Beaten down Bitcoin has historically shown that it provides a huge opportunity for smaller investors to get into it and really benefit. The last year/year and a half have been huge for Bitcoin and crypto in value increase and adaptation. That being said an asset cannot go up forever and thus it has seemed we have entered a downturn period for Bitcoin.
How far it could fall is really anyone's guess however I would be shocked to see if it falls below ~$35,000 USD but a lot of that is going to depend on how it responds now that it has fallen below $40K. With that in mind now is the perfect time to pull out and dust off your different options to stack your sats! For me personally, two different options have really exploded in the amount of sats I am earning almost daily right now!
The first one is one I learned about from Publish0x itself and it is Hodlernaut! This platform is very similar to BlockFi or Nexo the reason that I chose it over the other two was due to how much higher the interest rate was while at the same time offering exceptional security with how they loaned out their assets. I also fell in love with the feature that allowed me to deposit any of the 6 assets they support (Bitcoin, Ethereum, wBTC, DAI, USDC, USDT) and get my daily interest in whatever asset I wanted to! At the current market price, I have about $200, 0.00462 BTC, on this platform which earns 7.5% APY. Weekly this pays me about 0.00000637 BTC which is nothing to shake your head at! I also have 68.37 USDC on this platform and with the pullback, it has slowly been earning me more and more BTC per day! Back in November, I would earn roughly 0.00000038 BTC a day and that number has now jumped to 0.00000052 BTC! Weekly my USDC is now earning me an impressive 0.00000353 BTC!
The other option that I am using that has really helped boost my sat earning is my good old Fold card! While there are a ton of different crypto credit and debit cards out there Fold is the best in what it built its foundation on doing. From the beginning before the debit card Fold was for buying gift cards and offered amazing Sats back for that. Now with the debit card, you get to earn an additional percentage or other rewards on top of the base one! For instance last night I bought a $25 Uber gift card that offered 3% back in sats. Then with my debit card, my spin gave me an additional 1.5% back equalling a total of 4.5% back or 2,696 sats! Fold also offers gift cards for big businesses like Amazon, Doordash, Top Golf, and Adidas! How much you will earn back in sats is listed next to the store name so it is very transparent. If you have not downloaded the Fold app I have great news for you! Using this link here you will receive 5,000 sats for just signing up! Plus if you sign up for the Fold Spin + or Premium version you can get it for free till the beginning of February!
Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_
Fold App
Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 5,000 sats for free! Currently, you can get Fold's Premium Debit Card Fold+ for free until February 1st. If you sign up for that as well we each receive a free $25 credit!
Unstoppable Domains
Sign up using my link here and get a free $10 credit towards your first $40+ purchase!
Coinbase
Sign up for Coinbase and earn $10 of free Bitcoin when you buy or sell $100 in crypto with my referral here!
SMiles
If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned over 2,200 sats in just a few weeks walking to work! Here is my link!
