Man, Covid just won't go away. Vaccines are on an accelerated rollout; but here in Canada, numbers are on the rise again. Specifically here in Ontario. I'm worried we're going to get to the point where this is yet another entire year down the tubes.
Yet, somehow in spite of that, I'm still seeing strong growth across my various projects and investments.
While my investment portfolio growth isn't as wild as it was last month--this month, I 'only' managed a 19% month-on-month growth--my overall gross income from projects hit a new record: A staggering $2,191! This marks the first month that I have officially slammed through the $2k mark; approaching the major milestone of $2,500.
All thanks to, you guessed it--cryptocurrency.
As always, let's break it down:
- $904 from Nicehash. As always, it continues to be a strong performer. Lots of instability issues with my miners right now though
- $892 from my trading bots, marking the first stable & significant month of gains (will discuss in great detail later in this post)
- $121 in 3D Print sales, between Ebay and Shopify
- $96 from Youtube, a slight bump from last month and indicating a positive trend change
- $85 in flipping sales, a drop from last month
- $47 in 2D Print on Demand sales; slightly more than last month, split between Redbubble and Society6. Still no sales on Teepublic or Zazzle
- $22 from Library/Odysee; although this is mostly YTD, not just what I made this month--turns out I've been incorrectly doing the value conversions
- $17 from 3D model sales on MyMiniFactory, a slight bump from last month
- $2.09 from Amazon Affiliates
- $2.08 from stock dividends
As I've mentioned previously, I've divested from Youtube into Library/Lbry, a blockchain-based Youtube alternative. It's since changed it's name to Odysee, so I've got to get used to calling it that. And it turns out, I've been incorrectly doing the conversions to figure out the $CAD value from the LBC tokens. Don't use currenc.io, it's terrible. So the number you see listed for this month ($22) is mostly my earnings in total, and not how much I made this month specifically... this should be accurately reflected going forward.
My trading bots have gone insane this past month! After doing some bugfixing related to order timeouts, it is now properly adding additional wait time to orders before it cancels them. Basically, the default timeout is 12 hours and two days, for buy and sell orders respectively. Upwards of my starting value, it scales up with the ratio of my current holdings compared to my starting value. So for instance, am I up by twice my starting amount? It waits 4 days to cancel a sell order. Am I up by 10x my starting value? It waits 20 days. This should hopefully solve a potential issue where, as my funds grow (big assumption, I know), orders have the appropriate time to fill; especially on lower volume coins.
I did fund my Bittrex with enough coins to bring my trading bot back up to 0% (starting value) profit this past month; but this is deducted from the listed earnings. In total, as of writing this, my Bittrex is up by 49.63%; it had been as high as up by 107%, but a couple bad trades knocked it down again. But that's still a 50% profit gain in the space of a few weeks. As for my Binance bot; under it's own trading power--no funding on my behalf, only it's trades and what I've earned from referrals coming in--it has climbed ALL the way to being up by 6.76%. A HUGE improvement over last month. This marks the first time that both my bots are in the black for quite some time:
I'm excited to see how this pans out for next month--based on what I hope it's growth rate can be, I expect them to be at the following:
- Bittrex: Up by 53.51%
- Binance: Up by 7.29
This is based on a growth rate of 0.25% a day.
Shapeways was a dud. Not so shocking; the prints are expensive on there. Ain't nobody got money to spend there, it seems. Still get lots of traffic though.
No Patreon supporters yet either. Need to rework it a little.
With Coinsquare & my manual trading, I've had a couple bad trades advised to me by my bot, as well as some orders still waiting to fill because the price dropped--currently, I'm sitting at 30.39% up over my starting value. A bit of a drop from last month, but nothing crazy--Altcoins seem to have slowed down a little, so I might ease up on the Coinsquare trades.
In the 2D Print on Demand space, I found a potential path forward with a design framework that is SEO friendly, super quick to create designs for, and simple but aesthetically pleasing. I've had a few sales of the ones I've generated so far, so to me, that is extremely promising--I'll probably ramp up the percentage of time that my 2D Print on Demand stuff takes from me if it continues to show such great performance. Unfortunately, still no sales on Zazzle or Teepublic, but I am starting to see traffic trickle in.
