This is a re-publication – the transcript of the Smart Bitcoin investment podcast, Episode Number 9, originally published in January of 2016 when the price of bitcoin was around $450 USD. A big thank you out to Marco for inviting Lumbridgecity for an interview on the Smart Bitcoin Investment Podcast!
Be sure and subscribe for more of Marco’s great bitcoin tips and updates. He can help you round out your bitcoin growth strategies with fantastic research and a candid look into his actual results.
On this Smart Bitcoin Investing Podcast, We talk about my experience with Bitcoin, Bitcoin Peer-to-Peer lending, cloud mining, and margin funding, which is another way to lend your Bitcoin online and to make great profits.
Marco: Hello guys, it’s Marco from Smart Bitcoin Investment here and happy new year if you’re listening to this in early two thousand and sixteen (2016). I am so excited to be doing this podcast, because in this episode I interview Douglas from lumbridgecity.com, which will talk to us about his experience with bitcoin investment. So, he’s more into bitcoin and cryptocurrency trading, but we will see that he talks about something very interesting, which is how to actually lend bitcoin to traders on platform like Bitfinex.
So, we’ll get into this interview in a moment. It was really great to interview him and I really hope that you will enjoy it as well. But first on news and updates as usual about the Smart Bitcoin investments website and about what you will find on the website this year. So, I just posted my monthly review for December, as well as the annual review for my bitcoin investment for two thousand and fifteen (2015). So, you will find all that on the website at smartbitcoininvestment.com, I hope that you will enjoy it and that you can learn from all the mistakes that I did this year in the bitcoin investment space.
What I really want to develop this year; a set of tools or websites that will get more articles. And also, this podcast is really to develop a YouTube channel, where you will find, actually a step by step tutorial on the video, on how to invest using Bitcoin. So, I’m really excited about that, you will find more about this in the coming months. And I will make, of course an announcement both here and both on the website once this is available.
And now I’ll just stop talking and go straight into the interview with Douglas from lumbridgecity.com.
Douglas: Thanks for having me on this podcast Marco, I’m really excited to be here. I’ve been following your stuff online for a while, so it’s a real honor for me to be on here. I feel like I’m being interviewed by a celebrity here.
Douglas: My name is Douglas Lampi and I’m the creator of a bitcoin trading and cryptocurrency trading channels on YouTube, and I’m the guy behind the websites lumbridgecity and DigitalCurrencyTraders.com, which is a full time bitcoin trading course and cryptocurrency community with forum and private live chat.
Marco: Right. So, how did you first get into the bitcoin space?
Douglas: Well, it was kind of a backwards way. I started out my project with LumbridgeCity in about two thousand and nine (2009) and I was focused on teaching youth how to use the same skills as a stock investor would, for trading items on the Runescape Grand exchange. So, we were using simple technical analysis; but about a year ago one of the students from my website, he asked me if I was trading cryptocurrencies. I have to admit, I had to go to Google and search the term because I had never heard of it before, I didn’t know what a cryptocurrency was. And I think that was in about exactly a year ago now. (January 2016)
Marco: Okay. How did you actually got started…? like when did you buy your first bitcoin?
Douglas: Actually, I didn’t buy any bitcoin for quite a while when I first started out. I started out making videos on YouTube about bitcoin as I was studying it and learning about it. And I saw right away that I could be trading it, just as I could with the items on the Runescape Grand Exchange, but now I’d be doing it for real money, even though it’s just little bits of real money. I was really excited about the potential to be really trading for real. I started making videos on the price of Bitcoin and a couple people started giving me tips in bitcoin! It was a complete surprise to me, it was completely unexpected. But then I saw that after a while, I was collecting up my bitcoin and I was looking for a way to actually trade that bitcoin.
Marco: That’s actually, also how I got my first bitcoins. People were getting me tips for some software I was putting up on a datahub. So, I just said, this little button like give me a tip; that’s how I also made my first bitcoins.
