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I've been feeling somehow and funny as well for the passed two days. I went to engage in trading to make a cool money but it backfired. I don't know what pushed me because I'm not the trading type, I love to hodl and sell off when I'm satisfied and in need of the money.
Fasten your seatbelt let me tell you my experience.
It was two days ago(Thursday) when I decided to swap my dead-lying USDT on my wallet to a coin and hopefully get some extra USDT at the end of trade. I thought of different coins to buy but fear gripped my heart on most of the coins because I don't want to face a sharp deep dip Incase the wonder occurs... just like it happened to Luna🤦 that wrecked many.
I haven't been conversant with most of the cryptos because I've not been trading, it's only BCH I know I've followed the chart(up & down) for a while, so I decided to settle for BCH, yes our lovely BCH🤣.
I decided to trade BCH
You know, BCH made some good move earlier this month to $165, and I was all hopeful for a return of that price at the moment I traded.
I checked the price, it was $134 and on 0.30% rise, so my mind was convinced that the increased had just started. I gave 0.30% a good mark of increase, like it'll soon get to 2%, 3%, 4% and possibly to 100%🙈.
I bought 0.15BCH with $20.1 and decided to be on the watch incase BCH increases to $150🤣. I got tired of watching because I'm lazy in that aspect, I went off to do other things.
Within some minutes when I log in to Readcash, I saw a huge decrease in my wallet and I began to think if I had upvoted a huge amount unknowingly, but...no! That's when I knew that the magic has happened!
I quickly went to check my Bitcoin.com wallet and behold, I met a wonder! I met $126. This happened within an interval of 1 hour.
I began to regret, "who sent me?". This must be village People at work. At that moment, there's no need of swapping because I'll be at lost, so I left it so see if it'll catch up. I decided not the check the wallet again for the whole of that day.
But trust curiosity na, I went back to check and met a bigger shock, it had decreased to $120, omo! I left it there and hoping for a miracle.
This morning at the time of writing this, I quickly went to check my wonderful trade and I met $117, I wasn't shocked again. It's BCH doings. Lol
Conclusion
In my honest opinion, leave trading for those that know how to go about it. Don't go and do guess work.
Although trading is as well risky to the genius but they have a good knowledge on how to foresee some conditions.
Thanks for reading
20th August 2022
It is not advisable for someone who doesn't know how to trade to engage in it. He will eventually lose his money. There are many things to notice while trading like the price action and so many things which a beginner doesn't know