Investing my some of BCH in different coins

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Avatar for Idksamad7869
3 years ago

Greetings!

Well I don't know if I'm talking another bad decision but I'm taking risk and I'll not feel sad to loss investing untill i learn and understand market completely

It's been 6months here making BCH and it's been 7months since i came to know about BCH and crypto and it's been 3months in trading world and was completely silent observing market moves ups and down

Time it take to stand again if it crashed and many more things also i lost more like 60$ from when i started investing in trading till now.

By losing my investment i didn't loss hope and it was my mistake that i started investing at wrong time and learned from my mistakes

As i did some mistakes in past the biggest mistake for me is that i started investing without studying trading and learning it

Not learned anything in 3months

And instead of not repeating mistake i still didn't learned too much about trading like i only know reading RSI, support and resistance (sometimes i do mistakes).little bit knowledge about candlesticks of different types and future trading meaning but I'm not going to invest in it and also virtual mining.

These are things i learnt in this time period and I'm confused from where to start learn which make my trading strategy good and at least i can make some profit from market without losing money.

So if you want to help me out in this situation then I'll love to know about it.

My old investment

I invested in these coins when bull market was about to crash and i bought 40$ worth DOGE coins at that time which worth only 16$ now so I'll not touch it until i recover my loss and this is for long term

Also when ONT was at ATH i bought few which I'm currently in loss

So what's hidden and in which coins i invested now and if bull run continue dominating market then I'll be happy to make profit but conditions are not good and market seems like going down and i hope this pump wasn't a trap otherwise I'm going to loss more amount this time.

My portfolio and investment plans

Well my portfolio is 95% full with BCH talking about overall portfolio both binance and bitcoin.com

But let me show my binance portfolio

Careless person portfolio

Don't see 3$ profit it's nothing against my loss I'm too careless in case of tracking how much i invested totally but suppose from 300$ I've left 183$ and currently invested more.

My investment plans

Normally, not normally but always peoples invest properly like they will do research they will write on copy from where they will buy and how much profit they will take from it

Meanwhile I'm the person who don't do research , never planned how much I'll take profit from this my exit and entry point so how can i become a successful trader well I'm finding a reason

Even though right before an hour i just made a decision instantly while watching series i came to know that who hold USDT?

Like you won't believe me i was holding since 2weeks and not investing coz whenever i invest market start going down and when it's dip I won't have any USDT to buy anything.

So this time my investment plans are like i always have some USDT in bag so whenever i took a bad move I've possibility to take a good move as well

I'm planning to track everything on Ms excel like how much i invested this month and total investments each and everything as well.

Some coins i choosed to invest in

I made a quick decision today like now i already took decision and fear in my mind to loss amount again coz market seems like going down but now it's not time to discuss this i already did what was necessary.

And i feel scared choosing against BCH so a reason to not invest

Coins i choosed

So these coins are i planned to invest in these like i choosed sand many times but unluckily coz of mistake i missed some trades

But rest of two keep and SLP tokens was in loser list today and then i decided it's golden chance to get these coins because I've seen this two many times in gainers and it has potential as well so without thinking too much i bought these as well.

Buying more and more

Still i put some of buying orders so i can buy more then rest of things depends on market if it will pump then I'll get profit and if it will dump them I'm going to loss more.

I sold 0.3bch recently

I don't think it's good choice of mine but coz of financial need i sold 0.3bch and then these financial needs vanished away and i have left USDT which I'm now planning to invest again and leaving some so i can fulfill my needs as well

Like i sold these BCH in parts when bch was at 510 i sold 10$ then at 520$ and then 550$ and in this way i lost more than i think but coz i wasn't tracking amount i was thinking that I'm getting profit

Volume is increasing

Also BCH is in strong position getting positive news nowadays and we're close to 1b$ 24hrs volume and chart is also telling that BCH is ready to make it's all time high very soon

I'm not talking about all time high of year but overall all time high which is nearly close to 5000$ so get ready for it I don't know why I'm investing in other coins but if it's like this then I'll go with flow.

Closing thoughts

It was random topic i got when i invested my Usdt in different coins and hope so this time I'll get profit

And also i wasn't ready to write today coz weather was extremely hot but now it's like cloudy and chances of rainy and also why not to make day productive

I've many things to do now I'm going to learn more trading but if you've any experience then share with me and guide me from where i should start learning

And also tell me your strategies as well coz everyone have different ones or one more thing is should i hold for long term or sell and buy normally in which way i can make more profit

One last thing as i promised that after reaching 2bch I'll invest more in different ways so I'm near to announce that i reached my destination or still more to go.

fin.

