When setting up the #111Months challenge to enable my early retirement, I have set up some target hold levels for Cryptocurrencies. However as time progresses new insights occur.
Where I originally started my crypto travel with $NANO and I still believe in this coin, my focus in time has shifted to TRON and with the current progress in Cardano also $ADA which was there in the beginning is back on my radar.
The graph below shows the 5 years targets, which I set for different coins by the beginning of this year.
As is visible here, I already modified the target for $XRP as I sold out a significant portion. Also visible is that $TRX already achieved the target and $ADA is getting very close.
The amount of $BTT and $BTC is climbing slowly but steadily by daily stacking and their target levels seem realistic.
All other coins for which there is a target are currently on the back burner and they will receive the proper focus when there is budget left after reaching the desired purchases for the ones in focus.
To the above clear, I have modified the targets for $TRX and $ADA significantly:
After an inspiring week, where the innovation center of one of our biggest customers was visited, where CITYUPTAKE is really stepping up the plate concerning compliance with SEC requirements and where Cardano is getting closer to the implementation of staking, I had a lot of inspiration to think about the future and the roadmap of Carpathian-Basin.
This resulted in updating the vision & goals section of the Carpathian-Basin website, and also in creating a first shot at a roadmap for the #111Month challenge.
My blogpost on Carpathian Basin explaining the crypto portfolio
My Crypto portfolio showcases the various crypto projects in which I am invested and in which I see the potential for wealth increase in the future.
The Blockchains I am invested in are the following:
For Crypto progress I am tracking the value of the following chains in details: TRX, XRP, BTT, NANO, ADA. The other projects’ bag is still to insignificant to be tracked in detail.
The portfolio profitability shows how much the value of the total hold of the coin is versus the money invested in the coin. It is visible that with the current values (November 4, 2019) only $TRX is in profit, while $BTT is not too far off. $NANO, which was the first Crypto I bought in March 2018, still has a far road to travel.
The graph above shows the value of the tracked Crypto portfolio (blue) versus the invested amount of USD (orange) and the resulting profitability of the portfolio (Red). Due to the fact that the vast majority of my crypto hold is TRX and that is the only coin in profitable status, the whole portfolio is profitable.
Within TRON blockchain, I have invested in several projects bringing passive income. The majority of the passive income is coming from CITYUPTAKE and WINK.
The daily passive income is continuously growing to a level of close to 20 USD per day. The average daily TRX rewards are close to 900 $TRX per day. This passive income is a key element on the #111Month challenge
Summary of the 10th months of the 111 months challenge
Due to the fact that the majority of the passive income is coming from the CITYUPTAKE returns, which value is directly connected with the value of $TRX, the passive income has decreased in October compared to September. First passive income was received from the Stock Holdings as well.
WINk and BOOM have become good passive income providers on the TRON blockchain as well and the revenues are used to increase the hold in WINk for long term income.
The amount of money in outstanding loans has decreased significantly versus the total amount of wealth and is now standing at 39% of wealth.
The Fitbit stock was sold with a 35% profit and part of that was used to increase the stake in passive dividend paying stock Altria and a portion was used to buy another speculative stock PG&E which had a recent big drop.
Tron recovered slightly and the vibe is very good with the cooperation with Samsung. This bodes well for the vast majority of my crypto holdings. BTC I keep stacking continuously by adding 0,0003 BTC to my stack each day independent of the price. CITYUPTAKE is giving me through its rewards at least 3k TRX tokens per week, which is slowly increasing the stack.
And as Cardano is getting closer to the possibility of staking and the Shelley net is to be launched soon, this is the next Crypto on which I will focus to build the stack.