Declines in cryptocurrencies continued in January, as reflected in the earnings this month compared to last month.
There were drops across the board as the risk-off sentiment was the dominant force in both broad market indices and within cryptocurrencies.
I did take some profits during the month, if only to secure the cost of my HNT miners and help cover some of my monthly expenses. I will likely be stacking my cryptocurrency earnings for the next while and rebuilding that portion of my portfolio through mining. What I may do in a few months, pending the condition of my overall portfolio and my crypto portfolio, is take some profits again to help ensure my debt is well positioned for what I have planned this summer.
Due to me liquidating my crypto portfolio, I have decided to remove the Investment portion of this post for now, as the income generated from that will be minimal moving forward.
Mining
Cryptocurrency | Amount | Amount in CAD* |
BTC | 0.00126390 | $48.58 |
ETH | 0.045567 | $157.4 |
BAT | 3.313 | $4.37 |
HNT | 14.413 | $512.81 |
Total Monthly Income from Crypto: $726.13
*FX taken at time of writing