I dont wish to make the same mistake in the in 2017. See huge growht and then..hold it til its over! 

 

I am seeking advise to see what I missed! 

This is what I have in mind, feel free to comment! Things are changing too fast in crypto, hard to keep up.

But here are my findings and assumptions:

Goals: Passive income of $x000/mth

1.Accumulate BTC and ETH

Bitcoin has the highest potential to have capital gain and can be used in DeFi for interest. However, its price can fall by 40% within a day. 

Blockfi is 8.6%.

2. Sell to get stable coins 

Dai has an average interest of about 8% and its stable peg to USD. 

USDC is regulated and has growing fast.also have relatively higher interest.

So, my strategy is to sell crypto and keep accumulation of 30% in Dai or USDC in batches by selling BTC and Eth at a level that I am comfortable with. This way, when price drop, I can have the option to buy more and when price increase I can sell more. 

3. Invest in Mastnodes, for me I choice Midas cos its bring me ok return of $200 per month. 

There may be big upside if it continus to grow esp to have more indexes and staking of Eth. 

It also has by far the highest interest for BTC at 16% but that is if your are on Diamond Tier. 

A possible Exit Plan is

Say 2023    1. BTC hits 100k = sell x0% (does this brings money to sustain for 1-2 yrs)

       2024   2. BTC hits 250k = sell x0% ( does this bring money to sustain for 6 yrs)

       2030   3. BTC hits 1million = sells x0% ( Is there passive income to hit my goal say at 4%. 

4. Stake Eth, since it has the largest usage in DeFi and staking is on the way. 
Some say Eth is undervalue and will 10x in the next few years.

So, if Eth really 10x to 4500, apparently, staking may bring a return between 6% to 12%. Lets use 6% x 32 eth x 4500 =. $8,640/yr

I think its a decent amount. 

cos Eth is 450 x 32 = $14,400

If you invest 14,400 and receive $8640 in a few years time yearly, the ROI is 60% per annum.

Let say to get 50,000/yr in 5 to 10 years time and BTC hits a million with 4% interest. 

You need to have 4btc x 1m x 0.04 = 160,000/yr 

With a current investment of 4x16000 = $64,000

ROI : 2.5x per year!

So, the key is to have enough to sustain or to stake or loan and use the crypto amount to wait till BTC really hits 1million. 

5. Buy a little of some alts that my chainlink,snx, switcheo etc..Feel free to share with me more! 

The aim is to sell them to accumulate BTC or Eth!

6. I tried a few DeFi platforms, all the interest drop so much. 

Look forward to more comments! 

Karen