Should you invest in SmartBCH again?

I must make something very clear I am invested in some tokens within the SmartBCH network so take everything I write with a boatload of salt and always do your research before investing any money into any asset. Putting that aside you must also do your research before investing because at the moment the way SmartBCH is running in some sort of zombie mode.

SmartBCH is running on zombie mode because we don't have a fully decentralized bridge that can peg the value of sBCH to BCH one to one, we are using BNB bridged to get out of SmartBCH. While you can still use your BCH directly to buy sBCH you will have to pay a heavy fee which is exactly 1% by utilizing prompt. cash and to get out of SmartBCH you will need to pay slippage fees once you have your sBCH in the BNB side also called bcBCH. I have calculated that to get out depending on the volume of your orders you could pay a getting out fee of around 2.5% up to 10%.

Getting into SmartBCH could be much cheaper getting out will always be a problem because the cheapest alternative I found is https://changenow.io/exchange?from=bchbsc&to=bch

ChangeNow offers the possibility to exchange sBCH back into BCH for a fee of around 3% at least in my preliminary research, I don't know if along the way those fees will increase. When using SmartBCH DEXes you can exchange your sBCH to bcBCH for around 1 to 2% which means your total fees to get out should be around 4% to 5%.

The fees to get in and out are high but that could mean the opportunity to get in cheap on some tokens that may have future utility if the SmartBCH community manages to bring a decentralized bridge soon. You are paying a fee or cost of doing business with the knowledge that your money could become a total loss or a once-in-a-lifetime opportunity. That opportunity won't just be about buying cheap and selling high, but being right in your assumptions.

If for some reason the Sha-gate Bridge is not possible to build you could lose all of your investment because the market will dump even harder than current rates, also even if the bridge is built, you could still lose money because if that bridge takes too long eventually those who were interested may decide to live and never come back. Remember that there is an opportunity cost to having your money parked within the SmartBCH ecosystem that being that money sitting on SmartBCH could be better somewhere else.

Coinflex got its restructuring deal approved and they are moving forward with that deal, that means the BCH that used to back SmartBCH is now gone, they are supposedly in talks with the SmartBCH alliance, that alliance is supposed to bring back the bridge and it backing 1:1. Now since SmartBCH alliance will be a creditor and will hold Coinflex equity that will mean the SmartBCH alliance will need to have a legal entity, creating legal entities take a lot of time because it involves legal paperwork with real nations laws. That means the SmartBCH must wait even more time to have a working bridge but in the meantime, the Sha-gate bridge can continue to be tested to try to find any bugs before its official release to the mainnet.

A bug was found and patched by the SmartBCH developers, which means we still have some developers working on it, and as such the sidechain is not completely dead just yet, those that didn't sell the top before Coinflex are forced to wait for either the good or the bad, but new money coming in must do its research first.

If I have to point out to a conclusion I would say new investors have a greater possibility of getting cheap deals, but also means you must take a chance and I suggest you research what is the possibility percentage that Sha-gate comes online within a prudent amount of time to avoid the opportunity cost of having your money park with SmartBCH instead of somewhere else where they don't have the issues SmartBCH has.

Those are the risks at least until the Sha-gate v2 comes online, but what about the rewards? getting sBCH tokens undervalue is the actual reward here.

The BlockNG bridge is a 3 multi-sig bridge so you must also include that in your risk assessment. And research how that bridge works because that will be your way out while Sha-gate is offline.