Douglas: Yeah. And then of course I was completely absorbed in learning everything I could about bitcoin. It was really fascinating to me.
Marco: Right. So, maybe now, we go more into the topic of my website, which is how to invest and make money using bitcoin. So, can you tell us about your first experience with bitcoin peer to peer lending or lending in general?
Douglas:A year before I started offering my CryptoCurrency Trading Course and community, when I first got involved with bitcoin, I was looking for “how do you get bitcoin?”. So, I went and looked up localbitcoins.com and things like that. And I started researching similar patterns that people used to do in the game of Runescape, where you would be flipping the item, where you would buy it from one place for a cheap price and sell it to another place for a higher price. And I was looking at the idea of this kind of business plan as a way to earn bitcoin: that you could borrow bitcoin from say Bitcoinjam and then you would go and sell it locally. If you were working with localbitcoins at the coffee shop, you meet somebody and sell it to him and you would make a good twenty percent (20%) split on that and then you would go and pay off your loan and you could slowly build up your money. (EDIT: turns out that would have been a bad business idea, in 2017 there is a case of a bitcoin trader charged with money laundering for this process) And I was looking at just flipping bitcoins this way between those two different markets. But I didn’t want to borrow and I felt… maybe you can explain this to me: I felt there would be a risk if I borrowed bitcoin at say two hundred seventy dollars ($270) back in September and now all of a sudden, it’s worth four hundred sixty dollars ($460). So, I borrowed the bitcoin, I turned it into money and I went and did some stuff with it, now I’ve got to take that money and turn it back into bitcoin to repay my loan. So, I was afraid of the price change of bitcoin and I didn’t want to get stuck not knowing who would take that risk.
Marco: Oh, I see. I don’t know if it was available at that time, but now on many platforms you can actually borrow USD funds, for example. In that sense, the investor is the only one who takes the risk, but you will always have to repay using bitcoin. But you would be protected against the changes in the price.
Douglas: Okay, I see. And as we go on here and talk about what I ended up getting into as that risk is applied. And that’s a good thing to clarify there, that the borrower you’re not taking that risk in that in the fluctuation of the bitcoin price. You’re going to be going back and forth in the fiat currency that you borrowed in.
Marco: Yeah. So, you can take the risk. Some loans are in bitcoin, so in this case yeah, the borrower takes the risk but some loans also in USD or Euros or other currencies.
Douglas: Okay. So, then that lets you play the market, if you think bitcoin right now is topping out you could then borrow in bitcoin, pay it back later in bitcoin and you would make a profit as bitcoin prices go down.
Marco: Definitely. As an investor, I prefer to invest in pure Bitcoin loans, so I don’t depend on the price right. But as a borrower, I for sure… many borrowers prefer to borrow in the fiat currency they want to use, yeah.
Douglas: That clarifies some things for me and it sort of fit in with what I found out later. As I started getting into the bitcoin, I was always leaning towards trading because since 1993, I’ve been studying trading commodities and stocks and everything about that. So, I went to Bitfinex, eventually. The volume, that’s what he said, that’s the one with the big volume so I went there and as I was trading I started out just flipping my bitcoin back and forth between US dollar and then I started doing margin trading and seeing how I could do that on leverage and somebody was explaining to me that you could become a liquidity provider. And that means you could provide loans. And so, I started really studying that area of how you could provide bitcoin loans inside Bitfinex. And it was an interesting platform because when you put your money in there the investor has to put up collateral in order to borrow and then they have to pay the money they borrow, plus interest before they can take out their collateral.
And so, they’re really taking a very low risk loan here because the investors putting up their money in advance. And I asked a lot about this because it was unclear to me and I was afraid about it. And they said they really do a lot to protect the people who are providing the loans because those loans make the margin trading possible. Without the people providing liquidity, you couldn’t have the margin trading on Bitfinex. So, they have a lot of processes involved to completely liquidate a person’s position if they’re losing too much money and they’re risking losing some of the money that they borrowed are automatically liquidated. So, it’s rare case that you ever get a default on these kinds of loans.
