The Purge

Reviewing my crypto portfolio, I came to the conclusion that during 2019, it has become a big mess. I have some coins, which I really track and for which I have really set a target of the amount of tokens I want to hold in my portfolio:

Crypto portfolio target.

From these “base tokens” most of them have been growing nicely with the exception of $BNB and $GLD. $TRX is mainly CITYUPTAKE tokens converted to $TRX and a huge variation of Altcoins in the TRON blockchain.

As I am addicted to Data, I have been tracking the hold of all the tokens I am holding on TRON Blockchain. I have been actively accumulating 26 tokens on the TRON blockchain and even more passively. Seeing the messy portfolio, I now have taken the decision to clean up. This clean up exercise has been initiated by the recent value growth for $Play and $IGG, providing a good moment to cash out and convert the value to more $CITYUPTAKE and move some into $ADA and $COTI.

So now in time, I will purge the rest of the portfolio, cleaning out non reward giving tokens and gambling tokens once the value exceeds the initial value. $WIN will stay for the time being, $CITYUPTAKE and $CITY Alpha will stay for sure as they are the fuel for my passive income.

For now all TERC based tokens like Game of Tron and Aftermath Island will stay at least until the game is live. $Nole will stay as it gives a dividend in $Nolewater. But all e-sport teams, PRO, Mazer , LimeJuice will go. Beatzcoin will go (although I will use the app). $Vcoin will be cashed out, Egguity and Boom will await the time it will have a better value. TWX and PLAT will go as well and EVO will await the launch of the new game and the level of dividend will drive the decision.

By purging my stack, I will be able to add a significant amount to the $CITYUPTAKE stack and will bring the goal of setting up a $COTI node also closer.

It is time to refocus on the end goal. Early retirement with a good passive income. I will need to be more selective in the coins to invest in.

The Crypto Cycle (2)

Exploring Tron – Finding CityUptake

It was August 27, 2018 when I bought my small little stock of Tron (TRX). I bought 7262 TRX at a price of $ 0.0232. This was at the same time that my investment in Nano was down from an original price of $5.09 to $3.20 and Cardano (ADA) was down from $0.266 to $0.095.

I was getting all my knowledge from mainly crypto-currency news apps and some Telegram groups. Once I found the tronwallet.me app I downloaded it from the App Store. It was end of September when I found out you could vote in order to receive additional TRX as voting rewards. It was such an eye-opener to see a possibility to increase you hold just by voting. My stack of TRX already grew close to 50.000 TRX.

I became very active in Reddit and joined the Telegram groups of all the SR candidates as I was hopping from one to the other for optimal voting results. It was the community node telegram which gave the most broad information about Tron and a regular visitor to that Telegram group was Jason Lavender from Cityuptake. He was talking about Cityuptake and how CUT created a system, where you buy a token, where 74% of the token is backed by TRX, which is used for voting on the SR giving the highest return and the other portion is put into a Trade Desk, where Jason as a professional trader generates returns which are shared proportionally based on the amount of tokens held.

I joined the Cityuptake Telegram group as it seemed to be too good to be true. Invest TRX for optimal voting returns and on top of that getting a weekly Trade desk return. As I was still early, they did not yet establish a minimum buy in amount and could participate with a trial amount of 5.000 Cityuptake tokens. The conversations in the group were great and are still great. Trading essentials shared by Jason, a full supportive team of Agents, where one of them forced me to learn a lot of new words (google became my friend again) Crazy conversations with crazy people like Impoose or Ry Sergay. It is both a fun and educational experience to be part of that community.

In due time I have been buidling the stack of TRX and the stack of Cityuptake both by the daily and weekly rewards and by consistently converting some FIAT money into TRX. The daily rewards are used to experiment and invest in TRX based gambling sites, wallet tokens, BeatzCoin, IGG, Poppy and many others, but the only one with consistent returns and consistent value is CityUptake.

Now the only thing is too wait for the TRX value to increase while buidling, to reach the time when the daily rewards will be valuable enough the sustain a relaxed lifestyle which will be the moment for Early retirement 🙂