The latest price action of Bitcoin makes it hard to keep it up with the sats accumulation rate which I previously had considered
Price is currently dancing around 27.000$/BTC in 'no dips season' and the signs of 'slowing down' aren't clear yet. Bitcoin is in full frenzy mode and all the alt players (like me) have been watching from the sidelines with expectation.
Wen altseason? Soon though.
Welcome to a new edition of my hodling Challenge, it's the fourth week and almost closing the first month of sats accumulation. It feels like a long time to be honest!
This Christmas I have decided to gift myself a couple of Bitcoin spot buys, and so far so good! Much better than buying lottery numbers.
Do you know that Christmas Lottery is something very traditional in Spain (the draw takes place in the 22nd this year) and every citizen spends on average ~72€? That's a lot of money!
These are the updated numbers:
Note that the current value '1548$' is assuming a 25,8K$/BTC.
Today figures (at 26,7K$ while writing) are something like ~1602$.
Assuming that the total dollar value invested is 1264$, I'm already up a nice ~25%
Good boy Bitcoin!
If you have been reading me from quite a time, probably you know that I'm not very conformist and I like to twist things looking for the maximum possible APY%.
At the beginning tried the most conservative approach possible with the Venus protocol. Supplying BTCB in exchange of stablecoins, combining it into a pool in pancake for a 22% APY.
This ROI is great, but the underlying tokens not. I don't like to hold stablecoins. I believe it's better to hold fiat instead. For that reason, I switched all my stablecoins for more BTC, which is compounding through beefy.
I'm finding this model very profitable (it acts as a leveraged-noncustodial position on BTC which also generates interest). And I'll probably keep it as it is for some time.
Let me breakdown all the scheme, which currently has two differentiated parts:
Main 'BTC' is supplied through Venus, and I'm also minting VAI (Venus stablecoin).
Supplying BTC has an APY% of 3,59% and minting a 31,87% one (on the minted value).
If I count all the profits generated daily, they're on the range of ~0,75$ daily, which multiplied by 365 would equal to 273,75$! Taking into consideration the 'main investment' of 1602$, we're talking about a 17,08% APY.
This is great if you ask me. Feel free to copy me.
I have to go, familiar dinner waiting...
See ya! Have a great entry of the new year in case I'm not writing for a few days :)
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