DeFi Chronicles — Week 34/52 — Passive Income & Long-term Investments
Happy Sunday,
I need your help with something. There’s a box where you can leave your feedback, please let me know what other stuff you would like to see in this newsletter. Maybe news, more charting, tools, reviews, or anything that you think might help people out.
Now, here’s my recap for the week and everything I have been doing.
I’ve been following BTC and ETH chart very closely for the past 4 weeks, 1.5 weeks ago Bitcoin broke the ascending triangle, and now we are heading on a retest for the 19k.
What I am expecting is:
We retest the 19k and bounce off a little bit, then depending on the news out there we might test the 17.5k.
There are also chances that we might go even further, and retest the 14k (I hope not).
Ethereum
If it wasn’t for all the merge hype I think we would be down much further, but for now, we are under the $1,700 support and above the $1,260 support.
Same scenario as BTC. We are retesting the $1,400, if BTC goes continues to fall off then $1,260 we go.
Long term portfolio
I am still investing $10/day and accumulating as much as I can. Currently building that portfolio out of my daily passive income from Spring Game which is $12/day.
Currently down from all my position minus Matic. My goal so far is to take some profit on the next leg up to start increasing my stable coin position, but at the same time, I will continue adding $10/day.
I will not take profit and move it out of the portfolio. The final objective is to invest between 5–10k over a period of 2 years, and the next bull run (2024) starts cashing out.
If I play things right, between safer projects and mid-low caps I might be able to 10–20x the portfolio for a 100k profit.
Passive Income
I added another tree on Spring Game after hearing the AMAs and updates. So far it has been paying well.
I made a video reviewing the latest updates and my investment, check it out:
Compounded my 3$ from Vapor Nodes, and cashed out Grape Finance which is suddenly pushing back up in price.
This week’s passive income is $85, the majority coming from $SPRING.
Check the tweet, I added some links to discounts on the projects I am invested in.
Other projects like Pirates Nodes, Polar, and Ruby are not paying me enough to even bother tracking it this week.
Passive Income News
Make sure you check Red Light Nodes discord group because they finally launched the blockchain and the migration is coming soon. There will be a 3-day window to migrate and get your nodes on the new blockchain if you already had money invested previously.
Other interesting stuff
If you are finding yourself in the need of cash, check this article I wrote on How Loans On Binance works:
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I started looking at some alternative investments. Lofty.ai lets you invest in real estate properties from $50. And yes, you get dividends and you can also sell your title of ownership anytime you want.
Claim $25 when you use the link below
I will make a video on it after I am comfortable with all the features, but so far I am loving it.
Contact
DeFi and Crypto can be lonely places. Let’s be friends on Twitter @Defichronicles.
If there is any way that I can help you, feel free to send me an email at thedefichronicles@gmail.com
As always, thank you for reading,
Keep building the life you deserve. 🏗️
Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Always Do your own research before investing.
