How do I Increase My Bitcoin Cash Holdings?

I have been holding my Bitcoin Cash earnings from read.cash since the first day I got into this platform, or since September 06, 2020, to be exact.

Almost all of the Bitcoin Cash I have was earned through writing articles on read.cash and making posts on noise.cash. But there were also some ways where I accumulated a small portion of the BCH I'm currently holding, which I will share in this article.

In an article I published last month, titled "7 Bitcoin Cash achieved!", I only mentioned that almost all of it was earned because of read.cash and noise.cash, or every time I achieve a specific amount of Bitcoin Cash, I only mention these 2 sites. But this time, let me talk about the strategies on how I've grown my BCH into this number.

1. Lazyfox.io

I registered on lazyfox.io before, about 7 months ago, because of the influence of other read.cash and noise.cash users who had been posting their earnings from this site. To those who do not know, lazyfox.io is also a website where you get paid with Bitcoin Cash just by doing the simple tasks that are posted on the site.

There is only a limited number of users who can do the tasks and you need to send an application for it. Once you get accepted, you have to do the task right away before the time is up. Once your solution is accepted for the task, you will then receive your Bitcoin Cash payment.

I received a total of 19 payouts for the tasks I've done which made me earn a total of 0.03324 Bitcoin Cash. When I stopped searching for tasks there, this BCH was added to my main hold wallet, so this added up to my 7 Bitcoin Cash.

2. Lending my BCH to Celcius

Some months ago, I published an article, "Taking Advantage of My Idle Crypto- Bitcoin Cash!" where I shared that I lent my BCH earnings to this lending platform. I was able to receive weekly interest from the platform. It wasn't that big, it was just a few cents, but it still added up to my Bitcoin Cash holdings.

I lent my Bitcoin Cash on Celcius for a couple of months, but me being too paranoid when the time I couldn't open the app, I decided to withdraw my BCH and sent it to my bitcoin.com wallet. If I remember it right, I was able to earn about 0.0025 BCH from it, which is also added up to my long-term hold wallet.

3. Staking/Lending BCH to Nexo

Nexo is just like Celcius where you can lend your Bitcoin Cash and earn interest from it just by holding it on the platform. I remember I was sending my noise.cash earnings on my Nexo every day, so I get to take advantage of it. What I loved about Nexo is you receive your interest on a daily basis, unlike in Celcius which is weekly. I also earned some cents on Nexo before. When the same problem arise where I couldn't log in on the app, I decided to withdraw all of my BCH and just hold them on my bitcoin.com wallet.

These were what I did before to increase my BCH holdings, now let's go to what I'm currently doing to get more BCH.

1. Trading Bitcoin Cash on Binance

We all know that the price of Bitcoin Cash is very volatile, it changes from time to time. Sometimes, it's green, sometimes, it's red. So to take advantage of this volatility, I am trading a small portion of my Bitcoin Cash on Binance, which is the biggest crypto exchange. If you don't have a Binance account yet, you can sign-up here. Hihi 🤭🤣

I only trade BCH whenever I feel like it. There is a simple rule in trading, "Buy Low, Sell High". Sometimes, I do the other way around, especially when the market was on a downtrend. So instead of selling high, I sell it low, but I make sure to buy back at a lower price.

2. Trading some of my other Cryptos on Binance

Aside from Bitcoin Cash, I am also holding other coins, which I believe are also good for long-term holding, but there were some that I was only supposed to hold for the short-term. However, when the market crashed, I am left to holding them until they go back to the prices where I bought them.

Just like Bitcoin Cash, these crypto coins' prices are volatile. So I take advantage of it by trading them on Binance. As always, just "Buy Low, Sell High." Whenever I make a good profit from trading these coins, I use my profit to buy Bitcoin Cash, instead of the same coins I'm trading. I want to grow my BCH bag so I'm using my profit to buy BCH.

3. Staking Cake on Pancakeswap

Aside from Bitcoin Cash, almost half of my portfolio is invested in Cake. In fact, the 4 Bitcoin Cash I have on Binance before were sold to buy Cake. So instead of holding more than 11 BCH now, I only have 7 BCH. I did this because I also believe that Cake will reach its all-time high again and since I somehow bought some of it at such a high price, I did DCA.

I'm taking advantage of my Cake holdings by staking it on the Pancakeswap pools. Since I don't plan to hold any of those coins I'm farming, I decided to sell them and use the earnings to buy back my Bitcoin Cash that I sold before, which is 4 BCH. As of this moment, I already bought 0.6BCH from my staking earnings in Pancakeswap.

These are only some of the ways I did and currently doing to grow my BCH bag. There are also other opportunities out there to grow your own holdings, just look for them and you will find them. You can also check @Jane's article, "Ways You Can Do To Grow Your Bitcoin Cash!"

Cheers to growing our Bitcoin Cash! 💚