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Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financial decisions. I recommend you seek professional advice from someone who is authorized to provide investment advice.
Hey everyone and welcome to the HODLer’s Den!
Here you will find information on my crypto investment portfolio straight from a HODLer’s perspective. This section will focus on HODLing cryptos and interest-earning platforms.
Bitrue
Updates
Earn 10% APR on Songbird (SGB) in Power Piggy & EXFI Airdrop
Bitrue added Songbird (SGB) to Power Piggy on Friday, December 10 (16:00 UTC) earning 10% APR.
The platform also completed a purchase of 1,000,000 USD worth of SGB bought on the secondary market as a way of supporting SGB.
The team stated, “We feel that it is important for us to support the projects that we believe are making significant advancements in this industry, and Songbird by Flare Networks is one of the most promising projects in the entire industry.”
A snapshot of SGB balances occurred on December 12th (18:00 UTC) for the upcoming EXFI airdrop.
Bitrue Now Leads The Way With Leverage Tokens
As of today, Bitrue now supports more leverage tokens than any other centralized exchange in the world.
Leverage tokens are a special type of token that magnify the profits you gain on an asset by a multiple. For example, if you owned SOL earlier this week and watched it rise by 25%, you would have effectively made 75% profit had you owned SOL3L instead.
Bitrue now supports 106 coins with 3L and 3S pairs for each of them, providing our users with unmatched choice to support their favorite projects or cleverly play the markets.
Growth & Goals
Looking ahead to 2022, Bitrue is confident that it will become a top 10 exchange based on the fact that it is quickly bringing in high-value projects.
Using BTR Vote, many more projects are being discovered every day and very soon the platform expects to list at least 7 new coins per day.
Bitrue wants to become the exchange that all users can trust to provide access to the widest range of high-quality and promising projects around the world.
Interest Earned
The recent market pullback is definitely reflected in my portfolio. In the last 5 weeks my Power Piggy portfolio lost about 65,000 USD—a 70% decrease in value. You can use this Google Spreadsheet to track my earnings on the four major platforms I use.
I believe Bitrue updated its record keeping to show more accurate numbers for Power Piggy. If you look back at my August earnings, my portfolio surged 70% in rewards which I thought was a bit excessive but I have no accurate way to track my earnings aside from what is presented.
Below is my earnings from Bitrue’s Lockup. So far, I have accumulated 48,000 USD in interest. In the last 5 weeks, this portfolio dropped about 10,000 USD resulting in a 18% decrease in my interest gained. I am taking advantage of the current high APRs on ETH and BTC with Bitrue’s Lockup. ETH is earning a whopping 11% and BTC is earning 8.5%. Since BTC and ETH make up a large portion of my lockup portfolio, the dip has taken a toll on my portfolio. BTC is at 48.7k USD and ETH is at 4046 USD.
Conclusion & Prospect
The crypto market has been rocky the last couple of weeks but Bitcoin is still holding strong and is up overall since the beginning of the year. Regardless, Bitrue is still making a lot of progress and thinking ahead to the future. It is adding plenty of new projects and listing new coins every week. I am not a leverage trader, but I am glad Bitrue is leading the way with leverage tokens.
Huge price movements will definitely have a strong impact on everyone but remember to think long term as a HODLer. Looking back at Bitcoin’s price action one can see that it was super volatile and so is the current crypto market. Those that held on to their BTCs are greatly rewarded.
I will continue to HODL across all the platforms that I use. I still believe retirement is possible for me in 2022.
Each week I will report on a different interest-earning platform that I use—mainly, Celsius Network, Bitrue, Crypto.com, and BlockFi.
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What I Am Doing
This section is dedicated to paid subscribers as I will go into details of what moves I am making with my interest-earning portfolios.
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