Wellcome to Bitcoin - A Government Controlled "Asset"
Lets think for a moment what history taught us so far.
Is BTC today valuable? Certainly is, since it reached a trillion in market cap.
An astonishing accomplishment.
But is BTC useful today and in which ways?
Well, BTC can't be used as a payment network. It has high fees and transactions are slow. The LN is not used and seems it has some broken features leading to the use of centralized parties.
The BTC maximalists claim it can be used instead of gold, so governments can just hold some BTC, but what exactly is the point here? Support governments? Authoritarians and Statists?
What happened and how is it that Bitcoin today is supporting governments instead liberty?
Was Bitcoin Created To Assist Governments?
Bitcoin maximalists spent months rejoicing at the El Salvador adoption news of the Lightning network, and ironically claiming mass adoption was happening!!
Bitcoin is voluntaryism. It is against the centralized model of corruption, theft, and bad management of the economy. It creates a barrier to control it, but this uncontrollable nature of Bitcoin led think tanks and agencies to operate in the shadows but proceed with a detailed plan to tame BTC.
This needed insiders, a well-known cryptographer, and many devs, not part of Bitcoin since the beginning but together gaining enough power to drive out from their positions all the early devs.
The key in everything was just one individual alone. And probably, nobody ever know his real identiey, an anonymous persona all this time, that is even more enigmatic than Satoshi.
This is Theymos, the owner of everything Bitcoin was and still is using for discussions and information. The main page of Bitcoin was its forum. Probably only the whales are visiting it now but it is clear that maximalism breeds and hatred is spilled in this forum relentlessly.
Theymos is the virtual identity of the person that owns and controls:
Bitcointalk (the Bitcoin forum)
Reddit r/Bitcoin (the most popular cryptocurrency subforum)
Bitcoin.org (The website created by Satoshi, probably now owned by Cobra, another anon)
There is also speculation that the @bitcoin twitter handle started by Theymos, while alslo being partially responsible for the Bitcoin Block Explorer (blockexplorer.com).
At some point in time, many suspected the accounts connected to Theymos changed hands sometime between 2013-2015.
But, is Theymos an anon? The confussion spread is similar to finding Satoshi.
Some claim Theymos is a person under the name Michael Marquardt, it seems the US department of justice also did in 2014, identifying probably by following the bitcoin.org website ownership statement. https://web.archive.org/web/20150905115059/https://bitcoin.org/en/about-us
Perhaps this was Theymos, yet, there are no images online, the guy took all steps to hide the real identity and we can't be sure if this name is real or not.
But, whatever happened, this name is probably the original Theymos, and at some point, some of the accounts together with the admin rights were tranfered (sold?) to somebody else. The original Theymos according to early Bitcoiners was very young in age, perhaps 19 years old (so probably 33 years old today).
At a point in 2014 the account changed hands while at the same time Blockstream was founded by Bitcoin Core devs lead by Greg Maxwell. After that it was a series of events that led to a schism in the Bitcoin Community, with part of the devs and Theymos acting in support of Adam Back. Some more suspicious shady figures that appeared between 2012 and 2014 took the side of Blockstream. A few others that represented Bitcoin in conventions, discussions, on YouTube, in conferences, even in front of the Senate of Canada (Antonopoulos), while they have been preaching the need of scaling Bitcoin, they eventually stood back, betraying all they stood for and switched their rhetoric.
Digital Currency Group is also running the crypto show. Ex-investment bankers are pulling strings and installed muppet show of disinformation and censorship. It is all becoming so confusing as there are blank spots nobody mentions often.
The banks infiltrated Bitcoin, this is nothing new, I was under the impression the banks were in control without ever having an interest in the technology.
Decentralization is ignored, and left behind just for a few. You have let's say 1,000 hodlers that made millions, but hold the rest of their Bitcoin for ideological reasons or for speculation having in mind if they don't sell it will reach $ 1 million. It could, I can't tell the future. It can be more than 1,000, lets say 10,000 users. Can't think they are more (users not investors). So these early Bitcoiners are using BTC with their nodes and perhaps some of them are taking all the extra steps to secure their privacy.
Who cares? The bankers care? They sold Bitcoin to 100,000,000 individual users on exchanges, trading websites that were supposed to be just for stocks and commodiities and trading apps.
Out of the millions that bought all this BTC today, the 10,000 users that want it decentralized and preach decentralization, are NOTHING.
That's right, you are nothing for the bankers. They sold your BTC to institutions, and some folks that think volatility and crypto exposure is necessary but won't ever going to use BTC for anything else but an investment.
Bitcoin was infiltrated, stripped from its P2P electronic currency options and presented to Wall Street funds offering this cool shinny new coins to investors. There is nobody left that cares today, BTC is just done for. It has this golden opportunity to become an bright light of hope for everyone.
For once it would be fine for those inside the plan to come out clean, express their disgust with the El Salvador authoritarianism, and stop supporting the Blockstream corporate interests.
https://www.youtube.com/watch?v=h0qARKl8-GQ
Thankful to the Bitcoin devs that made Bitcoin better than that and made it Bitcoin Cash.
Did You Sell The BCH Bottom?
We can see the cryptocurrency price action is still connected to BTC but there are some changes that apply to BCH recently.
Usually BTC when it drops it suppresses other crypto and it begin a recovery solo afterwards, since it is supposed that some investors move into BTC from other crypto. This may be a different case today.
It was not the recent drop to very low price below $300 that helped BCH regain some positions in the market chart by market cap terms, but it was when prices start rising again that BCH gained some positions it previously lost.
It is too early to tell, but I think Bitcoin Cash has found some allies in 2021 that are creating grounds for Bitcoin Cash to reach back to the top again. Not quite the top of 2nd placement in market cap, but perhaps reach the top ten cryptocurrencies again.
There is smartBCH but there is also CoinFLEX. I find this exchange to be a prior reason for Bitcoin Cash rise in this market. New money is needed as miners still have to sell to pay for their electricity, rent, and every cost they have, but there is also a time for miners to sell.
Expecting a BCH rally that has no targets for selling. Once the investors begin buying BCH it will be non stop, neverending bullish line in the chart.
We can expect BCH to rise from here, perhaps until summer, and maybe in August we will have discovered the true price of BCH.
Certainly not $ 300 or $ 400. Even $ 5,000 will seem low when we explored fully the new dimension in the charts.
Be ready for this as many sold and kept selling where some whales have been accumulating. And know that nobody will care but you will be telling some stories next.
Which is the story you prefer to tell, that you were holding 5 or 10 BCH when price was $300 and sold because you didn't know it will be a lot higher?
You will understand your mistake way later. You will be one of those telling stories how you were holding one, five or even ten Bitcoin Cash but you could not hold as you had expenses, you didn't understand it, you didn't believe in crypto, and any other excuses.
You had expenses even without Bitcoin Cash, this was not the reason you had these expenses. You don't damage BCH by the way, there are buyers and the price at this level is getting bought by whales. I also have to thank everyone selling this low as it was a rare trading opportunity as well. I have now part of my BCH for a hold position long term, and part for trading and buying these incredible low opportunities.
Got to thank you for this, but I don't feel it is nice exploiting all of you without explaining the plan and how to make successful trades.
You sell your BCH cheap and will be later wondering what was this opportunity you had for life changing wealth and how you missed it. You are holding a winning lottery ticket and you are just selling your hopes this way.
Bitcoin Cash is a cryptocurrency you will not have to sell in a few years. Instead, wherever you live you will only watch people that never knew a thing about crypto, asking how to buy BCH. And you will be the guy that kept selling the bottom.
What is the stories you want to tell your children? How you found this read.cash site and you could make 1 BCH even perhaps in two months. And how you had such paper hands you could not hold such a promising investment.
Imagine the disappointment in you. The price of BCH in ten years can be $30,000 what is your plan now with price at $300?
There are a few factors you need to consider. There are BCH whales, but are not selling. They sell but not "dumping" at the bottom.
BCH has such dynamic and we have seen this twice in 2021. Anyway, be my guest, sell your BCH at $300 where buyers are waiting. I buy more BCH and ignore some that act against this investment, even if these are BCH community, devs, or whatever.
Have in mind that the price is not indicating success, but the lower it goes the less point BCH can prove. This is a twenty years investment following what Bitcoin did until 2014 for payments and will soon be accepted by top companies. Expect some surprises which price will follow immediately.
The Best Time To Quit Your Pathetic Job, Is Now
Let's face it, no matter where we live in the world, we probably can't make enough if we work for somebody else.
What your parents told you to study and get good grades, to find a job, doesn't seem to work for right about everyone.
Even for those a simple job seems to bring important revenue today, well it simply doesn't.
It is a pandemic of cheap labour that brought this together with zero protection against the employers and the inflitration and devastation of any labor institutions.
Labor and employment organizations were destructured as corporations gained more power to reach the monsterous size of Tesla, Amazon and the likes.
The difference in wage between the productivity you are asked to deliver and the wage you receive, together with high inflation, high taxation, high crime rates and dangers not existant in the past, marks the time when employees simply have no reason to work anymore.
The Great Resignation Wave
Why should we work if we aren't going to make enough as our ancestors did? Why should I bring a hundredfold productivity and get paid a wage that does not suffice for my living standards?
In the Americas it is slightly different, but there is still extreme cultural demands set by the US societies and the role models. You have to spend more than you earn and work more than you should to achieve this.
The workforce has had enough, though. A wave of resignations, an Exodus from the businesses is ongoing.
Employees resign en mass lately since the beginning of 2021, simply because the money offered is not enough.
It is a supply and demand case. You don't offer what I need, I'm not getting hired by you.
The great f*** you moment, where the employees, especially of younger age, millenials, and some Generation X'ers, are giving the middle finger to the elite that has depleted the workforce wages for decades, to a point, it is not profitable to work anymore.
This is also known as the Great Resignation, or the Big Quit.
It started in the US and parts of Europe where workers, during the lockdowns found the opportunities the internet has to offer, and also found out their income, was much better working from home, but it wasn't just that.
Workers are having to deal with daily stressful situations when working in an office, in a shop, or in a business building. Far from their home, workers feel vulnerable, as they are always under threat of not performing well, or of having to deal with supervisors that are clearly incapable of handling people.
I am convinced all of you in a daily job, working for someone else, have already been yelled at, humiliated, or mistreated in any way.
Well, this doesn't happen when you work from home. You are the boss, and you have nobody that had a bad day above your head, trying to find what you did wrong, why you didn't perform 100 times better from what was to be expected, or why you didn't work those 5 hours of overtime.
A big f*** this all moment. This is what happens when you mess and try to squish the juice out of your employees, just to look good to those higher in command.
The constant need to act and not respond but just be a happy moron in your workplace, while you are burning and suffering inside, is another reason.
You are meant to always be joyful, polite, respectful, and work in a team. It's fine being a teamplayer, but not everyone can adjust with a team when characters don't simply match.
Working from home beats working in a business environment hands down.
Yet, until Covid it was the sole privilege of just the CEO's and the management. Not the employees of course. Well, I can' work from home, why the hell should I go back to work at the office? To justify the wages of the supervisors?
It is all a terrible situation in businesses, but the wage is the worst of all:
The green line in this chart explains what is expected from you as an employee. The red line explains what you are getting paid for this productivity.
In a few words, not worth the trouble. Get out. You don't have to listen to your annoying co-workers or the bastard supervisors nagging and humiliating you any more. Be your own boss, work in your own terms. Make money by being smart, work smarter and make double or tripple what you were paid by your shitty employer.
There is a lot of money to make, and perhaps just ten readers will reach this last few sentences, so this is about you guys, listen to your heart, make the move forward, get some skills of those the internet asks for and give the finger to your boss after handing your resignation.
Finally
Until about the 80s in the western societies, (USA, half of Europe, Australia, etc.) but also in many more parts of the world as some Latin American countries, wages were following the product the employers delivered. In the 80s most during the end of that decade, the corporations got smarter, bigger, and started asking for more, and paying for less. They control the governments today, in fact, just 10 families rule the world today, so they make the law.
Didn't expect the great resign though, but the threat to them is cryptocurrencies. They don't want you to get payed higher than the shitty wages they pay, they want you to just slightly manage to get buy and be happy and thankful to them.
Well, f*** them. You deserve a lot better, you deserve to not be in debt, build your house, buy a car, buy good clothes that will keep you warm at winter, have vacation every year, be your own boss, and not having to deal with bullshit and act like you don't care. You care and it is just the business model that doesn't work today.
It doesn't matter where you live. You probably struggle to get by.
With a laptop or a smartphone and Bitcoin Cash you can change everything. Open your online business get better at what you know or do already. Expand your skills and your knowledge and direct in one topic that you can become an expert.
You will get offers around the world, and you will get paid double tripple or more than your shitty boss pays you today.
Work to make the money you deserve, not half or 1/10th of what you produce.
SmartBCH Nfts Making Moves
The Oasis exchange for our SmartBCH nft needs some more developing and it is faster than previously but it may still need time before we can open our wallet and see our listings or process the collections.
It takes a while, and the new collections should think to process a marketplace and offer it on their websites, but make it fast and responsive.
OASIS is better than a few weeks before when the wallets and collections were taking minutes to load.
But it is easy for someone that has no clue on developing to judge. It needs time and it is given, but competition will appear. The volumes bring profit and Oasis was side-funded in its beginning with hundreds of BCH.
If something better appears as an nft market, all the volumes and profit will move there.
Browsing Oasis today, it took less time than other days and have to mention there was a big improvement. It required a minute before I had the website with full functionality but after that speed was ok, so anyone that had similar problems can refresh the website after a few seconds and in about a minute it will probably be good to go.
