I know I've been a slacker about some of these updates and its my bad.
I'm trying to jump back on the horse here and will update my Bitcoin AutoInvest results.
First, let's see the actual chart from my BitLendingClub calendar.
Did you notice that Loanbase and BitLendingClub split off from each other?
Loanbase is now a business lending platform to businesses in Latin America while its Bitcoin lending operations are back at BitLendingClub.
Now that we know where to go to find our info, let's see the chart.
AutoInvest is really investing in lots of loans. In the month of September I had 85 payments due to me, the most ever. In case you forgot how I am investing on this platform you can check out the how and the why on this AutoInvest Update. AutoInvest has its own screen where it shows you how your plan is doing and here is mine.
My projected profit is now actually a loss of 11.43%. I started with only 1 BTC to try it out with the most conservative guidelines.
As for repayments, I had 85 due this month. Of those, 2 out of 3 or 67% paid on time or 57 payments made on time. Thankfully, that's not all the payments I received. 10 more payments came in but late or 11.7% of the total. So payments received either on time or late totals 67 payments out of 85 or 78.8%.
I reported in previous updates that my very high repayment rate would not and could not continue and you see that it hasn't. My last update in May had a repayment rate of 84% so while it is a drop, its not a huge drop.
While no one likes the idea of losing money, I still think this is going pretty well so far. We will see if the repayment history continues, improves or degrades from here. At least with AutoInvest I can stop the plan anytime I want to.
How is your plan doing?