Learn To Enjoy Crypto Downturns
A Brutal Reality
Many Crypto investors are literally terrorized by downturns in the market. However, if you follow a few proven principles, you may actually learn to love dips in the market. I think the scariest aspect of a Crypto dump is the severity, compounded by the rate at which it occurs. Bitcoin can dump 10% in minutes, leaving bag holders stunned and clearly unprepared. In all fairness, how can anyone actually prepare for such an event? There are occasions when it is a lot more obvious. For example, technicals are pointing towards weakness and volume is revealing a lack of muscle.
However, BTC and the Crypto market in general are highly irrational at times. This dynamic can often see the market act contrary to sentiment and even technical analysis. This does pose a dilemma, as how is an investor to prepare for such price action? The answer comes down to preparing for the worst, while hoping for the best! Let’s look at some simple counter measures investors can take to protect their portfolios when the going gets rough!
Losing Exposure Is Not As Bad As It Sounds
An effective Crypto portfolio does not have a full allocation dedicated to volatile instruments such as BTC and altcoins. If your portfolio does not have a specific allocation set aside for stablecoins, then you are most likely going to get burned somewhere along the road. As previously mentioned, prior to BTC hitting 65K, I mentioned a diversification into stablecoins was on the horizon for my own portfolio. As the price action unfolded between 50K and 65K, I was shifting into stablecoins. At one stage almost 40% was in stablecoins, I decreased this slightly with some strategic buys as the market moved lower.
This type of portfolio construction is absolutely imperative in the hedging of your entire portfolio. A 50% stablecoin holding has the ability to soften a market drop substantially. In this specific case, a 30% market dump would only impose a 15% drop in portfolio value. Sure, a significant amount of capital is removed from the market so to speak, but that is where creativity comes in.
Lending & DeFi
Lending has been a way to earn interest on stablecoins for some time now. In some cases, as much as 12%, providing at least some return in exchange for “safety”. However, in reality no single investment is safe! Although investments can be categorized in terms of risk/reward ratios. DeFi can actually provide meaningful returns, provided the risks are acceptable to your own risk profile. Creativity in the allocation of stablecoins is one sure way to hedge your Crypto portfolio.
There are however more approaches one can take in order to capitalize and benefit when markets drop.
Further Use Of Stablecoins
Not only should investors have stablecoins in longer-term investments, so as to hedge and grow holdings but also for further investment. Having capital in the form of stablecoins in order to buy the dip is also extremely savvy! In this approach, should also be the discipline of restraint. The dip has a way of continuously dipping and if you exhaust your capital, you won’t benefit as much. Even if you have allocation capital left over after the dip has concluded, it is better than not having capital in the event that the dip continues.
Coin Selection
It is also important to consider acquiring coins for investment that can be utilized to generate income. This becomes extremely beneficial in the event that the bearish price action is prolonged. Even BTC can earn yield, contrary to Warren Buffet’s viewpoint. In the case of DeFi, the income generation can be quite significant. This is also an avenue that you can choose to make use of in extreme situations. You can choose to have this option available but not necessarily utilize it. One of the most important aspects to remember when it comes to investing is to always ensure that you have an ace up your sleeve.
Once you no longer have this advantage, you are at the mercy of the market! This is a place that you would rather not have to find yourself, so take the necessary measures in order to protect your portfolio.
Alternative Measures
There are more ways that can be utilized in order to offset loss and encourage portfolio growth. However, these methods do exceed the parameters of the traditional investor who simply utilizes capital. These methods are revealed in “The Crypto Wealthy Mindset”. Utilizing these methods and approaches will require some time and effort to set up. However, they can become a life jacket in turbulent times. Your portfolio requires support structures, safety measures and emergency measures. Without these in place, you become a gambler!
Gamblers are reliant upon luck. It is better to actually plan for success, which does not occur by accident. Portfolio construction and design is a lot more complex than many may think, which is why 90% of the market loses money! However you may decide to approach the world of Crypto investment, ensure that you are holding a couple of aces. Trust me, you will be glad you did!
Do You Set Yourself Crypto Earning Goals?
You Miss 100% Of The Shots You Don’t Take
An old saying that never seems to grow old, most likely due to it being very true. If you don’t set goals or fail to aim at reaching certain measurable points in your journey, you will most likely travel very slowly! If you want to reach any type of measurable success, you need to be committed with a specific plan mapped out.
You have to have certain points of progress measured and planned out in order to reach them and enjoy the benefits of accomplishment.
