SmartBCH Market Now Offers Fifty (50) SEP20 Tokens!
It is growning so fast that maybe soon @webeli will need volunteers to help with sorting out the listings on marketcap.cash!!
50 tokens already!!!
Congratulations to everyone. The developers, those that believe in Bitcoin Cash and in SmartBCH and to this amazing community that supported and believed this was possible.
Although, we should not expect to make money fast and invest recklessly. And there is another part, that most tokens do not serve a higher purpose, at least not yet.
At least most of what we have is honest, well we have some that may not have been honest, but this is something happening in crypto, and I don't write this to condone the thiefs, it was simply always there.
But the growth we have anticipated for too long maybe will finally reflect in the price of Bitcoin Cash and we can escape this downtrend, especially the one comparing BTC price.
New SmartBCH Tokens
We have new tokens, maybe two or three appearing every day! Let's find the latest submissions that marketcap.cash incorporated recently.
**MoonMoonMoonMoon** (🌙🌙🌙🌙)
OMG!! Just look at this chart! This is definitely a moonshot! https://www.marketcap.cash/token/MMMM
This *thing* started to trade at $1 and made it all the way up to $200 in just a day! This was possible because of the very low supply of this token (just 1000 tokens) and a buying pressure by SmartBCH investors and community.
Congratulations to Moonx4 and to all the participants that bought. I think, this one, can still reach a higher price, as from what I read, nobody is selling their moonx4 but hold instead!
Interesting that this token has no use case but acts as a meme, although, I would advice to start creating some memes with moon involved, just to make it count. Maybe act as a BCH hype token. Although, from what I am reading, BCH is about anti-hype so perhaps don't!
**Incinerate & Volcano**
Two deflationary tokens. I have seen what happened to the deflationary market. It was one great idea (BOMB) and a hundred copycats.
I remember there was a token called Incinerate years ago in Ethereum. It was about 50-60 deflationary tokens, almost all of them just there for the hype. I don't support these type of tokens since they will always lose appeal and become worthless.
As Bomb token suggested back then, it was an experiment. One that after two years failed and it was always going to fail. A token that offers nothing but just burn process don't have a lot to offer.
By all means, this is investing advice, consider it to be like that. Because many tokens in Ethereum were worthless and investors lost a lot of money, and I don't want to see hype in unecessary versions of Ethereum tokens in SmartBCH.
But this is the same for the moonx4 token. It has nothing except giving an opportunity to buy early when it was listed at low price. This gives a great idea on how projects should begin.
Instead we have seen some trying to instantly cashing out in a market that it just a few hundreds of investors. Maybe consider having a realistic FAIR price when starting the trading, instead of acting like millionaires with your tokens.
**DAO**
This is not a DAO (decentralized autonomous organization) but a simple token. It got a lot of hype in telegram after Jihan Wu talked about DAOs and their significance, and at a point someone created this token and passed it with airdrops in the community. Interesting it got a high price, but from what I have read so far, this is only a simple token and not a DAO.
**Wojak**
Not bad, but a little complicated.
I read some specs here and don't know how it can turn out to be, but it gave me a sense of promise. https://read.cash/@Wojak/wojak-has-created-the-first-flexusd-rewards-token-on-smartbch-8704fd4f
Mostly left me uninterested, but did buy some, just in case. I don't like missing out on anything good, just because research needs time. This takes time to find possible issues, and if it gets enough adoption. Wojak does look better option than the rest tokens that recently appeared in this market so I am recommending to take a look in it.
**More new SEP20 tokens**
Next one is a stablecoin MrUSD, another one called Xolos, and one that has the strangest name ever, Bismuth Win Bi.
I didn't look extensively in these tokens yet.
Xolos has to do with NFTs, although don't know why it also needs a token.
MrUSD is some kind of stablecoin but also is related to MGOT, which is a rug pull, or close to being one, do proper research before trying anything with these projects.
Finally
Yes, this post was not so exciting. We all need to do a lot more and do it better.
Do something great. Don't just be another meme token, or another yield farming token. Be productive and help this SmartBCH network that gives you so many opportunities.
I have hopes for bigger and better. DEXs can include a lot more options and the tokens should follow a better logic. I loved the fact that Moonx4 started low, and attracted many, just because it was honestly saying it was just a "mememememe" and not a real project.
Maybe all tokens should begin with a fair valuation. This is the point (I think) the known anon developer behind Moonx4 wanted to pass to the rest.
If a project wants to have a community, it should begin small and build with it together.
I also begin to understand MarcDeMesel better lately after reading and watching more of his previous videos, and his approach with everyone in crypto. I find genius that I did not understand immediately. Damn, this takes a lot to learn from this guy. I wish it all ends with his problems in Kenya and have time again to be active and help BCH, and not ever tip me at all. We learn and have to learn a lot more from Marc.
(*Images are under Creative Commons licence*)
End Poverty And Fear Using Bitcoin Cash
Bitcoin Cash dropped a lot, I don't count the percentage but it is more than 20% since the $700 signal that looked like a buying opportunity, but was only a fake out.
Now, we are on the opposite side. What are we expected to do? Sell the bottom?
**I hold my Bitcoin Cash and increase it**, sending more national currency money in cryptocurrency exchanges and buying Bitcoin Cash.
I used to do the opposite for some time, but as I see this today, we are once again in an accumulation phase. Maybe this is about to be over soon and Bitcoin Cash finally escape the trend and the exchanges manipulation after finally this market started pushing demand.
But the reason for Bitcoin Cash will succeed is only the properties it contains that help its users escape some very difficult circumstances that suddenly appear in economies.
Bitcoin Cash can reduce poverty and increase our well-being.
Because no matter how low Bitcoin goes it will not be as low as the fiat currencies getting destroyed and a second notion: **Bitcoin Cash will always recover**.
The gov currencies have no chance to recover.
The Turkish Economy In Trouble
I read the news lately about Turkey and it is looks like this economy is about to be over soon. It seems it is an endless pit for investors since the Turkish lira can collapse another 99%, easily.
It is in a pattern of slowly adjusting and this is also helping the populist authoritarian government to keep hanging on its position by blaming everybody else for this but its own actions.
As any other regime that has taken over control and hangs to its power, this government has banned cryptocurrency. It excludes about 80 million civilians from entering assets that could be the solution to the increased poverty and the day to day devastation of the businesses and the wages of the employees.
But crypto can bypass all restrictions. Even in China still major crypto users and investors are not affected by any ban.
This should be a wake up call to those supporting a government being responsible for their money. Invest in crypto no matter the government decisions that will make you suffer otherwise. We do not have masters that forbid us from investing in an asset that can help us personally.
The fellow Turkish people must abandon this way of thinking. If you want to survive, there is solution you can use Bitcoin Cash.
Prior to Turkey, this was Lebanon that had the same problems and still has. And next was Venezuela, Nigeria and some more countries from Africa and Asia.
Bitcoin Cash is fixing this, talk to your local merchants about it. It has a very low price today, that makes it appealing. **Whatever happens with price of BCH, your currency is doing worse and will never recover.**
The fiat currencies do not gain price. They only drop, and you will only need more.
Buy and use Bitcoin Cash instead, anything you make put it in Bitcoin Cash, form communities and talk with bussinessmen around you.
Why not accept a better currency than one that is about to hyperinflate and fail completely?
This is what gives self sovereignty. You don't have it when your currency is about to dive into worth nothing at all.
In Nigeria and many more countries it is the same. Don't expect your currency to worth the same, it will be a struggle every day from now on. You HAVE to change your ways and convince those that are worried and affected to exit this form of financial slavery and become free to choose what you want your money to be.
Finally
Stop looking at money in the terms of your local currency. This will soon be all over, so better start living in the future.
**They tell you inflation is 5% in the Philippines. Is this so?**
The products you buy, the consuming goods, the items you need, and the services you use are they only worth 5% higher than the previous year?
This inflation is for the people. This is a general but not a personalized inflation. And for the most of us, it affects us a lot more than what any government announces.
**Is inflation in Nigeria just 16%**? The friends from Nigeria can explain. Is bread, milk, sugar, coffee, eggs, clothes, and all, just cost 16% higher from last year or have the prices doubled already?
There is a way out of poverty. But not our government's way, this is our own volition to escape this dirty politics game and **be owners of our cash**.
Spread the word in your communities, those that are willing to listen will not abide to the destruction of their wealth, property and money.
(*All the images are under Creative Commons license, no citation required).
Why The Market Crashed again?
Is the dip over? Why we buy the dip and it keeps dipping and at this rate too? I read some questioning, claiming this was the beginning of a bear market.
I would not say a bear market has started.
What happens now is shake-off and accumulation from whales. This huge dip was not reasonable but it has to do with nothing else but algos, and someone wanting to sell a lot on an illiquid market.
Initiating a bear market takes one factor that we don't have yet. A strong sentiment of market tiredness. And a point that will need millions more to begin investing after the previous investors have made a lot of money.
And not discussing Dogecoin millionaires, this was a reason to crash the market in May. I talk about the real coins that have not performed, but have a real community that backs them and uses them.
One of them is Bitcoin Cash.
Why the market crashed. :(
**For no reason.**
This is the only point I can make from this. Someone or some holders of BTC, whales, or speculators, wanted the market to crash. Their sales triggered algorithms that kept selling as they were tied to each other.
Copy traders.
These copy traders followed no other plan but proceed with sales under certain circumstances. Bots of course, no real people, since it all took minutes for the sell off to finish. It stopped and I hope these guys won't be back because as I previously explained when BTC drops, the exchanges are transfering out other cryptos to cover for the whales that want to sell.
Flawed. The exchanges should stop intervening and abusing our BCH to support BTC.
This is not an actual market but an exchange that was supposed to keep our BCH and not gamble with it.
Back to the story, these copy traders are just following some traders that are successful and making them look even better. A whole network of programmed bots to react on one seller's trade. And then, this happened.
But as I see it this is all very soon and we should be getting ready for better prices. And this time Bitcoin Cash should be a frontrunner and take back deserved positions it lost from cryptocurrencies that didn't deserve them.
Stop hunting manipulation.
Since my first trades I ever made, I learned about stop-loss and take profits. I didn't trade Forex ever, and maybe I will never will, but this is a very common trading practice at Foreign Exchange Trading.
Set a stop-loss! This is what they tell you from the first minutes you begin trading.
Ha! Like, we don't know the manipulation that takes place in crypto exchanges and how Bitmex was grabing billions of USD each year from crypto degenerates. Maybe this works at Forex, a regulated environment, where no bank can ever manipulate!
Or can they?
Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel (link) https://www.cnbc.com/2021/12/02/barclays-rbs-hsbc-credit-suisse-ubs-fined-for-forex-trading-cartel.html
Are you surprised? You shouldn't be. This is common news we are getting each year. It is just not reaching the mainstream. And if banks can do that in forex I can't imagine what they can do with crypto, or what crypto exchanges are doing.
Bitfinex is the same, Binance later after adding leverage trades, and many more exchanges.
Using a stop loss is like announcing to the exchange and the big players your strategy. Doing that, makes you vulnerable. And when millions of traders are announcing their strategy then it gets so easy to manipulat them, trigger stop losses or liquidate them.
Get them out of the game for a while, they have had so many profits, but they have to pay the big money now.
Finally
Another crypto crash and the pain is growing.
It is not the end of anything. It was another crash, but it will probably recover if there are any investors left. But the crypto investors are losing focus, when looking for more ETFs but not looking at real adoption that would be a great reason to invest more.
I care about crypto without caring too much.
Losses increase since it was what? A week ago Bitcoin Cash was at $700 and looking great. But we can also treat this as an opportunity within everything that is happening.
Crypto is not going to die. And a bear market can also be completely avoided. I don't see signs of a crypto exodus, nobody is having this impression at this time.
And there are some good signs that help us invest without thinking too much.
A few cryptocurrencies able to become money, one of them is Bitcoin Cash. Other that have good chances are Ripple, ZCash, Monero, I don't know what else, maybe Nano used to have good chances but is heavily concentrated at few hands. Maybe some privacy crypto that is used only in the darknet and I've never heard before.
But this is all. These are the cryptocurrencies that can compete with the banks today.
But the market abuses it all. The algos within exchanges, connected with trading desks are used to help the Bitcoin whales. These guys sell, there has to be a bottom and this bottom will appear by exchanges selling BCH, and other cryptos.
I don't know if this obvious manipulation may become a burden soon. I hope it won't and I hope Bitcoin Cash will finally start flying untethered from BTC whales manipulation. One drawback the BCH community and investors have to work.
(all images are under Creative Commons licence, no citation required)
70299 BCH Locked In SmartBCH!!! When It Will Be 1 Million?
It was astonishing moment to see the BCH locked in the SmartBCH protocol having exceeded 70,000! You know what this means. Once the issues with the nodes that gone crazy is fixed, the SEP20 tokens will explode.
It is a great time to enter in some of them that look cheap and in one of my previous post I gave a top-10 of SmartBCH moonshots, but skipped some that I own and also hope for their future.
I wanted to write about the SEP20 tokens but the node desynch issues give problems to marketcap.cash too, so I can't properly present tokens. What I noticed in some tokens is they occassionally pump and dump. I don't like to see this, but it happens in all markets. Some tokens are held by a large percentage by whales that are mostly the devs.
The market has been expanded, lately, with the addition of two new DEX and Oasis (the NFT exchange). We have almost everything at place and can begin, but I also think more focus and development should be on the NFT sector.
SmartBCH will reach 1 Million BCH Locked
Let me explain, behind SmartBCH are some skilled devs, this is not a parody blockchain like Solana. It is a progress rare to see in the blockchain universe. This is why SmartBCH is kept in the shadows as all the good things, and only a few discuss it here and there.
It is a secret well kept, and SmartBCH has the backing of the first Bitcoin billionaire. Yes, you heard this right. What do you think Bitcoin Cash is? If you don't know who Jihan Wu is, go ahead and read about him.
