BCH Trading Challenges : I've lost more than $40 in just 7 days

I started to learn about cryptocurrency way back when I was in Tata Consultancy Services about three years ago. We were forced to take online trainings regarding cryptocurrency, bitcoin, and some other alt coins, big data, cloud and any other topics that are all related to the current technology.

I just took those trainings just for compliance purposes. At the end of each trainings, there are exams that you need to pass before you can mark it as complete.

Since I am not interested at all during that time in the cryptocurrency world, I just click the next button of each slides without understanding the context and just forwarded directly to the exams. And since I don't have proper understanding about the topic, I cannot recall how many times I have to take the exams (if I may recall it correctly, more than 10 times I think). Luckily, there's no limit in the number of take. I even tried to cheat like I am taking screenshots of each questions, tried to check google for the answer and then on my another attempt of exam, I will just look for my cheats to make sure that my answer is correct. In other words, I am able to complete all those mandatory training without understanding it.

And then last January of the current year, I don't know what came to my mind that I just suddenly got an interested to learn about the concept of trading cryptocurrency.

I have shell out 1000 PHP ($20) as my initial investment. I have bought 3 currencies using it. I bought BTC, XRP, and BCH. I invested to these three currencies cause I've watched a video tutorial advising newbies to invest on multiple currencies to gain more profit. But it ended up me focusing on BCH and XRP only as you can see from the below trading movement.

By that time, I do not know about noise.cash yet and hence I am using my own money in my trading.

But them around mid Feb (I cannot recall of the exact date already), my youngest sister learned that I've been studying on how to trade using cryptocurrency and that's when she introduced noise.cash to me. She asked me to register to coins.ph first and have it verified before I register to noise.cash which I also followed.

And started then, I tried to save all my earnings from noise.cash. But there are times that I am forced to sell some due to some personal family financial matters.

I continued saving and HODLING my BCH earnings till last September 3, 2021, I decided to sell 0.359 BCH at the price of 34,000 PHP ($680). And as you can see from the below, that is equivalent to net earnings of 12, 206 PHP.

The next day, I am able to sell my remaining BCH earnings 0.109 BCH at the price of 35,000 PHP ($700). At this point, all my BCH earnings from noise.cash have been sold already.

All in all, I am able to accumulate a total of 16,021 PHP from those transactions.

But then last September 13th, when I noticed that the BCH price trend is looking good and going into GREEN direction, I bought 0.534 BCH at the price of 31,000PHP which is equivalent to 16,620.22 PHP.

I though the BCH price will continue to rise but unfortunately, the bullish market has ended too soon. I am supposed to sell all of them again when the price hits 35,000 PHP ($700) but looks like it's not happening yet within this week.

As of this writing, the bid price of BCH is at 27,208 PHP only.

If I am going to multiply it with 0.534, I will only have 14,529 PHP. Which means my total lost as of this writing is around 2,091 PHP ($40+).

But of course, part of trading is having more patience.

I know that our price direction is going down at the moment, but I have a BIG faith that BCH will go into BULLISH run again and hence I will just HOLD my assets and wait till my target price of 35,000 PHP ($700) has been hit again.

I am still noob when it comes to trading but slowly, I am trying to learn from other's experiences being shared in this platform as well.

That would be all for now. Many thanks for dropping by and spending some time reading this one. I am not able to sleep and hence to make myself productive, I thought of writing an article that's somehow related to the current dip.

I just want to extend my gratitude for their trust and support on my writings as always.