1 ETH Challenge

Updated: 30 September, 2022 seen 21

I have a plan to invest slowly and gradually into Ethereum coin, my goal is to own 1 Ethereum and sell call options on it using the Deribit crypto trading platform.

I have been familiar with the Ethereum coin since mid-2017, at its highest I held some 12 ETH coins, which I sold back when it was trading at around $200. Huge was my regret seeing ETH trading around $4,000 per coin a few years later. Well, what to do?

Disclosure:  This article contains affiliate links to deribit.com bitcoin options trading website, by clicking on links on this page and by investing with deribit, I will earn affiliate income at no cost to you. Also, I'm not a financial advisor and I don't give you any advice, I'm just sharing my own experience. Investments in stocks, funds, bonds or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.

Instead of buying 1 ETH instantly paying about $1,350, transfer it to the platform and start selling covered calls. I decided to use dollar-cost averaging and grow it slowly.

I plan to invest every day in buying 0.01 ETH coins until I will reach 1 ETH.

By September 30, 2022, I have already invested EUR

€354.85 into 

0.26053174 ETH coins, with my average buy price being

€1,362.03 per ETH. Additionally, I've made  0.0082 ETH (or about 3.15%) from my initial investment by trading call options (vertical spreads) on the deribit platform in 14 days

My plan is to sell covered call options once I will reach 1 ETH, right now it seems I could make about 0.002-0.003 ERH/day per coin. 

I'm looking to reach 1 ETH coin by December 13, 2022

Interested to learn more? I'm offering paid - online live course Selling Covered Call Options on Crypto (BTC/ETH/SOL)

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