People asked me why I sold my BCH to buy a car, did I make a mistake?

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Avatar for Fexonice1
3 years ago
Side view of the car

Life is good and enjoyable when you can get what you need without the slightest pressure. The fulfillment of a dream is a joy to the heart. I got to know BCH over a year ago, and since then, I have been able to earn a good number of BCH by writing here on read.cash within this time. And, I've invested some of my BCH to earn interest in it. I must admit that it was not easy being an amateur investor, as I have lost some money here and there. At first, almost all the investments I made ended up in a loss because I didn’t know how to detect a scam platform at that time. However, I did not let the experience of losing stop me from looking for a better and safer way to invest my BCH and sleep well at night. After all, there no risk no reward, and no strain no learning.

Everyone has a purpose to do what they do, and when you earn money there is a purpose for it. Like everyone else, I set goals for myself at the beginning of the year, not by the numbers of BCH I could get but by what I could do with my BCH. My focus is on what BCH can do for me, after all, BCH is money that is meant to be spent.

If I told you I live on BCH, that might seem like a joke to you. But that is a fact. Starting in March this year, I stopped my retail business due to transfer and relocation. I know that the only way to protect my money from the effects of inflation was to find an alternative opportunity. BCH looks like a great investment idea for me, and haven't read the stories of the biggest investors in the Bitcoin cash community, and the many investment lessons shared on read.cash, and YouTube by @MarcDeMesel, I went all-in for BCH in March this year. That was a good decision I made, since then, the price of BCH has been rising. And I earned twice as much money as I had invested, thanks to BCH doubling in May.

With my read.cash earning, which is also very encouraging, I have a good amount of money to live a decent life in my country. But I have my own financial goals to achieve. For me, making the right financial decisions is the best way to live a good life. I thought it would be wise to start a physical business again, and then I would need a car to move around and travel every day to the city center. I need to have a plan B with crypto, if the crypto market crashes any day beyond what it has done recently, I know I will still have a solid foundation for financial support.

Back view of my new car

Buying a car this year has been one of my BCH goals. The reason for that I have stated above. I know a lot of people would say, "hmm! How can you sell your BCH to buy a car when everyone is thinking of saving the BCH for the future?"

First, BCH is money intended for use. I only regret that I will have to sell for fiat before using it. This is the only thing that hurts me because I have to pay a high amount of bank fees before I can get my money to use it for what I want. And the time it takes to get money from the bank. Or I have to use a digital banking system yet the withdrawal limit will not allow you to send a larger amount of money over some time. In this case, it takes me two days to complete the payment for my new car because my bank does not allow me to send more than $1500 a day.

Secondly, I did not sell BCH during this deep. I sold some of my BCH in the second week of June when the price was $630. That was June 16th, the day after my birthday, and the day fortune visits me courtesy of Marc's generosity. I already have a plan to sell for the car, Marc's tips make everything easier for me. The car was supposed to be my birthday present for me, but due to commitment, I couldn’t buy it in June. Additionally, I was expecting to see the price of BCH go up slightly to $600 or $650 so I could trade at a higher profit, so I could buy the type of car I have in mind, but it looks like the BCH won't go up that much anytime soon. Seeing that, I changed my budget and bought a low-cost product that worked for my purpose.

You’ll think making this great purchase I have emptied my BCH wallet. That is far from the truth. I still have enough BCH in my private wallet and some in my exchange wallet which I use for trading. Note, I do not do the type of trading they call futures trading or the long and short type, I know nothing about that. I just buy and sell to make a profit.

Closing remarks

I have no regrets about spending BCH, and I don't think anyone should. BCH is money intended for use. Our job should be to join hands to spread BCH awareness in our areas to help move adoption to grassroots. That way, we won't have to sell BCH for fiat before use. BCH spent for good purpose is BCH well spent.

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3 years ago

Comments

GOOD LUCH DEAR, ITS HARD TO INVEST AT THIS KIND OF OPPORTUNITY AND EARN CASH, SO YOU DID AND CONGRADULATIONS FOR THE MOVING MACHINE.

