Gain Solid Profit with 8 Bit

   Gord's      Updates

 The ventures and companies I   present on my site have no   guarantee of producing a profit   for members involved. It's   always wise to follow the   Golden Rules of investing such   as setting aside funds for   'investment' account(s)   separate from household and   family money.


 


October 27th


There was a lot of talk about Gold a couple months ago while there was a steady increase in the price per ounce but it kinda stalled these days with regular fluctuations now. When some investors get nervous with the stock market they move to Gold. When the pandemic slows down .. will that steady increase in price continue for Gold or will the US President decision for the next 4 years influence the yellow bars? All questions no one has the answer to but some have poured in billions and are betting on it.


On the crypto side ... PAX Gold (PAXG) sort of mimics the price of Gold and is backed by actual Gold. Nexo just recently added PAX Gold to their list of interest earners. 5% APY, accrues daily and compounds. Nexo made the move after some of it's near million members suggested they would like to see PAX Gold added.


Remembering this is not a stable coin and fluctuates but rare a person can earn interest on Gold.


As of this posting. Pax Gold is worth $1905 USD. Actual Gold per ounce is $1908.30 USD so not much of a margin there or gap. Up $6 today so far


I can swap Bitcoin for PAX Gold on the exchangers I use.


October 24th


8Bit... sent an instant payment of USD, which I converted to Bitcoin shortly after.


AdViev completed a quick Litecoin payment to my external Wallet yesterday and I further funded.


Binance... I'll be completing my first 7 day run of USDT in their locked Savings 'interest added' tomorrow and I'm pleased with the result. I've entered into longer term plans as well. Reading their Blog, they are adding new stuff with explanations on a fairly steady basis peaking my interest. One still has to bear in mind that there is still risk involved as mentioned on the site.


October 21st


Tezos remains one of my favorite coins to Trade and Stake. After reaching a high of $4.45 USD each on August 12.2020, it's settled back to it's 'normal' range the last couple months of around $2 USD.


I bought a bunch of Tezos (XTZ) yesterday at $2.07 and sold today for $2.15 on Kraken and continue to 'stake' Tezos separately on Kraken.


Browsing around in Binance yesterday, I seen an update about Tezos being added to their 'locked term' De-Fi Staking plan so I added Tezos to that for a 60 day term @ 11% APY and I'll update on the progress soon. I find these 'interest bearing' plans interesting.


Note: There is the option to pull my Tezos out of the locked plan when I want but I will lose the interest gained for opting out early. I have no plans to do that.


Meanwhile, Bitcoin continues on a 'run up' today around the $12,900 USD range at this time. Highest price this year for the top coin in crypto by market cap.


October 20th


Mirror Trading ... sent Bitcoin my way yesterday evening.


Big Investor ... has moved up to 11% per day.


Binance  ... moved into their 7 day savings plan with USDT (Tether) which comeds with a rate of 6.31% APY. Testing that after reading the related FAQ, general info and tutorial but as always, 'doing' is the only way to find out the end result which I'm sure will be a gain.



October 17th


After 3 Bitcoin payments since the new run started with Big Investor, I further funded. Currently earning 10% Monday to Friday (1/2 on the weekends) with no 'Levels'  so far ...  just normal withdrawals are being paid out. Normal, meaning no Priority withdrawal placing when 'Levels' come into play later.


10% looks high risk but comparing to the DeFi world these days and wicked high farming percentages, I'm comfortable with it; being through a few 'runs' now but the 'game' as I call it, remains risky anticipating the managers next move in that laddered compensation format.


Nexo ... what I call probably the most easy to understand and clear 'DeFi like' site .... earning over 0.06 a day now while that gets added to my principal and compounded tomorrow with the APY system. No high Ether gas fees to deal with. Just fund from my crypto Wallet and withdraw when I want but looking to go long term there.


October 14th


A 'Staking' we will go.