Time Waits For No Man
It is pretty much as simple as that and the quicker you get going, the quicker your progress will produce the results you are seeking. Time waits for no man and as mentioned before, it is the most valuable asset you have, as it can never be replaced. Unlike money, cars and homes, time is finite and if you waste it, you lose it forever!
The Main Objective
This being said, my main objective is to increase my passive earnings, for the simple reason that the initial time spent on these endeavors will continuously reward me. What does this mean in practical terms? Well, by managing to secure a passive income equal to a working wage, I am effectively saving myself enormous amounts of time. In other words I am saving the most valuable earthly asset.
The consequence of this being that I never have to allocate another hour of my time, in order to have an income. This is massive and something that not many seem to fully comprehend. When I speak of meditating, I am not talking about some type of spiritual ritual. I am talking about thoughtful consideration and planning. This is an absolute imperative aspect to developing a great understanding and strategy.
Necessity Is The Mother Of Invention
A recent lack of regulatory clarity has basically forced me to increase a certain aspect of my economic model. By doing this, I am subsequently strengthening one particular aspect of my model in order to depend solely upon it until there is clarity and clear guidelines. This does have benefits, as now I am allowing the rest of my model to grow in value. From a long-term point of view, this is actually helping me. However, in the moment, it does involve some sacrifice.
Another Reason Why Passive Income Trumps All
This is exactly why I love passive income so much! Sometimes, as a trader, one can be limited by the services your country allows. Certain transactions can become an issue in certain regions of the world. However, money coming into a country from an external source is generally smiled upon, as the country is not leaking investment or capital but rather acquiring capital, which will subsequently be taxed.
There are so many really good reasons that actually promote the building of passive income above every other form.
First Prize
For example, one of my favorite passive mechanisms is BetFury. When I take into account my monthly staking earnings, as well as referral earnings, this mechanism alone covers more than half of my monthly rental. This is completely passive and merely requires me to login and cash out. This to me, is the first prize of earning within the Crypto space! I am constantly building upon existing mechanisms, as well as seeking out new opportunities.
Some Avenues To Explore
Obviously some of the best opportunities are those that do not require any investment but rather have ways in which you can alternatively earn income. Utilizing opportunities that have multiple tier referral programs such as PipeFlare, or even CryptoTab are great ways to do this. These opportunities allow you to earn a small amount on a daily basis but also have basically unlimited referral programs that can generate rather meaningful income. Multiple tier programs have an amazing way of compounding even small amounts into substantial amounts. This is obviously relative to your own unique referral base.
One of my other favorites is Cointiply, mostly due to the high earnings that are available to users. This is probably the highest micro earning site in the Crypto space. Cointiply does not offer a multi tier referral program but their program is unlimited. So users are able to refer an unlimited amount of new users to Cointiply, making it extremely viable and a favorite to many, other than myself. Great personal earnings that can be complimented by rather significant referral earnings.
Trading Platforms
Trading platforms such as Bybit and FTX are also great avenues to utilize. A trader who enjoys and benefits from an exchange will continue to use the platform and subsequently earn the referrer ongoing commissions. There are many other options such as BitYard, or even Biswap, which is a DEX that has a referral program as well! The attractive aspect of Biswap is that every trade you execute on the DEX earns you BSW. The fees are extremely low and you get to earn BSW every single time you trade! This is why I prefer to swap coins and tokens here, as I will be paid for my trades.
Utilizing platforms that require investment generally incorporates DeFi and traditional lending platforms such as Celsius and Nexo. The returns are also a lot lower on traditional platforms, which means that larger amounts of capital need to be secured in order to earn meaningful income.
Create Your Own Economy
However you may choose to create and generate ongoing passive income is entirely up to you, as the space is literally jam packed with opportunity. That being said, this should not be considered investment advice. This is simply me sharing my journey with you. All the best and wishing you well on your journey through the world of Passive Crypto Income!
What Makes This Investment Strategy Smarter Than You May Think
What Makes An Investment Great?
In most cases, a bad investment is fairly obvious at first glance. However, some individuals still manage to get ruined by bad investment decisions, largely due to ignorance. A good return on your invested capital is only one aspect or criteria that defines a great investment. This is often the only criteria that is considered by certain investors. This group of investor often ignores a number of other very important aspects that are essential in making an investment a success. How you approach an investment, is absolutely imperative to whether you will succeed or fail.
Simply taking part in a Formula 1 race does not necessarily guarantee you the trophy. It all comes down to how you drive, which is a combination of skill and actual execution. In the investment world, it comes down to knowledge, combined with excellent execution.
