Should we hold for life 100% of our BitcoinCash earnings? Version 2022
Newcomers and some people might get puzzled when we talk about what happened to our earnings? Some might get triggered when the price of BitcoinCash and all Altcoin becomes depressing. The things why some of our friends who were earning BitcoinCash become sad when the price is affected is that some people don’t know yet where they must go, or what they should do with their earnings. I will give you my reasons why I am still enjoying the DIP, not affected by the sudden price dump.
Comes with the idea that we were here to earn and learn. Both are fundamental in adopting BitcoinCash. If you're just here to earn, you could be subject to some kind of really sad one when the price becomes viral. The best thing to do is learn. Learn from your mistakes or even others experiences for the bad decision they had. That’s why they try to share their losses so they help others to become vigilant in investing.
Learning wasn’t just from other people but also from yourself. You learn from past experience, your valid history and some of the magic tricks you knew. You learned from your plans and those plans became your foundation to think fast so you won't be left behind.
The most important thing if you are a Newbie here is that, learn where you are gonna put your earnings. Most of us here had started from zero, or even what we called ‘zero investment’. Then some of the users grow their assets, and that makes sense because we were growing our BCH portfolio. Not just any crypto.
Start with the basics. Save your asset to your chosen wallet, Invest your asset to your chosen tradings, and enjoy your assets as much as possible.
That’s the triangle so you won't lose focus and even regret it at the end.
You should enjoy your earnings, I do that. I always reward myself for the things I do, I reward my family when I get big shots, I do enjoy my writing because I am enjoying my life with the help of Bitcoincash.
Things might be clear now as the price suddenly drops, then you might regret not enjoying the highest price. Well, not me because I always had the second backup plan. Thinking about how to manage my assets, grow my vault and learn from my mistakes.
If you will ask me if you should hold you're earning 100% for life? The answer is NO. You should use your earnings to grow more and to enjoy more.
Well, you had a problem financially like me, it's also not the best thing to withdraw your whole earnings here or noise platform. Learn to save and gets ready for the future wave coming. When you really need money to pay bills, buy food, your hobbies, you should make sure that you spent only 30-40% of your earnings here.
Higher than 50% is for emergency purposes or health-related ones. That is for thinking maturely, for the unexpected is always unpredictable.
While saving you should also learn to invest your money. The best thing to do is invest what you could afford to lose. I might be sounding something for the people who really have not undergone investing, but thinking the future is also needed for us to learn alternatives.
Tipping is random, and a normal thing that a good harvest today yet the next morning was a bad harvest. We all experienced that thing. So you need an alternative to still increase your assets in terms of investing. I must tell you that SmartBCH is Noob friendly. Users from noise.cash are now enjoying trading in SmartBCH, they are now holders of best tokens, NFT and even Gamings and lotteries.
I mentioned that I am enjoying life while writing. That’s making me more eager to write and pressuring myself for these things happening at the moment.
I always divide my earnings this January to 40% for myself and 60% for my vault. I don’t look at the price but instead in satoshi so whatever the price in my fiat I will be grateful that I had some cash to hold, help with my family's needs and buy what I wanted.
My vice was fulfilled and my mindset that 60% from earning was in my vault. I also want to expand this. So I decided that my earnings for this year won't just be held in my wallet, but to hold in a convenient way. My earnings will be wrapped by BCH to SmartBCH until the end of the year.
I created a new wallet account so my earning in writing will be there and if there will be a chance where some of the trusted tokens reach a super DIP I should invest some, but I always remembered that that was my writing journey, not my trading wallet haha. So I should buy what I could afford to lose.
That was my life, enjoying my writing and life. We don’t need to hold 100% of our earnings but reminds also remind ourselves that we also should not waste our 100% earnings.
Learn to save, invest and enjoy our earnings. So we won't be left behind, Thanks for reading...
My mistake when I started in noise is that I convert, all in haha so this year, I plan to hodl almost everything til I chanced upon this. Might try this 60-40 division so I can enjoy some of my earnings too while hodling some and investing some.