Hi friends!!!
Welcome back to read about my Cryptocurrency Journey! I am SO excited right now because I have finally started to make headway in my quest for financial independence through my efforts on Steemit and in the Crypto World. I still don't have a huge amount, but coming from 2 weeks ago when I basically had to withdraw most of my cryptocoin/token to cover an overage in my bank, it's like the world is beginning to see things my way.
Now I sit here with a great deal more in my account in sheer quantity and account value... Thank You, Cryptoverse! With SBD staying fairly high and looking strong, I have all the reason in the world to believe that I am starting to turn a corner here. Do I know that for sure? Of course not, I'm not flippin' Nostradamus or the Oracle at Delphi! I can't predict the Future. My goal now is to try and write a single Post/Day so that I have a daily influx of SBD to fund into my Journey. So far it looks good.
I think my plan at this moment is to take out half of my SBD Earnings in order to fund my Crypto Journey and then use the remaining half to use Bid Bot(s) to see if I can increase my earnings weekly. I don't know if it will work, but I think the next few weeks will tell me whether it's real or not and whether the Bid Bot(s) will pay out. Heck, if it doesn't pay off well the first time (after today) I may end up just saying "Nope, no more" to that Idea.
We shall see just how well this plan works out, but now on to the Basic Strategies...
Basic Strategies
Ok, so I know I've been kind of playing off-the-cuff since I began my journey, but now I'm going to start to put some real focus into not expending the Crypto that's already in place (unless it's absolutely necessary).
SBD half-cast transfers - The first rule is to transfer to Bittrex half of my SBD Earnings from my Steemit Posts (make a note of the prior balance of SBD in Bittrex).
SBD 1.5 - Once in Bittrex, I keep an extra 1.5 SBD while I convert the rest of it to BTC (eg. I had 3 SBD before my last major transfer and now I have 4.5 SBD available). Make note of the prior balance of BTC.
Dispersal Rule - At this point I decide on the Cryptocoin(s) and/or Token(s) that I want to invest my extra funds.
Bittrex Market - Now on to the market to buy some coin/token. If you find the right cheapo option, you could buy in with thousands of Units and then, if things go right you can amplify your earnings by miles. Make sure to keep some BTC to expand your BTC quantity.
Be Smart, Be Diverse - Don't put all your eggs in one basket. I like to diversify my options so I only buy in at like $10-20 USD (at a high) for any individual Cryptocurrency/Token.
Ok, here's my original orders through Bittrex (I'm not going to include anything from Minergate at the moment):
ReddCoin (RDD) - 0.00000010 BTC/Unit @ 20584.77272727 Units
SteemDollar (SBD) - nothing, all earned @ 4.5 Units
DigiByte (DGB) - 0.00000105 BTC/Unit @ 941.03773585 Units
Golem (GNT) - 0.00002154 BTC/Unit @ 69.43155452 Units
Cardano (ADA) - 0.00001248 BTC/Unit @ 39.93194556 Units
BitCoin (BTC) - 1 BTC @ 0.00097413 Units
AdToken (ADT) - ? BTC/Unit @ 200 Units
Ripple (XRP) - 0.00004725 BTC/Unit @ 10.55332205 Units
STEEM (STEEM) - nothing, all earned @ 2.0 Units
So I really haven't been able to keep track of what BTC was worth in USD at the time of purchase, so I can't speak directly to the investment in USD.
Now I'm going to show you what it's worth now so far (revenue based on BTC @ ~$19,350/Unit):
ReddCoin (RDD) - 0.00000016 BTC/Unit @ 20584.77272727 Units = ~$63.73 USD
SteemDollar (SBD) - 0.00058372 BTC/Unit @ 4.5 Units = ~$50.83 USD
DigiByte (DGB) - 0.00000192 BTC/Unit @ 941.03773585 Units = ~$34.96 USD
Golem (GNT) - 0.00002550 BTC/Unit @ 69.43155452 Units = ~$34.26 USD
Cardano (ADA) - 0.00002581 BTC/Unit @ 39.93194556 Units = ~$19.94 USD
BitCoin (BTC) - 1 BTC @ 0.00097413 Units = ~$18.85 USD
AdToken (ADT) - 0.00000217 BTC/Unit @ 200 Units = ~$8.40 USD
Ripple (XRP) - 0.00003779 BTC/Unit @ 10.55332205 Units = ~$7.72 USD
STEEM (STEEM) - 0.00012251 BTC/Unit @ 2.0 Units = ~$4.74 USD
Total: ~$243.43 USD
Thanks everyone for following, upvoting, resteeming, commenting, and trying to keep me reasonable! I appreciate it!
Posted on Utopian.io - Rewarding Open Source Contributors
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You are doing exactly what I am planning to set up - a small ownership in many coins. I'm using the daily contests @maarnio has to learn about the coins a bit. He has good videos for them and I win his contests sometimes :) Also @haejin has amazing information to help with trading if you plan to go in and out of these at all.
I'm so glad to have the money to even think of this idea and hopefully will soon have another wallet besides steemit so I can move money!
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I'm by no means an expert, but I do understand the basic concept of "buy low, sell high". I want to sell way high so I'm probably going to hold my position with the coins for the most part. Hopefully this inspires some people to take action in themselves and their future by doing this... if you believe Cryptocurrency is more than a flash-in-the-pan idea, then this should be a smart idea; and if you use Steemit SBD earnings, you are funding your efforts without taking away your fiat financial assets.
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Assuming I had any assets lol. This bonanza is more than I've made in many years trying to push my natural weight loss message. I almost gave up here in October and I am sure glad I tried harder instead.
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There does seem to be a curve where you start off quick if you find the right group, then it plateaus and flattens out, then you begin to find some of the techniques that amplify your earnings again.
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For me, it is commenting. Up until very recently, I made much more on commenting then posting. Now it's about half and half. I don't really have any groups, just people who put me on their bot and random passersby. But if I say a good comment, I can get a lot if a big guy sees it and likes it or if I few smaller people do.
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You should join the MSP/PAL Network on Discord. I’m a huge proponent if theirs since they have been a close to family for me on Steemit... especially since curation tends to be my weakness on the platform.
If you’d like to join, here’s a link: https://discord.gg/T3Emg5Q
We would be happy to have you as part of our Steemit community. We have support, lots of fun, radio shows, and friendships.
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I'm not a chatter, but I tried discord a couple of times. My internet is not reliable enough for it. I just lag and lag. From the little I saw, it seemed just to be the same stuff you can post out here for actual money and alexa rankings.
Plus it seems like fights break out in there and come out here. That's really the only time I hear too much about chatting when people start down-voting each other.
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Wow I'm glad to know that you are paid by Steemit already. Good luck to your goal. My first payout was exciting but I was nervous.
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Thanks so much! I hope you find similar results and that all of us grow in wealth, power and happiness!
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Your contribution cannot be approved because it does not refer to or relate to an open-source repository. See here for a definition of "open-source."
You can contact us on Discord.
[utopian-moderator]
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I set it up from the Utopian UI and had it connected to a repository that does exist: https://github.com/dbzfan4awhile82576/crypto-journey
For whatever reason, though, the contribution didn't link up and I'm not sure how to link it up (even though I've asked for assistance in Discord).
Any advice would be helpful (my Discord username is the same as my Steemit username).
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