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Hodling Your Blogging Rewards - Why It's The Best Approach

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Written by   185
3 months ago

Altcoin Rewards

When blogging on platforms such as Publish0x and Read.cash, many choose to cash out their earnings the moment they secure custody of their newly earned coins. Blogging on multiple platforms will in most cases provide bloggers with multiple income streams. These platforms typically reward their users in altcoins. On Read.cash it is Bitcoin Cash, while on Publish0x rewards are currently in Ampleforth and Statera. I think that due to the earnings being in altcoins, users are afraid that holding on to their coins will ultimately bring about loss. However, one needs to look at the time frame involved. Holding your coins for six months, or even a year could realistically result in loss. On the other hand, locking away your altcoin rewards for a much longer period of say two to five years could bring about the complete opposite result!

It’s A Common Thread

When you take a look at those who manage to secure incredible gains in the Crypto space there always seems to be a similar story. Either, they got in early on a project, or they held a position over an extended period of time. Either way, it comes down to hodling! I know a lot of investors tend to get excited about doubling or tripling their initial investment. This would be impressive if they were in any other market. This however is Crypto and it is still in its infancy regardless of being a two trillion dollar market. I look at some of the tokens I earned blogging back in 2020 and the growth is incredible. I only wish I was able to hold on to all of them but at least I was able to retain some. If you can, holding onto your blogging earnings can actually become a significant amount of money over a two to three-year period.

My Personal Approach

I am currently holding onto my earnings from the Hive ecosystem. This is mostly HIVE and LEO. There is not only the incentive of price appreciation in the coming years but a present incentive in the form of HP. When I suggest “coming years” most are thinking in terms of months. This is why so few experience significant gains in Crypto. They do not appropriate the correct time horizon. They think that because prices appreciate so quickly they are able to generate a quick profit, which is true but also only half of the story.

In terms of Publish0x and the BCH-based platforms, I am holding back on a small percentage of my earnings. I am however selling all my AMPL earnings, as there is no chance of significant upside due to the rebase mechanics. Over the years on Publish0x I set aside some BAT and LRC, which have both increased significantly.

Final Thoughts

Blogging across multiple Crypto-based platforms is a great way to remain in touch with the market and continue accumulating Crypto without having to purchase it! You will be surprised how many people have built their Crypto foundation utilizing these opportunities and others. Constant yet modest accumulation has a way of producing unexpected results. I remember buying very small amounts of BTMX tokens in 2019 and 2020. BTMX was the token of BitMax which was later rebranded to AscendEX. I was purchasing in the range of $0.03 to $0.05 and was shocked to see this token hit $3.26 in 2021! The moral of the story is to not despise small allocations, especially when they are in the “right place”.

Thanks for stopping by and see you in the next edition!

Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

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Written by   185
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Comments

I first heard about lock ups on other coins. A friend refers me about it. Is there also lock ups on bch? How? I just first heard about bch in noisr.casj and secondly here in read.cash. I am one of those converting our bch into peso.

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3 months ago

Thanks for advices.

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3 months ago

What is your experience on the Hive blog? I have been looking into posting my content on there.

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3 months ago

Very good but it is rather difficult to get momentum... but you can earn the most there provided your content is good!

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3 months ago

I take out my bch at the moment, swap it to eth and stake that

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3 months ago

Yes, nice one! In essence, what I am ultimately saying is don't spend it. The only 2 I don't swap and now hold 100% are HIVE and LEO.

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3 months ago

The best I feel could be secure and rewarding is to take your earning off the blogging platform. Even read.cash advice not to leave more than $10 on the platform for now.

I also think it is good to convert some of your earnings to other alts or coins that you’re holding in case the value drops so you don't loss much

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3 months ago

Definitely hold it yourself and diversifying a bit is always good...

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3 months ago