Jihan can easily lock another 200,000 BCH in seconds, although he doesn't want to push the network, it should be organic. If you are in Bitcoin Cash for
Same Ver and De Mesel can do, we do lock 25% in SmartBCH, I do not think the whales will stay behind. These guys understand technology and potential. Marc has some problems right now, but will be back and will find time to invest in SmartBCH, but waits for it to mature first. The top investors are looking exploring, waiting for the right time, because when they invest, everything runs 100 times faster.
Get ready, get in positions and grab some of the top tokens too, hold them without looking the price and waiting to sell. You should be staying with your investments for longer than you even think. It takes years to make important money from an investment.
Finally
I find some new projects being created with haste, but have a focus on attracting certain people for their promotional activities. It is weird sometimes, and should think about it carefully as bounties are most of them total failures.
Also, there are figures that are trying to become an authority in BCH, getting into things fast and having no idea how to proceed. If you don't have a plan and experience in crypto, it is better to just stay back and watch. Invest as all the rest are doing and perhaps have some productive time writing an article.
Because your inexperience and incompetence will only make things worse for the rest. It takes experience to co-ordinate a community. How easy do you think this is and how the poor decisions taken can influence a token?
Developers don't even know how to behave, and often just don't speak at all. They need some people to help them, although not scammers and not clueless people.
Not considering any such position anyway, and just a few read my articles so this is not about me, I am just saying that sometimes, communities look bad because of the community leader.
(*All Images are under the Creative Commons Licence, no citation required*)
The Fake Divide Between Vaxxed and Unvaxxed And The Omicron Fright
The logic of new lockdowns and the sudden and intense fear (or better yet FUD) in all markets is astonishing.
Together with breaking out news on a new strain of Covid, we watched cryptocurrencies prices dropping because the "investors" were scared once again by the mainstream media FUD.
Where will this money move if what is now called "Omicron" expands further? They will exit Crypto and pump gold?
What has Covid to do with cryptocurrency anyway? Crypto is a whole new modern world of opportunity that should be a haven for all funds to invest and stick to their investments for the long term. Instead Crypto is just called a high risk investment and the speculators program the algos to dump on any fake news or fud.
This is simply basic reaction of ignorant investors. I didn't want to mention Covid in my articles for many reasons, but here it is, I am doing this, today.
I think I already hinted I am not leaning towards accepting all of this scare tactics as proper scientific research in any matter. What any logical person assumes, is that the medical world doesn't really understand Covid. At least not at all in the first year of its spread.
I don't have qualification in this field, so let us allow the big pharma be our savior. Thank God for Pfizer! And next what is coming? From having the banks regulating our laws and economy, we will have a second third party. The Big Pharma, together with the banks to run our life.
It all looks predetermined and moving according to a certain agenda. A whole corrupt mechanism pushing us to the edge.
Cryptocurrencies, are not part of this problem but a way out.
And some of them as Bitcoin Cash, Ethereum, XRP, ZCash, Monero, are not under the government's control to manipulate exactly as it wants.
Is this Logical?
It is not logical to see crypto crashing and not recovering for this reason.
This is very frustrating once again. Crypto dropping on Sunday is a sign someone wanted to buy more.
When Crypto is dropping on a Sunday, it means there either big wire transfers in crypto exchanges or nothing at all and whales with inside information become bears. Big funds depositing under the agreement with whales and exchanges do dump prices so they can buy cheap when banks process the deposits on a Monday.
The funds are interested having control of the keys, they never just leave the crypto in exchanges. The investors in these funds are those not understanding what is the most important aspect of crypto. They hold no crypto but an IOU and when the time will come that this crypto will be playing a crucial role in the modern financial world, they will still not be part of it, but just simple speculators.
What we have been told and what we know:
The lockdown will only last two weeks. (It is now two years)
A vaccine takes 10 years to be tested properly. (It was made in just 4 monhts)
The vaccine will help stop the spread of the virus. (A year later: "We never said that)
The unvaccinated are a danger to the rest (A year later: The vaccinated also spread covid)
The last one, it quite important, since it escapes any logical assumption.
Both vaxed and unvaxed are spreading the disease with the same effects. The virus is still intact in the vaxed part of the population. The vaccine as we've been told only boosts (temporarily) our immune system, but doesn't affect, destroy, or reduce the effects of Covid.
Vaccinated or not means nothing at all, then. Since the virus will keep spreading whatsoever.
**We don't protect others if we get the jab.**
The unvaccinated are no more of a threat than anyone vaccinated. In fact, the unvaccinated are mostly concerned on not becoming participants in a mass experimental vaccine that could possibly have long-term effects to our health.
According to what we read today, an unvaccinated person has higher fatality rate. Still, this is very foggy data, processed by centers we can't fully trust.
Covid exists, we are not making a case against its existence, what we are saying is this is our body, our life, and yes, some have been hospitalized and even denied respirators, so in between billions of people, some passed away.
But denying a respirator is not what a sane person does. It is the reaction to the mass hysteria that caused these people to deny treatement.
I never caught Covid, yet, I know neighbours that had it. They were of young age and it passed without serious symptoms. It is a fact that Covid affects mostly elder people, and it is sad, as we all care for our elders.
This is another lie spread to make the elder people feel insecure and cause them even more depression. That the unvaccinated don't give a damn for the elder population.
They told us if we don't vaccinate we don't care for the elder. What a bunch of propaganda!
I care about everyone, and especially people that can't sustain 100% themselves. We all care for those in need.
They told us, we need to jab to protect them! Remember that?
But then after the jabs, what happened? It was the vaccinated that didn't protect them, thinking they couldn't catch Covid since the governments were talking about a wall of immunity. But, jabs, don't offer immunity.
And now this foolish narrative is changing, once again. I visited a hospital a month ago as I had to take some exams for a personal matter as the government requested it. So, I was standing in line, listening to vaccinated crowd, one by one, shouting at the security guard of the hospital.
You see, the vaccinated also had to pass rapid test. New rules they told them.
**The vaccine is doing nothing to stop the spread of the virus.** And the hospital had finally acknowledged it. Why then put the unvaccinated in a lockdown? They are no threat to the society as you claim! Whatever threat exists is only on the unvaxxed health. There is no need to lie, just tell, the world, you don't know what to do and this could work, but it is a test and nobody is sure.
Finally
As per habit, I try to make sense of what may have happened and not be unfair to anyone. The summary is here:
Since the virus can't be contained by the current vaccines why is there a need to separate classes between vaxxed and unvaxxed
Why are new lockdowns needed? What is it going to be, the virus will just die if the unvaccinated stop moving? The vaccinated spread the same virus.
Why the cost of a rapid self-test is 10 euro? Should be free twice per day.
What about the new "Omicron" variant. Vaccines don't help with it as we read these days. What is it going to be, then? New vaccines with more mass testing?
Covid origins are in China, and most likely in laboratory in Wuhan. As with almost all pandemics in history. Even the liberal media were calling it strange China virus in the beginning. This is a fact, so don't make up excuses because you work for a media representing Chinese interests and having vital financial connections with a communist regime.
How about taking a look at the economies, the collapse of wages, the high inflation and the declining growth. The deteriorating living conditions and the innability of governments to handle this pressure. Why shouldn't someone have a voice on all of these, but meet censorship instead?
So many lies been fed to us and a brainwashing machine that removes all kinds of criticism. I'm fed up with the lies.
Also fed up with those today waiting for another dip in the stock and crypto markets to rebuy lower. Not going to happen, there are only a few paper-hands left.
(*All the images are licensed under Creative Commons license, no citation required*)
Please Read This Before Commenting
About a week ago after Bitcoin Cash dropped from the $700 mark, following Bitcoin BTC and the rest market in a sharp decline, I was losing thousands of USD, although, this doesn't mean I didn't profit from cryptocurrency trading.
It can get funny with some people that never read a single line from anything I've ever written. Once again I have to explain we are not friends, in terms of we don't even know each other. Trying to befriend anyone online means you either feel the content offered is important and valuable, or that you are just doing that for money purposes. Either to receive more tips, get attention, make others interested in your writing, etc. This is not honest, and when the comments have nothing to do with the content offered, do not consider commenting.
I have blocked two users for this reason because they were peristently commenting out of topic and even asking personal questions. I explained I am not here for chit-chat and got mocked. Well, this is about that, comment on the content if you want. Just read a few lines, I do not wish to read comments and spend time for something that will not make me a better investor.
Do not annoy others with pointless comments.
It is disrespectful.
What are you doing in real life? A phone salesman calling randoms and wasting their time trying to sell useless overvalued products?
You see, most are here to make BCH from tips and sell. I don't even judge that. I understand many of you guys have difficult living conditions, no job, no income, maybe your parents can barely make it outside.
Just be honest, and don't mock others. I don not have the same problems as you, but trust me when I say I understand you, I have lived in poverty and when I was at school I did not have money to wear same clothes as the rich kids, I was also mocked and previous friends were not calling me in their meetups. It was temporary, since my parents were not wealthy enough to cover for consuming habits that started trending while I was a teenager. All of my family survived and we did a lot better later. My investing is a way out of this and I take it serious. I don't like to have nuisances making me lose focus. If you plan just to earn money, it is fine by me, but do not annoy others.
I was having a person and what is supposed to be his wife spamming my comments with irrelevant comments to my artcile. Just for what? To have more comments, followers and likes? I don't do that.
I upvote the posts I like, and I tip sometimes, not too often though, but does it matter? It is not going to change a lot. When I have a comment to make that will add value to the discussion, I will do that, but it is really embarassing to comment on a post, without reading anything at all, not even the introduction, and just comment about anything else irrelevant to the post.
If I have better things to do or don't have something to write about, why should I bother?
This is as annoying as receiving a phone call from salesmen while you sleep or at work and busy solving a mess your boss given you. Don't be like these guys, don't annoy others, do whatever you want but don't be a nuisance to the rest.
Also, phone sales is not a job. It is a nuisance. Nobody wants to buy crappy products and it could also be scammers trying to steal money. Not a honest work to do.
Finally
Don't do that, we are not friends to ask me where I have been for a week. I mean, seriously? You were concerned about somebody you never met in person and wondering where I have been and why I did not publish any new article for a week?
Impressive empathy. But there is no chance this is pure interest. The motive is to keep the nonsense comment spamming that passed a certain limit. You just didn't read the post and just commented: "Oh you posted new article? Are you back now?". Really dude? You didn't even care to read the post and you think I am here to chit chat with you? How much annoying is this?
This is for the friend and his supposed wife that visited my comments. Imagine the nerve not even reading my comment but mocking me too!
Wow, some people are really there just to be a nuisance. That is all you will ever be, living in ignorance and having no single idea how to stop spamming and offer something useful to others.
That's all about it today. Maybe in this post I offer more important advice than in any investing post or crypto related article I have written. Just remember: there are limits you can't pass.
I write all this with some anger, since the prices are not going higher and I am starting to feel I have to cut losses and exit the trade. I bought the dip using dca in various levels. If it dips more then this will be the second unsuccessful trade for 2021 and a bad way to end the year.
But those supposedly friends that mocked me when I wrote I am losing thousands in this dip, should know I have made enough for 10 years of average wage in a western country, already in these two years I am trading cryptocurrency. I can retire if I want and just become an expat in Asia. Had fun when you mocked, since once again it was proven you never understood anything, never read a single line from what I write and you are just a greedy incompetent fool.
Lesson for today: Stop writing nonsense in your comments and be useful. If you didn't read the post, you just can't reply, it will just be useless comment.
(All images are under Creative Commons Licence from Unsplash with no citation needed.)
A SmartBCH DEX on the Cardano Network
I went on a Twitter rampage today, retweeted and liked hundreds of Bitcoin Cash posts. I don't know if this helps a lot but maybe even just a little it matters.
Twitter is boring, and it needs constantly to be looking into tweets finding information in bits and making sense by trying to find something more. The limits set by Twitter make it look like each Tweet is an advertising banner. This is probably what it wanted to be, a social media of ads.
I joined and did my share today, but I don't enjoy this too much. Maybe once daily I will just like ten posts, tweet once and try to make this all in 10 minutes, as I find it to be a loss of time.
Twitter also tells us one more thing. There are hundreds of millions that have nothing productive or entertaining to do in their free time. I could only stay on Twitter for more than an hour if I was paid for this. I am not, but if it will help my investment, I'm going to try get some more action and follow the "right" people.
Surprise, Surprise
Was hoping to read some news since I was exhausted, and I found a surprising tweet. It was from Muesli, which announced it was launcing on the Cardano blockchain. What caught my attention was not the tweet of the announcement but the reception.
Source: Twitter
Muesli was mostly an irrelevant DEX in SmartBCH and now enjoys recognition and high numbers of likes and comments from the Cardano community on Twitter. I felt sad, got to admit this. Although, then again, Muesli didn't actually proceed with what it promised more than one month ago.
And instead of Muesli, we have what I find to be more promising DEX, MistSwap receiving its certification of audit from Certik. Imagine this, Muesli promised an audit but didn't deliver. Mist was from the beginning explaining the reasons an audit can be bypassed and the devs still exit scam, yet it was MistSwap that did an audit!
**To the dev and team behind MistSwap, congratulations. This is professionalism and understanding of the cryptocurrency market**. (link to the audit) https://docs.mistswap.fi/MistSwap-certik-audit.pdf
From what I know, this is a cost that may reach even $30,000. Although, to be perfectly clear, I am also expecting to find the audit listed on the official Certik website as well (link to MistSwap Certik audit) where it is not published yet. https://www.certik.com/projects/mistswap
About Muesli, as I've previously explained, the lack of communication and the innability to deliver the audit, the team itself has promised, made it lose credit in the SmartBCH community.
At the current liquidity level, Muesli is not a threat to SmartBCH if the rumors or fud become true. I think the team was focused on discussions and promotion inside the Cardano community.