I added to the Staking plan on Kraken ... 12% on DOT tokens. There is no term length with Kraken. I can withdraw from the Staking plan to my Kraken wallet at any time. A feature I like. I continue to hold Tezos coin there earning 6%.


Nexo ... I added to that site today and that boosted my stable coin ... USDT's APY to 10%. 


Now that you are steadily earning interest, you can benefit from Nexo’s 25% bonus interest by keeping 10% of the holdings in your account in NEXO Tokens. With the bonus rate, your APY rises to 5% for crypto and 10% for stablecoins and fiat.


October 11th


With my sort of 'play by play' of the Big Investor compensation 'run' ...  A new run is now being prepared for a start and I'll fund tomorrow with the starting 10% per day on Premium Pack ($10) purchases. So that concludes the current run that has now ended and provided another decent gain.


October 10th


Big Investor is now at the top of it's 'laddered' compensation plan starting at 10% ... now at 50% with a Level 4 in place for priority payments from earnings from Premium Packs bought at Level 4. A reset is not far away and the start of another 'run'. Looking forward to that and in the meantime ... Bitcoin payments continue to come into my external wallet.


On the DeFi front ..  a lot of folks from the start wanted to earn 'interest' on their Bitcoin they hold but the majority of DeFi is built on Ether and related smart contracts. Eventually, a solution was found and 'Wrapped Bitcoin' was born called WBTC which works with the Ether built system. Of course ... probably created by 'middle people' figuring a way to collect additional fees with the swap from Bitcoin to WBTC. Meanwhile, over 600 million worth and growing is now in the works and earning interest on DeFi sites. 


Sites available to swap to WBTC (same price as Bitcoin). I found Coinlist to be the least complicated to deal with and more like a regular exchange.

https://wbtc.network/dashboard/partners


​​October 5th


Adviev sent me a payment request early this morning and I further funded.


The latest update ....


Hello, dear users. We are happy to announce about 3 months of work 🔥🔥🔥.

Our statistics for today:

Registered Members: 26192
Average number of registrations per month: 8700 users.
Alexa Rank: 11844
Number of payments: 152
Total payments: 2590.85$

Best regards.
Adviev.com




Mirror Trading also sent me a BTC payment a few hours after requesting. I can leave my principal and earnings in their 'pool' to compound from Monday to Friday interest payments or ... withdraw my earnings.


Big Investor  ... BTC payments are coming in and a compensation revision... the Acceleration Phase has been added.


From Level 2 priority payments up ... those withdrawal requests for the Levels in place will be paid. However, mgmt which sends out daily email updates ... may include only the current highest Level priority payment will be paid until further notice.


For Oct 06 ... Level 4 for priority payments on Premium packs are now active and the rate is 38%. One more hike to 50% and when that concludes ...  a new run will start once again at 10%. Latest update states ... Level 2
and Level 3 Withdrawals are STILL being paid.



October 4th


Bitcoin doesn't move much on the weekends lately, which is better than going down in price. The world stock markets begin to open in Asia (using China's Shanghai - SSE) at 09:30 their time, while I'm getting ready to hit the bunk for the night here in Canada. Stock markets around the world are not the only factors that swing the price of Bitcoin but becoming more related this year, specially the US Markets.


For example, BitMEX (an offshore operation -  all 3 owners arrested) , a crypto exchange with ... or had about 2 billion behind it, was pounced on and charged by the US Feds for illegal activity in the US.  Some members began to move crypto out right away ... around 45 thousand Bitcoin, so the price of Bitcoin dropped quickly but recovered as much of that Bitcoin flowed back into other exchanges like Gemini and Kraken.


Always something going on in the crypto world


Just a warning about the growing 7 billion dollar DeFi market ... most is based on Ether smart contracts. Miners awhile back had already been charging crazy high Ether fees, called 'Gas' and lot of complaining going on so beware. Those putting in big bucks deal with it where their return is well over what the high fees they pay to earn it.


