What Happened to My 3 BCH on SmartBCH Network?

I haven't been around the SmartBCH network for more than 2 months now, and today, I found the energy to check my wallets on MetaMask and to monitor all of the tokens I have bought about two months ago when I was still active on this side-chain of Bitcoin Cash.

So more than 2 months ago, last January 06, 2022, to be exact, I decided to try my luck in the SmartBCH network. I thought it was already about time to shift from gambling in the Binance Smart Chain (BSC) to the SmartBCH Chain (SBCH) since I noticed that the chain is becoming more profitable as the days pass by.

So I sold all of my profits from trading Portify (PFY) on Pancakeswap and used the money to buy 3 BCH, and I deposited it to my new "Talpakan Gaming" wallet on MetaMask intended for my trading, or more like my gambling wallet.

When I decided to do this, I kept reminding myself to control my greed because I won't be able to earn any profit if I will just be too greedy for earnings.

So the beginning of the journey was just smooth and things are going in my favor.

The first tokens that I bought were $Cats, $CLY, and BPAD, and I spent 1 BCH to buy each token for a total of 3 BCH for the three of them.

Then after a day of holding BPAD, I decided to sell it as I was already satisfied with my almost 0.035 BCH profit. I thought it was already a good profit since I only held it for 1 day.

Then I used the 1 BCH to buy another 1 BCH worth of $Cats again to have 2 BCH worth of $CATS already. And after more than 1 week of holding $Cats, I sold it immediately when I saw that the price of $Cats is slowly pumping. And I gained less than 0.1 BCH profit from trading $Cats. Since I wanted to secure my profit, I immediately withdrew it and sent it to my 2022 BCH Wallet.

Since I had 2 BCH lying in my wallet, I decided to gamble it again with different tokens on the SmartBCH network, but this was a decision that I regret making since it wrecked my whole portfolio.

On January 17, 2022, I decided to spend 1 BCH to buy 0.5 BCH worth of CST and SPICE Tokens as I thought they are already established tokens that may bring profits to my wallet. But on the next day, their prices were dumping, so I spent another 1 BCH to buy 0.5 BCH worth of CST and SPICE again just for me to cut down my entry price.

But the odds were just really not in my favor as the prices of the three tokens I was holding (CLY, CST, and SPICE) were all dumping so my "Talpakan Gaming" journey was put on hold.

Then February came and I couldn't monitor my tokens anymore as the place where I stayed when I moved out before had a very slow signal for Globe.

And because I became uninterested and demotivated in the crypto world, especially in the SmartBCH network, I didn't bother checking the prices of the tokens anymore and I just thought that my money already disappeared.

Today, as I was checking my papers related to my trading journeys in the crypto world, I saw my "Talpakan Gaming on SmartBCH" paper that I used to monitor my trades there so I decided to just check it already.

And after 2 months of not monitoring my tokens, here's an update about them.

CLY was one of the first batch of tokens that I bought for 1 BCH and today, 193,285 CLY is only worth 0.22 BCH already. That means I have an unrealized loss of about 0.78 BCH for this token.

I bought 1 BCH worth of CST after selling $Cats and 139 CST is only worth 0.28 BCH now, giving me an unrealized loss of approximately 0.72 BCH.

I bought SPICE at the same time as CST and I also spent 1 BCH to buy 1,180,410 SPICE tokens and today, it is only worth 0.64 BCH, giving me an unrealized loss of 0.36 BCH. Among the 3 tokens that I have, this is the one that gives me a slight hope that I'll recover my investment.

So from 3 BCH, I only have 1.14 BCH now based on the current price of each token that I have, giving me a total of 1.86 BCH unrealized losses.

And this is what happened to my 3 Bitcoin Cash on the SmartBCH Network.

While my losses are still unrealized, it's still a huge loss for me since it's so hard to earn Bitcoin Cash nowadays, especially if I'm just relying on blogging.

I still don't have any plans on what to do with my tokens, whether I should sell them at a loss and start to trade/gamble again using different tokens or I should just wait until their prices recover.

While it's all just profits, it's still a huge amount of money/Bitcoin Cash for me so what I can do for now is to hope for the best things to come.

This is one of the risks of buying or gambling on a token that you know nothing about and making rash decisions without thinking about it first so make sure not to follow the same mistake as mine if you don't want to lose your hard-earned money. Trade/Gamble safely!