As we well know, Cardano has an army of shills following it and being active on many platforms. I don't want this for my investment, it looks dangerous so I also think Cardano is not a hot prospect right now. I also think this was not organic, ok, maybe it was, but what happens if Muesli indeed had a rug planned but only wanted to use SmartBCH for testing purposes. It may be far fetched since many months have passed already, yet, Muesli seems to lack conviction to compete.
Source of image: MuesliSwap https://bch.muesliswap.com/
Anyway, I'm confusing the reader, so I will make this simple. **There are four possibilities:**
i) Muesli is a scam, but SmartBCH was not it's target
ii) Muesli is a scam, and will rug simultaneously everyone on SmartBCH and Cardano
iii) Muesli devs just have no time to honor their word and deliver a credible audit, or even proceed with hiring a person to handle the telegram and answer questions
iv) **Muesli never cared for SmartBCH but was testing its software and gaining experience to use on Cardano**.
The fourth option is the most probable.
Either way, I can't say that Muesli was properly handling its SmartBCH presence. Especially when there are concerns. There had been concerns with BenSwap too, and at some point, Mark Lamb reasurred the community on this DEX intentions. I don't know if Mark Lamb personally know the Ben team, but I was convinced when I read what he had to say. Anonymity is cool as I said previously but when it comes to the possibility of a rug and money lost, we need reassurances.
And trust is not completely out of purpose, we still don't manage to have perfect networks and decentralization in tokenization structure. Especially not when we are talking about preminted tokens or vast allocation percentages to the devs.
Can't claim not to trust anyone when a rug is possible, and especially when it is highly likely, although again, I stated my opinion above. Muesli didn't have SmartBCH in plans. It was already a DEX created for Cardano when it joined SmartBCH.
Finally
What we can get from this is the Tweet I posted in the above paragraph. The Cardano community embraced Muesli, although, I don't know how this community behaves and how experienced these investors are in DeFi.
I mean, if you are a Cardano investor, there was nothing there until recently, and even today, very few things are happening. It is all under construction in Cardano and nobody has a clue what it is going to be. A new DEX now appears and offers DeFi on Cardano, yet, is this safe, are the Cardano investors experienced with DeFi or they will invest too much and risk life savings? If there is even the slightest possibility of a rug pull, at least its effect on SmartBCH will not be meaningful enough to create problems, not even in the short term.
Second fact I wanted to mention. Maybe, we should all begin using Twitter more and do our part. There are hundreds of users of read.cash. How many of us use Twitter and why not go ahead and give our full support to Bitcoin Cash? I don't like Twitter either, but just entering this social media and helping out, may help us too.
We all earn BCH from Marc, why not make it count more? It doesn't matter if someone just sell everything the same day earned. You will be earning more if price of BCH doubles or maybe goes at the previous yearly all time high.
**Consider this please and spend 10-20 minutes in Twitter and write a few #Bitcoincash tweets. It helps Bitcoin Cash and it will help you.**
**As it has helped the Cardano fans.**
(images are under Creative Commons Licence without need for citation)
Buy the Black Friday BCH Dip!
What a wake up call. Disaster once again. I begin to think the MtGox crew is slowly receiving their crypto and begun the dump. But this is not yet what happened. In fact many of them will also grab a part in fiat, so perhaps only the most greedy and useless of them will dump.
It was a time Bitcoin Cash found new investors entering. As usual, Bitcoin BTC dropped significantly, and pushed BCH down. A pattern forming too often is the one when we see wigs in the charts. It is incredible how BCH becomes a punchball with exchanges breaking all rules and manipulating the price.
BCH would be more popular if it wasn't trading at Binance, Bitfinex and Kraken. These exchanges offer only a hostile environment that does not allow Bitcoin Cash price to rise. Maybe Bitstamp too, it is nothing but BTC maximalist exchange that has limited liquidity.
So the topic is this new dip, right about time when Bitcoin Cash was getting ready to make a big move. But what caused this dip?
Black Friday per Tradition
It is the same every year, it is a tradition for the crypto world to create dips and offer cryptocurrencies at a discount.
It is also another mechanism that helps the algos concentrate on buying the dip. Usually this dip signifies a strong bounce, so buying the Black Friday dip is important.
For those that live in a bubble and don't know what Black Friday is, this is a certain day each year on the last Friday of November, where shops offer some huge discounts on certain items, creating panic buying opportunities.
https://www.youtube.com/watch?v=MfMPRtj_50g
Did you see me in the crowd? I am also panic buying today with any fiat money I have left!
**During this Black Friday morning I bought one brand new Bitcoin Cash!**
Thanks to all the exchanges and the sellers for giving us a discount! Love you all as I increased my investment, and want to advice the rest of the world not to skip this discount but to **Buy this Black Friday Crypto** Dip too!
Buying Bitcoin Cash at cheap prices, right on the support line is not easy, but thank Binance for suppressing the price for so long and allowed many of us to reach a cool position of BCH.
Thanks to CZ and to all the buddies at Coinbase and Kraken for keeping BCH under the radar and helping us accumulate.
Although, besides the Black Friday reason, there is another one.
Popular in the US animated series, South Park in the most recent episode ridiculed Bitcoin and called it "fly-by-night Ponzi scheme."...
Now, any reasonable person will ask, what am I talking about. You don't know how much this series affects the USA public, there is a big part of the Americans that have Sourth Park as their source of information. They take punch lines and use them for years and will almost always agree with any side taken by the two creators of South Park.
South Park was used to create negative sentiment on Iraq since its beginning. Its massive appealed was used to create a feeling of insecurity towards Saddam Hussein dictatorship. In fact Saddam posed no threat at all to the USA, yet he was positioned very often in this animation, as possessing nuclear weapons while also being the representation of pure Evil. I mean he was evil, but no threat to the americans.
Another reason the US invasion of Iraq went on without any disagreement at all in the US, but major riots and protests around the rest of the civilized world.
Finally
One more punchline before I finish!
**I am Stacking Green Sats!**
You should also be doing the same if you want a way out of the ridiculous economic disaster we are heading into. Inflation is only one of the demons that wil surface from this difficult position governments are putting us in. We have nobody to help us, we are alone, us our families, some close friends and relatives we can trust, but please consider what I am about to write:
**No Politician Will Help Anyone of Us.**
When it gets difficult, you will realize it is too late. Keep a lot of your fiat money in Bitcoin Cash, you can always use it, well where it is accepted, but with time it will be everywhere. From all cryptocurrencies it is the best option instead of money.
Start stacking those green sats, any BCH satoshi counts. And don't sell, this is the bottom. Where do you expect it to go? There is no lower than here.
The Images I use are under the Creative Commons Licence with no citation needed.
Anonymity and Trust
Bitcoin Cash price recovered partially. The positive is that it has found strong support when it trades below 0.01BTC in this pair which shouldn't decide anything, but yet, traders and investors feel it does.
It disconnected from this trade for one day, and there is a bullish sentiment in the community, there is new investors joining, but there is also the problem I explained previously with top exchanges manipulating, shorting and keeping bch price at a lower space than it should be.
Not going to explain a lot more about this, since it is all speculation without evidence. As I said before this is an obvious misconduct by exchanges and a 6-year-old kid can find out. Exchanges have been causing bearish sentiment towards Bitcoin Cash. Shorting and dumping every time Bitcoin Cash is escaping the trend.
I don't know if this is possible to escape but it seems a similar event to the AMC and Gamestop stocks when hedge funds were overshorting and manipulating the public opinion in news and newspapers.
As with Gamestop it is the same but instead of hedge funds it is the Bitcoin maximalists and their fairy tales that brainwash naive crypto investors since 2017 when the split happened.
Well, the introduction was irrelevant to the rest of the post but relevant to the current situation of Bitcoin Cash and matters a lot to all.
Anonymity and Trust
The main part is about anonymity of developers.
But first the market of SEP20 tokens.
Today the SmartBCH tokens market (SEP20 tokens) had a great day. But not all of them and a lot of money is moving around between some of them and prices are not sustainable so we had Tango the new token of the Tango DEX dropping by what it seems to be 33% for the time being.
Not an investing advice, but this is where I am buying. It looks to be a great DEX and now we have four active DEXs in SmartBCH.
There are also two or three more that will come and the competition will be fierce, with Muesli already losing ground.
Muesli was fine but at some point the developers didn't communicate properly. Competition is not always fair, and some were accusing this DEX of getting ready to rug pull and scam the users. It seems it was always about the Cardano network and perhaps found out SmartBCH and tested the software.
Since this DEX has these plans, even if it was going to rug pull, why waste all the effort before openning for Cardano?
This is the mistake here that caused a lot of fud, which was fud as it had no real facts.
Second thing. I believe in anonymity on the internet. It is the right of any dev and they don't have to be known. This is not about the face or the personality of someone, this is about the code.
It can be a bonus to have a popular developer but there can also be similar plans to grab money of investors and deliver too little of what was promised. Lawsuits will be easy to proceed with a name and a face, so probably the public faces will have to be careful.
What I mean to say, is I don't judge or care if someone is known or anonymous. The anonymous developers may have many reasons. Are the anonymous writers not worth reading or are they scammers? I don't think so. Developers have different plans and some are motivated by greed, others want to create something to help others and be useful to the universe.
But there are some that don't want their work to be associated with their name, this is not a danger to an investment. Maybe they work for a tech company that would ask to patent their work. It happens, don't ignore there are reasons you never imagined for someone to be anonymous. It is the code that matters.
Finally
I raised many different topics here, and didn't analyze them a lot. There is a lot more on the anonymity issue which was my main concern today.
To summarize, I find online anonymity to be impossible for a common pleb like you and me. Those that can achieve it, are already invisible but as they keep going, they can make mistakes. When someone just tried to be anonymous without trying to damage other users, probably there won't be anyone looking for him/her either.
When a user of the internet strives to be anonymous, in most cases this doesn't happen because he is a criminal or wanted by agents. Usually this is because they have the wisdom to fortell what can go wrong if they announce their identity online.
Facebook is an example of what can go wrong. It is the exact opposite of being anonymous since users of some social media are exposing all their personal data to the whole world and villains take a hold of all this info.
And finally, do you think scammers care if you find their private information? Lets find out how many of the known scammers in crypto are in jail today. It is a few but very low number considering what happens and happened in the ICO days. Just the bitconnect guys and a few more running Ponzi schemes. The rest? Failed projects, this is how it was all explained. They didn't need to sell everything at once, just slowly until the trillions of tokens of the team were slowly selling and bringing prices down.
Note please that I don't write this to accuse anyone, and **I love the new DEX (Tango)**, this is general feeling since up next a major scammer can appear selling his or her face and asking for your BCH, just to capitalize on the fact this is a real person that has background in businesses and other occupations.
It is not about the face it is about the idea and the implementation. The token information and how much is held by the team, a possible token lock, the whitepaper, the roadmap and how it is all carried out.
All Images I use are Creative Commons Licenced with no citation requirement.
MoonShots in SmartBCH - 100x to Jupiter!
SmartBCH has been active for many months, with many developers creating and bringing us unique and advanced experience of the smart contracts technology.
The latest addition to our DEXs is TangoSwap and we have to congratulate the developers who are known members of the Bitcoin Cash community. It is one more serious DEX that the community instantly developed and while many were surprised, @Fernando had occassionally left some tips developing something great for SmartBCH!
I had to open the article with this exciting news for SmartBCH and wish best of luck to TangoSwap! https://tangoswap.cash/swap
The current article is something not unique, as I have seen many YouTubers doing the same and giving their top-10 moonshot projects.
I haven't done that before, but there you go, this is about my top-10 SmartBCH projects that I find having enough potential to reach to the moon and maybe even to Jupiter!
Top-10 SmartBCH (SEP20 tokens) TO THE MOON
Crescent Moon https://unsplash.com/photos/pi8LjnWrrHY
I write about my top-10 SmartBCH tokens I consider to have the ability to go to the MOON. Please, don't get this wrong, it is already a shilling post, I hold some of these tokens and probably the chances of 100x are very low.
Consider please that many projects are funded heavily by the Bitcoin Cash commu
Let's all be moon-boys, but also be careful and invest reasonably, since this market is very volatile and not to play with money we can't afford to lose. Be sensible, cautions and vigilant, but also be optimistic and cheerful about our chances!
The list will be simple and contain only what I see as the top-10 in the SEP20 tokens today.
There it is! Now lets look at some of them in no particular order:
**ARG**
It is all personal and have some reasons to select them above others. For example I watch the market cap of Bitcoin Cash Argentina (ARG) today and feel that $83,000 is just too low. Maybe the token is only a community token but this doesn't mean it can't grow 10 times higher, we see other tokens at 100 times higher and don't seem to offer something better than ARG.
**CLY**
Celery is one that as I read from many others it is a gamble. Although, it is still in the beginning and may have a chance to reach an unrealistic price. I'm not saying that this will be fair value, but maybe you haven't noticed that websites like coinmarketcap and coingecko don't count HEX market cap.
**BPAD**
BCHPad has a utility that involves audit of upcoming smartBCH tokens and airdrops. A must have in our wallet at all times. I expect BCHPad to be there on the top for a long time. A very clever idea that deserves the recognition it receives.
**MIST**
Out of the four DEXs we have today, I recognize MIST to be the best one until now. It has professional approach and offers even lending lately, which sends it ahead of the rest in the tech factor. I love MIST, but I also like the rest three exchanges. I wrote previously in a bad sense about MuesliSwap and I am glad to see it still standing, but I never liked the fact it considered Cardano a priority and SmartBCH as a test phase.
**MILK** (not on the list)
Sadly the price of MILK went down so much and as more DEXs appear I don't know if it can hold its current investors. I had bought some and sold at a loss, but I hope that it manages to recover since SmartBCH is very new in the DeFi scene.
