Finally Back in The Swing of Things

Finally Back in The Swing of Things

By cryptojourney | crypto journey | 7 Jul 2020


I have to say even though I have been crazy busy with life and work as of late it seems it has finally calmed down enough to write again. To be honest, the last two months, in particular, have been a bit difficult to get much done outside of just working and sleeping. As you can imagine my crypto assets have taken a bit of hit with practically no time to take profits as I should have. This continues to be a bit of a barb in trading with extremely volatile scheduling at work which I do not see an end to any time soon. However, I do hope to spend more time writing again about more varied topics as I can.

During the last week or so I have made some major changes in how I am both holding my assets and how will be trading for the time being for ease and peace of mind. I ran through a few options of just how to deal with this issue to make use of my primary coins and/or token within my main portfolio. The first change was to take profits on my XRP, Stellar, and 0X still at Coinbase which went smoothly with a small profit too. Now, here is a bit of a misplay on my part, I used that profit to grab some Compound that was trending and it looked good at the time. I don't doubt the Compound will eventually go back up I just hope it is enough to break even after missing the sell-off or to make something off the failure as it were. I just hope for a happy ending to this and be able to move on with a better plan next time!

Over the next week, there will be major changes to my portfolio to help combat my limited time and to ensure that those assets that I am holding long work for me rather than just sit unutilized in either a wallet or exchange.  I am sure you guessed it easy enough to what that means. Yes, my first true foray into using DeFi as means for both any Etherium and Bitcoin. Seeing over the last eight days that it is working with the Etherium even with the small returns as of today I moved my Bitcoin and plan to move my USDC as well since the interest gain on it at Coinbase is downright dismal and that is being nice about it. I also have some other stable coins that I plan to move around for better interest than where they are currently. In essence, I am consolidating my assets to better take advantage of them while keeping others that I plan to use in a more manageable way. Seeing that the use of DeFi is of value I see myself using it more while I take some time to figure out a good plan for some actual trading as I have time. 

I probably will use Coinbase still since it is a platform that is easy to use, but I do not see staking coins with them as valuable anymore with better options elsewhere. I can see buying and selling with them on a limited basis for certain coins or easy conversion of some as needed. I am, however, looking at some other options that could be better in the long run for what I have in mind to do with my assets for the remainder of the year. Once I get things more ironed out I will definitely try and write about what that ultimately looks like and how it all plays out. In the meantime stay well and trade safe.

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crypto journey
crypto journey

This year I have started getting more into cryptocurrency than in years past. So I figured why not document my first real foray into the space now that I actually have some skin in the game.

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