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Abstract

PPjFcII_Ivrt"><figcaption>Photo by <a href="https://unsplash.com/@alidev82?utm_source=medium&utm_medium=referral">Ali Rezaei</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><p id="c772">As the title states, I’ll do this 1% at a time.</p><p id="cf3a">Here are the steps that I’m taking.</p><blockquote id="1097"><p><b>Step 1:</b></p></blockquote><p id="e714">Continue to DCA into Bitcoin, according to my current <a href="https://readmedium.com/my-current-crypto-defi-strategies-goals-d98b8286a105">Paycheck strategies</a>.</p><p id="8c6e">Currently, my DCA amount is a lot more than a 1% USD withdrawal of my current balance. This way my BTC holdings will continue to grow, even if I screw up this 1% strategy. My DCA amounts will be used as a safety net for my BTC growth.</p><p id="5fcf"><b><i>The amount of BTC I own will continue to grow over time, even if this strategy does not work as planned…</i></b></p><blockquote id="33fc"><p><b>Step 2</b>:</p></blockquote><p id="3e6c">Convert 1% of my Bitcoin holdings USD value to USDC coin on Coinbase each weekend. I won’t be converting 1% of my tokens, just the <b>USD value</b>. As the price of Bitcoin goes up then the amount of my BTC tokens that will be converted will go down. If the price of Bitcoin goes down then the amount of my BTC that will be converted will go up.</p><ul><li>If the Bitcoin price = $70k, & I have 0.01 BTC ($ 700), then I’ll convert 1% of my USD value ( $7) to USDC & HODL it as USDC until the next drastic price drop.</li><li>If the Bitcoin price goes down to$ 60k, & I have 0.01 BTC ( $600), then I’ll convert 1% of my USD value ($ 6) to USDC & HODL it.</li></ul><p id="87d6"><b><i>I’ll do this each weekend, which will steadily increase my USDC holdings.</i></b></p><blockquote id="5e95"><p><b>Step 3:</b></p></blockquote><p id="82f5">The price of Bitcoin is steadily going up over time but does have several dips along the way.</p><ul><li><b>I’m watching for 10% dips along the way.</b></li></ul><p id="d503">If I buy when the price is down by 10% & the price goes back up to its last peak then my 1% weekly withdraws have bought me even more BTC than they were worth before.</p><p id="9262">If we use the example in Step 1 then we end up with the following results.</p><ul><li>BTC price = $70k & I own 0.01 BTC ($ 700). Withdrawn amount = $7, which is approximately 0.0001 BTC. This leaves me with 0.0099 BTC, equalling around$ 693.</li><li>The BTC price then goes down by 10% to $63k. I then reinvest that$ 7 back into BTC, which then buys me 0.000111111 BTC. I now hold around 0.010011111 BTC ( $630.69).</li><li>If the BTC price goes back up to$ 70k then my 0.010011111 BTC would be worth $700.77.</li></ul><p id="ffbe">This gives me more than a 10% gain on my 1% withdrawal of$ 7!!!</p><p id="80b9"><b><i>As my BTC USD value continues to grow then that 10% will continue to grow as well…</i></b></p><h1 id="4f2b">Here are my top 5 highest-earning articles from February.</h1><h1 id="1956">Please check them out as well.</h1><ol><li><a href="https://medium.com/me/stats/post/55d786cc4a91">EM: Back to the Future!</a></li><li><a href="https://medium.com/me/stats/post/da7510a5358f">EM: Time to DCA our way to FOMO!!!!</a></li><li><a href="https://medium.com/me/stats/post/09989193fd4c">EM: I Minted Another NFT!</a></li><li><a href="https://medium.com/me/stats/post/2014a90cad6e">My Weekly EM Report #24–02/18/24</a></li><li><a href="https://medium.com/me/sta