**ShibaBCH**
Now, my favorite, well, at least the one that made me a 50x. Maybe you don't remember I recommended ShibaBCH earlier. Well check here, then. I called ShibBCH as an opportunity when it had a marketcap of $2,000. **It went 100x from there!** And, know what? It can go higher. I can't say another 100x is a possibility now, and there are plenty of dips at a $200k marketcap that seems to be a limit set by sellers. I also can't say this token has utility, since it has nothing else but shills supporting it. I put it there just for the reference right now. Maybe one of the loose gambles we can make with just a small investment compared to the rest, but make it already, just in case. https://read.cash/@annayks/smartbch-sep20-news-shiba-bch-new-listing-on-benswapcash-and-marketcapcash-ffd26100
**KONRA**
I just like "The Empress" and wish her success. I don't know if Konra can make it, and don't know a lot about the SLP roots of this token, but I like the person behind it.
Empress has knowledge of the market and seems like a person that has crypto in her blood. I can't also deny the support from the Konra community that are amazing guys, many writing at noise.cash. I don't like pointing fingers and recommending anything, I just want to give one tip to most projects, to put a fixed supply on the tokens, unless this is a utility token for a website or DEX that requires inflation. If not, inflation should be zero. Clearing out how many tokens will ever be is important, but I don't know what happens with the SLP version of this one, or if it exists.
**HONK**
Honk Honk!
I hold no honk, since I try to buy these tokens early, but boy, this guy behind HONK, @YoshiLivo is really funny guy. Has some interesting thoughts too and I think he was early in bitcoin, but not certain about this.
Well, I missed buying HONK early when I should, but I still think it has a long way to go! Go Honkers!
Finally
I'm done for today, the list is there, and I mean it:
Do not consider it financial advice!!
I think it is self explanatory that this is not advice but some tokens I chose under no clear or fundamental analysis but out of scope of making a moonshot, which I find it to has potential to happen for most of them.
Not gonna lie, the risk is high. I would go with NFT projects above all the rest. CATS has so much more to give since @Fuego has OASIS ready with the rest devs and this will be the emblematic marketplace for NFTs on SmartBCH.
We base our expansion in this market by attracting various artists that may have failed in Solana and WAX (both need connectsion since demand is scarce) but have created amazing art that deserves better than that.
JRR Token and NFT Fails After Copyright Claim
NFTs are common to us, but it is still not discussed on TV while the morning reporters discuss light news and having their coffee. It will happen, we will see one day NFTs in movies and soap operas, in action packed TV series and becoming the center of attention.
Pexels https://www.pexels.com/photo/book-on-wooden-surface-near-a-candlelight-6958119/
Some NFT artists are creating work that will last, but most of the rest are just there to grab some money from a booming market. The right to ownership, though, doesn't represent copyright claim to this work at most occasions. And there is another part in the story that lately appears:
Creating an NFT based on art from somebody else without written permission by the copyright owner is considered a copyright infringement and the risk of heavy fines and even jail-time is clear.
There are NFT artists creating NFT and tokens based on work that is copyrighted. Doesn't matter if you are a fan of Star Trek or Star Wars. You can't just create NFTs and use trademarks or even scenes from these movies.
And this reminds me of that read.cash member that had a very strange idea about all of this, and created a SEP20 token, tried to personally collect value from it by openning sales and did not even understood why this was wrong, but instead went on to justify himself by accusing Bitcoin Cash!
Wasn't funny and I do not agree with the lenient approach by the dev Simon to allow this guy to keep earning tips after all of that. Not to mention that the previous content was mostly trash with limited research and most posts contain invalid information, as the one about Bitcoin Cash mining.
Recently there was this developer Matthew Jensen that surprisingly tried to push an NFT related project with Lord of the Rings universe theme. Besides the NFTs he also created a token called JRR Token, with complete lack of understanding how he was infringing registered trademarks, logos, fonts, and the copyright issues of any private attempt to commercialize the Tolkien world.
When lawyers kicked his door, he deleted websites, social media and everything he could, dissasociated with the project and asked the side representing the lawful owners of Tolkien's world to pay for their legal expenses.
Guys. This was a mess. One person tried to commercially take advantage of the Tolkien name and almost everything from the work of this author. This is not fair use, but commercial theft of work of art.
On one side is the fair use, which is not always understood well how it is supposed to be used, it is like taking a sample of the work of someone else and using it to create something new.
But, this doesn't matter to lawyers. Everything, is just allowed as long as it is not. So, all the videos on YouTube can one day be deleted when the copyright ownership changes hands to another agency that will not be as flexible as the previous owner.
Finally
Those YouTube video creators, not naive enough have worked with their core followers and convinced them to follow them in various platforms except from just YouTube. Odysee and Twitch are two options today but not a lot more. Even with Odysee it seems that nobody yet is looking in it, although it has developed a lot and is now more fast than previously.
Half of the YouTube videos I watch are using copyrighted materials and monetize the channels by just talking about the art or visual work of others. But notice this, when you are using copyrighted material from a top production, the repercussions are severe. YouTube will not just shut down a channel, but will ask for all payments back, and sometimes, depending on each juristriction, there can also be orders to repay for various liabilities and damages.
Even for read.cash when we use an image that is copyrighted, it is not legal to do that. Any time a claim can appear and read.cash will have to take down the content, perhaps even suspend the account. But this will be all, the tips are not any kind of payment, this is all under voluntarily spirit and this is not a work under a contract either. It is just to protect read.cash, and also noise.cash, since I see copyrighted images thrown by anybody there.
Use the images from the websites that offer those with creative commons license, this is free to use anywhere, and depending on the type of licence most are also available even for commercial purposes. Like create a t-shirt with the image on it, use it on mugs, or any other items, or websites and advertisements.
I am Honored to Be A Member of This Bitcoin Cash Community
I am only a Bitcoin Cash investor and wannabe user, not involved anywhere, or have any connections. But I am honored to be here and have such incredible personalities striving to make a difference.
Unsplash https://unsplash.com/photos/awYEQyYdHVE
Bitcoin Cash is the underdog but is fighting a righteous cause. It has amazing developments and technology. When transacting it takes less than a second to send money around, and nobody even considers fees.
But there is more in Bitcoin Cash. The amazing community of developers and users, those that create on Bitcoin Cash, those that develop the code and those that develop on top of Bitcoin Cash.
Different personalities and sometimes difficult to match but all having the greater common good of Bitcoin Cash as the main target.
eCash
Not going to lie and tell that everyone is great. It is not like a group of saints over here, just I am happy that everyone is keen to leave behind troubles and work towards a common goal with persistence and keeping distance from previous toxicity that already brought Bitcoin Cash down a lot.
I read from the side that went with ABC that the talent is all over there and Bitcoin Cash is no match for eCash. I see nothing at all, though. ECash was only another marketing trick, messing with the supply of coins in circulation and having a very centralized development team. It succeeded in an enormous pump but does this make it a project that has the potential to be used for payments or did it only had its pump and dump moment where most of the "talented" eCash community got paid an not-so-deserved bonus?
I have no reason to discredit the ABC side since I am only looking at this investing wise outside of all of this when it happened. When oriented towards selecting between eCash or BCH, why is there a need for eCash anyway? What I understand is the side of Amauri was getting paid too much for offering too little.
Without ABC, is Bitcoin Cash suffering from any serious flaws or any serious attacks or any kind of problems on the blockchain scale? It looks like the side of Amauri was overpaid without any tax already.
Although, Bitcoin Cash, as I understand this, did not exclude Amauri, and did not censor any conversation, the arguments were allowed. At least this is how I read about this Bitcoin Cash civil war and how it seemed to an outsider. There was no Theymos censorship and basically everybody went their own approach and eventually there was no consensus and a split happened.
Unlike the BTC scaling wars when a small minority won the debate by manipulating and excluding the majority from the communications, the ABC arguments were not silenced but effectively discussed and countered by the side that won.
Even previously with Craig Wright there was too much confussion and Craig was extremely hostile as always has been. This antisocial behaviour of Wright together with the difficult to believe Satoshi claim were a drawback for Bitcoin Cash.
Finally
The character of the remaining community in Bitcoin Cash may have different people and different ideologies but at least these are not at the mental state of Craig or the other side of BTC, with Theymos and Back under control of development and narratives.
Now, I tried unsuccessfully to beat the bush and divert the topic into Blockstream. I had to do this since Blockstream currently is playing the ace it held in its sleeve.
It is big time for Back and Mow. A previous offer to El Salvador is now a $ 1 Billion contract and Blockstream is grabing all this stake.
Maybe you missed this but if so, then you missed what matters.
Alright, I'll give you a link and you can begin from there, this was the conclusion of the post anyway and I will expand into this Blockstream-Gangster goverment love affair another day. (here). https://twitter.com/Bitfinexed/status/1462290666650808324
I don't know how many are reading and extracting anything useful from my post, I think that maybe a couple of folks in here like what they read so I'm going to keep it like that. Like in politics, the crypto news that matter are not discussed at all.
The Truth: Binance Sold All Bitcoin Cash In The Exchange To Sustain BTC
A common tactic by any crypto exchange is to support the whales when they sell.
Not just the exchanges support their whale friends (which also have all the inside information they can ask for) but exchanges such as Kraken, Binance, Bitstamp, and of course Bitfinex, provide support to BTC (and the whales to sell for more profit) by selling their "altcoin" resources.
Obvious, right? Crystal clear to my 6-year old nephew that instantly identified this after trading for a few days on Binance.
BTC dips, all the rest cryptos go down by double the percentage. Nobody just rushes in an exchange to sell their Cardano, Monero, or Bitcoin Cash when a dip occurs.
This is the Maxis together with their buddies in these exchanges.
I didn't mention Coinbase? Because it doesn't seem to be involved in this. Coinbase always acted more competitive. Did I mention Bitfinex? This is the master manipulator, where it all begins. With ties to whales since the MtGox era has been creating the circumstances for bulls and bears and profited heavily for years. Bitmex used to be another one but is now more or less irrelevant.
**What happened with Binance?**
Binance has **DUMPED all the BCH it held.** Those it had previously bought at lower prices and everything its customers were holding.
It has currently ZERO BCH in its hot wallets and perhaps nothing in its cold wallets either. This happened because it didn't anticipate Bitcoin Cash to RISE as it did right after the SmartBCH release.
Binance followed the BTC maximalists and now it will be on its path to its downfall.
Binance once again dumped its BCH and other cryptocurrencies as Monero to cover for liquidity and accomodate their top BTC whale customers.
**Binance sold BCH and other cryptocurrencies to help a BTC whale sell for fiat.**
This is what is always happening with these exchanges. Doesn't need BTC pairs or anything, just needs to take out your BCH from these exchanges, withdraw and use them in more productive ways.
All this manipulation and all this dump of cryptos to support the BTC maximalists and feel entitled and everything.
What everyone HAS TO DO is take their BCH out of exchanges and put them in SmartBCH. Maybe use Coinflex too, since it seems to be on track with Bitcoin Cash developments and supported it in many ways.
Finally
This has been a joke for too long. Don't sell any BCH the price is only going to rise since adoption is increasing.
I remember listening one day to @MarcDeMesel on his YouTube channel, right after the May dumpage and the huge loss of value for our BCH. Marc was informed and knew about an entity that sold way too many BCH that caused us to have a huge dip.
This is the crypto exchanges algos that sustain the one and only shitcoin: Bitcoin BTC.
From the first moment in my adventure with cryptocurrencies, I realized the lies of the toxic BTC group of maximalist speculators.
To summarize:
Bitcoin (the crippled one, BTC) is the shitcoin.
Exchanges use BCH reserves (their customers BCH), dumb them and buy BTC on the BTC/BCH pairs.
**Bitcoin Cash demand increases and Binance failed to see this**.
Bitcoin maximalists (Since Blockstream) have no brain cells left
MtGox - 8 Years Later the Crackheads Get their BTC back!
They are not crackheads? Potheads then?
They were lucky enough to hodl their wealth for so long instead of losing it by selling at about $400 as they would have. They forced hodl'ed even before hodl was a thing!
Come on don't be judgemental immediately, I don't talk about everyone.
**The majority is probably cool guys** with no issues and aren't despereta BTC maximalist baggers. I know a few of them too. I also think Ver was among those affected, although I can't be sure he completely trusted Karpeles or MtGox. He held a lot of Bitcoins and knew how to protect himself. Ver is a good and clever guy IMO.
This is for some of them, a minority, that simply don't deserve such luck. These so called investors have now unimaginable wealth at their hands. $ 16,000 invested in Bitcoin back in 2013 makes them millionaires today. They will only get a 16% of their Bitcoins so the above is not exactly correct.
But we are mostly talking about Bitcoiners that were buying at lower than $1000 prices. Most of them held hundreds of BTC, though. Some were scammers others were opportunists all of them were in it for the money. Most held more than 100 BTC on MtGox. Those that held low amounts will receive them in dollars in their bank accounts.
This becomes clear when reading their stupid comments on Bitcoin Cash in a telegram channel most of them are gathered in.
It seems that Mt Gox may have been the reason for the last sell off we watch the last two days, one that really damages the chances of this bull run to continue, and makes us think where is the bottom.
The potheads if you prefer better, will now receive their not-hard earned prize of getting lucky various times and will celebrate with unforseen profit at the expense of everyone else.
Fact: Nobody bought the dip as they should have. Any time I gamble more than I should have, it is always a bad decision. Now I am at a loss after buying the dip that dipped more.
Bitcoin Cash wiped out all gains of November in just three days. Floating again at an insecure support of $550 and right after volumes starting spiking, Bitcoin Cash is now once again below 0.01BTC in this trading pair.
You may not understand what happened in MtGox and not quite understand why this affects Bitcoin Cash so much.
What happens is these morons will now get on their hands 150,000BTC but not just that.
150,000BCH will also land on their wallets. They were holding the winning lottery ticket for 8 years and were only crying like bitches all this time. They get more than they would ever make with any investment, just because Karpeles found a drive containing a cold wallet and gave back to them 200,000 BTC.
They should make a statue to Karpeles for having all this incredible luck on their side.
And we are here talking about development and innovation. We want Bitcoin Cash to succeed and invest in what we realize as the top performing blockchain in all aspects. Just to have these fools make such comments:
Especially this admin of the group named Oriol that is probably one of the popular BTC maxi scams that is spilling hate towards Bitcoin Cash on his every post.
