Rebalancing Bitcoin Investment November 2016

This month is similar to last month. All BTC-based investments lead the growth, while the fiat-based investments is stable close to 1% growth. This month is the second best of this year, after close to 120€ profit in June due to BTC gain too.

Highlights:

1. BTCjam, BitLendingClub, Bitbond and BTCPop are in the lead due to BTC price gain. So, we list them on the top rank now due to their performance in the last 10 months.
2. Mintos and Twino are stable as usual because it is based on EUR. IDR-based Amartha is stable too. So, I put the in the middle rank now.
3. EUR-base Bondora is stable too. But, it has no buy-back guarantee. So, I put it in the bottom rank. 
4. GoldMoney comodity is still losing value is short term
5. FreeBitco.in keeps dripping satoshis from its faucet

Rebalancing Bitcoin Investment October 2016

BTC-based investments are performing great. EUR-based investments are now stable after I exit the stocks market. IDR-based investment is already performing well. Gold-based commodity is losing value erasing last month gains.

Take aways;

1. BTCjam, BitLendingClub, Bitbond and BTCPop are in the lead due to BTC price gain.
2. Mintos, Twino, Bondora are stable as usual because it is based on EUR
3. I am getting into IDR-based Amartha now due to low-risk micro-credit strategy very similar to Grameen Bank.
4. GoldMoney comodity is losing value is short term
5. FreeBitco.in keeps dripping satoshis from its faucet

Rebalancing Bitcoin Investment September 2016

Both BTC and Gold price rebound. So, all investments in my my portfolio is positive, except the stocks. So, I liquidate it.

Take Aways:

• I am exiting the stock market due to continuosly bad performance for three months straight.
• BitGold is rebranded to GoldMoney and gaining value this month due to better gold price. I recieved $2 bonus on my birthday from GoldMoney. Thank you.
• Both EUR-based Mintos and Twino is profitable as usual. So, I inject €200 into Twino to reduce imbalance between EUR and BTC investments. Bondora is still has no movement after giving me €5 bonus last month.
• All BTC-based investments are profitable, including BTCjam, BitLendingClub, Bitbond and  BTCPop.
• The FreeBitco.in faucet is still giving out satoshis slowly.

Rebalancing Bitcoin Investment August 2016

Overal, this month is the worst yield ever at negative 0.66%. Bitcoin price is going down more than 10% after the Bitfinex hack. Unfortunatelly, USD, Stocks and Gold prices are also depressed and cannot counter the loss in BTC-based investments.

Take Aways:

• BTCjam is still looks like the most stable investment with average monthly yield on 6.11%. This seems to be about right, because its not far from Loanbase average yield of 4.53%.
• Both EUR-based Mintos and Twino is stable as expected with average monthly yield about 1%. So, I am trying to increase my EUR-based portfolio to gain some stability next month.
• Both Mutual Fund and GoldMoney is weaker this month, yielding negative growth. Bitgold is rebranded into GoldMoney this month.
• Most BTC-based investments are sufferings from BTC price drop after Bitfinex hack. This includes Loanbase, Bitbond and BTCPop.
• No luck with FreeBitco.in yet. I will keep playing until now and then, until I hit jack pot.

Rebalancing Bitcoin Investment July 2016

Bitcoin price is going up after Brexit vote and The Halving. Stock market is still weak, falling into negative territory.

Take aways:

• The growth of ING Mutual Fund is weak and falling into negative in March, May and July
• So, I will keep investing on Buy-back-guaranteed P2P Lending, such as Mintos and Twino, to provide some stability (around growth 1% per month)
• All bitcoin-based investment are growing modestly (BTCjam, LoanBase, Bitbond, BTCPop)
• I am starting to invest in gold as commodity via Bitgold. However, I purchased it using Bitcoin. Unfortunately, the volatitily of Bitcoin and Gold price cost me back 6% this month.
• I am starting to speculate on Bitcoin Faucet FreeBitco.in

My experience buying Bitgold via Bitcoin:

• I transfered 150 Euro to my Bitcoin Exchange and attempt to buy Bitgold directly from my Exchange wallet. This is a bad idea because Bitgold has 15 minutes deadline to transfer Bitccoin in. So, I transfer it via my 3rd party wallet instead.
• You can only put your gold in Dubai if you buy it via Bitcoin.
• The price-locking is immediate, however the confirmation that the gold entered the vault in Dubai takes longer, especially in the weeked.
• So, I lost 5€ to Bitcoin price volatility before locking the gold price on July 10th. I then lost another 5€ due to Gold price volatility ten days later.

