Investment Oppurtunity (Massive Profits in Future) in SmartCash Cryptocurrency

in smartcash •  7 months ago

Disclaimer

Instead of putting up disclaimer at the end of this post (like most people would do), i have decided to put it upfront so as to avoid any confusions / flags / misadventures.

This post is indeed an investment advice related to one specific cryptocurrency. It is NOT backed up by tech analysis or any other method out there. The advice comes fron my personal experience in crypto and it is my modus operandi that whenever i see a good oppurtunity in investment, i tend to publicly announce it. The decision to invest is totally yours and I will not bear any responsibility for any loss you may incur..

2181E508-23B3-4AA8-B9EF-8D955A037AEA.jpeg

Preface

Most newcomers in cryptoworld tend to buy bitcoins as their prime investment and in later stages of their crypto journey, they discover the power of altcoins.

Well that is the beauty of altcoins. They hide in the plain sight and those who know their importance, are making huge profits off of them.

Somewhere in last year, steem dropped down to its lowest at 0.07$ (appx) and while common sense suggested to sell it before it could hit rock bottom, the whales you see today bought a massive chunk of steem during that time.

I understand that the market seems disappointing these days but imagine the stable price of steem today as compared to 7 cents a piece last year. Those who bought massive amount of steem during that time are now enjoying the massive profits. So the crypto investers of today look for the same kind of opportunity. What if I told you that one such opportunity has arrived?

Enters SmartCash

@smartcash is a cryptocurrency just like any other and thanks to @ilyastarar for introducing me to it. Smartcash rewards its investors, who hold smartcash in smart wallets, with certain amount of percentage of total mined currency every month (much like getting interest on holding steem power).

So in a way, your smartcash keeps increasing with time if you keep it in your smart wallet. Every month, a snapshot will be taken of your wallet and your share will be deposited in your wallet.

How to Signup

Its fairly simple. Go to www.smartcash.cc. You can choose to use web wallet or you can opt to download smart wallets for android, mac os x and windows. Use the signup form to fill out formalities like username, password, email etc... and you will be all setup in few moments. (I will write a complete and detailed tutorial on how to sign up for smart wallet in my next post).

Distribution of Smart Rewards

Smartcash is a community centric crypto that funds community driven projects. Below, please find the distribution of mined smartcash amongst all stake holders :-

  • 70% of the block rewards are reserved for funding smarthive community projects.

  • 5% of block rewards is distributed amongst miners.

  • 15% of rewards is distributed amongst those who hold smartcash in their wallets.

  • 10% of rewards is allocated to smartnodes. Smartnodes are servers which handles transactions (kind of like steem witness servers).

Please note that in order to receive smart rewards, you will need to keep smartcash in “rewards wallet” and not “liquid wallet”. When you create an account, both types of wallets are automatically created so that you can choose to deposit your smartcash coin in whichever type of wallet you want to.

Exchanges From Where Smartcash can be Bought

Currently few small exchanges are offering smartcash coins for trading. However 2 fairly big names amongst them are :-

  1. HitBTC exchange

  2. Coinexchange.io

There are a lot of methods through which one can buy smartcash from either of above mentioned exchanges. However, the most easiest way is to use @blocktrades for selling steem/sbd for bitcoins and receive those bitcoins to your desired exchange to buy smartcash.

Alternatively, you can purchase bitcoins for fiat to exchange them for smartcash.

More Information On SmartCash

I am, by no means, affiliated to smartcash crypto but i wanted to dish out basic details here. If you want to read more about it, i would suggest you to use your own due diligence and visit their website. Furthermore, smartcash has its own account on steemit @smartcash, which you can follow to get updates on their blockchain and coin.

Investing in Smartcash

Now i will come to the point for which i intended to write this post about in the first place. In December, 2017, when cryptos were booming, smartcash rose to almost 3$ a piece. Today, smartcash is trading at 0.08$ (appx). This scenario resembles with that of steem that i mentioned in the opening paragraph.

In my honest opinion, the smartcash project seems mature and well thoughout and it has potential to go beyond.