I found many interesting collections, bought some Nfts and listed some I owned for a while, at prices I do not expect to see immediately filled, but I made some calculations and reached to a price that I found it reasonable according to each nft rarity.
Nfts are a risk and some may become valuable later on. We can't expect immediately to profit from these collections and it all depends to how many new investors will join SmartBCH.
They need to see profit for this, and often we read posts on twitter and watch video at Youtube from nft collectors explaining how they sold for multiple BCH nfts they minted for a few dollars.
This is amazing advertisement and should be promoted further. Punks reached higher popularity once a few things happened that made this collection look like a lucrative opportunity and those that had some knowledge of nfts immediately were attracted.
I love some nft collections that recently appeared and we are experiencing a wave of NFTs in smartBCH.
Out of all collections I love Reapers most, and then Queens and Poolside puffers. I like the CashCats too and own many from the mint that seem to have rare traits but I cannot find buyers for the price I select. The price is less than a BCH for an nft that has many rare traits but it doesn't get sold. I don't know, perhaps the interest is not there in this collection, and it is saddening to see as I expected a lot.
Poolside Puffers seem they meet even less interest but it is a very organized collection with details and all, maybe with a small development from the team like perhaps staking or any thoughts for some use case, interest can revive.
I also like CryptoR.AT, and although it is a pixelated collection it has a nice touch with the color selection and some with rare traits may worth something.
Forgotten ladds is another pixelated collection that in artistic terms barely reaches the bear bottom of my taste, but gave it a shot anyway.
I don't mention some collections from tropical finance, or the way these were promoted either, with an obvious washtrade taking place a few weeks ago to create artificial interest. I don't like tropical monsters, or daiqui.dudes and I can't find an excuse for the bottom price of these nfts. As with tropical finance it looks like a cashgrab.
Finally
Reapers was awesome and the artist Chu with the developer Josh are incredible assets for SmartBCH. I read the story of chu and feel it added even more to the importance of this collection.
I previously supported Punks and the Law token of Blockng and will do the same for any fresh project in SmartBCH.
Buy the SmartBCH Dip!
About time to bounce and green is the new color on the board of SEP20 tokens. Some big opportunities appear again with prices of many SmartBCH tokens on a discount.
We had rough week perhaps the worst even for smartBCH tokens that were performing well all this time, and we may have seen BCH dropping but at least we had a big profit from SmartBCH.
But have the tokens really dropped too much, or perhaps they were still rising, even when BCH was dropping? Some of them lost price in dollar terms, but we can see them in the BCH price they've actually gained in sats.
Lets watch them now.
SEP20 to BCH profit in Sats
LAW is up 15% in the weekly!
In Satoshi terms holders of LAW are up in the last 7 days with all this terrible action in price of BCH and the rest of the market generally.
LAW is strong token, one that demands a position in our SmartBCH portfolio.
Flex Coin is also up 3% to BCH terms in the latest bloodbath.
FLEX Coin has solid grounds to be considered as part of our SmartBCH investment. It is a coin used as a DAO for CoinFlex so it has a strong backing.
Next one is 1BCH that has outperformed the market and is up 36% in satoshi terms!
Congrats to 1BCH, the team has upgraded the website, fixed some minor issues, and it is now faster and stronger, while the community of SmartBCH invested big in 1BCH after watching the developments and better functionality of the website.
Two more SEP20 tokens managed to perform very well all this time the market was suffering and increased their price in BCH.
Catsluck and SmartIndex can be considered in the same category in terms of the attitude of devs and the maturity regarding their approach. Especially SmartIndex that represents purchases of tokens of SmartBCH is a very interested idea that I am lately following closely. Congrats to both!
Wojak the meme token was simply, outstanding!
127% up in BCH terms during a week with prices crashing and blood running on the streets. Yet Wojak did not stutter! It remained calm and with the announcement of its NFT collection Wojak doubled your BCH! If you were in Wojak all this time you made good profit in a week where everything else was dumping. Congrats to Wojak!
CashCats was also rising in BCH and it is one of the best performing SEP20 tokens all this time. The CashCats holders didn't budge and kept their nerve during times of uncertainty, outperforming most of ther tokens.
CashCats is a meme token and also an NFT collection, although, backed by OASIS too. Don't forget the dev of CashCats Fuego, is also a dev of OASIS. It is one of the tokens that have a lot more to give as SmartBCH keeps increasing.
Finally
SmartBCH does not care for the market manipulation or the announcements of the SEC or the FED, whatever organization is bearish on crypto.
I can't claim every token in SmartBCH has strong fundamentals that will support the price, but can think of the valuations at this stage similar to how the crypto market was a few years ago before the bull run.
There are powerful tokens that can grow fast and give excellent returns to investors.
Build your smartBCH portfolio with good tokens with strong teams that will have less chances to fail with time, and can bring the most returns as SmartBCH keeps rising.
The Bottom is Near for Bitcoin Cash
Gradually Bitcoin Cash is recovering from the latest price slump that affected every cryptocurrency so far.
But we don't know yet if this is the bottom. I've called the tops and bottoms unsuccessfully lately. Bitcoin-BTC and Bitcoin-BCH both did unexpected price action during the last six months. BTC perhaps by news of El Salvador adoption played its last card and went into new ATH, but Bitcoin Cash did not do the same.
I don't know what the odds are but I was expecting a lot better and perhaps all the new investors in crypto were just morons buying into BTC at ATH and a lot more useless crypto like Doge.
I will make another prediction although consider I failed in my previous call (and buy). Bitcoin Cash found a bottom at this price.
Fun fact, I can't go into losing territory anymore, I am in profit from 2020 and 2021, was even better and this disappointing price is not representative of the network developments or the increased use of Bitcoin Cash.
However, I forsee a bright future for BCH and will keep this investment for way longer. Since when it begins rising it will be an explosion of green candles in the charts.
It is remarkable that Bitcoin Cash stayed this low and as I have explained it was the work of just a few whales together with exchanges that allowed naked shorting of BCH and perhaps more cryptocurrencies.
These are Binance and Bitfinex and perhaps many more included in this shady and unacceptable practice. Although the whales from the side of BTC engaging in this irregular practice did not see their precious BTC store of value dropping to the ground.
They are now removing the laser eyes from their Twitter profiles. This wave of politicians promoting trading was disgusting already and proves the real intentions of BTC that lately is the opposed to progress.
The store of value! Bitcoin in the form of BTC today was supposed to be storing value at 60k, it was supposed to be strong money, but once again most that bought into BTC have two choices:
Sell and write off their losses
Become the new hodlers that suffer losses for years and spam the internet unable to understand the error of their judgement
Well, I'm also going to do the same with my BCH, hold. But I'm not giving false hope or unsustaingable examples of money costing $ 100 to use. Not covering behind bad developments like the lightning network that will never become used.
Finally
Bitcoin Cash is the reason everyone should be in cryptocurrency, this is why I invest some more according to my most moderate strategy and if I find a way to use, like in vacations, I'd be delighted to.
Although, I am not sure what will happen this year with the other front we still have open. The lockdowns and covid... It gets frustrating and although I can travel, I would not like to be in quarantine for a week in the country I land, and then having everyone behind a mask.
It all seems connected somehow, BTC, Covid, censorship, the sheer lunacy that surrounds maxis, the governments, and the media mania to present the government case, as well as the same media presentation of the BTC maximalist case about the price of Bitcoin when things are getting hot.
It doesn't seem. It is all connected, a voice of uknowns trying to claim lawfulness and the BTC side another bunch of uknowns on the internet claiming regulations help the price and we must sell out everything we stand for, to make them millionaires. This parody is just puppets following a master that pulls the strings.
Seen it before, the stock market is wild, and the crypto whales don't know with who they are messing.
The Best Investment Advice By Marc
Most that will read this already know this and are very enthusiastic with the odds presented by SmartBCH.
Although, there are about a hundred million interested investors that are the target group for smartBCH. Why? Because fees matter and even a $10,000 investment can't stand losing profit from $300 required by Ethereum for buying fees, selling fees, and the Uniswap contract interactions.
For $1000 simply this is not even a question, nobody invests since the fees alreayd make it a negative experience that is not going to be profitable.
SmartBCH is changing this, and gives the option to invest just $50 or even just $10 without having to care for high fees.
And the network is running non-stop since it started, never had issues and never failed to execute transactions as other similar networks in the field of smart contracts are doing so far.
Why I Think smartBCH is an 1000x.
Bitcoin Cash is the cryptocurrency powering up the smartBCH network. Bitcoin Cash is a decentralized network that grows and attracts users with its fast and cost free network.
Watch the last video by Marc De Mesel and find out how to behave in this market:
https://www.youtube.com/watch?v=arALPvBPbyw
The best strategy as explained by Marc De Mesel in the video he released today is to buy the unpopular projects with diversity and not at the peak of the hype.
The best investments are those that are growing and have a strong community that stays for what it found and not just for personal gains. The gains will follow if the strong community brings more in it and multiplies.
Marc explained perfectly when to sell as well. I have also said that before, since April of last year, when the market was heating up and ready to burst. We can't ever be 100% sure and we can't sell all our investment either, although it is suggested to sell when we see a global bubble forming.
I was never longing or shorting, the manipulation by derivative exchanges is too much to bear, thus I was only investing at the right moment.
With Bitcoin Cash, my investment stayed and while I profited at the top of the BTC, Ethereum and other crypto's bubbles, I felt Bitcoin Cash was going to bring something extra.
I was wrong in my part, when I failed to figure the manipulation against BCH by top exchanges like Binance and Bitfinex. It was a late relevation to me, to see all big purchases of Bitcoin Cash getting shorted to infinity:
The Truth: Binance Sold All Bitcoin Cash In The Exchange To Sustain BTC https://read.cash/@annayks/the-truth-binance-sold-all-bitcoin-cash-in-the-exchange-to-sustain-btc-f1dbb3d0
The truth was there and we suspected Binance and other exchanges, but this was a major strike. Binance was out of Bitcoin Cash, simply indicating, Bitcoin Cash was naked shorted on this exchange without backing these trades by actual assets.
The proof was the Bitcoin Cash withdrawals were suspended for about 2 days, simply because Binance didn't have a mechanism to buy Bitcoin Cash from other exchanges, but had to cover by mining the BCH. A pathetic approach, recommending staying out of exchanges like Binance or Tether related exchange Bitfinex.
Finally
Tether didn't help Bitcoin Cash, it was another reason BCH stayed below its previous all time heights, never supported BCH but was instead providing artificial volumes for Bitcoin-BTC traders inflating the price of BTC with loans of Tether to shady fund offices to buy more BTC and increase its price.
BCH has gained nothing from any stable coin in the market. These are all mechanics used to bubble up Bitcoin-BTC and a few more cryptocurrencies that are usually centralized versions of Ethereum and have a central developer as a founder.
Scams, in a few words as anything we have seen in the previous years that appear without any better technology from others and will exhaust the investors until they suck dry billions from the markets. Billions that move to the pockets of these developers.
All those in crypto that are not sheep are today using Bitcoin Cash. The rest are sheep and have lost all their money already holding a bad investment. Bitcoin Cash may have a fierce opposition by internet trolls that think they are on the right side, but when they read a year later what they previously wrote they themselves understand they were expressing invalid arguments.
BTC & BCH Fear Of MtGox
The force hodl the MtGox degenerates suffered from was the only reason the became millionaires today. Most of them were just beginning, in 2012 and 2013, but with the price reaching dream ratio inside these two years they already had made a fortune.
It wasn't easy to hold and they would have sold, but today they expect to get back an amount of 10-20% from their BTC.
An account holding 100BTC back then would be worth about $ 50,000. From this this investor expects perhaps 20BTC back, that would be today $720,000.
Life changing wealth and it is expected 80-90% of these traders to DUMP their BTC in the market, flooding it with 160,000 BTC that have not been moved since 2014.
MtGox Again and Again
This website, if we can trust it will give us real time data will bring us the bad news.
MtGox Cold Wallet Monitor
Those early in bitcoin, the lucky traders that instead of losing money by buying high and selling low, they became investors with long term perspective without their own volition.
The news is out. 160,000 dormant BTC for years will move in 2022. And go to the pockets of traders that had them bought at a price 99% lower.
Price of Bitcoin when MtGox suspended trading and filed for bankruptcy was $ 483. Soon more than 160,000 will flood the market at price of BTC $ 36000.
This is almost a hundred times higher than 2014 and what can we expect beyond dumping it for profit.
They don't get their total fortune back, but only about 20% of that. Some have received payments in USD before, as in 2018 the trustee of the fund sold quite a lot of BTC in a liquidation process. So someone with 100BCH will receive 20BCH.
This is because out of a total 850,000 BTC MTGox lost from hacking and mismanagement, Karpeles found a disc drive containing 220,000 BTC and handed them to the investigators after the shutting down of the exchange. So they lost about 80% of their BTC, and the rest are in a lengthy process of figuring out how to divide them between the creditors (accounts).
So, they did not 100x their wealth, but a lot less. Still enough to dump on the market, since most of these traders would not make not even close to this ROI the current days.
MtGox is also a problem for Bitcoin Cash. The "forked" coins of BCH will also be delivered to those lucky traders, and as anyone can suspect, those trading BTC at MtGox, were not interested in fundamentals or in BTC as a currency. They were speculators and similar to what the typical BTC maxi is today, all about the price.
They are sell outs, never had any values and would love to make dollars out of selling their BCH as well.
