SmartCash Has Weathered the Market Downturn (fairly) Well

in #smartcash6 years ago (edited)

If you've been paying attention to the crypto markets, you know we've seen many red day where nearly every crypto is 15-20% down. I offer my condolences. We're all kind of hurting, but if you've been in the crypto game for a while, just look at how much the market has grown this last year. It's pretty effing amazing! Perhaps it'll break this slump or perhaps our corporate, media, government and banking overlords will manage to scare more people off with their FUD (at least in the short term). In reaction to this bear market I've gotten rid of any coins I don't think have any promise or good use case potential. I've invested in the bankroll of a reputable crypto casino, which has offered me a hedge against the downturn. And I've particularly been happy with my investment in SmartCash https://smartcash.cc/. I bought most of mine at about 3 cents and it's at 31 cents at time of writing. Plus I've been earning a portion of the block reward just for holding over 1,000 SMART and I just started my first SmartNode with 10K SMART. smart-cash-holding.PNG
SmartCash hasn't had a great day, but it's gone down less than most coins. If you look at its chart of the last couple months it looks like it tanked hard. However, December had a unsustainable runup and SmartCash had problems with exchanges not upgrading their wallet software. This coupled with the release of SmartNodes caused there to be a supply shortage on exchanges and an artificially high price of $3. December 1st, the price of SmartCash was 5.5 cents, so I feel pretty good about where it's sitting now.
smartcash-coinmarket.PNG
I see SmartCash as a viable digital currency with a strong community, so I'll be HODLing tight no matter what the market is doing. You shouldn't take any investment advice from me and you should do your own research on SmartCash.

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Σ$$$ Tipped @sixexgames Σ10 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.251 USD per SMART. Current value of the tip is $2.51 USD. To find out more about SmartCash, please visit https://smartcash.cc.

Thanks for my first tip!

I loving this crash. Sue me! It getting rid of all the bitconnect type shits. It getting rid of the quick richers and the perfect time for the herders who know nothing about crypto to leave. Ripple=crypto don't make me laugh.
Verge= privacy? Hah please tell me your kidding oh wait nope!
And this perfect time for bitcoin to develop their own eth platform Rsk.co
https://steemit.com/bitcoin/@sames/bitcoin-s-ethereum-killer-rsk-co
And now bitcoin can scale with the LN. Core can finally work on other scaling soltions without increasing block size: https://steemit.com/bitcoin/@sames/bitcoin-newest-scaling-method-adding-bech32-plus-others
And make bitcoin private: https://steemit.com/privacy/@sames/making-bitcoin-have-fungibility-privacy-again
This crash is good for tech to develop and pumps won't happen over stupid coins .
Not to mention those sweet cheap cryptos

Good points!

After these bear market expect a bull run. Let's hodl our SmartCash and never let it go.

Yeah I've never traded any of mine.

Awesome post. I agree with your points. Smartcash will go back up again even stronger.

In my mind it'll be top 20 marketcap this year.

I expect an increase around the next snapshot time, which, coincidentally also happens to be the time I expect bitcoin to start going up again!!

I heard rumors there could be exchanges added as well which could help.

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Still have that adzcoin i gave you? ;)
It going to go up: https://steemit.com/investing/@sames/passive-income-exchanges

I cashed it out haha

God dammit. Man. It was going to be big. they had their own kucoin like system.

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