For Youtube; I saw an upwards bump in adsense revenue; although my sub count and view count are a bit below what they were last month. I got some great feedback on my thumbnails this month, and going forward, the design of my video thumbnails should be much better; hopefully this will help me reverse this downward trend my channel has been on. It's been brutal.
Anyways, here's my channel metrics for the month of March:
- Published four main videos; missed one last week due to a failed project for one of my videos, but due to how the weeks worked this month, still managed four vids
- Currently at 2705 subscribers, up 163 from last month
- Subscriber growth rate: 6.41%, up from last month's 5.56%
- Average daily views throughout March: 524, down over last month's 583, or a decrease of -10.12%
- Average daily subscribers throughout March: 5, on par with last month's 5, or a change of 0%
So, the decline is only a fraction of what last month's was; hopefully I've bottomed out and started back on the rise now that the warmer weather's here, as indicated by my subscriber growth rate. We shall see.
As the dust starts settling on my various projects and I'm starting to get a longer data period to judge them, it has become clear that these are my four most important projects, and will be what I focus much of my time on going forward, in order of most important to least:
- My homebrew cryptocurrency trading bots. With continued improvements & iteration, these are starting to finally show their potential.
- Youtube. I've been in a rut for a couple months now, but it has potential. As I made SEO & CTR improvements along with interesting projects and video topics, I believe this will rebound quite strongly in the next month or two.
- 2D Print on Demand - Now that I've identified a profitable, fast, and SEO-friendly design framework, I can pump out designs efficiently; leading to potential large-scale profits if I get one that lands big in search results.
- 3D Print on Demand & 3D Model Sales. In a lull right now, but the more assets I produce (especially smaller & more niche but useful ones), the better I'll continue to do.
Next up, let's take a look at how I managed with my work item list for the month:
- Five main Mike in the Woods videos (one per week, because of how the weeks line up)
Only managed four due to failed project; but the effort to film was there - 2 new Shapeways/MyMiniFactory listings
Only managed one - 20 new Print on Demand listings using new quick & simple design test
Only managed two due to reduced time available - Sign up/apply for TeeFury
Nope... - Start bringing TeeFury up to parity with other PoD sites
Nope - Six new flipping listings
I think I put up three? - Repair remaining two GPUs and return to active service
Nope.. still on my to-do list...
As you can see, I bombed pretty hard on hitting my listed work items. I had quite a lot on my plate this month outside of these projects; so that's partially why. So a lot of these will carry over to this month. Going to trim down a lot of the non-essential stuff, and just focus on work items relevant to my four most important projects as listed above.
Here's what I have on the list for April:
- Four main Mike in the Woods videos
- Ten new Print on Demand listings using new simple & effective design template
- Two new Shapeways/MyMiniFactory listings
- Sign up for TeeFury and begin bringing to parity with other PoD sales channels
- Repair both GPUs and return to active service
Lastly, let's take a look at my investment portfolio:
Not nearly as crazy as the last two months, but let's not forget that a 19.44% month-over-month portfolio is still absolutely insane. Certainly beats my already crazy 6.5% target growth rate. As I keep saying, the earlier in the FIRE build period I overperform targets, the less my targets get overtime. For instance, I could technically reduce my month-over-month target to 4.4% and still be on target.
Crypto, as always, is the golden goose here; but even stocks are up this month. Let's see how long this keeps up for. At this point, I'm hoping that as my trading bots become more and more important to this value, they will at least balance out any value loss due to down months for crypto... we'll see.
If you find these posts helpful, and you are interested in cryptocurrency, try signing up for Binance! It's a widely-known cyrptocurrency exchange (think stock exchange, but for crypto). It's free to do so, and by using my referral link we'll both earn 10% of any trading fees you pay.
https://www.binance.com/en/register?ref=WZKZ16ZW
See you next post!
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