How Many Bitcoin Cash To Retire!

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2 years ago

Prices of some of the top cryptocurrencies dropped remarkably recently, with Bitcoin Cash and a few more reaching close to their all-time lows.

Maybe the window of $100 closed, but still, at $130, Bitcoin Cash is a purchase that can exceed our expectations.

Experienced investors find rare opportunities in bear markets.

We all know how cryptocurrencies create terms for extreme returns and how the tides change.

The upside potential is vast, but we also have to remind ourselves Bitcoin Cash was severely shorted and sold massively at the peak of the previous bull run.

It is wise for readers to formulate their trading or investing strategies not based on a single article, social media, or subreddits.

We have difficulties evaluating a fair price for Bitcoin Cash, although we can be confident the more users, the better the outcome.

Yet, if we plan appropriately, we find this opportunity to retire on BCH without having to sell for fiat!

Why Bitcoin Cash?

(Twitter)

Bitcoin Cash is not just an investment but a powerful financial force carrying the revolutionary ideals cypherpunks expressed about digital money.

The permissionless nature of the decentralized blockchain produces money free from oppression and manipulation of Central Banks.

The instant speed and the low fees of transactions (less than a penny) make it a perfect candidate to compete in the global payments arena.

Its scarcity (21 million BCH maximum supply) challenges the status quo of inflationary fiat.

Bitcoin Cash is the dream of P2P Electronic Cash coming true, and as Roger Ver suggests, when this revolution succeeds, it will be an amazing investment too.

All You Need is 60 BCH - Start Staking Green Sats!

Youtuber Lewis Jackson explains the Fibonacci extensions for Bitcoin Cash, which at the scale of 3.2 points to a $15,000 price.

That's more than 100x for Bitcoin Cash, and while we should always be skeptical with Fibonacci Extensions results, the price of Bitcoin Cash outperformed in 2021 and did more than 20x (from $78 up to $1700).

The bear market is an opportunity for anyone that didn't accumulate crypto already.

Prices are rapidly dropping, and while investors in crypto suffer (me included), we can use this opportunity to increase our investment at a decent entry point.

Why 60BCH?

For most people, a million dollars means early retirement.

At the price of $16700, that's what you get (60BCH x $16,700= $1,002,000)

With inflation devouring our wealth, selling our Bitcoin Cash even when the price reaches the 3.2 fib-level is probably out of the question.

The price of $15,000 for BCH will mean success for Bitcoin Cash.

It will also mean BCH is adopted widely in most of our cities, and businesses will accept it graciously.

Thus, we can retire on BCH without the need for fiat money.

Until $15,000, spend and replace, always increasing the BCH in our possession.

$130 BCH is a perfect entry point.

The price target of $16,700 may seem unreasonable to many, but not to experienced crypto investors. Haven't you seen it all before? There are valid odds that Bitcoin Cash can reach there.

$7,700 is the investment demanded at the current price to buy 60BCH.

$7,700 or 7,700€ since the dollar flipped the euro.

Some Bitcoin Cash fans may consider this amount not affordable but there are honest ways to reach close. Plenty of read.cash users achieved 10BCH last year without investing anything else but their free time and skills.

Many Bitcoin Cash users from developing economies hold about 10BCH and some even more as they see it as a way out of an unsustainable fiat currency.

You can work for Bitcoin Cash and earn it. BCH will soon be accepted almost everywhere, so we can use it without having to sell and transfer it to a bank.

In Conclusion

(bitcoin.com)

Adoption is the key factor for Bitcoin Cash in increasing its network effect.

The user base keeps increasing.

There are so many crypto fans in Bitcoin Cash active right now that in my five years in crypto, I’ve never seen in any community (during the bear market) besides perhaps Ethereum.

We examined the effect of platforms like read.cash and noise.cash in a previous article and how the userbase of Bitcoin Cash rapidly increased:

Moreover, acceptance of Bitcoin Cash by merchants in physical stores is rising remarkably in specific locations (Venezuela, Caribbean) creating infrastructure that will accommodate current and future Bitcoin Cash users. 

A balanced adoption race with users and merchants adopting Bitcoin Cash can be decisive and automate the rest of the process.

The physical and e-commerce purchases will enhance the average transaction value as Bitcoin Cash gets accepted.

Focused on research and development, Bitcoin Cash moves onwards, adding small steps leading to vast leaps forward for the network.

Posting on:
● read.cash ● noise.cash  ● Medium ● Hive ● Steemit  ●Vocal 
● Minds ● Publish0x ● Twitter 

Also Read:

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2 years ago

Comments

Great time to stuff our bags with BCH now. I’m buying some instead of paying contributions to a ‘pension pot’ from my wages 😁

$ 0.05
2 years ago

Interesting point of view to say the least. 60 BCH at $15K each sounds great. However, at the current rate I am earning BCH, I'd be happy if I will be able to save 5 BCH by the end of the year. I have to balance my time between creating content for readcash and noisecash and my part-time job. Hopefully, if my fiat earning is more than enough, then I will be able save most, if not all, of my BCH earnings.

If I can save only 5 BCH per year, then I need at least 12 years to reach that amount. then again, as the price goes up, the amount BCH we earn drops.

