The Dream of Buying Bag load of BCH in Two Digits
10-11-2022
The time really flies so fast and there was a time when once I just had a thought to see market this low and it happened.
When the last time BCH went down to $96 I couldn't buy anything and completely missed it out.
So from that time I started believing it might end up as a dream to see it again at this price range even though was holding up quite strong in between $120 to 100+ range but didn't saw in two Digits.
But again time flies so quickly and didn't expected market will witness another drama like Luna which is obviously FTX and coming from CZ.
FTX is Insolvent but Dip Ain't
I haven't tried any exchange other than Binance except Hotbit where I Got Reckt and it all started with FTX and CZ tweet so far it caused market to fall.
And this Bloodbath is solvent likely in coming month we'll be far ahead than where we are at now.
I think so this will be for short time dump happened cuz of this drama not Good at all for market.
Anyway, this dip didn't last for long and now I'm seeing market is recovering as of now cuz of CPI report.
I have started Buying Dip and only Two coins I bought during this market are BCH and Hive.
I kept Stablecoin for this moment
Last night market went too low and Good thing I kept Stablecoin like 90% in exchange was waiting for this moment.
But then somehow I applied DCA Strategy which went quite wrong like should've bought a lil later instead of catching a falling knife.
This was the support I waited for from long time but my first buying was at $102.
Instead of buying at 95 I bought a lil high but was doing DCA so next order was not there but I bought a couple when it went down to 89.
I Put Buying orders of BCH under Two Digits
First buying in three Digits and than it went in two digits. I put buying order at $86 randomly for no reason and the next second later I cancelled the order.
Set a new one at as you can which was filled and surprisingly BCH
Jumped back from 87 meanwhile my previous order was at 86 and putting a new one was the right decision.
And Not Gonna lie, I never do any kind of technical analysis just buy from where I feel it's Cheap and let my emotions decide buying and selling point in spot is a thing worked out quite Good this time.
I literally put so many alerts when market was going down and volatility is too high at these point.
So, monitoring it by myself taking help from alerts and was also making nervous at some point.
Good thing was only Able to buy in two digits coz of FTX drama and this price alerts. Quite a Good way to keep track of market.
Dream Comes to an end
And so in last it happened and bought the dip. I won't make any blunder by selling anywhere near to my buying range and small profits.
I believe long term gains are better than these short term so not enough brain for stressing out in market.
Can't make more Mistakes and so that's why I ain't touching or making blind trades. For now just keeping more Stablecoin than being into coins comes with volatility.
Fin.
That's all for now, Hope you all are Making wise choices and in coming time loses will turn into profits. As long as you're holding and not letting coins Go cuz of Panic or fear you're safe and hadn't lost anything.
Instead of going for coins value in dollar that you're holding and are in loss better to take it as 1bch remains 1.
It helped me to stick with it until now and won't let me sink as far I think.
As of now from past three Days I took off from college and spent entire time on screen observing this situation in crypto.
Like there's nothing like study exist in this world but promise from tomorrow I will focus on it more than anything else in this virtual life and leaving this side hustles.
I took ethereum a lot seriously during this dip. once the market recoveres my effort would pay off hopefully.