October 2022 - my crypto journey

Wednesday, 1st of November 2022

Happy belated Halloween loevly people. For once I have managed to write my monthly report just as the new month is starting. Right after publishing it, I am getting dressed and driving my parents for a nice trip into Polish mountains. Later I might also visit some graves.

It feels like I have been much more active with my side hustles in October. Whether my wallet reflects the extra work or not, I am actually not sure. Let's have a look at at it together and I will also compare it with my previous month.

My followers in various platforms

I closed September at 306 followers in read.cash. It was around 10 increase from the month before, although I haven't traced it that closely to be sure. As I write this post I have 318, which is 12 new followers for the month of October. Not bad, considering how quiet read.cash has been during these bear months.

In noise.cash my current count is 2385. I am surprised at even this small increase from 2379 from last month. Noise.cash has been super quiet ever since noise app was released. I still try to post there daily despite barely any views or like on my posts. I will continue to do so for as long as the website is still alive.

Noise app has been a super star for the month of October. More and more people are migrating to the new app and my follower count is increasing by a few every single day. I closed September at 111. As I check my profile today, I see 244 people have decided that my content is worth following. That's a nice increase of 133 in October. Ignore the number on the screenshot below - I took it today, so it already has extra 2 for November ;)

October 2022 also marks the beginning of a new journey. Although I created my Hive account back in July 2021, I never posted anything there. Last week I finally took some time to explore the platform and wrote my introduction post on Hive. In 3 days of posting my first article I have gained 18 followers. Technically it should be 14, because I think I already had 4 before I posted the intro.

My October earnings across platforms

In read.cash I published 7 articles last month. That is 1 less than in September. I guess it feels like I wrote more, because I have 2 drafts ready to publish and 3 half written ones. I don't usually set myself a target for the amount of articles to post, but to spice things up, I will be aiming for a minimum of 10 articles in November.

The total for my 7 articles came to barely 0.100 BCH. That is a huge drop from 0.312BCH in September. Despite more engagement my October here was probably the skinnies yet, considering that I wrote on average every 4th day. I'm not sure if I was especially lavish with my t!pping and sponsorships or was Rusty a bit stingy with his t!ps, but the result of my efforts is tiny. Still, it's 0.1BCH extra that I wouldn't have had I not been writing at all.

In noise.cash the earnings were not great either, but this I'm sure is the case for everyone, as there are no more free t!ps for anyone. I closed October with 0.0144BCH and I am pretty sure that this will be my last earning here. This comes to exactly half of what I earned in noise.cash in September.

New noise app comes to save the day. Across all 3 platforms noise app had the biggest income for me - 0.127BCH. During my 1.5 years in dot platforms I have seen this happening a lot. One month the best earnings are in read.cash, another time in noise.cash. Depending on the updates in both sites the earnings change too. I am guessing that the focus is now on new noise app, hence why the earnings dropped elsewhere. Still, I continue to be active on all 3 and I love to see the changes and updates, as it shows the growth, even in those challenging bear times.

Weirdly enough as I tried to send my earnings to the seperate wallet, I noticed the 'Send all' function is not available anymore and I was only able to send $14.40 out of $14.99 that I have available. Anyone knows what's occuring? The fee as you can see is only $0.04, so I'm not sure why it wouldn't allow me to send more.

Although I managed to post 2 articles on Hive in October, I will not include the earnings in this report, because the rewards for them have not yet been sent to my wallet. I will most likely include them in my next summary for November 2022. Check out my second article on Hive HERE. I explained again about how Ernesto came to life for those who missed his birth last year.

The total for the month of October for content creation came to 0.242 BCH or around $28. That's 0.1 BCH drop from 0.342 BCH in September. Of course I am always grateful for anything I get to earn extra from my side hustles. I have never withdrew any of my crypto earnings, so for me the $ value of what I'm earning is purely informational for the time of writing. 0.242 BCH is is still exactly that - 0.242 BCH. I'll let a chunk of my BCH sit pretty on Binance, earning 8% APR, as well as on BlockNG, earning 94-149% in beam. That leads me to the next part of my earnings.

Trading and DeFi

BCH goes up and down in price pretty much on a weekly basis these days, but % of up or down is not exatcly inviting me to do a lot of trading. Yes, I could jump on every $1 profit and accumulate more and more, but I simply don't have enough hours in a day to do such frequent trading. Instead I purchased more BCH with FIAT as a part of my weekly investment plan and I let it earn passive income in Binance.

My staked BCH on Binance is bringing me 0.00021925 BCH every day. That's 0.00679675 BCH for the month of October. It might not be a huge amount, but if you consider that it is half of what I earned in the whole of October by posting on noise.cash it is actually great, because it is the true passive income. It is the money I earn by doing absolutely nothing and I earn it even while I sleep. It is exactly the kind of income that @Princessbusayo talked about in her recent article on Hive.

I will add the 0.0068BCH interest from October to my round 1 BCH already staked and enjoy compound interests. Of course I don't want ALL my precious BCH to sit in one basket. It is earning me income on various platforms and with various results.

This month I have tested staking my BCH on BlockNG, but the result of that was simply too small. Why settle for 2.35% interest from my BCH, when I can enjoy 95.5% for LawUSD/bcUSDT LP or 149% for Law/LawUSD LP? To achieved this, I haven't sold my BCH and I am not loosing the possible profit from the price increase. I PAWNed it instead. APR to be paid for this is only 3%, while I'm earning much more from providing LP. I will write more about how I did this in another article, as it is a bit of a complex explanation.

For now I will share my income for this that I collected in October. It's not a full month worth, but I gained:

• 16.2 LAW for my lawUSD-bcUSDT@LAWSWAP LP (+0.8 LAW referral reward),

• 28.0 LAW for my lawUSD-LAW@LAWSWAP (+1.4 LAW referral reward),

• 31.5 LAW for my 7 staked LawPunks (this was more, as I harvested some to create bigger LP)

The total LAW that I earned excudes the LAW I spent on LP, but it came to 77.9 LAW or equivalent to 0.125 BCH or $19.95 in the current price of LAW. To give you a bit of perspective guys. By the ned of November I will earn more than $50 from all my BlockNG hustles and this will be more than enough to pay off my $35 lawUSD loan against my pawned 0.5 BCH. From December 2022 all I will earn on those 2 LP's will be a pure, juicy profit and my 0.5 BCH will be back in my wallet.

This is how the true passive income works. Let the money work for you guys! Think about it... I have posted every day on new noise app to earn exactly the same amount that my money on BlockNG is earning for me while I sleep ;)

The total for all that I have mentioned above is 0.375 BCH for the month of October.

There are more pennies earned from other various investments of mine, but you know me - I'm too lazy or too busy to track all my income. Maybe one day I'll have more discipline for this, but that day is not today!

Until next time 💙