As real summer rolled in, it felt like the prices of nearly every investment fell and landed abruptly on our shoulders. It didn’t seem to matter; it all came down at once. This moment in time is not a tremendously happy point in the world’s economy. If you think about it, the economy is two entities balanced against each other, the worldwide product of people power and the global quantity of money. If at any point the balance shifts towards one side or another, prices fall or rise on various components within.
Before crypto, when I had only stocks, I had logins to various websites that all combined to create my portfolio. The problem– each of these logins had its own app, and there was no way to get an overall view of my investments in their entirety unless I trusted one portfolio company to connect them. While this overview is what I wanted, asking a company to get involved also meant being bound to their restrictions and limitations and trusting them with my financial data.
A common mistake in this business is worrying about how much your investment is worth NOW. I try not to do that because I’d go crazy, especially in this market. When I think back to my now prior analytical environment, my main measurements surrounded only the day-to-day coin values relative to USDT.
As UST lost its peg to the US Dollar the whole market suffered a torrential downturn. Like most other HODLers, I looked the other way because, honestly, I’ve survived worse. Instead, I focused on my bot army as many dropped out of the bottom of their trading range.
Every year, the FED prints new money, sometimes for legitimate reasons like the old money is disgusting or was damaged and needs to be replaced. According to the FED, the circulation graph above shows the total amount of dollars that exist in a given year. Around the 1970s, things started falling apart as the number of dollars in existence started growing massively. During this time, we began dramatically losing our buying power.
Let’s start with what a quantum computer isn’t. It’s not small and not able to run at any other temperature than ten-thousandths of a degree above absolute zero. It doesn’t run windows, mac, or even linux.
Roblox is built with the Lua programming language. Many developers use this language to create mini-games, build add-ons to the core Roblox game, and build and sell in-game items like clothing, props, and food. Many developers make their living advancing Roblox because the money generated at this level could be substantial.
I believe that transferring the older Kucoin Grid bots into newer Kucoin Infinity bots removes this risk because the purpose of the Infinity bot is to keep the assets botting forever – or until you want to cash them in. Hopefully, this leads to less of a need to babysit my bot army over the long run.
I think I have prepared my investments to ride this wave correctly. I just wish I started with more crypto in my bags. But, the small bags have already grown, and with Bitsgap and Pionex, I’m able to set and forget these bots as most are already surfing along. It’s just a matter of monitoring and restarting the bots that aren’t productive anymore.
If you are in crypto, you realize that it’s all a game — heck, even the theory that gives crypto its umph is called “game theory.” This concept is something those of us deep in crypto embrace as we start to understand what to avoid.
I have built nearly 60 simultaneously functioning bots, and I’m currently botting with about 50 unique cryptos. Therefore, at my last check, I was holding a balance in nearly 400 unique cryptos.
The introduction of NFTs has nearly crippled Crypto in part and mostly overshadowed what the technology can bring to the world. OK, so how can something be good and bad at the same time? First, let me explain what an NFT is and how NFTs are being used now.
I took some time this week to do a retrospective. I pulled my trading history and sorted by volume pulling the largest transactions on the top. A look back at my buying history has uncovered many shorts I might be able to take advantage of.
It probably surprises you that the botting part of my portfolio is only a small portion of my overall portfolio and nearly 60% of my small amount of crypto is invested. Platforms like BlockFi, Celsius, and Nexo hold the majority of my invested crypto and reward me with new crypto just like a savings account used to reward you with new dollars.
If I were to own 1 Bitcoin now and don’t want to sell for another 5 years, why would it matter to me that it’s only worth $37,364 right at this moment and it was worth $69,420 a few months back? Wouldn’t it only matter what it’s worth in 5 years when I aim for my first BTC sale? Then you ask what will it be worth then? Heck if I know, but I do know it will be worth much more than it’s worth this year. It has to be or else the folks with a big bag of USD wouldn’t have bought it at all.
It’s funny because as an active-HODLer investor I see the market differently. Where other people are price sensitive and worried when BTC goes down (in this case near to $38k) – I can rest assured that the momentary depreciation seen in my portfolio is temporary: I know I would NEVER sell my BTC until it hits my take profit prices. So, while others see red, I see green.
We were taught ever since our first allowance that the growth of wealth is only achievable via gaining more US dollars. Our lives have seemingly all pointed towards this goal. More dollars. Get as many as you can, keep them safe in a bank and make certain they grow in quantity as fast as they can.
A long time ago in a far away land I was learning about this crypto stuff and listening to the Cryptnation weekly VIP meetings. PizzaMind (one of the founders of Cryptnation) found this small cap crypto called BAX. I didn’t know much about it, but it looked promising, so I did my usual throwing of $100 or so at it and held.
The art of botting is something I have looked into over the past 18 months and I wish to share my findings. This isn’t a “get rich quick” scheme. It’s hard and not for the faint of heart. But to those who manage to adapt quicker, they can surf longer on the upward momentum of the massive bull markets.
I’m fascinated with DEFI. I find it’s a world worth exploring before the inevitable crack down occurs.
What’s going to happen in this world when the next generation graduates high school richer than their parents? Will we then move in with them when we can’t afford paying our USD denominated debts down?
For those who don’t yet understand the crypto financial system I must take a moment to carve out the path for Cosmos (ATOM.)
I am not a trader and I have never, nor will I ever give investment advice. I do not want to speculate or over-react to market conditions, I just want to plan a life worth living and I believe the BOTs will assist in that goal.
Traditional CEFI says if you have a need for a loan, you MUST go to a bank and apply and if you want to be a bank you must apply for a bank charter and be approved. It also defines the application process and, in my experience, limits lending to those who need money but allows low cost lending to those who don’t.
I’m attempting to flip my life upside down – similar to the prospectors who flocked to the west during the gold rush, I’m presented with an opportunity to potentially change my life (and that of my family) forever.
My intention for mining ETC wasn’t to make a fortune. It was a proof of concept, a test case.
I’m back from a wonderful trip to Maine – my family and I take this trip each year (except last year) but this year it was kinda special since I paid only about $60 for the whole thing… well kinda… I will explain, but first about the trip.
I use specialized computers that I call “miners” to calculate, confirm, approve, and record transactions in a coin’s ledger in exchange for a reward payable in the coin I mine. Mining rigs are measured in funny words like “hashes” or “sols” but this measure is basically a full cycle through the mining process.
I now have a datacenter with brand new internet which has a properly configured home built professionally supported firewall. This setup has custom open source software installed which has been properly tested by a professional open-source management company.
A quick update on mining, the datacenter, bots, and a few other happenings over the past two weeks.
My miner is hung and making crypto, time to turn back to the list: bots. I believe it’s a relatively safe investment to open a quoteless bot. I have taken a full year to test this thesis and in most all cases it has proven to be true. I go into this in greater detail here, but no matter the strategy I need to build a proper process to maximize the gains.
I got an electrician into my crypto mining den and began working on the finishing touches of the organization infrastructure elements.
Now that the structural parts of my datacenter are in place, it is time to solve the problem of electricity and internet because you can’t mine crypto without either.