I have read Roger Ver had about 800BTC in there and perhaps some more early in Bitcoin and now in Bitcoin Cash also used MtGox, storing some of their BTC, to sell for their immediate needs. This is a use case for many exchanges but I doubt Bitcoin Cash users didn't know the risks. I haven't read from anyone in the Bitcoin Cash community asking about the MtGox rehabilitation plan, or making lengthy articles but only BTC maximalists.
I could be wrong, but I don't think I am. Bitcoin Cash community seems it understood completely what Bitcoin was about back then, and was using Bitcoin as it was supposed to be, with private keys and non KYC wallets.
Finally
I am expecting the degenerate MtGox crypto gamblers to dump both BTC and BCH.
But some of them perhaps invested more in BTC all this time and probably became the hodlers that we learned about in 2015. Probably these hodlers will hodl their BTC and dump BCH as their mental state in understanding Bitcoin will never be any better than the average BTC troll.
As for myself, I had sold all my BTC since April, when I posted here a series of articles concerning the bear market and how it could be presented upon us. I called the bottom at about 30k previously, although, price at that point wasn't easy to predict. I still felt it was an irregular move for BTC to reach to new ATH even if this was only a few thousand dollars more than the previous. But this is markets, often so irrational we can't predict at all.
But, even now, I can't predict the next move and not care about BTC either.
I am in Bitcoin Cash because of smartBCH and I find this bet to have a long way to go. I lost money from BCH drop, but the decision was made, and it wasn't a decision taken with emotions, but one that logic commanded me to take.
A bet no matter the odds can go wrong. When we have 90% chances to win, there is always 10% we lose. But even if we are unlucky Bitcoin Cash can't go to zero, it can go down a lot, but the potential for the investment to increase in value later, is not going to change. Maybe it takes years more, the BCH will keep increasing in my wallet, for as long as the rest investors wish before they take a look and see it themselves.
Bitcoin Cash Price Will Disprove Doubters
We can move with this tactic, crash BCH to $ 1 and then just buy 1000 BCH each. We will become whales instantly with just $ 1000.
But this is not going to happen, no matter how much some want it. There is a bottom, which depends to BCH, but it is perhaps $ 150, but no less. Don't expect $ 75 BCH again.
And don't expect BTC to reach $100K either.
I don't know if this was the best introduction, but, it is relevant to the current news that have found all cryptocurrenices dropping in a vacuum.
We are in a free fall, but don't worry, $ 400 and $ 500 will be back for Bitcoin Cash, and maybe it will be next few months or next year, but it will certainly be at this price again. It is not even considered a price target to sell your BCH for trading, it is just achievable with ease.
So, are you holding today and thinking of selling your BCH?
Maybe consider those in BTC that are in panic mode and suddenly forgotten all the narratives of store of value, and their El Salvador shady schemes.
Or consider again, why the PlanB account on Twitter remained anonymous when kept publishing about 100k without accepting any contrary bets.
The Game Is Lost For Some, But Not For BCH
Not for Bitcoin Cash. With smartBCH, it is just beginning. With all the adoption in Australia, Venezuela and other places it is now close than ever to create its own conditions and separate from the hype.
The game is lost for BTC, this was its final bull run and now momentum is shifting to useful blockchains and coins that can achieve wide adoption.
I keep buying BCH all this time and will keep doing this.
I accumulate and stake the green sats.
Maybe one day I will tell you my whole investment size although I prefer to keep it hidden, but I doubt my tax authority will find me, or come looking at readcash for those that hold crypto to tax us in the future. To be sure, I will keep an anonymos profile and not attract too much attention, since the future is bright for us.
I plan to reach whale status with BCH, this anyway, will take long, and there is a part in the community that tells the truth, that price shouldn't mind so much, but this part is already wealthy enough from their early involvement with Bitcoin.
I understand them, they try to spread the word on Bitcoin Cash, but in a different approach, a contrarian one, but they should know, a currency is also a store of value. We don't want to hold a useless currency, but one that will support our wealth.
So, they are wrong when saying that price doesn't matter, it matters and the higher Bitcoin Cash gets it is the better for everyone.
It is better to explain that price will be in parallel with adoption and developments, not just exorcise price of BCH like it is nothing.
The dollar price is the standard like it or not, since the dollar is the global reserve currency. An inflating fiat that doesn't offer us a choice to hold and work for it.
But BCH offers the choise for thousands to work for it, to invest in it.
It has limited supply, 21 million coins and this will never change. Maybe you haven't studied the basic economics at highschool, but when you have such a currency, its price will climb higher as demand rises.
I don't mean offence but this is basic economics. There is manipulation and I absolutely hate it and call it since it is obvious, but this is the law, when demand increases we will see price rising, since the supply of BCH is constant. Don't take into account the remaining 2 million coins to be mined but the 21 million as a fixed constant.
This doesn't change. Demand is poor lately because we couldn't attract investments for 8 months. Seriously, I doubt you want Bitcoin Cash price to drop and looks suspicious to see this approach by some that call themselves holders, investors, and users of Bitcoin Cash.
But, in any way if Bitcoin Cash drops a lot as these "community" members suggest, I will start selling assets to buy it. I love the developments by the BCH devs, and I adore smartBCH and the way it moves forward.
What Bitcoin Cash is more push by everyone. More adoption, more investments, more accumulation.
It needs less naysayers, less demoralizing contrarians, less egoism.
Finally
We are not going for new all time lows, Bitcoin Cash will stay above this line, and there is no "buts" here to make a counter-argument. Those calling for zero price are disappointing the rest that thought of them as intellects and important members.
It is also making you look suspicious to the rest, since this is just what the Bitcoin maxis want. To see more division and more contradictions.
Bitcoin Cash doesn't need to have insiders claiming it will die. Is Bitcoin Cash a crypto that doesn't work? Is it one that doesn't have developments? Is it one that doesn't have people? I see thousands active members and many with their real identity coming forward and supporting Bitcoin Cash with vigor.
You are also demoralizing the 99% of the users so don't do that, unless as I stated before, this is your plan.
Price Of BCH Today Is a Golden Opportunity
Prices today are an opportunity for opening long positions, since every indicator is right at the bottom.
If I was trading BTC, I'd give I wouldn't even have as first target 45k but higher for the next one week.
But for BCH, after the latest manipulation that led price diving into unexpected lows, it is a different story. Maybe the exchanges will once again buy the bottom but the BTC whales manipulating the BCHBTC pair and the naked shorts at Binance are still not letting the BCH asset to shine as it should.
No worries! The lower it gets the more we can all accumulate, since BCH is a long term game, not just a pump and dump like the rest new tokens that appear all of the sudden out of nowhere.
Investors buy like sheep and don't understand a lot about this market. They only buy what is served to them, but they will meet Bitcoin Cash too and reconsider their mistakes for allowing the BTC whales to treat such a golden opportunity like that.
I always hated market manipulation and excessive shorting. The shorts will get rekt, especially since the BCH shorts are naked, similar to the AMC and GameStop short squeeze we watched in 2021.
Bitcoin Cash has no algos manipulating price in exchanges, and very few exchanges are helping avoid such naked shorting practices, while plenty of the big exchanges are encouraging whales to crash BCH just to help the price of BTC. They also crash BTC often, but the plan is to keep BCH manipulated in lower and lower BCHBTC ratio.
This begins right at the top, those big whales that move BCH down since this is the only voice of reason against the BTC nonsense.
Roger Ver talked about this years ago, BTC is simply a Pyramid today, an asset that has no usefulness but all discussion and all that matters is the price.
Bitcoin Cash has everything that Bitcoin BTC lacks today. Beyond the reasonable features of the network, being explossive fast and not expensive to use, it is also non-toxic. There are no repulsive control freaks or trolls spamming completely stupid slogans taken directly from Saylor and Back catchlines.
There is about 20-40 points IQ difference between the average intellegence of the Bitcoin Cash and the Bitcoin Core communities, starting from the devs and moving as far as to the last investor.
Those attracted to idiocy become part of this spam/troll group and proceed by replying to your tweets and forum threads with toxicity and aggression. Don't need to discuss with idiots, really, they don't even deserve to comment on our posts, so either let them rot and the public oust them, or block them instead.
This is not a game, we are not admins to keep a forum free of censorship. This is the user experience and when a moron thinks they can troll they are getting blocked. You state an opinion, if this is not stated properly then get out of here. Be a polite person that adds constructive arguments and realize perhaps you also may be wrong in your approach, then you may even win the argument.
But toxic trolls? Starting their response with luls and lmfao and expecting to be treated with respect? Nah, these are just instant-banned trolls, they will be a waste of time and not even considering talkind them out of their nonsense ways of thinking.
Finally
Imagine any reputable person on the internet, suddenly replying to a tweet or a post they didn't like, starting with the abbreviation "LMFAO" to make a point.
Don't even know how there are so many trolls on the internet today, it seems they are all paid to create chaos and bring confusion to any conversation that seems interesting.
And Bitcoin BTC has so many of these trolls that it should be an interesting case study to inverview some of them, having their online history of posts and comments and asking them, how do they really feel about themselves.
I can't think anything else, rather than they are paid to be like that. Well anyway, you probably have found by now this practice against BCH only brings the opposite results from what was expected.
The only problems BCH have to face were from within, and look what those that left created, BSV and eCash, two networks irrelevant since the day they moved out of Bitcoin Cash. This is not about selfish ambitions but working towards the good of the network which will produce value for all participants.
The Next Wave of BCH Whales Is You
Back a few years ago, in Bitcoin's forum you could earn many Bitcoins yearly when the price was a lot lower. Although not many of those hunting bounties and rewards were indeed holding, since some had this mental state of thinking it as their online work. And earning online method. Most were trading, selling, not understanding, not believing.
What would cause someone that trully understood the power of crypto to sell everything at prices that today seem low? $1, $10, even $100 or $500 dollars was prices many thought were great to sell. And I don't judge all those amazing people in Bitcoin that were using their Bitcoin to buy items online, or use them in black markets sending a message of liberty. Talking about all those that sold their crypto with maniac approach thinking that holding in a bank dollar bills helped them better. How many have you heard in the past telling, if I held my Bitcoin or Ethereum, today I would be a millionaire. They could have held, they just didn't believe it was all real.
It is terrible to think like that when you are in crypto. This is about putting your money in crypto and investing. Anything else is a bonus that adds to your position and when the massive herd of investors finally realize this was not a joke but the future, then you are sitting back and enjoying.
Bitcoin Cash is for all of us and all those that keep selling today, a big chance, one that maybe you don't even understand yet, how it will bring life changing wealth to you, only if you have the guts to start accumulating, spending in BCH transactions, and aiming to increase your position. It will become the most used cryptocurrency and will reach above Bitcoin's BTC transactions again sooner than you think.
Imagine considering Read.Cash as your job and selling everything for your inflationary fiat national currency. I wrote something same a month ago, and I feel many did not realize but started finding excuses.
I don't expect you to hold our investments if you don't have a source of income. I am not talking about you. Those that can't cover for their cost of living should not invest anyway. But, if you can save money, save it in Bitcoin Cash.
This is not about you supporting Bitcoin Cash, it is what Bitcoin Cash will offer to you in the next five to ten years.
You need to keep using Bitcoin Cash too, not just hoard and hodl. Bitcoin Cash is the internet's magic money. It exists only in the blockchain, and it is only digits, but it has this purpose to use and spend it. If your shops don't accept it, you may find online offers and spend less than transfering it to your bank first.
If you just want more fiat money, you have lost the purpose and the game, you are in a wrong place and don't really understand what this revolution stands for.
Bitcoin.com has this map that gives all the websites and shops that accept Bitcoin Cash as a payment. It is not everywhere in the world, but as price of BCH will keep rising expect more to join this club.
We are presented with an incredible opportunity today, one that previous internet "workers" missed as they sold Bitcoin for peanuts.
Finally
I wrote not to sell your Bitcoin Cash in the past, but this looked like asking to hodl, which is a dubious investing strategy. But when we are in a crypto that actually offers everything one would demand from a cryptocurrency, we can't simply let it slip and lose our chances.
This is not an XRP similar token that founders are massively dumping in the market at any price there is left. It is not a premined token, but one that successfully recreates the vision of Bitcoin's whitepaper.
There is no Craig Wright threat as in BSV of grabbing the 1 million Satoshi tokens to sell. There is no masterplan, this is what exactly the Bitcoin community wanted, probably at a rate of 90% in 2015 when the scaling debate started.
If Bitcoin had followed with the suggestions and scaled, we would be talking today about a very different Bitcoin and everyone knows there would be a very different price too, one way higher from what it achieved in 2021.
Manipulation Against Bitcoin Cash
I was watching the charts as always and was excited with the Bitcoin Cash price action and big purchases in exchanges.
But again, as always, any similar big purchace was met with naked shorters at Binance and the rest derivative exchanges.
This manipulation makes investors leave Bitcoin Cash. It goes the same for years and will be like that for years more. The Bitcoin whales are behind this together with help from Binance and Bitfinex.
More exchanges join and the trend of naked shorting Bitcoin Cash with not enough BCH to back such claims can keep going on for a long time.
It is a shame the Bitcoin whales are using their pals at the exchanges to succeed in suppressing the price of BCH. These are mechanics coming from the dirtiest parts of Wall Street, the Wolfs that are now the new best friends of the Bitcoin whales
The trading paterns are exposing the serious manipulation, with last example today's wick to the upside, getting instantly sorted by the exchanges, most of all at Binance.
