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Watch up y'all my dear chill'hustler's, its your boy and virtual friend trying a comeback here in read.cash after a month and a half of absence and inactivity even with a single article here. I didn't stop doing my daily routine on crypto and NFT games but I lost the time to management in some of those, wrong moves and decisions after the other that stressed me this past 3 months and now here I am again, trying to get some momentum on creating some articles. So, enough for the unacceptable reasoning chill'hustler's, lets head straight to the main content of this article...
With all honesty, I am one of those who jump on the train of SmartBCH during it first week on launching back in August, though I was a little bit ahead from others, I'll admit I'm not that good and lucky with my token instincts... Haha.. As of the moment, I'm still doing buy and sell of tokens and farm staking for a total experience and knowledge. Because it's really an advantage having experience and knowing this things exist.
Buy and sell., buy and sell., for sure many of us understand it well enough in Secondary Level of our studies, but applying it to our daily lives is what matters most. This time, let me share with y'all some of the unluckiest buying entries I made on SmartBCH Tokens my dear and lovely chill'hustler's and the Slippage thing when buying on a pumping tokens.
In the middle of November, I bought some EBEN for $150 dollars but after buying, EBEN market value consistently dipping each and everyday from the point of my buying entry at$1.68 to $0.50 as of this writing, so while my funds are froze, I don't have many choices but to wait for EBEN to pump again.
In addition to my EBEN's wrong point of entry, this one is really the dumbest thing I've done soo far with SmartBCH token. I also do buy and sell with SmartBCH stable coins in $BUSD and FlexUSD. What happened was, I was to eager to buy some $BUSD because when I check it on marketcap.cash, the value of $BUSD dropped to $0.72 each, to my surprise, I ended up buying some because I thought stablecoin don't dip and shrinks that much, so I bought some $BUSD token for another $150. With excitement and urge to buy as the value dips, I forgot to read what was on the screen with a warning and the unlucky me, with as fast hand as flash approves the swap with a staggering 22% slippage, and was saddened seeing what just happened after I check the transaction, I only got 117 $BUSD after swapping and instantly regretted my decision hehehe... And just like that, I easily spend $33 dollars on slippage.. haha.. After just a day $BUSD recovers but still I lost 10% of my funds, because it doesn't have any chance to go higher that $1 dollar because it's a stable coin. I posted this experience on noise.cash right after I made the trade and the tokens creator of $BUSD commented my post and tells me that BenSwap doesn't have enough LP for $BUSD and it was move to MistSwap, so it adds to the my heavy feelings chill'hustler's. It would have been a different scenario if I knew ot ahead and ended up swapping it on MistSwap Dex rather than on BenSwap.
To sum it all my beloved chill'hustler's, doing buy and sell of crypto or even in real life is always a gamble, sometimes we get high and light, FOMO and regrets but at the end of the day, it's always the experience that will teach us lessons tp improve not just mentally but also emotionally.
That's all for now chill'hustler's, hope you like what you just read and thanks for reaching the end of this article and just wanna flex these beautiful humans who are still sponsoring even though I was out for an extended period of time. Love y'all guys and keep doing what your doing.
Riding on the Young and Promising SmartBCH
Carewind: 34th Article
January 15, 2022 - 09:00 AM