Last week’s time with the “crypto guy” was mainly filled with rebalancing my ETH/USDT position. I don’t know if I could do it perfectly by myself yet, but between the video of my lesson and related videos, I might be ready. Where the original liquidity pool (LP) range was about 3,000 – 4,000, it is now about 3,300 – 4,300.
When the ETH trades above the range in the liquidity pool, the pool doesn’t make any money. I was glad the crypto guru prioritized the rebalancing of this position. I am hopeful this position will keep making money and not need rebalancing for a few weeks. And, if it does, I am slowly gaining the confidence to rebalance myself. When the ETH/USDT position was rebalanced, all of the earnings were rolled back into the LP. The “Profit and Loss” was reset based on the price at the time it was rebalanced.
Finally, we went over how to set up my wallet. We finished setting up the electronic part of the Trezor. We only used examples of setting up the wallet to protect my key phrase. There were multiple stages of redundancy to try and eliminate any errors. Once you complete your crypto wallet, the tablets aren’t worth much if done incorrectly.
My Cryptotag wallet. I finally got all of the redundancy. And, of course, I am not showing a picture of my completed one.
