LTC Miner Update #2

in #ltc5 years ago

Not much to report on today as far as project progress. The market seems to be doing about the same as it has been for the last 48 hours or so and I'm not really concerned about the potential bear coming. I've heard a lot of mixed feelings between analysts and their various methods, from the EWT guys that are calling it an ABC and predicting a bull run to the extreme fear and greed guys calling it bear season and each mixture between. Either way, I'm not worried. In the worst case, I'm hearing presently is $48-ish. At which point, I'm only going to drop about $20 a month from my overages until the price recovers--which it will.

Let's jump in...

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I may sell once I hit another full LTC and convert to USDC if the price is still below the $64-66 range. I'm probably going about that angle of this all wrong, but rather than pay the higher electric now for the potentially higher returns later, I'm going to secure my money at what I consider to be a safe and satisfactory price point right around the $60-62 mark. Then, if I see anything extraordinary starting to happen, I'll reinvest a percentage. But, that's all off-topic and I'm not an analyst or even really much of a trader. My strategy might not even be the safest bet, but it's what I've found to work the best so far and even though it might be able to make more, it has at least done what I wanted by eliminating some of my bills and leaving me with a little left to play around with.

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As you can see, it's getting quite warm in the house, and it has recently started to sprinkle a bit outside; however, I'm only partly venting at the moment because it's supposed to drop enough to potentially snow and the high tomorrow is 16 degrees lower than today. If it gets too uncomfortable, I'll likely get up and adjust accordingly. I cannot wait to build the automatic venting system, but it has to wait until I have the time and proper workshop space--so, probably another few weeks or so.

Hopefully, tomorrow is as uneventful.

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