My 6 month wealth growing plan
Last year I gave up my job in favour of full time crypto investing and mining. So far everything has gone very well and made great profits from the crypto crash. Life is looking up and I could not be more happy with the results. I don't recommend everybody to go out and quit their jobs, but doing so was absolutely the best move for me. This change of lifestyle has meant that my crypto strategy has changed somewhat and I constantly reassess my plan and make changes accordingly. I thought I would lay out my current 6 month plan, all this is being funded by margin trading and short term holding profits. Any other income I get from mining and any other sources such as byteball will be put into Steem and Bitcoin.
In order of importance:
Buy Reddcoin daily until I hit 5 million Reddcoin. I am currently at a little over a million Reddcoin so I am about 20% of the way there. I am staking Reddcoin and intend to only hold it short to medium term, but depending on how well it does after the release of Redd ID really determines how long I hold. I could sell all of it if it really shoots up or some or none of it if it shows signs of long term growth.
Buy PIVX daily until I get to 10000 for the masternode, I believe in PIVX a lot, so investing now is in my opinion a no brainer. For me this is a long term hold. Holding a masternode and staking the profits are key here for long term profit.
I will be buying both of these currencies at a 50/50 split until I hit the Reddcoin goal, at that point I will move on to buying 100% PIVX
- Once I get to about 5000 to 6000 PIVX I will start to invest into NEM with the intention of staking and with the long term goal of getting the 3,000,000 NEM for the masternode. I will be doing a 50/50 split again for PIVX and NEM. I like NEM a lot and this is another long term hold for me. It will most likely take years to get the 3 million NEM but the goal is nonetheless in the back of my mind.
*** This will continue until I get the 10,000 PIVX for the masternode, at this point we are about 3-4 months away. For the remainder for the 2-4 months I will be investing about 90% into NEM and about 10% into Steem, I think steem is a safe future proof buy.
Things that I foresee could change my plan
There are absolutely coins that I will be monitoring very closely. These include but are not limited to:
- Antshares
- EOS
- Chaincoin
I think EOS and Antshares is a pretty safe investment, but chaincoin is one I will be keeping my eye on. The Chaincoin community seems to be making moves and while it is currently down, it is gaining popularity and more and more Chaincoin masternodes are popping up everywhere. said he would buy up and hype the coin if it drops to 10-20 cent and others are expressing interest. I am not recommending chaincoin but I suggest monitoring it.
Happy Trading
Viking



