Crypto Portfolio Daily Dose #18 - BIG CHANGE!
First off, if you noticed a huge drop in the portfolio. You're right, your eyes aren't fooling you. I decided not to wait and withdraw 0.003 BTC from the portfolio. That covers the cost of mining this month and the cost of the website. However, that isn't the big change the title of this post is referring to.
The big change is this. I converted everything into SCC. Well almost everything. I powered up HIVE with some of the earnings from posting and card rentals. The rest I bought SCC. Everything in my Stakecubes account that wasn't DASH, locked in a masternode, or the minimum to gain interest got converted into SCC. That includes all of the altcoins that wasn't listed in the portfolio.
Now I bet you're wondering "why would he take such a risk?". Let me tell you why, the plan is simple, we completely focus on one goal at a time. This will bring in a higher daily income. With a higher daily income, we reach our short term goals faster, which in turn we reach our long term goals faster. Are we taking a big risk doing so? Maybe.
Here's the short term plan. Every Sunday all coins in the stakecube account is converted into SCC, this includes BTC, LTC, and DOGE over the minimum requirement for interest payments. DASH we won't start converting into we reach 1 DASH. This shouldn't take long given we have a few different incomes for DASH; masternode payments, interest payments, and mining payments. Once we have reached 1 DASH, we will convert dash as well into SCC.
If you're wondering what happens after we reach 1,000 SCC. I start setup the masternode and we turn our focus onto dash. Everything gets converted to dash until we find another cheap coin worth collecting. If I can't find another masternode coin to believe in then we stay on our long term goal of 1000 DASH. The other goals like 1 BTC, 1 LTC, 1 ETH, 10k DOGE. All of that can wait until we reach the main goals.
This is a bold change I know. However, I believe this is the way to reaching the goals faster. Plus I won't stop working on TheCoinIncome.com the whole time. So the current goal for the site is 50k sats (or $5) daily. Whichever is greater at any given moment.
Current Goals
| FOCUS | GOAL | CURRENT |
|---|---|---|
| Short Term | 1,000 SCC | 144.61 SCC |
| Long Term | 1,000 DASH | 0.76 DASH |
| Website Ad Income | 0.0005 BTC Daily | 16 Sats Daily |
I think this new table makes everything much easier to read. Plus I could easily make it clear what the goals are. I thought about that last one a lot because there's no way I could count the affiliate income because I refer people to the same services in these posts as I do on the site. It just isn't a way to know where the referral came from.
Anyway, guys let me know what you think of the change.
Do you think its better to focus on a one goal at a time or a lot of goals at once?