• I am convinced that this is shorterm volatility, in long term gold performance always outperform fiat currencies. Bitgold point this out in its bi-monthly newsletter.

Rebalancing Bitcoin Investment June 2016

BTC is going up, pushing all of my portofolio up. Stock market is still weak, keeping ING Fund as the least performing as usual.

Take aways:

1. Overtime, the EUR-based investments (Mintos, Twino and ING Fund) is suprisingly close to each other at around 0,9% yield per month.
2. Overtime, all BTC-based investments (BTCjam, LoanBase, Bitbond, BTCPop) outperform the average.

Mintos promotion:

1. Get 1% credit for the first 3 months for new registratio using this link: mintos.com
2. This site will get small credit as well, when you register using that link.
3. The reward will be calculated based on the average daily invested balance over a 3-month period and paid in three installments — 30, 60, and 90 days after the registration date.

Rebalancing Bitcoin Investment May 2016

USD is going flat against Euro. This allow some Mixed-currency investment to have a modest gain. Unfortunately, BTC investements are slightly losing value againts EUR.

Take aways:

1. EUR-only loans on Mintos and Twino is starting to give 1% gain. This is matched by mixed-currency loan on Bitbond. 
2. Stock Market gain is weak for the last three month. So, My ING Fund investment is slightly losing value. I have been investing on it for a long time. It is just now that I am tracking its value.
3. BTCjam is consistently giving above average gain for the last 6 months.
4. Loanbase loans losing more value than BTCPop. This is because of 10%+ default rate on Loanbase, in addition to BTC losing value againts EUR.

April 2016 has the highest late and default rate on Loanbase.

Rebalancing Bitcoin Investment April 2016

USD declines further against EUR. However, this time BTC break free and actualy gains a bit. So, from Euro perspective, it seems Bitcoin is less volatile than US Dollar this time.

Our last month strategy is starting to pay. Mintos EUR-only investment is giving stable early returns.

Take aways:

1. I might abandon trading entirely, due to underperforming Trading Margin Funding on Bitfinex and Trading Bot on Bitstamp.
2. This month, any trading strategy just cannot compete on just holding on Bitcoin at BTCPop Instant Account.
3. If you live in Eurozone, it is proven to be profitable to invest on P2P Lending platform, such as Mintos. 
4. My investment in its competitor, Twino is not yet profitable because I have just started with it.
5. Bitbond is not performing well, because of cash drag. Some of the funds are trapped "in funding" loan and then returned because of the loan failed to get fully funded.

My fair price calculation, when selling notes on BTCjam:

1. I am manually selling some late notes on BTCjam. People are buying some of that notes apparently.
2. true-invested = invested - received
3. fair-price = average(remaining + true-invested)

For example:

• invested = 0,02
• recieved = 0,01
• remaining = 0,02
• true-invested = 0,01 = 0,02 - 0,01
• fair-price = 0,015 = average(0,02 + 0,01)

Rebalancing Bitcoin Investment March 2016

US Dollar declines against EUR and dragging BTC along this month. So, diversification between USD and BTC do not make sense anymore. I have to diversify into EUR as well, as soon as possible.

