Less withdrawal but continue promoting BCH
We all know how the market looks like. The price of BCH has not yet recovered. Some of you know this and have enjoyed the all time high price of BCH before and comparing it now, it's really a huge, huge difference.
I have come across this article by Pantera wherein he gave recommendations for read.cash. (Read Two Suggestions In Support Of Bitcoin Cash and the Two Platforms). I came across that through the article of Eybyoung. You can read her article here.
Basically, the suggestion was to have have a withdrawal in steps meaning when you withdraw BCH from read, you don't get the whole amount right away. Only certain amounts will be withdrawn every step until the whole amount was completely withdrawn.
The second suggestion is to limit the amount of rewards given in a day in terms of BCH and not USD. As mentioned earlier, the value of BCH in terms of USD is down so it is understandable to limit the rewards given so as not to deplete the resources that quickly. USD1 in BCH before is not the same as it is now. The lower the value in USD, the more BCH in value. The higher the value in USD, the lesser BCH in value.
I do agree with these suggestions but I also understand that most of us here are for the money, meaning converting BCH to fiat. Some have even considered this their job. One can easily do blogging in the convenience of their homes and earn from it. I too benefits from it.
That's why while the best way is to hold BCH, there are those like us who just can't.
Thus, in terms of withdrawing your earnings here, what I would suggest is to withdraw your BCH in small amounts instead and not withdrawing all your earnings entirely. I wonder if this is a great idea though. What do you think? Maybe withdraw a certain amount every week then convert to fiat.
For those who can hold though, continue doing so.
Another suggestion to read is to maybe hold a certain amount in every wallet here in read that is not withdrawable. I don't know how effective that will be though. Or maybe set an amount in BCH that is withdrawable. While we are at that, set a limit also in the amount that one can withdraw in a day.
Also, let us help promote BCH in every way that we can. There are different ways now to do that especially online. Tweet articles or post your articles in your social media accounts.
Lastly, transact using BCH. This is not applicable to everyone especially since not all have cryptocurrency available in their area just like here in our city. Establishments here are not yet accepting crypto. You can suggest BCH though to online sellers to maybe consider doing business using BCH. For those who can transact using BCH, I suggest that you do so.
So what do you think? Do you agree with these suggestions? How about you? What would be your suggestions for read?
I haven't tried withdrawing my earnings yet. I don't know if I can use Coinsph wallet. I am planning to withdraw but I won't convert it to fiat until I reached 1 BCH.