My Crypto Earnings During November 21 - Low Cost Crypto Accumulation Strategy Blog


This is a summary of my crypto earning during November, along with simple analysis and then my plan for December. 

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The above table presents my monthly earnings, along with a short commentary on each item.  The overall total came to more than I expected at $52.75 - and I was surprised about the earnings from the Rising Star game in particular - for not a lot of effort at all. 

KuCoin Trading Bots

I only started trying the KuCoin Trading bots during November.   I'm using the spot grid bots, and although I bought into them just before the Bitcoin dip, they seem to be doing their job.  I have to say the guidance on the KuCoin website for how they work is not great and a bit misleading - and I dont trust the APRs they are quoting, so have calculated my own based on the number of arbitrages I can see, and the rough profit per arbitrage.   Just on the arbitrage profit alone I seem to be getting about 100% APR equivalent, averaging over the performance of the 7 bots I have running, which is better than any of the other staking or interest paying sites I use - so I'm happy at that. 

If you are thinking about trying them then I would recommend you read this trading bot guide as its the best one one I've found - and then maybe just try it with a small amount as I have, to see how it goes at first.   The bots are a long term tool, and I mean months.  I'm going to continue to monitor mine daily and will continue to invest in them in the short term.  I'll publish a dedicated article on those in the future to report on how they are doing generally.   

Rising Star

Rising Star is a game on the hive block chain that I found when reading about play-to-earn games on other posts here on PublishOx.  Its a musical based trading card game and its quite low on effort.  I have it open in a window on my personal computer during the day and I just need to click on it every now and again to start another mission.  I've only been playing it about 10 days and was quite surprised at the return I got, plus I enjoy playing it.  Based on other posts I've seen on it looks like its possible to earn decent amounts on it (ie, $5 per day).  It pays out in starbits, which you'd then have to exchange in hive but it all looks do-able.  I'll need to reinvest any earnings I have into other cards to increase my earning potential in the short term - but its fun so I'll keep trying. 

Plan for December

Based on the the earnings for Nov and the table above, my plan for December is as follows in priority order:

1 - KuCoin bots currently seem to be the best investment overall for me compared to other interest earning and staking sites I have used – I'll continue to add funds to them from my other generating sources, which will increase the income per arbitrage – need to make sure and put funds into the bots that have had the most number of arbitrages – in my case that is ALGO and LRC

2 - Continue to build up mining income to invest within existing KuCoin trading bots or to fund a new bot

3 - The hive platform seems to have a lot of potential for earning based on other posts I've read, so I need to investigate it further

4 - I quite enjoy playing Rising Star on Hive and was quite surprised at how much came out of it – so will continue to try it during Dec

5 - Will continue to keep an eye out for new offers on Coinbase learn and earn as they do come out regularish (ie, one or two monthly) and its low effort

6 - Will continue to try PublishOx as I quite like the platform although the effort is high and the earnings are low

7 - Might as well keep what little I have in Cake Defi – its doing something, and it seems a little complicated to withdraw due to the staking periods – so will just leave it long term and let in grow

8 - Although Mistplay is high effort, I’ll continue to use it during down time to help fund purchase of crypto – plus I like playing games anyway

9 - Will try Rollercoin for another month – seems to have potential but I’m not 100% convinced yet

10 - Will drop cryptobrewmaster if I cant solve the error message I’m getting and figure out how to trade cards in for CRB crypto

11 - Wont invest any more into my crypto mining computer for the moment

Links:

KuCoin Online crypto trading - with lots of trading functionality, offers and trading bots

etoro https://etoro.tw/3cnyeJs online crypto and stock trading

Nexo https://nexo.io/ref/d23jpvszkx?src=web-link earn great interest rates on the crypto you hodl with Nexo

Coinbase https://www.coinbase.com/join/JBVEN3 free crypto from their learn and earn function

CAKE DEFI https://app.cakedefi.com/ Referral code 877089 - Free $5 crypto and ~45 to 55% APY staking

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Hoosie
Hoosie

ETF, mutual fund and crypto trader - trying to accumulate crypto coin from freebies with very little financial input. My main investments are made in mutual funds and ETFs on the Fidelity International investment platform.


Crypto accumulation strategy on a budget
Crypto accumulation strategy on a budget

I'm trying to accumulate cryptocurrency for long term gain, but with limited upfront investment. In fact, I'm trying to gain as much of it as I can for free. This blog describes my journey.

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