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3 years ago

Comments

I hold BCH recently but after little profit, I sold it out to invest more on AWC token. Today, I'm ok with decision taken because staking AWC token gives upto 23%APR while it continue rally and waiting for Bullrun. I think now is another best time to invest more in AWC before it finally boom. More about AWC token and staking, explore https://atomicwallet.io/awc-staking

$ 0.00
3 years ago

I've invested my BCH too to other several coins and that's okay! Its also part of diversifying your portfolio. For me, I invested on the tokens that are related to NFT/ Blockchain games. Based, on my observation, these kind of coins are growing faster than any other coin

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3 years ago

It would be a wrong idea to invest in what you aren't sure about to avoid regrets, every bit of Satoshi matters and shouldn't be allowed to waste even though there would be bad days but you must be sure and have the good knowledge of where or what you are putting your money on.

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3 years ago

Luckily this time I've booked some profit it was risky choice but i was lucky hehe

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3 years ago

I felt like I need to hodl more so I can diversify everything. I need to learn more about this too before taking risk.

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3 years ago

It's really nice to diversify one's portfolio, but one need to do enough research about the coin one is buying.

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3 years ago

Coz of my laziness I don't do any type of research but hope so after losing much money I'll open my eyes

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3 years ago

It is definitely a good idea to diversify your portfolio. It is always hard to pick the coins.

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3 years ago

Indeed and it's risk taking thing but it will increase my experience

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3 years ago

Yes we learn as we act.

$ 0.00
3 years ago

Having others coin on portfolio is good decision ofcourse . But why you are not going for cake, bake. Banana, sxp? Usually cake and bake under BSC smartchain and having good popularity due to its platform. In fact, this can give you cool profit if you able to hold it for few month. I think this is better to buy this coin rather than keep usdt on portfolio.

$ 0.00
3 years ago

I missed opportunity to buy cake at 9$ but at that time i don't have USDT so from then till now I'm waiting when it will go down so i can buy more and I can't stake these things coz of interest is prohibited in religion!

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3 years ago

leave farming or stake mate. HOlD on your portfolio or set up sell limit. Maybe within short term bake and cake will show good magic. There has EFI for you too. AXE you can look too.

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3 years ago

Thanks I'll do more research on this then I'll add it in my portfolio

$ 0.00
3 years ago

If your crypto is not that huge, better let it grow first before dividing them.. I diversified my portfolio after saving more than 1BCH.

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3 years ago

That's why I'm going to increase my portfolio after making it huge and currently deciding to increase after reaching 2bch thank you for advice I'll follow it

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3 years ago

Risk taking is still parts and parcel of the business game especially that of the language of the cryptos bit in all, nothing seems as sweet as making mistakes and realizing one's mistakes and then giving some room for improvement. We are all novince at a point in time when we started investing in cryptos initially but now, from the mistakes we've made then have all turned out to be very much pivotal to our better tomorrow. Great bro but keep winning and keep investing ok. Pls try and carry me along also when it comes to which cryptos you ate investing in so I can know if I can also factor in too

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3 years ago

It is always good to spread out the risk. But if you don’t do any research it is like buying a lottery tickets. If you are planning to hold some tokens for a longer period of time, it isn’t a bad idea to check of you can stake the tokens on binance. This way your tokens at least earn some interest in stead of collecting dust. But to be honest some tokens where I did do some research will never get back to the point where I did purchase them!

$ 0.00
3 years ago

Indeed agree without research it's just like buying lottery ticket but i don't know proper way of doing research and not learning as well. I'm planning to hold some for long term like ONT DOGE and rest for trading

I know staking process but it's not for me I don't think it's good for me and for some other reason I'm not going for it

I'm hearing this first time and thanks for telling me I'll do research as well and learn everything as soon as possible

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3 years ago

You are so brave to take the risk and invest some of your earnings. I do plan about this too someday when my knowledge about trading is already at it's full max. I am not so familiar with it today unlike you.

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3 years ago

I'll suggest you to learn completely about it before thinking about it otherwise i also lost too much and still I'm not learning and taking risk

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3 years ago

I will bro. I need to learn every process for I can't take risk without proper knowledge.

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3 years ago

Good brother wish you best of luck and have a good day ahead

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3 years ago

Thank you, brother. You too.

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3 years ago