@kli4d
Why my money in Read.Cash has reduced or lost?
Hello guys! Some of you are maybe wondering and asking why your earnings in your wallet are sometimes decreasing (and sometimes increasing). We should always remember that the mode of payment here in Read.Cash is Bitcoin cash (BCH). It's just represented by dollars so we can understand it easily. Like the other cryptocurrencies, **Bitcoin cash is unstable.** Every minute, hours, and even seconds, the value of each token changes. It is super volatile that no one can even predict it accurately. Let's use my account as a visual of how volatile this Bitcoin cash is.
**This is also the explanation my others thought that their earnings are lost**. Due to the sharp decline in the value of BCH, their limited money on their wallet are gone. For example, you have $.05 in your wallet. If there's a drastic decline in BCH, your money may turn to zero. No one is stealing your money. Unless someone can open your account. Right now, the price of the BCH is $285. This is kinda lower than usual. Usually BCH price range from $290-$300. But hey cheer up! 😊 As the BCH progresses, we can expect something good in the future. Just trust the process. You can monitor the price of different cryptocurrencies here. https://www.coindesk.com/price/bitcoin-cash I hope you enjoyed today's article :) Kindly like and share your insights down below. **To promote healthy discussion in the comment section, starting today, I will be upvoting the comments with sense and related to the article.** I want to praise this **community**, facilitated by **@Ashma** , for motivating and supporting the writers here at **Read.Cash**. This community is encouraging the writers to make quality content by sponsoring them. I am inviting all of you to join and take part in this helpful community. https://read.cash/c/get-sponsored-2a0b https://read.cash/@Ashma I also want to thanks my sponsors for believing in my works :)
49 comments
Well said!
Thank you ❤
Thanks for motivating us. I was little bit worried before. Now i have cleared all things.
I am glad that i am able to help you :))
Yes thanks ☺️
Ok dear. Thanks for sharing
Welcome. :) I'm happy to help you.
Really thank you so much dear💕
From the morning, I was facing also facing the same problem and I was little bit worried but now it's clear. Thanks alot for the clearing the things through a beautiful article 🙂
Always welcome :) I am happy to help you. You may ask other things regarded on this platform. I will try my best to help all of you :))
Thank you dear ❤️
Thank you so much for this article it’s really an informative and important for us... Some of our friend are new in here it's also so much informative for them now everyone are clear about this bch up down and wallet up down... Thanks again for sharing this ❤❤
Hey!!!.i know these points .and thankyou for letting us know .when i was new here ( though I'm still new here ) 😂😂 Just joined this platform from previously 6days may be or a week .. Well i got shocked by this for the first time when i saw this declining. And my heart was like Dhak dhak dhak.... 😂😂 I eventually went towards a person who had recommended me . He didn't make me satisfied enough. But i was like okay . let's observe. And as everyone knows that !!! This platform literally needs attention and struggle..so the newbie Always gets low points in the start ..I remember my first day earning was 68points.. Then after sometime ,i got @jihan , he made me crystal clear about these ups and downs . And after @jihan !! You are the second person who made my views perfect about it ... But sorry ;! I'm still having a query in my mind....not much relevant to this topic .. But somehow having link . So my query is... As you have already mentioned that we are having a base of Crypto currency on read.cash We are doing posts comments getting upvotes and for that sake we collect points in BCH format If I'm not wrong.. Everyone is also well awared of this fact !! That may of the countries(including Pakistan) don't allow this "CRYPTO CURRENCY EARNINGS" and also having "ILLEGAL GRANTS" for it.. So how would to take this view of ILLEGAL TASK , and CONVERTING INTO LEGAL ONE (WHITE COLLAR CRIMES). and how everyone is having such an amazing dealing by this Cryptocrreuncy despite of knowing it as illegal! Many off shore companies are having this all but !! How can we make this in our country ? And how can we get this all ,if it is legally not allowed and having legal problems too then Can't we go under observations ?? By our states? I hope my query would get considerable attention.. As it's really serious for my mind and fir my working as well. Thanking in anticipation. Hoping to hear you soon
I alwaulys think why they are giving us money for articles and comments😶😶
I don't why Pakistan's gov. will ban such a good idea. I mean, crypto is the future money so, everyone must embrace it. To be honest, I don't really know if the Pakistani government can track your activities here while using cryptocurrencies. It's up to you if you will read the law or bill in your country that states that crypto is illegal. I am sure it is stated there how they will locate the person who don't abide the law.
