Importance of Saving Money

This current situation we are facing right now in crpytoverse isn't something we didn't expect. We didn't expect that the value of BCH will plunged to $100 cause lots of prediction before that it will reach its $1000 ATH again but this situation proves that market is unpredictable. We are facing such tragedy since our assets almost gone by 50 to 70% as we have seen on marketcap.cash. Lots of tokens drops their value at 90% specifically the token I hold which is JOY, it's ATH is $0.22 a few months ago but when crpyto winter got worst as time of writing this article its value is on $0.008 which 0.44 Php once converted into fiat.

It's such a depressing moment for me, gladly I converted its half value a few days ago cause I have a gut that it's value will decrease and yes I'm right. I feel sad about the half amount of JOY on my metamask, I have 400 JOY there that supposedly $80 if the value of JOY is at $0.20, I can't manage to see my balance now cause I think 400 JOY is only worth 200 pesos now heheheh. It's such a huge loss, I'm currently at the state of being a beggar cause i don't have enough money on my wallet since I can't bridge my Sbch to bch since hop.cash is on maintenance due to Coinflex drama we witness right now.

As long as the withdrawal isn't open by Coinflex and either Mark Lamb or Roger telling the truth, the most affected here is more affected due to locked assets they have, their money are currently on hostage and can't do anything but to wait until Coinflex decide to resume the withdrawal. Lots of other companies are also experiencing loss due to drama. It brings a huge crash on market specifically on SBCH cause it was connected to Coinflex.

This dilemma happening right now slap me the reality that not all the time we can experience luck, cause I realize the value of money and the value of saving if this kind of dilemma will happen and I'm currently on state of being a beggar since I have no emergency fund to use. My gcash is empty and supposedly my back up plan is read and noise.cash but currently it also gives a less reward to users since the fund must be enough for coming days or months. I also understand that the donators and sponsors need to lay low in sponsoring the platform due to low value of BCH right now.

This reality hits me so hard, that's the reason why once the market became okay and the NFT game I'm playing right now will operate again them it's time for me to diversify my portfolio then save for my future. I don't know what will happen in crpyto in future, maybe there's another huge crypto winter happen and as a holder we need to come prepared. It made me realize not to put all my money to crpyto but also diversify it by exchanging it on fiat currency and store it on digital wallet that gives interest.

I will also aim to avail as Pagibig member so that I can register on their MP2 which is a great opportunity to store my money in long term earning a dividend rates. The perks of MP2 is it had 5 year maturity period and you can contribute either monthly, yearly or lump sum but the more you contribute the higher compound interest you can earn. Once the market is okay and I was able to earn again, then it's time to save for myself, I will reduce buying stuff that I don't need and i will reduce treating my friends. Cause I hate this characteristics of mine which rather choose to treat others rather than myself.