Hello, I am extremely pleased to inform you that I have started investing on Harvest.Finance. On this occasion I would like to present you how it all looked like from the backstage and tell you about my plans for the future.
I have been looking at the Harvest.Finance project and the FARM cryptocurrency since it went live on Publish0x. Since then, I have been thinking about a long-term investment. I invested my first, so far modest money to see what it is all about. I bought ETH on the exchange, which went into my portfolio. I immediately decided to exchange them for FARM. It came out to about 0.67 FARM. Quite a large number for a start.
Unfortunately, it turned out that the prices for transactions are very high, which forced me to buy some ETH and wait a few hours for the transaction to go through the blockchain.
After approving a transaction that took over three hours, upon waking up I saw that my FARM tokens had started working. I was very happy because this was my first investment in staking. I really like the interfaces that Harvest.Finance offers because they are very clear and pleasing to the eye.
I will now tell you something about my investment plan. For this purpose, I will present you with the infographic below.
I have divided the plan into four phases.
- I am currently in phase one. I have deposited my first funds to keep the FARM token running. I will stay here longer, because I believe in the potential of this cryptocurrency and I think that it is worth recommending to everyone.
- Phase number two is the conversion of some of the FARM tokens already collected into stablecoins. I'm thinking here of Tether tokens, USD Coin and maybe DAI, among others. I will do this in order to diversify the funds for any accidents that we know can and have the right to happen. Spreading my money on stable resources will allow me to sleep more peacefully and give me a wider room for manoeuvre in the future.
- The third phase is very similar to the second phase. Here, however, I will also bet on other cryptocurrencies that are good to invest in at the time. In my mind I have WETH, adding some FARM, pairs such as ETH-DAI or ETH-USDT among others. Then when I fragment my assets into multiple tiers, I can profit from multiple sources.
- And the final, fourth phase is to take some of my assets out of circulation for several reasons. I may have another investment opportunity or simply want to monetise my activities. However, this phase I want to push back as much as possible.
And these are my plans for the near future on the Harvest.Finance platform. I will keep you informed about the upcoming investments or news, so I strongly encourage you to leave a folow on my blog and follow my activities with me.