Crypto market cap over time

With the mini-bull run behind us, I thought it would be nice to check how the Coinmarket cap developed over time.

Coinmarketcap over time

The table above shows how the top 20 has changed significantly from 2017 (Jan 16) to 2018. However in the following years there was less of a shake up. Clearly the market cap has been severely impacted by the 2017 end of year bull run. In the following bear market the ranking has stayed relatively stable. To my surprise there are still quite some Forks in the top 20 and I would expect the majority of them to drop our during the next bull run, as I would hope that utility will become more important than the name of the project.

However the top 3 of the Coinmarket Cap seems unshakeable.

This exercise led me to investigate the coins in the top 20 a little bit more in detail and I finally checked out LEO, as it has always intrigued me, what is it and why is it in the top 20? I will add some more words to that at the end of this article.

So what happened with the projects vanishing from the top 20?

What happened with the top 20 drop outs?

The projects dropped out in the recent years have been able to keep a position in the top 50 with the exception of ICON. But among the projects, which were shaken out after 2017 there is a bigger variation to see. Clearly a lot of them have been overtaking by newer projects with superior technology.

What is Unus Sed Leo (LEO)?*


“Unus Sed Leo (LEO) is an exchange token that was launched on May 22 by iFinex, the parent company of Bitfinex, Ethfinex, and Tether. The LEO token is an exchange utility token for current and future iFinex trading platforms and services.

It was launched to the public following a private sale raising $1 billion. During this private sale, the purchase price of Unus Sed Leo (LEO) was 1 USDT for 1 LEO and the total supply of 1,000,000,000 (1 billion) LEO tokens were sold.

Why Did iFinex Launch an Exchange Utility Token?
Cryptocurrency exchanges issue their own exchange tokens for a variety of reasons; to attract more users, to benefit existing users, and to generate more profits. iFinex is no different.

However, the primary reason they issued the LEO token when they did is because in 2018, Bitfinex’s payment processor, Crypto Capital, was subject to a partial government seizure equating to $850 million of Bitfinex’s funds. Bitfinex is actively working to expedite the return of these funds but there is no certainty they will be able to recover them.

Therefore, to alleviate this cash shortfall, iFinex conducted a private offering of $1 billion for its Unus Sed Leo token.

If Bitfinex is successful in recovering the $850 million funds from Crypto Capital, they stated that an amount equal to 95% of the recovered funds will be used to repurchase outstanding tokens and then burn them. As well, Bitfinex will also use 80% of recovered funds from a 2016 hack to repurchase and burn Unus Sed Leo tokens.

The repurchasing and burning of LEO tokens from recovered funds will reduce the token’s total supply and drive the price up through time.”

*Source of this info: https://www.publish0x.com/unus-sed-leo/everything-you-need-know-about-ifinexs-unus-sed-leo-leo-cryp-xlydqj

Second phase of passive income.

After setting up the CITYUPTAKE passive income stream in 2019. In 2020 I want to add:

  • Cardano blockchain based passive income
  • COTI blockchain based passive income
  • Passive income through Pynk

CARDANO

For Cardano I joined the Shelley testnet and although majority of ADA is used to boost the CITYUPTAKE Trade Desk, still a portion is used to receive staking rewards. Waiting for projects like CITYUPTAKE to emerge for serious passive income.

COTI

For COTI, first staking pool participation has begun, now I am saving to have enough COTI to start my own active node.

Pynk

For Pynk I finally accumulated enough community points to be converted into Pynk shares.

For that I had to predict and invest time for 5 months:

I made 148 predictions and 42 forecasts.

Anybody interested in exploring Pynk please use this link: link

#111Months November 2019

11 months have passed from the #111Months challenge. Time for a review #passiveincome #ada #cardano #TRON #earlyretirement

#111/11

Summary of the 11th month of the 111 month challenge.

100 Month to go..

11 Month have passed, 100 more to go. What started as a general idea to retire at the age of 55, slowly transformed in a real plan with the following elements worked out

  • Defined a target crypto portfolio;
  • Established 2 participations, generating work and income after retirement;
  • Started to work on community involvement;
  • Defined a roadmap with milestones to reach the final goal.

Summary

#111/11 Scorecard

Both passive income and liquid wealth targets are ahead of schedule, although wealth didn’t show a significant growth.

Passive income

My position in all passive income generating entities is continuously increasing. Both in Crypto: CITYUPTAKE, CITY Alpha, WINk and in conventional shares: Unicum, AbbVie and Altria.

CITYUPTAKE has initiated being KYC and Tax compliant, which decreased the paid out amount of income but prevents future offsetting through local taxation. As the amount of CITYUPTAKE held increased, also the weekly rewards are increasing. CITY Alpha delivered a record return, which offset the low value of $TRX completely. Returns in WINk are low, but accumulation is ongoing for future rewards.

The trading profits in shares have been used to increase the position in AbbVie and Altria.

With all of this, passive income is now at 11% of the final target, supporting a quicker accumulation, creating a boomerang effect.

Staking in Cardano (ADA) will start delivering some additional regular rewards

Loans

Loans still make up 39% of total wealth and are continuously decreasing. In 4 months time one of the mortgages will expire, which will create additional free income, to speed up repayments of debt for the future

Stocks

Again during the month of November two stock flips could happen creating profit too increase the hold of AbbVie and Altria.