The Most Important Rule
I view allocation as the most important rule of investing or trading. Wise and prudent allocation can and will make all the difference, especially when things don’t go your way. Investment is not a case of all or nothing but rather a means to secure gains. Throwing your entire capital at any particular investment is in essence a gamble. If all goes well, you walk away a winner! In the event that things don’t quite go your way, you stand the chance of significant ruin! This is particularly true in the Crypto world.
When Things Don’t Go Your Way
Whether you want to admit it or not, there will be times when circumstances seem heavily apposed to your investment decisions. What do you do in times like this? If you followed the golden rule, then you can simply add to your investment and subsequently pull down your entry level average. Alternatively, you could also wait for a trend reversal confirmation. Once confirmed, you could increase your holdings.
In the case that the project has suffered a fatal blow, your loss is not devastating, as it was only a portion of your capital at risk. If you chose not to follow this rule and allocated all of your investment capital, you would be, what we call toast!
Utilizing Passive Income To Remove Risk
This has got to be one of the best ways to grow your investment portfolio. In the case where an investment opportunity may appear relatively sound, there can also sometimes be other risks involved. BetFury was one such case for me. Being a gaming and gambling platform, there are a few important aspects to consider. Regulatory issues often arise, specific to certain locations and laws. Transaction volume can also drop due to a multitude of reasons.
After recouping a small investment in BetFury, I decided to slowly increase this avenue by utilizing passive income that I generate utilizing other strategies. In this way, I am not really risking anything, as this is capital being generated automatically without any work. The following fundamental aspects are what encouraged this move.
Guaranteed Token Appreciation
Before we look at this, it is important to understand how this investment works. The BFG token, which can be purchased via Biswap or Hotbit is required in order to stake. The staking of this token earns dividends in BTC, ETH, BNB, TRX and USDT on a daily basis. Dividends are credited to your account every 24 hours.
Playing games and gambling subsequently earns users BFG. This is known as mining BFG tokens, as tokens are actually mined relative to the wager amount. The mining difficulty adjusts over time and so one needs to wager more BTC in order to mine BFG. What this does is basically ensure that the price of BFG increases over time. Now that the BFG token can be bought on exchanges, the purchase price and mining price need to remain somewhat tethered. Considering that the mining price increases by default, it makes sense that the purchase price will have to follow, in order for this model to remain relevant.
Earning Dividends In Assets That Increase In Value
This strategy works extremely well when dividends are held and hodled over time. Initially, all dividend payouts were made in BTC only. The addition of other coins has only taken place fairly recently. I was receiving BTC dividends when the price of BTC was only a few thousand dollars, so you can imagine how those earnings have grown over time. This is another reason why this particular opportunity works so well when you incorporate sound investment principles into the mix!
The Yield Is Even Better Than CAKE!
Many within the Crypto space will be familiar with PancakeSwap, a DEX powered by the CAKE token. CAKE is the native token of PancakeSwap and can be staked in order to earn a monthly yield of approximately 6% on various platforms including PancakeSwap. This figure fluctuates slightly and will be higher if earnings are compounded within the staking protocol over time.
Depending at what price you are able to secure your BFG tokens, you can generally earn anywhere between 7% and 10% per month on your initial investment. With daily dividend payments and immediate withdrawals at any time, it is an attractive opportunity.
Taking Advantage Of Dips
In the event that the BFG price dumps significantly, it becomes the perfect entry point for someone looking to earn ongoing passive income. Buying the dip, essentially means increasing your dividend yield, provided the price returns to previous levels. If the price remains trapped, then the expected 7% to 10% is still available.
Dividends For Risk Allocation
When investing in smaller cap projects that are still undiscovered, I prefer to take capital from passive income sources. I do this so as to eradicate risk. Passive income is constantly created and does not require my time or effort in order to generate it. This approach does not put my lifestyle or budget at risk.
This is a prime example of how I evaluate an opportunity and apply sound investment principles in order to offset risk.
This is not investment advice but simply my personal approaches and strategies to generating Crypto wealth.
Some Of The Best Places To Accumulate Litecoin
Why Accumulate LTC
There are a number of aspects that still make Litecoin an attractive option, despite the coin having quite a number of haters. Many haters have chosen to base their opinion on what they consider, a lack of development and innovation. Despite the haters, LTC is actually more popular in real terms than many people may realize. Not every project is going to be based on smart contracts, some will have qualities that some may find boring or outdated. Charlie Lee, the founder of Litecoin recently hit 1 million followers on Twitter. The coin has also recently been approved as a form of payment on publicly listed company, Newegg! PayPal also recently announced the incorporation of LTC, as well as BlockFi.
