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(Challenge Update) - Always has been ETH.

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empoderat
@empoderat
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Ok, I know that I posted this morning but whatever, I'm revamping again my challenge.

I'm sorry, because I can't get rid of my shitcoinery, But I almost 'knew' that 40K$ for BTC was a local top and I just can't sit there seeing my BTC holdings bleed and do nothing while I see the 'alt season year' unleash in front of my eyes.

I can't, sorry.

I'm getting rid of another of my auto-imposed norms; 'Hodl BTC at whatever price', from now on this will be a 'Trading Challenge'.

I'll keep doing what I was already doing with the BSC pools, and I'll do my best to avoid touching the principal unless I see it as strictly necessary (as I'm seeing it right now). I'll keep adding funds periodically as I've been doing until now.

Excel stays now as follows, I added this section at the footer, I'll flip again into BTC when my gut tells me to do it.

Regarding Venus, I've returned all the the BUSD borrowed (required to cashout BTC) and for now I'm 100% into the VAI staking pool for a 30% APY.

I'm going to keep it simple for a few days until I get used to how the collateralization numbers move around.

Overall summary:

ETH has a higher supply ratio, so even borrowing 500$ less I'm able to almost keep that ~3$ in daily earnings. And with the 100% of the borrowing position into a stablecoin. Feeling satisfied with that for now.

Keep in mind that, unlike BTC, ETH isn't that 'stable' and for that reason there's not a big point borrowing BUSD to buy BNB. Rules change if your 'main' is into ETH.

Anyway, this isn't what matters in the end.

Wake me up when BTC.D tops

Yes, seems that's happening.

Bitcoin is stabilizing between 30-40K$ now and while it cools off some money will flow into altcoins. The first one to benefit will be, obviously, ETH.

Pay attention, because next weeks could be a firework party and some alts started to shoot up already. We still have ground until the previous summer lows.

Not to mention if it goes lower.

Soon© we'll know. Pay attention because just being there now could be lifechanging.

Thanks for reading me. Fingers crossed.

You can follow me on Twitter

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