Investment went wrong

Blog:95-24th
Date :May 29,2022
Time :2:58pm

Investing money without doing some research, that's the biggest mistake that I made last February.

I've been using Abra wallet since March 2021. But I am not actively using it or funding my wallet not until just this year when Abra had a promotion on holding worth $15 worth of CPRX for 7 days and holders will get $25Cprx as a reward. Due to my eagerness to earn from just holding CPRX, I transferred my BCH from bitcoin. com wallet worth $24.39 to my Abra wallet and exchange my bitcoincash to CPRX. I held it for the said 7 days but I didn't get any reward so I waited for a couple of days more but still didn't get any reward. I decided to contact Abra support to know the reason why I didn't get any reward after holding CPRX for 7 days. Then they replied telling me that my account is not eligible for the said reward since it's only for new users. Since I have 2 Abra wallets and I am using my 1st and original account because I forgot the seed phrase of my second account. It's really my fault because every time I saw some trend wallets online I tend to make my own account and since I am not yet familiar with seed phrases before I didn't mind them and I didn't remember that I saved the seed phrase of my 1st Abra wallet. I just knew that I already had made an Abra when I was trying to verify my second wallet. Abra won't allow having 2 verified wallets so I contacted their support and told them to erase my second wallet so I can continue using my 1st wallet.

Around February Cprx price goes up again because of their promotional reward. A lot of people want to get that reward, they also have referral programs.

However, around the end of March when the Cprx price is still up I tried to swap or exchange it to Bch but unfortunately, Cprx trading is close. The only way to sell it is using Bittrex but then selling using Bittrex had a minimum amount and with higher gas fee or transaction fee. My Cprx is not even enough to cover the transaction fee. They said that cprx TRADING will open end of April then it moved to the 2nd of the week of May but till now we still don't know when is really the time they will open the trading of Cprx. All we can do is hold and wait.

Moreover, I sent all my March earnings from both noisecash and readcash to my Abra wallet hoping to earn passive income from their earn section but then even if I invested $68 I only got 0.00002907bch interest so I just decided to pull out my investment and I suppose to convert my $68 bitcoincash last April because we badly needed the money but all of a sudden bitcoincash goes dipper and dipper each day. All I can do now is to wait until it goes back to the moon. Since I am not a long-term holder I shouldn't put my earnings into investment.

Ending thoughts

For now, I only have the 0.17961338 BCH and the 856.86CPRX my Abra wallet. All I can do for now is to wait for the price to go up again and convert them to fiat. I needed that money for the construction of our house. It's a lesson to learn to do some research first before investing a hard-earned money. As they say, invest only the amount you can afford to lose.

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