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Wednesday, April 20, 2016

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)