21st February
Bitcoin: $11,172.10
Market Cap: $479,706,868,721
A sea of red today, but more or less completely single digits, mainly caused by people leaving alts to head into BTC seeing as it is rallying. It still seems likely that BTC has some more growing to do before alt season begins, but the sentiment is certainly becoming more bullish as we head towards March. I sent my last 2 BTC to Binance in order to make the most of the alt bounce. I’m tempted by ICX and some more VEN, with more alleged good news round the corner for the latter. With alts in a general downtrend however and with some HUGE sell walls in the way it may not be too spectacular. I’ll see how the day unfolds on that one.
Another interesting ICO that was put forward in my BB group is Loomia, a company bringing smart clothes to the blockchain. The scope is absolutely huge, as would be the market, and if they can be the pioneers, or even get a small percentage, of the forthcoming smart clothes boom it could be VERY profitable down the line. I love the name too, which helps! I had to sell some DRGN to afford it, which suggests to me that I’m all ICOd out if I’m having to sell to get liquidity, and this is a buying market.
ITC listed on KuCoin yesterday out of the blue which is a great step for them. This is one of my sleeper coins that I don’t think many people know about, but with some western exposure and some decent marketing it could be another biggie for the Internet of Things.
Had an interesting discussion with my (to be) accountant yesterday morning who said that the best way to work the tax situation as far as mined coins and masternode dividends went was to set up a company and put it through as company earnings, then pay myself a salary. Suddenly it’s all gotten very real and grown up, but seeing as I should be potentially dealing in the hundreds of thousands it needs to be!
It also struck me yesterday at work that while everyone else is focused on their jobs, complaining about how little they get paid, desperately hoping the bonus is larger than last year and having petty grievances with colleagues, I’m basically spending every day working building my exit strategy (and sometimes doing some work), sitting quietly away in the corner with my headphones on, ignoring all the immature, petty bollocks, managing my portfolio, setting up my masternodes for passive income and working out when I can quit! I love the idea of just handing in my notice and walking away with a few hundred thousand to fall back on and my masternodes paying out more than I could have ever conceived of earning! I don’t particularly get on with many people at work, so it would be kind of funny if they see me as this guy who turned up, sat in the corner ignoring everyone and allegedly writing content before semi-retiring at 35! Given how much I’ve got locked up in masternodes and ICOs I don’t think that will happen during the next bull run, but it’s looking good for me to be able to do that at the end of the year. It seems crazy, and it is, but we all came into the space for financial freedom, so not so crazy to achieve a goal when you think about it. And no one in the world except my wife is any the wiser. Hilarious!