So investing in smartcash today will yield heavy profits in future (most likely). It is pertinent to mention that by no means i am suggesting that you will get rich quickly. HODLing is paramount just like it is the case with other cryptos.

Below, please find the screenshot from coinmarketcap website on Smartcash
CB94C8D4-70BE-4472-9F33-F6072AE96A76.jpeg

Conclusion

Smartcash is a great incentive for those who want to increase their crypto portfolio without doing pretty much anything. All you need to do is to buy some smartcash, put it in smart reward wallet and forget about it until you want to cash it out for fiat. This way, your total smartcash will keep on increasing when smart rewards are distributed amongst its Hodlers every month.

Furthermore, smartcash is really at the dip right now when I compare its price of today with that of December 2017. Hence, buying smartcash coin at this stage seems to be an intelligent choice for any crypto trader.

I will reiterate that this is not a get rich quick scheme. You will have to show some patience (may be even a lot) but for the profits percentage, this coin has to offer, i am willing to take some serious risks.

Best regards
JBN


Kindly consider to upvote and resteem so that everyone can benefit from this opportunity. Also, if you have any questions / comments, please feel free to leave them in comments section..

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This is a bit technical for me, as I am not a cryptocurrency expert, but I have several friends who are into this and love to invest. I resteemed this for all of them to see, be informed and of course to interact with you too, sir. Thank you for sharing your talents and skills in making our steemit journey, lighter, with all the info that we need, you always have the time to share them here, God bless you sir and thank you again, po :-) All you efforts are much appreciated. :-)

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Thank you po for such wonderful words.. blessings..

@smartbot tip @jbn 20

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Σ$$$ Tipped @jbn Σ20 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.083 USD per SMART. Current value of the tip is $1.66 USD. To find out more about SmartCash, please visit https://smartcash.cc.

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You can use the following commands:

  • balance - displays your current wallet balance
  • address- displays your deposit address
  • withdraw <amount> <address> - withdraws the amount of SMART to address
  • tip <username> <amount> - sends the amount of SMART to username
  • terms - displays terms and conditions for using @smartbot
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balance

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You have Σ20 SMART (unconfirmed: Σ0 SMART).

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withdraw 20 SVNA6CVw24URCyoWxTr5sVLrmZs3aZGQpX

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@jbn: Σ19.99 SMART has been withdrawn from your account to SVNA6CVw24URCyoWxTr5sVLrmZs3aZGQpX. You have been charged Σ0.01 SMART withdrawal fee. Transaction c78c4399f438a7fb4e2c992261f610a62035524a55433c44f546bf36391b2302 is now completed. To monitor the transaction status click HERE.

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Thank you very much @hockleyj for the upvote and for the tip.. but i have one question..where did i get the tip from smartbot? Will i receive it as steem or as smartcash? I am confused.. would be great to know the details on this.. best regards

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I have got it... Seems like I missed the part where bot said "to claim". Thank you very much. it is much appreciated.

I really think its a better investment, well smartcash has got a number of pros. I hope I will invest and use smartcash

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Indeed it is

Smartcash is the way to go. I invest in it and so glad I did. Great community and excellent rewards. Upvoted and resteemed @smartcash

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Thank you very much for the resteem and you are absolutely right

smartcash look good but many peoples didn't liked it bcz bitcoin and crypto market loss those peoples invest.

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One cannot possibly hope to always be in profit in cryptos. If it was possible then the entire world would be investing in it. Dips and bullish trends are the hallmark of crypto market.

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Very true, that is why i like smartcash. The value of cryptos may go down but your coin count is increasing with smartrewards, this cushions the market dips for your portfolio.

Seems to be nice opportunity to get smart cash at @ 0.08$. Thanks for sharing about such a nice investment. keep sharing @jbn

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Thank you bro..

I already have a little bit of Smartcash @jbn and I have thought about buying some but last time I looked it wasn't as cheap. I didn't realise it had gone down so much.

