A Slight Income Flow Adjustment
As discussed in previous editions, one of the most important aspects of creating Passive Crypto Income streams is to compound earnings. This can be accomplished through reinvestment or reallocation into new income generating projects. This is obviously only done in the beginning stages, as at some point you actually want to enjoy receiving your income. Many of my Passive Crypto Income streams are TRX or TRC20 based. Along with that comes staking, gambling sites, exchange tokens, DeFi protocols and earning interest.
Recently I made the decision to start allocating a portion of income back into BTC and ETH. In order for me to earn Passive Crypto Income I need to hold a significant amount of alts. I also have a number of DeFi and other alts in my portfolio that I am hodling for the medium-term. So it definitely looks like as far as alts go, I am reasonably well exposed. Where possible, I like to hold an alt that can appreciate in a bull run and earn passive income in the interim.
So where will I be storing my new allocations of BTC and ETH? Some will be earning interest and some will be sitting in my own wallets. I like to diversify and diversify and diversify. You get the picture! It is too risky to have too much allocated to any one platform, protocol or wallet.
Projects Creating BTC & ETH Income
Income streams such as Tewkenaire, Bankroll and dlive all pay out in TRX or TRC20 tokens, which can be swapped on JustSwap for a synthetic version of BTC which can be stored in any TRC20 wallet. Alternatively, I can sell these tokens for BTC and ETH.
I am currently earning daily BTC dividends on Betfury, which I am sending straight to my BlockFi account to earn 6% APY. Setting up an income stream on BetFury has proven to be a great move! Dividends flow into my account daily and the withdrawal fee is a mere 2500 sats on the slow option.
I am currently not earning any Passive Crypto Income in ETH but I am able to sell other rewards in order to gain Ethereum. I do not consider ETH earned on Publish0x as passive, although some do. I am wanting to store approximately 70% of the ETH earned in BlockFi as well. BlockFi continues to be my favorite interest bearing account due to reputation, solid partnerships and strong backing.
I will not be converting all earnings into BTC and ETH, as a portion will also be reinvested back into existing streams. Whenever I begin to focus too much on any one idea or platform, I have to remind myself to stay true to the strategy of diversification.
As soon as a system is working well, it is time to focus on something new because that system will continue on its own in the background. Early stages often require attention but once the flow is constant and significant, it is time to dive into the next idea and get it off the ground.
As always this is not investment advice, keep building!