Greeting read.cash! Hope you all are enjoying your lockdown days by meeting a lot of people online
I'm back with another interesting topic after being fully ignored by the randomrewarder.
I'm a noob cryptocurrency hodler and don't know munch about crypto. Today I will share my experience of holding other cryptocurrencies and Bitcoin cash.
Experience is a knowledge or skills we gain after working on particular things
Experience with dogecoin
After joining noise.cash I came to know about different websites tipestry. Where we have to make post with hashtags and we will earn dogecoin in return. It's not difficult to earn dogecoin if you have a large number of following and you take part in events
But the purpose of writing this article is to share my experience with you.
1 month back I start working on tipestry just because of its high price and constant pumping of dogecoin it took 3 weeks to earn 100 dogecoin from the website when I take withdraw they send dogecoin after 2 days. My only purpose of working is making money to fulfill my needs because I don't wanna use my Bitcoin cash.
But when I swap my dogecoin to dollar I was shocked. The fee for exchange is to high I pay 5$ to exchange my 30 dogecoin in to fiat. Means in pkr I approximately pay 700 rs for a single small transaction
If we compare it with Bitcoin cash we don't have to pay high fees as shown in given screenshot
As you can I have to pay 0.03$ (less than a half dollar) for the transaction this is main reason why I stop focusing on dogecoin
And swap all if my 100 dogecoin into Bitcoin cash
I also suggest you if you have dogecoin hurry up swap them and invest in Bitcoin cash
Experience with BTC
I'm from Pakistan and here people only know about known cryptocurrency (Bitcoin: BTC) because of waqar zaka. Because he is the man who is doing work to make crypto legal on our country that's why when I join noise.cash I think I'm earning BTC but one of friend guide me about it so I change my Bitcoin cash into BTC through my Payeer account. Because I think only BTC have potential to grow fast but after sometime when I need money I decide to change my BTC into fiat. And I need urgent money. But when I swap them in dollar it took 1 day for confirmation I don't know why may be because of confirmations issue it maybe I didn't receive BTC on time and also the fee is very high. So I decide to quit using BTC too. Also when I see the chart the price of BTC pump & dump and the loss is unbearable for me at this time. And I think this is my best decision to stop investing my time and money BTC because now BTC is continuously dumping from 60k$ to approximately 41k$
Experience with Bitcoin cash
Bitcoin cash is totally different from all other cryptocurrencies because it's easy to use and also it will never dump it's price for a long time. When I join this community the price of BCH is 400$ and now it's 1000+$ I know now a days price is low but I think it's a perfect time to buy Bitcoin cash because soon it will reach 500M$ according to a known crypto hodler prediction
Whenever I need money I swap my BCH into fiat just in 2 min. I don't need to wait for whole day for confirmations.
Bitcoin cash don't need any tweet for pump
It have capacity to grow alone and I think it's a best time to invest in Bitcoin cash.
Bitcoin cash work like a mini bank for me. Where I can save my money without paying any interest on it.
Closing Thoughts
Don't judge something by it's present situation.
I have a wonderful experience with Bitcoin cash. Do I advice you to invest in Bitcoin cash be a risk taker but only in things which have potential to give you a positive feedback. In short invest in Bitcoin Cash if you don't have money then spend some quality time on read.cash & noise.cash you will approximately earn 150$ monthly and I think if you hold them till the end of this year. Your 150$ in Bitcoin Cash will become 1500$
bitcoin cash works as describe in the white paper but even if Bitcoin BCH works that is not good enough if people don't accept it as payments, because of that reason I wrote the following article that I think may help adoption as long as people are willing to help adoption.
How to convince people to accept Bitcoin Cash as a payment method.
https://read.cash/@francis105d1/how-to-convince-people-to-accept-bitcoin-cash-as-a-payment-method-a456b4cc