My biggest loss!

I lost the most money on the website bitbond.  On the website, you lend bitcoin to people all around the world.

This wasn’t my first time doing peer-to-peer (P2P) lending.  In 2006 to 2009, I was lending money to strangers in the USA and getting them out of payday lending traps with 300% APR.  I had some defaulted loans, but I still came out ahead by 16% before the website stopped users from lending from New Jersey.

On Bitbond, it was another story.  Over half my loans did not pay.  So that was one lesson learned.  Also, even if they did pay back with interest, the returns would not have beat the returns of holding bitcoin over the past year.  So, always hold a high percentage of your crypto currency wealth in bitcoin for the long term.  Bitbond is good if you want to give away money to people all around the world in this time of great financial debt right now.