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.