The very first cryptocurrency that I knew about was “Bitcoin” because it is the very first, most known, and the one that has a lot of investors, it is also known to be one of the stable cryptos. People seem to believe in its potential a lot.
Along with that, I have also discovered Ethereum, Solana, and other cryptocurrencies.
Then on June 19, 2021… I discovered read.cash and noise.cash. That was the moment that I learned about another cryptocurrency which is the “Bitcoin Cash”. From time to time, I research about it. The project is great and it seems to be one of the stable coins as well. Just like Bitcoin and Ethereum, I somehow built a belief in Bitcoin Cash that it has potential too.
From June 19, 2021, until November, it has a stable price of around $250-$300, I guess, and it sometimes hit beyond that. Because of that average price range, I somehow was very optimistic about it that it will just be like that for a long time and more over, it will go to the moon.
However, the table turns around when December came. The crypto market is bloody red. The Bitcoin was going downhill, and so does other cryptocurrencies, and so does Bitcoin Cash.
“Bitcoin Cash” is the one that I have the most asset amongst other cryptocurrencies that’s why I can’t help but be affected negatively when the price just keeps on going down.
I am aware that crypto is really volatile and has so much risk. You can be a millionaire one day, then homeless the next day. 😭😂
From December until January, I wasn’t paranoid that much yet because the optimism was still there. My mindset has been always… “this low value of BCH is a great opportunity to earn more BCH and hodl it, then sell it once the value goes up”. I also have expectations that the value will just go up again around May.
But oh boy, I am so wrong. It is already June and the value is still going down.
To be completely honest, I somehow hope that my past self wasn’t as optimistic. I hope I already sold and converted into fiat the portions of my BCH when it was $300+ or when it hit $500 or $600 for a while.
But I know that I couldn't turn back the time. The only thing I can do now is to learn from my past experiences.
The title says "Goodbye, Bitcoin Cash (I Sold Everything)", but did I really sell everything? Well, the answer is no. I did not. However, I have thoughts circulating around my mind about whether to sell my BCH or not.
But a bigger percentage of my thought says that I shouldn't sell my BCH because this dip is just normal in the crypto market. And so I just need to be more extra patient and wait for the price to go back to what it was back then.
Closing Thought
I have seen several posts and articles from my fellow users here in read.cash and noise.cash, that they are pessimistic about this dip and they are having thoughts of selling their BCH.
I would just like to know your thoughts about this dip. Are you guys going to continue hodling Bitcoin Cash or you are willing to let it go now? 🤔
Feel free to share your thoughts in the comment box. I would love to hear different perspectives when it comes to this matter. Have a great day!
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I write things that spike my interest such as finance, investing, kdrama, kpop, architecture, my learnings, and misadventures.
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Let's be friends on my noise.cash: CrazyRichFilipina
Date Published: June 18, 2022
I gained something from the previous ATH because I saw a great opportunity with the launching of the two sites (noise.cash and read.cash). I know I can't write regularly so I bought some BCH and when the price climbed, I sold the amount equivalent to my capital. I played with the remaining amount. I still have some amount from my earnings and I am planning to HODL it.