@Judith1969 21 June 2021 more from that month

Investing in BCH

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.