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Bitcoin Hodling Challenge - First month completed with 2500$ in BTC value!

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empoderat
@empoderat
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Lately, I've been thinking a lot about how my current strategy for accumulating bitcoin (lending it through Venus + playing with pools in BSC) could be very valid way to keep alt exposure while holding BTC and without sacrificing a lot in tx fees.

Something that can be a bit worrisome when you're starting from 0 and can easily eat up a lot of potential profits in the long run.

If you have any doubt don't hesitate to ask and I'll redirect you to guides to help you started with Binance Smart Chain.

The last days of 2020 made an extra effort in order to purchase 'a bit more' of BTC in order to increase my game.

The intention of the challenge always has been to accumulate a max of 100-200$ weekly and during December my average has been around ~350$ weekly. For that reason, I'll reduce the weekly purchases this month to balance the weekly average (I'll keep reporting as usual).

Updated numbers:

For the first time, the value exceeds the 2500$ mark with only ~1670$ invested (in fiat value). Which accounts for a ~50% profit until date.

Incredible how you don't need to overcomplicate things to get consistent results. Remember that I started adding up in ATH? I'll keep doing so it seems.

Bitcoin keeps doing bitcoin things smashing ATH after ATH. Where it will stop? I can't know! But I'll keep riding those wave and wait for the price to stabilyze before trying to draw a TA chart:

In the grand scheme of things... this 'should' be only the beginning.

Venus Stats:

In the Venus side, they changed the rules and made minting VAI worthless since now you need to stake it into a vault.

Instead, I decided to borrow BNB+BUSD and stake it into a Traphouse pool + beefy Vault for an excellent APY.

0,16% daily for holding a stablecoin + BNB (both Binance backed) bring it here.

I'll just let that to slowly compound while BTC keeps doing their thing (always taking in mind the collateralization ratio were I'm being a bit greedy).

Let's see how January numbers progress, but a ~1000$ profit until now it's huge!

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