HODL on for the Long Ride
With this recent downturn in the crypto-world and the more recent small swing back up, SmartCASH has taken a bit of hit to the hip-pocket. It has dropped around 50% against BTC and the USD since I first started investing which you usually see with a coin that is relatively new to the market.
Am I worried about this drop in value of this investment? Not really as I see this as being a long term coin that will steadily grow in number the long I hodl it and the more I feel like purchasing.
If you hodl your coins in a SmartREWARDS wallet then you receive a proportion of the rewards every month. A snapshot occurs on the 25th of every month and you then receive a proportion of the rewards depending on how much you are staking.
If you are in SmartCASH for a short term gain you are probably not seeing much in terms of a return at the moment. My suggestion is to HODL and see where this topsy-turvy world of crypto land takes us!
Thanks for reading.
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