Carewind's SmartBCH Portfolio I: Current Impermanent Losses On A Bearish Market
February 22, 2022 - Tuesday, 11:30 AM
For the last three months, Bitcoincash (BCH) is still on a bearish market. As of this writing, BCH value drops again below the $300 mark for the second time this month chill'hustler's. So while the market is still on it's downtrend and I have enough free time to write article today, I choose to share my SmartBCH Portfolio to y'all chill'hustler's. Today, I have the luxury to reward and rest my eyes on guarding the crypto-market.
My little and humble SmartBCH Portfolio came from participating giveaway and airdrop events of SmartBCH Tokens on their official sites and social media accounts. I was able to make this funds grow over the time chill'hustler's but now on a bearish market accumulated only impermanent losses. Without further ado, let's have a walk through my cute SmartBCH Portfolio chill'hustler's.
Note: I paired all of this tokens below with $BCH because I directly bought this token with $BCH rather than swap it first to FlexUSD which could charge me extra in gas fees. Hehe..!!!
SPICE Token
Let's start with SPICE Token. This token was the first token I bought early this month with the anticipation of releasing it's own Decentralized Exchange (DEX). The developers where planning to have their own DEX but up to this day, nothing was launch. I heard from most traders I know which are also indulge with SmartBCH is that one of the developers have used the budget for its DEX and its very alarming, but I'm still holding it for the meantime. I bought this for 0.1 BCH and its current value now is 0.082 BCH which is having an impermanent loss of 0.018 BCH.
Incinerate Protocol ($FIRE) Token
Second token is the Incinerate Protocol native token in $FIRE. I also bought this token last month in anticipation of its value rising once their own DEX is launched but didn't do any pumps since their EmberSwap DEX was launched. As of this writing, my $FIRE token valued at 0.06 BCH which I bought for 0.1 BCH and already having an impermanent loss of 0.04 BCH chill'hustler's.
LAW Token
Third is the LAW token. This token is one of my oldest hold in SmartBCH tokens chill'hustler's which is originally at 0.02 BCH. While doing buy and sell I was able to grow it to 0.15 BCH when it recorded it's all time high (ATH) last month but as of current market price today, it is already having a 0.018 BCH impermanent losses.
Decentralized Autonomous Organization (DAO)
Forth on my SmartBCH tokens which is also having an impermanent loss as of the meantime is the DAO Token. I bought it also early this month for 0.05 BCH during a dip but it keeps on dipping and now only values at 0.033 BCH which put it impermanent losses at 0.017 BCH chill'hustler's.
DAIQUIRI (DAI)
Last token for this article is the DAI Token. This one also has the highest number of accumulated impermanent losses chill'hustler's for I bought this one also at 0.1 BCH and since the launched of its DEX, the price of DAI token never rises. As of this writing it is having a 0.054 BCH of impermanent loss which is beyond 50% of my initial buying price chill'hustler's.
Current Plans
Ever since I indulge myself with SmartBCH, I never sell a trade on a loss except those token that were already rug. So the plan is still the same, HODL it as long as I don't have any financial emergency in life which of course needs the help of God's protection and blessing, this funds will remain untouched. My funds will be cold and chilled on my wallet waiting for the bullish market chill'hustler's...!!! Hehe...!!!
Hello there Chill'hustlers!! 🙋🏽♂️ That's it
for today and as always, I'm glad you
reach the end again, thank y'all for
always sharing your day with me, see you
on the next one Chill'hustler's. Have a
chill vibe love month and stay hopeful
cause better days are comin', Good vibes
always, Jah bless and PEACE ✌️!!! 🙏🙇
Adieux..!!!
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Title : Carewind's SmartBCH Portfolio I:
Current Impermanent Losses On A
Bearish Market
Author : @Carewind - 64th Article
February 22, 2022 - Tuesday, 11:30 AM
Ang daming token na hold. Sana all. Haha.