read.cash Log in
@francis105d1 more from that month

What will be my next SmartBCH investment?

I am trying to reinvest my LP farming daily payout into other assets to see if I can multiply my earnings or improve the return rate I am already getting. Pretty much I am being a pig and know that I have an income I want more; that will be the short and simple explanation, but if you are interested in learning what I will be doing with my own money, please, by all means, continue reading5. My LP farming is paying me a daily payout of around $30 to $50 at current Mist prices, and I decided to cash out 10% of the initial investment value, which was $700. Now I have some impermanent losses, and I will have them as long as the price goes up or down, I will incur in IL. I started with 6.04 BCH and 360,000 MIST, so my farm is losing some Mist and has gained some BCH. If we discount what I already cash out and what I hold on xMist, I should be even, at least on unrealized gains. I will drop a screenshot of my farm to judge for yourself if I have some impermanent losses or not.

Now I am getting around 2000 to 3000 Mist every day, and I am looking for a way to invest that money to multiply my capital. I was looking into other projects like Tango, Eben, Law, and many others, but I decided against buying them because I wouldn't say I like our projects. By to way, I am using marketcap.cash to check for tokens and their prices. From time to time, I also look into chartpro.benswap.cash as well. I should mention that I don't like to participate in presales either, and tokens that do presale I never buy even after the presale event or if a price drops below the presale price tag. Presales are just not my thing. Since I can't decide on any SmartBCH project because I don't see any token that attracts my attention, I will create another farm this time with the FlexUSD and Mist pairs. I will use the funds I collect from noise and read cash to sell them for FlexUSD and take a small amount from my daily payout on MIst to complete the other half of my farm. I won't be staking my daily payout anymore; I will be putting the same amount of money I get from tips into a farm. I will accomplish this by slowly building up a farm from my prizes and payout, and I will have plenty of Mist because I won't use all of my funds. I can only get up to $10 a day from noise and read, so that means my farm interest is enough to provide the other half. I am a terrible saver, and it is tough for me to save money, so this way, I will accumulate some cash that I can use later to buy something else if the opportunity presents itself; otherwise, I will be saving the effort that I put on writing and gaining some extra rewards from it as well. Pretty much, I will convert the BCH I get into FlexUSD, and I will provide the other half from my farming rewards. This will be saving on top of savings because I am also collecting some Mist to upset the IL at some point and get even so that my LP farming makes sense and pays for itself.

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.