The 1-2-3 Strategy to achieving my Bitcoin Cash goal

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Avatar for Kako
Written by
3 years ago

Once upon a time, I didn't know what cryptocurrency was. Now thanks to @Macronald I know better and got my first $10 in BCH from him as a 2020 Christmas present. The BCH gift piqued my interest, even more, I went on reading more about the crypto space for a better understanding of what I want to venture into. Now I am in. Welcome, Kako!

A few days in, I already have a crypto goal for the year, 2021. Here’s a handy little checklist of plans which I need to stick to able to achieve my goals.

Here is the strategy in a nutshell

  1. Earn more

  2. Buy Bitcoin Cash

  3. Hodl

Earn

To achieve my 1BCH goal in 2021 first step is to start earning BCH. Not just earning, I need multiple sources of earning BCH. The journey has started with registering on some platforms that offer the opportunity to earn cryptocurrency especially bitcoin cash.

read.cash. Of all the platforms I have joined on my quest to earning bitcoin cash, read.cash is the first and my favorite. I seem to spend more time on this platform more than others. My journey here just started, I don't expect to start earning just yet. What is required at the moment is consistency and perhaps some luck. Luck that the Ransome rewarder bot will start tipping me sooner than much later.

noise.cash. I joined noise.cash two days after registering on read.cash but I am yet to post anything. Now it makes me wonder why. I just have a lot going on now, with time, I will try to spread my time across the platforms I have recently joined. I will start making some noise soon.

publishOx. I have registered on Publish0x and applied to become an author. now I await a response from the team. I hope it will be a positive one. I saw @MorePVM post on earning more with little effort. It is a good idea which I have to key into to maximize my earning from an article. It's true Publish0X doesn't pay in BCH, the plan is to swap all tokens earning from the platform to bitcoin cash.

BCHjolly. Every cent counts. I heard about BCHjolly from @Macronald, I signed up and deposited $1. I have been able to earn some cents. I won't request for withdrawal till I earn above the $1 I invested, that's if the BCHjolly is active long enough. it's a risk I was willing to take with an amount I can afford to lose without breaking a sweat. I will leave it to mine for a month before requesting a withdrawal. hopefully, I will be able to earn more than my capital, then subsequent earnings will be profit.

Trading. I have heard about spot trading on Binance, but I'm to get into that. it seems I will need to capital to trade with. I also read about one on bitcoin.com where you swap to a stable token like Tether (USDT) when BCH price pumps and swap back to BCH when the price dips. When I have earned some Bitcoin cash, I will start with the latter, it seems easier than the former, then I will read more on Spot Trading on Binance to understand better.

Buy

I can't buy as much as I would love to but The teaching job here doesn't pay much - My salary is so little that I barely make savings. In Some months, the money was already spent before I even receive my pay. I will try to squeeze out whatever amount I can whenever I can to buy some Bitcoin cash.

Hodl

Hodling is similar to saving. If I earn and spend, I won't be able to achieve my Bitcoin cash goal. So there is a need to hodl about 90% of what I earn. Start hodling now!

The 1-2-3 strategy isn’t just about making 1BCH, it doesn't end there. It’s about having motivating plans to achieving my long-term crypto goal.

Thank you for reading. Suggestions are welcomed.

5
$ 6.58
$ 6.47 from @TheRandomRewarder
$ 0.10 from @tired_momma
$ 0.01 from @AA-Admiral
Avatar for Kako
Written by
3 years ago

Comments

Keep it up. You're doing well. You have your strategies, you have your goal, you will reach it soon!

$ 0.00
3 years ago