$ 0.00
3 years ago

You did everything right. BCH is for use, for spending. If you can't buy the car with BCH, you have to exchange it for fiat. The car is a real investment for you, it is not a speculation whether the value of the car will increase. You can use the car to earn money, part of the money you earn can be used later to buy BCH if you want.

$ 0.00
3 years ago

At least you use the Bch to buy something useful and worth having for yourself. You shouldn't mind what people say but do what is in your mind. At least the money wasn't used for unnecessary things. We all have our different purpose of getting something for ourselves and that's it.

$ 0.00
3 years ago

Wow. You were able to buy a car? That's amazing.. I wish to have one too in the future.. It's okay to spend BCH.. You just have to save again

$ 0.00
3 years ago

Hello, my friend,

It made me happy for your investment in the vehicle to achieve your ends. You are correct, BCH is a means to use in daily life, and you are also right to regret not being able to use BCH directly in the buy and sell operation. I hope this changes in the near future.

Enjoy it together with your family. May God continue to bless you greatly.

$ 0.00
3 years ago

It's great that you got a car since it will enable you to better your life and that is the ultimate goal of Bitcoin Cash! To empower people all over the world. To get empowered you have to spend from time to time, it's money after all. Now all you need to do is slowly replace that which you spent :).

So very happy for your car, it's beautiful!

$ 0.00
3 years ago

Wow! You finally did it! Congrats! No worries about how much you spent. It's your BCH, and you work hard for it so no need to explain to the world why you spend it. Besides, you can still accumulate more BCH through writing articles and making noise.

Congrats again! One day, maybe in 5 years, I'll have my own car too, courtesy of my BCH. ☺️

$ 0.00
3 years ago

True! We have different purposes why we want to earn BCH! For me, I initially used it for my personal expenses. Came June, and I started to just hodl it. Now, if I'd want to have BCH again for use as payment for my daily expenditures, then i will accumulate it from other income sources. That's it. Your BCH, your rules.

Others may expend, others may hodl. Either way, I think is a good way to spread BCH awareness, in my opinion.

$ 0.00
3 years ago

That's the main reason - you had a plan in sight and BCH helped in achieving that and that's why we love BCH. There is no regret, sir as you have rightly said, you achieved what you had in mind, even though with better price you would have gone for your initial budget.

Congratulations, brother. Duly deserved and I hope to share this kind of success story soon. God bless your home, sir.

$ 0.00
3 years ago

Congratulations once again🥳🤝🤝🤝 i think i will also consider trading, especially with the explanations you gave on the group today

$ 0.00
3 years ago

This is awesome and I believe you will be celebrating your car for us because I can't wait to have some wine for myself.

BCH is truly not meant for keeping because it was designed for our daily use and the best part is having your BCH increase when the value increases as well. Congratulations once again.

$ 0.00
3 years ago

BCH is an investment and most surely be spent on something... car is a necessity that every family most own. Just don't relent start up another investment

$ 0.01
3 years ago

There is a reason why we are all having cryptocurrency which is to live a peaceful and a well deserved life. Selling your BCH to purchase a car is part of your dream comes true. So, everyone would have done same and even me because I have a target while acquiring BCH or cryptocurrency.

Thank God you have more than enough in your private wallet.

Success starts from somewhere which is what you just had.

Congrats and more successes are ahead of you?

$ 0.02
3 years ago

This post has explained what I needed to hear. Make your own financial decision because no one will be held responsible for any fall of market price of any token. Buy a car is a good decision in the right direction. Your plan B idea is a good step to secure the future.

I see you have set a pace for you financial freedom. BCH is not doing present at the market. I have made some decisions before I don't want to do now. Thanks for this wonderful post. Open your eyes everyone and see beyond.

$ 0.01
3 years ago

This is not necessary to hear what other say about your funds because crypto usually means makes life easier but those people think crypto is only mean profit so that they gonna angry when you sold your BCH

$ 0.00
3 years ago