19% in USDn, 40% in Bitcoin, 140% in Waves and 265% in Ethereum.

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I decided to summarize some interim results on my cryptocurrency portfolio, and at the same time share another interesting tool that gives passive income (with full disposal of my funds).

I’ll probably start with the main conclusion that I made over the entire period of cryptocurrency accumulation (since the beginning of 2018).

On my channel, I talk about long-term investments and the ownership of productive assets (shares, in the first place). So, all this does not apply to cryptocurrency.

I suddenly realized clearly that I am a long-term speculator on the crypto issue. The reason is very simple:

In general, I have not yet met a single person who would invest in cryptocurrency, and not speculate on it.

The problem, in my opinion, is that cryptocurrency is not tied to the financial success and achievements of the projects that spawned it. Even Waves (coin) does not react in any way to the steps taken by the company.

In such conditions, there is no need to talk about investments.

But, be that as it may, I retain my positions in these instruments.

Purchase price: $ 105.

Price now: $ 385.

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When #ethereum really started working on the transition, I changed my goals for this project.

If PoS (as a type of staking) is available to all users and only with some minimal restrictions, most likely I will not even sell coins, but I will form another passive source of income.

Recently there have been launches on the testnet, after which the market is quiet. I have no doubt about the full launch, but how much more time it will take for improvements is not clear.

With all the huge staff of Ethereum programmers, work in this company has always taken a long time.

Average purchase price: $ 8,000.

Price now: $ 10,500 — $ 11,000.

Target Price 1: $ 18,000.

I have spoken and talked many times about the insights that helped to sell most of the altcoins and increase the share of bitcoin in the portfolio (and in such a way that it dominates all my investments combined).

The Bitcoin strategy is also not complicated.

There are two parts to bitcoin: speculative (target price 1) and eternal.

I gradually increased both, buying at very different prices, so that the average turned out to be in the range of $ 8,000.

I continue to build up the second part due to income from Waves and USDN, but more on that later.

I will sell the speculative one as soon as the price overcomes $ 18,000-20,000. This spread in numbers is caused by the assumption that if Bitcoin passes the first level, there will be another rally to levels exceeding the previous maximum (which is just $ 20,000).

I am not going to touch the second, «eternal» part at all for the next 5-6 years, since it is interesting for me to remain in this asset.

Historically, #bitcoin is only growing. And I really want to see how and what it will be like in that new world, for which all the prerequisites are now being created and formed.

Perhaps because of this, I will lose some of my money, but I definitely will not regret it.

Speaking of the present, I am confused by a relatively new phenomenon for the cryptocurrency market — the correlation of bitcoin first to the S&P 500, then to gold, and now there are signs of an inverse correlation with the dollar.

The correlation began to be traced at the beginning of the year, when institutional investors from the stock market came to the # cryptocurrency market. But on what it is based, I still do not quite understand.

There is another extremely interesting point — the price of December call-options on Bitcoin reached a record high of $ 36,000 (on Derbit): 752 contracts for $ 36,000, 462 for $ 32,000 and 230 for $ 28,000.

Any of these scenarios beats the previous maximum Bitcoin value. Although, of course, no one claims that Bitcoin will reach these levels in December — these are just the expectations of individual market participants. But the expectations are interesting.

I also wrote a separate article about Waves (you can read the link at the end of this article), and therefore I will briefly note that I bought #waves in the long term in order to get passive income in the same currency.

Purchase price: 1 $ (in fact — 60 cents, but then he sold and bought in addition several times).

Price now: 2.5 $.

The essence of passive income, in short, is the leasing of Waves coins.

The yield is about 6% per annum, which the readers hastened to inform me about, but I want to draw your attention to a few points.

Waves, in addition to being an «old» proven project, makes it possible to rent coins without actually moving them from the owner’s wallet. In other words, no one will steal the coins, and the project will not fall apart.

Here I will immediately explain that Waves cooperates (on some not very clear terms) with the government of the Russian Federation and some private companies. Now, for example, Waves, together with Rostelecom, are creating a platform for voting on the blockchain. How do you like this intertwining of markets?

Therefore, 6% yield in Waves is stable and guaranteed. But there is also a second part of the income — from the sale of tokens.

So, recently the coin was propumped (most likely by the organizers themselves), thanks to which it grew to $ 4. At that moment, I sold part of the coins, fixing a paper profit of 265% in rubles.

Yes, this does not happen often, but this is what leasing is for — so that the waiting process is useful and ringing in your pocket.

usdn is another tool launched on the Waves platform.

This token is pegged to the dollar, which has long been not something unique on the crypto market, but there is one peculiarity: Waves has linked its activities with both its eponymous coin and this tokenized dollar.

Leased Waves coins are collected into nodes (pools) that support the network. For this work, each pool (node) receives a reward, which is divided among the pool members (landlords).

In the case of USDN, the situation is different. The company makes money, including from commissions on trading within the platform. A person starts staking USDN tokens and receives a daily reward, which is paid precisely from the income of the site itself.

As a result, a floating (every day) percentage is obtained. I saw both 7-8% per annum on some days, and 15%.

Profitability, as already mentioned, depends on the amount of income of the site itself. Although, there is also a factor of competition — the more people send USDN staking, the more people the profit is distributed among.

But there is a plus in this — more people work with the platform, more commissions, more income for the company and the profit that it shares.

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Since I am confident in the Waves platform and fully trust it, I decided to keep part of my currency in USDN.

The experiment began at the beginning of the year. When this crypto-dollar appeared, I bought a small amount, watched how it worked, and increased the position.

Then the dollar was worth 64 rubles. Considering that now it is about 75 — it turns out that the ruble income is 18-19% even of the difference in the exchange rate.

Since I have both Waves leased and USDN staked, I periodically check how they compare. In terms of regular passive yield, leasing, of course, loses very much — 2 — 2.5 times. But Waves is periodically pumped, as I said, and the project has prospects for development (in conjunction with companies from the real sector).

Both the income from the leasing of Waves and the income from staking of USDN tokens I exchange weekly (once every 1-2 weeks) for bitcoin and thereby increase the «eternal» part of the portfolio.

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For now, I leave my crypto portfolio unchanged and continue to do the same thing that I did throughout the year.

The picture was slightly overshadowed by the activities of our regulators, who had already published and approved the first part of the bill on digital financial assets, and now, apparently, they are developing the second part, which will regulate everything that worries the crypto community — mining, exchange, etc.

But recently I exchanged cryptocurrency through the monitoring of exchangers. The monitoring site itself was again (I don’t even know at what time) blocked Roskomnadzor (this is despite the fact that this activity has not yet been banned). The service launched a mirror site, and the original could be used through a VPN built into the Opera browser.

In general, I am leading to the fact that the cryptocurrency market will not collapse simply because they wanted to in Russia. And I am more and more convinced that there will be ways and opportunities how to convert cryptocurrency into fiat money (and vice versa).

The issue of ruble cards from the largest cryptocurrency exchange Binance also prompts certain reflections. At the beginning of the year, the founder of this exchange flew to the Russian Federation and talked about something with representatives from the government.

The previous such «meeting» in the United States ended with the fact that the Americans who traded on the stock exchange received letters of happiness from the tax authorities.

But taxes and a ban, followed by punishment, are still different things.

Hope you found this post helpful. If so —

As I have promised,

And also a link to the article,

Traditionally —