Take aways:

1. BTCJam is still gaining profit. This is because it calculates account values based on future receivables as well. However, the profit is halved this month and it is not enough to offset loses from other investments.
2. Other investments suffer from low USD, low BTC or both. This is dragging down the entire portfolio into red.
3. The BTCPop Pool is the biggest loser. I will move most of the funds there to BTCjam. I am keeping funds on Loanbase, the second biggest loser. This is because, I am still putting it on trial since last month.
4. Virtually all loans in my portfolio are currently not in EUR and unsecured. So, I am starting to invest in Mintos. Most of its loan are in EUR and secured (with property or a car)

 Choosing Euro P2P Lending:

1. I am not investing into Bondora, right now, because its loans are unsecured like the rest of my portfolio. So, no diversification there.
2. I am not investing into Twino, right now. Most of its loans are payday loans. My decision stays, even though most of its loans are secured with buy back guarantee,
3. So, Mintos is obvious choice right now. I just want to diversify on Euro business loans, car credit and mortgage right now.

Rebalancing Bitcoin Investments February 2016

Bitcoin price is up, however US Dollar is going down against Euro. As result, this month is a reverse of last month. Bitcoin heavy investment, such as Loanbase and BTCPop, has positive cashflow, while USD-heavy, such as Bitfinex has negative cashflow.

Take aways:

1. BTCjam has balanced loans on Bitcoin and USD. So, it is not affected too much by fluctuation.
2. Loanbase loans are almost exclusively in Bitcoin, similar to BTCPop. So, they benefit the most from increasing Bitcoin price.
3. I manage to get positive cashflow on three P2P lending platforms. Bitbond could be the fourth patform in coming weeks.
4. Bitfinex loan has been interrupted several times this month. This is causing my money sit idle doing nothing for several days. I might divest from Bitfinex because of this.
5. My trading bot has made several good trade this month. But, the yield is low and cannot overcome transaction fee and declining USD exchange rate.

I have confirmed with Loanbase Support that there is no automatic way to calculate Loanbase Account Value. So I have to calculate it myself:

• BTC Account Value =  Total + Autoinvest Balance + Invested - Repaid
• USD Account Value = Invested - Repaid
• BRL Account Value = Invested - Repaid
• To get the Loanbase Account Value, convert all of them into the same currency, such as Euro, then add them up.

Rebalancing Bitcoin Investments January 2016

January is a rough month. Bitcon price drops 10%. Fortunately, some of my investments are either tied to fiat or have high yield to counter it.

My rebalancing decisions:

1. I am starting "three piggy banks" this year. My goal is 10% of my net salary should go to high yield investment, 10% for rainy day, 10% for social/donation. Initially, I will inject 50€ worth of Bitcoin every months and rebalance the portfolio for maximum yield.
2. I empty my 0,3 BTC idle wallet, because the Bitcoin price is 10% down causing negative 10% yield. About 100€ rebalanced to "Loanbase AutoInvest". It is still under 1% Yield/month. Maybe because loanbase is slow on funding loans and most loans are on BTC.
3. My self-made trading bot is still losing money. I have rebalance it last month into the minimum. So, I don't have to do it again. It is getting better though.
4. I rebalance 50€ "BTCpop 5% APR Saving Account" into "BTCpop A-rated Pool Account". It was losing money due to Bitcoin price down. I am hoping, moving into higher yield account should offset the price fluctuation.
5. My Bitfinex Margin Funding is going steady at 0,004% daily. So, I am not going to touch it.
6. My 50€ capital injection goes to BTCjam Autoinvest. There are two reason it has good yield when Bitcoin price is down: First, a lot of the loans are tied to fiat currency. Second, no default loans yet, because I am a new member.

Yield calculation:

1. The capital-growth is account-value-this-month minus last-month minus capital-injection.
2. The yield of Trading, Pool and Margin Funding is simply the capital-growth divided by account-value-last-month. This is simple-yield.
3. The yield of Loan Funding is simple-yield divided by 12. This is because most loans have 12 months duration.

My dream:

• This month the total yield is 3,5% or 42% APR. This APR is bigger than in the typical Business/Property ROI in Money Race 2 game.
• In Money Race 2 game, I can reach financial freedom in 50 turn or 1 year equivalence (1 turn=1 week). This is due to 1000+ $/€ capital injection each month. In real life, I hope I could reach financial freedom in 10 years or less with less than 100€ monthly capital injection.