Red hell
January 6, 2022. No. 119
It started just about 12 hours ago, but the truth is that for a few weeks it could be seen coming. The market is in constant decline. We should be used to it by now, but the truth is that one never gets used to this completely. It is difficult to see how your earnings from several months of fighting hard have decreased by -6% in just a few hours.
On the other hand, fear stops me even to convert my BCH into Daiquiri for example, which right now the price is around $0.273. The other days I said when the price was at $0.17, I thought to myself: "I am not going to buy at this price, it is too high." I did not buy it, and the next day I woke up with the news that it was at $0.22 and rising. They see where he is. So maybe if tomorrow dawns higher, it is thanks to not buying today. Interestingly, whenever I buy the price goes down, and when I sell, the price goes up wildly. An image says more than a thousand words.
When I get to 2 BCH, which I imagine will be short, everything I earn from that moment will be to buy tokens in smartBCH and be able to increase my profits. But I want to leave my 2 BCH there for the future. I don't want to risk more. Life has shown me many times since whenever I try something new, 99% of the time it goes wrong. Even being positive, but the time comes when you have to realize that trading or everything related to it is not for you. So I freeze on these occasions and am unable to act on the matter.
Since I started in read.cash my idea was to hold HOLD for the future, for my son. So I shouldn't mind this drop if my BCH is set for 10 years from now. But the reality is that these emotions are difficult to control. Maybe if I took something out of FIAT, and bought something physical, it would be ideal to feel that I don't really have only numbers on a screen. This would bring me back to reality about this fictional story that I am living.
Try as we might, it would break our heads to imagine how Marc provides the funds for this platform in a selfless way. But everything has a limit. Imagine that these funds in BCH were purchased at a certain price. If BTC keeps falling and dragging BCH with it, then the platform falls into a huge loss, or it just can't reward tons of users as it always does. Obviously, I would give a lot more BCH during each visit of our green friend to the articles, something that, for now, would be impossible, in my humble opinion.
“Bitcoin fell below $44,000, after a Federal Reserve official in the U.S. implied a high level of discomfort with high inflation during their meeting in December, according to minutes of the meeting that were released on Wednesday” Muyao Shen and Damanick Dantes in coindesk.
Bitcoin fell 2.73% to $44,500 on the hourly chart.
It is time to wait and be patient. Nobody has lost their money, as long as they don't click sell. It is hard to believe that despite the enormous effort that many people in the world are making in different places, so that BCH is more popular and that it is used as a form of payment in different establishments, some still prefer Bitcoin.
The video is from @BCHouseVE and the translation into English thanks to @SatoshiAngels.
Few care if it is used as a means of payment or not, or if the fees are very high, or if the transactions take a century. In the end, they don't use it that way, they just trade it to make money, or they just HOLD it in hopes that it reaches $ 100,000 or more. At what point would you sell? In $100,000? What if it goes to $200,000? Wait, don't sell, what if it hits $1,000,000? Nobody knows how long they will wait to sell, but it is what they are doing.
We have to wait for the day when the BCH breaks the resistance against the BTC and starts making its own chart. It is difficult, but not impossible to achieve. This story is just beginning.
As a good friend said, which I hope will allow me to quote him here:
"Stop panicking about the bear run! $BCH is only 4% down compared to last year's value!" @PVMihalache
It only remains to wait and HOLD! The future is ours and we know it.
4 days left...
It seems that the same thing happens to all of us when we sell, hold or buy, one laughs not to cry.
I invested last year only 100 dollars in btc, it went to 160 and I did not sell, but I was in medical trouble and in the end I had to sell at 110. I won very little but I feel I lost a lot.