Marco: Just for the people that will listen to this, can you just explain what his margin trading?
Douglas: Margin training is where I’m borrowing somebody else’s money to put on a bigger trade on the market. And so, if you and I were sitting here and I say, hey Marco can you lend me a hundred bucks ($100)? I want to put it on this stock and I’ve got twenty bucks of my own and now I have one hundred twenty dollars ($120), I can go and trade. But I’m actually doing that five to one leverage because, say I make a whole bunch of money, I take the profits, now I have two hundred dollars ($200) instead of my one twenty ($120), I pay you back your hundred dollars ($100) plus one percent interest and I keep the difference. And so, I can make a real big profit by borrowing somebody else’s money to do the trade and just pay them that small interest, but at the same time you can lose money just as fast if the prices go against you. And so, leverage trading is really high risk and not recommended for people who don’t really study it in great detail and understand how it goes on for the trading. But like the dice games online, people buy lottery tickets, people trade and they trade on leverage because it has a chance of making big money.
The thing is, the lenders are protected, they can provide loans to these guys who want to take the high risks (and it’s difficult for them to make a profit), but the lender always makes his profit. So, as I was doing my leverage trading, I kept losing a little bit of money, losing a bit of money, losing a bit of money; slowly eating my profits down and I saw my bitcoin dwindling little bit at a time, just the smallest little bits at a time. But when I was lending, I was always making a little bit at a time and pretty soon it was pretty clear to me that it was better for me to really focus on the lending part.
Marco: Sure, that’s very interesting. Oh yeah. There’s also some symmetry kind of discovered from your experience, because I was really focus on the peer to peer lending platforms.
You spoke about collaterals, right? on these platforms. Can you tell us more about what are they?
Douglas: Well, as it was going along, I found there was more options for doing these lending; one market is to do Bitfinex and another market I found is called Poloniex. Bitfinex trades US dollar and Bitcoin and Likecoin back and forth. And you can actually lend US dollar on that platform and you can lend Bitcoin on that platform. On Poloniex there’s actually… they don’t deal in U.S, they only deal and cryptos and there are ten different leveraged markets there and ten different pools of altcoins where you can be lending.
So, in there you can be lending Maidsafe coin, Monero, you can be trading margin on Likecoin on Dogecoin. You can trade margin on several different markets and every time you trade margin and you go along position in those markets, the system automatically matches you up with a bitcoin loan, so you borrow somebody’s bitcoin in order to buy more of the Monero, for example to go long on your margin position. Instead of our ten different pools of markets that borrow against bitcoin in order to take a long position and when the markets are going bullish, you can be lending bitcoin at, sometimes unthinkable levels. And I hate to quote them because they are so ridiculous, but sometimes you can be earning six hundred percent (600%) annualized interest rates on the bitcoin loans. Who would ever sign up for a bitcoin loan that is putting you up for six hundred percent (600%) per year? but the way that the traders are putting on the margin trade, they don’t match up and see… they’re not paying attention to what this Bitcoin lending rate amounts to. Because six hundred percent (600%) interest rate per year is about one-point seven percent (1.7%) per day. And one-point seven percent (1.7%) per day which is incredible. It is worse than a loan shark, it doesn’t seem like much when you’re putting on a short-term trade for six hours and it maybe it stays on a little longer than it should have been. And so sometimes when the markets are really bullish and everybody’s going to long position there’s just no more bitcoin available in the lending market to take on a margin position and so the only bitcoin available left are at these super ridiculous rates. And so, there is some fantastic returns on this occasionally.
Marco: So, it seems that you…this is really working for you at the moment and it’s a bit of that whole process to figure out… Do you have to do this manually? Or is there some type of automation in this process of lending?
