Today has been a waiting game looking at charts and trading the DASH/BTC pair. Lucky I had house work to do and podcast to listen to. The waiting for trades to happen can feel like forever at times. Yesterday I talked about doing these trade from Monday to Saturday and convert it all on Sunday.
After having some time to sleep on it and really think it through. It makes no sense to trade, build up the holdings, and convert it all. I need a trading balance to keep trading. I decided 0.001 BTC should be the trading balance for now. Anything over that should be converted to SCC.
Although, if I have an amazing week trading DASH/BTC and 2x the trading balance. I think I should throw the 0.001 BTC into another investment and not just keep converting to SCC. Before any of you say "What happen to getting SCC masternode asap?". The plan is still the same but I come across investments I should be in but the funds are all sitting in SCC. What do I do then?
For example, when I see a mining rig for rent below market value or mining rewards going higher so renting at market value is really undervalued in the coming days if I lock the price in right then. I've been putting a lot of thought into this. I've switched my own mining to be available to rent only 4 hours at a time instead of 24 hours. This way, I will have the chance to make it unavailable if the mining rewards go super high again.
SCC is already 51% of my portfolio, which doesn't make me happy at all. I like when BTC is 50% of my portfolio but I'm speeding ahead to build the daily income. I feel I could be doing more and in order to do so. I need funds available. At some point, I need to be happy with the rate of growth by SCC staking and converting the shitcoins into it.
BTC, DASH, LTC, and DOGE should be left alone to grow from interest or trade against each other because I will still be earning the interest anyway. Plus, I'm averaging 0.00017 BTC daily from mining which I could be putting to use throughout the week before converting to SCC on Sunday.
So here's the weekly plan subject to change if needed.
- Convert everything to SCC
- Keep 0.001 BTC for trading fund (Only trade the DASH/BTC pair for now)
- Build a mining rental fund of 0.001 BTC
- Faucet funds will be put towards advertising budget
I'm going to keep this plan because it helps reach the overall goal faster. Also, if any of these produce profits over 2x. The budget for that investment plan grows. I will not convert the 2x, only anything over that.
Current Goals
| FOCUS | GOAL | CURRENT |
|---|---|---|
| Short Term | 1,000 SCC | 145.39 SCC |
| Long Term | 1,000 DASH | 0.89 DASH |
| Website Ad Income | 0.0005 BTC Daily | 9 Sats Daily |
Also, I have some stuff to do this weekend. So I won't be writing much on Saturday and I will try to keep Sunday post short. That way I can get some sleep early and focus on the website almost the whole Monday. I'm thinking about writing about my mining rental strategy. Let me know in the comments if you all would like to read about it.