I actually gained in capital during this flash crash because I am in flexUSD/BCH on mistswap and get paid mist for it.
Yes I know smartBCH is not decentralised yet, but if you can't stand Bitcoin Cash going down in price, you are going to have to trust somebody to get it sold anyways. Unless you find somebody to give you bills and coins for it and they give it to you first. But even then somebody could pay with fake bills!
At the end of the day we all use centralised exchanges. Coinflex is a centralised exchange. They seem to be having their security in order using fireblocks, like most exchanges nowadays do.
So I like to be protected against the volatility of BCH. At the end of the day I have to pay my people denominated in USD, not BCH. Some of them take BCH, but most ... well they have to buy food and pay rent.
The bear market will soon be here. The stock market is going to crash, the crypto market will crash even harder.
Protect your capital. move 33% of your BCH to smartBCH.
That way there is also less BCH available on exchanges that might not care about BCH. Coinflex does.
It's time we create a complete separate ecosystem that has as little Tether exposure as possible. Coinflex is spearheading this and we should all follow with 33% of our BCH.
If our community wants to remain funded we need to secure our 10 billion dollars worth of capital before we lose 9. So far we have played the game on exchanges that don't give a flying FUCK about BCH.
It's time we move away from them. And if you don't get this, then sorry I don't have time to explain it to you.
[link] [comments]