An increase of $66.75 since my last update (three months ago).
At the end of September 2022, the bank stands at $522.2.
On the advice of The CTA, some of the cash (stablecoin) part of the main portfolio was used to purchase more of the main crypto coin on three separate occasions since my last update. Because this coin is considered to be in value territory for long-term gain.
Here are the latest stats and developments:
The Main Portfolio
A gain of $66.75 over the last three-month period.
Here are the essential stats for 19 months:
Acquisition Cost: $1160.14 (Completed on February 11th, 2021)
Minimum Bank: $428.9 (June 18th, 2022)
Maximum Bank: $2197.55 (May 10th, 2021)
Number of Profitable Months: 8/19
Number of Crypto coins in the main portfolio: 17 (includes one stablecoin)
Current Bank: $522.2 (September 30th, 2022)
Profit/Loss Since Acquisition: -$637.94
Return on Bank since Acquisition: -55.0%
The graph below shows the daily value of the portfolio from March 1st, 2021 through September 30th, 2022:
The values each day are Noon amounts.
The last 90 days indicate that we are potentially in an Accumulation Phase.
Two new airdrop-free tokens were reported. One of which, I qualified for and the other not. This brings a total of 3 different free tokens received,
Another two new potential airdrops were advised, which I initiated. This brings my expenditure on all airdrop preparations to $183.32. As part of potential airdrop preparations, I now have two NFTs.
There are also a total of 6 coins being staked that are associated with potential/acquired airdrops. I will report on them at a future date.
A total of eight portfolio coins are currently being staked. The total profit to date from the portfolio staked coins is $11.11, equal to 2.1% of the overall portfolio value, $552.2. The annual interest rate on portfolio staked coins varies from 3.2% to 12.2%. Staking gains will next be reported on the 24-month update.
Short Term Trades
None were reproducible or appropriate for my portfolio contents in this period.
The next update will be in January 2023.
In general, the best time to sign up for a crypto service is at or near the bottom of a bear market as that is the time when the coins are at their greatest value for long-term growth. So now is a good time.
The Accumulation Phase typically happens before an uptrend. The Accumulation Phase is over when the market sentiment moves from a negative stance to a neutral one. During this phase, a lot of money is both entering and leaving the market at the same time.
Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption.
NFT stands for “non-fungible token.” At a basic level, an NFT is a digital asset that links ownership to unique physical or digital items, such as works of art, real estate, music, or videos. Non-fungible more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference like the U.S. dollar.
Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. Staking can be a great way to use your crypto to generate passive income especially because some cryptocurrencies offer high-interest rates for staking.
It’s weird how you have failed to award this service as a fail. I’m sorry but it’s nots money. Why hasn’t this kash bloke mitigated risk and allocated into stable coins. Looks like a complete disaster!
I’m guessing it will be. This review isn’t finished yet.