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Gaining some of my losses on sbch token($Kittens)- Did I lose it again?
You may not know but I've been staying on SmartBCH for maybe a month? but I'm not a serious investor- investing more bch or being able to gain enormous amount of profit. Apparently I'm just a peasant trying the new environment.
I bought tokens such as $Kittens, $Cats, $Arg and Eben. Tho, I bought $Kittens at the wrong time. I thought it would pump more so I spent approximately 50 usd for that, seriously! And for other tokens, I did spend more or less 30 usd.
And the worst days came rushing at my wallet, kicking those tokens' prices lower than I expected. I bought some Eben at .80 usd per token. And look it dumped to .30 usd or lower I just didn't notice. For my heart's content, I bought 10 more with that price. So I was holding 35 point something Eben. Then that's it, I can no longer bear my losses and never dare buy anything again. LoL, of course I am just kidding.
At that time, I was holding 2.5 million $kittens that costed from .06 bch to around 0.01 bch which gave me a whole lot of time to deal with such loss. That was the first time I lost such amount. For the record, I don't gamble, so it took a bit of a toll on me. But as I've said, to save myself from sadness and regrets since investing as such is utterly risky, I decided to treat my investment in sbch a close-to-losses so it won't be too much for me to bear. Let's say, I've paid for it to learn something.
Just this 11th of October, not sure if it's the exact date tho. I was spending my time on metamask (ben and Mistswap) shoot! I noticed this sudden pump!
As there are already 3 dexes on sbch that I know, I used mistswap because $Kittens was removed to Benswap. Trading there would be crazy so don't.
From 0.01 something bch, it rounded to 0.064 bch and at that very moment, it's further escalating! I thought that I should sell them all but I held back for a moment. I decided to sell bit by bit. Things happened so quick that I decided to buy and sell $kittens. Tho my Internet slowed down when 800,000 kittens worth 0.05 bch. I would have traded it but I lost the chance. Something that I regret that very moment. When I came back, it was back to 0.024bch and no, I didn't trade it yet. It was really fast and I didn't know what was the best time to sell them but selling bit by bit help me retrieve my, some of my losses before.
Not to regret if it would pump more, I left 800,000 kittens. I earned nearly 50 usd that time. And so I waited for the best moment to buy 1,000,000 again. And not long enough, I gained almost the same amount as my previous holdings without much affecting my secured funds from previous trade.
So now, what happened next?
I assume most of you are aware about the existence of Muesliswap? The newest decentralized exchange on smartbch with a governance token named MILK! Not long ago, they held their presale and I was one who joined. The amount of Milk tokens you would receive from theat presale varies depending on the community's bid (the amount of bch) and your bid as well. It ended on October 11? And I bid 0.02bch (because that was all I could afford and afford to lose).
After the presale, farming and pools were enabled. I didn't encounter problems on withdrawing the tokens based on my bid but I did had problem adding it to the liquidity pool. It's not only me who have encountered that problem. And I, as a noob, tried until seventh time? And yeah, I regret for I paid for the gas fee. But worry not for at my seventh attempt, I was then successful.
With my 0.02bch bid, I received 36 Milk tokens. I expected to get 100 of it but since many investors dive in to the presale, the amount one receives after the presale will lessen, not, if you'd occasionally add bid to secure the amount you want to receive.
There was another problem and I think the end of presale didn't end so well. There had been few complains, arguments, new suggestions on how to attract more investors. Well, the first day wasn't attracting to us who bought on presale as the APR was rather low. I commend how the muesli team able to work on the development of their dex and consider suggestions as well which render good results.
36 of my Milk tokens are farming already. And I decided to bought few when the price kiss lower, I didn't expect and put it in the pool.
This is not a big amount to brag about but I'm just proud of myself. I did a good job. From losing, and gaining my losses and putting it to muesliswap seem promising. We'll see, people. This is a YAY for me.
Thanks for reading!
Screenshot taken from muesliswap, Benswap and Mistswap dex.