Price of Bitcoin: $9,455.58
Bitcoin's price is UNPREDICTABLE. On October 24th, not even a month ago, Bitcoin was trading sub $8,000. Now, it's up over $9,000. You might be asking yourself, what does this mean? It means that Bitcoin and cryptocurrency investing fundamentally comes with a great amount of VOLATILITY. You may not have the stomach for losing 30-40% of your portfolio in a day, which is fine, but you may also be missing out on serious wealth building opportunities.
AMFEIX CURRENT BALANCE $250.70
If you've been keeping up with this case study you'd know about this service called Amfeix. Essentially, Amfeix is a pseudo annoymous investment fund that takes advantage of the volatility in the crypto market.
This case study started with a $200 investment in Bitcoin and has now increased to $250.70.
So, Is This a Passive Activity? Is Passive Income Actually Possible?
Before I get into this, I don't believe Passive Income REALLY exists. To think that you can lay on a beach and earn income is an absurd thought. However, there are ways to earn passive income, but it comes with the right knowledge and ability to use that knowledge.
For example, using Amfeix has been passive, but to get the initial $200 investment was NOT passive.
READ IT AGAIN.
Using Amfeix has been passive, but to get the initial $200 investment was NOT passive. Think of Amfeix has a tool you can use to mitigate risk if you decide that making the investment into Bitcoin is worth it.
If this case study has brought you any value or persuaded your thinking on cryptocurrency investing start tapping into this passive stream of income.