It has been like that for Bitcoin Cash for years, wick after wick after wick, shorters appear and create an illusion of BCH being dumped, but in fact this is just the outcome of the algos Binance is running.
The rest exchanges also are responsible, Kraken, Coinbase, the Korean and Japanese exchanges that also have systems connected and dark pools for traders to manipulate price in expense of BCH.
It seems some of the Bitcoin whales are more interested in shorting Bitcoin Cash than anything that happens with BTC.
It is the main rival, there is no Ethereum, no XRP, not even any other crypto like Cardano and of course no Doge and no Shiba. It is all about Bitcoin Cash for the BTC maximalists. This is the threat and they will keep price of BCH down as it is the only remaining argument they have about success and failure.
It is the only narrative for Bitcoin-BTC the price is moving higher so it is all successful and working perfectly. While the network is dying a slow death and bad actors in BTC are exploiting those entering with lies and hypocrisy.
I've honestly haven't met anywhere else in any other area, any other field of finance, so many terrible people gathered together and acting with such hatred and spite, with such anger and no arguments, with such pathetic mob attitude, that covers their incompetence and lack of ideals. These sell outs are just acting like scammers shouting to those that caught them stealing money.
Nothing beyond that. I see very few in Bitcoin today that are not scoundrels. Dishonesty, rogue behaviors and lack of ethics is what the cult of BTC whales, maximalists, and all their puppets represent.
Finally
Bring It On - Keep the Shorting
Short BCH to zero, I will be glad to enter the exchanges and buy. Most investors will keep buying at levels that are inconsistent to BCH developments. This is not a private company that will run out of money the lower you bring it.
It only creates new opportunities for the ten thousand investors that understand this potential to be in Bitcoin (BCH) at this time and date.
Cause you see, the recent price irregularity, has created many concerns, and gave us a chance to accumulate. See, there are investors that love what you are doing and in a few years a new kind of crypto whales will appear. Thousands of BCH millionaire whales. And we will thank the BTC maniac whale and the exchanges allowing naked shorting practice for making us a BCH millionaire.
Rare to see such stupidity, but should be expected since these are the idiotic whales that accidentally made a fortune by just hodling BTC . These stupid funds will get the rekt days they deserve and will be the ones buying back in Bitcoin Cash once the tide turns, the naked shorts are exposed and squeezed.
The day will come, Bitcoin Cash price could even reach higher than Bitcoin-BTC when a short squeeze takes place.
Then, we will be the lucky ones that bought BCH early and we will be the ones deciding.
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 https://read.cash/@annayks/lets-discover-the-top-6-dex-on-smartbch-fbde4feb
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.
Bitcoin Cash An Inflation Hedge That Works
I have discussed this topic recently and it is a hot potato always.
Even the vaccine supporters can't deny the media coordination in spreading fear, something visible especially with what is now described to be the Omicron variant of the virus.
I wrote about this when Omicron was out, and the media in a frenzy were spreading panic. If we take the official data as plausible, then Omicron as many expected was mostly panic for a rate of fatality lower than the flue.
The vaccines are important for our health, there are just a few conspiracy theorists that deny this and probably should change their mind for other diseases. I can't say the same about Covid, the vaccines are lately considered to have side-effects the media was silencing all this time. But the side effects also affect small part of our population, just like Covid is dangerous for a small part in the beginning.
I can't claim to take the jab or not, this is personal, and I will not accuse anyone, however, when is there the real data available? Still years from now.
I think when I write this I carefully state what is the facts and not anything that we don't know already. What is the purpose with everything today, Omicron and the next variant that will follow?
The virus was immediately commercialized and makes us all consider who exactly profits from all of this, while the effects of spreading panic are arleady visible in almost all the weaker economies. I don't feel safe in the EU economy either and the euro doesn't seem stable either.
Bitcoin Cash has a limited supply, it is build this way by Satoshi to be sound money that doens't devalue over time. Holding part of our money (the national fiat) in cryptocurrencies and specifically in Bitcoin Cash is the best course of action.
As a person, we can't do much to change how an economy runs, but only watch it jump off a cliff (again). The best we can do is take this precaution to protect ourselves and our families, our loved ones, our friends and others that understand today the fiat risk.
The media and governments are competent in hiding the truth all at the expense of the people. They are good at covering their mistakes and manipulating the public opinion. What started as: "Two weeks experiment and back to business as usual, now turned into two full years of uncertainty, as new lockdowns apply.
Finally
I just heard from a pop in the news saying: "We are in danger mostly from the vaccinated, rather than the unvaccinated". True since the vaccinated are also carriers and this mistakenly was not explained by the media.
Clearly, we witness another fine mess even after we just entered the third year of the plague. Governments are tearing apart our constitutions violating every human right there is, and damaging our economies.
The damage done is beyond repair. It may take decades to recover the loss of wealth we suffered this two years. There is no plan for recovery either, it seems every government is just displaying an arrogant contempt for businesses and simply throws some fresh printed money that do not even cover the stable cost of operations.
At least we have crypto, so stick to it, stick to Bitcoin Cash and be part of the communities. If you are withdrawing into your fiat currency today (USD, EURO, PHP, NGN, without having immediate needs, better ask yourself what "shitcoin" exactly you are buying by selling your BCH.
Bitcoin Cash (BCH) For Beginners - How To Escape Bitcoin Maximalism
For anyone that is just starting the journey into crypto, they will first learn about Bitcoin, Ethereum, Binance, Coinbase, and then the quest begins.
The infinite crypto information a new person in crypto has to deal with is massive. It resembles a storm and the new user of crypto has to weather it.
If you are a beginner in crypto and just found this post accidentally, consider sticking and reading it, as you are about to learn how to navigate yourself within this storm.
I am not going to discuss everything about crypto, nobody can, unless they write a book. You are here anyway, because you searched for Bitcoin Cash, and somewhere a link to this Read.Cash writeup appeared. You thought, the title is fine so you plan to just take a look and pass some parts reaching to the part you wanted to find.
I give it to you since the prologue then, to save you some time:
**Bitcoin Cash is what you would expect from a cryptocurrency.**
Phase One: Realize the Lies
It is a cryptographic form of cash, it is money, and contains every characteristic money already has.
You would have expected bitcoin and ethereum to be have super fast transactions and cost nothing to send money around, right? WHO WOULDN'T?
This is the purpose, if money can't move fast it is worthless money. We need money to move in and out our wallets in a second or less. This is how the world works.
You probably don't even believe yet Bitcoin and Ethereum are not fast. You try to understand why and what happened. Feeling confused as you've been told this is the new money that is used so much on the internet for commerce, even you've read how Bitcoin is used in the dark web.
How can this shit be slow? You don't buy it, you think this is temporary and will get a fix.
It is the actions and inaction of the developers that created a mess and now left Bitcoin blockchain to rot. It is a corpse now, because the developers that did not want to upgrade the network made it so.
If you invest in Bitcoin (which is the BTC ticker) it is like you are investing in nothing. You just paid for a ticket in narrative land.
Have you read between the lines of all the fairy tales the media feeds you? Look at CNBC and beyond, they don't even understand any part of this technology, but they speak like professional developers, claiming it is the best thing ever.
If you manage to successfully recognize the illussion the mainstream is feeding you, then you are good to go. If you don't make it, but you already quit reading this, and calling bullshit on me, well, then you are already gone and you are beyond help.
Step 2: What happened
I can't explain this all of it. I don't even know half of what happened. Certainly most wanted Bitcoin to upgrade the code and have a network that can accept more people in, not push them away.
The network of Bitcoin was amazing but as any network that gets more users fast, it needs upgrades to perform better.
BUT, this was not going to happen and there was a kind of civil war, with threats and Satoshi suddenly appearing, somehow, for both sides with different names and supporting different block size.
What you need to know is this:
Bitcoin stayed as it was without an upgrade that could help it reach mass adoption. The reasons and everything that happened is dispersed today in the furthest reaches of the internet.
Bitcoin forked in 2017 and the one side was the Bitcoin you bought (probably), while the developers and community that were in favor of mass adoption followed the way of Bitcoin Cash.
This is Bitcoin Cash today. It is Bitcoin, it has the same code with the upgrade that was required to achieve mass adoption. This upgrade is the block size that is now 32MB on Bitcoin Cash.
This was all you need to know. Bitcoin is slow and expensive to use, Bitcoin Cash is super fast and very cheap.
These metrics is the difference, since in about everything else it is the same coins.
For anyone outside crypto, this is not even supposed to be an argument. Who would ever care for a slow and expensive to use means of exchange (currency).
Phase 3: Deception
The internet is filled with imposters having their interests in creating problems just because they think this way they profit, or feed their ego, or it is just the nature of some individuals to be destructive and they can only bring chaos and trouble around them.
These are also the trolls on the internet that have done nothing else but waste the time of those trying to produce something that can actually help our life.
Bitcoin somehow has attracted all of them and uses them to constantly attack Bitcoin Cash. This pack of internet accounts goes by various names:
Bitcoin maximalists
Bitcoin cult
Bitcoin mob
Most of them are lurking and waiting to attack those that express an opinion different to what is the current fairy tale they are selling.
It is not just snake oil salesman out there, but also a furious mob charging against any person that tries to expose the lies of statements.
This misinformation targets Bitcoin Cash with very aggressive tone and language used. It starts from the devs of Bitcoin Core themselves, hanging out on Reddit and spamming relentlessly.
What you need to know:
They offend the Bitcoin Cash users, but will always mention the price difference, as it has anything to do with the network differences.
They simply have nothing. This is why they are furious with Bitcoin Cash. The mindset of certain people can't easily change. I've talked about IQ previously, which I'd rather not, but this is a based example of how easy it is for the 120IQ to manipulate the 100IQ and lower. It has to do with the upbringing, and how to behave to other human beings. These guys simply don't have any quality as human beings, they are pathetic, they are those you don't even answer the phone when they call and try to push away from you.
It is psychological warfare with the BTC pack of wolves. They are vultures preying on the weak and this case is the beginners that have very little experience with crypto.
Phase 4: Find Reason
This is Bitcoin Cash. It is not perfect. The developers are intelligent but they are not cunning. They don't try to sell snake oil to a clueless passer-by. We use Bitcoin Cash every single day. When was the last time you used the Bitcoin you bought to buy a thing?
We promote fair use of cryptocurrency and are not blind to tell the world it is only Bitcoin and nothing else. We use many cryptos and we find good use for those that we can use.
We like Dash too, what can we say that it doesn't work? It does work. We used to love Dogecoin and many still do love it as a meme. But this was the purpose of Doge a meme, it didn't plan to revolutionize transactions and payments.
Bitcoin Cash is the hope you lost when you found Bitcoin is not working. Probably some told you already this was just about making more money. If the dollar is the money you want, then you can easily become another of those BTC mob of maniacs that infest the internet.
This about changing money, not selling to the next idiot that bought after you.
Finally
Be a nice guy, no matter if you choose to keep your bags of BTC and never move them out of an exchange.
Do you think you are convincing anyone with an confrontational behaviour? Do what you have to do but make the world a better place.
If you are in crypto to make money do that, I love money, I don't ever deny it. I just love having better money than what we have today.
Money is a method of becoming better individuals when we use them the right way.
If we have money but can't use it (Bitcoin, Ethereum) what is this about?
Make The SmartBCH Projects Work Properly and Big Investors Will Join
Make everything working first, make everything better, and the investors will join. But make it all working correctly, please. Any page that loads in minutes instead of seconds is making us lose investors that just wanted to take a peek.
SmartBCH allows enough time for all to keep developing and it doesn't need to be all released without having it finished first, so make every website perfect.
The new websites and projects should aim for a perfect user experience, and not make cuts to release a product early in the market just to profit from hype. DeFi platforms are usually a forked from other successful DEXes but this is not the only approach. It doesn't mean DeFi is the only thing we have in smartBCH. NFTs are lately growing fast, we have seen some that have a good feeling and offer profitable investment.
SmartBCH is a new platform and many developers test their skills but maybe when there is too much at stake, like the whole NFT market, they should be looking forward to perfect their websites.
Bad Experience Makes SmartBCH Lose Investors
This is about OASIS. I don't know how much difficult programming is, and what kind of programming knowledge is involved that I do not possess. I understand how a website should be as a user, and if I find an experience I don't want to live again, I won't go back.
OpenSea is also loading slowly, but it always loads and can take a few seconds more. Investors will wait as much as just a few seconds, but when they see a page not loading, they are gone. Nobody has to refresh the page countless times and wait for minutes before it loads.
I am confident the team behind OASIS understands the problem and how it puts off new investors that join SmartBCH to check the NFT marketplace it offers. I also have confidence in the developers skills so they can adjust some settings, perhaps resolve any conflict with nodes and solve this riddle. Because, I talked about OASIS to friends that invest in NFTs, and they had this bad experience.
These potential investors found themselves in a mess with pages unresponsive and taking a minute to load. I had to ask them to refresh and refresh again until the listed collections loaded.
Was no wonderful experience and felt compelled to explain this is a phase where some delays occassionally may happen, and the development is constant, the sites are creating high volumes and traffic and anything else that I could think of might have been happening to slow down the website so much.
SmartBCH is losing when the devs that have arleady being funded with hundreds of BCH with the sale of their NFT, can't bring this under control.
We need stable platforms, if you can't handle it ask or pay someone to fix it.
Finally
In my business I had no patience for error, I had solutions ready for every major event that could disrupt the network. A backup plan and a de-escalation plan. Nobody can plan anything that can go wrong, but you need to have the network up and running without any major issues that disrupt the experience of your customers.