Thanks for the heads up. I will try and remember to take a look tomorrow! 😊

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Imagine buying 20,000 smartcash at 0.08$ and selling them all at 1$ .. that would be 20,000$ 😀

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Sounds good @jbn. But now I've got to work out home much 20,000 smartcash would cost. I'm rubbish at getting the decimal point in the right place! 😂

I was thinking more along the lines of 1,000. But I'm going to go to Discord right now and get some advice about buying from the UK!

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@gillianpearce to buy smartcash in the UK or anywhere you would need #Bitcoin or any of the coins supported by the exchanges. #Bitcoin would be the easiest coin to use. The direct link from smartcash with info on exchanges:
https://smartcash.cc/get-smartcash/

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Thank you very much for that information @nitego and for the link. I have added it to the notes I made from @jbn. 😊

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One thing i can tell is that you can always buy bitcoins very easily everywhere. So buy some bitcoins, receive them in your hitbtc bitcoin wallet, trade them for smartcash and then transfer the smartcash into smart reward wallet..

and as for your math problem, let me help you in that.
1 smartcash is of 0.055£ appx
So 20,000 smartcash would be of 1120£ (pretty much equals the cost of a new iPhone X in the UK) :p

So what you need to do is buy bitcoins worth 1150£ (30£ more for transfer fees and variable exchange rates etc etc) and receive bitcoins in hitbtc wallet..

There you go :p

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Hmmm. Sounds a bit advanced for me @jbn. I've only just got into cryptocurrency. So far I have bought bitcoin via gdax to turn into Steem. Not even sure if that is a wallet or maybe it's just an exchange.

I don't have a hitbtc bitcoin wallet. Is that the recommended one for the UK?

To buy Steem I first have to change sterling to Euros, then Euros to one of the tradeable currencies paired with Steem and then Steem itself. Gdax seems to be the most cost efficient way to do that for Brits.

So on your calculations, if I wanted to buy 1000 smartcash that would cost me 1/20th of £1120 plus fees. Is that correct? 😊

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@gillianpearce HitBTC smartcash wallet is not currently allowing smartcash withdrawals. If you buy your smartcash here you will not be able to take if off the exchange.
The first thing you want to do is get a smartcash wallet - to store your smarts in.
The web wallet is an easy option. You could opt for a paper wallet another easy option. Since you said you are new to this I would say go with the web wallet - it would be more familiar to you.

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Thank you again @nitego. I already have a wallet since I was given a few coins some time ago.

Would you recommend an exchange other than HitBTC then if were are not able to withdraw from it?

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@gillianpearce
https://crypto-bridge.org/ - Decentralized Exchange This requires you to download a client.
https://www.coinexchange.io - Centralized Exchange usually kyc rules and waiting would apply

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Gdax is an exchange alright. So what you need to do is make an account on hitbtc.com and follow the instructions. Deposit btc that you will buy from gdax to hitbtc and then trade those btc for smartcash. I would strongly advise you to read how hitbtc works before you make any transfers.

As far as calculations are concerned, i have told you the price of 1 smartcash in sterling which is 0.055£ at the moment so any amount of smartcash you want to buy, just multiply it with 0.055£ and you will know the total amount in GBP.

For instance 500 smartcash would cost you 500* 0.055 = 27.5£ = 32€

Hope that helps. If you need further assistance in setting up account at hitbtc, let me know.

I personally prefer bittrex or binance. But sadly smartcash is mainly trading at hitbtc and some other small exchanges. Smartcash is yet to be included in bittrex or binance..

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Perfect @jbn. That's a great help! I have copied and pasted it into my notes.

I'll investigate hitbtc as soon as possible. Do you happen to know if it's more expensive to use at weekends? I know coinbase charges more at weekends.

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I have no clue whether any exchange charges more during weekend. But if you know that already, then its better to wait till monday.. isn’t it?

A good word out on steemit to. investors, tye name of the coin already prove this. smart will bounce back and (walahi, ōmą jù wõň ló jű)

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Yes and it will rise really soon..

I've been thinking about trying to get a masternode. The prices have dropped, so it would only be around $800 to do so, but I would have to pull funds from other places. Based on the numbers above, if you have @smartcash in your reward wallet, you get rewards from 15% of the blocks, but only 10% from masternode. Wouldn't it be better to just leave it in rewards wallet?