Douglas: I set up a strategy and I’m practicing a couple different strategies. One of them is to always check in every couple hour and really put my bitcoin out for a loan as soon as the loan is released. I put for loan at whatever the going rate is, just to be sure that my bitcoin is consistently always lent out. And the other strategy is that I have tiered my bitcoins up at different levels of percentage interest, so that if the market does go bullish all of a sudden, all the bitcoin is used up I’ve got some bitcoins up at those higher levels, so that I can be earning at those ridiculous rates if it happens quickly.
So, some other ways you can do it, would be really manually pay attention every day at least and other ways you just there and just leave it and never pay attention to it again and it like an accordion sometimes you’d be getting two percent (2%) interest per year, sometimes you beginning to one hundred percent (100%) interest per year annualized rates. And it’s all paid out a daily interest and the loans can be from two days up to sixty days. So, if you want it to be short term, you can keep them all for two days and don’t have them automatically renew, if they’re up at a high interest rate, I stretch it out to sixty days and I hold that loan as long as I can.
Marco: So, you told me that you put everything into reports, tell us about the process. Can you share more about that?
Douglas: I do have a couple different reports actually. I really believe that bitcoin right now at four hundred sixty dollars ($460) per bitcoin; that’s seven billion dollars ($7B) of capitalization. We’re going to hit the capitalization, the size of a large major corporation over the next few years and that will be something like two hundred billion dollars ($200B) capitalization. And mathematically that will drive bitcoin prices from four hundred dollars ($400) to over four thousand dollars ($4,000) per bitcoin. And it’s just mathematics. I’m pretty confident and calm about it and since that is imaginable since May of two thousand and ten (2010) to now, one hundred dollars ($100) invested would be sixteen thousand dollars ($16,000) was the value, or more. So, I see that kind of growth going in the future for bitcoins and for all coins and so I’m setting up several different ways to learn all I can and earn all I can in every different platform.
So, I’ve got an information website that has a membership area, where we focus on our cryptocurrency trading course – and I have some tutorial videos that teach about cryptocurrency trading and risk control and how to do margin trading for Bitcoin and the different all coins. We have a section that’s specifically on the lending platforms; and there are more different lending platforms that we’re just experimenting with now. And we’ve read a section that is all specifically on the bitcoin mining, where I’m doing a lot of research into how to buy hashing power and turn it profitable. So, you can take US dollar buy hashing power and turn it into Bitcoin. And I’m doing a lot of studies to see where are the most profitable and how to do this so that you get your best return on investments.
Then there’s a fourth section, where I’m teaching people how to earn Bitcoin for free. A lot of people, I think have a great opportunity for… youth; you know you’re twelve, you’re fifteen years old or maybe you’re unemployed or perhaps you’re in a country that doesn’t have great earning potential. You could be earning bitcoins for free online, learning how to invest it or to put it into these places where you can be lending it out for little micro bits of bitcoin. And so, I teach a section where I show you how I’ve made more than 1.0 bitcoin now, it just clicked over 1.0 bitcoin.
Of three bitcoin that I’ve earned, a little bit has been from Faucet’s, and I’ve earned a whole bunch of bitcoin from a couple other sources that are not that well known, but very lucrative. (edit, cointracking.co) There’s a huge market available in this and nobody’s tapped into it and it’s doing really well for me – and I teach those four different areas in the membership website that I have.
Marco: I think you told me that you have a special offer for the listeners to this podcast. So, can you tell us more about that?
Douglas: I know that you’ve got some really dedicated listeners who are serious investors and you’re not fooling around with bitcoin. They’ve already made up their mind about it, so we’re kind of preaching into the converted here. I want to provide a whole bunch of value to everybody who’s listening to this. It is a mission of mine to reach and help as many people as possible, so I set up a squeeze page on my website that’s only for listeners to this podcast and you can only find it by typing this in lumbridgecity.com/Marco. M- A- R- C-O. And when you type that in it’ll take you to a landing page and you can sign up and put your name and information in and I’ll send you… I’ll give you access to different bonus areas.