I could find out who this is, but it seems he is just a nobody after looking just a little in him. Dunno, don't have hours to waste so I left this one hanging. Still the mental disorder and lack of intelligence of all Bitcoin maximalists is at desperate state today.
If this is the one I found after 30 seconds, then the whole BTC maximalist thing is just those worst dumb people you meet and think you have nothing to discuss with them about anything.
Just the last post proves that this is a nobody, acting as a blockstream shill, perhaps even paid to be there and promote the hate towards innovation in the field.
I mean, seriously anti-science? ROFL...
Finally
This is part where we end with MtGox once and for all. I hope many in the Bitcoin Cash community hold enough claims to dump their BTC and buy Bitcoin Cash to support the real innovation, the Bitcoin that works.
I am saddened to see the BTC lazy and naive supporters following the disgusting view of just a few and becoming puppets in a play where major banks are also behind.
Congrats to these lucky morons that got out of hell without even a sunburn but also made millions (most of them) for betting their pot money on MtGox. What a turn of events, from rags to riches. Better not tell this story to their grandchildren.
Almost forgot. The delivery of the BTC on the wallets is not immediate. But there are two things in question.
The delivery can happen any time at any amounts, it can happen tomorrow or it can happen six months later.
There is a lot of misinformation right now that is not helping
Whales are selling out of fear of a repeat of 2018.
The bear market will begin when these BTC are released.
Despair is the Best Time to Buy
From Pexels https://images.pexels.com/photos/6383158/pexels-photo-6383158.jpeg?auto=compress&cs=tinysrgb&dpr=2&h=750&w=1260
Buy the dip is the only option we have.
Although, Bitcoin Cash is heavily manipulated by exchanges and the dips are more severe than BTC.
When there is despair in the investing sentiment is the best time to invest. It is like an opportunity that is possibly there for a very short time, maybe a few weeks, days, or even hours.
BTC plummeted today at levels lower than $60k, and the market sentiment changes rapidly from bullish to bearish.
I expect all this to be irrelevant for Bitcoin Cash as it keeps innovating and increasing its user base. The BCH trend is upwards and seems difficult to change, odds are in favor of us.
Buy the Dip, Watch Price Bounce
From Unsplash https://unsplash.com/photos/oTweoxMKdkA
What we suffer from today is impermament, we don't lose any money until we sell. Now that prices are lower it is another opportunity for investors to buy more. Buy the dip.
I am advising often on investments by sharing my knowledge. Since the reason for the latest sale is once again negative news coming from China.
The bull market is immune to China FUD, this is why once again the market reacted negatively.
Also for once again we see the dip stopping when interest in Bitcoin Cash was beginning to rise.
Each time Bitcoin Cash is beginning to break out of the pattern and reach to a better price territory, "bad news" appear and drag the whole market down.
Is this coincindence? Exchanges with leverage trading are making the most and liquidate billions every time. But there comes a problem too, these exchanges also trade, and the algorithms they use are supportive to what they think they should always support, Bitcoin.
Bitcoin Cash is again at 0.01BTC price which is terribly under rated. It makes the market look nonsense since we see networks without a network effect preform 5-10 times better than Bitcoin Cash.
Bitcoin Cash is competing with low odds.
Finally
From Pexels https://images.pexels.com/photos/6771573/pexels-photo-6771573.jpeg?auto=compress&cs=tinysrgb&dpr=2&h=750&w=1260
Despair is what should be waking up the trader's insticts and be ready to buy when scared investors are selling. Some algorithms sold today, there was nothing massive that can hurt the long term potential of Bitcoin Cash.
On another issues I wanted to bring and I will discuss later, is that Marc De Mesel is fighting alone a honest fight in Kenya and we wish the best to this man.
Marc is honest and open person, that doesn't hide his investment strategy but is open to explain and discuss his terms. This is a successful investor that I hope to see back with us, the sooner, since we miss him and his support to the Bitcoin Cash, noise.cash, and read.cash community was always highly regarded.
Dear @MarcDeMesel , I am sorry for tagging you, I just want you to know all members of these two communities (read.cash and noise.cash) are with you and always wonder about your whereabouts.
I was glad to see your last comments on Twitter and hope to have you back as Bitcoin Cash is about to become more useful, more adopted and even better.
You are an integral part of this community and I keep reading from other members of the community (like developers and YouTubers) how much they value your presence.
This adventure will only make you stronger.
Bitcoin Cash Adoption and Ways to Make The Onboarding Process Successful
I wrote yesterday what I find to be significant for Bitcoin Cash.
SmartBCH is there and growing slowly, although the DeFi part and the NFTs seem to be at very low stage, one that will require a lot to change to make it work better and attract more investors. Not up to this discussion but will elaborate later as we move forward.
Link to image https://unsplash.com/photos/pLstF_rW-NI
Bitcoin Cash has had a terrible decline recently, right after the bad news we learned from Kroger. For publicity reasons all announcements are good, and look at how Litecoin did right after the other fake announcement supposedly by Wallmart. It has performed a lot better ever since, found renewed investing interest, and probably the stupidity of the trading bots found in Litecoin a great price movement and high volumes.
Not saying this was good for Bitcoin Cash, it made a community that is 10 times larger than Litecoin to feel terrible and messed with our bullish sentiment. The new drop of BTC dragged together all cryptocurrencies again, and we are back below the $600 psychological level.
I find myself again with mixed feelings both positive and negative but I'm also having another feeling of anger towards what I see is an unfair judgement of Bitcoin Cash by the cryptocurrency community in total. Everyone is focused on their project, this is understood, but there is no support at all when there is an injustice, like all those cynics ready to create more confusion and call Bitcoin Cash a scam, for something that was the work of people.
All these I keep reading from today that are so happy to see Bitcoin Cash not performing and are claiming Bitcoin is a scam are just useless investors that have no brain to see they can easily be the next target of speculator scammers. It is depressing, annoying and stupid.
Another important part I explained already at noise.cash and at read.cash with my previous article, is that Bitcoin Cash is considered a currency. The big funds have tied bots to any announcement on twitter and other websites offering cryptocurrency news and these bots will buy with hundreds of millions of dollars any good news.
What I find important is having good news to offer, and make an effort to push Bitcoin Cash adoption. I've researched a lot on the various projects and sub-communities trying to spread Bitcoin Cash adoption.
I made up a plan that could help, but we will have to divide it into two sections.
Small Merchants and Medium Sized Businesses
Shops run by an individual merchant and medium sized businesses. Also this section contain freelancers and professionals that perform certain tasks or jobs. Professionals can be mechanics, builders, electricians, clothes manufacturers, etc.
Now most of these merchants and professionals, interact together. We have a house painter, that would ask for BCH as payment, a great success we onboarded this guy. But, this is just a small ring in a huge chain. We should also ask this guy, a few questions first:
Where does he buy his equipment and work supplies from?
Where he buys his groceries, and other consuming habits.
Where he lives and what other merchants can he recomment for us to approach.
There are some great Bitcoin Cash communities offering bounties too, but what are the results of those we onboarded so far. We should not just convince merchants accept Bitcoin Cash, but also present them with a way to use this BCH on their own to purchase the material they will require for their work, to buy their shopping and groceries, to buy gas, buy a car, etc.
This is now an economy in the making.
There is no point to just onboard someone to accept Bitcoin Cash but having very limited places to spend this. It should be a supply chain around these individuals that want to adopt Bitcoin CAsh and this supply chain to adopt Bitcoin Cash at a high rate.
And as adoption increases, those responsible for the onboarding process, must inform their clients, of recent changes, new places that accept Bitcoin Cash near them, and the current rate of BCH adoption by consumers. Eventually, there will be a whole economic system around in a niche chain that would become efficient.
A good example is the approach of North Queensland in Australia. It is a place a merchant or self employeed can accept Bitcoin Cash, and have no problem to keep it as money and use it to purchase most goods required for a small sized business or for home use.
I've also noticed this community is not just a couple of people promoting Bitcoin Cash, but the merchant's themselves are discussing Bitcoin Cash with anyone and also trying to onboard them. This is the winning strategy, onboard those that will also onboard others. It needs to be like that to succeed in the small and medium businesses.
The Big Guns - Corporations with multiple stores
In 2014, Microsoft accepted Bitcoin. Did you know that? Even Bill Gates discussed in favor of Bitcoin at that time and while he didn't researched a lot, he thought it was going to revolutionize payments.
In 2017, Microsoft stopped accepting Bitcoin, as the fees reached the ceiling and nobody wanted to deal with BTC as means of payments. Until 2017, Bitcoin had adoption rates that seemed to become the next money in just a few years. It failed though, and this community knows exactly what happened and how Blockstream had this planned all along.
The Bitcoin adoption process as "P2P electronic cash" didn't just stop in 2017, but most big corporations that were already accepting it, removed BTC as a payments method.
Twitch also removed Bitcoin as payment later on, and Steam (the gaming platform) also stopped accepting it sometime in 2018.
Today, we see adoption in commerce giant corporations, but it is all through some apps made by the Winklevoss and some LN wallets in El Salvador. This is for BTC though, since we all know it will never be adopted without third parties that most of them require KYC procedures and offer centralized wallets. And you know what happens? Nobody is using any of these apps or credit cards or whatever app the Winklevoss tweens created. Nobody is buying Tesla with Bitcoin either.
Bitcoin Cash instead can be adopted by all big corporations, be it car manufacturers or retail behemoths like Wallmart or Kroger. It needs certain people to provide assurances, though. They all adopt the 3rd party mechanisms offered by private companies, but barely have any reason to just announce alone the acceptance of a cryptocurrency. Who can convince and discuss terms are probably the whales.
But, I think that there is always a lot of confussion and probably the top managers of these get lost in all the details and don't understand the profit they will have by reducing cost when adoption reaches mass scale.
Getting in the position of the management of Kroger for example, we would ask ourselves, why should we adopt Bitcoin Cash, or any cryptocurrency. What are the benefits and what are the possible drawbacks that could harm our business?
This needs a preparation that requires an analysis no one else but the company itself should produce. There is data available to the public, and we know the sales numbers and gross income, and the big corporations usually negotiate good terms with the banks. Having the balance sheet available and the flaw of money inside the company, an analyst can reach to conclusions and find if there is profit to be made by adopting Bitcoin Cash.
Finally
Anyway, these are my thoughts on the topic and I think that in the part of the big corporations there is just so much to discuss, so I'm leaving it open for now.
Hope that with better understanding of the supply chains and a better approach we will be able to attract more merchants in Bitcoin Cash, by not just accepting and selling the BCH but also using it for themselves.
The part that will help Bitcoin Cash more is adoption by at least one large big retailer perhaps similar to Kroger that has thousands of locations as points of sales. This will make Bitcoin Cash stronger and more respected. It is something we should be aiming and I hope that with enough connections can achieve to at least discuss it with the executives of these companies.
Thank you for reading!
When Bitcoin Cash Wakes Up...
What a letdown today, we were ready to see Bitcoin Cash climbing up the rankings and reaching the place it deserves, only to find this was just some morons hacking or having a fraudulent activity and announcing the acceptance of Bitcoin Cash by Kroger.
Price on this fake announcement spiked and Bitcoin cash was looking to be once again a force to be reconned as it once was, but this was only an elaborate scam, a method by some speculators to attract buyers and sell on a price just 10% higher.
Either that, or some group of people dedicated to creating negative attention on Bitcoin Cash.
But there is one thing to be optimistic about. When there are good news, there is extreme demand for Bitcoin Cash.
There are positives from this
Nevertheless, what happened is only a sign of what is about to happen when Bitcoin Cash meets acceptance as a currency by a major commercial business with multiple stores all over one country.
I take two important signs out of this:
I) There is enormous potential for the price of Bitcoin Cash
II) The crypto community just noticed Bitcoin Cash again after years
III) The fake news may be followed by real adoption
IV) There is DIFFERENCE from adoption with 3rd parties involved, and directly adoption Bitcoin Cash P2P with no other third party involved.
For the consumer and the business it is best to adopt it directly, as P2P electronic CASH and wallets beyond the reach of any trusted third party.
For governments or the banks, it is the Bitcoin - BTC approach that works, everyone using custodial wallets is
V) This chart of Bitcoin Cash is the current bullish channel.
(From: tradingview) https://www.tradingview.com/chart/BCHUSD/FYlJxb5R-BCH-a-roadmap-to-1000/
An accelerated bullish trend is possible and until December BCH has the ability to reach at $1,000. And it will be a good start.
Finally
One lesson we learned today, and this is that Bitcoin Cash focus must be on retail adoption. Acceptance of Bitcoin Cash as cash is the focus all this time and the second layers are secondary. Smart Contracts are important and SmartBCH may take a while before it begins having some decent bridges with other blockchains, and even then we can't be sure success is guaranteed.
Although, this movement for Bitcoin Cash today, explains perfectly where we must succeed. The more retail businesses adopt Bitcoin Cash it will be the better for its price and the best publicity this coin can have.
But, an important detail, focus on P2P adoption. Something no other cryptocurrency has succeeded in yet, but only focuses on centralized third party operators, that control the funds.
Bitcoin Cash with P2P transactions is the vehicle to freedom of controlling our funds. Avoid third party adoption, and success is guaranteed.
Invest in Bitcoin Cash, A Priority Today
To begin with, I wasn't ever a core supporter of Bitcoin Cash. It is just lately I've found BCH and after doing my research, and felt this definitely has a future.
This argument was cemented while watching many of the rest cryptos having extreme fees just because they increased their users by just a couple more thousand.
I'm not invested today, in BTC or ETH for this reason. These networks seem rotten to the core and unable to create anything better.
The year 2021 started with Ethereum announcing Proof of stake. Even that was messed up and took a lot longer than it should have. And this was supposedly the first step of Ethereum 2.0. I can imagine the second and third steps taking two decades to finish and finally Ethereum to reach scaling similar to what Bitcoin Cash has today.
