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Another #Club1BCH member has purchased a pega this afternoon. If not mistaken, five of us are owners now. Right now, I'm not quite in the mood as the floor price of pega has dropped this afternoon to 900 USDT and it has dropped further to 750 USDT the last I checked while writing this article. As you may have read, there was a server outage yesterday, so even though I bought it a day earlier, I hardly raced it until today.
Among the five of us, my pega is the priciest at 1010 USDT, not only in dollar terms but it is also not a good racer as others according to race statistics. The only saving grace is that San Lazarus is only a two-breed pega, which means that it can be bred one time more at a fairly low fee, compared to the 3 and 4-breed pegas.
At the current floor price, I could easily buy a cheaper pega, or pay my price and get a better pega.
Oh well, no matter it races well or not, like a husband, I am stuck with it for good or bad. Deep sigh.... my focus now is just to recoup my capital and then I can think of saving enough for another pega, this time a better racer since I will have time to browse through. And to progress further in my investment will be the breeding program, of course. The end goal is to create a passive income stream. The day will come when I no longer have to race pegas, but rent it out to someone else to race on a profit-sharing basis. I don't want to be a slave master by offering just 1 - 5% to the jockey.
So, with this focus in mind, I have set up an Excel sheet to track my earnings on a daily basis until the full capital has been recovered. As you can see, although my purchase price was 1010 USDT, my money out of pocket was only US$898 as the balance was dug from different accounts of crypto that had yet to be accounted for. So yeah, they were invested here, as though they never passed my hands.
In the early days when I just started to play Pegaxy, @infinity calculated for me that we need an average of 300 VIS daily to recover our capital within a month, provided that VIS price is at least 10c. When I first started playing, the price of VIS was only 4c. At this point, it is at 9c, higher, but also dropped from the recent 12 cents, due to a bloody market.
So, if the price drops below 10c, it means that a longer period of time is required to recover my initial investment. That would suck but unless the server goes kaput, I will recoup my capital eventually. Huhuhu
To speed up my journey, I am also racing a rented pega on a profit-sharing basis, with 27% winnings to me, the jockey. I am currently looking for two more rental pegas to fill up all three slots, and race all four pegas daily until my capital is back. Yes, I know I mentioned it multiple times already, but it just doesn't sit well with me that my pega is the priciest among all my peers.
You can tell from the way I'm tracking my pega earnings. I have never been this diligent before to track earnings from other income streams, especially those that are under the radar of the taxman! Wish me luck, I really need it.