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Bitcoin Hodling Challenge - 0,2 BTC milestone reached + 1,5 month earnings recap

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empoderat
@empoderat
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What a mad last days have been. Not even time to post properly. I'm feeling a bit saturated at times, but with full of motivation to keep going onwards.

Welcome to my semi-weekly 'Bitcoin Hodling Challenge' report. Take a seat, fellow reader.

I'm very glad and happy to have reached the milestone of 0,2 BTC in such a short span of time. I almost didn't notice from 0 to 0,05. A couple of big buys later and you're at 0,2 BTC.

For that reason today I'm liquidating all the pending debts in Venus to quantify exactly how much I earned and to redistribute the way I'm borrowing.

Numbers stand as follows. I loaded the dip a bit early today. Should have waited for 32K$ instead of pulling the trigger at 35K$. I recognise that I wanted hard to reach that 0,2 BTC figure.

As you can see I keep violating my own rules and added ~1800$ to the BTC black hole the last 10 days.

Let's make some debts cleanup.

Before starting, this is how my portfolio stands:

And I'm currently sitting in a BNB+USDT pool with the borrowed funds.

A few tx later and with everything repaid off, the wallet stands as follows:

Not bad, taking out 1 BNB which I added the first day to transact without worrying too much I'm ending up with 3,71 BNB, which at current prices of 40$/BNB it's a pure profit of ~150$.

Not bad considering that the first days the borrowing power was very limited. I'm keeping those BNB as 'compounding material' to amplify the profits in the long term.

With all the accounting done, I'm borrowing again. Even more comfy, after the last BTC dip.

And now I'm joining the BNB+BUSD pool for a more than decent 43% APY. I don't like USDT but I get wet thinking about borrowing USDT and seeing it collapse (then I have to pay back 0, right? hehe).

I always try to keep my borrowing limit around ~50-60%.

At current prices of 33K$/BTC I'm feeling safe to exceed the 60% limit a bit more.

Still, a dip under 20K$ would be required to liquidate my overcollateralized position, and presumably, I would have more than enough time to sell some of the pool position to repay back some debt and go back to healthy levels.

Overall, all this scheme is generating around ~3$ daily with 0,2 BTC /6400$ in value invested. The daily yield is increasing daily too.

That equals to a whopping 17% APY.

3 365 = 1095$ (1095100)/6400 = 17,1%

Not counting an increase in the price of BTC and/or BNB (which I'm also expecting).

I'll keep you updated, so far the machine is working better than what I thought when I decided to start this little aventure.

Buy The F*** DIP EVERYONE DON'T LET THOSE BANKERS STEAL YOUR BITCOIN.

You can follow me on Twitter

Posted Using LeoFinance Beta