For example, $100 to $200 moves will cost anywhere from $5 to $10 in ether for every move or transaction, when it is fairly quiet .... so ''yield famers' need that ether on hand besides the coin/token being used. One has to think if he or she will make enough to gain that back plus more for getting involved in the first place. At very busy times, that gas fee charged by Miners can explode to well over $100 to move  a few bucks worth of coins. Nuts! ... right.


Overall ... millions in ether gas fees have been spent by users of some popular Defi sites within a few months.


Me, I cringe at fees, taxes (hidden or seen) but a part of life and I'm ok with them if they are reasonable and avoid high fees whenever possible.


​​October 1st


Bitcoin has a streak going staying above the $10,000 USD mark for the first time in it's history. 66 days and moving closer to try and breach the $11,000 level.


Those who have bought or acquired Bitcoin below the 10 grand level have made easy money just by holding.


I'm mainly into acquiring and swapping from other cryptos.


The latest increase in the compensation plan with Big Investor is 28% on Premium Packs with a Level 3 priority payment level for withdrawals. I'm getting paid daily from these as I buy into the current Level for payments.



September 27th


After watching 8bit for awhile, I decided to get my feet wet back on Valentines Day of this year acknowledging the risk like all areas that involve investing money. I've been a happy camper since and follow along on their Telegram channel for updates and bonuses. 100,000 subscribers and growing.


As funds build in my coin/token accounts I also get a bonus weekly interest rate added to the amounts that compound for the following week. I was thinking of moving my coins to a DeFi site to gain interest but that comes with a fee going in and out but in 8bit, it's not costing me anything by collecting that interest growth. That, by the way, is a 'free bonus' on top of my regular daily earnings from the plans I'm involved with.


OUSD, or Origin Dollar, that I mentioned in my September 26th Blog Notes is a daily interesting paying (APY) based on stablecoins. It's in Beta and 'use at your own risk' note attached. So far, so good and I'll update about my progress.


​Origin Dollar (OUSD) is the first DeFi stablecoin that earns a yield while it’s still in your wallet. It's just as easy to use and spend as Tether (USDT) while automatically earning savings for you at rates that trounce those in traditional finance.


September 25th


I hold funds in a few different Stablecoins such as Tether, DAI, and PAX-USD. A few months ago, I used them mainly for swapping from Bitcoin when I sold some as the price went up ... gains in other words. Then swap back to BTC when the price fell to what I estimated was a 'bottom' point to recover once again in value.


Times have changed, now I have all three of those stablecoins earning interest instead of sitting idle, where that's an option in more and more sites these days. Like a crypto based savings account but collecting at a much higher rate than banks.


Do I have faith in these stablecoins? Yes and I'm not the only one. Since this time last year, 15 billion dollars have been put in these tokens/coins for a total of about 20 billion so far today. A lot use it as a 'holding pattern' for their funds as they go in and out of the riskier fluctuating coins like Bitcoin and into and out of the DE-Fi mania lately.


Big Investor continues to pay my Level 2 withdrawals daily. At this stage of the game, I just work on the current Levels for priority withdrawals. If it goes to Level 3 later ... which it will, I'll get into that. It's the way I play their system in each 'run' and works well for me. 


September 23rd


So far, I'm pleased with my stablecoin: Tether I moved intoNexoearning 8% APY. Interest is added daily to my principal Tether and that compounds for the next day's interest rate. The majority of De-Fi sites run this way and I can withdraw at any time.


I continue to look over new opportunities in this area.



September 20th


Big Investor's 'step ladder' like compensation plan has made a few increases in it's Premium Pack earning rate ... now at 22% during the weekdays with an optional Level 2 for priority payments from withdrawals. My next move is to buy more Premiums and withdraw daily for Level 2 payments. 'Normally', these are paid the following day while normal withdrawals, by my experience with these 'runs', will take longer to get paid out.


September 17th


I've been involved and funded with Mirror Trading for a few days now and the earnings that are added Monday to Friday fluctuate but averages around 0.5% per day so far. The minimum to fund is $40 worth of Bitcoin with no expiry. Shaping up to be a long term venture.