Very sad to see there was negative experience and the patience the users of SmartBCH have shown is exhausted. Maybe this was too much to be expecting since the background was just a meme token.
Just, make the thing working, or someone make a better one. It will be a pity to delay the NFTs in smartBCH when DeFi is doing amazing alright.
SmartBCH Saved My Portfolio
SmartBCH has taken over and gifting us BCH. I have made plenty already and it covers for the BCH price action that kept dropping. I wasn't expecting to see so much profit from smartBCH, but I know that everyone not in smartBCH already is not utilizing one of the rare chances crypto is offering.
When I am confident on a cryptocurrency I invest a lot and also give the investing advice and explain my reasoning. With Bitcoin Cash I was confident, and still think it will bring us results sooner than many think it will.
But, I can tell with 100% certainty, SmartBCH gave me ROI I did not expect. I have to point this opportunity to everyone.
I don't know anyone in smartBCH today losing money, and the success is beyond what everyone can imagine.
SmartBCH saved my crypto investment
It is only five months we use smartBCH, and I could evaluate it today at $ 5Bn, with an outlook of 50 billion dollar for the next three years.
As investor, I never have feelings but try to make the best choice. Bitcoin Cash is not just an investment to make more money, but achieves to give us a vision. What we want to choose and how to proceed when a decision point comes.
Some will tell that I've lost money (dollar) buying BCH and watch it dropping. I did not lose anything. The last two months I covered all losses from BCH price drop from smartBCH DeFi.
For the last two months, my BCH investment wasn't just sustained, but profited in the end with smartBCH DeFi. And I didn't have to risk with any shady website, but used those that I presented yesterday.
Read my previous post to learn the DEXs and start investing in Defi smartBCH:
Discover the top-6 DEX on SmartBCH https://read.cash/@annayks/lets-discover-the-top-6-dex-on-smartbch-fbde4feb
Also my previous read.cash post explaining what impermament loss is and how we profit from DeFi.
Impermament Loss Explanation https://read.cash/@annayks/defi-lessons-impermament-loss-explanation-and-calculation-236736fe
I can't even calculate the profit when price of BCH starts rising, anyway, I profited and while BCH went down 50%, my investment in BCH (and everything in smartBCH) was up. Not just I did not lose any money speaking in dollar terms, but I also doubled my BCH using smartBCH.
Finally
Beginners often look for opportunities but instead of profiting, they end up buying the top of a parabolic price rally of a random token at Binance.
Ethereum offers DeFi and NFTs, yet, the fees and prices today increase the risk to a point making it inaccessible to most and impossible to find a decent entry point.
SmartBCH, offers an incredible opportunity with 6 DEXes and multiple NFT collections selling out immediately, profiting the investors.
Read this proverb somewhere and I didn't know it, but it seems this is very popular:
The early bird catches the best worm
I don't know if this is English or something else, but I found it to be fitting perfectly in these opportunities smartBCH offers to us. Be an early bird, take a reasonable risk and be the first to get the best rewards.
Is The Bottom In For Bitcoin Cash?
Precisely. The market finally found life signs! Yet, BCH lost again too much within this downtrend and we are now even worse against BTC than when this drop started.
Why is this happening you wonder? I also have a similar question, since in fact Bitcoin Cash today is looking perfect in everything.
There is no inside fighting, at least there is not too much to cause another split. And to tell you the truth, I feel some that left, want to come back.
You guys that work to develop and bring a better future for Bitcoin Cash, extend a hand of friendship to those inside BSV that find currently the issues they have to deal with, and have lost faith to Craig and his coin.
Some have been mislead, this is clear, they didn't understand what can happen and how bad the deal could get, but they understand now.
Where is BSV today?
In the mud. Nowhere. It has no future, either. I don't like to be mean and I know I am now. But this is reality. Bitcoin Cash is also in trouble, but not as much as BSV.
A coin that suffered 51% attacks this year and a 100 block reorg wiping more than 500,000 transactions and required centralized intervention to limit the damage.
BSV has some people that can help Bitcoin Cash. I don't think everyone that followed Craig Wright burned down the bridges to BCH, but I feel there are many that could come back and be of assistance to us and to themselves.
But, I can't tell really, I dont have this knowledge on the people of BSV and its community. I know it has some interesting and highly intellectual individuals that may be now fed up with the latest poor results, or the temperament of the BSV leadership.
Maybe with smartBCH, some devs can execute and unwind their wonderful ideas that didn't find application in BSV.
Anyway, as an investor I find better odds in BCH rather than BSV today. Also, I wrote the same in the past about BCH ABC, and as I understand it was many that left but also not in bad terms, or at least not by burning down all the bridges.
Maybe it was some broken promises or some felt they could do better with different situations, I still hope to see some of them back, because Bitcoin Cash will need the intelligence and the skills they have.
I have read some post that were not just simple mercenaries but thinking people that wanted Bitcoin Cash to succeed, without negativity or lack of principles. I can not tell the same about someone that thinks or perhaps already left recently.
Can We Become Bitcoin Cash Whales?
Bitcoin Cash will find its way, and succeed in this market by attracting more users in its network, and it will keep becoming the money for the people, the cryptocurrency that we use.
I invest in this part, in the future that is digital and will punish the arrogance of BTC development for blocking access to decentralized cash to the world.
Bitcoin Cash has achieved more than BTC and deserves to be called Bitcoin. Maybe if price keeps dropping in centralized exchanges and Binance keeps manipulating, we will become whales ourselves. 1000BCH seems far today, but if price keeps dropping I will keep buying more, so maybe there is a chance for many of us to become Bitcoin Cash whales.
Let's Discover The Top-6 DEX on SmartBCH!
SmartBCH is taking the crypto world by storm and advancing into the modern DeFi age, one that is not only an opportunity for just a few that have enough to counter the fees of Ethereum, but offered to everyone.
We can begin DeFi with only a few dollars and a dream. It is not impossible to make a big profit. I did it, others also did it, so you can also join the SmartBCH platform today and profit by farming yield.
SmartBCH started in September with one only DEX, Benswap, but it profoundly attracted massive funding and during this time we watched at least one DEX launching every month!
SmartBCH offers today gems as DEXes and we will look into them more, right now.
All the DEX in SmartBCH
1: MistSwap
No, I am not wrong. MistSwap DEX is very close and it is days away from becoming the top DEX in smartBCH in terms of volumes, and I have had the best experience from MistSwap so far, so justifiably it belongs to the first place.
@kasumi the anon developer also deserves praise for his work and consistency.
This exchange is a fork of SushiSwap, a DEX in Ethereum, and when it was launched it had no presales for the MIST token. It is one exchanges that brings developments that have an impact in smartBCH, such as the MistSwap Analytics page, and the Mist Lending option that is under development and is awaited with eagerness by the smartBCH DeFi fans.
A worthwhile mention is that MistSwap was audited by Certik that cleared out many doubts and also gave a better image to this DEX.
**Useful Links:**
Exchange: Mistswap https://app.mistwap.fi/
DEX Analytics: https://analytics.mistswap.fi/
Telegram: t.me/MistSwapOfficial https://t.me/MistSwapOfficial
Twitter: https://twitter.com/mistswapdex
2: BenSwap
One of the first projects on SmartBCH, is the BenSwap DEX. It is running since September and also brought token EBEN used with the DEX for governance and farm rewards.
It has 40% of the volumes on SmartBCH today, yet previously it was benefiting by higher adoption, yet, since the competition increases dominance is expected to keep dropping.
One of the finext decentralized exchanges that offers everything, and with a last addition the token creation kit, that allows everyone with just a few Eben for fees to create the token of our dreams.
BenSwap also offers charts (chartpro service) for the SEP20 tokens of smartBCH with volumes and liquidity included.
BenSwap, as with, MistSwap was successful to pass the Certik audit.
**Useful Links:**
Exchange: BenSwap https://BenSwap.cash
Chartpro: https://chartpro.benswap.cash
Telegram: t.me/bentokenfinance https://t.me/bentokenfinance
Twitter: https://twitter.com/BenTokenFinanc1
3: TangoSwap
Let's Tango! The guys from Argentina brought us this surprise and made it to a significant volume share in the smartBCH network! I love TangoSwap and also professed my love for the KTH and ARG tokens, so I am biased in this, for me Tango is the best DEX, that offers extreme farming interest rates for a while, unlike any others we haven't seen in DeFi for a year or so!
I have utmost respect and offer my congratulations to the developers @Fernando and @IanBlas for making this possible.
Tango is now the 3rd DEX in smartBCH and has an incredible future. With the Latin American colour Tango brings to smartBCH it can quickly grow more and reach higher market share.
It is also developing and in a matter of days (or hours?) it will deliver the promised DEX aggregator, an innovative technology that will be quickly finding the best prices when selling or buying in all the smartBCH DEXs!
**Useful Links:**
Exchange: TangoSwap https://tangoswap.cash/
Telegram: t.me/tangoswapcash https://t.me/tangoswapcash
Twitter: https://twitter.com/TangoSwapCash
Listing Form: https://forms.gle/e49KQSbp1ptkWCee8
4: 1BCH
1BCH is one of the recent DEXs and is very promising but still trying to find its steps in the smartBCH universe. I hold high hopes and often try to be involved as much as my time and funds allow it, since it still has some of the best rates in yield.
It is in a phase of getting everything better, and is a DEX that everyone should visit and take a look at the offers in the farms.
Just today, I find a farm offering FlexUSD-BCH at a 118% APR. So, probably DeFi investors shouldn't just skip the low volume DEXs, especially this one that is one of the most promising.
1BCH also offers splinkers for auto or manual rBCH staking, and offering something like a faucet, just by visiting you can claim a few rBCH tokens.
**Useful Links:**
Exchange: 1BCH https://1bch.com/
Telegram (English): https://t.me/DeFi1BCHEnglish
Telegram (Chinese): https://t.me/DeFi1BCHChinese
Twitter: https://twitter.com/1BCHOfficial
5: MuesliSwap
This is the second DEX, it was launched a few weeks after Benswap and had for a while very high volumes, but lately the competition didn't do justice to Muesli. Volumes were lower as investors jumped into MistSwap and Tango. Also Muesli was planning its launch on Cardano, and we also wait for this, just to have a comparison of volumes between the two platforms.
It seems Muesli is just running on smartBCH today but will not develop and not supportive of this network. I've often discussed this DEX (since its launch) and was never confident it will succeed. But, there is still time, and maybe it can start offering a real service for smartBCH instead of having it as a stepping stone to gain experience and move to what the devs think has better odds. It is doubtful if Cardano will be a better place. It wasn't a clear rug, but the price drop of MILK made many investors in Cardano thinking if this will be the same when it launches there.
Muesli offered high rates in the beginning but the price of its token dropped so fast that made many lose money from all of its farms. If there is one failure in smartBCH today, this is Muesli.
Also, Muesli was audited by TechRate, that is considered low quality audit firm, that does give a verification to all projects that pay the demanded fee. TechRate has been used by many scams before and this audit should not be considered important as an audit.
Exchange: MuesliSwap http://muesli.cash/
Telegram: https://t.me/muesliswap_dex
Twitter: https://twitter.com/MuesliSwapTeam
6: Tropical Finance
There have been concerns about Tropical Finance, especially after the community of SmartBCH suffered previously by a major rug called BeachSwap.
Now, there are some videos and some shills that created a good image, and explain how they make 2,000 daily with their 100k investment.
We witnessed unprofessional behaviour that was giving a negative impression and this doesn't change now or later. Being aggressive on the smartBCH official channels and admins is not very professional.
Some high yields in the beginning and promotional content I've read and watched didn't convince me to risk my money in Tropical Finance.
Maybe to those that supported Tropical so much, they should also know we know they are getting paid to do so, it was another reason to dislike this exchange and its processes.
The exchange also has some NFTs for sale or for marketing purposes created and offers them for an extremely high price at OASIS.
Exchange: Tropical Finance https://app.tropical.finance/
As far as I'm concerned and with all my experience I am glad we have better DEXs already and considering risk, I would prefer BenSwap, Tango, 1BCH and MistSwap.
4 out of 6 is not bad.
Finally
That's all folks. Got nothing else but explained all 6 DEX which are the best and which don't seem to be working for me. This is a personal analysis of the decentralized marketplace and as I did with Muesli in the beginning, I'm not afraid to express my concerns.
I'm also not afraid to express my support to the most promising DEXs. I hope that you found here a different review of the smartBCH DEXs, a "no-bullshit" one, that I feel was missing so far.
(Any Images I use are under a creative commons licence)
The IQ of A Scammer Dev
Many speculators appeared out of nowhere in smartBCH lately.
Just because they are creating a token on smartBCH it doesn't mean everyone in the Bitcoin Cash community should be so happy and eager to promote them. Too many are just shady and only driven by profit in dollars while they still consider and discuss in terrible terms of Bitcoin Cash.
Consider it please before you instantly write with positive remarks about any new token or DEX or NFT that appears on smartBCH.
I don't have a problem with someone understanding their HUGE mistakes calling Bitcoin Cash with any names possible. Although I will not invest in a project that has nothing to give, no application, or having a team that hates Bitcoin Cash and just joined for a quick profit.
Mistakes happen and they've been brainwashed by the stupid cryptocurrency system that has bots telling real people what to think.
For now, I've seen many useless tokens that suddenly appear on smartBCH, probably minted from Ben Swap for just 2 EBEN by haters of Bitcoin Cash and demand our attention. Literally demand, though, like the smartBCH or Bitcoin Cash community is supposed to be some kind of government organization where citizens are submitting their complains. I've seen something like that from one new DEX, and a few new tokens.