Options

ts/post/485f691c0b46">Establishing my own BNB Pool</a></li></ol><div id="69ca" class="link-block"> <a href="https://medium.com/@lamcer31210/subscribe?source=post_page-----7c467790f7fc--------------------------------"> <div> <div> <h2>Get an email whenever Lamcer31210 publishes.</h2> <div><h3>Get an email whenever Lamcer31210 publishes. By signing up, you will create a Medium account if you don't already have…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*YgO2LgykcS2f3Ssd)"></div> </div> </div> </a> </div><h1 id="9a14">Pros & Cons</h1><p id="f429">As with everything there are <b><i>pros & cons</i></b>.</p><p id="7178">This is especially true when dealing with Crypto.</p><p id="abfe">Here are some <b>cons </b>to this strategy:</p><ul><li><b>Transaction fees </b>— Coinbase currently charges transaction fees when converting from BTC to USDC. I’ll need to check these fees before buying back in & make sure that I’ll still be gaining a BTC profit afterward.</li><li><b>Small withdrawals & buys </b>— With these small 1% transactions it may take several weeks of withdrawals to have enough USDC to justify buying back into BTC. I may have to HODL my USDC for a while until I have enough to still make a profit after the Coinbase fees.</li><li><b>Time till next 10% dip</b> — With the BTC halving coming up soon & the Bull run going into full swing, then It may be long periods of time between each 10% price change. As above I may have to HODL my USDC reserves for a while between transactions.</li></ul><p id="0a25">Here are some <b>pros</b> to this strategy:</p><ul><li><b>It’s only 1% </b>— Withdrawing 1% will not drastically affect my BTC holdings quickly. It will take more than 2 years to drain my BTC holdings, with 1% withdrawals.</li><li><b>Increased BTC holdings</b> — If timed right then I have the potential to gradually speed up the growth of my BTC holdings over time. 1% is not a lot by itself but can add up to a lot compounded over time.</li><li><b>Taking profits</b> — This strategy will allow me to start taking profits from my BTC holdings & may lead to even more income in the long run. As my BTC values go up then so will my 1% withdrawals. As my BTC values go down then my 1% buys will purchase even more BTC.</li></ul><p id="cc7d"><b><i>I’ll need to weigh out these pros & cons when buying back into BTC.</i></b></p><h1 id="81e4">Summary</h1><p id="2ddb">So I’m adding Bitcoin to my 1% Club!</p><ul><li>I’ll continue to DCA into BTC with each paycheck.</li><li>I’ll start withdrawing 1% of my BTC USD weekly into USDC.</li><li>I’ll then wait for a 10% dip & buy back into BTC with my USDC holdings.</li></ul><p id="0f30"><b><i>As time goes on my BTC holdings will increase even faster!</i></b></p><p id="2313">Thank you for reading my article!</p><p id="defe">Till next time.</p><p id="7a6c">God Speed!</p><p id="6bfa">(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. It is primarily a record of what I am doing & the different strategies I’m using to reach ROI & make a profit in Defi. I am neither an advisor for this nor suggesting any financial action on your part. Invest at your own risk. DO NOT INVEST MORE THAN YOU ARE WILLING TO LOSE! DYOR. NFA.)</p></article></body>

I’m Adding BTC to My 1% Club

Trying my hand at BTC trading over time…

I’m tweaking my BTC investment strategy a bit by adding Bitcoin to my 1% Club.

What is my 1% Club?

Well, I wrote about my 1% Club in a recent article.

The 1% Club

Fixing my BNB Pool & getting it ready for growth

medium.com

In the article above, I talk about how I changed my BNB Pool strategy to help it grow faster.

This is to get my BNB Pool to reach $600 in value faster & faster, to compound my Elephant Money Futures account.

Now, I’ll do something very similar to my BTC on Coinbase.

Why will my BTC join the 1% Club?

I have noticed that the price of Bitcoin can have drastic changes in its price, over a few weeks or even months.

I’m attempting to take advantage of these drastic price changes, by using a similar strategy to my 1% Club for my BNB Pool.

Also, this will help me start taking profits as Bitcoin goes up in price & buying in more tokens during several different price dips.

If done successfully, then the amount of BTC tokens I own will go up faster than just DCAing alone. If done unsuccessfully, then I’ll still be gaining more BTC tokens, just not as fast. It’s a win-win!

In any case, I’ll continue to DCA into BTC according to my Paycheck strategies discussed in the article below.

My Current Crypto/ Defi Strategies & Goals

Updated …1/16/24

medium.com

How will I do this?

As the title states, I’ll do this 1% at a time.

Here are the steps that I’m taking.

Step 1:

Continue to DCA into Bitcoin, according to my current Paycheck strategies.

