So some of you might have a developing interest in the cryptosphere – that is to say blockchain technology, Bitcoin and other cryptocurrencies, often called altcoins.
There is enormous volatility in the cryptocurrency market and it’s definitely not for the faint-hearted. That said, I have been profitably trading this market for some months now and achieving some really quite spectacular yields of 100-1,000%+.
You might have bought a little bitcoin, or possibly heard friends (or your kids) talking about it. You might have an account on Kraken, Binance, Coinbase (recently had an IPO), Kucoin or another centralised exchange. It might be that you’re curious and have the risk tolerance for decentralised exchanges and the staking and farming opportunities that are available there and the attendant returns.
Here is one example of something in which I’ve invested. It’s a PAIR of BNB/WEX. Wex is currently at $.014 (14 cents), so the 2,147 WEX I have earned from the 992% APY is worth approx $300. This is since yesterday. I have slowly been adding to my liquidity provision (LP) for a couple of weeks and it’s now providing some nice returns. When I feel the time is right, I will convert these tokens to USDT/USDC (both pegged to the $), transfer them back into my account and swap them for £. If you’re curious, there is $79m staked in this pool. This NOT FINANCIAL ADVICE, neither is anything I might tell you over the phone or online. I’m happy to share details of my portfolio or the returns available on specific investments, but it’s MY OPINION, that’s all. I am not a big player nor have years of experience, but I’ve made £20k in 3 or 4 months on a fairly modest outlay. This will be loads to some and ‘chickenfeed’ (to use a Boris Johnson term) to others. A great deal of even the most complicated or techy stuff can be learned just by watching some youtube channels. I must confess though, when I first got into this world, I was very grateful to have the advice of an old uni friend who’s experienced in such matters, looking over my shoulder, so to speak…. Should you wish to pop round with your laptop, or have a consultation over the phone, my fee is £60 for 2 hours. There’s quite a lot you can do yourself ahead of the consultation to get the best value for money. Wishing you the very best of luck in your endeavours….