Join 76,145 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 539,998.93).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Welcome Monday, the day for work is ringing like a full time activity bell. As usual, I write articles to share my experiences, is it experience in trading or in readcash?
Not the one I keep in pandora's box from my experience
For this time, I will invite you to think about the difference between keeping your money in the bank or storing your crypto. If you put your money in the bank, do you have the advantage of saving in the bank? You should consider storing cryptocurrencies instead of keeping money in a bank.
I've written about this storage and I will review it here. Like on Binance and Tokocrypto, you can lock crypto with different terms and different deposit rates. In addition, you can change cryptocurrencies and transfer them to a crypto-growing program.
The advantages of that process are worth considering as well.
If you buy a certain asset, then you save that asset for the long term. You can choose to add and continue to add to that asset every month. Then keep that asset until a certain time. Or, storage time for two or three months.
However, this option should be separated from trading assets.
How about me?
If I'm scared because the price of TKO it drops drastically. So I kept TKO for storage option for 7 days. If the TKO buy price does not reach the right point to sell. I will increase the storage period and receive the benefits of that storage.
For in Tokocrypto, you can receive a profit of 0.004 per day for storage for a week, or you can choose a profit of 0.005 per day if you save for one month.
The market is not always on our side, let alone we are new traders. When we feel we chose the wrong time to buy crypto. Then, the price of the cryptocurrency dropped so much that it almost drove you crazy.
You only have two choices, you use the method to hold on and hold back again. Or, you can redirect those assets to a storage program and you receive passive income.
How about me?
The first option is to read the charts and the potential of the market. I will hold the crypto by setting a limit order for the sale. Within a period of two to three days, if I can't hold on anymore, I move the asset to storage and wait for the time to withdraw the proceeds from the deposit and the interest on the deposit.
If you have the confidence to hold on for a day or two, hold on as long as you can. If you don't believe in your own predictions, you can keep those assets for the benefit of other programs.