First one is, I’ll give you the full report about how I earn that free bitcoin and I’ll show you every place that I do it, there’s lots of them in the market; you can all be doing it and it won’t affect my earnings. And the next two things I’ll show you, is tutorial videos on Poloniex that will get you all set up and how to get up your two-factor authentication, how to set up your wallet, how to transfer your first bitcoin in and a tutorial video on Bitfinex, so that you learn more about lending on that platform as well. So, all of those reports are there. And if you want to get… go all the way down the rabbit hole, then I’ll give you a fifty percent (50%) discount off of the membership to everything in lumbridgecity and there’s hundreds of hours of videos, lots and lots of tutorials, tons and tons of information in there and I’ll give you a fifty percent (50%) discount.
Marco: Great, amazing. Thanks so much for that information on your Cryptocurrency Trading Course and community. And I would also lean to that in the show notes of this podcast, so people can access it easier.
Douglas: Awesome. I appreciate that. That would be great. The more people get involved with this, the merrier. It is really changing society more than we can imagine. The more you get involved in it now and collecting and accumulate these kind of cryptocurrencies, I think we’re all going to get together on a big cruise ship somewhere and really kick back and enjoy our successes.
Marco: Definitely. So, you just talked about mining, right? Can you maybe share some strategies for somebody who would like to invest in cloud mining?
Douglas: Sure, I’d be happy to. Some of the stuff that I was looking around; is it profitable? is profitable? And I was looking and looking and you can never find… I couldn’t find current information about what is the mathematics of it, you know. I’m a stickler for detail and statistics, so there was a Black Friday special, one guy was giving twenty five percent (25%) off. So, I thought okay, I’ll go try it out and I’ll make a tutorial videos and I’ll track it over time to see and prove if it works and how much does it work. And so, I went and signed up for one of them called Hashflare. I signed up and I paid thirty-three dollars ($33) and I bought one or one hundred giga hashes of power.
So, this is weird to me that I can pay one time and I get lifetime earnings from this, how do they make money out of that? I don’t get it, because there’s electricity costs, there’s… who knows, I don’t know but I thought I would just test it out and see for myself and then prove it so I could warn people away from it or tell them if it’s going to work or not. So far, I put in my money ($33) and it tells me that I’ll earn about sixty-seven thousands of Satoshi a day, something like that. And it took me a couple days to realize that they also take away twenty-seven thousands of Satoshi a day fee for the cost. So, it sorts of explains me how they can keep this going over a long period of time but I still don’t really trust it over a long period.
So, when I did the math, it turned out that I wanted to compare if I put my bitcoin into a loan and used the rates that I was proving that I was already getting with my bitcoin loans over at Poloniex or if I put my money into a mining contract, which one would be more profitable after a year. Turns out that after three hundred days, you would get your bitcoin back in your investment with your mining. So, for those first three hundred days you put all your money, you have no bitcoin and after three hundred days, you would earn back the number of bitcoin it would have taken you at the start. Where with lending, you put your Bitcoin in there and you’re earning every single day and then every single day take your earnings and put it back in there, so you’re compounding how much bitcoin you’re lending and you can compound your interest over time. And as it turns out after three hundred sixty-five days, the lending in the mining, at the rates that I was get for lending, turns out to be about the same profitability about sixteen percent (16%) interest per year annualized returns. But if the bitcoin mining is profitable and keeps going as they say, then it starts to overtake and double and way surpass the Bitcoin loan profitability. But there is that lag time at the beginning… you know if you were to buy a house and rent it out, there’s those years where you’re making payments to pay for the house, so it is with the mining, you’re buying the equipment and it takes that time to pay out the equipment and then you are earning and you’re only paying for electricity.
Marco: Yeah, definitely.
