Hello and welcome to the (re)birth of my blog. My intention is, as the title suggests, to get ‘from minimum to a million’ pounds from cryptocurrency alone. I read once that the best way to make a million is to have more than one revenue stream (not including my regular job) so that’s what I’m intending to do. In-depth details of my strategy can be found on the ‘Strategy’ page from the menu bar. If anyone has any suggestions for more revenue streams that can speed up my progress to a million then feel free to let me know. I can test / promote them if they work!
The ‘streams’ all revolve around cryptocurrencies:-
- Invest in cryptocurrency liquidity pairs
- Invest in new coin launches and either cash in the profits or hodl (or a mixture of both)
- Run an automated ‘bot’ on cryptocurrencies (hopefully fed by profits from points 1 and 2)
- Staking
- Cloud mining
- Airdrops
- Learn & Earn
- Referrals
- NFTs
Firstly, let me explain the (re) part of the birth of this blog. I actually attempted this around the end of 2017 / beginning of 2018. Things were going quite well and I was up to about £3k. However, chasing a ‘quick win’ I got scammed out of the whole lot by someone on a Russian exchange (naming no names but it’s still going now). I was obviously really annoyed after having such a good start and then going back to zero again that I decided to have a break from crypto. My interest was re-kindled after a conversation with an old friend who now lives abroad who showed me his portfolio worth over 500k.
So, once I decided to try this again, I looked at the balances from all of my old crypto accounts and there was about £100 dotted around so I’m using that as my starting reference point. I built up some of the pot originally by doing some faucets to earn free coins. It’s probably fractions of a pence but when you do several of them several times a day you can get a few quid a month from it.
A decent return would be around 1% daily so starting with the pot of £100 (not including bot purchase price from 2017) and compounding the balance should hit the magic £million mark on day 926. Of course, you’d be silly to leave all of that money in investments whilst still having every day life debts like mortgages and loans so if all goes well then I’ll be withdrawing some of the profits along the way. Still, I think that just under 3 years to a million from nothing would be a miraculous achievement!
I did also try GPU mining in the past but the cost of electricity in the UK is quite high so it’s not really worth it at the moment.
I thought about giving daily updates but that would be too time consuming so I will try and update every week with ‘end of week’ figures highlighting profits / losses for that week and ongoing totals.
My current holdings can be found on the Portfolio page.
Please feel free to follow my progress, offer words of wisdom and advice and most of all – wish me luck!