I Sold 3.46 BCH Just To Fund My House
Many of you might think I'm crazy selling my most valuable asset at this current rate. You might say, why now and not way before?
Yes, I sold 3.46 BCH just to fund my tiny house so my mom and I can finally live in the house we started in May 2021. And I get it that if we based in USD value, I am at a huge, huge loss. I also know for a fact that I could have had more USD if only I converted my BCH way before this bearish market started, but I didn't.
It may be saddening to think that I lost probably a thousand dollars but what can I do, life is unpredictable sometimes. Just so you know, before I did this, I had no intentions to cash out just yet not until BCH hits $2000. I have held my BCH so tight for more than a year because I was so bullish that it would pump hard based on how the big names had predicted by the end of 2021. Just too bad, it didn't happen (yet).
Then here comes real-world stuff, and I had to choose between waiting for more months till BCH would pump back and in return, I needed to delay my house again, or take some of my BCH, use them for the house, and voila, problem solved!
Of course, the answer is already obvious. I chose the latter part. I chose to take some of my holdings and spend them on my house. Well, honestly speaking, I have no regrets at all. I stopped thinking and just wanted to solve the problem instantly. If I hadn't made such sacrifices, I'd still be stressing out myself until now, wondering how or where to find that amount so I could finish my house.
The 3.46 BCH, by the way, was worth $1,145.60 or 59,436.52 PHP at that time I cashed it out last February 15 through P2P on Binance. Thanks to @Eybyoung's article, I finally learned how to do P2P, and I so loved it! In fact, I can't wait to do more transactions in the future.
So what did I do with that amount? Well, I bought 100+tiles, other materials, basic stuff for the house, and even used some to pay for the labor. I still have $200 left but will have to spend the remaining amount on other important things too. So far, I have already spent quite a lot of BCH in just 2 months since 2022 has started.
First, I sold 1 BCH worth of profit in AxieBCH, then spent 3.03 BCH on smartBCH, bought my Pega with 1.94 BCH, and then the 3.46 BCH for the house. Overall, I spent 9.43 BCH in just 2 months. Nonetheless, the 3.03 BCH on smartBCH and 1.94 BCH in Pegaxy are investments so I know they are still working for me.
With my AxieBCH and GAME tokens alone, I know my investments are still good. I told you, I am so bullish about these two so whenever I get the chance to buy, I will buy just to have more. My Pegaxy investment, on the other hand, despite being so down at $0.05 per VIS, my capital is still good, and I know that it will recover soon. I plan to buy back all the BCH I spent on both Pegaxy and the house. I will make sure to grab this opportunity while BCH is still cheap.
Closing thoughts
I cashed out last February 15 and moved into our new house after 3 days. For me, it's worth the sacrifices I made.
If you're wondering if I'm still bullish in BCH, yes, I am and will always be! I am so grateful for having a decent amount of BCH because I wouldn't have anything to pull out in case of an emergency if it wasn't because of my holdings. We all know that with BCH, transaction fees are so cheap that even withdrawing $1000 would only cost less.
Thanks, BCH, and rest assured that I will buy back you. Lastly, thanks for saving my life.
PS: No house photos till everything is all worth sharing.
Entry 11: February 22, 2022
Okey lang yan sis ..May babalik din naman sayo at may pag asa pa kasi di pa naman gaano mataas ang bch now. Mababalik din yan atleast nakita mo na ang pinaghirapan mo. Kung baga may remembrance kana😊