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Recently realized that big coins is not my thing for trading but changed my mind once again. Bought $300 worth BCH when the price value was $458. Now expecting to buy again when price will be down at $440 or below. Already experienced loss of $50 dollars in last trading session and ready to experience another loss, LOL! Crypto market looks cold and this can be good for buying and this is my personal opinion not a financial advice to anyone.
Why again I bought Bitcoin cash? Is there any specific reason behind this? Yes, definitely there is a reason. The reason would sound silly but still a reason for me to follow. Actually my desired coin was steem but these days I noticed that steem price showing five digits after the zero point. Let me make it more clear, suppose steem price is currently 5 cents and it showing 0.05000 in value and it made me feel scared because this could be sign of biggest dump of steem like the price could be lesser than one cent. That's why I decide to be stick with Bitcoin cash instead switching the coin to some other coins or tokens.
This could be my misconception but things that scary should be avoided. Good and reputed crypto coins already in the market so better I stick with Bitcoin cash and trade it wisely. Not sure how long time it will take me to recover $50 recent loss but it's a loss. 3x loss of my crypto asset value and recovering them could be a matter of time and patience. Working on it though market is cold at this moment. Bitcoin price above $70k is something that made many investors optimistic because Altcoins also can improve when Bitcoin is pumping.
It's hard to accept big loss but crypto market is not my property and not promising to follow my plans. Need to be more patience when trading a big coin like BCH. If this not working for me, that doesn't mean the coin is responsible, it means my plans are not working at this moment and it needs time and patience to work effectively.
Thanks For Stopping By!!