September 16


Revisiting Adviev and Kraken goes Banking


I've been With Adviev for awhile now and slowly building on my investor shares. Got paid quick today to my Litecoin wallet I'm using. Bitcoin is available but Litecoin has a lower withdrawal minimum ..$8.00. I can readily swap from Bitcoin to Litecoin and visa versa in Coinbase.


So, I've more than gained back my first share bought and purchased again today.


Big Investor ... received my first Level 1 Express payment to my external BTC Wallet and received my 'normal' withdrawal I've been getting since the start of this current 'run'. The BI system with Express withdrawals is actually kind of forced withdraws. If I don't withdraw, I can't 'carry forward' a day's earnings allotted for Express to the next day ... so I withdraw daily.


Kraken is one of my 'Fav' trading sites with reasonable fees where they carry the coins/tokens I look for and add occasionally like DOT recently. I use it as a crypto wallet as well. Been with them a long time now and today they updated they have been approved as a Bank in the state of Wyoming ... Kraken Financial with a host of services and options becoming available for US customers/clients.


That's a first for me ... joining with a crypto exchanger and now legal to start up banking operations. Cool


We are thrilled to announce that the State of Wyoming has approved Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI), and has granted a charter to Wyoming's newest state-chartered bank, tentatively called "Kraken Financial."

Headquartered in Cheyenne, Wyoming, Kraken Financial will enable Kraken clients in the U.S. to bank seamlessly between digital assets and national currencies.

From paying bills and receiving salaries in cryptocurrency to incorporating digital assets into investment and trading portfolios, Kraken Financial will be the first regulated, U.S. bank to provide comprehensive deposit-taking, custody and fiduciary services for digital assets. This new institution will be regulated in largely the same manner as other U.S. banks.


September - Sunday


Superstition and trading coin


I've always been superstitious so I don't add the date on posts that come after the 12th of the month. Oh my ... that would throw me right off and I can't have that. Does it make any difference? Probably not but doesn't hurt instead of going against the grain that conjures all that stuff up in my brain.


I bought 'DOT' the other day at $4.4503 each on Kraken and waited. Not much was happening after Bitcoin fell from 12 grand so probably spooked a lot of crypto traders for awhile. Yesterday, DOT began to move up and I sold today at $5.17 each for a gain. I'm looking to 'rinse and repeat' and as always, patience is required.


Big Investor is going into full 'percentage' days (14%) .... Monday to Friday so I'll buy more premium packs in the the AM to boost my earnings. Also with the 'Express Level" for priority payments, a member has to calculate how many Premium Packs ($10) is required to get to a $5 minimum withdrawal or over. The site provides that information as well. I'll request that daily where members can't accumulate, or carry over to the next day amounts for Express withdrawals.


There's also the option to request 'normal' withdrawals that get paid after Express withdrawals are done. I'll be doing that as well.


 September 10th


Cool Running and the addition of a 'venture'.


After several 'runs', I'm particularly pleased with the start of this one with Big Investor, where mgmt is staying longer in the lower end of their 'step up' compensation plan. Fund and cashout when able is the plan from the start and working fine as my Premium Packs expire with a 50% gain.


Update; Sept: 12th: Big Investor has moved up to 14% during weekdays on Premium Packs and 1st Level Express payments available for priority payments. 


I've added Mirror Trading and funded. Accepts Bitcoin and payments come into my account from Monday to Friday. See what the first few payments look like before I get deeper into the site and compensation plan.


September 9th


Bitcoin is edging up in price today but too early to tell if it will be an extended 'rally' after dropping a grand recently. More of interest to me is watching 'DOT'  since being introduced by Kraken and to it's 'Staking' line of tokens which included Tezos. I added Tezos into staking way back when that first started.


