What Can You Do with Your first $5?

Hi everyone!

I realised from the noise.cash platform, many who joined the platform are n00bs on crypto. Like me, it took me many mistakes and a lot of trial and error to finally get the hang of it; and many on the noise.cash platform are basically pretty much still just keep their BCH in their wallet (like me before) and wait for it to bull to rip profit.

What if, you can do that with crypto centralised compounding services on the go?

Like I mentioned on my previous post Budget for Better Investment, Cultivate Saving Habit while Young before, it all has to do with discipline, and there is one more item you need to keep reminding yourself while your first sole crypto income comes from noise.cash:

You have been very blessed to have bump into this platform, whether by YoutTube like @scottcbusiness , or introductions from friends like @bmjc98 or @eommaZel and many more who pushes the awareness of BCH; and...

You didn't deserve it, the world didn't owe you tips in BCH; it is a volatile in value financial entity that can help you to generate wealth; and it is not your Master.

Ok, with the above laid aside, now you can let go the fear of losing your first $5 and look into ways where you can eventually generate more income in the future: little by little.

Yes, little by little. Don't panic, don't be anxious, and have patience generating your wealth without the stress.

If you are rushing to pay a medical bill and you are in financial trouble, search for @bmjc98 and apply as a temporary relief recipient in BCH (and don't forget to pay it forward to help her help others too in the future).

So, with that out of the way (again), let's look at what I am working on.

(Note: I will be updating this post gradually with extra links / additional content as the day changes)

Mini Investment #1

Celsius

If you are not in the restricted countries like certain parts of Europe and UK and somewhere in the middle of no where where the service / regulators doesn't allow you to reinvest what you currently have, you can try joining Celsius.

This is by far still the cheapest and lowest entry point I have seen for centralised compounding finance that is still standing, has an active CEO that will answer (even hard) questions, receiving dividend every Monday (UTC) / Tuesday (GMT 8+), and best of all, you can withdraw your first $1 compounded profit. No other services will honour you that at the moment.

You can read my review of a test on another classic crypto coin, LTC at Withdrawing $1 from Celsius for the First Time - Test. Even though the crypto coin is different, but the concept is the same, just different % returns. BCH is slightly lower.

Another good thing to look into is that from the 90 days performance, if you choose to receive your weekly CEL coin, you can see that the security token (yes, I believe they got that settled) is still performing, and when it is ready for major exchanges, the price could be much higher.

Moreover you will have more perks if you keep your CEL there while it too, will roll and compound interest for you.

Not a bad deal, eh?

Mini Investment #2

Investing on other blockchains - NFT (Non Fungible Tokens) game like dCity.io on HIVE

I have been with the HIVE community (forked from Steem) for almost 4 years now, and though the starting of the setup is a little mind blowing and slightly overwhelming, but if you have a desktop, it is pretty straightforward once that is set up.

I had to help my friend to set it up, but after that, it is all making the right decisions and letting the passive income grow. It is a daunting task, and you are most welcome to find me at my Telegram account where I can help you to set up the first HIVE account, internal trade with you for as low as about $2.40 USD worth of BCH to get the most basic NFT cards like what my friend did, and just let that account run on its own, probably every 2 days go back and check on it to see if it is still generating tokens for you to buy more NFT (Non fungible tokens), cards, to generate more SIM until you are ready to swap back for some BCH; where I can help you to internal trade back should you wish to cut down all the crypto investment and swapping learning from one chain to another.

However, that is also depending how much I have in my own resource to help you. haha. Please note that I am not a millionaire.

Of course, this is a LONG TERM kind of investment that could only break even at least 7 years later; and this can be really frustrating if you are in need of liquidated income quickly.

That being said...

The HIVE blockchain is a whole new horizon for you. You can literally use your created account to access to LeoFinance.io (on crypto experience) / Peakd.com (basic blogging site) to blog your experience and your life other than read.cash; and there is a great active community called AseanHive where they can review your original contents and you end up earning the native coin, HIVE, its staked coin, HIVE POWER (that also help you to generate passive income in the future), and even LEO token, if you are writing something crypto related.

Playing the game is just the first step for you to expand your crypto portfolio to many more opportunities!

Any other mini investments?

I am however looking into SLP at the moment just because @CryptoSorted has been very actively promoting his STAKING for BCH returns, but because I am a little lazy to create another wallet, I am still on the fence at the moment.

That doesn't mean I won't do that in the future. Maybe I might look into the new chain Binance Smart Chain first and see if I can roll more for SLP later.

That's all from here, and if you are a person who prefers simplicity for a start, then go back to Celsius, and hopefully with the chart above (if you are not sure about the formula I can guide you, because this is on Microsoft Excel) looking at weekly BCH market price you can estimate when to withdraw, and when you have up to $50, you can move your dividends to Nexo.io, and branch out another compounding location to expand your investment portfolio further!