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Crypto #1 – My evolution and my strategy

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StatorCrime EN
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Warning: This is not an investment advice. We will never repeat it enough: Only invest the money you are willing to lose.

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Hello everyone.

Today I'm going to talk about my latest area of investing that you probably know about if you're on Hive, crypto-currencies.

My evolution

Although I started getting interested in crypto-currencies in late 2016/early 2017, I started investing in April 2020. To start, I invested €150 on Binance to buy BUSD. My initial strategy was to invest in locked savings with rates up to 8%/year on stablecoins. I then invested in ONE's blocked savings at 16%/year.

At the beginning of September 2020, I decided to invest on the automatic trading platform Kryll.io. So I bought 30€ of KRL, the crypto-currency of the site that allows to pay the creators of the trading strategies to use them and I chose the pairs LINK/BTC and COMP/BTC. It should be noted that I didn't know about LINK and COMP at the time and stupidly chose only based on the robot's past performance. I suffered 16.5% losses. Not knowing much about it at that time, I was quite confused. I stopped the COMP/BTC pair. Then afterwards, I stopped trading altogether.

At the end of 2020, I discovered DeFi (Decentralized Finance) and I bought $150 of CAKE at $0.345/CAKE or about 435 CAKE to put them on PancakeSwap then I sold a part (390 CAKE) to recover my investment when the price went up to $0.428. On January 1st 2021, the value of my Binance and PancakeSwap wallets was 804,77€. For those who are interested in the BSC (Binance Smart Chain), you probably know this but the CAKE has gone up to more than $40. It's sad but unfortunately I couldn't predict the future.

During this first half of 2021, I expanded my investments in DeFi with different pairs on Beefy and Autofarm. The value of my wallet has risen to over $17,000 and then dropped to about $7,000 due to the drop in prices in recent weeks. However, I'm still bullish on cryptos and I'm still accumulating them on Autofarm while waiting for a new price increase. Here is a list of the different crypto-currencies I hold:

  • 0,0025 BTC
  • 10,203 BNB
  • 224,63 CAKE
  • 0,14 ETH
  • 0,237 AUTO
  • 8,38 LINK
  • 237,20 BUSD
  • 7,05 DOT
  • 207,23 TWT
  • 50,47 USDT
  • 74,11 FRONT
  • 170,368 CHZ
  • 23,64 BAKE
  • 60,069 KRL
  • 1,407 ZEN
  • 0,081 ZEC
  • 23,783 DOGE
  • 242,371 ROSE
  • 941,132 TRX
  • 33,87 MATIC

And a little bit of TKO, TLM, ALICE, …

My goals for the future

I invest 50€ per month since my beginnings. I want to accumulate MATIC in the next few months to start DeFi on Polygon.

I have the Binance Card. I have never used it for the moment but I want to give back a part of my salary to accumulate BNB by taking advantage of cashback on my purchases.

I also take advantage of launchpool, launchpad to get new crypto-currencies, Dual Investment on BTC and locked savings for some cryptos.

I will write an article on cryptocurrencies every quarter so that you can follow the evolution of wallets regularly.

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That's all for today. Thanks for reading and have a nice day