DOT started at $3 and went over $6 before falling back and with the recent Market drop, fell back to above $3. Today I bought DOT where I bet on things leveling off and moving up once again. DOT has already gained since I bought but too early to see where it will move in the near future. I added DOT to the Staking plan while I wait for hopefully more gains in price ... at a fixed 12%. Interest payments are added Mondays and Thursdays with Kraken. When and if DOT goes up in price high enough, I will sell DOT for USD, USDT or Bitcoin for the 'planned on' gain.


On the high risk venture side, I now added De-Fi sites to this where it is the wild west in that lawless crypto section as more scams, manipulation plus trickery news comes out daily from that sector as more sites open up.


The original few that started it all, remain running but high fees kept me out and with their governance system... an interest rate I funded for may not be available the next day. I kind of understand that where they try to balance things out with funds going in and out but new people entering will probably be miffed and disappointed at the same time. However, 'seed' funds can be pulled out at any time via the route used to fund a De-Fi, dealing with the 'exit' fees again.


But that doesn't deter thousands as millions continue to be pumped into these sites with profit goals in mind with what they call 'yield farming'.


September 6th


The biggest news from the last few days is the rapid drop in the price of bitcoin of 2 grand or more but if your experienced with Bitcoin, that will happen and occur again from time to time.


Meanwhile, it appears BTC has leveled off in the low 10 grand USD range. Where it reacts more to stock markets movements and other daily news, it will be interesting to see what happens next week when the Markets open on Tuesday, Monday being a holiday; Labour Day. As I mentioned before there are a lot more institutional players (finance and bankers around the world) involved so they have a stock market mindset and buy & sell with big bucks.


Big Investor issued me a couple more Bitcoin payments and has moved up to 12% per weekday (1/2 on weekends) on $10 Premium Packs.


With other ventures, the Bitcoin drop will once again could be a reason to close up shop for some that are not prepared for these big swings.



September 1st


In 2020, they say we have to deal with the 'new normals' ... for sure. Things have changed while other issues and basically life in general stay the same. For the most part, it's adapt and move on.


With crypto, I can see a change where Bitcoin reacts more to the stock market movements at times and so does Gold. Is this the 'new normal' for Bitcoin? Time will tell.


With the Markets down some yesterday, generally 'flat', Bitcoin and Gold began to move up in price until it shifts to 'sellers' or the 'bears' in general ... "how far will we let this go up before taking gains?"


Interesting in Trading USD for Gold and visa versa like in the market place ... only in the crypto world? PAX Gold follows the price Gold fairly closely.

​For example at this time on goldprice.org ... an ounce is $1975. On Coinmarket cap.com .. PAX Gold is $1982.


"PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company."


With the 'ventures', it's wise to 'cash out' when possible to regain principal and see some gains before getting too deep with a lot of further funding where no one knows when the end is near. That's the way I approach the high risk games.


For example ... Big Investor ... received my 7th payment since the 14th of August (with this 'run')


August 29


I received a quick payment from Adviev and further funded. 


Big Investor, remains at 10% per day on it's progressive interest scale and I received another Bitcoin payment. The next rate for Premium packs will be 11%.

My initial Premium pack purchases have expired and earned 150%. Principal plus 50% profit.


In, Nexo, I'm using the stablecoin, USDT or, Tether and earning 8% APY. What's happening there is Nexo calculates the interest based on my principal, in this case Tether (1:1 with USD) and that gets added to my principal daily. The compounding comes in where the next day's interest is applied to my 'principal + interest' earned to date. 


August 23


I'm no expert in Trading crypto but I do ok at times and important to keep up on the news where crypto is fast paced. But, I know better not to jump in and out when things don't go initially as planned like the dude in this article that seems to be some kind of celebrity although I have never heard of him before ...


https://bitcoinist.com/dave-portnoy-lost-1-crypto-investment-liquidated-bitcoin/


No matter how big or small you start in on buying/selling or trading crypto you have to get a sense of what the market is doing although you can forget trying to 'time it' .. can't do it in the stock market and can't do it in crypto either.