SmartBCH simply proves there is no need for Ethereum upgrades and ETH2.0 but a massive migration to SmartBCH instead.
Investing in Bitcoin Cash Matters
Investing for period of 10 years in Bitcoin Cash is the best long term strategy. It doesn't have to be a one time investment, but one that can be within years. A good approach is to buy on each of the two or three huge dips that we see each year. Although, a better step is to buy small each month for 5-years.
I understand well, the audience in read.cash already knows that. I only want to verify my position today, that I find Bitcoin Cash a favorite to reach the first place in the marketcap rankings (and not just in marketcap.cash!! but also at coinmarketcap and coingecko).
This will need many years, since the forces behind BTC have now power that is real. But they will be uncovered by investors and now it is a slightly different ground that can easily bring BTC down to the ground.
I tried to explain the dollar cost average, that I previously also said is not a great strategy, although one that can make sense to the retail investor.
Bitcoin Cash is a great investment and you realize this when you meet this amazing community it has created. First of all, the developers and the community that distanced themselves from Blockstream and right after all the rest that followed. Investors like Roger Ver and Marc De Mesel, and some more that we see lately like Kim Dotcom. Kim said he doesn't own any Bitcoin Cash, though. Anyway, when you look at the people behind there are some names coming from the beginning of Bitcoin. This is a strength for the Bitcoin Cash community. And we also have developers with a voice that matters with connections and prestige.
Although this is not about the people, and we have seen how this can turn when one dev or group of devs becomes too important.
One thing that was holding me back to invest in BCH was this, there was some centralization and control by the ABC side. And it was proven later, with the last split, that seems it was the final one, though.
With Bitcoin Cash I didn't just invest waiting for a better price to sell later. I invested in the future. This is the currency factor that makes Bitcoin Cash and excellent form of money with low fees and also very fast transactions.
Transactions that settle instantly, while using credit or debit cards they settle the next morning (and not always either).
I don't want my bank to be responsible for me. OK, maybe I want protection, and banks are giving it. But I want my money to be available the moment I ask them.
This is the permisionless system that Bitcoin Cash and other cryptocurrencies have.
Just these two small things make a huge difference since very few cryptocurrencies can have both.
I've also read about security of the networks and how the hash rate of Bitcoin is making it better in these terms. I agree this is a factor, but wasn't this argument the same in 2017 and also the same in 2013?
It was all about the petahash and exahash that secured the Bitcoin network. Yet, Bitcoin has top secuirty with 140 exahash today, and also had top security level in 2017 with 8 exahash.
The argument was no different, it was always about nobody being able to attack the network. So, this 132 excess exahash in the network (~92% of the gross hash power) is not actually required. It is excessive hashpower in this network for security terms, and only increased this high since price of BTC is also at excessive level.
Security of BCH is at top standard, I have barely noticed any attack previously, except on possible attempt three years ago that miners countered with joint hash power. This was a real threat, still the miners of BCH, as with BTC, secure the network, and often switch sides to increase their profitability.
Maybe the BSV event was a reason for concerns and certainly an alarm that rings, since BCH can't exclude the option some mining pools or speculators with rent power may have to try and harm the network. Still, nothing has happened.
Bitcoin Cash works like a charm. And it manages to charm even more daily. But I left behind the main reason that made me invest in Bitcoin Cash.
The grand community, every one that downloads a Bitcoin Cash wallet today, and finds in BCH a wonderful new money, that is looking and acting better than Bitcoin.
It is Bitcoin since it shares the same blocks with BTC, although it is more in the terms of the spirit of Bitcoin rather than BTC that has completely missed the turn and is at the thands of Wall Street executives today.
And I don't mean the investing part either. I love it when I see the Wall Street being hot for Crypto. I mean the part that the Bitcoin Cash community only tells today. The meddling in esoteric affairs and the relations with a central part of Bitcoin development, which is Blockstream owned for the last seven years. Blockstream.
So, Wall Street, perhaps banks, and even more governments, are interesting in having a voice that counts in any serious development, not just Bitcoin. This is where Bitcoin Cash moves unaffected and diversifies.
Law Token Offers Better Tokenomics with Staking NFTs
I have heard of staking NFTs before and receiving a token as a bonus. I did not fully commit to research these projects, but found it to be a feature that helps sustain price at better level.
I was not convinced on buying Law tokens to buy the Law Punk NFTs, although I did buy one NFT at the mint price of 0.01 BCH, since BCH was also an option.
LAW, though, as a token, seems to be now having an interesting use case, and Law Punks as NFTs will have the ability to stake soon, and offer LAW token in return.
When I see radical changes in a token model, I usually stand back and not feeling very confident. The approach to create additional use cases is not easy to handle especially when there is a fragmented market with the possibility of failure reaching high rates. But, sometimes, there are also changes that clearly will help a cryptocurrency. Such is the case with SmartBCH that has really good odds of succeeding.
NFT staking and Leveling up
Law Punks could have just stayed back and not change anything as other NFTs are doing. For some it works as they see more interest, but for most of others, the interest is lower after some time and nobody cares a lot for the projects after a while, as artists will move to their next collection.
There is simply too much supply in the market today when taking into consideration all the blockchains and all the marketplaces. We have NFTs cost millions of USD, but this can also be just for publicity of the networks and for the media lights. These sales are real, and with such purchases are mostly proceeding the crypto rich whales, but also some other investors for their own purposes.
Interest in this LAWs could be dried out after a while, although I have found it to be in excellent state when it comes to the community. This NFT collection has too many buyers to not consider it. Also the token behind this project, LAW, has been pushing higher for weeks.
It is one of the main attractions of SmartBCH today.
Explanation of the recent update by Dinopawz
https://www.youtube.com/watch?v=GjAYP8wKWS0
Dinopawz gives a full review of the most recent Punks update that is coming within next week.
Here is the link to the chart released by Law Punks team, BlockNG:
https://docs.google.com/spreadsheets/d/12SPhixm0zQsxeWAtJbUJsr9vlF6V_YO_ubXA8yBfyjA/edit
This chart is explaining the new statistic called metaverse power, that will be used to provide minting power for each staked NFT.
Also, a hashrate chart is available to explain how level ups will help increase the rate of LAW tokens stakers will receive as a bonus.
It is interesting as there are some features on what was considered common "humans" seem to have unique high attribute number as 2 humans have 7 different attributes and about 10 human NFTs have 6 attributes.
These give very high hashrate that could bring high profitability to the respectful owners.
Finally
Dinopawz explained very well the new concept of Law Punks. We can speculate that price of LAW will be higher because the token will be required to upgrade the NFTs up to level 100.
All upgrades will be giving more hash power that will increase the LAW mining and profit.
For this reason, I also expect LAW price to do well in the future, as the Punks NFTs already have a great community driving volumes higher and have done excellent as one of the fist NFTs in SmartBCH.
Recommended following:
website: https://blockng.money/
telegram: https://t.me/BlockNGGlobal
telegram 2: https://t.me/LawPunksSale
The SmartBCH tokens are Back!!!
I have been waiting for a moment like today for the SEP20 market and it gives us a huge boost in confidence and encourage the beginning of a sustainable rally for SmartBCH tokens.
*(Image is taken from Pixabay free download, Pixabay Licence,* *link**)* https://pixabay.com/photos/mars-red-planet-planet-space-11012/
Tokens today made even 100% as CashCats did and we have hopes for further future adjustement to the upside since these are projects that work towards building the future of SmartBCH.
The recent reversal came just in time to leave behind the latest series of rug pulls, with the top one being the Beach Swap rug pull that stole more than 200BCH from the ecosystem. I think it is important not to forget this one, and instead keep careful watch for any similar possibilities.
The Market Today
Congratulations to the projects that had these amazing results today. Well, BCHPad is down a lot for a week and hopes are that these are just the last airdropers dumping their tokens. I wouldn't though because it is one that has to be considered having a use that can help the whole market.
BCHPad has a solid concept and could help the SmartBCH network explore tokens and uncover the scammers before they attract too many BCH and exit-scam.
MILK, the token of the Muesliswap exchange is up by 20% today, although still 50% down from the recent top. Same for EBEN, the native token of Benswap, that as a price is down a lot, but its inflation is also rising, and holding a market cap of 7 million USD.
LAW , the native token of LawPunks NFT, that has also some DeFi option with high yield, is in a bull run, especially after the end of the mint of 10,000 NFTs that attracted a huge crowd (for the current state of SmartBCH) and have been trading massively.
MIST, the native token of Mistswap has also been rising after the reduction of Mist rewards from 1000 to 100. The price of MIST is also rising significantly for two weeks and paid off good profit to the yield farmers at Mistswap.
I left for the end CashCats, with $CASH attracting most of the recent attention in SmartBCH, almost doubling up today in price and now meeting strong resistance from short term speculators (traders).
If you ask me about one token, I gave it earlier:
Take The Best Positions As The SmartBCH Rally Begins! https://read.cash/@annayks/take-the-best-positions-as-the-smartbch-rally-begins-01a562f2
Also explained all my reasons and had some friends that thought the same about $CATS. But I don't plan to sell after it doubled up my investment. Not, especially, with what we read from the development side and the NFT collection that Cash Cats is about to release!
After the recent volume increase in the Law Punks NFT collection we should be ready to take this opportunity, as I expect that this time most SmartBCH investors will be even waiting the launch with their watch at hand.
Crypto-Finally!
After the recent explossion in LawPunk volumes there is going to be mayhem in Cats NFTs. We will see though, and there is no reason to unecessarily create hype about Cats.
I only share what I see, according to my experience and analysis. If you remember my previous call on ShibaBCH and what I wrote when its whole market cap was $2,000 you know that I find some strong opportunities and grab them.
It is early still, but this nft collectio will be soon ready, and judging by the 50-60 readers I have, I hope to help them with the right decision when the moment comes.
Never go all-in, though. This is not a gambling game we play, boys and grils. We are very careful and always protect our investment but we bet higher on the better chances.
MtGox Act 3: The Bearish Ghost Returns
Image from Wikipedia https://en.wikipedia.org/wiki/Mt._Gox#/media/File:MtGox.png
It is very long time with Bitcoin Cash and we are waiting but we can agree on one point. It is up 100% from the beginning of the year.
The problem we have is that almost anything else is up a lot more. Bitcoin Cash keeps losing position in the market. It is today in the 20 place and we are in hope of a change in this but nothing moves it. It is stuck to a price that is low.
We have so many news that are amazing but on each drop in Bitcoin price it is BTC gaining more advantage to Bitcoin Cash.
This write-up is about Bitcoin (BTC) though, but it has implications for the price of all cryptocurrencies. Nothing is spared, and when Bitcoin turns bearish so does the whole market.
Mt Gox - The Beast from the East
I wrote last month about Mt Gox rehabilitation plan.
Since many don't know what this event was let me explain:
Mt Gox was operating in Japan, created in 2011 by Jeb McCaleb that later founded Ripple, and was sold to Karpeles in 2012. Between 2011 and 2014 it was operational and at a point it was producing 80% of trading volumes for Bitcoin.
Bitcoin back then had 90-95% dominance in market cap, so the rest cryptocurrencies existed but had zero influence and considered to be scams and altcoins.
In 2014 Mt Gox was shut down after the administrators (Karpeles) announced the exchange had suffered a series of hacks all the years it was running and in total it was 850,000 BTC lost.
It had stopped withdrawals and delayed for weeks but was also accepting deposits. It filed for bankruptcy and during the investigation Karpeles announced the discovery of an older cold wallet that contained 200,000 BTC.
This is what Mt Gox is about today. A rehabilitation process that begun and the victims that want to distribute these funds according to their claim.
In 2017 the trustee of the rehabilitation process, Nobuaki Kobayashi, under agreement with some victims started selling part of these Bitcoins, with BTC at 20,000 USD. The problem was that Kobayashi probably started the bear market of 2018 with this action.
Whales and investors got scared with the amount of 200,000 BTC, and the sales begun. In the end Kobayashi sold close to 50,000 BTC and there was a remaining 150,000 Bitcoins left for an agreement to be reached with the rest of the victims.
Now, this agreement has been reached: https://www.mtgox.com/img/pdf/20211020_announcement_en.pdf
What this means is that 150,000 BTC from the remaining in the Mt Gox wallet will be given back as rehabilitation process suggests. This 150,000BTC was valued 67 million back in 2014 with the price Bitcoin had then.
Today their total value is 9 Billion USD. The price of Bitcoin was $450 when Mt Gox was shut down and today is 130 times higher.
The Rehabilitation Trustee will then make repayments to rehabilitation creditors holding allowed rehabilitation claims in accordance with the Rehabilitation Plan. An announcement will be made to rehabilitation creditors on the details of the specific timing, procedures, and amount of such repayments.
The announcement will be next month. Some undefined time in November the creditors will receive their Bitcoin back.
If you ask me, this is bearish.
The collapse and bankruptcy of Mt Gox started the two year bear market in 2014-2016. It took exactly two years for Bitcoin to recover and the main event that helped it was the halving in 2016 (think it was in summer).
Mt Gox was again, one of the main reasons for the end of the previous bull run in 2017, when the trustee started selling. He sold 50,000 BTC within perhaps 8 months and stopped after that, but the market kept losing ground, and was looking bleak.
For Bitcoin it took one year and a few more months to begin recovery, but the reality was that the bear market lasted again for 2 years. It only managed to reach to a new ATH two and a half years later, again a few months after the halving.
Finally
If you read all of this, probably you know more now. The bears are again waking up after a short recovery and new ATH for BTC, Ethereum, and some more coins that probably will have no future when the bear market begins.
The Bitcoin ETF pushed price high, but it will be easy to push it as low as ... way lower than the previous 30k bottom.
My estimate is for 10K. This bull market is not convincing and has many differences from the previous too.
The recent new ATH of 68k (not even $70k) proved the fatigue from this bull run. What is sad is that some coins that should have risen a lot more like Bitcoin Cash, Dash, Monero, were kept back and losing ground to BTC.