Therefore, I need to come up with a more effictive strategy to earn more BCH. Read.cash and Noise.cash are great platforms to start with, However, these platforms were not created to make the members rich. I need to find ways to earn more BCH both actively and passively... Now it's time to draw up a plan on how to achieve this.

$ 0.10
2 years ago

Your article is so much informative for the Newbie like me. It proves that you work a lot before Writing article.

$ 0.00
2 years ago

Hello, my friend

I enjoy reading your articles since I always find very useful data and arguments.

I want to ask you a question without meaning to be nosy, at what age do you plan to retire?

You don't have to answer me.

You know, I am at an early age for retirement. Almost approaching sixty. And I understand the purpose of your article. who doesn't want to be comfortable and financially protected in old age?

But I have discovered something interesting. Life goes by faster than we think and the idea of golden retirement is just a ploy to get rid of one.

I remember the song by the Spanish singer Julio Iglesia that says that one goes through the world in vain things forgetting to live.

So, if one is to work towards achieving the 60 BCH, at least, make sure not to forget to live.

By the way, valuable men never retire. They only change jobs until they become entrepreneurs.

I see you among them. Keep on working!

Greetings.

$ 0.11
2 years ago

Great advice as always, friend. I always appreciate your input.

$ 0.00
2 years ago

I have quit reddit some time back so no way I am getting bad advice from there anymore. It seems the current downturn has put the own "Theory of Burgernomics" for a tailspin, hopefully in the long run it works out. $15,000 per BCH is a golden standard that even Marc De Mesels seems to adhere to, and I hope it does come true then I'll have $15,000, lol.

$ 0.10
2 years ago

I back this number by success in adoption. When Bitcoin Cash becomes widely used and accepted, it will reach there.

$ 0.01
2 years ago

Oh yes, I believe in BCH potential just don't want to make a price prediction but will hold my BCH and will only spend it directly as it meant to be

$ 0.05
2 years ago

Truly thankful for your article which helps me see and learn from wider perspective. I don't have much to tip from here, although I wish I can tip more. Haven't been active at read.cash due to responsibility at real world. Only $1.60 in my wallet here. Haha. Your article is so good. It helps people to see the future of BCH and what it can done to us and our retirement. Thank you.

$ 0.00
2 years ago

There's are lot for me to do before I earn the 60BCH never made it to 1 so far 😅

$ 0.00
2 years ago

You could buy 1, it's just $130

$ 0.00
2 years ago

But that's still a big money in our country 😅

$ 0.00
2 years ago

Hopefully we will see thing's happening for real in the near future.

Still a long, long way to Go for 60 BCH maybe it won't take that long If SmartBCH really out perform in the coming months.

For now stuck in Loses and just Holding as it is.

I see lot of future millionaire here on Read cash or in BCH community!!! Glad to be a part of this Revolution.

$ 0.00
2 years ago

If I can convince a few local groceries shop to accept BCH, and most of my students to engage in BCH transactions, I hope to live on BCH for food sooner or later.

$ 0.00
2 years ago

Last year was, indeed, a great for many of us here. With consistency and hard work, many of us have reached our goals and some even surpassed their expectations, including myself. This year, despite the market crash, it will be more reason to keep writing and earn BCH. So hopefully, it will help us increase our portfolio before this year ends.

$ 0.00
2 years ago

You mean BCH will reach $15,000 to be more precise $16,700.... Maybe and I hope it reaches there. To be honest, reaching 60BCH, for me, it will take decades or may be my whole life.... because in a month time I reached around 0.4 BCH.... But it is the hope that keeps us alive so I will hope I reach there in a few years. Anyways, it was really very informative and interesting article. Thank you so much my dear friend

$ 0.05
2 years ago

0.4BCH is not bad considering you only recently signed up at read.cash. Rewards are lower lately, but I would expect the rewards to rise again as BCH price increases.

$ 0.00
2 years ago

Last month I earned 7 BAT, which I converted to BCH (~0.0218), because I love BCH and prepare over other cryptocurrencies (to be honest I know only a few)

$ 0.00
2 years ago

Actually the Rusty has been acting so weird for the last two or two and a half weeks. He is not visiting me as usual but once in three days. Moreover, FT in NoiseCash has been also taken from me without any reason, though I have not been abusing it and was following rules. I wish I could have one third of earnings like you seniors....

$ 0.00
2 years ago

You are still new with time you will achieve better.

$ 0.00
2 years ago

I hope so, with the help and guidance of seniors like you, @bmjc98 and Jan and a few others. I have been guided and supported by bmjc98 so very much, on read.cash and noise.cash.

$ 0.02
2 years ago

I am at about 20% of I would calculate the ones locked on Celsius. Without those I am not even at 10%. Long journey ahead!

$ 0.10
2 years ago

60 BCH formula is perfect for retirement fund to have one million dollars for rest of life. The predicted price of $16700 looking massive but quite possible to reach. It means the lumsum of $7700 will work as premium of our insurance.

$ 0.05
2 years ago

Then I need more years to collect BCH. Not even halfway to 60 🤣.. If I didn't lose some on SmartBCH. Should be more than half now 😥

$ 0.05
2 years ago

Getting close, though! Sadly I've also lost a lot with everything that happened. It is a minor setback imo.

$ 0.00
2 years ago