Just liquidated the $BP that arrived after unstaking. Sold a lot on the way up, but still made some profit. Quite emotional; it's the highest-gaining trade recently. Very satisfied, because making money from spot is really difficult.


I initially bought $BP because it was convenient for withdrawals. At that time, I had just gotten a Hong Kong bank card to buy US stocks. Withdrawing USDC to the Hong Kong card directly credited USD with no fees. Then, after discussing with friends, we felt the market cap was very low, so I started buying.
Bought some in batches around 0.14, then staked some. Experienced a few withdrawals; it was indeed very smooth,, later, the project team did something unprofessional and dumped it to 0.12U. I planned to add more at 0.1U, but it didn't reach that level. Since the withdrawal experience was good, I left it alone; I had planned to hold it long-term anyway.
Unexpectedly, within a few days, the project team started pushing it onto US stocks, and KOLs were also shilling it in the market. It pumped; quite surprising. The pump was strong, so I started selling a bit, selling as it rose, and sold all the unstaked ones around 0.45U.
At this time, many KOLs were shilling on X (Twitter). Following the principle of "run when the crowd is loudest," I did a few swings during the period, but eventually ended up losing the position.
Then I unlocked the tens of thousands of BP that were staked. They arrived today and I also liquidated them. Previously, I staked them for the convenience of withdrawals and the promise of an IPO later.
Currently, I have no need to withdraw. I'll pass on the IPO promise and take the current profits first. Right now, cash is king. I've cleared all positions, hold U for savings, and only have a small position in the stock market. I'm waiting for a decent crash to deploy my capital again.
The market is tough, but there's no need to be too desperate. After all, there are so many things to play with now; if the east doesn't shine, the west will. Do more research, stay respectful of the market, and wait for a major cycle that belongs to us.
Brothers! Let's encourage each other!
USDC0.02%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments