We're crashing hard this week, huh? I think at this point everyone should be aware of the brutal LUNA/UST wipeout, more on that a bit below. Now, let's see how the journey's progressing.
This is the week 39 update with the stats from 11-05-2022.
You can find previous weeks here:
Week 1 - Week 2 - Week 3 - Week 4 - Week 5 - Week 6 - Week 7 - Week 8 - Week 9 - Week 10 - Week 11 - Week 12 - Week 13 - Week 14 - Week 15 - Week 16 - Week 17 - Week 18 - Week 19 - Week 20 - Week 21 - Week 22 - Week 23 - Week 24 - Week 25 - Week 26 - Week 27 - Week 28 - Week 29 - Week 30 - Week 31-37 - Week 38 -
Week 39 crypto earnings:
Crypto in USD: ~$10.88
Crypto breakdown:
Let's talk a bit about LUNA/UST situation first, okay? As you might already know, LUNA was valued at around $120 before the crash, and UST was supposed to be stablecoin pegged to LUNA, valued at $1. Well, the mechanism that was keeping these 2 alive failed which led to UST dropping down to $0.05 and LUNA falling all the way to $0.0000009. Many people lost crazy amounts of money due to this, and the trust stablecoins had is essentially gone at the moment. I know this might be a tough pill to swallow, but blaming LUNA or UST for you losing your money is questionable, the same as asking for refunds is pretty backwards. There are no refunds in crypto, and I think many weren't ready to accept that. Too many people gambled with their life savings, putting their trust in a random crypto project backed by thin air, basically. Greed is a tough thing to deal with, and I believe many got overtaken by that. I feel sorry for all the people that lost money, it really sucks no matter how much was on the line for every individual. I hope for a speedy recovery of funds for them all. This incident really strengthens rule #1 of investing for me; never invest more than you can afford to lose. I was never in either of these cryptos before, but now due to this incident, I ended up buying 12000 LUNA for about $1.50 in Quickswap out of curiosity. I don't know if it will ever recover (likely not), however as long as LUNA stays above $0.00013 I'm on plus. If not, at least the worst I'm losing is $1.50, which is a risk I'm willing to accept.
BTC took a pretty big hit as well, reaching just below $30k this week. This isn't a cause for concern, it'll recover as it always does. I believe so anyway. I didn't end up buying more BTC at this time, however, it really is a great time to be buying still. I made it with my PNY, LTC and RDD goals, and it feels good to be back on track once more. Ai.Marketing is progressing well with their recovery still, now they've even given an estimate when the withdraws will be opened again (June-July if nothing else goes wrong). I want to start building up on LTC again, I want to focus on reaching that 1 LTC asap.
The week's non-crypto earnings:
- Arc.io: $2.253
- BeerMoneyForum: $0.05
- Earnapp: $0.54
Non-crypto = ~$2.84
Week 39 total earnings: ~$13.72
Crypto Idle Miner update: I'm still stuck in Diamond league div. 17 this week. My current HORA balance is around 21000.
Rollercoin update: The payback is at 18.9% now. I think I've done well this week, my level is getting higher each day. I'm still quite far from the 400 RLT price but at least I feel like I've done all I can at the moment.
CMC for the week 39 crypto (doesn't include DUTCHY)
As well as the portfolio allocation
The next week's goals I want to set up are:
- Reach 0.23 LTC
- Reach 1500 BFG
The long-term goals I have:
- Reach 0.20 BTC ⟹ 11.9% done
- Reach 1 LTC ⟹ 22.5% done
- Reach 10 mil DUTCHY ⟹ 14.6% done
- Reach 2500 FUN ⟹ 62.8% done
- Reach 2100 BFG ⟹ 70.6% done
- Reach 5000 RDD ⟹ 35.7% done
- Reach 1 DASH ⟹ 5.6% done
- Reach 200 BSW ⟹ 9.2% done
- Reach 1000 SPACE ⟹ 15.1% done
Achieved:
- 100 SPACE - Reached on 26-01-2022
Progress to 10 000$:
15% reached
With $15 a week, reaching $10k from here would take:
567 weeks or 10 years and 46 weeks
Some time ago I made a post listing all the current websites I use, which is updated to reflect the current situation. If you're curious, you can check them out HERE!
Annnd... the total decreases again. This is fine. I hope you enjoyed this week's post, see you next week!
