I am back to simple trading in Coins. ph

Blog:139-19th
Date :July 29,2022
Time :02:49pm

I am always eager to learn how to trade that's why I started the simple trading that I learn using my Coins.ph account. I watched Youtube video tutorials to learn how to do it right. You know trading needs investment so better to be sure that to lose my own money.

It was February 2019 when I tried to do the simple trading in Coins. ph. I first bought BTC because I am not yet familiar with other crypto coins. Then I bought my first Bitcoin Cash around May 2019. I just tried to buy worth 100 pesos BCH. I just stop trading in Coins. ph when I started using Bitcoin.com wallet as my main wallet for my earnings in Noisecash around July 2021. Since then I only used my Coins.ph wallet if I need to cash out my earnings in Noisecash and Readcash since that's the only available wallet that I can withdraw my crypto earnings.

Last July 25 I decided to convert my other crypto coins in my coinbase wallet to BCH so I will send it to my Coins.ph account. I convert it to BCH first because sending other crypto coins to Coins.ph like BTC has higher gas or transaction fee, unlike BCH which only costs 0.02 centavos. I sent 0.02341828 BCH or PHP171.25.

I need money at that time that's why I wanted to cash it out. Then that day also my sister-in-law sent me her BCH earnings from her bitcoin.com wallet to my coins.ph account because she needed it. She sent me 0.02191909 BCH or 154 pesos.So I had 325.25 pesos worth of BCH in my BCH wallet in my coinsph account. As much as I wanted to convert it but the price of BCH goes down when it arrives in my bch wallet so I waited for the BCH price to go higher but it didn't happen. So I just give the 154 pesos to my sister-in-law but I didn't convert her BCH. I was hoping for the BCH to pump again. But then the other day my boss sent me P9k on my GCASH account, she told me to cash it out and give it to her mother-in-law. I immediately sent the amount to my Coins.ph but then I need 90 pesos for the transaction fee and I don't have any other available in my Coins.ph wallet but the BCH that I try to hold. I have no choice so I converted 100 pesos worth of BCH to cover up the transaction fee. Then yesterday I noticed that the price of BCH goes a bit higher. Since I only have 0.02690176 BCH (222.51 pesos)left in my BCH wallet I decided to convert the 22.51 pesos(0.00302784 BCH) to make my BCH balance a whole 200 pesos. That way it will be easier for me to monitor if the price of the BCH will go higher. Nineteen minutes later the BCH price go higher and I was happy to convert or sell my profit. From 11:51 am-04:49-PM I earn 17.02 pesos.I take my profit 12 times. Minimum of 0.00007671bch or 0.65 centavos to convert it to PHP. It's not that huge amount yet I am happy that I earn little by just doing simple trading. Of course, if you have a bigger capital then you can have a higher profit too. Since I wanted to start from 200 pesos and I will try to make it grow bigger soon. I just really hope that BCh price will pump higher.

Here is some of my BCH conversion.

Ending thoughts

It might be a small profit but still a profit so I am happy to earn in my simple trading. I got the chance to convert my profit today around 2 am just perfect timing before the price of BCH goes down again. I am planning to study how to do trading in Binance too. I have to, be careful. As they say, invest what you can afford to lose. Anyway, Coins. ph has Coins.ph Pro where you can do trading like the usual trading that you get used to. I just don't know how to trade there so I only do the simple trading.

How about you guys? What platform did you use in trading?

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