BTCJam is a Bitcoin peer to peer lending platform. About 6 months ago I reviewed BTCJam and concluded it to be a solid option for people who are willing to take calculated risks on their Bitcoins for higher rewards.
I concluded my review with 3 different investments I’ve chosen in order to see how Bitcoins can be leveraged long term. These were my 3 chosen investments:
- 20.19% APR – Investing in continued leveraged Bitcoin trading
- 53.10% APR – Investing in trading and mining operations
- 16.3% APR – Investing in backing a new crypto based business
All of these investments had A+ ratings, positive feedbacks for the borrowers and most importantly their issuers repaid their debts 100% of the time.
So I took 0.9BTC (at the time worth around $200) and decided to invest them in these 3 loans. The loans were all long term, meaning it would take about a year to get back the money. But hey, where can you get a 20% APR (Annual Percentage Rate) these days?
So two of my investments are still pretty solid and are paying on time. However one of the investments seems to have defaulted. Read more ... source: TheBitcoinNews