Is there additional danger having it in rewards wallet rather than the other? Any reason for two wallets?

I'm potentially going to be in a position to do something with this and I'm trying to figure out how this fits in my plans.

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Why is that? The requirements for masternode are pretty basic. I dont think you need to spend 800$ to get one.. do visit their page to get more information about it..
Now to answer your questions :

Wouldn't it be better to just leave it in rewards wallet?

Yes it would. And thats the idea..

Is there additional danger having it in rewards wallet rather than the other? Any reason for two wallets?

There is no danger. Infact there are 3 wallets. 2 reward wallets and 1 liquid wallet. If you keep the smartcash in liquid wallet, you will not get rewards. If you keep coins in other two or even one, you will get rewards. I havent received a reward so far so i am yet to comment in detail about it. Will get back to you.

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From the limited research that I've done, it said you need 10,000 SmartCash to host a master node. That's where I came up with the figure. Looking forward to hearing your results from holding it though.

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Ohhh i see i see.. i didnt include the price of buying 10,000 smartcash as collateral. I thought you were saying that the node alone would cost you 800$. Yes you are right. You would need 10,000 smartcash as collateral to setup smartnode..

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The nice part about that is that you still have the smartcash, but if you bought at $3, you're going to be waiting a long time until that's profitable again. Patience. Just breathe. Ha ha

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Haha. True..

I will wait for your next post as i feel that sign up is not easy on www.smartcash.cc. site. I downloaded windows wallet as well but still on sign up or in option.

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Are you using mobile device to access the site? If so, you cannot access web wallet through mobile.. try accessing the site through a laptop or desktop pc

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Earlier i missed the web wallet, i found out and signup correctly.. now is the difficult process.. Pkr to Smartcash.. need lots of help

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Ok let me tell you how to do it.

  1. Use Steempkr exchange on steemit, which is run by @ilyastarar to buy steem / SBD directly from PKR. You can contact him and he will guide you how to buy steem or sbd using pkr.

  2. Use @blocktrades to exchange those steem / sbd to bitcoins and receive them in your Hitbtc account bitcoin address.

  3. Buy smartcash from bitcoin from Hitbtc.

Thats the easiest way to do it. If you have any further questions, please do not hesitate to ask.

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Thank you very much boss. As trial, i borrowed some ETH from friend and deposited into Hitbtc wallet. As i was doing exchange first time, i think i have made some mistakes. First i received ETH which i converted into BTC. Now i have around 0.0023 BTC in my wallet. Could you please guide me how to buy smartcash now ? when i go to smartcash tap to buy, it says not sufficient fund, do i have to sell BTC ? to US$ or then buy Smartcash. I cannot sell 0.0023 BTC as minimum requirement is 0.01 i guess. Kindly help me out and sorry for giving you so much trouble.

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Got it, after some practice i got it. I was on wrong USD tab, now I am on BTC tab and it is showing available funds. I put a limit of 200 smartcash or should i buy it at current price.

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putting a limit is good it allows you take advantage of any fluctuations in the markets. I once bought smarts at 500 satoshis when the market price was 800stats

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Haha well thats awesome.. well, if you are buying 200 smartcash, i suggest that you should buy it at current price cause it won’t make much difference for you. If you were buying 20,000, then every cent could have made a difference. In this market, you never know whats gonna happen. May be u will wake up tomorrow only to see smartcash trading at 0.50$ And then you will curse yourself. Hence i believe you should buy now..

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so finally i bought by first crypto :D :D feeling proud owner of 200 smartcash. However, when i am withdrawing it, it says below.. i guess only way to transfer to my smartcash web wallet is withdraw right ?

Please note that withdrawals are temporarily unavailable due to technical maintenance. Please accept our apologies for the inconvenience.

Thank you dear for introducing to SmartCash, i have decided to invest some and i will be needing your help. can i contact you somewhere private.

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Yes sure. You can contact me on discord. I am in PAL channel and write of isle channel. If you cant find me there, text me in facebook messenger. My facebook link is in my profile..

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i sent msg at facebook porfile :)

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