Litecoin was also launched without any ICO, or premine, giving it an ethical edge over many other projects. Launched and perceived in a similar way to Bitcoin, Litecoin also seems to be creating a legacy of longevity. Many projects that were around when LTC launched are now either dead or sitting at the wrong end of the market cap spectrum. Litecoin is still relevant and there are a lot LTC die hards in the Crypto community.
Free Litecoin Is Always welcome
Obviously one of the most common places to earn some free LTC is faucets. Free-Litecoin has been around for quite a while now and is generally one of the higher paying faucets. Balances in excess of 0.05 LTC also earn 8% interest per annum. This is pretty much double what you can receive from Celsius or BlockFi. However, a financial institution is somewhat safer than an online earning site. All things considered, many would rather prefer to withdraw their earnings periodically.
Plenty Of Alternative Options
Free-LTC is another pretty solid faucet that has quite a group of faucets offering quite a decent range of faucets including BTC, BNB and Doge. Both of these faucets can be claimed every hour and are a nice way to earn a little extra LTC on the couch. Swissfaucet is a fairly new earning site that is quite similar to FaucetCrypto, in that there are also PTC ads and offers. Both platforms offer payouts in LTC and the thresholds are very low, making them a firm favorite.
Free Litecoin is quite a user friendly option, since the faucet has no captcha. Simply spin twice and choose the highest spin. You can also watch a video ad for a bonus spin, if you so choose. Users are able to claim from the free spin every hour. Users can also set their payment threshold along with their wallet, meaning that the payment will be automatically sent once the threshold is reached. At this stage, payments are processed once a week on Tuesday.
ES Faucets is another option but I don’t really enjoy this one as earnings are a bit low. On the positive side though, there are multiple faucets you can claim and build up. Video ads, surveys and PTC ads are also available here.
The Best Option
The strongest earning potential lies within Cointiply. Earnings can also be withdrawn in LTC on Cointiply, making it the best option by far. The Cointiply faucet is the highest paying faucet that I have encountered. Claiming daily also generates a 1% bonus, with a cap of 100%! So claiming every day can create a 100% bonus on all of your claims, once you reach 100% and maintain it by claiming daily. There are also multiple earning opportunities on Cointiply, making it the most viable. In dollar or satosh terms, Cointiply is the highest earner hands down, especially if you complete surveys. Doing surveys enables one to cashout quite frequently, since the threshold is only $5!
Time Favors The Faucet Strategy
One can accumulate decent amounts of LTC by utilizing Cointiply on a daily basis. Whether aggressively or modestly utilized, these sites can generate free LTC for Litecoin lovers without dishing out any of their own dollars. Monetize your time on the couch, by downloading apps that can earn you free Crypto. What makes faucets attractive is not the relative dollar amount earned but rather the fact that this is an asset class with tremendous potential upside. The all time low for LTC is $1.15, while the all time high is $410.26!
LTC earnings can also be sent to a Celsius or a BlockFi wallet in order to earn even more LTC in the form of interest. Small amounts from multiple places begins to add up, especially if sent to one wallet. All information is merely informative and not financial advice, or an endorsement of any of the services mentioned. Please do your own research and due diligence.
Faucets – Worth The Time Or Not?
A Small Reward For Little Effort
Let’s just be clear, you won’t make meaningful amounts of Crypto with faucets. You will however be able to freely stack up some extra sats, that may become rather meaningful in time to come. In the short-term, I would say that it is not really a good use of one’s time. However, over the longer term the story can change quite significantly.
A good example of this is Doge, as there has always been quite a significant amount of Doge faucets online. In 2018 and 2019, it was rather easy to gather at least 50 Doge per day by utilizing CoinPot and Cointiply.
Big Pay Day For Doge Faucet Users
Although your earnings are shown as BTC in your Cointiply account, you can actually also withdraw in Doge, Dash and LTC, if you so choose. Begin to do the math and you will realize how much your coins would be worth, if you had hodled them. Looking at the recent peak price of Doge reveals that 50 Doge would be worth $38! Current price implies a value of approximately $10 for 50 Doge. Whichever valuation you take into consideration, it is still a very good reward for only making use of two faucets!
Average monthly earnings at all time high price for 50 Doge per day – $1140
Average monthly earnings at current price for 50 Doge per day – $300
Crypto OG’s – Still Caught Up In Tradition
For guys like me, we were introduced to the Crypto world via faucets many years ago and it is almost like a tradition to complete your daily faucets. There are however ways that I choose to complete faucet claims that are not time consuming.
