@JLoberiza 30 November 2021 edited more from that month

What Should I Consider To Maximize My BCH Earnings? `November 29 (Late Post)` On November 25, the BCH price rose above the $600 mark once again. I rarely watch or look at price predictions and I have no experience in data analysis, let alone price prediction. But out of need, I need to sell some of my BCH to pay for my dues. On November 26, I sold some of the BCH that I earned from read.cash. It was worth about PHP3,000. The price was about $621 per BCH. A few hours before the price started to drop and later plummeted to $545.75. I know I gained a bit. But in my mind, I was thinking I should have sold more before the price dropped.

**Hello, dearest readers and BCH lovers!** A number of times since I started my BCH journey early this year, I have regretted selling my BCH while the price was high. And buy some when it is slow. Don't get me wrong. I don't like the idea of day-to-day trading. The BCH I am holding right now is all earned from readcash and noisecash. Anyway, in this post, I will share with you some of the things to consider to maximize my BCH earnings. The other day, I posted the short version in noise.cash. https://noise.cash/post/l7n44g8n

https://noise.cash/post/l7n44g8n My Source of BCH earnings and Financial Status My BCH earnings come primarily from readcash and noisecash. Since my part-time teaching job started again last August, I have enough earnings for our day-to-day expenses. I used my BCH earnings to slowly pay my debts and bills. But I realized, I can't use all of my earnings for this purpose each month. I have to start saving. Initial Plan Since the start of November, I committed to set aside part of my earnings as my savings. Though I have set my goals on how much I wanted to earn from the two platforms, there is no guarantee I can reach them. So to simplify things. I decided to use my earnings from read.cash for my expenses and save my earnings from Noisecash. On November 15, I reached my target amount for the first half of the month. I was also close to reaching my goal in noise.cash, but it slowed down a bit on the third week. But I stuck to my plan. I am HODLing my earnings in Noise.cash But I need to do something with the BCH that I am HOLDing to make it grow. So, here are the things that I need to consider to make my BCH grow. Disclaimer *The content of this post is merely my opinion based on what I learned from various sources in the past. I also have some experience in stock market investing. I believe some of the lessons I learned from the stock market can be applied here. This is not financial advice. Note that I am addressing this to myself.* I Need To Trade Sometimes But Don't time the market. I need to trade from time to time. But I must not wait for the "perfect timing" because there is no such thing. Meaning... ❌ **Never buy on the UPtrend or high price**. Sometimes, we give in to the **fear of missing out** (FOMO) on the opportunity. That's what happened to me in 2017 when I first invested BTC around this time. Good thing it was a small amount ❌ **Never sell on the dip or low price**. Fear of losing so much more will simply cause you to lose some more.

❌ **Don't wait for the price to reach its peak** before selling. No one can tell how long the Bull can run. Meaning, we will never know when the price will drop. A lot of traders fall into the trap of waiting for the highest value to be attained before it starts to drop. This is because of **GREED**. ❌ **Don't wait for the price to reach its lowest** before buying. In contrast, don't wait for the lowest price before buying. ❌**Don't buy in one big transaction.** If ever I have some extra cash and plan to invest more in BCH, I should never buy in one big transaction. Let's say 30%-50% of what I have. This way, if the prices continue to go down. I could buy some more at a cheaper price. If the price goes up, at least I already have some. If the price increase is small, I could buy some more. I think this is what they call "Cost Averaging". ❌ **Don't sell in one big transaction.** Sometimes, I need to sell to protect my profit. But, just like buying, selling should be gradual. Why? If it continues to rise, I still have some BCH to sell. **INSTEAD** ✅ **Make a plan**, when to buy and when to sell. It's not actually "WHEN" or the time, but what I mean is, I must set a certain price or percentage when to sell and when to buy. Should I sell when I already earned 10%? 15%. Same thing as buying

✅ **Buy and Sell gradually.** Set a certain percentage of how much you will buy based on how much money you have set for investment. ✅**Follow your plan**. Stick to the plan when it works, if not; ✅ **Be ready to modify/improve** your plan. Not all plans work perfectly right away. So, I should be ready for any changes, shortcomings and modify my plan. ✅**Keep learning -** I need to keep learning about personal finance or financial management and apply what I learn. ✅ **Keep earning** - not just cryptocurrency, but also fiat money. This way I can save more cryptocurrency, particularly, BCH. ✅ **Invest in passive income vehicles**. This is what I need to learn ASAP. Final Thoughts I don't know for how long I can keep up writing. And who knows how long I can keep earning from these platforms. Thus. It is best that I could learn to grow my BCH independently and passively. For this week, I am going to spare at least a day to focus on this task. If you have any suggestions, I am open to them. Thanks for reading **Thanks for Reading** https://read.cash/@JLoberiza/should-i-try-out-wordpress-on-a-free-hosting-platform-again-0792b4e5#thanks-for-reading ****Check out my other content at:**** https://read.cash/@JLoberiza/the-life-of-teachers-under-the-new-normal-dad76234#check-out-my-other-content-at  **Read.Cash** https://read.cash/r/JLoberiza  **Publish0x.com** https://www.publish0x.com/?a=YRdG5RZyaD **Steemit.com** https://steemit.com/@artbytes26 **ForumCoin.Com** * https://forumcoin.com/index.php?r=2628  **Noise.cash** https://noise.cash/u/JLshub  **Twitter** https://read.cash/@JLoberiza/my-painful-ordeal-continued-5113f2db#bad-link All content is mine unless otherwise indicated