@Just1dood 12 August 2021 edited

BCH: Downs & Ups. Good or bad for a Read.Cash writer?

**August 2021, Somewhere in the Metaverse - UplandDood (@Just1Dood)** I am not good at writing anything serious. But this has been on my mind so I'll attempt it. I may end up rambling uncontrollably like a mad man driving a car without brakes. Let's hope this will not end up being a disaster. Disclaimer: This is not financial advice. Do your own research. This is purely my opinion. Know your color There are two colors that we are all too familiar with. One gives the calming, euphoric effect of nature's green. The other inflict the torment of high blood pressure inducing fiery red. Despite these two extreme contrast, each color can offer either delight or despair. What am I talking about? I am referring to the color we see in the crypto trading market. Green means a beautiful evergreen mountain. A period of euphoria. Red means a drop into the pit of a volcano. A period of dysphoria. During the run of either color, we can choose to look at the positive. It is a choice. Euphoric Green I'm sure all who are highly engaged in this noise.cash or read.cash platform would keep a close track of the ups and downs of their BCH value. At the time of writing, the BCH value has breached $600. If it stays, then this will likely be a support for a further upward climb. Let's **assume** for a moment that the top of this mountain in the foreseeable future is maintained at **$800**. We'll come back to this figure later. As a writer here and an active member at noise.cash; is this good for me? For us? Dysphoric Red As recent as less than a month ago, the sight was quite different. The chart was bloody red everywhere. This would have been very bad for those who do not have holding power and must liquidate. Big loses. At one point, the BCH price went as low as close to $383. This has been the recent bottom support. Let's **assume** this time that if it ever goes down, the bottom of this pit is maintained at around **$400**. Again, we'll come back to this later. Once again, I'll ask the same question - is this good for us as writers? 1 BCH Let's examine the above questions - good or bad when it's up and when it's down. If you have been here longer than a month, you'd have noticed that most writers have set monthly goals and these monthly goals lead up to a larger goal. Many writers, in fact, have set a goal of **achieving 1 BCH**. Many of these same writers have set their respective deadlines for achieving it. Now, let's assume that the set **timeline to achieve 1 BCH is 90 days (3 months)**. However, with a fluctuating market, this is a moving goal. You may end up having to re-evaluate your goal. I'll explain why. Please understand that the explanation is simplistic in nature to convey the main point. Goal: In a red period Assuming that when you started here, the market was in the red. The average price for **1 BCH was $400**. You have noticed that tips that are coming in on a daily basis are quite stable and it's at $5 per day in total. In order to calculate the number of days to reach your goal, you'd need to take the total price of 1 BCH (i.e. $400) and divide that by your daily $5 tips. Here's the calculation: $400/$5 = 80 days This is assuming that during the whole period concerned: 1 - the average **BCH price is $400** and, 2 - average **tip per day is $5**. Therefore, in **80 days you'd have achieved your goal of 1 BCH**! In a green period: Goal moved Let's say, halfway (**45 days - half of your 90-day initial timeline**) through your journey, BCH pumped and maintained at an average price of **$800**. Overnight (*though in real life an overnight change like this is too drastic. I did say it'll be a simplistic explanation used to show the main point*), the achievement timeline has changed. Your per BCH price has doubled from the originally set target of $400. If you want to still hit your target of 1 BCH, now valued at **$800**, within the original 80 days, you'll need to double your daily tips received. If doubling the tips is too much of an effort, then the other option would be to extend your timeline. In that case, in order to hit **1 BCH** based on the same average **$5 per day tip**s, you'll need a longer time. To calculate the new timeline, you'll need to take the new BCH price of $800 and divide it by the average daily $5 tip. **Here's the Calculation:** *Days to achieve: $800/$5 = 160 days* If starting afresh, i.e. from zero BCH, then you'll need a total of **160 days to reach 1 BCH** at the current value of $800. However, we did mention above that you have already started collecting BCH for 45 days, so to find out how many more days to achieve your 1 BCH with this new price, you'll need to find out the total amount you've achieved to date (i.e. 45 days) **Here's the Calculation:** *Total achieved to date from past 45 days: $5 * 45 days = $225* From the above, we can see that the first 45 days with $5 per day tips, you'd have made a total of $225. In order to find out the balance remaining to reach 1 BCH at a new price of $800, we deduct the $225 amount to find the balance we need to achieve. **Here's the Calculation:** *Balance to achieve: $800 - $225 = $575* *Days to achieve: $575/$5 = 115 days* The balance as we can see from the above calculation is $575. At a daily tip of $5 per day, to reach a total of $575 will take another 115 days. **Here's the Calculation:** *Days to achieve: $575/$5 = 115 days* It is clear now the goal has been moved when the BCH price increased from $400 to $800. Due to this, mow instead of being able to achieve your goal in **80 days** when the price was $400, you'll need an **additional 115 days** when the price changed to $800 after 45 days into your goal. Meaning, after the initial **45 days (achieving $225)**, you'll now need another **115 days (balance $575)** to reach your **1 BCH goal ($800)**, assuming all factors remained unchanged. Good or bad? That depends on where you're at and your plan. If you already have a few BCH in your wallet, then a price increase is a great thing. You can plan to increase the value further by exploring available options. If you are just starting, then your goal achievement has become harder. But the bright side of a green mountain is that whatever you get today will be worth more the next minute, the next hour, and the next day. Your $ value of acquired BCH increased faster although your actual BCH quantity goal may not. Final Thoughts Moving goalposts are part and parcel of life. We adjust to make the best of it. Regardless if it's up or down, we are being rewarded for building our personal brand, network, and for many, a chance to improve certain skills. The only cost to us? Our mind "sweat" and time spent. Though my goal post has been moved, personally, I still find this is an acceptable trade-off until something better and more lucrative comes along to replace it. At the moment, there is nothing that comes close and I'd be as bold as to say that, nothing may ever come close. I'd double-checked my logic and calculations. If you spot errors, do let me know. Thank you for reading, stay safe and see you in the next article. Enjoy the BCH pump! Edit: Paragraph added on 13 August 2021 I'm adding this additional paragraph after publishing this article yesterday. @Porwest has made a great point in his comment below and it is the reason why I'm adding this paragraph. Do read it in the comment section below. His comment has left a highly positive vibe in me and I'm all charged to go full steam ahead. IMHO, his comment is a fitting conclusion to this article. Thank you, Porwest!

**Sources:** Header Image: **Bermix Studio** https://unsplash.com/@bermixstudio

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