And instead we watch meme coins rise, and all this speculation but again on all the wrong crypto.
Next month, or December the Mt Gox final 150,000 Bitcoins will be handed over to their rightful owners. With 13,000% profit, what are the odds almost all of them will be instantly sold?
SmartBCH Overcomes Scammers and Minor Difficulties
The SmartBCH network has done great since start, but there is lately a series of exit scams that plagued the market. It becomes a problem but I suggest not losing faith and not make the mistake to just quit.
DeFi started like that in Ethereum. Exit scams that were later named rug pulls as a clever way to express what happens when the devs are exit scamming.
A rug pull is a malicious maneuver in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds.
More info at coinmarketcap https://coinmarketcap.com/alexandria/glossary/rug-pull
Free to use image from Pexels: link https://www.pexels.com/photo/man-people-woman-girl-6266311/
It is worse when this happens to be a DEX which is what Beach Swap was.
Many scams are affecting the market, but it is no different from the rest as Ethereum and the other smart contract blockchains suffer from the same scams.
What makes sense though, is the potential is still there. New smart contracts will keep coming and it is a duty of everyone to be suspicious. Bitcoin Cash also has many enemies that laugh with these scams, so we are all obliged to do better research.
Scams will always come and go, these are professional scammers since they created a website that wasn't an easy task.
It seems this scam attracted 1 million dollars in BCH and I hope the scammers are found and return the funds.
But we need to move on and not stop being attentive to the space. I hope that nobody lost too much, although, with the amount I am reading (1 million USD) probably some investors lost a lot.
As far as I know, there are 3 DEX that operate in the smartBCH network (Benswap, Mistswap, Muesliswap). All seem to have anon developers but is the purpose they have to scam us? Nobody knows. It seems from what I read these DEXs had some presales of their token and went as well as beachswap did.
But since they didn't run with this BCH all this time means they probably will not later. Unless they failed with their approach and are losing money. But, I think they are in profit and want to be part of the SmartBCH future.
The approach of exit scamming is also a crime and anyone lost enough money can ask for support by financial criminal authorities. Arrests have been made in many occassions, so are these devs so confident of their abilities and really think they won't be found?
It is my intention to keep investing and support SmartBCH. We should not feel let down from a few scams, we will be supporting those that deserve it and be more careful with how we approach this.
The devs behind the projects also matter. If we have some famous names of the industry developing something useful it means more than an anon dev that has no credentials. The ex Ethereum devs have all managed great out of Ethereum, having their name backing their projects. See Cardano and Polkadot.
In the NFT field we have seen one attempt that was coming from a well respected individual, Corbin Fraser from bitcoin.com, that created the Puffer NFTs. With the funds collected handed out to donations, this makes it an attempt worth mentioning. And the NFTs will find a big market when the NFT marketplaces will appear in SmartBCH.
I wrote previously about the development of one of them, but I didn't know about OASIS, this is a recent announcement that we expect with excitement.
What would make the NFTs on SmartBCH more interesting would be a way to tokenize art into NFT without many difficulties for the artist. Maybe an automated system that will help release the art into NFT and create collections.
It could be interesting to see an explosion of NFTs within Bitcoin Cash, in the way it happens with Polygon and Wax. Ethereum of course is prefered by some top artists, but I see no reason we shouldn't support a network that has a very low cost for the creation of smart contracts.
Lawpunks is also one NFT that became very popular, I've read how it sold 10000 in three weeks and watch their market rise lately. It is huge for a boost in the beginning and we should be praising and supporting these projects that create value in these beginning stages of SmartBCH.
Finally
I rarely have any complains to make, although one time I had to write about a certain issue that was a very big concern of mine, still this is being solved by read.cash so I am not going to write about it again.
I checked the Law Punks and loved it. These NFTs when organized and having small differences in rarity, they can grow a lot and become very popular.
I am happy to see many in the SmartBCH getting involved, it is a definite positive sign that boosts our confidence on the success of this network.
Take The Best Positions As The SmartBCH Rally Begins!
You probably don't realize yet how lucky we are to be this early in this market of SmartBCH. All it needs is patience, keep working positively towards increasing adoption and there will be a point we can sit back and enjoy at a position of advantage.
Image downloaded from Pixabay (free). https://pixabay.com/tr/illustrations/uzay-arac%c4%b1-uzay-gezegen-uzay-gemisi-441708/
I have a question to my readers as I value the opinion of all other users of Read cash and want to make my topics more interactive. It is always better than a boring one-sided approach when we are writing and expressing only our view.
The question is this:
We have 33 tokens today listed on the SmartBCH SEP20 token index, MarketCap.Cash. If you were given $1,000 today but with the option of selecting just one of these tokens and investing this $1,000 for long term "hodl", which one would it be and why?
Although this is the one approach of buying the asset, there is also the DeFi aspect, where we put our tokens for a good use and try to multiply them. Will this also be an option to you? You can buy only one token but exclude BCH, so the number goes down to 32.
We can have a fun and constructive conversation, and I am also considering this a lot. The terms would be better if we could choose between two or three out of them, but I also think that selecting only one, will make us think better, find the details we think about, examine the charts and the concept behind the project.
I will explain which is the "one" for me and why.
Which SEP20 token I selected and why.
I explain again that there is no reason to just go with one investment and ignore the rest, always the best way had been to diversify for me, although in the crypto market there is the BTC dominance that affects the prices of the rest assets. If it gets very lower as a number, it will stop becoming a burden to the rest crypto assets and allow a better competitive environment.
In SmartBCH we have reached 30 tokens and soon 50 and next target will be 100.
Some of these SEP20 tokens were also SLP and either migrated or created a new token with SmartBCH. It is also nice to see action and if it is SmartBCH tokens that will become more important in the future, I find the move to SmartBCH an important one.
My selection
After a lot of research and some latest developments, the SEP20 token I would be CashCats. My reasons are stated next:
1) There are plans not just for NFTs but also an NFT marketplace:
2) CashCats was probably the first token on smartBCH or at least one of the first, and has a respected developer (Fuego).
3) It is a meme coin but it is a unique meme coin not a copy of another meme.
4) Had previously partnered for an airdrop of $CATS with Satoshi Angels
5) It has enough liquidity to buy with $1,000 without affecting the price greatly.
6) First token with farms at BenSwap. The farm was relisted lately and offers high yields for Defi farmers!
6) I just love cats! Awful argument, I know, don't count this.
I to select $CATS from all the rest as my top-favorite, but this doesn't mean that I don't like other tokens. It is only very small details that make me select it (perhaps the fact that I love cats!). I still think in the future we will see a lot from at least half of the 33 tokens listed today at MarketCap.Cash.
As I explain it is not correct advice to buy only one token, as an investment, but it is always better to diversify into many of them. Although, with 1K it is better to find two or three. As prices rise we can sell some, perhaps if prices double we can take out the initial investment and leave only the profit, having lowered our risk close to zero.
Finally...
The Image is downloaded for free from Pixabay https://pixabay.com/photos/french-bulldog-dog-smart-look-gerda-1417248/
Well, tell me now your choice! You can find the SEP20 tokens listed at MarketCap.cash. You can shill your token bags in my comments section! https://www.marketcap.cash/
Are We Ready For A SmartBCH NFT MarketPlace?
We have seen some NFT collections released on the SmartBCH blockchain. Poolside Puffers for example is a distinctive NFT. There are more that are coming and hope they follow what Puffers did and not just be copy of successful NFT series in the Ethereum blockchain.
There are developments in this field and soon we will have on SmartBCH a similar marketplace to Open Sea. Remember NFTs were worth very lower than today two years ago. It is not an instant market that will change everything for BitcoinCash. We will need to have a lot more.
A good start will be to have games developed running with SmartBCH. We need to attract big funds and to produce with these funds more. This whole procedure will take years, so have this in mind, that profit may take a while.
Why Some Ethereum NFT collections are priced so high
Image downloaded from Unsplash https://unsplash.com/photos/1rBg5YSi00c
I have to explain a few things before I present the NFT marketplace. NFTs are on various blockchains today, not just Ethereum, but the Ethereum NFTs have reached very higher prices in some collections.
There are many reasons for this, but don't think that everything is just simple and the SmartBCH NFTs will be instantly worth thousands of dollars. Maybe they never will, when you buy an NFT think of it as you are donating your money to the developer. There is no reason NFTs should have very high prices.
Ethereum NFTs had these facts:
NFTs had fake sales and high volumes to increase their publicity when the bull run started.
CryptoPunks is awful, it is an 16bit graphics design of the age of EGA and the first console graphics with huge pixels of some ugly faces that look like shit (I'm sorry for the expression). There are some NFTs that are art, and some that are just bad design and a joke.
Fees to sell an NFT are very high. You can't sell an NFT for lower than $300 at the Ethereum network using Opensea or other markets. It is not going to worth it, the fees will make it not profitable.
Some NFT developers were already crypto-rich and could create artificial prices waiting to find suckers. This is what the CryptoPunks did. It is worthless but they created huge marketing just with the sales (fake and real). It has real sales but only lately, there are many suckers paying many ETH for no reason, and think it is cool to use for their Twitter profile.
You should buy a few since the prices are low, Puffers I think was two dollars price, so buying one or two doesn't make a difference.
When you buy, think of it as you hold zero in dollars and you wasted your money. There is no guarantee any NFT will have a high price. The Ethereum NFTs comparison is not correct. This is the reason, if now any NFT suddenly rises too much, this will be like you bought a lottery ticket and this is the same for Ethereum.
Those at Tweeter boasting how low they bought an NFT and sold at hundreds of thousands don't realize they only got lucky. They don't understand they bought a lottery ticket and think they were clever in their trade. And there are plenty of them that just display some low IQ with such tweets.
Rares.cash
It is not ready but one can take a look already and discover the upcoming SmartBCH marketplace.
With rares.cash we will be able to list our NFTs and trade, buy more from the selected collections it will be offering and even create our own NFT collections and later put them on display and trade.
This feature will probably attract many NFT artists and creators in SmartBCH, especially with the recent success the few NFT collections on SmartBCH have seen.
The option to Connect our wallet with the web3.0 interface is not implemented yet, since the website is under development.
Developer of rares.cash is @webeli , the same developer that gave us the MarketCap.Cash tokens market website.
Rares.cash is under development not for a long time, but I hope to have some wonderful news very soon. The interface seems to be user friendly and I am sure Webeli can manage well with the experience he has from running MarketCap.Cash.
I will be back with a full review when rare.cash is fully developed.
Finally
I don't know once again what to think of the market. When I am not entirely sure of something I prefer not to risk, but the price of BTC is beyond logical assumptions and behaves quite often irrationally.
It seems that too many "bulls" are onboarding and not hiding their excitement, some of them are famous billionaires, others are some scary individuals that are not very famous, and we also have all those bankers lining up recently and releasing statements of bull runs and price alerts.
There is part of the banking system that is always connected to their mafia past and there is part that doesn't work the same but have been more conservative in the investing part of banking.
It is what it is, the banks have now leverage and control Bitcoin price. There used to be whales communicating and together with crypto derivatives manipulating price, but with one way (Bitmex) to another (not naming this), they slowly or abruptly disappeared.
Binance is at a very difficult position and is the next one. Alright, what is the exit plan for Binance in order to survive? Shrink. If it doesn't shrink to 10% of what it is today, it will have huge problems in the future.
This is also a financial advice for the whole BNB and BSC network and the investments in it. Slowly, in ways that only a few will notice, Binance will keep shrinking. In volumes, in customers, and BNB price within the years will become insignificant.
Prompt.Cash To Support SmartBCH Swaps Of Bitcoin Cash
I decided to watch the prices at MarketCap.Cash in BCH value. We invest our BCH there, it is not USD we invest and we have to know if the tokens we own are performing better than BCH or worse.
It is tokens running in Bitcoin Cash and SmartBCH, so we do not use fiat to buy, at least we don't use this yet, but maybe there can be changes later in the future, if one of the tokens gets listed outside of the SmartBCH marketplace, in Ethereum DEX or even listed at a crypto exchange.
Out of the top performing for the previous week we find ORB and AxieBCH. MIST, the native token of Mist Exchange is also the new adition at MarketCap.Cash and Prompt.Cash (the payment processing service) announced it will soon support the SmartBCH chain.
Let's find out more details.
SmartBCH SEP20 Tokens Today - MarketCap.Cash (in BCH price)
The SEP20 token market today has not performed great compared to Bitcoin Cash, but there are a few exceptions as I mentioned in the beginning, AxieBCH, ORB, Maze and Spice, have performed amazingly throughout this week.
Follow and bookmark MarketCap.Cash for price changes in a dynamic website.
The prices are in BCH since our trades are in BCH, so it suits me better having this unit (BCH) for comparison.
Prompt.Cash Announces Support for SmartBCH
As announced in a Tweet, the online payment processors for BCH Prompt.Cash will offer SmartBCH support. This will be a method to swap BCH from the main chain to SmartBCH without the use of custodial services like Coinflex.
Until recently we could only tranfer BCH using Coinflex. A few weeks ago we also learned about Wagon.Cash and now we will have a leading payment processor offering non-custodial swap of BCH.
It is a development that will probably become the main Swap method, since it will help us reduce time to transfer to and from Coinflex. Congratulations to the PromptCash team.
Solid DeFi Advice by Ben Lamb
I left this one for the final part of this post. Sometimes I also give similar advice, although Ben Lamb managed to summarize everything in just a small message on telegram.
Focus on the long run and wonder if the tokens you selected are going to be viable and profitable for a long time. They can be exciting in the beginning but suddenly fail.
I will add to this what I always say. There can't be tokens just for the sake of speculation. It will be sooner or later they will be forgotten and abandoned. These are blurry financial instruments and token contracts also require auditing.
