You are on the right path, keep going!! Read Jumperzee's post Again!!!!

I use my wire "As Is "

I run 12-30 coyote traps per season. All are spray painted flat, dark colors. Then dried for at least a couple days. Mostly to get rid of the odor. Then dipped in full metal jacket. Twice as per the instructions.

If I’m going to strip off last year’s paint, I do it in an old cement mixer with 1/2-3/4 inch gravel. About 6 at a time for 5-10 minutes per batch.

Spray painting 12-30 traps takes about half an hour. FMJ takes about 20 minutes, each time. I do all this when I stop trapping for the year.

Using cheap spray paint (flat primer works too) is easier tho not as cheap as log wood or nut hulls. FMJ is less dangerous and less time consuming than heating wax on a hot plate or open fire.

Time is money, gentleman. Clean-spray-dry-dip and be done with it.

In over 50 years, I’ve never dyed the wire. I doubt the critters see it and I’ve never had a trap stolen that was on a wire/cable drowner.

The wire visibility wasn't my concern, it's the odor. The wire I get is almost dripping with oil. Just a little handling and the oil mixed with the mill scale from the steel and my hands are black and I can easily smell it.
So in the past I boiled to rid it of that mess then dyed it to keep it from getting as rusty.