June 21, 2021
I first heard about BCH around ten months ago when @bmjc98 introduced read.cash to our group chat. I have written about this before. Here is the link of The Road to BCH.
https://read.cash/@Judith1969/the-road-to-bch-47395577
Moving forward to today, all the BCH found in my coins.ph wallet are from my earnings here in read.cash and noise.cash and thru a little trading of BCH.
When there was a spike last May I kept on selling my BCH and when it slowly dipped, I bought BCH from time to time.
My BCH in the wallet has now reached 0.5+, halfway to my goal in reaching 1 BCH at the end of the year.
I kept watch on the price of BCH every day. It’s the first thing I checked in the morning before opening my messages, before opening my Buzzbreak account and before Facebook.
I still have a lot to learn in terms of trading. I have to build up patience to be willing to wait before buying and selling.
You see, end of April and at the start of May when BCH pumps, I immediately sell half of my BCH and that was at Php44,000+ or around $916. A few days after I sell another round of BCH. The table below shows my monitoring ledger for my BCH.
My impatience is greatly shown here. Had I not sell right away at Php44k, and waited for the highest pump, I would have more BCH now.
And here’s another example of my impatience. When the BCH dip bit by bit, I started buying. Another wrong turn on my part.
Had I waited for the deepest dip which happened this month, I would have been so near to my goal just by trading.
I made a small profit on trading though. Some of the above bought BCH were sold at a higher price and gained profit. The first 3 price is how I remembered it. I was not able to get the exact price but I know that is the rate as I told my friend about this.
Herebelow is the profit I gained from trading BCH.
For now I am still hodling all those BCH in the hope that those bought at Php60k plus will earn a profit.
I have learned my lesson the EXPENSIVE way.
This morning when I checked on the price of BCH, the buying rate was at Php27k+. The dip is really a high time to buy BCH but I don’t have funds in my coinsph anymore. There were only a few cents left there and is not enough to buy even 0.00001 BCH.
So I decided to withdraw my savings in Gcash bank – CIMB.
They say invest only the amount that you can afford to lose.
Well, the fund in Gcash bank was just there for savings. For almost a year now it only earned Php58.00 or a bit more than a dollar. Such a very small income compared to what I have profited from trading of BCH in two months.
After withdrawing the amount, I transferred it to my coinsph wallet and bought BCH. I just bought Php1k thinking that when it dipped again I still have some fiat to buy. And as of this writing, I bought another Php1k as the rate dips to Php24k+.
I hope that it stops here and will soon pump up again.
Let’s all pray for that.
Thanks for dropping by.
🧡🧡🧡
Lead image bu Unsplash.
You're not alone, sis. I had USDT before more or less $1000 but I bought it at under $900 I guess. I knew it would go under $500 but I listened to people who said it won't go below $700.
Lesson learned: follow your instinct and don't let their opinion distract you.
Next time we pump again, I'll make sure to hold the USDT and only spend them when it's under $700. Hehe.
And nice spreadsheet, sis. Napaka detailed.