Douglas: The other one I was looking into is called Nicehash and it’s different. and I’m thinking it’s more believable because you end paying for a certain amount of hashing power for a certain amount of time and you bid for it and there’s bidding market. So, if you do your math right, then you know that you’re going to be getting enough coin to do the profitable mining. But all of this stuff is great if bitcoin and the US dollar and everything stays the same as it is today. Put in thirty-three dollars ($33) worth US dollars today and in three hundred days I have point zero nine bitcoins, which is the equivalent of thirty-three dollars ($33) when I bought it. I think in three hundred days, those point zero nine bitcoins is probably going to be worth a hundred or more dollars because Bitcoin prices will go up. And so, I think mining right now, you’ve got to reveal it yourself and do the math and you don’t want to spend money that you can’t afford to do, but I do think that it is a great way to turn your US dollar into bitcoin and work with your tax advisor as well because you’ll have capital gains that you’ll have to consider when you’re doing mining. And you know what if it does turn out to lose money you can write it off as a capital loss.
Marco: Of course, this depend on the country you are living in. Please consult your tax advisor. I have to say.
Douglas: Everything that they’re doing with this money or this bitcoin and they say it’s anonymous. But don’t do anything anonymous with money, even if you’re just moving cash back and forth. I think… especially since I live in Canada and I appreciate so much what we have here, it’s worth it to pay into the system.
Marco: So, maybe just to finish on this mining chapter. Do you know about service to hashnest?
Douglas: No, I haven’t heard of Hash nest yet.
Marco: Okay. It’s one of the biggest, they’re based in China and it’s the guys behind the bitcoin miner hardware.
Douglas: Yes, I was looking at buying some of those.
Marco: Yeah, so basically, it’s the manufacturer of this hardware. Also, they have a platform for cloud mining. And that’s where I have my bitcoins invested in mining. So, maybe you can also check that out.
Douglas: Oh, yes. I’ll be happy to. Be sure that there’s a link there below this podcast and everything, so that we could check it out.
Marco: Sure, sure. We’ll send it to that, yeah. Of course. Yeah.
So, it’s similar of what you describe with Nice hash, which I know by the way.
Douglas: Oh, really?
Marco: So, it’s sort of like a bidding system, like a freely trade on the market. Yeah.
Douglas: Okay, that’s good. I hadn’t known of the different one than Nicehash yet but that bidding kind of market. That’s awesome. So, one thing I’m doing with a Nicehash is that I’ve learned how to pull the A.P.I. information into Google Docs and I’m starting to track the change in Nicehash bidding rates over time. So, that I can see, does it stay at this rate or is this a high rate compared to most other times? And you know starting that so I can see what the prices are over time. Then I start to know because there’s so many different options in different hashing protocols and algorithms and we need to study it all and get it all into a chart form, so that I can see the differences and play with that kind of stuff. So, I’m keen to go and check out your referral there.
Marco: Yeah, yeah. Well they only do bitcoin. As they are manufacture of Bitcoin mining hardware so…
Douglas: Okay, and see Nicehash is a pool of all kinds of any cryptocurrency … it’s quite overwhelming to look at it. So, I need to make it into databases. And all of those databases are also included in Lumbridgecity, in the A.P.I. information from Poloniex, so that I can go back to change a bitcoin lending rates over time and start… and the lending rate of clam over time and the lending rate of like coin, the lending rate of Ethereum and so that I can see when Ethereum prices are going up and down, what the lending rate is compared to that. And all of that is charted and I don’t know any place else on the Internet where you can see the charts of the loan rates and how they change over time.
Marco: Yeah, yeah. Very interested, yeah.
Douglas: So, that’s all included with the cryptocurrency trading course, just head over to digitalcurrencytraders.com and use the coupon code ‘Marco’ and you’ll get those free bonuses.
Marco: Yep. So, now a question that I ask to anybody that comes on the podcast; so, let’s say that somebody is a complete beginner in bitcoin investing or cyptocurrency trading, they have some bitcoin they want to get started, what would be your one piece of advice for them?
