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It was in August 2021 when I first started investing in smartBCH. Although the beginning of this era was exciting and full of fun, its status now is currently disappointing. In fact, many small-time investors, such as myself, are in huge losses, and the road to ROI is still hard and impossible to reach.
I did, however, take a profit (or let's say secured capital) for a total of 2 BCH before, but the majority of my assets are still in bloody red. Even $AxieBCH, one of my favorite smartBCH tokens, is struggling too. Good thing I still have that one token that's still on the green side, and that's $GAME, a token created by the same creator of $AxieBCH. Nonetheless, its price keeps declining and that makes me feel very anxious.
In my 2 years of experience in cryptoverse, I learned that sometimes, holding on for too long isn't always a good decision. Sometimes, it's also best to let go. This is why I'm going to sell some of my PUNKs to secure my investment and temporarily exit smartBCH. The problem is that it's not easy to attract some buyers at this current rate, which is why I need a good strategy to be able to find possible buyers for my LawPunks NFT.
At the time of writing, the floor price for each PUNK is 1.6 BCH.So if I want to attract a buyer, I must lower my price for a little bit. So instead of selling them for 1.6 BCH each, I'm going to sell them for 1.5 BCH per NFT. I could even go lower to 1.3 BCH just to have them get sold. Besides, I only minted each for 0.01 BCH, so it's still a huge profit if I get to sell them at a slightly lower than the current floor price.
Call me weak or impatient, but I just want to sell my PUNKs and exit smartBCH temporarily. My only goal now is to recover my smartBCH investment while having some profits as well. If by any chance, all 3 get sold for 1.5 BCH each, then I could still earn 4.5 BCH. If that would be the case, then I'd be happy to wait for the pump for both $GAME and $AxieBCH or sell them too. Either way, capital is secured so there's nothing else to worry about.
Last night, as I was trying to explore blockng.money, then I found out that you could actually stake BCH to get $LAW. How cool is that, huh?! Yeah, yeah, I know I'm late for this news, and this could have been around for months but as always, it's better late than never.
So my plan is, once I get to sell 3 PUNKs, I will send the majority of my sBCH to my bitcoin.com wallet and leave some for staking. This way, even with just 2 PUNKs left, I could still generate some $LAW while just holding my sBCH.
After seeing the status of smartBCH, I feel like I should focus more on securing everything rather than thinking long-term. Besides, I've already learned from my mistakes before, so this time, I want to make better and wiser decisions by not holding on for too long.
So what do you think of this? Let me know your thoughts in the comment section. Feel free to speak your mind. I'm open to any suggestion or recommendation, whatsoever.