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Friday, August 19, 2016

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.