There are more behaviors, this is not the only one that many begin to wonder how exactly some people operate in their life. We will examine this pattern on the next part.
When you support anyone, it is best to ask their real intentions, since I also love Ethereum devs to join, I just hate to see speculators that don't even care for Bitcoin Cash, stealing our Bitcoin Cash and dumping the price of my investment.
Let's Talk IQ.
The 120 IQ often thinks it runs the world overwhelmed by its supperiority to the average person having just 100IQ.
This is 15% of the population. This is mostly all you should despise. Arrogant and cocky individuals that understand only part of how everything works. Enough though, to make them feel they are better than all the rest.
Those a little above average intelligence may be a supervisor in your office, a person running his business successfully under certain given conditions, an average musician, a great athlete as sports don't demand any exceptional brain process, a typical cryptocurrency trader-streamer on YouTube (Tone Vays), or any other that is not exceptional at anything, but can handle better than the rest. Can be a coder too, a programmer that manages to write a good code, but not able for anything beyond that, one that can't bring something better than we already have.
Yet, there are also doctors, lawyers, deans, teachers, politicians, and any kind of highly important professionals that just have slightly more intelligence than the average.
They will also be cocky about their accomplishments, their wealth, their success, and anything you can imagine.
This is a case of thinking you are intelligent and you get out of line often. You think you are important and clever and nobody notices your bullshit.
But the 140IQ has already uncovered your lies, is already inside your brain and instantly analyzed it.
Also, the 140 IQ knows there is always higher intelligence out there. You don't. You are trapped in a bubble, thinking that forever you will be able to just talk your way out, cheat and convince with your lies the foolish ones that doesn't see through your deceiving words.
You will always be the idiot, though. To the gifted, you with the 120IQ, you are no different than the rest categories.
The above table should be a lesson from elementary school, so everyone knows their place in this world if we want it to become a better place and not a dystopia governed by imbeciles.
Why I wrote all this you wonder? How did I digressed so much from the topic?
I didn't.
Anytime you try to create a semi-scam token, your intentions are obvious to those with higher intelligence than you. You simply think you are clever and you will scam the Bitcoin Cash community with your foolish trap that could make you rich at the expense of others.
It is crystal clear what you do. And we don't even need to talk to you in person, we don't need to listen to the tone of your voice, or put your body expression to the test to know you are lying.
You may have a website created, but the purpose was a higher one, or it just appeared in the way to exploit it with a token and SmartBCH.
You probably thought SmartBCH is for you because you think 120 IQ means smart. Well, bad news for you. I've explained already, you think you are smart but you are not. In the land of the blind the one eyed man reigns, right? Well, we've got both our eyes open.
Finally
This part of the population is responsible for disaster only. Pity our societies don't give enough merit to the higher intelligence and don't understand how much beneficial it is to promote these people instead of putting everyone in the same level.
And this is not even communism levels of equality, whereas in communism higher intelligent individuals were respected and supported. The economic side of that system was a mess, not the one that supported progress.
SmartBCH will survive a few scams, but the numbers are lately increasing and makes it look like a joke when certain shady speculators overfilled with confidence from their 120IQ think the rest don't notice their bullshit.
Be simple and have a plan that doesn't require you to boost it with your confidence to succeed. I'm nearly not interested in the person at all when investing. This is for the noobs that buy whatever stupid joke coin Musk is talking about.
Bitcoin Cash is Success. Ethereum is The Disaster of Blockchain
Bitcoin Cash is the failure because its price is not matching Ethereum? Well I made 10 times more profit in just four months with SmartBCH than anything I've ever did before with Ethereum.
And I re-invest everything in Bitcoin Cash and smartBCH again. If this is a failure then I'm not sure what success will be when perhaps BCH price goes 10-20 times higher where it belongs.
We are dropping and we are losing money, and we also have Vitalik mocking our investment in Bitcoin Cash, calling us a failure.
Well, this is bad news Vitalik, Bitcoin Cash is so much of a failure that I will keep buying it for a long time.
Bitcoin Cash will be storming the place when it begins the big move and ignorant investors will be wondering why nobody told them about SmartBCH and why everyone was lying and filled with hate towards BCH.
Because when you have a competitor that is outperforming and making Vitalik's networks look so silly, he can only resort to his Twitter powers to defend Ethereum.
Keep it coming Vitalik and others. We will not miss you once the investors find Bitcoin Cash is 100 times better and flee the crawling chaos you offer instead.
Bitcoin Cash is a Failure
Wow! I never expected this from Vitalik.
This is my expression when I read the tweet and felt let down to read anything like that coming from this person. It only made me lose all my respect and admiration to this kid.
But it is no joke when we tell Ethereum is a failure. Vitalik doesn't have a magic wand to make Ethereum scalable, and can only pretend it is better than the rest under development still.
But let us take the side of the opposition and fight the fight according to what these popular guys have to say:
Bitcoin Cash is not used by anyone, has no network effect
Bitcoin Cash is a scam and transactions are fake
Bitcoin Cash failed because price didn't advance as BTC
The first two are a lie of course.
We can see if anyone is using Bitcoin Cash or not. Not wanting to go on the offense, so I will not ask who uses Ethereum or Bitcoin today, but will ask this:
What option do you want to use? One with $ 0.0012 median fees (weekly) or one BTC with $ 1 fees today and perhaps $ 100 when the network is used by more than just a handful of users. Do you feel great about yourself when you are spending $ 1 in fees while you could save this dollar instead of using BTC?
Who is using BTC? Nobody.
Ethereum with the fees it has in the last three years is mainly a joke and Vitalik should be ashamed of even bringing up a comparison. Once again he proven himself to be just another speculator, speculating and offering the minimum with Ethereum, which is also the maximum Ethereum can give.
Fees are often $ 100 with Ethereum. Who is using it? A few Ethereum whales but even them, feel there is no hope there. They staked their ETH and have to wait for years until ETH makes unstaking available.
Finally
The pyramid of Ethereum logo certainly symbolized its true intentions and logic. Now it is fear we see in the eyes of Vitalik that this pyramid will beging collapsing.
I wanted to have a relaxing time this holidays and wasn't possible. The state of mind of many that have grown in power with crypto is damaging to those around them. It is not helping anyone Vitalik coming out and claiming Bitcoin Cash failed.
It doesn't help Ethereum either as he may think, and it doesn't reassure the Ethereum followers that Ethereum is having a better approach.
SmartBCH had nobody talking about it all this time perhaps because the mind state of most in crypto is stuck into doing what they are told.
Funny how some mindless sheep investors get lucky sometimes, but in the end they lose it all.
With SmartBCH Defi and nfts I have profited many times more than anything I've tested with Ethereum for two years. The failure is Ethereum not Bitcoin Cash.
(All Images are from Unsplash and pixabay, with Creative Commons license)
Technology and Progress
The market decides when there is little to none manipulation and investors understand completely the value of an asset.
For smartBCH this small market we have had many irregularities since the beginning with the total value in the market for some reaching very high since the beginning, but gradually, or fastly declining soon after.
Every market is the same. There are promotional activities, communities, investors dedicated to their assets and holding tight for a lifetime.
Maybe it is best not to sell when there is inflation risk, although when this is combined with reduced economic activity then this is a serious flaw looking only in one indicator and missing the big issue that is progress.
The progress in technology and the advancements we will meet have no boundaries.
Technology will advance to an incredible point
There are two major factors that contribute and increase the wealth of our societies:
1) The increase of population.
2) Technology
The global population increase and its effect on progress in economic growth and economic activity is obvious, especially with the profound increase our race has witnessed since the previous century.
A hundred years ago the world's population was less than 2 billion, while today we are approaching if not passed 8 billion. In just 100 years, we are 6 billion humans more inhabiting the planet.
We may have reached today in a phase of our human evolution where technology will begin shaping our body and DNA. Basically, we discovered DNA, which is the most important scientific research so far and can contribute to reducing diseases and boosting our body and brain functions.
Research is moving rapidly lately, although some conditions within our economies are creating major setbacks, pushing us back a decade or two instead of moving forward.
For example, back in 2007, right before the big financial disaster there was major research on hologram technology. Yet, with the cutbacks in funding due to the collapse of the economy, research in this sector was stalled. We know for a fact that CEOs will cut funding in R&D thinking it will save the short term possibilities of the private companies.
Any economic disaster like the one in 2008 has an effect in the progress of our race. Sadly, the shortsighted executives are running the businesses under a short horizon of profitability. Investors demand profits immediately and punish private companies when they do not deliver.
As economic models we tested many, but all have been centralized behind one government either by voting it or by this government seizing power. We may be today ahead of a different model, one that will decide progress and remove the cost of government from the operational level.
A government is needed in societies that can't achieve independent thinking. Governments were formed to create better distribution of resources by allocating each individual into a certain task. This allotment is based on specialization that brings better results. People demanded to have a model and someone to lead them, without having to deal with everything.
This time the government is leading without anyone asking to. It is not a necessary evil anymore, it is not necessary and there are options.
Finally
Many felt at difficulties they needed guidance, and may often felt the government looks after all our needs and will intervene to protect us. If this was the case I would love all governments, but it is not.
Technology creates some interesting concepts and it all depends who and if anyone will be in control next. AI governance and perhaps the concepts of decentralized networks are not distant any longer, perhaps we will find some interesting developments in the next few decades.
Tests in AI governance have been performed and keep inproving, although they brought some interesting results for the unproductive percentange of the 1% controlling the wealth.
Didn't mention the part of this 1% that produces and helps humanity but the part of this 1% that doesn't provide equally as the rest to our societies and it is a big percentage of the 1%, with trillions of dollars wasted, sitting without offering anything in shady tropical Island-nation banks.
Stalling progress is in the interests of those funds, their fund managers, and those paid well to keep such progress at unpopular state, cut funding and stall anything that threatens them.
When Lambo? Do SEP20 Tokens Stand A Chance?
I am calling it now, smartBCH will buy me a Lambo in 2022!
Well, let's just say, a used lambo, about $100K!
And this post is not about me bragging how close I am to buying a Lambo, but to how far we are from having anything close to profit by investing in the current tokens in smartBCH.
We only have a few that have something to show but many that are not meeting any kind of quality assurances we expected.
So to cut this short from the beginning, there won't be a lambo. There should be more criticism and less hype, and no support to pump and dumpers that even have some groups and offer this service to new tokens for payment.
So a Lambo means 100k in this case. How to make it? This is by buying today $1000 and betting on the horse that wins! Not exactly.
We have many investments in smartBCH and for many of us it is already more than $1,000 which is about 2BCH. Not much of risk to begin.
So, which of the smartBCH tokens have the ability to make us 100 times our investment?
I will not present the list of what we need a token to have to make it to 100x for our investment:
Fixed Supply
Without fixed supply we don't go anywhere, so I do not select tokens that have increasing supply and the founder keeps adding or even has the option to add. How do we know they can't add, well, it is not clear to me, I have limited knowledge on reading the smart contract and at this point perhaps a token audit has importance.
I don't like talking in negative approach about the tokens we have today, but I have seen the Konra founder increasing the supply slowly and I do not understand why. From 1000 tokens to 1100 that's a 10% supply increase. I do not like this and find no reason to.
Then we have the tokens from DEXs that are inflating, this is their purpose too, so perhaps they are justifying it by just having copied the Uniswap model and the rest of LP system. I do not judge the governance tokens but feel these tokens will only have a good chance if there is a huge increase in volumes and money that enters smartBCH.
I think the potential in Mist to increase in volumes is there, and while I don't find MIST as a token to reach 100 times higher, the purpose of MIST is to take profit from the DEX, not from the token. The same is with the rest DEX tokens, although, this is my opinion. I do not like increasing supply.
Celery also increases, but it has a good idea backing it, and it is supposed to be staked when bought. A different approach here, since it has some mechanisms to prevent dump calling it antidump. Should look more into this.
Not buying deflation tokens either
Don't like them as they don't have something to offer but their purpose is just to speculate having nothing else backing them. I see no potential in Volcano or Incinerate, and another one I think it is called FlameDAO or something like that. Come back when you offer something we can explain to the rest besides just burning tokens for no reason.
Not buying NFT tokens.
You made the NFTs, why you also need a token? There is one exception here, with LAW since it has also added DeFi in the website and combines it perfectly with the NFTs that now are also giving the option to stake and receive LAW.
LAW is also at a fixed supply, although, I still have not confirmed this 100%, if anyone knows anything more please comment about LAW and its supply.
It seems marketcap.cash has the LAW supply as fixed at 21,000,000 tokens so I'm taking this for granted. But as I previously explained I can't read the code and perhaps there is this option ON for any token, unless there is an audit by other developers.
So the NFT tokens I'm not going to buy are plenty. POT, FATCAT, Xolos and some more I can't remember. If I find an NFT worth of buying from these projects I will look more, but only in the NFT part, since they do not offer anything exciting. See how lawpunks worked and have this as a model.
But I am buying ORB because it is not only an NFT but also a game, where ORB can be used in the Sphere blockchain game. It is not ready but has two positives:
-Quality NFTs
-Game development
Probably the game will not be a super production, but if it has some nice mechanics it can be the first smartBCH blockchain game with some success as we have nothing yet there.
Not buying SLP tokens and tokens that release more tokens with different names
Well, this is far too many and we have seen Konra releasing another token, we have seen some connections between previous SLP tokens that appeared also on smartBCH, as Lightning, Vandals, another one called MGot that probably was a rug pull. Also I made a good bet previously with ShibaBCH but I sold and not interested in it anymore. I wrote about Moon and it is now higher, but I also sold this, at least CL was honest about it since the beginning.