Firstly, if I am writing or working online at my desk, I have multiple devices at my disposal. I can work and claim simultaneously without actually setting aside time to claim exclusively. Multitasking always creates efficiency! Claiming in bed at night before I go to sleep is also another efficient approach. As discussed in a previous article, getting stuck in queue, or waiting for an appointment is also a great opportunity to grab some free Crypto. Life is full of small opportunities that otherwise wasted can be utilized to gather some Crypto.
A More Comprehensive List
I have previously mentioned some of the earning sites and apps that I have available on my phone for when the day throws me some idle time. However, I also have some on my tablets and laptop that I can hammer away at when at my desk, or at other opportune times. I tend to utilize the more proven and time tested sites with a few newer options as well. Some pay a lot more than others, while if utilized efficiently, Cointiply is by far the best opportunity. Coinpayu is another site that has multiple earning opportunities and is quite similar to Cointiply. The platform also has a very low withdrawal threshold, which is always great!
Solid Favorites
- Cointiply
- Freebitcoin
- AdBTC
- Bitcoin Aliens – Free Litecoin
- Bitcoin Aliens – Free BCH
- Faucet Crypto
- BetFury
Newer Options
This is by no means an endorsement of any of the services mentioned. Neither is it intended to be considered as investment advice. These are simply some of the services I utilize daily to stack up some extra sats.
I guess for some it is worth it and others not. Also, how you incorporate faucets into your schedule also makes a huge difference as to how effective they will be. Thanks for reading and all the best!
Why The Accumulation Of BTC Is So Important
Have You Considered The Future?
Markets evolve over time but what is always important to note is how often this actually takes place. Shifts are also not instant and while you may think that other advancements in the Crypto space are likely to supersede Bitcoin, you are perhaps only considering the angle of speculation and price surges based on breakthroughs in technology. Once a market has shifted, the dominance within the shift maintains dominance after the shift. It is important to know why this actually takes place and the reason is fairly obvious once you remove the factors of what actually initiated the shift and focus on what is now maintaining the shift.
In the case of Crypto, it was motivated by decentralization, removal of barriers and just a basic revolution of how to store and move value anywhere in the world. This idea brought on early adopters, as well as developers, who collectively created the market we see today. However, what will actually sustain this market to grow and flourish into the future? In the case of BTC, the halving will continue to play a very significant role but it will have help. That assistance comes from institutional and corporate investment. Institutional money always goes for the leader and always intends to root and establish itself. This implies that institutional investment often looks to park for decades and sometimes longer.
Institutions seek long-term parking spots, which is another subconscious reason as to why Tesla’s perceived flip on BTC earlier this year seemed so off. What this in essence means is that there will be considerable investment going into BTC well into the future. Large firms and institutions will create narratives to bolster BTC. Currently there appears to be a lot of indecision regarding Bitcoin but it is not that at all. Due to the sentiment being fragile in the formative years, large players are able to manipulate markets down to accumulate, as well drive markets higher when they want to realize a little profit. The assets may change but the rules still apply.
Consistent Stacking Of Sats
As long as your BTC holdings are growing in satoshi value every month, you are on the right road. You want to see your satoshi value increase, as well as be compounded by the dollar value increase over time. This is why I spent time building and developing passive BTC mechanisms, in order to ensure that my BTC holdings would grow over time. The fact that I don’t need to invest any extra capital in order to experience this growth makes it even more rewarding. Exhausting every avenue, as well as being almost obsessed is often what it requires to really attain meaningful results.
There will be a number of alts that will perform really well over time but it will be rather difficult to choose correctly, even with a lot of research and knowledge. Furthermore, even if ETH flips Bitcoin, BTC will still maintain the standard for store of value and blue chip status.
Whether you like it or not, regulation is about to change everything. All the elements of “purity” that many feel BTC has lost will be the fate of every other alt as well. Investors need to realize that with this big attraction of investment and mainstream adoption come new rules, dynamics and centralization.
One has to soberly consider future investments and BTC remains a solid winner, no matter how things play out. These are my views and one is free to think otherwise. Just ensure that you proceed with knowledge, data and facts. All the best and remain committed to your Crypto goals!
How To Avoid Impermanent Loss When Yield Farming
Attractive Gains Met By Significant Loss
Many people have chosen to avoid the whole idea of yield farming or liquidity mining due to the significant risks associated with the sector. These risks generally exclude impermanent loss, which even many Crypto users are unaware of. DeFi has been and continues to be a very active avenue of the Crypto space, with many predicting significant growth in the years to come. I too believe that this is just the start of something that will dramatically change finance in the years to come. Attractive gains are obviously the biggest draw card to the sector, with many opportunities offering insane returns.