Finally
Image downloaded from: Pixabay https://pixabay.com/tr/illustrations/i%c5%9fletme-ta%c5%9f%c4%b1y%c4%b1c%c4%b1-%c5%9firket-toprak-el-764929/
We make our own fortunes. It is not easy to not sell and lose profit after prices drop. It is not easy to hold and lose money if prices drop. It is also not easy when after selling prices rise a lot more. But it happens and there will be some claiming the bought for the next ten years, although I am not sure if they will stick to this plan.
I don't tell anyone to hold for ten years anything. Maybe this is the system some countries work with stocks and have regulated pension systems to massively bet on stocks. I find crypto and stocks to be speculative and worthy as such.
I don't count my wealth in crypto. I can also tell you that crypto is related to inflation, but mostly is related to how the economies are moving. Bitcoin (BTC) is nothing but speculation. Bitcoin Cash has better odds because it is has the low fees direction that makes it better choice in terms of ... anything.
Bitcoin has a Use Case? A Fake One - An Event That Will Land BTC to the Bottom
Downloaded from Pixabay. https://pixabay.com/tr/illustrations/gemi-gemi-enkaz%c4%b1-deniz-dalgalar-1366926/
It is possible that Bitcoin (BTC) still has a use case, hedge against inflation. But this is not going to happen. The big funds know this is a volatile highly speculative asset and will never accepted it as such, leaving everything to be just for speculation. All the maximalists still blame bankers for everything on Reddit, Twitter, and other sources. It is very possible that all these self proclaimed Bitcoin maximalists are just tools and represent the same interests they accuse.
There is a growing scepticism on all those that used to be bankers at Goldman Sachs and the CEOs that find an interest all of the sudden, and asking for regulations. It is hilarious these are now laser eyed holders in Bitcoin (BTC).
It is sickening watching bankers getting away with murder with everything they did until and since 2008, and not one of the real criminals arrested or charged for the destruction of lives of millions.
But it is equally disgusting watching the same guys today making all these comical remarks on how Bitcoin (BTC) will dominate transactions with the Lightning network. The reason it won't is very simple, nobody needs the Lightning Network, it doesn't offer what Bitcoin used to offer, or what Bitcoin Cash and a few more blockchains still offer today.
BTC Is Not A Hedge To Anything
I do not wish or care to explain, others have done the same hundreds of time, it is very simple though, and the bitcoin maximalists are just creating fake impressions once again, and beguile the naive investors with their fancy words and quotes.
It is the same gang with the farcical fiasco of meme stocks and the Reddit group of so called investors that was supposedly fighting for the little guys but instead was serving the masters exactly as they wanted.
Not the same people but in the same frame of mind were luring oblivious retailers that got their hands on money they shouldn't hold or didn't deserve. This is the invisible hand of the market grabing from the poor minded that wonderously won the lottery but didn't know how to keep the money.
I don't accuse WallStreetBets, they did great to pump and dump stocks, although there are laws against this behaviour and the half-witted proposals and ideals were deceitful.
As we know them well the Bitcoin maximalists have now convinced funds and also have reached at heights that can be convincing with sudden price moves that create bullish sentiment even though there was none.
We have the scam, Tether, and most recently it was announced the SEC has subpoenaed Circle for the unrealist USDC minted. It is getting close to Tether and it is at a dangerour territory.
Finally
The use case for inflation is still fake for Bitcoin (BTC). It is supposed to has become a safe haven, and many now think that 1 million USD is not enough, of course aiming for that price as the ultimate, but probably the real collapse will be way before that.
It doesn't make sense to have a blockchain network running just to have 21 millions of coins as a hedge to inflation but the network being slow and asking for high fees. This is not how money works, and not what progress demands, this is retarding progress and innovation.
I'm going this once give the time when this parody bull run will definitely end, this is not right now though. The real crash begins with MtGox Rehabilitation Plan.
There was a proposal back in May and there is an deadline that will soon expire. It is about liquidating everything under the same Japanese Trustee, the guy that started selling back at 20k in 2017 and created havoc to whales. Whales this time are watching and will try to dump BTC before the trustee. https://www.mtgox.com/img/pdf/20210531_announcement_en.pdf
Anyway, nobody told you anything like that, but pay attention, in a few days we will have some news on the MtGox remaining 200,000 BTC and how they will be liquidated to pay those that bought in 2013.
SmartBCH Tools For All
Downloaded from Pixabay https://pixabay.com/tr/illustrations/yapraklar-arka-fon-yaprak-%c5%9fablon-4736366/
MistSwap is the second DEX to BenSwap and competition is increasing. Soon MarketCap.Cash will contain data from MistSwap and Mist token too, needs some work but @Webeli is on to it.
During the time I write about Bitcoin Cash I have found several websites that we can use as helpful tools. Except from the two DEXs that we already know, BenSwap and MistSwap, I will present some very useful websites we can all use as tools with our SmartBCH involvement.
With some of them we can extract total network information and others act as explorers to give us the token overview of our account. We also have the cryptocurrency index service MarketCap.Cash for price action and many more.
For investors in DeFi I discovered a website that helps investors understand the dangers better and explain how certain smart contract function code contains high risk for our investments.
Decentralized Finance is exciting but also dangerous and we have already experienced hundreds of exploits of faulty code and rug pulls. Lately even the top Defi Compound was found to contain a bug that costed tens of millions of USD to the platform. As we mess with technology we don't understand we should not underestimate the risk but be cautious and do our part in research.
SmartScan.Cash
SmartScan cash is the top website that we already know, since we apply this explorer in our Metamask when we first configure it for SmartBCH integration, and opens instantly when we click on metamask transaction notifications.
It is as useful as any blockchain explorer and we will always need it. I keep it bookmarked since I use it many times every day.
Compared to Etherscan (The ethereum explorer) it is more modern and faster, just as the SmartBCH network is. SmartScan.cash is the mirror of the strength of SmartBCH. Fast and reliable, it is a tool we are all happy to have.
Tuxpaper
(tuxpaper) http://smartbch.tuxpaper.nu/TokenTransferScanner/
This is also an explorer that shows our tokens transfers for our SmartBCH transactions. This explorer takes a few seconds to scan in SmartBCH blocks the input address and finds logs with our transactions.
It is very fast, helpful and recommended.
MarketCap.Cash
You have all probably used MarketCap.Cash, and if you read my articles it is one of my favorite websites. For investors and traders a website centralizing this information is ultra helpful and dev @webeli is always upgrading MarketCap.Cash with new options. It has become the second home to many of us since we consult it on any opportunity and always happy to find the new listings. https://www.marketcap.cash/
Alexandria
Alexandria gives us in two charts the Bitcoin Cash Burned. https://bitbox.ee/alexandria/index.html
The first chart is the daily number of BCH that are burned by the automatic SmartBCH burning mechanism, that burns half of the fees collected. As we see in this chart, the last two days, burning of BCH has been increased by huge rate. For those that understand simple economic rules, when supply is lowered and demand is unaffected, then price is rising. And for certain assets, even a slight reduction in supply can lead prices to rise at higher rate.
I think this chart has importance to investors of Bitcoin Cash.
Grafana (by fountainhead.cash)
Grafana gives information on fees as Alexandria, but also has more information included as gas price, gas limit, block statistics, number of BCH locked in SmartBCH, and more. This is a tool to analyze the network and also has the option to set alerts and get notified by setting our criteria. https://smartbch.fountainhead.cash/grafana/d/GUnTOBGnz/smartbch?orgId=1&refresh=5s
SmartMask.Cash
Smartmask.cash is a web3 wallet, we can connect with metamask and it performs some functions such as send and receive for both BCH and tokens on SmartBCH
It is a wallet service, but also can be used to track our tokens and perhaps as another way of transfering our tokens. It also has a few links to the top websites of the SmartBCH community.
**RugDoc: A DeFi Risk Assesment Website**
Rugdoc.io is not about SmartBCH, but as the network keeps increasing there will be threats about the DeFi projects we have. Right now it contains discussions and assesement on hundreds DeFi running in 12 different platforms. https://rugdoc.io/
I added this for future reference and since Defi investors should know about this source.
Finally
These are all the important websites that i know of and can help in some ways. MarketCap.Cash contains all the information we need for tokens, including contract, social media and telegram.
Follow the SmartBCH Community on telegram where discussion takes place. Searching telegram can give solutions to many questions, without even having to ask. Simply search the channel using the search option of telegram and a key word. https://t.me/smartbch_community
I'm making this short post to thank my new friend @meitanteikudo for his inpirational support and sponsorship!
Appreciate it!
SmartBCH News: MistSwap Launched!, KTH moves liquidity - NFTs: Poolside Puffer - Wagon.Cash
Today we have developments in many SmartBCH fronts and after all these exciting events, I've also noticed Bitcoin Cash chart having bullish signs that could translate to a wake up call for traders and investors.
Maybe the SmartBCH news helped to this, since we have today major events to analyze.
A new DEX, MistSWAP and a new NFTdrop by Corbin Fraser, add to the positivity of October.
We also watch some changes in liquidity but word on the street is some SEP20 tokens are migrating to MistSwap, so the pressure is limited. EBEN price was also affected by this. It was down to $0.60 but has since found support and recovered getting back to $0.8.
MistSWAP - A New Era in SmartBCH DEX begins
As always I have to warn everyone to be very careful with any Defi project for reasons of historical rag pulls and failures.
MistSwap has found support by Knuth and ARG. Already Ian Blas has announced ARG liquidity in MistSwap is at $85k and yield farms seem to be on extreme numbers right now. https://mistswap.fi/
Now look. I have seen these APR before and it is extreme. Possibly this yield is there for a beginning level to provide a maximum risk to reward ratio. I am only writing a short review here, numbers of 60,000% interest yearly is too much and bring up a lot of questions.
Then, there should be a contract audit. Yes, even audited contracts will have bugs and can be exploited, we are talking about the basics though. We are not DeFi programmers so we don't know if the code is risky or not.
NFTs Land on SmartBCH - Catch a Poolside Puffer!!
I talked about LawPunks previously and a new NFT project has landed on SmartBCH today, after it was announced by Corbin Frasser at Twitter.
The website is user friendly and every action takes only a few seconds to finish. It is funny and cute NFTs and all the funds received by the contract will be allocated as a donation to a Vietnam Orphanage. Bitcoin Cash can be used to give something back to those in the world that are in need at times like this, where chaos and confusion reigns.
I am extremely happy to see a new NFT pool created, and hope that it will be emptied very soon. I also plan to alocate some funds in this, and each mint is cheap, at 0,0035 BCH.
Wishing success to the project since it has solid foundations and can become big with time.
Wagon.cash
This is a service website, a bridge offering transfer of BCH between Bitcoin Cash blockchain and the SmartBCH sidechain back and forth.
Smartoshi Cashomoto has a video at Youtube that explains how to proceed with the transaction: this is the link if you want to learn how to do it. https://www.youtube.com/watch?v=Z4tN6x2KPeQ
It is good to have more options to send our BCH to SmartBCH network as except this one, we only had Coinflex until lately. Coinflex is also a good exchange that offers this transfer at very cheap fees.
Finally
I feel that we have reached a point when daily news on SmartBCH developments and projects are this many that one post can't cover.
And this means the market is evolving fast and growing rapidly, in terms that we will not believe when we see them. I think that in a couple of months we will be waking up to some astonishing news of SmartBCH adoption by huge crypto and DeFi projects.
We are in good terms today and I keep telling to enter positions and diversify to reduce risk and increase profitability. As investors we don't want all our eggs in one basket, as many analysts explain. We want to have risk alocation and to not let opportunities slip.
Hope that everybody will be in a good mood from now on, since the market recovers, Bitcoin Cash is again rising and we are about to experience a SEP20 market boom.
SmartBCH Finally! - SEP20 Tokens EXPLODE!!
Image is from Unsplash https://unsplash.com/photos/woWf_VJ7dNs
What an intense day! The profits are remarkable for the SmartBCH token holders today with most projects rising in valuation.
We have many tokens reaching double digits and some even tripple in percentage!
You've heard this right, one SEP20 token that was covered in my yesterday post is up by 240%! There is one though that dropped by 40%, and this is the exception in todays otherwise incredible results.
Bitcoin Cash was at the bottom at $500, it had me convinced too, and hopefuly nobody sold at very low prices. Guys, we have discussed this again.
You got to stop selling the bottom! I am trader too and love it, but we are making gross mistakes and we need to change.
MarketCap.Cash today
I've talked yesterday about Potato Coin and LAW. Both had an insane day, with POTA (Potato coin) rising by 240%. But LAW was a disappointment with price dropping by 40%. I don't know the reason for both changes in the value of these tokens, I still think there are some opportunities for getting in early in tokens and they could prove to be worth a lot later.
What we see today in the SEP20 market, imagine happening for several weeks. This is a bull run, and we can experience one. But also imagine some of the big investors start looking into this small for the time community.
When the millions will begin entering, the token prices will be pumping really fast. Maybe some want to trade and make a small profit. This happens, go ahead and trade, but if the train leaves the station, it ain't coming back. I've been in this position many times previously.
What are all these tokens worth you may ask. Some certainly don't worth anything, but they are just a funny meme. Does this matter in a way? Everyone was holding a hundred thousand Doge one day. Many were holding millions and sold for a couple of thousand of dollars.
Finally
I don't know if any of these tokens are scams, I can't know that, I always advice caution and due diligence, but there is another advice too. Diversify into anything in this market. Split and accumulate. Maybe ten projects will rug pull and ten more will not. Those that will not will give amazing returns, far from what you suppose. Not only they will cover all the losses from the rug pulls, but will give multiple times profit from your initial investment.
By this, of course, I do not approve any developer of tokens to try and scam us. Especially now that is very early we don't want the strong community we have to be discouraged.
I mean this. We are just 500 people probably, maybe less but we are increasing day by day. Lets stay strong together and keep accumulating, but I warn those with ideas of rug-pulls not to proceed with them.
They will not damage the SmartBCH markets, this has so much to offer. I just think that a dev that can create a smart contract, can also put all the work for something honest. You can always earn a lot more with this approach.
@annayks
