"Stop Dipping My DeFi, You Dip Douche Canoe!"

#SatoshisSaturday: 2021-04-24

By LoonyLiberal | Dollars and Nonsense | 24 Apr 2021


DISCLAIMER 1:

The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st to shorten hyperlinks. I get a few cents when users click the links, and I get rewarded if users register using these links. However, my personal experiences with these sites have been beneficial enough that I can promote them without feeling like a shill.

I will gladly provide clean links upon request.

DISCLAIMER 2:

This article is not a "get rich quick" article. This refers to sites and strategies which I personally use. It is entirely possible that my actions and subscriptions could lead to financial loss. As such, constructive criticism and suggestions are always welcome.


This past week has been brutal. Even though I've spent a majority of my time offline due to exhaustion, I kept seeing headlines along the lines of "Crypto Markets Plummet!" when I log in. Even without the headlines, I saw the contents of my crypto wallet fall by 7% without any transactions.

Understandably, I'm bracing myself for an "Oof!" at the end of my financial breakdown... pun intended.


  1. Browse with Brave Browser

    It's not perfect, but it's perfectly acceptable. BAT's all, folks.

  2. Check Publish0x at least three times a day

    This is officially my version of "The check's in the mail." I'm surprised that my would-be opponents haven't rightfully called me out on this.

  3. Stake AWC with Atomic Wallet

    My staking has dropped down to roughly $0.10/day in AWC. One cent doesn't sound like much, but over the course of a year, it adds up to $3.65, which is more than enough to get a value meal at Burger King.

  4. Stake ALGO on Binance US

    Boy howdy, did my ALGO balance take a hit. I'm still up by 2%, but I still winced when I saw my balance.

  5. Build interest with BTC deposits on BlockFi

    This is where I really felt the sting of the crypto dip. On the bright side, my reduced balance still generates interest at a rate of $0.01/day.

  6. Build interest with USDT deposits on CoinLoan

    Aren't stablecoins great? No changes here, and my balance is earning roughly $0.03/day in USDT.

  7. Build interest on Cointiply

    One reason why I can't quit Cointiply is because Cointiply coins are a psuedo-stable coin. 100 Cointiply coins are always worth $0.01 in BTC regardless of the value of BTC, which makes the lows of the crypto roller coaster manageable.

    I still don't have enough to reach the $0.01/day interest threshold, but that will likely change by the end of May. I'm at roughly $0.068/week, but since I round down instead of rounding up, I just need to keep tapping the faucet daily to get the weekly interest.

  8. Purchase Socially-Responsible Investments on E*Trade

    It's not crypto, but my SRI portfolio has taken a hit. The overall value is nearly 5% lower than my initial investment. Since my current balance is the cost of a meal at a sit-down restaurant, that's not terrible. But any loss is not worth bragging rights.

  9. Use HashShiny to mine BTC, ETH, and DCR

    I'm just chillin' like a villain until March 2023. Until then, my actual income (what HashShiny reports multiplied by 0.44 to account for their "electricity fees") look like $1.21/day in BTC, $0.11/day in ETH, and $0.16/day in DCR.

  10. Shop online with Lolli

    I haven't been making online purchases recently. However, Soggy and I are talking about future plans, which include tech upgrades, home renovations, and overnight trips. When we reach those points, using Lolli to pay and plan will lead to more BTC rebates.

  11. Generate RLT with RollerCoin

    Rollercoin has announced many significant changes which may force me to re-evaluate my engagement with the site. One aspect that I did notice is that blocks have changed in frequency and value, which will likely render my previous calculations obsolete. When time allows, I'll reinvestigate and possibly post a follow-up blog post. In the meantime, I'll err on the side of not misleading my readers and remove it from the daily totals until my calculations reflect Rollercoin's updates.

To calculate my daily total, I'm being purposely pessimistic. I'm only counting income that is reasonably guaranteed. I'm excluding all investments until/unless I can demonstrate steady, provable, passive income greater than or equal to $0.01/day. For fractions of a US cent, I round down to the nearest whole cent.


Figures are based on values as of 2021-04-24 11:35am PST:

  • The price of 1 BTC was $.50,826.48
  • The price of 1 ETH was $2,285.63.
  • The price of 1 BNB was $510.23.
  • The price of 1 DCR was $178.07.
  • The price of 1 AWC was $2.12.
  • The price of 1 ALGO was $1.13.
  • The price of 1 AMPL was $1.10.
  • The price of 1 BAT was $1.07.
  • The price of 1 USDC was $1.00.
  • The price of 1 USDT was $1.00.
  • RollerCoin equated 1 RLT with 1 USDT.
  • The price of 1 DAI was $1.00.
  • The price of 1 LRC was $0.45.

Atomic Wallet
$0.10/day in AWC

BlockFi
$0.01/day in BTC

CoinLoan
$0.03/day in USDT

HashShiny
$1.21/day in BTC
$0.11/day in ETH
$0.16/day in DRC


This adds up to $1.61/day in reliable, passive income. That's an additional $587.65/year in reinvestment power.

Oof!

Admittedly, my low investment/purchases and a dollop of diversity helped blunt the blow of a harsh dip. I can understand how someone who owns 1 BTC or more would be understandable upset at losing tens of thousands of dollars since I'm a bit cranky about losing a few cents in daily income.

Over the next few months, I will likely place a low priority on external deposits. Now that I am in a physically and emotionally safe space, I need to prioritize my physical and mental health. I also want to be a good boyfriend and roommate to (NSFW) Soggy, which will involve contributing to household costs, maintenance, and -- most importantly -- date nights. We also need to upgrade our tech; a wi-fi signal booster is a must if I want to get our high-performance computer online on a reliable basis. Yes, I'm certain that I'll be able to spare the occasional $20 to buy some BNB (to convert to AWC and then stake), to buy some BTC (to deposit in Cointiply or BlockFi), or to expand my SRI portfolio on E*Trade. But the bottom line is that it's time for me to invest in my health, my hopes, my dreams, and my girlfriend. DeFi can definitely take a backseat for that.

(I will admit, though, that this leads to conversations that soundΒ downright hypocritical out-of-context. A few days ago, I tried to convince Soggy that downloading Creation Club content and high-quality mods forΒ Skyrim would qualify as anΒ investment. Also, I may end up posting a blog post in the future along the lines of "Here's a video of me as a gibbering mess after eating my first (NSFW) cannabis-infused edible.")

After all... tens of thousands of dollars of electronic currency would be great, but getting my life back on track and letting Soggy know how much she means to me will be priceless.

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LoonyLiberal
LoonyLiberal

I have 15 years of experience as a software tester. I've been writing off-and-on for 28 years. I adapt quickly to new technologies and new methodologies. And I believe that humor is the most important social skill.


Dollars and Nonsense
Dollars and Nonsense

Are you familiar with the phrase "funny money?" Finances are no laughing matter unless we make jokes about them. The purpose of this blog is to put a comedic slant on anything related to finances. Cryptocurrency, dollars, stocks, golden parachutes... if it goes ka-ching, I'll make it guffaw.

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