However, many do not consider the losses that are at hand as they only consider the risks. In this scenario, a rug pull or exploit would be considered a risk but a loss can take place without any of these dynamics taking place.
A loss can take place even when the price of an asset increases. This is referred to as Impermanent Loss and can be a hidden enemy lying in wait to attack the value of your assets.
Impermanent Loss & How It Works
When providing liquidity on any Automated Market Maker, deposits need to be of equal value. The AMM protocol operates on a formula to adjust holdings in relation to price movement. In essence, the purchasing of an LP token is purchasing a percentage of the pool. The algorithm or formula adjusts the ratios of the assets in order to keep the distribution equal. What this means is that if one of the assets happens to see a significant appreciation in price, the holdings will actually be altered to reflect that adjustment.
This can cause liquidity providers to actually come out of the contract with less tokens than they initially invested if they choose to withdraw the liquidity at those prices. However, if an investor chooses to wait and prices return to the original levels at which they deposited, they will be able to withdraw the same amount of tokens as they deposited.
So How Can We Avoid This Dynamic?
There is a very simple approach or strategy to implement in order to remove the risk of impermanent loss and that is to use stable coin pairings, such as BDO/BUSD or some other stable coin pair.
These coins are not supposed to increase in value and even when they do it is usually a percent or two. Perhaps BDO is not the best example as it is known to move outside of the prescribed range. A pair such as BUSD/USDC is probably a better option for such a scenario, as a move over a percent would be considered large. I have seen many who chose to provide liquidity with more volatile assets such as Compound and exited the protocol worse off than if they had simply held those 2 assets in their wallet for the same time period. This means that even after the compounded returns, the impermanent loss became realized loss and put them in a worse position than simply hodling.
This can be avoided by utilizing stable coin pairings and many offer really impressive returns as well. Perhaps something to consider if you have experienced this dynamic play out in your ventures. This is however not investment advice. Please do your own research and make informed investment decisions.
The Crypto Wealthy Mindset
One Man’s Wealth Is Another Man’s Poverty
Wealth means different things to different people but at the end of the day, true wealth means having more than you need, complemented by freedom, health and a great lifestyle. The accumulation of financial wealth is however what I am going to be focusing on and more specifically, wealth within the Crypto space. There are a few important approaches that are fairly common amongst most Crypto investors who started with basically nothing and went on to accumulate significant wealth. Unless you are already super wealthy, these are the strategic moves that you need to consider. A dedicated and diligent execution of these strategies can produce tremendous wealth over time! This is not some highway to wealth but rather a path that will actually require time and effort. Provided that is you, these strategic moves should help you attain your financial goals within the Crypto space!
With that in mind, let’s explore my key principles to Crypto wealth! As always, I am not a financial advisor and this is not financial advice. These are simply my own personal methods.
Dollar-Cost Averaging
No matter how much you choose to invest in Crypto, ensure that you put aside a set amount on a regular basis. Whether this is on a weekly or monthly basis is actually inconsequential, provided it is done consistently. This amount does not need to be excessive but rather what is affordable and within your means. The idea behind dollar-cost averaging is that you manage to gain entry points into the market at staggered price levels, ultimately reducing your risk. This approach also eradicates the need for a lump sum investment, which is often very difficult for most potential investors to get their hands on. By simply adding small and manageable amounts, investors can begin to amass a meaningful amount of Crypto over time.
Once again, consistency is at the heart of this approach and I am sure many will agree with me that this is one of the most powerful approaches. This is especially true for new investors, as timing the market is not necessary.
Crypto Side Hustles
Whether you are a blogger or make use of online earning sites such as Cointiply or Noise.cash, earning additional Crypto is another key aspect to consider. The amount of Crypto that can be earned via these channels depends solely on the individual. There are a number of opportunities and avenues to explore within this genre of Crypto accumulation, making it an accessible option for most people. Just ensure that the opportunities you choose to utilize are legit and that the compensation is reasonable and relative to the time required.
It is always wise to remain with the leaders, so as to avoid scams and ensure that you actually get paid! It is important to note that all earnings via the methods I am outlining need to be hodled and not spent. Earning or generating Crypto is rather pointless if you choose to spend it. The idea here is accumulation and mass accumulation on as many fronts as possible.
Passive Income Mechanisms
Wow, this is an element of accumulation that is almost limitless! Pretty much any opportunity can have a passive element to it, one just needs to get creative. This is my favorite approach, as it has so much potential upside and scope. Referral-based opportunities are great for this approach! A lot of promoters utilize Binance or Bybit, as many Crypto investors require the services of an exchange to buy and trade Crypto. Any opportunity or platform that offers a referral program has the potential of producing passive income.
