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