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read.cash is a platform where you could earn money (total earned by users so far: $ 543,401.25).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
The record shows that the first time I joined the cryptocurrency world was on December 20, 2017. I bought worth Php 1,500 of Bitcoin. And the next day, I got some extra cash and bought another Php 1,000 worth of Bitcoin. The price was close to the All-Time High (ATH) during that time (around $18,000). The noise at the time was it will continue to rise up to $30,000. I joined out of fear of missing out (FOMO) the chance.
Then boom! The price started to drop a few days after! Some of my friends who also have just started buying Bitcoins started selling. I did not. I left my money to sit in my wallet. Still hoping that the price will bounce back, I kept looking at the price until February of 2018. I think the price settled at around $11,000 at the time. I stopped looking at the price and considered my investment as a total loss.
I did not open my coins.ph app for about two years after that.
That was the start of my short journey to the cryptocurrency world. and I thought that was the end of it also.
Today: September 10, 2021
Hello, dear readers! This is John once again. In this post, I will share with you my experience in returning to the cryptocurrency world and continued my journey. And how timely it was because I was looking for ways to augment my source of income during the time of the prolonged crisis.
I had little knowledge about Bitcoin and cryptocurrency. From what I understood at the time, Bitcoin started as a secure payment protocol or something. Instead of sending FIAT money over the internet through a payment platform like PayPal (but without the third party), you buy a token and send that token instead. But since a lot of users started buying and holding the tokens, the prices skyrocketed.
However, it did not seem to have captured my interest, even when the prices started to rise. Some people I knew started buying new computers for mining purposes. Still, I ignored a potential source of high income. At the time I was focusing on my small investment in the stock market.
Then a group of people started a "multi-level networking" using bitcoin as the product. To me, it was more of a pyramiding scheme. I will share more about this group next time. That was sometime between 2011-2017. I also had a few friends who tried to "recruit" me into joining the network using different alt-coins including the fraudulent OneCoin. I'm glad that I did join any of them.
Then a friend of mine started talking about bitcoin in 2017. Let's say, I was following his lead since he made at least a million (Philippine) Pesos from his stock market investments. Then I did my first, but a short journey to the cryptocurrency world.
Though I did not touch my coinsph app since February of 2018, my interest in cryptocurrency did not die. I read some articles and some "free" ways to earn cryptocurrency. Then I found Freebitcoin faucet. I started earning a few satoshis a day. But I got hooked on their Hi-Lo game. I kept on winning at first, but one day, I lost more than half of my earnings. In frustration, I stopped visiting the site for a while.
When the pandemic hit, I temporarily lost my source income. I was teaching only part-time. So, no school, no salary for me. I can't also get new clients for my freelancing job as an IT consultant. My savings was slowly draining. I need some cash for my Internet connection. I remembered that I had some money in my coins.ph wallet. I slowly used some amount to buy pre-paid load for my Internet, but I made sure I would leave at least Php 1,000 worth of BTC.
Then, in December 2020, I read about Read.cash in an article in another content-sharing social platform Tsu. If I remember it right, it was written by @Bloghound. But I'm not sure if I used her referral link in joining because I did not join right away. And this is my second account. I forgot where I saved the seed phrase of my first account. (Sorry @bloghound). That's when I also encountered BCH again. From what I knew, BCH was the reason why the BTC dropped in 2017. I'm not sure if it was true or not.
It was already nine months since the community quarantine started, and I had no job. Then again, I did not start writing here until February of 2021.
But at the time I joined read.cash and heard about BCH again, I got interested again and opened my coins.ph. I was excited to see that the Php 1,000 worth of BTC that I left had become Php 3,000 worth. And seeing that the coins.ph app now has Ethereum, BCH, and XRP. I sold some of my BTC and bought a bit of each alt-coin.
Then I joined and started earning BCH from noise.cash and became active as well here in read.cash. I wasn't monitoring my earnings at the time. What matter was, I was earning cryptocurrency at a time when I had no stable source of income.
I also joined Publish0x, so I can earn Ethereum as well. And once I get my bearings up, I plan to go and try earning other cryptos also. As I continue to earn BCH, from read.cash and noise.cash, I continue to learn more about cryptocurrency and other ways to earn them.
At this point, I will take this space to say my gratitude to authors who have been considering newbies to cryptocurrency in their articles. There are several good authors here when it comes to cryptocurrency. But some authors consider the newbies when they wrote their articles about cryptocurrency. And I would like to name a few. These are @CryptoMax, @Pantera, @scottcbusiness, and lately @MoreGainStrategies, these authors have always tried to simplify a rather complicated subject in their articles. @jane and other writers who continuously share their achievements in earning cryptocurrency and how they did it.
I am still a newbie in cryptocurrency, and my journey had just barely started. One of my goals, aside from earning, is to spread awareness of BCH here in our city. I'm not sure if how many are already into BCH here. But I know that Bitcoin in general has a negative impact here to many people because of what happened in the past. I will share that story next time.