😶😶😶😶😶yes !! Its illegal . And we granted it in white collar crimes 😶😶😶😶 BoooooooooooOooommM I'm doing something really illegal for first time in my life Well another question I have but it's totally irrelevant from your topic
Thanks very much. This article really helps a lot because I have been wondering why this has been happening to me
a very helpful article. Thanks for sharing :)
This was the second time it goes down really.The first when my points stucked I only earned .2 so its not bothering coz it was stucked.but the following day my cash pool returned to its previus amount.so my earning for that day was almost gone..And today was exactly the same,yesterday I was able to make .5 added on my cashpool but as I browse today .2 was also reduced😥
Yup Im experiencing this too my balance is sometimes getting low or a little bit higher than usual balance I have
It is now around 277$. The price is really unstable. It can go up and down. I hope it will increase again, soon. Your post is really informative and this is recommended for every user who think their earnings are deacreasing because of any other reasons.
This is great for people who really have no idea about crypto. Kinda wish the exchange stabilizes more though
I am hoping that cryptocurrencies will be used more on financial transactions. Right now, it more used on speculations/investments where people buy a large number of bitcoins and sell it making the market volatile.
Wwll yeah. If it were to be used more regularly in transactions than as stored items, i think the value would definitely stabilize like how real money is but then we'd need a wider audience and more adaption for that
Actually the dollar value mentioned creates a confusion.
Why do you think so? Can you please explain. Enlighten me. 😊
Because the price of BCH changes so now 1 dollar may give 0.03 BCH but with a change 1 dollar may give 0.028 BCH. Or you may take it the other way round. I may be wrong but thats what I think.
Yes, it's a fact. I always check my satoshi not the $. Cause the currency is unstable. Informative article indeed.
I hope for some who's asking why their money lost should read your article. This is the answer to their questions.
Yeah, youre right! Bch value now is dropping down hope it will go up again
I hope it will 🙏
Very well explained i hope others will understand now how volatile bch is
I also read about volatility of cyrpto by reading ashma's articles, so as my money decreased I'm not quite surprised about it Good thing those who are confused about it will be informed if they read this.😁
I hope they will read it carefully hahaha
I hope so😀
Sometimes i also faced this kind of problem....It is occurred because the price of bch is not always stabled...sometimes it increases and sometimes decreases...
This is really helpful Dude. I forgot that this platform pays BCH my bad.
Yes, it changes n not fixed n u wouldn't know when will it be increasing or decreasing, just same with the foreign exchange or currency here, sometimes the exchange's high, sometimes, it's low, salamat po sa upvote :)
I always face this problem. But after joining read.cash then I read the full post of read.cash guideline. And I was clearly understood the all rules and guidelines of read.cash. there I also understood the BCH price pump and dump issue which is shown our own read.cash wallet. Well , but my all referrals always complained me about it and I always try to know that it's a up down problem. But your post is very helpful to understand it for newbies. I'll save your post and if my any referral asked me about it then I'll give them this post link. Thanks for this great description.
You are really superb with your explanations I love it. Thanks a lot. Keep it up😊❤
Thank you :))
Nice presentation of fluctuations dropping and growing values. 🍃🌸🍃
Thanks for the complement :)
I've noticed that too up until now. After seeing my wallet goes up for almost 0.5 and then decreased to 0.6 first thing that comes up with my mind is about the BCH's value. I have read before an article about that BCH value changes from time to time it does not have stable price and value. Thanks for this article of yours, I hope it will enlighten more users here on Read cash especially the new ones. 😊
I'm not surprise with this matter of increasing and decreasing my own wallet from read.cash because I have learned and expose myself to crypto currencies. Whats really bothering is the points system with read.cash seems not develop yet, very slow. For whatever I do and doing it daily and regularly seems nothing happens, only that I enjoy what I'm doing. Thank you.
Yeah, I also notice that. But it's a random rewarder after all. All we can do is to publish quality contents, engage to other users, etc.
Agree
know i know all i know is my funds is decreasing everday after all :) fluctuation in bitcoins
Ow thank you for the info, i am also confused mine because i have 5.57 already then suddenly it became 5.55.