Growing my Smart BCH portfolio by farming tokens instead of holding
04.01.2022
Nowadays I'm seeing bullishness of Smart BCH seeing top losers of my list performing nicely giving good returns and at sane time getting bored waiting for dip and can't take any decision in hurry or bad time coz
Mostly I've been doing mistakes buying a project when it's already high and i mean most of time when some strong projects are in dip I don't have any BCH remains in my portfolio coz i already buy things in hurry so not going to repeat this mistake don't know if I'm doing good or it's going to become my regret.
Anyways it's not main topic to discuss no trading for today isn't you guys get bored selling and buying multiple tokens a day from Smart BCH
If you're not getting bored than you're making tons of profit from it but wait if you're looking for something else than after seeing topic I'll explain my idea to grow portfolio with help of farming tokens on SmartBCH instead of holding them with no progress.
We don't really know when Smart BCH will explode it's possible to happen tomorrow or maybe while I'm writing this I'm seeing some real progress on twitter also vitalik spreading fud etc so this hype can take SmartBCH to next level at any time so I'm more focused on market and while selling or buying anything.
Growing portfolio by farming
I'm focusing to grow my portfolio there's many way do trade, buy NFTs or do gamble etc but I'm not risking anything staying on safe side no matter I'm making less profit it's still profit
I know this isn't possible to get rich in one day and I'm not gonna loss thinking of getting rich in one day so there's always a mindset behind every successful person and I'm learning from others who inspired me and working on my plans
In 2022 i started focusing on farming instead of holding tokens for months with no progress it's way much better to farm them with minimum risk.
APY in Smart BCH vs other chain
Last day i was doing some research on a project in BSC actually it was a deflationary token with different reflection like to buy we have to set slippage to 6% and to sell we have to double it to avoid instant dump
Not only this NFTs is upgradable and weekly dividends plus staking with lowest APY I've ever seen which is 20% and literally it was available only for a week meanwhile
In Smart BCH there's project with 100% APY and more than 3000% APR on farms so this was shocking for me and i realised how lucky we are.
Currently having more than %300Apr on a farm is almost existing on every single dex
From benswap to mistswap,tango, tropical, 1bch even muesliswap is offering quite nice Apr but I'm much obsessed with tropical and 1BCH dex.
My farms to grow portfolio
I was tracking my liquidity to total investment etc and seriously I'm not too good but currently I'm leaving my tokens in farms and forgetting them for rest of months.
Not investing too much in farms side only couple of bucks to let them grow peacefully
These are some pairs I'm farming nowadays
CLY-BCH (Tropical finance) 10489/0.05 paying 4% deposit fee
DAIQUIRI+Dao (tropical finance) 37.98/696620 with no additional fee
1BCH+RBCH (1BCH.com) 1000/66700no extra fee
DAIQUIRI+FLEXUSD (tropical finance) unknown with no fee
Focusing more on tropical finance coz of high Apr even after too much time and farms are really strong and promising projects like Cly,law,bpad as i said they know how to take big money in dex.
Farming pair of 1BCH with rBCH since 30 days
It's been more than 30 days since I'm farming 1BCH+rBCH in 1BCH dex right after a day of it's launch i bought 0.01BCH worth rBCH and started farming making a pair with 1BCH and 1000+66700 nearly 0.03BCH in farm
Prices got crashed and peoples was panic meanwhile i decided to buy more knowing that this dex is 1BCH and responding to community politely and they're working everyday to make it better unlike muesliswap so i found worth investing in it
And now it's rising again my farm was too low that time my 0.01bch turned into 0.005 or less but i kept my investment in farm letting my 1BCH and rBCH work for me instead of holding
In last 7days i farmed more than 21,000rbch and because it's price is rising value is increasing itself
In 30days farmed rBCH staked them in sprinkler to generate more rBCH and know if i sell them still a nice profit.
Farms on tropical finance
This dex is working brilliantly to be honest there progress in just a month is unbelievable they earned community trust and respect as well
Also I'm inspired seeing their strategy like they only listed farms/pool of projects having more than million $ market cap and more liquidity.
Just last night they added a new farm of CLY-BCH and because CLY was my favourite project i didn't took a second to jump in
Added more than 10,000 CLY and 0.05BCH but only thing doesn't make sense to me was paying additional 4% fee's but anyways it's their strategy to make money from dex
I didn't expected APR will drop too fast from 4000% to 1000% in just 15 minutes after tropical finance announcement also because of this farm CLY prices pumped high and now it's already at it's all time high.
Also already got 2.5daiquiri in less than a day is totally worth it.
Farming Daiquiri with Flexusd
Next is Daiquiri with flexusd coz i was making portfolio with stable coins and than i saw a farm so i put some of Daiquiri and flexusd in farms
More than 400% APR and 24x seems worth it and 1daiquiri after two day because invested too less in this farm but believe me it's been more than a month since harvesting so i might already took out my initial investment and still growing my portfolio with help of farms only.
Conclusions: Let your investment grow portfolio instead of holding
Holding require alot patience and sometimes it take more than 30 days to give you some profit. Let me give my own example i was holding Dao from so long actually about to complete 2nd month i bought it 2months back and from high it went down and waited so long if it rise back but no progress at all
Than tropical finance announced they added a new farm of dao so without wasting more time i simply added my Dao in farm to recover my loss
And it's been more than two weeks continuously making Daiquiri and also price of Dao has rised so i can sell now to take out investment without any loss but i still prefer letting them grow my portfolio.
This urge me to farm and grow my smartbch portfolio as well. I've been holding for a long time but I didn't see any progress 😅