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?