Protect SmartBCH And BCH - Stop Promoting Rugs

The Bitcoin Cash community must have seen it all by now, and what I am trying to understand is be in the mind of someone trying to develop a cryptocurrency that is not a failure like almost anything else, but manages to stick to the vision of the whitepaper with succeeding in keeping far from the mistakes of BTC, the Bitcoin that massively failed.

I have also warned just a week ago about scammers that have already infiltrated the Bitcoin Cash side chain network, SmartBCH, but we can't do a lot about them, but ignore and expose when we have evidence.

Sometimes evidence is not easy so any kind of problematic behavior should be addressed. I am also supportive towards the DEXs and projects that first of all come from within the community, and from people that are not here just to make a quick money grab, but found with SmartBCH an exciting prospect, one they can use to fullfill their personal ideas and create Dapps, exchanges, websites, or anything else they dreamed of.

I love ambition in a dev, and avoid those seeking just money and fame. Very few examples of power are supportive to the goals of the freedom cryptocurrencies provide to the world.

Being less than one year in Bitcoin Cash I have seen a lot that made my mind this is the best investment I could make in the crypto market and I have allocated now most of my portfolio in Bitcoin Cash.

I am removing my allocation in BTC as price goes up and if it hits 60k again I will sell the final part of it. Same goes to Ethereum, I sold around half at $4,000 but my expectation of rising higher seems it was a mistake.

The plan is to never sell everything at once, don't just put one target but sell according to multiple targets when met. It works like that, and in the end, we always have something behind, prices may drop but profit is made, this is investing.

But, back to the point, here, I warned about slow rug pulls, ones that we don't expect but slowly can happen. These rugs may often be confused having one big investor taking liquidity out and destroying the price of the DEX token.

It happens, and it can be a scammer dev of the DEX, almost no way of knowing.

Although, there are ways to avoid similar trouble. Read the warnings and stay safe.

I warned about tropical finance. It was only a few days ago. And yesterday price of whatever is the name of this token DUMPED.

I also warned not to be so willing to support anything new on SmartBCH today, because far too many scammers are involved and when there is a million there, on the table, and the only one that can grab this mil and run is the dev, then why risk?

Read here and heed warning for the next time if you suffered from this "permament loss".

Let's discover the top 6 DEX on SmartBCH

This was 5 days ago. Wrote this at the price of Daquri or whatever strange name is this with price $ 0,22 and four days later price is $ 0.13.

50% loss, more loss for the yield farmers.

What caught my attention was those videos that appeared all of the sudden by supposedly Bitcoin Cash YouTubers.

A big warning against these speculators too. Not saying they had knowledge something was cooking. However it is either they knew or just greed.

These YouTubers pushed investors into tropical.finance. A DEX, with a website that sometimes was down, and one that the characters of the people behind it (the devs and that spokesperson they have), not only are not inspiring confidence but seem too shady with their communication with the Bitcoin Cash and smartBCH community (even the core community members).

Finally

This. What I said and keep telling. Protect Bitcoin Cash, don't just invest in every accidental dev that cloned another website and liquidate our precious BCH in inflation fiat dollars.

Many supported this Daqury finance or Tropical finance whatever it is called, but once again, erased the red flags waving from afar.

The excuse by one of these youtubers that one whale exited and entered another DEX is just silly and you since you managed to find this was all one wallet selling the Daqury token, BEFORE this wallet starts selling. You should have scanned for this wallet before you went out and shilled for Tropical since you found it so easily AFTER this wallet sold.

These speculators and the rugs are here to exploit Bitcoin Cash, so don't expect if these get bigger to support the price of BCH. They work towards selling all the BCH they make for dollars. That's right. And we keep our BCH we use them, we want to see the price better, but we also have too many "volunteers" supporting shady outsiders attract millions of dollars worth of BCH.

You PUT A STOP to this, right now.

Unacceptable for both (naive?) Youtuber to shill like that and then think your audience is morons. Both these guys acted irresponsibly and created losses for many investors. At least those that headed my warning HOPEFULLY exited the positions in this shitDEX.

Whatever, I warned about this exchange, it is not going to help smartBCH or Bitcoin Cash. It is some kind of instant gratification that price crashed four days later.

If you lost money to these fools, next time pay attention. I give you a no boolshit analysis and not going to bother with shilling.

Anyway, if you are paid for promotions you ought to be more transparent with those watching. Don't know if this was a paid shill case however it looked like one. And now you feel you had explaining to do. While flying for vacations. In Hawai.