Crypto

A position of more than 30k $ADA was build up to be ready for testnet and participate in the Cardano staking which will start in the first half of December. After snapshot a part was converted into CITYUPTAKE to increase weekly rewards.

When $BTC was at a level of $7200, the size of the $BTC bag was increased as well. Besides that daily 0.0025 BTC is purchased to build a strong position.

For the near future, $BTT is cheap and accumulation will be expedited also $ADA will be in focus to build up again as I have high expectation on $ADA performance in the second half of 2020. Also BTFS will do some magic for $BTT.

Once all targets below are achieved, focus will shift from Crypto to regular stock market, but before doing so a major correction of stock market has to happen first.

Crypto targets.

100 Months to go….

Crypto portfolio tracking

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.

Crypto projects.

The Blockchains I am invested in are the following:

  • TRON
  • CARDANO
  • BITTORRENT
  • RIPPLE
  • BITCOIN
  • NANO
  • WAVES
  • WANCHAIN
  • GULDEN

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.

Portfolio profitability of tracked projects

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.

Profitability of Crypto investments

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.

Passive income on TRON blockchain.

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

Continuous decision

With investment emotion is a big factor. It is important to be honest to yourself. Are you an emotional person when it comes to investments? Are you quick to be drawn into a FOMO? Are you likely to have a panic sell when prices drop? Have you done impulse purchases in the past?

When your answer is yes to most of the above, it is best to steer away from the temptation of emotion impacted investment.

I have done so by locking most of my investments and making them difficult to touch. Instead of trading, I put a significant part of my holdings in the hands of transparent and compliant professional traders like CITYUPTAKE and soon also accompanied by PYNK. These are taking care of my funds while generating a nice passive income. With that passive income, I can choose to re-invest or to use it for more risky investments.

Besides CITYUPTAKE and PYNK also nice opportunities are opening up at Cardano, which is soon to be ready for staking as well.

So the monthly decision is now, what to do with my investable money? Crypto or stock? CITYUPTAKE or PYNK?

In the end I know that as long as I am not trying to trade myself, the return on my investment will be good whatever decision I take.

Pynk

On the lookout for new ways to build #passiveincome in order to fund my #earlyretirement, I came across Pynk.

pynk

Pynk is still a Beta version of an investment platform. Their platform is looking for two type of investors:

  1. Time investors
  2. Cash investors

Time investors

The time investors can invest their time into the platform to make predictions on the value of Bitcoin or they can do a forecast on different type of commodities.

By participating in the platform you can get crowd points, which you can use a collateral for earning wisdom point. For logging in you receive points, for answering forecasting question you receive points, but once you forget to log in for a day some points are deducted.

Pynk2

The accuracy of your daily prediction will than define the exchange ratio of your crowd points into wisdom points. The more points you bet and the closer your prediction is to the reality the more wisdom points you earn.

Than once per quarter your wisdom points are converted to Pynk points, which serve as shares in the Pynk investment fund and with that you will get your share in the profits from the Pynk investment fund.

Pynk3

If you can achieve a top 20 result at the end of the month, you can get an additional USDC reward.

The data provided by the time investors are fueling the artificial intelligence, which is a big part of the trade input process.

Cash investors

Soon you will also be able to purchase Pynk points to fund the investment portfolio and to have Pynk to work with your money to earn more. Of course a portion of this profit will be shared with the “time investors”

At this moment I am a “time investor” but as soon as it is possible I will become a cash investor as well with the purpose to achieve my #111Months challenge an retire at the age of 55!

Telegram

Pynk has a very lively community on Telegram and is worthwhile to bring the Telegram page a visit for more info and for becoming a part of this very supportive community

If you appreciate this blog, please use my referral to join Pynk:
https://beta.pynk.io/r/Carapthian

#111 Months

In January, I started the #111Months program, to try to be in a position for early retirement in 111 Months.

111 Months

After 5 months I have achieved a blended 4,3% of the final target (helped by the small surge in value of crypto-currency.

The goal is to acquire enough wealth combined with Passive income to be able to retire at the age of 55 (111 months from start) and be able to survive by means of passive income, without eating up the wealth.

The approach is:

  • Pay back existing loans, decreasing negative wealth and having more spendable income to build up wealth.
  • Maintain position in Brewdog shares
  • Maintain and slightly increase position in Crypto
  • Reinvest weekly CITYUPTAKE rewards to increase further passive income
  • Build a position in dividend paying shares.

Besides being able to retire after 111 months, the ambition is to have a solid social media presence by that time as well, so I can retire in my home office and can do investment management, while engaging in the crypto social media. The two chosen channels are:

  • Twitter
  • FriendsterIO

Twitter has been chosen because of the historical Crypto engagement. Current amount of followers is just above 100, the target is to have 500 by the end of the #111Months project.

FriendsterIO has been chosen as I believe this is the future of social media. A young fresh new social media site, with integrated Crypto functionality. Non censored and decentralized. The target is to have 1.000 followers by the end of the #111Months project.

Friendster top post

On way to get more engagement on Friendster is by starting the weekly “Castles of Carapthian” game, which his hit the top of the most popular posts section.

New updates will follow…