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`
71 comments
Don't beat up yourself too much. Sometimes it's necessary to sacrifice some crypto to meet pressing needs which just can't wait. I remember sometime in 2021 when I had to sell a 100 Cake to cater for some urgent expenses, mind you the price of Cake at this point was about 80 cents. Although I was still in profits from my entry price, you can imagine my dismay when shortly afterwards Cake pumped like mad. In retrospect, was the sacrifice worth it? absolutely YES as it was the only available option at the time.
Yeah, that's what I thought so too. I got tired of thinking other options as I barely had one. So when we decided to move on the 18th, I made up my mind to cash out what was left in my wallet.
For me I believe you did the right thing coz we are still alive so you still have many more years ahead of you in order to accumulate more BCH... Wishing to see your house when its finally finished...
Yeah. And it's not that I bought my BCH at a high price. These were mostly earnings from blogging and making noise so no biggie for me.
This is a wonderful story of yours. I believe that you will earn even more. Good luck
Thank you. I will do my best to earn more again.
Good things are always attributed to BCH, and this one is not an exception. BCH saving people since its inception
Yeah, it does save the day.
Sis I was amazed with your earnings! π² Sobrang laki talaga. Mapa speechless tayo. Sobrang blessed mo sis. It's okay lang na nasold mo sis kasi gagamitin mo din sa importanteng bagay which is your dream house sis. More blessings sayo palagi sis. ππ
Nilagay ko na sa article as remembrance, sis. Haha. Baka matatagalan pa bago ko yan mababawi. Hehe. And thank you always, sis.
Mabilis lang yan sis ikaw pa. You're always welcome sis.
Chins up, MJ. You will recover it back. You used it for a good cause even though you wouldn't have sold it otherwise. Keep going and God bless your heart even more.
Thank you, Ola. Yeah, I will do my best to recover it soon using my other investments. The important for me now is I am finally living in my own world. Hehe
Yaaaaaay. ππ₯°π€π€π€ You can do this. I believe. Congratulations.
OMG anlaki. Pero sabagay ate, kayang kaya nyo naman pong ipunin mga nispent nyo π kayo paba? Magagaling po kayo sa crypto stuffs. Tsaka, Ayaw ko din pakastress sa mga problema kung ako din nasa situation mo, I will do the same. Hirap din kasi magpredict kung kelan paba tataas si BCH.
Kaya nga e. Di rin kaya na mag antay pa ako. Siguro next time, ang gagawin ko 50% BCH tas 50% USDT pang emergency. Lalo na ngayon, na try ko na ang P2P.
Ah don't worry, a real house beats potential profits online!
Hehe. True. At least, I am enjoying my most valuable investment now, my house.
It's all worth it sis because that house is a great achievement and if someone wants to achieve he or she must sacrifice something and that's what you are doing right now Am happy for you
Thank you, sis. And yeah, sometimes we need to make sacrifices to find a better solution for anything. At least now, I'm enjoying my best investment ever, my house.
Yeah
House tour na yarn..hehe..dibale sis makakaipon ka naman ulit for sure..sa sipag mong yan..
Sisipagan ulit dahil wala na akong ma cash out. Hehe. Soon, sis.
Hehe..sana tumaas ulit ang presyuhan...matagal nang duguan e
Expenses that pay off are always the right decision. A beautiful capital created for the home. It would be great if the luck in the markets was on your side, but you can make up for it.
Yeah, it's not the end of the world yet so I believe I can make up with the amount I spent. At least, no more stress for me.
Bitcoin Cash makes dreams come true and your testimony is a huge one for everyone. House is an investment and there is shouldn't regret in having a landed property. This is huge, I see a mansion coming your way soon.
My tiny mansion. It's not fully done yet but I'm already happy with the outcome.
Whatβs our money worth if we canβt enjoy it? Youβve made the right choice. I was also hesitant to sell my BCH at this low price, but in the end I decided to bridge it to Matic and get a Pega. What the heck, at least I have fun watching it on the podium with 100% vis for me π Congratulations on completing your house!
Congrats to your Pega, sis. I just hope VIS will reach $0.20 again so we can enjoy more. And yeah, why wait for the pump when you can reinvest it. With your 100% profit, you can ROI in 1 month.
Proud of you sis ,blessings for your new house I know uour parents do Proud of uou God bless you more
Thank you. I hope I made them proud.
Yes ,sure yon sis
Wow, congratulations dear friend, of course, it's a good decision, you can still have it for the future, but the happy hearts of living in your roof is worth all the sacrifices, sana all nalang ako sayo talaga.
True, as long as I live, I know makaka earn pa rin ako. Besides, me investments pa naman ako so hindi talaga ako 0. At least now, nasa own house na ako. Saya sa feeling.
It's good you made the sacrifice to spend your BCH so you would be able to finish up with your project and move in,congrats on completing your house.
It's not a loss ate, its the return of your investment. You deserve it, and it will always be one of the greatest choice you ever made. Congrats ate! You know how much I adore you. God will shower you with more blessings. Let's claim it. Loveyou ate Mj ππ
For me it's not that you loss as the reason why you sold your BCH was so worth it!
You needed for a good cause, so understood. I know it must have been really for you to decide
Hindi siya loss at kasi you spend naman sa essential at para makalipat kayo ng maaga. Ate hindi ba malaki ang transaction fees?
Congrats MJ. Worth it lahat Kasi makakatira na kayo sa inyong bch house π
It's meant to spend naman and you're saving talaga for that goals of yours so Congratulations. Waiting kami sa look ng new house mo soon yiehhh. Ako kaya when makakapag simula. Pero kasi wala pa kaminh lupa so not sure din san papatayo ng bahay. Epro soon sana matupad ko. Pero ano, tataas na daw si BCH bukas hanggang 500 π hahaha chorrrr lang. Pero ganyan kasi market no. Ung nag sell ka tapos biglang tataas ang price aigoii. Pero for now ang baba na naman no BCH hahaha. Teka ang dami ko nh daldal π₯΄π€£π€£
No dear, I support you. You are doing it for your dream, for your house. Selling your saved assets at this moment is really tough decision but all you have done for a beautiful reason. Stay blessed dear.
It's all worth it sis. Ang pera kikitain mo ulit yan. At keast now you have a home of your own and be proud because you have done it all with perseverabce and diligence. Congrats!
The idea to holding bch for more time, would have delay the constructions of your house, so you did the right thing, and I am sure your mom would be proud of you.
Yehey congrats, BCH is BCH regardless of it's price.. when we need money it doesn't matter if it's up or down ang importante may mapagkukunan tayo
Congrats po, I think it is not a crazy idea or move because you allotted it for your dream house. It might look like you lose when the BCH starts to rise again but I think it worth of a little scarifies because we can't predict when will BCH will rise up to thousand of dollars again. I know you can earn it back in no time just continue your hard work.
Woowww, that's amazing ate Mj. I can't wait to see your own built home soon. ππ
Yiee, happy for you. You have a remembrance with your BCH.
Nakaka lungkot man isipin dahil sa patuloy na pagbaba ng value nito, iwaksi mo nalang iyang isipin na iyan at maging happy ka dahil sa nagkaroon ka ng priceless na value dahil diyan nagkaroon ka ng bahay. Im happy for you sis. Dapat mo iyan ipag pasalamat sa mahal na diyos.
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