Douglas: I would start out by going over to Poloniex and doing the lending, but if you are looking at investing, so you’re speculating on the price change of bitcoin or the price change of other cryptocurrencies; say Bitcoin looks right now, to me like it’s topping out and it’s probably going to come down a bit before it continues on its uptrend. Maybe you want to sell out of your Bitcoin and to go in the U.S. dollar while the price goes down, then buy back into bitcoin when the price goes up. So, you are sort of speculating on the price of bitcoin, then I would be really… I would recommend that you learn some basics about chart reading, so some technical analysis. And I’d recommend that you go and google ‘Phantom of the Pits’. Phantom is a guy who put out a publication back in 1997, I think it was – and teaches people rule number one and rule number two of risk control when you’re getting in to trading cryptocurrency for trying to make money.
So, if you’re in that bend, I would go to Phantom’s book first, and read all that stuff first before you start anything else and then you could start working your way into that. But if you’re looking for steady investing and you don’t want to spend a lot of time at it, you’re not looking at speculating on the price changes, I would by all means be putting Bitcoin into the lending on Poloniex and just set it up in a tiered strategy and leave it and don’t think about it. And then I would take US dollars every month and I’ll be buying hashing power, then I’ll be taking that hashing power dollars, and I would be putting into bitcoin loans where I don’t have to think about it. And I would repeat, I would take twenty percent (20%) of my…ten percent (10%) of my monthly earnings and buy hashing power and turn that into Bitcoin. I think that’s the safest investing way in bitcoin, is to buy that hashing power and then to do the lending.
And if you’ve got a bent for some gambling, then I would take my Bitcoin over to 1broker.com and I would be buying and speculating on the price of oil right now. Because oil is at historical low levels, like we’re using it up, there’s only so much of it. It was a mistake in organizing that we got it in the market right now, we have too much, it was produced too fast, there’s no place to store it, prices are dropping, usage is going up and as soon as the prices do go up, you can go over to 1broker.com and you can put down 0.01 btc; what’s that? four dollars and sixty cents ($4.60) right now. You can do it at twenty times leverage, which will be…let’s just do ten times leverage, so I can do the math. But that would be forty-six, let’s say one hundred dollars ($100) on your five dollars ($5) investment at twenty times leverage and play around with your bitcoin that way because you put Bitcoin in and if you earn on that, you earned bitcoin back. And of course, as Bitcoin price goes up, that’s all just better.
Marco: Nice. Okay.
Douglas: So, that’s the highest risk and the lowest risk recommendations.
Marco: Yeah. Great. So, thank you so much for answering all these questions.
Douglas: I love it.
Marco: Where can we find more about you online?
Douglas: Certainly, just go and search lumbridgecity, there’s lots of social media at a good placement on all of them. So, there’s no mistake in finding.
Marco: Okay. Yeah great. I will also have linked to all of your websites that shows the special page for listeners and also the social media on the show notes. That for sure.
Douglas: Yeah. The only way to get to the special page is through your website Marco and through by listening to this podcast somewhere else on the Internet and when you hear lumbridgecity.com/Marco, that’s the only way to get to it, it’s not listed anywhere else.
Marco: Great. Okay. So, thank you again.
Douglas: Awesome. It was great to be here, thanks for having me and good luck with everybody’s bitcoin earnings.
Marco: Thanks. So, this is our easy end of this Smart Bitcoin Investment Podcast interview with Douglas from Lumbridgecity and Cryptocurrency Trading Course on DigitalCurrencyTraders.com – Thank you again Douglas for coming on the show, it was very interesting and I’m sure that all of you listening to this now, will learn from what we talked about in this show and I really hope that you enjoyed it. I will personally apply what we talk about with Douglas in this show, really concerning margin funding on platform like Bitfinex on my own portfolios. So, I’ll put my own Bitcoin into this and I will of course report about this experience, about what profits I got from that on the blog, in the coming weeks. So, you will find much more about this on the blog at Smartbitcoininvestment.com as soon as I have results with this new way of investing in bitcoin. So, again thanks for listening to this podcast and as usual we will file all the show notes and more resources about Bitcoin investments on our website at smartbitcoininvestment.com.
Marco is the author of Smart Bitcoin Investment Podcast website and published books on Amazon!