Building your income base by leveraging opportunities and referral programs can be very lucrative, especially if you manage to onboard a couple of very influential and active referrals. Building any form of passive income requires time and one should not lose heart along the way. Any amount of passive income is an income that you will not have to work for again and one should always meditate upon that as an encouragement to continue!
Trading Altcoins With Massive Potential
This can be a rather tricky and dangerous venture, as outlined in “Micro-Cap Gems – A Dangerous Journey?”. Deciding to explore this avenue should only be done after much consideration and is perhaps only suitable for individuals with trading experience. The upside to this method of accumulation is that when dealing with smaller-cap projects, one does not necessarily have to invest large amounts of capital in order to experience significant gains. In my recent article, “Two Sapphire Picks From 2020 That Surged More Than 300X”, I reveal two of my most successful altcoin picks from 2020. In this case, a small investment of even $100 would have realized a profit of at least $30K, which can go a long way to providing capital for further investment and passive income generation.
Lending & DeFi
This is another very lucrative and exciting sector. Lending has been around for a number of years, with names such as BlockFi and Celsius leading the space. Earning interest is great but I would suggest only lending out a portion of your holdings, as there is always risk involved when it comes to any third party. Diversifying your allocations between numerous platforms is also another way that you can reduce your risk. Lending returns generally vary between 4% and 6% per annum.
DeFi definitely has the upper hand when it comes to the annual percentage yields on offer between the two avenues. However, increased profit potential comes married to increased risk! Rug pulls and exploits are a very significant risk within the DeFi space and partakers need to research and ensure that they fully understand these risks. That being said, the returns are rather significant in comparison to traditional lending and interest-bearing accounts. Getting your hands on some quality DeFi projects before the market picks up on them can be very rewarding and will continue to generate great income and profits.
Rinse & Repeat
Exercising these 5 principles can see your Crypto wealth grow exponentially over time and literally enhance your overall financial position. Don’t fool yourself into thinking that you can attain these results within 6 months, this approach will require a diligent approach over a number of years. However, no outcome is guaranteed and these are the methods that I have personally utilized to grow my own Crypto holdings.
Thanks for the visit and I wish you well on your own unique journey. Hopefully, I have provided some food for thought for those unfamiliar with these methods.
Building BTC Stacks The Smart Way
A Practice To Continue
Even if you are completely sold out on altcoins, something I believe everyone should be doing is building a BTC stack. Not only is it a logical move, considering corporations, high net worth individuals and financial institutions want the security and history of the oldest and most secure Crypto but more holders also limits the supply. More people hodling BTC means that the supply shrinks and ultimately drives the price up, including alts. Let’s be honest, most people in the Crypto space are largely speculators. Speculators are generally more concerned with the next big mover and generally tend to exclude Bitcoin.
Holding alts in the medium-term can be an extremely powerful strategy for increasing BTC holdings. I had a couple of alts performing really well in this bull run thus far. One of them being BTMX, the BitMax exchange token which recently rebranded to AscendEX. This token went from approximately $0.03 at the commencement of this run to an all time high of $3.26, which is more than a 100X in a very short amount of time indeed. Selling these sort of holdings for BTC can definitely give your BTC stack a massive boost.
I have a certain allocation of small to micro cap coins that I am waiting on, in the hopes that these can be converted to BTC after some very significant and explosive upside! This is then ultimately considered a BTC stack, as I am monitoring the BTC value for a permanent exchange at an acceptable level.
Multiple Stacks Means Multiple Approaches
Holding alts with the intention and strategy of converting to BTC is one way of indirectly accumulating BTC. Another approach is to simply buy on a regular basis and dollar cost average into building another stack. This approach can also be very rewarding because you will ultimately be able to gain some entries at significantly lower prices over time.
One of my main approaches to building multiple stacks is to send passive earnings to dedicated wallets and build unique and separate BTC stacks over time. This is obviously the best and most favorable approach because there is no cost, or work needed in order to gain the BTC! I focus very strongly on this approach and when I may seem to be a little quiet in regards to producing content, you can be sure I am most likely working on this dynamic. Though passive streams ultimately create BTC with zero effort, building and structuring them does require work and effort.
However, this is the type of work I really enjoy doing because it is a form of work that will continue paying me well into the future. It is not the typical once off exchange of your time for a monetary reward. In building these stacks, I sometimes assign particular revenue to a separate wallet. I do this in regard to my CryptoTab earnings, as I do run a few devices and have quite an extensive mining network. This produces newly printed BTC at a constant ongoing rate. This might not work for everyone, as significant earnings are in essence tied to having a decent mining network.
