DISCLAIMER:
- This article contains my affiliate link to the product I’m discussing. I’d appreciate if you’d use it if you decide to carry out this investment option as it earns me money and it doesn’t affect you when you invest
- The website(s) given work on a principle of Investments, and is similar to a Pyramid Scheme. You are also investing in a Cryptocurrency which while stable, they are considered to be volatile. If something crashes over night you could lose everything you have invested. This is why I recommend you invest the most minimal stake that you are willing to lose if it all fails
SHORT GUIDE HOW TO TURN £10 INTO £10,000
- Sign up to control-finance.com preferably with my affiliate link included 🙂
- Register with a Cryptocurrency exchange such as Coinbase
- Purchase Bitcoin after verifying your details on the exchange
- Install a Cryptocurrency wallet capable of receiving funds
- Send money from the exchange to the wallet
- Click on deposit option, enter the amount and choose Bitcoin
- EXCHANGE RATES APPLY, SO $50 won’t pay $50
- The website will tell you the address, and amount to pay to
- Launch your wallet, click on send
- Enter the address, and the amount
- If you have enough click send
- You will then need to wait for the website to verify the transactions
- This can take between 15 mins – 1 hour depending on how much
- Once deposited go to your deposits click on the “pencil”
- Change the auto reinvestment option to “ON”
- Click on “withdraw funds” – go to Bitcoin option in wallet
- Click “receive”, copy the address, paste into the field for Bitcoin wallet
- Wait 1 year for your investment to grow
- When 1 year has passed, cancel auto investment, and withdraw daily
HOW IT WORKS
Much like stocks and shares you are investing in the volatility of the cryptocurrency market. If you choose the traditional method, you break even and ROI is within approximately 3 months
Traditional interest pays you a fixed return based on your investment
- If you invested £100 @ 1% interest, you make £1 per day
Compounded interest works the same way, but because you are reinvesting what you get out the total “invested” actually increases
EXAMPLE BELOW….
Day 1 – You invest £25, after 1 day you gain 1% interest = 25p
Day 2 – Rather than withdraw this amount. You reinvest.New total investment £25.25
Day 3 – The cycle repeats, you now gained another 25p, total now £25.50 and so forth, so the more you balance increases, the faster you earn more money via interest
This goes on and on everyday, attached is a snippet of the calculation in the sheet for the first 1-3 days, and then at days 360-365. As you can see from a £25 stake, on Day 1 you’re only getting 25p per day. On day 365 you are earning £17.80 per day. If the market crashes, you’ve lost £25. Plus if you want some extra money, there’s nothing stopping you cancelling the auto investment (say 6 months in), all that happens is it then reverts to a fixed interest return and you gain X.XX amount per day until you reinvest again. The reason why you do this should become clear.
Think long term, if you invest £10 (minimum) after 365 days if the market hasn’t crashed you earn £36.50 (365 days x 1 % of £10) per day
If you invest £10 (minimum) and compound it 365 days, if the market hasn’t crashed. On day 365 you cancel the auto investment option. You’re now earning £5 per day interest (£150 per month)
| Total Investment | Interest | Total | |
| Day 1 | £25.00 | £0.25 | £25.25 |
| Day 2 | £25.25 | £0.25 | £25.50 |
| Day 3 | £25.50 | £0.26 | £25.76 |
| Day 360 | £1,185.92 | £16.60 | £1,202.53 |
| Day 361 | £1,202.53 | £16.84 | £1,219.36 |
| Day 362 | £1,219.36 | £17.07 | £1,236.43 |
| Day 363 | £1,236.43 | £17.31 | £1,253.74 |
| Day 364 | £1,253.74 | £17.55 | £1,271.30 |
| Day 365 | £1,271.30 | £17.80 | £1,289.09 |
