If you had started reading my blog last year, you might have multiplied your fortune by 7 times.

Dear readers,

YES! We have Excellent EXCELLENT bullish run for bitcoin this month and last month!

I wrote about bitcoin last year march.

Recalling a picture from that post:

A year later now…

New high again today.

Yes, I have amassed quite a fortune in investing in bitcoin from 1 year ago. 🙂 🙂 🙂

It is easy to see that i have multiplied my investments 6.8 times. I have sold some and am still holding on to my position from a year ago.

What is the strategy for bitcoin investing in 2017?

I would think that buying bitcoin at its high now does have its risks. For e.g. it can drop tomorrow again and you have to hold it until your hit your desired target. The safe option would be to buy it in an amount that is not saved for rainy days.

So the keyword is to DIVERSIFY your bitcoins in short and long term.

I have bitcoins in an amount that is for short term profits – meaning buying when bitcoin prices dip and selling when it hit my profit %.

And for my long-term bitcoins investing strategy, i lent out my bitcoin at poloniex when the bitcoin prices are UP. The reason is that people borrow bitcoins for trade margin at poloniex. And the daily interest rate recently on average is 0.1%. Excluding the compounding, the annual principle rate works up to *drum roll drum roll* 0.36% !

This means that if you lent out 1 bitcoin at poloniex at 0.1% daily interest rate, in 1 year’s time, you would get neat profits of 0.36 bitcoin. And that is excluding the compounding.

The down side is you have to pay 0.15% fee of the earned interest to poloniex. But that’s actually not a lot when compared to the amount you are actually making daily and compounding might help to offset the fees.

And relatively passive income, other than logging in and a few clicks here and there.

In other words, let it roll, let it roll. *sing*

IMPORTANT: I am merely sharing my experience. I am not a professional investing expert. Do your own research!

Alternate coins ICO

June is also a month full of new alternate coins ICO. I will soon research and talk about each project in this blog here.

Do watch out this space!

Follow me on my twitter @alicahuca

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  • GMGH

    Hi Alice!

    I just discovered your blog and realized that we have a lot of overlapping interests!

    You seem to have gone much further down the rabbit hole compared to me in cryptos. I’ve only recently re-ignited my interests for it. Are you swimming in profits now? Haha!

    I’ve actually signed up for Steemit a while ago, but I did not realize just how profitable it could be! I think I should start focusing on creating content there perhaps. It is a lot more lucrative than blog ads?

    I’m very curious about the June ICOs that you mentioned. Is it happening in 5 days time by any chance?

    • contact@coinbitgold.com

      Hi GMGH,

      Haha yes, mainly because i hold my bitcoin, that’s all 🙂

      Steemit is definitely more profitable than blog ads. I have also earned steem dollars and cashed out for bitcoin which i hold. And some of it are still in steem power, which i planned to let it roll for now. What is your steemit account?

      haha keep watching for this space. Some might have passed by the time i write it though 😛

    • Hi GMGH,

      Haha yes, mainly because i hold my bitcoin, that’s all 🙂

      Steemit is definitely more profitable than blog ads. I have also earned steem dollars and cashed out for bitcoin which i hold. And some of it are still in steem power, which i planned to let it roll for now. What is your steemit account?

      haha keep watching for this space. Some might have passed by the time i write it though 😛

      • GMGH

        Hi Alice,

        I’m gonna try to write more on Steemit then! I still don’t quite understand how it works, which is why I’ve been a bit apprehensive to use it. It is free though, so no harm, haha!

        How do you change your STEEM to other coins? Changelly?

        My user is @gmgh heh

        • Hi!

          Basically you get payouts in steem dollars and steem. You can send your steem dollars and steem to poloniex.com for trading to bitcoin 🙂

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