I Spent My Last Fiat To Buy BCH Instead Of Paying My Bill

Before you misunderstood me, please read the entire article to understand the real score here.

Have you seen the market lately? I bet you all do. Honestly, as much as possible, I don't want to check the wallet. It's just too bloody that it just makes me sad. Not because it keeps declining day by day but because I don't have any fiat to buy while BCH is still on its huge sale again.

But after seeing the market this evening, which I'm glad I did, it made me happy that it finally went under $400. Okay, don't get me wrong, I do want BCH to fly to the moon as soon as possible and as far as it can go, but then, we all know that it's not going to happen yet. It will probably take some time for the market to recover from its last ATH.

So instead of waiting for the bull run, I grabbed the opportunity to stock more BCH while the price is too cheap. Yes, I bought some BCH using my fiat and so happy that our local crypto wallet, coinsph, was fast enough to do all the transactions I needed.

At first, I was hesitant to send my peso to coinsph, but I had no choice. Luckily, it went through and just took me less than 5 minutes to do everything, from converting fiat - BCH to sending my BCH from coinsph to Bitcoin.com.

So how much did I buy?

It's not really much. It's just Php 1,900 or $39.02. I would love to buy more but of course, my resources are very limited as of this moment.

So I bought BCH worth $39.02 at the price of $396 and the fee for the overall transactions was $0.74. It was a bit huge for the normal transactions though, but at least, it was less than $1.

To be honest, this little amount I invested was meant for the electric bill by the end of this month, but I couldn't just ignore the price at $396, so I bought BCH instead. Besides, Wednesday is payday, which means I can still pay my electric bill without any problem.

So what's going to happen next?

I immediately sent my newly purchased BCH aka personal investment to Binance. The amount I received in BCH was 0.09553245 and set a sell order in Spot Trading.

For me, this is a great opportunity to earn more while the price is still hot. I will also include the BCH I bought last May, which is worth $38.50.

From now on, I will keep buying whenever I can using my fiat. I will just have a separate wallet from my earnings here, so it will be a lot easier for me to track down my personal investment.

Okay, so I've just realized that I made a mistake here. I should have sent the BCH directly to Binance to save me from paying extra fees instead of sending it on Bitcoin.com. Oh well. Better luck next time then.

Closing thoughts

In times like this, grab every opportunity to stock more BCH while the price is super cheap. It's not like you can see BCH under $400 every day.

So if you can afford to buy, why not! If you have enough fiat, then invest as much as you can. If you don't, just settle on how much you can afford to invest.

If you believe in the power of Bitcoin cash, then you know buying some at its cheapest price now is a great way to accumulate more. Don't be afraid to take the risk. After all, we all know that our little investment can make a difference in the future.

Just remember, ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.