By in Persona Paper

To Cash Out or Not to Cash Out – That is the Question

I have finally reached my first big Persona Paper goal since I posted my first post on August 1. I am eligible to cash out for the first time. The question is whether or not I should. If I wait much longer, the threshold will go up to a lot more and I will have to wait a lot longer for my first Persona Paper deposit into PayPal. On the other hand, it might happen that my will increase in value and this may be like money in the bank, earning interest. Shall I wait? Or shall I cash out now?

My bank account is anxious to get some new deposits, but it likes larger deposits better. It took me three and a half months to get to just over five dollars. Will it take another year to get to $25? Or will I begin to earn faster now that I have more posts? Is such a thing as residual income possible here? Has anyone experienced it yet? Or shall I make myself a guinea pig?

When I have been posting 2-3 times a day I have been making about ten cents a day, and that's accompanied by making lots of comments on the posts of others each day. At that rate, the same level of activity would not allow me to cash out for another 200 days, and there's no guarantee I will be able to maintain that level of activity on all those days. I'm not sure I want to wait than long before claiming my earnings.

Any advice out there? What would you do?

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Comments

melody23 wrote on October 14, 2014, 1:50 PM

I have had enough to cash out for a few weeks now but I am holding off to see what happens with the exchange rate. If/when the rate goes up then your earnings will also go up so you would reach payout faster than you are just now

AngelSharum wrote on October 14, 2014, 2:22 PM

I still have a few cents until I reach my first payout. I haven't decided what to do yet either.

Kasman wrote on October 14, 2014, 2:53 PM

Hang on until the rate goes up (sometime mid-October last I heard). You will be in a better position to decide then.

Bethany1202 wrote on October 14, 2014, 2:58 PM

I'm not sure what advice to offer in this situation, but hopefully as the site grows here so will our earnings. I agree that larger deposits are always nicer, but I like receiving any money, personally. Best wishes!

Scorpie wrote on October 14, 2014, 2:58 PM

I would wait for the exchange rate to go up since there was talk of that recently.

bestwriter wrote on October 14, 2014, 8:15 PM

Being used to cashing out 50 dollars and over at a site that I no longer relish I will wait here for that to happen. 5 dollars is not something one can do anything with. As it is what I earn online is not what sustains me.

BarbRad wrote on October 14, 2014, 11:24 PM

I will try to answer all of you when I can. I'm feeling a bit peculiar right now and still have to pack tonight in case we have to leave a day early.

AliCanary wrote on October 14, 2014, 11:37 PM

I am coming up on 5,000 coins, as well, and I don't plan to cash out unless the exchange rate doesn't go up as promised. If it does, I don't mind the payout being raised, because my balance will be more valuable, and there will likely be more activity on the site, leading to more earnings.

AliCanary wrote on October 14, 2014, 11:38 PM

PS - Congrats on reaching 5K!

idyll wrote on October 15, 2014, 6:02 AM

I am a new user and can't figure out how long it will take to hit my first cash out? Currently I have 12 coins in my bank while my account is showing pending status so that I can't submit a post yet.

laksh wrote on October 15, 2014, 2:32 PM

I suggest you to redeem now, as nobody is sure of what's gonna happen. Maybe you can wait before your second redemption

Linda-From-US wrote on October 15, 2014, 5:45 PM

Congrats. I am still trying to learn how things works. I have been a member for two months. But I haven't been active due to some personal stuff. I am hoping to catch on soon.

BarbRad wrote on October 15, 2014, 10:28 PM

I think I'm leaning toward waiting, too.

BarbRad wrote on October 15, 2014, 11:23 PM

I'm hoping that happens soon.

BarbRad wrote on October 15, 2014, 11:23 PM

I'm there, but I think I'll hold on a bit longer.

BarbRad wrote on October 15, 2014, 11:27 PM

I think I will.

BarbRad wrote on October 15, 2014, 11:28 PM

I guess we'll just have to wait and see.

BarbRad wrote on October 15, 2014, 11:29 PM

I'm hoping it will be more than talk.

BarbRad wrote on October 15, 2014, 11:30 PM

It's a good thing I don't have to depend on what I earn on line to eat and pay my bills.

BarbRad wrote on October 15, 2014, 11:30 PM

I do hope you are right.

BarbRad wrote on October 15, 2014, 11:31 PM

Thanks. It is a milestone for me.

BarbRad wrote on October 15, 2014, 11:32 PM

You will be approved to post pretty soon. Nice to meet you.

BarbRad wrote on October 15, 2014, 11:32 PM

It's a gamble, you think?

BarbRad wrote on October 15, 2014, 11:34 PM

Thank you. I'm glad you're back. The more of us who are active, the faster the site will grow and the better our chances to earn will be.

FreyaYuki wrote on October 16, 2014, 4:46 AM

Wow. Congratulations on reaching the minimum payment threshold. That's really great. As for me, I've got a long way to go before I even reach payout here. Have you decided on what you'll do, if you'll cash out or not? You can always wait and maybe the amount of the coins will increase soon. By the way, what does the tag FOPP stand for?

Scorpie wrote on October 16, 2014, 11:42 AM

Eggis is worth about .25 each.

laksh wrote on October 16, 2014, 2:15 PM

Yes. For all the efforts you put in for 3 months, I think you deserve some reward. And that is whatever you would get now, if you redeem. Maybe you can take up the gamble in your second redemption!

LoudMan wrote on October 16, 2014, 3:38 PM

I heartell the value of the coins is about to go up. I'd sincerely recommend you hold onto them, as long as possible. Once some of us find some companies to advertise here, the value might - I say MIGHT - skyrocket. Hold on.

AliCanary wrote on October 16, 2014, 3:41 PM

Click on it. All will be revealed.

JanetJenson wrote on October 16, 2014, 8:46 PM

I am too far away from cashing out here to have even thought of that question. I am ready to cash out at some other sites, however, and do not plan to wait.

carolscash wrote on October 16, 2014, 10:12 PM

I am new here and not sure how the site really works with payouts so I can't advise you. I wish you the best here!

AngelSharum wrote on October 17, 2014, 11:46 AM

I finally made it the other day. I'm at $5.07 now. I'm waiting too.

BarbRad wrote on October 17, 2014, 1:21 PM

I hope they will better than the one running those almost porn ads I see running with some posts now.

BarbRad wrote on October 17, 2014, 1:23 PM

I just cashed out on B on Tuesday, and it'snot adding up as fast there anymore. I could also cash out on Chatabout if I wanted to, but I will wait there, too.

BarbRad wrote on October 17, 2014, 1:24 PM

Welcome. I think if you read the documentation from the links at the top about rules and terms, etc, it will be explained.

JanetJenson wrote on October 18, 2014, 2:43 AM

Chatabout I intend to cash out ASAP. I just cashed out on B a few minutes ago.

Dawnwriter wrote on October 18, 2014, 3:42 AM

Congrats on reaching 5000 coins. I hope the exchange rate becomes better soon.

BarbRad wrote on October 19, 2014, 1:22 AM

I think we are all hoping that.