Due to the fact that you do not have to dedicate any time towards a system such as CryptoTab, or similar passive systems, the earnings are inconsequential as they will just continue to grow and grow as time goes by. Imagine you were passively earning thousands of satoshis a day since 2009! Sure, it will take time but that is all! All there is to do is simply keep checking your wallet and seeing your BTC stack grow! This is the mindset that becomes wealthy.
Another approach is to build stacks in a BlockFi or Celsius wallet. These will grow over time as well due to the compounding effect on the monthly and weekly interest being earned. I slowly add to these and simply allow them to mature and grow over time.
The Benefits To Multiple Stacks
In the world of Crypto, diversification is still one of the most important approaches to maintain, as it ultimately hedges you against potential threats. Hacks, exploits and other risks are very real and having your holdings spread across a number of wallets and services certainly does offer a significant amount of protection. I always consider this and implement this approach as much as possible. It does provide some peace of mind and I am sure many will possibly agree with this concept.
Please do not consider this investment advice. These are my thoughts and approaches in the market and serve to provide food for thought that may encourage personal research.
UBIX – A Hidden Micro Cap Gem
Under The Radar Gem
The Ubix Network, with the ticker UBX is a project I gained some exposure to earlier this year. Currently the network transfers millions of dollars a day and comprises of 6 blockchains. The network is a hybrid, comprised of both public and private blockchains. The Ubix ecosystem is quite extensive and the team has been quietly building and developing this project for years, specifically avoiding marketing agendas at this stage. One of the main features attracting investors is the daily airdrop of 0.10% to wallet balances that exceed 1 million UBX. This sounds like a lot but it is not nearly as expensive as one may think. For those who do not have the funds to purchase 1 million tokens, there is an alternative available to stake any amount that I will address later. At the current price of UBX it is approximately $520.
In order to stake UBX, users will have to follow the instructions via the official site and make use of the MakeMeMoney platform via the Ubikiri porthole. I attained my first batch of UBX some time back and even though the price has been hurt by the recent drop, my initial position is still up almost 2000%.
At the recent peak this bag of UBX surpassed 100X, which is a very clear indication of how this project can still move massively to the upside.
My main reasoning for this view is twofold. Firstly, the project is still very much under the radar and secondly, the market cap of UBIX is currently only $20 million! A $200 million market cap is even tiny and that is 10X from here. It is a bit of a risk but the risk/reward ratio in my opinion is pretty good, which is why I still hodl UBX and will buy more in the dips. Looking at the graph below, you can see that I managed to secure my initial holdings at the ground level and if you know me, you will know that it is very unlikely that I will ever sell that holding. Any coin or token that I manage to get in on extremely early is always a long-term hodl for me. Having that upper hand is extremely valuable and I love the advantage that it offers.
I may move them around and will only consider selling in the isolated event that the project collapses, or suffers some significant setback. Exploring the Ubix network will reveal how complex this project actually is, including how advanced the tech is. Unfortunately, this does not exclude the staking process. Staking UBX will mean that you will have to create a wallet on Ubikiri and then unwrap your UBX from the ERC20 version to the native UBX. Holdings need to be in the native version of the token in order to stake. For those who may find all of this a little too complicated, you can always simply consider holding the token as a speculative trade. These staking yields may indeed bring in a lot more investors, once the word is out. This will automatically cause the token price to increase.
The Ubix exchange has also recently been launched, which is connected to your account on Ubikiri. Purchasing UBX on this exchange is already in the native form and does not need to be un-wrapped. Other exchanges where you can pick up UBX as an ERC20 are KuCoin and Hotbit.
Even if investors cannot afford the 1 million tokens to qualify for the staking daily drops, there is another option. StackOfStake is a staking platform very similar to Mycointainer that offers the opportunity to stake any amount of UBX. From what I understand, UBX tokens will still have to be un-wrapped or purchased directly from the Ubix exchange in order to stake. You will have to do your own research in the event that you may wish to utilize this opportunity.
Ubix also passed an audit performed by Slow Mist back in July. Most projects are pushing marketing campaigns and onboarding new users long before they even initiate an audit. Ubix has been very professional in their approach when it comes to securing and polishing their project.
Ubix have launched their exchange, alongside Ubikiri and staking platform while simultaneously performing a smart contract audit. The team seems very set on getting the project polished and in optimal working order before attracting the masses. There is a lot involved in this project and this article only touches the service. If Ubix intrigues you then you are welcome to visit the resources mentioned.
This article is however not investment advice or an endorsement of the products and services mentioned. Please do your own research and exercise caution. Thanks for reading!
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