I've done a few trades where to my dismay, the crypto I'm trading suddenly heads south hours later and loses value for some reason that might come out in the following day's news. Rarely do I sell for a loss. I wait for the coin to repeat a swing up and come up again for a gain. Patience is required or best not get involved. 


My theory is, if I'm not going to use the funds for anything else only for what I intended, then I'm in no rush to pull them out because the price drops some. More times than not, the price will increase again with my experience and turns out to be a win for the home team.


For example, today I made a Trade from USD to DOT on Kraken at a price of $3.909 each in the AM my time. Not longer after the price dropped to $3.73. I'm in a loss position but I'll wait. Hours later I sold for $4.02... a gain of 12 cents on each DOT I held. Adds up. 


The full time Traders are doing this all day long, earning a living or trying to (more Redbull) and I'm sure stressed at times but I like the fun in getting a gain.


Two words to describe crypto price movements for the most popular Traded coins like the king coin, Bitcoin. Volatile and unpredictable.


August 22


It remains fairly quite on the venture side of things. More quiet than I can recall for so long a period. See what surfaces in September and into the fall, if anything exciting that catches my eye.


No changes in Big Investor so far. Remains at the starting 10% per day (half on the weekends) on $10 premium packs with 'normal' withdrawal requests going out to members.


August 19


I don't like and avoid high fees. I've been experimenting with the De-Fi side of things in the crypto world and got involved with Compound.Finance but every transaction incurs high fees paid in Ether, no matter which coin a member has an interest in. With over 3 billion dollars pumped into these De-Fi sites and a lot of activity ... that usually brings high internal fees with it.


A few days ago after reading up on Nexo , I switched to them and earning 8% on the stable coin, Tether - USDT. Just straight transfers from my Crypto Wallets to Nexo with no Ether fees involved. So far so good and I can borrow funds if I wish but not what I'm into Nexo for, which is collecting interest.


Similar to Kraken's 'Staking' plan, I can pull coins/funds when I wish with no lock in periods. Goes against the laws of physics but I like to keep my coins 'fluid' for Trading.


Big Investor remains at 10% per day on Premium packs and got paid early this morning while I was snoozing. I expect Level 1 to come soon for priority payments.


August 17


I decided to further fund 8Bit and requested a withdraw that was paid right after I submitted. 


C300Club is at it's highest earning rate before the site resets back to 10% for premium packs. Currently, 50% per day and a priority pay level up to Level 4. I suspect the reset to come will not be far off, a few days perhaps to a week from today. I requested a Level 4 today and was paid yesterday as well. This will be my last post doing sort of a 'play by play' of how a 'run' plays out with '300'. 


A few days into it's run, Big Investor also paid me to my Bitcoin Wallet and is currently at 10% with no priority payment levels in place at this time. In other words ... normal withdrawals with processing time posted on site.



August 15


There is a lot of potential to make some decent gains swapping the 'coins' ... even double your 'seed' money and more these days. But ... getting in on these 'coins' before they begin to move 'up' is the thing. Any news that comes out is usually 'after the fact' where the 'run up' has already occurred.


Also, this chasing or Trading 'Altcoins' for gains tends to go on hold at times somewhat while the increases in Bitcoin from mid $11 grand US to near 12 grand (or above) happens and BTC is on the move more frequently lately. Bigger money in the Bitcoin trades for USD or Stable coin for some.


Received my first Bitcoin payment from Big Investor ... this being the weekend, earnings are 1/2 the weekday rate. With BI just starting this new run, I'll build up in packs along the way and the next thing to expect is Level 1 (for priority payments on Premium Packs - $10 each); probably a few days off yet.


C300Club has been in a Level 4 now for a couple days and at 38%. The next move up is 50% before resetting for a new run at 10% for premium packs. 




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​Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The scenarios provided may not be representative of typical results. Your capital is at risk when you invest — you can lose some or all of your money. Never risk more than you can afford to lose.