I Just Realized I Have Already Achieved One BCH!

May 5

I have been earning Bitcoin Cash from read.cash and noise.cash for more than a year now.  I know that I can earn at least 0.3 BCH a month. However, I use my earnings to pay my phone bills and other basic needs. My BCH earnings comprise one-half of my monthly income that helped me to live by.

Image Source: Pixabay with modification

Hello, again my dear friends and fellow bitcoin cash lovers. For more than a year, I have been wanting to see the figure 1.0xxxx BCH in my wallet. However, since it was a pandemic, it was difficult for me to find another source of income. I was spending most of my BCH earnings. However, I know I have to FORCE myself to save some of my earnings.

Looking Back

Last September I decided to start saving some BCH. To do that, I created another BCH wallet using the Bitcoin app. In doing so, I now have a "savings" wallet and my "expense" wallet. My coins.ph wallet is for my monthly expenses and my bitcoin app wallet is my savings wallet.

My plan was to save at least 10% of my monthly BCH earnings. However, because of the fluctuating prices and I was measuring my earnings in fiat (USD), I had difficulty determining the "10%".  To solve this predicament, I decided to save my earnings from noise.cash and use my earnings in read.cash.

However, after the last changes in noise.cash, my earnings in noise.cash dropped from at least $40 a month to more or less $20 a month. So, it took me a while to save $100.

Last March, I decided to monitor my progress in terms of BCH instead of USD. (Think In Terms of BCH Not in Dollars).

Two Wallets

As I have mentioned, I am using two wallets. At least once a month, I send my earnings from noise.cash to my "savings" wallet which is on the bitcoin app.

Read: Why Am I Using Two Wallets For My BCH?

At the time of writing, I now have 0.48067365 BCH in my Bitcoin.com wallet. At the current rate, it's equivalent to $143.31.

I assigned coins.ph wallet as my "spending" wallet. I send my read.cash earnings to this wallet. Whenever needed, I use the content of this wallet for my expenses like paying my phone bills. If I ran out of cash from my monthly salary, this serves as my reserve.

1+ BCH Saved

Image Source: Pixabay

Since late March and the whole of April though, I had some unexpected projects. In April, I earned more than enough that I did not touch any of BCH wallets. Thus I now have 0.7412675 BCH

I don't open my wallets often. Add that, I still can't help to think of my earnings in terms of fiat money. That's why when I opened both of my wallets and checked my earnings in read.cash and noise.cash, I realized that I already have more than one BCH with all  my wallets combined.

The total BCH that I have is 1.22194115 BCH.

 Should I USe My "Spending" BCH

Tomorrow, I plan to buy a new tablet that comes with a keyboard and pen. It's worth about PHP18,000.00 $360. That's about 1.2 BCH at the current price of $298.32.

Image Source: Pixabay

If I use my "Spending" BCH which is 0.7412675, I will get about 11.644 in Philippine Peso, then add up some of my savings in my bank.

 Loan From My Savings Account.

Here is my other option though. I have mentioned in my article "Can this be Considered A Form of Harassment?" that I am no longer considering the services of a financing company. Instead, I will get a "loan" from my own savings account.

This means I will not touch any of my BCH wallets for now. Then gradually pay off my debt (to myself) with my earnings from May onwards. And perhaps, I will even add some interest. Hopefully, the price of BCH will continue to go up in the coming months.

Why use my fiat instead? Fiat money loses buying power over time. Though the prices of cryptocurrency are highly unpredictable, BCH could go higher than $300 anytime soon.

In Closing.

I'm grateful to all of you who kept on supporting me on this platform and in noise.cash. Especially my loyal sponsors. Without you, perhaps, Rusty won't be generous to me either.

I hope I can sustain my accomplishments in the coming months.  And I plan to use the tablet to earn more BCH and other cryptocurrencies.

 Thanks for reading