It has been almost a year since I joined ReadCash. My yearly results and report.

It has been almost a year since I joined ReadCash, and I started earning some tips for writing what I knew then and what I know now. It has been a long run, and I expect to continue to do so for the next year as well. I have forgotten many things and learned new tricks as well. And I would like to give you my financial results in USD and probably a reflection after realizing how much money I have made.

Let me be sincere with the money that I receive. I spent it all on many things that I sincerely can't recall to the exact cent. I spent my funds on experiments, stuff I wanted, and something that I can't remember but was essential to me at the time. Well, maybe not that important because I can't recall it. I made precisely $1498.11. I converted it into other currencies and, at times, into dollars to buy things that I needed at that time.

One of the things that I believe has impacted is investing some of those tips into buying Grammarly's yearly subscription. I purchased first with my credit card because at that time, a 50% discount was going around, and I received the offer in my email, and I decided to take it and pay off by exchanging some BCH using my local exchange. Unfortunately, I didn't make any peer-to-peer trade to get that deal, but never the less was a good decision because now my articles have improved at least a bit, and they have fewer errors.

The other thing I did was introduce some friends to SmartBCH, and for that, I exchanged it for around $250.00 without the need for any exchange. The trade was made by using the exchange rate as a reference, but the conversation was made only with the two parties involved. It means that in that transaction, I used Bitcoin as a peer-to-peer as it was meant to be used without the need of a third party, and I didn't use any centralized party.

And other funds were used to pay for transaction fees on the Bitcoin BTC network to open and close Lightning Network channels to write accurate information when writing. If you hold your channel long-term, the transaction to open and close pays for itself, but you need to use at least ten times your channel to send funds. LN works as long as you are willing to leave your channel open and you don't mind putting your LP liquidity just sitting there, and the longer you use such channel, the cheapest it becomes because it only pays off if you use a lot. To experiment with LN, I spent around $100 plus the channel liquidity.

After that, I decided to start playing with RSK and Sovryng, which is DeFi but on a Bitcoin Core BTC sidechain that is peg one to one and uses merge mining; it is equal to SmartBCH. The fees on that sidechain can be as expensive as 0.00025 for a transaction, depending on how complex the transaction is. If RSK becomes only 10% as popular as ETH, the transaction cost will increase 10x if not more, and RSK will become even more expensive than it is today. I learned a lot by utilizing my tips to pay for those fees, but now I am done learning and paying expenses. The cost of doing that was around $200.

Even when I have paid around $550 to do what I did, I don't regret it because, after all, the knowledge I gained could help me in the future to make better decisions when it comes to investing my money in the crypto world.

The current dump has to take my money for a spin, and I am losing a lot of money. If I am not wrong, I am losing over $5000.00, and since I converted all the BCH I held, it means all of my tips were spent as well. I plan to add BCH to my portfolio at some point, and I will try to manage my BCH better, especially the amounts I get from ReadCash and NoiseCash.

The only mistake I made was converting my BCH into SOV, but I can't change the past, only the future; in my successive year, I will try to keep at least what I earn from tips in the BCH ecosystem move it around. And if I invest is to improve my writing and probably my online life, I won't exchange outside BCH what I earn because I feel that swapping my BCH was the only thing that I don't feel like was the best decision.

Now I will spend my tips on buying tools that I may need, and I will exchange my tips for the SmartBCH ecosystem as well; that means this time around, I may exchange it for tokens, FlexUSD, or just plain Smart Bitcoin Cash, but I won't move the tips from the BCH family. I hope my experience has taught you something, and maybe you can learn from the miscalculated steps that I took in the past.

2022 the year that my tips will stay on the BCH network tokens and stablecoins. And to pay for stuff, I may need to improve my online presence.