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Summary

The author is revising their $110 cryptocurrency budget allocation after the collapse of Farm of Fortune (FOF), reconsidering investments in projects like BNB Miner, MOF, TFM, DRIP Faucet, and potentially Elephant/TRUNK tokens, while emphasizing the importance of dollar-cost averaging and regular investment strategies.

Abstract

The author discusses the necessity of adjusting their crypto investment strategy following the downfall of Farm of Fortune (FOF). With a budget of 110, they plan to redistribute funds previously allocated to FOF into other projects such as BNB Miner, MOF, TFM, and DRIP Faucet. The new strategy involves investing 30 into the project with the lowest balance at the time of investment, with any remaining funds potentially being used to purchase Elephant/TRUNK tokens. The author emphasizes the benefits of regular, small investments to grow their earnings and maintain stability, as well as the use of dollar-cost averaging for purchasing undervalued tokens. The article also touches on the author's success with other projects, such as living off dividends from the Adstaker project, and provides updates on their top-earning articles.

Opinions

  • The author believes in the effectiveness of regular investments and reinvestments to grow earnings and recover initial investments quickly.
  • They express a change of heart regarding the DRIP project, suggesting they initially underestimated its value but now see the potential for growth.
  • The author values stability and growth in their investments, as evidenced by their strategy to fight inflation in the TFM project and stabilize their MOF account.
  • They advocate for a disciplined approach to investment, setting a reminder to ensure consistent application of their new budget plan.
  • The author practices what they preach by using their own strategies to earn a living through crypto investments and writing about their experiences on Medium.
  • They see the potential in Elephant/TRUNK tokens as undervalued assets worth holding for future growth, using dollar-cost averaging to mitigate the risk of market volatility.
  • The author encourages readers to join Medium and follow their work, suggesting that readers can learn from their strategies and potentially earn money by writing on the platform as they do.

I need to change my Crypto budget yet again…

Crypto budget changes, since the Fall of FOF.

Photo by Alexander Grey on Unsplash

So it hasn’t been that long since the fall of Farm of Fortune (FOF).

I was building up my second Farm of Fortune account according to my $110 Crypto Budget.

Now, it is time to change this budget yet again.

(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR. NFA.)

What needs to be changed?

In my old budget I was building up some of my projects whenever I got paid from my job.

I was investing $30 into each of these projects.

  • BNB Miner
  • FOF #2
  • MOF #2/MOF#1

Since FOF is no more then I’ll need to reallocate its funding. This time around I’ll also reallocate my BNB Miner investment, since I usually have more than $30 in that wallet at all times & can reinvest using that funding instead of from my paycheck..

This only leaves MOF#2/ MOF#1 on the list. Time to add more projects to this list.

The New List

Photo by Thomas Bormans on Unsplash

I have also stopped adding funding to several of my projects, for various reasons.

Here is a list of projects that I’m currently active in:

I am unable to add any funding to FH NFTs & Medium. I’m at a good place in the Adstaker project, living off of its dividends. BNB Miner will take care of itself. This only leaves the following projects. (Plus, possibly some Elephant/TRUNK token in the very near future.)

I can now split my $110 deposit into several different projects, thus growing them all!

The New Plan

Photo by charlesdeluvio on Unsplash

Now that I have my list, Now I can split my budget up.

I’ll still deposit $30 into each of these projects in my new list. Whichever account is lower, in the case of MOF & TFM, will get the investment. I only have 1 account with DRIP so it will always get the $30 investment.

It goes sort of like this…

  • MOF#1/MOF#2 — whichever is lower of these 2 accounts will get the $30 investment.
  • DRIP — This account will get the full investment, since I only have 1 account in this project.
  • TFM#1/ TFM#2 — Whichever account is lower in this project will get the $30 investment.

Also, usually, there is a little left over after dividing it up among these projects. That will then be put into my wallet that doesn’t connect to anything. This will then determine if & how much Elephant/ TRUNK tokens I buy.

This is how it will work.

  1. I get paid by my job & move $110 (probably around $95 left after gas fees) into one of my wallets.
  2. I then invest $30 into the 3 projects listed above ($90).
  3. This should leave around $5 to be moved to my deposit wallet.
  4. I’ll also reinvest $30 into BNB Miner from its wallet’s reserves.
  5. At the end of the week, I’ll reconsolidate my wallets accordingly. I leave a certain amount in each wallet, according to the needs of that project. The rest will be moved to my deposit wallet.
  6. I’ll then pay my Tithe 2.0, as planned.
  7. I’ll then invest one forth of my total Deposit wallet value into these tokens, evenly (half into each).
  8. I’ll then repeat this step every time I get paid for my job.

But Why Do it this way?

Photo by Fadkhera Official on Unsplash

Reinvesting into these projects helps my earnings grow. Investing small amounts on a regular basis helps me recover my investment using the withdraws that also happen on a regular basis.

  • I regularly keep around $60, of my withdraws, in my BNB miner wallet. So recovering my $30 investment every 2 weeks will be easy.
  • Investing $30 into either MOF account helps it grow as well. For every $30 invested I’ll increase my income by $4.50, for every withdraw.
  • Investing in TFM will help me fight inflation in this project, which will then also help keep my earnings stable or growing.
  • Investing in DRIP…I wasn’t going to add any more funding to the DRIP project but am starting to see the error of my ways. (More to come in my DRIP article after the beginning of the month.)
  • Buying Elephant/TRUNK tokens on a regular basis gives me some undervalued tokens that I can HODL, for growth. I’ll use Dollar Cost Averaging to help me get the best pricing.

In Conclusion

Now, I’ll be growing my investments in a very stable MOF account, stabilizing my TFM account, increasing my earings in my BNB Miner account, increasing my DRIP earnings, & buying some tokens to HODL.

All of this with my new Crypto Budget!

Now I just need to remember to do it…time to set a reminder…

Thanks for reading!

Till next time.

God Speed!

Join Medium, build up a following, & get paid like I do.

If you would like to see what investments I’m currently active in then go read my referral link article.

Here are my top 5 earning articles for February:

  1. BNB Miner vs DRIP Faucet vs AF Pig Pen…Part 1
  2. Increasing my BNB Miner profits 30% each week!!!
  3. Herding the Pigs
  4. BNB Miner Strategy Update
  5. The life of 100 DRIP tokens in the Faucet…part 3
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