The SLP tokens that migrated to smartBCH are too many and don't like most of them. Maybe Honk, only. ORB is also SLP token, but this is an exception, I have to see the game first and if it has possibility to succeed I will support.
GoCrypto is one that has a clear model, a clear use case, and explains perfectly it has fixed supply, with a bridge that transfers tokens between any blockchain it is active.
This one, GOC, is the best bet we can make. It has 21 million USD market cap, and fixed supply. I can't see anything better than GOC and this should become the model for anything else release on smartBCH. A token by a project that supports adoption of crypto for years and has helped Bitcoin Cash in various ways.
Finally
The projects I expect to shine or have hopes for are:
**Gocrypto, Law, ORB, Mist, Celery, BCHPad, FlexCoin and DAO.**
Just 8 tokens out of around 60.
I don't have anything else I like from what I see today and basically GoCrypto is far ahead from anything else right now, with ORB and LAW perhaps reaching closer than any other.
Maybe some memes too with Cats and Honk entering this list, but with reallocation to anything looking better later.
Not great, but not too bad either. I have seen worse in EOS, Matic, Tron and other blockchains. So until there is something better as a token that appears, I will discuss less the tokens at smartBCH, more the investing part, DeFi and will use some of the above for liquidity and LP staking.
(all images are from unsplash)
Bitcoin Maxis Just Love Their Fiat (USD, EUR, AUD, ...)
Developments are underway for Bitcoin Cash and the upgrade in May will offer some interesting changes (native introspection and bigger script integers) to support smart contracts on the blockchain and make the development of applications on top of Bitcoin Cash easier.
This is the software upgrade and the core developers upgrade, next to this, we also have developments on smartBCH with SHAGate and decentralization.
As I said in a previous post, these are some important developments, that if happened on Cardano instead of Bitcoin Cash the Cardano investors would have smashed their keyboards spamming thousands of messages everywhere about the superiority of Cardano and Charles would be live interviewed by CNN for his incredible coding skills and omnipotence.
Bitcoin Cash price is still struggling and if this was developments in the Cardano network, the price would be making so much noise attracting every pleb investor putting their life savings on it.
The Fiat Maximalists - BTC Crowd
There are still so many investing ignorant of the cryptocurrency they bought, without ever having used or downloaded any software besides the exchange they bought this crypto.
Criticism towards Bitcoin Cash is mostly coming from the most insignificant plebs, those that think they have something to say but no essence other than denouncing development. These fools only listen to other fools that reproduce some crazy ideas about Bitcoin Cash but do not even want to see the pithole they are in today.
Barely they respond with a case, usually the only case is about the price difference between Bitcoin Cash and Bitcoin but they tend to overlook all advantages of Bitcoin Cash.
Most of them are lying about their intentions, I would have no problem to interact with anyone having studied and believing in the technology of BTC, even if this is LN, which seems to be too centralized. I would listen to anyone that did not just had personal interest of selling for more dollars when price reaches the targets of these Bitcoin holders.
It is not difficult to recognize these people have dreams of wealth, but this wealth is based on USD.
Bitcoin maximalists love their fiat currencies, either this is USD, CAD, EURO, AUD, or any other government issued form of money. A few admit this and just trade to make more fiat. Most of them, will just hide behind the narratives, accuse the FED and Central Bank, promote El Salvador as progressive nation accepting cryptocurrency as cash, but will only care for BTC and how every event can create better chances for a pump.
Having read, asked and discussed with BTC maximalists in the past, they were always in BTC for the fiat money. Not to make BTC a payment network massively adopted as a mainstream decentralized P2P electronic money form, but as an instrument of speculation.
They glorify the fiat value of BTC but disregard the flaws and mistakes made by its development that stopped its progress.
The only reason anyone is in Bitcoin today is for the fiat. More fiat is better. The Bitcoin maximalists are just in love with more fiat instead of looking at BTC and making a decision that it is not a working network that can keep going for longer than another decade without everyone completely abandoning it.
Finally
Let's just say you are not a Bitcoin maximalist but you just enter the world of cryptocurrency today, and you are not driven by profit, but you are genuinly interested in this technology, because you find it to be revolutionary and you have read somewhere that crypto is the future of finance.
There are all these options for you, and you just want to test some of the top. You grab a few BTC but the fees to transact are too damn high. You grab a few ETH, but as you start reading you find the fees even higher.
You read that Musk is a Dogefather and buy some Doge, but you later learn that Dogecoin is mined by Litecoin pools and maybe this happens to protect a network that is weak otherwise. Maybe Doge is not that decentralized but also is slow and has some fees that you thought you should not be paying. They told you it is cheap but 60 cents is considerable.
Then you grab some BSC, SOL, ADA, Matic, XRP, XLM, you just find that each one is centralized within the foundations created by private entities as Cardano Foundation, Stellar foundation and all the rest. Maybe you find out after a while that some networks can even shut down for a few days, just because they couldn't handle traffic!
Then you look again at the market and find stable coins. USDT, USDC, UST, whatever else there is. And you think, this is great, but again after a while you learn these are all centralized because the smart contract coding allows the dev (founders) with access to block funds inside a wallet! And you think, why should I use a crypto bank instead of my own one. If someone can freeze funds, then this is too risky if this is someone under investigation by financial authorities (Tether, USDC).
And after weeks or months of researching, (if anyone has not yet quit and exit crypto) you find Bitcoin Cash.
Which is the cryptocurrency as you expected it to be. No third parties, no pre-requirements, no bullshit narratives. Money for the world.
Now all this is the adventure of any newcomer as researcher/investor in Crypto today. It takes months but when they find Bitcoin Cash.
If someone is not in crypto about fiat, then they keep looking and find Bitcoin Cash.
Those that worship the dollar and don't give a damn about their financial freedom or the technology and the impact on finance, they come and go, like a quick gamble on a roulette table.
But as just they worship fiat, they will be on the Bitcoin Cash side once the investors wake up and stop being sheep.
(All images are Creative commons licenced with no attribution required)
DeFi Lessons: Impermament Loss Explanation And Calculation
You may have heard of impermament loss since it is in the mouth of every farmer on smartBCH DeFi.
And while it is a trending term that often reproduced without an explanation, everyone makes a conclussion and understands this as losing money because prices dropped. Not exactly right as we will see in this review of a very useful tool for DeFi yield farmers.
I got to begin with the Llama on the image used to present this topic first! I simply love Llamas and find them to be really cute, also it is connected with the DeFiLlama website that gives a boost to smartBCH having added our 5 DEXs since a few months ago, and giving the TVL statistics that help Defi investors select new platforms and explore new DeFi worlds and opportunities. https://defillama.com/chain/smartBCH
Impermament loss
When we add liquidity we need holding both pairs of the pool we select. When staking we just lock our tokens in a program that gives us either fixed or variable interest, usuall the second, but we don't provide these tokens to the liquidity of the exchange.
Only when we use LPs we put our tokens in use for the exchange and get rewards in terms of APR. A pool should never be depleted as if this event occurs then we will have many problems and will not be able to withdraw until new liquidity enters.
The impermament loss is not realized loss. It only appears as a loss when we withdraw the LPs. Impermament loss means after we withdraw from the liquidity pool, we now have less value in our tokens, than what we would have if we just held them in our wallets and not provide liquidity.
So, this is not about just the price drop, even if prices go higher, we will profit less than just holding.
Making user we understand this. Impermament loss is always going to happen, unless we manage to withdraw liquidity and price of both tokens we used are the same as the time we provided liquidity.
Just saying this is a standard practice in DeFi, everyone suffers impermament loss due to the system of realocating our liquidity.
Why do we risk providing liquidity then?
DEXs give back APR in most cases in native tokens, and we expect to make more from the tokens to cover the loss of profit.
High APRs are usually found in volatile tokens. The most recommended are tokens with less volatility, since we don't buy a token for its price explosion but for the ability to make a great APR reward in exchange tokens and achieve profit.
The calculator from dailydefi.org can be used to estimate our current impermament loss and find out if our strategy is working. https://dailydefi.org/tools/impermanent-loss-calculator/
In this example the impermament loss will be 5.72%.
Explanation is given and we understand exactly how impermament loss works.
The main fact one needs to understand is impermament loss is always going to happen. It will be very rare to find both prices of the assets provided as liquidity to have the same price. And in case prices of the assets are higher you have a profit from the rise of valuation, so it will not make sense to wait for lower prices to sell.
Impermament loss is mostly considered when prices drop, so at that point the loss will be even worse than when just holding the two tokens. In this case, you only lose money when you sell (realize losses).
What we need is having profit from the APR of the LP give us enough tokens to cover for the impermament loss. This will make our DeFi investment profitable.
Finally
This post contains some details on impermament loss and more can be found in this links from bybit and this one by James Bachini. I tried to explain it plain and simple in an approach I would like to have this presented, instead of all those I kept reading and listening that did not exactly understood themselves what the term impermament loss meant. https://learn.bybit.com/defi/what-is-impermanent-loss/ https://jamesbachini.com/impermanent-loss/
Back to smartBCH again, I am telling you that TVL (in USD) for smartBCH will explode. It is stuck at a top of $ 36 million for all December, just because the price of BCH is down, but either way it will keep increasing. Honestly, I see today no reason for BCH price to keep dropping since smartBCH keeps increasing in size. All the traders I've discussed and pointed to all the data for Bitcoin Cash with smartBCH combined, they are surprised price of BCH is still dropping and hasn't doubled yet.
It will be massive and we will witness 50% daily green candles at some point, when the smartBCH time begins, but notice that it may take a longer time than what we expected. No matter what the market will do, BCH is today the safest investment, one that will negate any kind of bear market and begin acting indepedent to the Bitcoin's price actions.
When this is over, Bitcoin Cash will be back to a better position but I'm telling you know, the market will be more mature towards it and there will be a shift from BTC towards Bitcoin Cash that will shift the balance. Even more, I fortell that time for Ethereum to reach the first place in crypto is closer. Bitcoin Cash will begin the push and together with Ethereum will end the Bitcoin BTC supremacy in market cap.
Bitcoin Cash Needs Marketing As Today it Has None
Let's start with the negatives of 2021. Price of Bitcoin Cash failed us? It is up at about 90% but the failure was it didn't attract the expected demand. Was this demand expected? No, it wasn't. BCH is nowhere to be found. There is no advertising and very few discussions about it, cloistered in the realms of Read and Noise.cash, and the Reddit community.
The market decided Bitcoin Cash price without marketing is this. The distance from BTC when we compare price is humongous.
Bitcoin Cash did not trend and so was smartBCH.
I point this here in the introduction as most will only read until this point.
If Cardano had a development of the magnitude of smartBCH, it would be all over the news without ever developing it. Why can't we have not Cardano's marketing but a decent marketing that promotes with an average announcement this kind of news and developments.
Cardano is not an example of what Bitcoin Cash should be doing. This is the other end of the extreme marketing.
Bitcoin Cash is on the other far end, having no marketing at all. We don't need to do the opposite but we DEFINITELY need a fair share of the market. I said we as I'm an investor and think of myself part of Bitcoin Cash.
Bitcoin Cash develops, it has created everything so far, the Bitcoin Cash blockchain is unmatched since any time we can use it for very low fees with no delay and transact with everyone we want with no permission asked.
I'm not entirely sure what the investors don't understand if they just read the above. The problem with Bitcoin Cash is they don't read this, EVER.
Those trading at mobile apps and buying Doge, they just follow anything is thrown at them. Send the message to buy Bitcoin Cash but do it massively.
I've read somwhere that Bitcoin Cash is like a football squad, having the top players and a state of the art stadium, but playing at an empty stadium having no fans.
If nobody has heard of this football team and doesn't know the location of the stadium, of course nobody will visit and watch its games.
I feel Bitcoin Cash missed a good chance to stick to a previous position and this market is slowly pushing it down lately.
There are money for developments and flipstarters, but we also need to attract users of these developments. Without marketing even the best projects will fail.
Is there more downside? Maybe $300, maybe if there will be another bear market, it can also be $80. Can it go lower and make new all-time-low? Maybe not, but as it keeps dropping many start losing their cool.
Investors don't like losing money and don't expect BCH to reach $100 to sell. They will dropout before this. Perhaps Bitcoin Cash should increase the effort to advertise its product.
SmartBCH is great but nobody really knows what it does. Maybe a good advertisement to this could be the volumes when they peak. When volumes reaches $100m more investors will start noticing and enter the Defi part of smartBCH.
For 2022, I am not hopeful. I don't hope when investing, so when I try to predict the Bitcoin Cash market price and acceptance, I don't see anything that can change the negativity.
There is no marketing budget, this will always be the Achilles heel of Bitcoin Cash.
As I'm interested in the success of Bitcoin Cash, I have to express this frustration and hope that at least one thinking person will understand that nobody will invest in something they never met before.
If we are going to ask all the new investors, maybe they have heard the name Bitcoin Cash but will have no idea what this cryptocurrency is about. And there is a lot of misleading documents and videos out there trashtalking and creating a bad image for Bitcoin Cash.
2021: A Positive Conclusion for Bitcoin Cash
This is the year Bitcoin Cash was established as the Bitcoin that achieved many accomplishments and increased its prestige.
Bitcoin Cash is the most closest fork of Bitcoin to what the whitepaper explains and has payment network increasing in adoption by the merchant world.
This was the 4th year Bitcoin Cash is running and it begins to attract some major investors all over the world. The price, though, didn't follow the rest of crypto, and this is why some crucial investors did not add more to their position.
