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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
Temporary Twitter Account
According to Bitrue, the Twitter account @BitrueOfficial has been temporarily suspended due to an error on Twitter’s end.
Our main Twitter account @BitrueOfficial has been temporarily suspended as Twitter mistakenly believes that the operator of the account is under 13 years of age. We have submitted documents to them to prove that this is not the case, but unfortunately their response time is slow.
For the time being, if you want announcement tweets from Bitrue, start following @AdamONeill2020. Announcements will resume on @BitrueOfficial once the problem has been resolved.
Yield Farming
The third yield farming opportunity on Bitrue just finished a couple of days ago and rewards have been distributed.
Farmers had to invest both Bitrue Finance Token (BFT) and Ripple (XRP) in order to earn Stellar Lumens (XLM). This time around, the yield is based solely on one asset, versus the normal two assets, and it was based on the amount of BFT locked up. This is one step towards pushing more utility for BFT but so far it has not paid off given that the price still remains below 0.1 USD.
Bitcoin Cash (BCH) Hard Fork
Bitrue supported the BCH hard fork that occurred last month. A new coin has been created called Bitcoin Cash ABC (BCHA). So if you held BCH with Bitrue, you can expect to find BCHA in your wallet.
1. On November 20th a snapshot of all user's BCH assets held on Bitrue was taken.
2. BCH functionality will be restored on November 30th. Deposits, withdrawals, and trading will all be enabled at this time.
3. BCHA will be distributed to BCH holders on Bitrue according to the snapshot. This airdrop will happen on November 30th.Â
4. Trading for BCHA will begin on a later date. The trading pairs have yet to be decided.
As of writing this article, the BCHA airdrop has been completed on Bitrue.
Interest Earned
I love looking at my earnings from Power Piggy and with the recent bull run, my portfolio grew quite a bit. In the last 4 weeks, my Power Piggy portfolio grew by 3482 USD—a 52% increase in value. You can use this Google Spreadsheet to track my earnings on the four major platforms I use.
Below is my earnings from Bitrue’s Lockup. So far, I have accumulated 7746 USD in interest. In the last 4 weeks, this portfolio grew 50% resulting in an extra 2585 USD in earnings.  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, it makes sense why it is up so much. BTC is at 19k USD and ETH is at 592 USD.
Overall, my Bitrue interest earnings grew 51%, netting me a total of roughly 6067 USD.  Given the recent mini bull runs, these numbers will only be a tiny fraction during a true massive bull run.  The great thing about HODLing is that I am dollar cost averaging (DCA) into these cryptos which have huge potential to pump during the next cycle. In my Bitrue Progress Report 4 months ago, I made over 3000 USD in interest in just 4 weeks and once again I am seeing record-breaking gains—the power of compounding is starting to be quite noticeable.
Conclusion & Prospect
Bitrue’s interest-earning rates remain competitive despite new competitors and DeFi (decentralized finance) protocols that offer the same services. Since the crypto space still remains fairly nascent, new users will be more comfortable starting off with a CeFi (centralized finance) platform such as Bitrue.
Yield farming was hotly promoted and so far Bitrue only released 4 pools for farming opportunities despite advertising 7 pools at the original announcement. I participated in 3 of the pools and I have not lost any funds which is a good sign. I hope Bitrue will provide more opportunities down the road for yield farming.
I feel like Bitrue is struggling with ideas and ways to promote its utility tokens, BTR and BFT. Yield farming was supposed to increase the value of BFT but it still hovers around or below its target price of 0.1 USD. The price of BTR also remains stagnant even with the popularity of Power Piggy. Hopefully during a prolong bull market, Bitrue’s utility token will hit price discovery as I believe the platform still remains unknown to many investors.
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.
You are currently reading the Free Version. If you would like more information, please consider switching to a paid subscription.
Each week I will report on a different interest-earning platform that I use—mainly, Celsius Network, Bitrue, Crypto.com, and BlockFi.
If you are new to crypto or have considered joining new platforms, check out this referral sheet which organizes everything into a simple chart—you can earn over 250 USD in bonuses!
This is part of the FREE subscription package that goes out to hundreds of investors. I also have a paid subscription package which includes exclusive content and insights. To really get the most bang for you buck, check out my bundle packages through Patreon.
For a limited time I’ll also be offering an option to pay in DAI. Using this method you’ll get an annual subscription for only 50 DAI.