3 Ways to gain interest from your Bitcoin holdings in the upcoming 20 dayssteemCreated with Sketch.

in #interest7 years ago (edited)

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I am always on the lookout for good opportunities, to increase my bitcoin holdings with low or no risk involved. Since there a some very lucrative opportunities in the upcoming days, I will summarize them in this article and show you how much money you can gain from each one of them. I calculated the interest based on a theoretical holding of 10 Bitcoins. If you have more or less, you just can just divide/multiply the amounts, to get your personal estimates.

There are three good options available in the next days:

  • Margin-Funding
  • Byteball Airdrop
  • Stellar Airdrop

I will explain every one of them in detail now:

Margin-Funding:

You can lend your Bitcoin (and also altcoins/US Dollar) holdings on exchanges like Poloniex or Bitfinex. If you trust the exchanges, then there is not much risk involved. The platform basically takes care of everything from the liquidation of the loans to the repayment of your funds.

Currently you will receive ~ 0.15% interest per day on your Bitcoin loans. This sounds not like much, but projected on the year, this results in an interest rate of ~ 55% (not even considering compound interest).

So how much do you earn in concrete numbers?

0.15%/100 * 10 Bitcoin * 2600$/Bitcoin = 39.00$ interest per day

Projected to one year this would result in total interest of 14,235$

Checkout coinlend.org
-> This is a lending bot free of charge, which fully automates your lending.

Byteball Airdrop:

Byteball is a very innovative Directed Acyclic Graph (DAG) based coin, without a blockchain and without its flaws. There is also a very nice and functional wallet and rapid development. The first distribution was in December 2016 and the price increased from ~20$ then to now 770$. Every month on full moon, there is a distribution round. To participate in the distribution, you just have to link your BTC address by signing a transaction. So no movement of your holdings is required.

The distribution details currently look like this:

  • Scheduled snapshot time: July 9, 2017 at 04:07 UTC
  • You will receive 62.5 MB for each linked Bitcoin
  • You will receive 20% Byteball for your existing Byteball holdings

So if we assume, you currently do not possess any Byteball, but you own 10 Bitcoins:

This will give you 10 BTC * 62.5 MB = 0,625 GB * 770$ = 481,25 $

If you just hold them in your wallet for the upcoming 5 distributions, you will profit from the compound interest and in the end you will have:

0,625 * (1.2) ^ 5 = 1.87 GB * 770$ = 1437,00$

Of course, you can link your 10 Bitcoin again in every round and you will receive additional 0,625 GB. They also generate compound interest - You get the point :)

More information about Byteball and the distribution can be found here:

https://byteball.org/

A detailed guide on how to link your BTC address can be found here:

https://steemit.com/bitcoin/@xwerk/new-cryptocurrency-value-now-up-to-usd79-24-get-gbyte-for-every-bitcoin-you-own-for-free-byteball-distribution-step-by-step

Stellar

Stellar will give away 16 BILLION Lumen on June 27, 2017 distributed over all Bitcoins in existence.

So if you have 10 Bitcoins this would result in 9,866.83 lumens:

16,000,000,000 * (10/16,215,950) = 9,866.83 lumens * 0,38$ = 374,94$

To participate you can hold your bitcoin in your own wallet. Or if they are on one of these exchanges, they will handle the distribution for you and you will get the lumens credited directly into your exchange account:

  • Kraken
  • BTC38
  • Poloniex
  • Deribit
  • Yuanbao
  • NaoBTC

More information about how the lumens can be claimed can be found here:
https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Hope this article helps some people to generate a passive income from their bitcoin holdings. If you like this article and want to read more articles about generating interest, please give me a vote up! :)

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Thanks for explaining.

You are welcome!

liked your post. upvoted. do me a favor give me a follow back.

Sure will check out your blog!

55% per year with very little risk sounds to good to be true. How do they generate that kind of return? I am skeptical.

It is not payed by poloniex, but by other users, which need the funds for their margin trading. The rate is determined by supply and demand! It is also not fixed and goes up and down...

I created this counter for the Stellar Lumens airdrop snapshot:

https://www.tickcounter.com/countdown/193941/stellar-lumens-airdrop

This is more than worth a read. I also published blogposts about stellar and byteball. I dont trust poloniex a dime. Bitfinex should be the choice if you do margin funding

Thanks, I'm trying to decide what solution to use for a wallet. I have had trouble getting a bootable linux USB working and I worry about using a desktop wallet because of hackers. Any thoughts on trezor or other hardware wallets?

Wallet for Bitcoins? Trezor is a good solution... but generates no interest :D

Is it safer? Do I need to worry about trusting a 3rd party still?

I guess you still have to trust the trezor company, since the code is not open source anymore as far as I know...

What I worry about is it seems every storage method has vulnerabilities.

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Thanks!

amazing post , plenty of sharing here , i cant resteem but follow you thank you !

Thanks for following!

poloniex has much issues right now

True, also checkout bitfinex. It also provides margin lending to generate interest!

https://www.bitfinex.com/?refcode=dwT9xqXWwQ

Thanks for explaining that. There is so much to learn, and so little time.