BCH, you broke my heart

I know majority of us have had our world crashed this morning because of the value of BCH. Even more so when it reached to $500+ this evening. I know it even did broke a lot of hearts including mine. Yes these things are expected because in the world of cryptocurrency, every coin is volatile. But when do we have to hold on and when do we have to let go?

In my 5 months experience here on read.cash, I did had some coins that I hodl but some of you know that my top most priority was my bill or rather my debt. Each month I needed Php10,000 or almost $210 for my postpaid bill and credit cards. Though it was March when I have decided to transfer my earnings here on read.cash from 1-15 of the month to my Coins.ph and it will all be use for my bills. Then the earnings that I have accumulated from 16-30/31 will be for my hodl which will be transferred in my Bitcoin.com wallets. I have already published an article on what's inside my wallet months ago but I still divide it between my main wallet and my $1 challenge wallet.

However last month I had a very unexpected and unfortunate event that made me want to quit my crypto journey. I cannot say that I have given up my wallets since I am still hoping that my phone will be fixed and I will still be able to get my seed phrases. I know some of you already know what happened. I have saved quite a few amounts of BCH then but when everyone was rejoicing with the increase of BCH last month, I was grieving. I am happy of course even if I waa back to zero because Bitcoin Cash has helped me a lot in the past couples of months with my debts. I started again and with the little BCH that I had, I was overjoyed when it reached its all time high this month.

When I bought a new phone last month, almost all of my earnings here on read.cash was transferred to my Coins.ph wallet since I have to prioritized first my debts. Plus the fact that I wasn't able to publish any article for a week when I didn't have a phone. And when BCH had its all time high for this month of May, I already have some coins on my Coins.ph wallet. But I didn't convert. That time my money was equivalent to Php7,000+ (or $145) but it was really only below $100 when I transferred some of my coins. Isn't it amazing? The power of hodling. During that time I was already happy since I only have to work for the remaining Php3,000 (or $62.5) for me to be able to complete my money for my payables this month. But again, I didn't convert. Why? Because I was still hoping that BCH will go up to $1,800 or even $2,000. Then it went down but not that low as it was still above $1,000. And then last week, I saw in some noisy posts of some users that BCH again hit $1,600. However I wasn't able to convert because I was already at the vaccination site with my parents. I was able to convert a few BCH when it reached $1,400-1,500 that day. I didn't converted it all because my intuition was telling me that it will go up again. Well my intuition was wrong. LOL.

After we were done at the vaccination, it was already playing around $1,200-1,300. Again, I still didn't convert. I saw the value of my BCH in our fiat from Php7,000+ down to Php6,000 down to Php5,000 and the most heartbreaking was Php2,000. I wasn't suppose to open my Coins.ph wallet but because I needed to check if the money that I transferred from read.cash was already in my wallet. I transferred it around 4PM but when I checked it at 9PM, it is still not there. I don't know whether it has been refunded on my read.cash wallet since I wasn't able to take note of the volume of my BCH. I just tried transferring little amount because yesterday it was refunded back after 3 hours. Have you successfully transferred your read.cash earnings for this day?

Anyhow, I am heartbroken but I know that BCH will pump up again. And I hope that a lot of you have already bought during the dip. If I didn't have any debt, I would have bought a lot. Or if I have converted the Php7,000+ before, I can buy some BCH during the dip this evening since I only need almost Php3,000 for my payables next week. Now I must hustle even more because I still need a huge amount of money by Monday. Honestly I still don't know whether I will convert the BCH that I have accumulated from 1-15 into fiat. A part of me is telling me to hold them especially because it's value is to low but part of me is also telling me that I have my obligations. I wonder what my decision will be in the following days.

Going back to my question earlier, how do you know when to hold on and when to let go? Seems like a question from a bittersweet love story right? Well that is just how I see our emotions is whenever our BCH drive us to the moon and then suddenly crashes down just like of a rollercoaster. We have this love-hate relationship especially for people like me who spends BCH for my payables. I love it when it's high and hate it when it's low. But when do we let go and when do we hold on? For me that time I have already felt that urge to convert when it reached $1,600. I don't know if it was already considered as greed for me wanting it to go higher. I should have trusted my gut. Now I am heartbroken with the hope that it could rise once again. If not, then I have no otber choice but to convert it at a much lower rate. That's just how it is and again life had teached me another lesson.

I know a lot of us have been heartbroken but we all know that our beloved BCH will rise again and will soon reach another all time high. For now I will leave  you with a few lines from a song, Don't Go Breaking My Heart by Elton John in which we can dedicate to our favorite coin, Bitcoin Cash.

Right from the start
I gave you my heart
Oh, oh I gave you my heart

So don't go breaking my heart
I won't go breaking your heart
Don't go breaking my heart