I set myself a goal and made a project out of it for the last three months of the year 2020.
The project is called
Summit 3300
The goal is
To see how much I can acquire (in BTC, as much as possible) from my current and new resources, be it online or in the real world
I will track income channels of various sources to BTC.
I will use this BTC to trade as an amateur trader, amateur meaning the trades will be done infrequently and manually.
I will report the situation daily or as they happen for separate channels and on a weekly basis for cumulative results.
Some of the channels are already present and have value. That means that the starting point is not zero.
Some of the channels are / will be new.
I will decide based on current performance whether I should keep/continue the efforts on particular channels.
Each channel will have its own schedule. Some will have daily actions while others will receive attention once per week or even once per month. Some will expire before the end of the project.
The figures will be kept in an Excel spreadsheet. Hopefully, some nice graphs with visible trends will come out of it.
I will track the time invested in all these efforts, including writing the reports. I want to see the outcome based on the time involved.
I will develop the tools and tracking methods on the fly.
With the introduction done, it's time to report on the first channel and the current situation.
A - Blurt to BTC
A remark about the labels, channels will be marked as they happen or are reported upon. There is no significance or importance in the labels.
Description
Blurt is a Steem clone platform that I have no interest to participate in. Old Steem users hot their amount in Steem airdropped as Blurt. I am powering down and withdrawing it in weekly intervals.
Interval
Weekly, preferably every Tuesday evening.
Actions
Power down, withdraw to ionomy exchange*, sell to BTC.
Action Today
I collected all the powered down Blurt from my old Steem accounts and transferred it to ionomy *
388.929 Blurt with a hypothetical value of $4.84.
I converted it into BTC. The outcome was 0.00046485 BTC
It's a start!
I am happy to write down my first income.
| Channel | Input | Income | Total |
|---|---|---|---|
| A - Blurt | 388.929 Blurt | 0.00046485 BTC | 0.00046485 BTC |
| Grand total | 0.00046485 BTC |
There are six more weeks of Blurt power-downs and I can expect similar sums to be transferred until the end of this channel.
Disclaimer
These reports show my actions and ideas. They are not to be taken as financial advice. Do your own research and make your own decisions. Of course, we can debate them and help each other.
Links marked with * are affiliate links. If you use one of them to join an offering we can both gain. Again, the decision is yours. Yet, you can trust me that I only promote what I use.
The banner image was created in Canva*.
This report was published on the @leofinance platform.
Better and better