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RE: wiser tries out two Bitcoin savings vehicles
I'm saving my BTC on freebitcoin as well, but I'm also using it in conjunction with one of my moonbitcoin faucet accounts as well.
This way I collect instantly in Xapo with one moon account and areceive weekly payment into my savings.
I appreciate your post. You actually solved a query I had so it's perfect.
Do you know anything about BTC lending? I want to get in on that I just don't know where to start. I've read so many mixed reviews.
Thanks & praise. V
I do that too, actually. I have a Moon Bitcoin faucet that pays into my Free Bitcoin account, which will no doubt skew the results further.
I used to invest in loans back when BTC Jam allowed US investors. I haven't ever looked through and calculated my gains and losses, so I couldn't tell you that. A lot of loans default, so that is a big risk with investing directly into loans. With pool investing, you aren't as vulnerable to the risk of defaulting. I think defaulted loans represent less profit as opposed to loss of principal.
Yeah, I've been seeing the same type of information around the web. I lost so much when I was starting out with crypto. I'm not willing to loose more.
I got the idea to link up my moon BTC to my freeBTC accounts in a comment I saw on here. Perhaps that was you. I don't know why, but I feel pretty strong about it.
Thanks and praise regardless. I appreciate your responses, they've induced a psychological liking. Beyond my control, but not without meaning.
Thanks again for your time. V
The way I see it is that with crypto you almost have to expect that you will lose some from time to time. It's part of the nature of the beast I think. When you're first starting out this can be difficult, but over time I recommend diversifying. So, now that I know about BTC Pop, I have my savings Bitcoin split up between two platforms. If one platform fails at least I have the other platform. And you also have to respect the adage to only invest what you can afford to lose from the beginning.
I've built a rather profitable portfolio and diversification was definitely key. And never investing what I can't afford to lose is one of my golden rules, I just hate losing it is all.
Very wise and appreciated advice as always. It's always good to have contingencies I need to get on that.
Thanks and praise for your time and response.
V