May 2, 2022
April had passed so fast. The crypto market, on the other hand, had a roller coaster ride but mostly headed downwards in the past 30 days. I guess many have wished it's just a fool, but no, it isn't. The global crypto chart below shows how saddening the crypto market status was this month of April. All our portfolios probably are still bloody red up to this moment, and losses since the start of this year have not been recovered yet.
Last month of March, my earnings were small, yet big. Regardless of the amount, they were still blessings. And these different earning DeFi platforms are giving me passive income each month, allowing my crypto assets to work even when I'm sleeping, effortlessly.
Aside from my job in the real world, side-hustles online include:
Blogging
Crypto Trading
DeFi Gaming
DeFi Yield Farming (SmartBCH and BSC)
These are my ways of saving money for myself and the future.
CRYPTO TRADING
The current situation of the crypto market is not a suitable time to conduct trading as most tokens have dropped in price unless you are an expert in future trading. I was just lucky enough to hold $JOY tokens and took advantage when its price soared higher, which gave me a little joy and profit in trading. Through the profit in trading $JOY, I was able to buy a Joy bot which I staked on the Joystick Club staking platform, that earns a small percentage of $JOY each day and a small increase of rewards in playing the arcade game. My profit in trading this April holds 16.4% of my entire April Portfolio.
DEFI YIELD FARMING
Meanwhile, in the yield farming aspect, both SmartBCH and BSC platforms are giving me passive income. The new Polycub was added to the list and I was blessed with little tokens from its airdrop. I still have a pending Polycub from the airdrop that is claimable within 60 days from the time it was launched. Cub Finance, on the other hand, gave small profits in both Kingdom and Farm pools.
Upon checking the PancakeSwap pools, version 1 of Cake syrup pools has ended, and now using the new version. I opted to unstaked all my $CAKE but I was still undecided whether to stake it on the new version or just hold them for trading. But after checking other pools on the CubFi Kingdom, I saw a huge APY in the Cake pool, so I opted to put all my harvested $CAKE in the pool with 1644.81% APY.
Moreover, the SmartBCH DeFi was not performing that well this month as all platforms' tokens dropped badly. Among the eleven DeFi platforms where I invested my BCH, only five gave me a decent amount of profits. The highest percentage came from Benswap, followed by BlockNG, BCHPad, and small amounts of profits from Tropical Finance and Celery.
I decided not to harvest small profits from other pools as amounts were just too small and not profitable. I even think about pulling them out from pools and just selling them once prices go a little higher. I feel like some platforms are not worth staking in anymore, and no more chances to recover their tokens' prices. I just consider them losses of investments and accept the fact that I just wasted my precious BCH on them.
Nonetheless, my DeFi Yield Farm investments have 20.8% shares in my April portfolio.
DEFI GAMING
In my recent article Pegaxy: From Excitement to Disappointment, I declared this as a loss of investment as well because everything, from VIS price to game rewards, has dropped drastically and is not worth playing anymore. It did give a little amount of profit, but not enough to recoup my investment back.
However, the new GameFi on SmartBCH, Pandaland went live that added more profit to my portfolio. Unfortunately, its token's price dropped as well. But still better than the Pegaxy, for now.
Overall, the GameFi profit has 14.2% shares in my April Portfolio.
BLOGGING
Last, but not least, blogging has almost 50% shares in my April Portfolio, from platforms read.cash, noise.cash, and Hive. I am still lucky enough to get a whole BCH from the two BCH-Powered platforms despite the decrease in rewards. Probably, the decrease in BCH price helped me accumulate more. Meanwhile, Hive gave a decent amount of rewards. The amount decreased compared to the last month but is still better than nothing.
The 58.8% of my blogging earnings came from read.cash, 33% from Hive, and the remaining small percentage from noise.cash. Overall, blogging has 48.8% shares in my April Portfolio.
And here's the chart of all my crypto earnings this April. Surprisingly, it has a 17.63% increase from my March earnings.
It was unexpected as I thought I will only have a small profit this month because the market dropped drastically. My unstaked $CAKE and Pandaland rewards made up the losses I got from other investments.
Due to the recent events and unfavorable crypto market status, I'll be resetting my crypto assets management to mitigate the losses. And hopefully, new strategies would help compensate for my losses and recoup my initial investments.
Additionally, I am planning to give up the NFT Gaming and some Yield Farms as well to lessen the platforms I needed to monitor. The schedule at work will be more hectic from this month onwards, and I would probably have lesser screen time. Thus, monitoring my investments would be harder, even interactions on blogging platforms. Everything will be reset, to restore both my health and investment aspects, while continuing grinding, for my betterment.
Money matters, but health matters more. However, I will keep good DeFi farms and pools, and just like what FarmGirl said, "the farming must go on. That's the only way to go for now."
Always remember that, in this Cryptoverse "the deeper it falls, the higher it will soar." For valuable tokens, of course.
Thanks for stopping by.
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Blogging lang yung sa akin...yung sayo grabe hahahaha idol