Currently, my DCA amount is a lot more than a 1% USD withdrawal of my current balance. This way my BTC holdings will continue to grow, even if I screw up this 1% strategy. My DCA amounts will be used as a safety net for my BTC growth.

The amount of BTC I own will continue to grow over time, even if this strategy does not work as planned…

Step 2:

Convert 1% of my Bitcoin holdings USD value to USDC coin on Coinbase each weekend. I won’t be converting 1% of my tokens, just the USD value. As the price of Bitcoin goes up then the amount of my BTC tokens that will be converted will go down. If the price of Bitcoin goes down then the amount of my BTC that will be converted will go up.

If the Bitcoin price = $70k, & I have 0.01 BTC ($700), then I’ll convert 1% of my USD value ($7) to USDC & HODL it as USDC until the next drastic price drop.
If the Bitcoin price goes down to $60k, & I have 0.01 BTC ($600), then I’ll convert 1% of my USD value ($6) to USDC & HODL it.

I’ll do this each weekend, which will steadily increase my USDC holdings.

Step 3:

The price of Bitcoin is steadily going up over time but does have several dips along the way.

I’m watching for 10% dips along the way.

If I buy when the price is down by 10% & the price goes back up to its last peak then my 1% weekly withdraws have bought me even more BTC than they were worth before.

If we use the example in Step 1 then we end up with the following results.

BTC price = $70k & I own 0.01 BTC ($700). Withdrawn amount = $7, which is approximately 0.0001 BTC. This leaves me with 0.0099 BTC, equalling around $693.
The BTC price then goes down by 10% to $63k. I then reinvest that $7 back into BTC, which then buys me 0.000111111 BTC. I now hold around 0.010011111 BTC ($630.69).
If the BTC price goes back up to $70k then my 0.010011111 BTC would be worth $700.77.

This gives me more than a 10% gain on my 1% withdrawal of $7!!!

As my BTC USD value continues to grow then that 10% will continue to grow as well…

Here are my top 5 highest-earning articles from February.

Please check them out as well.

Get an email whenever Lamcer31210 publishes.

Get an email whenever Lamcer31210 publishes. By signing up, you will create a Medium account if you don't already have…

medium.com

Pros & Cons

As with everything there are pros & cons.

This is especially true when dealing with Crypto.

Here are some cons to this strategy:

Transaction fees — Coinbase currently charges transaction fees when converting from BTC to USDC. I’ll need to check these fees before buying back in & make sure that I’ll still be gaining a BTC profit afterward.
Small withdrawals & buys — With these small 1% transactions it may take several weeks of withdrawals to have enough USDC to justify buying back into BTC. I may have to HODL my USDC for a while until I have enough to still make a profit after the Coinbase fees.
Time till next 10% dip — With the BTC halving coming up soon & the Bull run going into full swing, then It may be long periods of time between each 10% price change. As above I may have to HODL my USDC reserves for a while between transactions.

Here are some pros to this strategy:

It’s only 1% — Withdrawing 1% will not drastically affect my BTC holdings quickly. It will take more than 2 years to drain my BTC holdings, with 1% withdrawals.
Increased BTC holdings — If timed right then I have the potential to gradually speed up the growth of my BTC holdings over time. 1% is not a lot by itself but can add up to a lot compounded over time.
Taking profits — This strategy will allow me to start taking profits from my BTC holdings & may lead to even more income in the long run. As my BTC values go up then so will my 1% withdrawals. As my BTC values go down then my 1% buys will purchase even more BTC.

I’ll need to weigh out these pros & cons when buying back into BTC.

Summary

So I’m adding Bitcoin to my 1% Club!

I’ll continue to DCA into BTC with each paycheck.
I’ll start withdrawing 1% of my BTC USD weekly into USDC.
I’ll then wait for a 10% dip & buy back into BTC with my USDC holdings.

As time goes on my BTC holdings will increase even faster!

Thank you for reading my article!

Till next time.

God Speed!

(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. It is primarily a record of what I am doing & the different strategies I’m using to reach ROI & make a profit in Defi. I am neither an advisor for this nor suggesting any financial action on your part. Invest at your own risk. DO NOT INVEST MORE THAN YOU ARE WILLING TO LOSE! DYOR. NFA.)