The smartBCH side-chain was also released this year. It is a modern and powerful engine that enables EVM compatible smart contract capabilities while running on top of the Bitcoin Cash main blockchain.
The mini bear market left its scar on Bitcoin Cash, which, was supposed to recover after the May 2021 crash, yet, it didn't. Price year to day had an ATH of $1700 and went lower than $400, even today battling to stay above this level of support.
There is a difference in Bitcoin Cash with the tired investors of almost everything else. Bitcoin Cash is giving us hope, with both the main chain increasing in merchant adoption, network effect, and user numbers, and the sidechain smartBCH becoming a secret weapon ready to unleash and devastate the pretendeous decentralized sidechains.
Why We Are Doing Both? Because It Is The Correct Approach
I watched a video a couple of days ago, by a respected marketer of Bitcoin Cash, it wasn't new but from months ago. This person that I discussed in my previous post, was already divisive and asking to focus only on the payments part of bitcoin cash (merchant adoption) and calling it an unacceptable strategy to create and support something new, implying smartBCH should not be supported in favor of the currency features.
He didn't even accept the argument of boosting both fronts and as a result he brought a video being sarcastic and left a bad impression to anyone that watched it.
Well, nobody wants leaders mocking the members of any community and behaving irresponsibly and ignorant. I've explained my thesis in the previous article, yesterday, and perhaps this guy read some lines from one book claiming the perfect strategy is to keep boosting the competitive advantage, yet, he obviously missed about 99% of what business strategy suggests.
This is a second front for Bitcoin Cash, although one that is still at a state of wait and see by investors. IMO it only takes one big whale to select smartBCH and invest part of their ETH investments, then a domino effect begins.
Any respectable network should be looking into all options and proceed with better odds. smartBCH is not even a change in Bitcoin Cash, this is a second layer, one that is created with certain devs and backed by a well respected billionaire, Jihan Wu.
SmartBCH is the best that could happen to Bitcoin Cash and will start having effect about one year after its launch. The expectations are not unbearable, so the developers can test and keep their work with confidence. Investors are patient and perhaps the new move to remove coins from the exchanges and send to smartBCH will help the network achieve more in the near term.
Finally
I don't think some understand their place. This is not to take strategic decisions, this is based on certain governance and not to just two individuals that think they acquired power.
Both the Bitcoin Cash as a payments network, and smartBCH as a sidechains for DeFi and NFTs can achieve success. Try and tell that to the thousands that are now using DeFi in smartBCH.
I wrote it previously, there are no contracts, at least this is as I see it. If one side is displeased by what is offered, then there is an available alternative. The door is open, and nobody is holding or accusing anyone if they felt the pain of price dropping from $1500 to $300 as they never held the Bitcoin Cash they received.
The best strategy in an uncertain environment is to use and boost all tools at our disposal. SmartBCH is an advanced network, it is a weapon for Bitcoin Cash in the coming dark days that will befall crypto once Pandora's box opens and the MtGox ghost from the past re-appears.
2021, was not a bad year for Bitcoin Cash, but it could have been a lot better. As an investor that struggled to understand Bitcoin Cash in just a few months, I felt there are forces that drag the price down. The best strategy I always advice is to dca and plan your purchases in weekly or monthly steps. Accumulation mode is on for BCH and the more we become the faster we grow. I don't want anyone to leave but I don't want to see any divide either. It is better to protect this and stop being the "old man yells at Bitcoin" meme. With unity we can achieve great things.
Bitcoin Cash Will Thrive With or Without Mercenaries
I read a lot lately about the marketing strategy of Bitcoin Cash, and I also wrote some parts previously about what should be done, but there is a feeling by some members there is need for some central plan and operational guidelines.
What will be created though is not sustainable. Was it sustainable back in November 2017 when the price of BCH was trading at $ 5000 at some top exchanges, I think it wasn't.
What about those that were buying Bitcoin Cash at this price? There should be many that bought above the $1000 price mark.
It is frustrating to see Bitcoin Cash price so low, but the only reasonable strategy we have is to keep accumulating and using out BCH but not selling at exchanges.
Have this in mind, if you do not sell your Bitcoin Cash for fiat, price will not drop.
Why Bitcoin cash will thrive
The time will come when a certain investing criteria in crypto will be set by a top investment fund, and these will be technical criteria. The quality of the technical aspect of each blockchain is about its functionality, practicality and the approach to the user.
Talking about price, some expect to see Bitcoin Cash at $10,000 or even higher, but we should be better stick to the truth of the situation and hope for adoption first.
What kind of adoption we want?
If this is just hype, then as I explained price will be ten times higher in just a month or two and then drop again within the next years. Do we want to have the same scenario? Is Bitcoin Cash worth $5000 today?
It can be only with a certain pace in adoption levels and this is only about the people in Bitcoin Cash.
Another problem is concentration. It is serious, but as adoption keeps increasing those BCH whales will also have to keep selling part of their stack. It happened exactly similar with Bitcoin all these years.
The top whales of Bitcoin today are the exchanges Coinbase, Binance and I think Bitfinex is still one of the top. Then there is Grayscale, and some funds that bought BTC to provide investing services to many institutions.
Bitcoin Cash has not reached there yet, but it will, with enough time and enough adoption.
I ask what kind of adoption we need?
We have people in this field today acting as marketing agencies but they don't even hold a single BCH, even after getting paid a lot for years. Yet, they make claims, ask for more, calculate their odds, threaten they will abandon Bitcoin Cash and more of that. Maybe they missed their chance to be close friends with Richard Shueler - Heart, or maybe they had some ethics left when Heart had none.
Bitcoin Cash does not need one leader, this is not even an issue. It needs honest personalities, transparent and successful.
Not just mercenaries threatening to abandon the project if they don't get paid well.
**You know why Bitcoin Cash will succeed without mercenaries?**
Because the community never needed them. It helped them to set their plan in motion, supported them with flipstarters and personal donations, and welcomed them, without even giving them directions and setting
**Why Bitcoin succeeded?**
It has people believing in the revolution. It also had mercenaries, traders, scammers, hackers and drug dealers.
Lets just say these were even more than those honest Bitcoiners for the most time. Ask anyone of them if they were just thinking the money.
**Nobody was in Bitcoin just for the money from 2008 to 2017.**
This is what we need to change in Bitcoin Cash, have everyone understand this is not just for the money there is a lot more. One person doesn't make a difference in a blockchain, perhaps some already have figured it out.
Ethereum may have Vitalik pumping price but Ethereum was his creation. We don't have Satoshi in Bitcoin or Bitcoin Cash. Once he was gone, there was no leader.
It wasn't Gavin Andressen, it wasn't theymos, and not Adam Back is today a leader in Bitcoin.
Maybe we misunderstand Bitcoin Cash with perhaps some token a dev creates, promotes, and tries to make it big.
One leader doesn't make a difference. Is Musk a leader in Dogecoin today and what has he accomplished? Doge is already 80% lower from the ATH in only six months from there.
Finally
Bitcoin Cash needs successful people. And not one leader but multiple leading personalities. The community does not want more drama so they do not even respond to these calls.
The community of Bitcoin Cash is not another Dash or a second BSV. Bitcoin Cash has no leader and doesn't need one. It is a concept that is invalid to ask, you can't contact someone or vote on who will get the most for marketing.
Stick to what is given each time, it is the best strategy and nobody is getting more. You don't believe in the cause and don't care for Bitcoin Cash? Nobody cares. You can either stay or move on with any business plan you have ready.
Bitcoin Cash needs multiple leading names that will grow and have a voice in the cryptocurrency market, accepted for their knowledge and influentiality.
There are a few that can grow and become top quality advocates for Bitcoin Cash, but not by asking to be leaders. Not by accusing the community and not by creating divisions. Sad that Bitcoin Cash has such bright individuals but easily lose focus, lured by promises of getting rich quick.
Hold Your Bitcoin Cash From Donations - Do Not Sell
Stop dreaming. You are not getting rich by selling low. Unless you keep investing and accumulating there is nothing else but a lousy daily work for you waiting and a limited and insecure income.
How long are you in crypto and what mistakes do you think you did all this time? Was selling your donated Bitcoin Cash a great decision? Where it went?
Think of your future, and think all those that sold their Bitcoin early and didn't buy more to keep in case it was going to grow. Missed opportunities. Remember this guy:
This was an investor. You are making your Bitcoin today with Bitcoin Cash. Don't just sell at so low as $400. Bitcoin Cash is not going lower. Forget lower this is the lowest it will go.
Accumulate and stack sats starting today.
Hold the BCH Donations from Read.Cash - A mistake to sell for peanuts
Invest in Bitcoin Cash is an investment for the future.
You may think you got this and you understand how it feels to be under pressure of investing a considerable amount or life changing money, yet you don't.
A few I read in read.cash give great excellent investing advice, and some that are obviously here just to keep selling all donations they receive and build a house, or take their friends for a dinner.
You will not escape poverty with this approach.
Bitcoin Cash is $450 today. How low is this compared to the historic graph of this crypto? And you are selling at this price? Are you guys starving perhaps, and I'm sorry for writing this way, but I don't think you are.
Don't just sell what you make from this site for peanuts
Because this is what you are doing. You are afraid to hold even $100 in Bitcoin Cash. Show some support and some dignity. If you have needs, then only sell half and keep the rest for the future. You will need to keep accumulating this is no joke.
Soon there will be shops around you accepting Bitcoin Cash, you will not even need to use your wallets like coin.ph to transfer the money to your bank and wait days.
Talk to the shops you know and ask them to accept your Bitcoin Cash. Isn't this easier than sending your money first to a bank?
Use Bitcoin Cash and if you can't ask the shops to accept it. If too many start asking, then trust me, the shop will think about this.
Finally
Accumulate, hold, and don't ask those outside of crypto what to do.
They don't know anything, you have superior knowledge. Do you not observe the millions that have joined crypto and do you think they are all like the clueless friends and family you have?
Maybe you made $100 in one month, and from what I have seen many are just underaged here. What you did was probably ask your clueless on crypto parents what to do and they told you to sell it. Not a bad advise when someone has no idea what Bitcoin Cash is doing today.
You know, you understand that Bitcoin Cash is not money made from nothing, it is used and it is accepted in many places. Maybe not in a small city, maybe not in a big city, but this is what these people are trying.
Contribute and do this for your best interests. By holding at this low price you invest in a better personal future.
Do you want to be a lucky early investor?
SmartBCH Token Mooning - MoonMoonMoonMoon 🌙🌙🌙🌙
Meme coins (and tokens) are on their ultimate point of reception, and this is not just the old investors and traders of crypto that held and profited, but a whole new bunch of (ignorant) individual investors that suddenly started investing in any meme there was.
It was Musk that started this, if I remember correctly at some point in 2020 with his Doge affection. While we had so many incredible cryptocurrencies with advanced technology, Elon Musk decided everything sucks and started shilling the oldest joke in the crypto space, Dogecoin.
Dogecoin made money to most of us that were holding for years. But, I don't think anybody but the main Doge whales kept holding in 2021. No, most of us didn't make millions. Doge rising ten times, is just too much to keep as "hodl" and even Elon Musk tried hard to make it reach where it did.
This is a meme coin anyway and yet this guy made it reach a non-viable price that has already created huge losses for those that bought the top. (Doge is down already 75% since the top of $0.73).
MoonMoonMoonMoon (or in short M00NX4) is a new overpowered meme coin produced by OGs of the Bitcoin Cash community! Started as a joke, and yet, this joke played a joke on us!
**To the Moon with M00Nx4**
This new meme token started trading at way lower price than today (I think $1). And the best part is it had a supply of just 1000 tokens in total, so the market cap was just $ 1000!
And in the first hours of listing it was even trading close to $250!!
M00NX4 has today price of $175 and market cap of $175,000.
And that is all about MoonMoonMoonMoon, since it has nothing else. It is a meme and if you know your meme you know what to do.
If you are reading my posts you know I am advocating buying low, but this is not about the price, it is the total market cap. And to tell you the truth, I still think M00nx4 has a lot more higher to go. Perhaps $ 1,000 price is feasible or way higher than that, with time. It was not handed out to every airdrop hunter there is, but given to selected addresses holding $CATS, so none of the thousands of dollar airdrop hunters can dump, since they got nothing.
Those bought are not worried just hold it and not even look at price.
And that is all for this token.
Funny also was to read from some saying they missed buying it low! I mean, what did you miss? The potential?
This is not a token you missed, you either know it will Moon or stay out and don't discuss it!
But there is more! In less than 2 hours there is live 🌙🌙🌙🌙 AMA on YouTube (Join using this link) https://www.youtube.com/watch?v=nlg-kLGW9G4
Finally
Why this token still holds you wonder? Because it is the representation of smartBCH.
Those holding it, are not paper hands, they don't believe in M00N4X since it has nothing to offer, but believe in this market.
It is a token you will buy and keep it, since you never know. But, of course $170 is too much for someone that has noise.cash as his main job, so this token was never about them.
Although, I don't have fun with trading clueless individuals, each one has different skills. We are not all born with similar brain, and we don't all proceed with understanding concepts that require depth and years of studying.
Of course, we always have these people around that think they got it all figured out, yet, we can't enlighten them without having first acquired solid theoritical foundations.
Yet, today, every one thinks an uneducated opinion matters. Anyway, this is all for today. M00Nx4 will not pay anyone since nobody is selling until it reaches a certain target. How much this will be? Maybe 0 maybe 1 BTC.
When 🌙🌙🌙🌙?
@annayks
