August 2, 2022
Productive. That's probably how I will define myself each month. Well, having a lot on my plate makes me want to consume more even if I don't want to. But I guess, I have no choice, and neither do you. In sickness and in health, offline and online, we all are grinding, lol.
Apart from being productive, the crypto market in July was one of us too and we have seen how Bitcoin Cash regained its trend, pushing it upward. We are hoping that it will continue though and would cross over two hundred or more. But before it happens, let it dump first so I could buy back my BCH, lol.
Additionally, ever since HIVE has been added to my beehive, I keep my eyes on it too. And based on its graph we can say that it was too volatile in July. HIVE holders probably rejoiced when it almost reached a single dollar and HBD crossed over two dollars. Who took advantage of the high prices of HIVE and HBD?
I was hesitant to swap my HBD because the conversion rate was incorrect, so I opted to leave it in my wallet. Meanwhile, I was able to sell some HIVE. However, since I need to take part in Hive Power Up Day, it left me no choice but to buy back at the same price since HIVE wasn't going down, lol. Thus, I got no profit at all.
Again, the online side hustles that keep me productive each month include:
Blogging (read.cash, noise.cash & Hive)
Trading
DeFi Investing (SmartBCH & BSC)
DeFi Investing (SmartBCH & BSC)
SmartBCH seems to be recovering slowly, yet, tokens prices are still low compared to when I invested in it. In fact, 50-70% of my investment has not been recovered yet. A lot of DeFi investment platforms have launched, but only a few remained profitable. And for the month of July, BenSwap and BlockNG were only among those platforms that have added profits to my portfolio.
I was able to harvest 84.77 EBEN worth 0.0519 BCH and then compounded them right after. My investment in BlockNG, on the other hand, has accumulated 20.538 LAW worth 0.047 BCH and these two have a total of 0.1037 BCH or $13.60 profit since tokens' prices are still low. But this is better than getting nothing when they are sitting in my wallet the whole period.
Meanwhile, on Binance Smartchain, the CAKE I added to the CubFinance Kingdom CAKE pool has ended and it gave me a few worths of cents CUB. Along with the CUB profits I harvested from the CUB/BUSD farm pool, I added a total of 165.144 CUB or $4.16 profits to the CubFinance Kingdom CUB Auto Pool to accumulate more CUB.
I am still at a great loss in these two, CUB and CAKE since their prices drastically dropped after hitting their ATH last year and I haven't recovered my initial investments back yet. And since PancakeSwap pools have low APRs, I might just move my CAKE to Binance for trading to make up my losses rather than only getting a few cents from the pool.
Trading
Due to the volatility of the market, I was pushed to go back to trading to take advantage of it and recoup some of my losses. I recently posted here that I got a $108.83 profit in short trading some of my tokens, mostly BCH. After the second bull market, I was able to gain more profit again which was more than a hundred dollars. But since I didn't buy back the tokens yet, it will remain an unrealistic profit as of now.
I am planning to use some of my profit to buy back the HIVE I sold as the initial investment in Spot Trading, as I believe that HIVE is a good long-term investment.
Blogging (read.cash, noise.cash & Hive)
Lastly, a big percentage of my monthly portfolio always comes from blogging. Despite the decrease of tips here in readcash and on noisecash, I was still able to get more than one BCH due to its low price. And to consistently publish an article a day despite the busyness is always a great achievement.
Meanwhile, the rewards I got from Hive were unexpected and the profit this month was probably the highest one among the previous monthly income. Probably because of my travel blogs and the seldom visit of OCD to my post. Aside from the rewards in blogging, curation rewards and HBD earned interest are also included. They may be small but will grow when accumulated over time.
To sum up, the total amount I got in July's side hustles is $616.80 through blogging, trading, and DeFi investing.
Will the market going to be better this month? Let's hope for that.
Thanks for reading
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Congratulations to you for what you make in the month. More effort for more success.