 Do you huddle Bitcoin because if you do then you will want to see this video today we are updating you guys on our crypto dividends portfolio. What are crypto dividends? Basically we're getting paid just to huddle some Bitcoin and we are raising the stakes this month in March and depositing a full Bitcoin onto BlockFi to potentially make over $250 this month just to huddle. Confused? Let me explain. Hey, what's up Jay here and welcome to Bitcoin Daily bringing you guys the best tips, tutorials and ideas to help you guys become profitable and successful traders. The goal of this channel is to empower you guys with the knowledge and resources to put it all together and take you to that next level. So if you're new here, make sure to subscribe and turn on that notification bell. If you guys have been here before, make sure to hit that like button as it helps us to continue to spread this knowledge and adoption of crypto currencies. So today we're talking crypto dividends and how you guys can, if you're already huddling Bitcoin or Ethereum or Litecoin, how you can make some extra profits, passive income just for huddling on BlockFi. If you guys are not on BlockFi yet, make sure to click the link in the description. And if you use our referral link, you can get up to $250 bonus when you make your first initial deposit. Also make sure to check out our previous BlockFi, it's a beginner's tutorial and we also have a full BlockFi review for you guys that you can check. We will link all of those as well. All right, so let's go ahead and jump into BlockFi, guys. So the first thing is let's take a look at what happened last month. So remember last month we did our deposit in Ethereum. So let's go ahead and click on Ethereum. We deposited five Ethereum into this BlockFi account. You know, we already had the 0.15. The rest of that was already in there. We deposited five more Ethereum into this account, which total is around $8,000 more or less. So you see that the total interest paid last month seems like it was around $27. Let's see right here. So to be exact, the total interest paid was 0.0174. So let's go ahead and take this number and see what exactly we made in interest for the month of February. So to do that, we're going to Bitcoin. We're going to search Bitcoin price. We're going to switch this to Ether and we're going to put in the amount that comes out to about, what, $26? Yeah, so about $26.88 more or less what it says here that it paid out, right? So it says so we had the $26.88 plus we had some previous interest in there from the month before when we only had the 0.15. So in total, that gives us $27 that we've made passively in interest overall, basically last month, right? In Bitcoin, we've had this in since January as well, and we've done about $21 overall. So you'll see that total interest paid in basically two months. We've done about $48.47 and so far in March, which just started today, we've accrued $1.54, right? For a total balance of $10,603. So now what we're going to do today is, since today is the first of the month, we wanted to make this deposit on the first. So today we're going to do a new deposit in the Bitcoin. So as you guys see, Bitcoin makes 6% APY, Bitcoin does 5.25% APY. And then if you go down to Litecoin, Litecoin actually makes the most, which is 6.5% APY. So this is actually a new update. They just added this. Litecoin is now the top earning coin, I believe, other than the stable coins, right? So stable coins give you a return of 8.6%. Litecoin gives you is the second best return at 6.5%, then is Bitcoin at 6% any theorem at 5.25. So we'll probably add Litecoin at a later date. Today we're going to go ahead and add Bitcoin. I want to add some more funds in here and see what we can do. I want to add a full Bitcoin in here and see what kind of returns we can get on one full Bitcoin on BlockFi. All right. So the first thing that we have to do, we have to get the deposit address where we're going to be making the deposit. So we're going to go ahead and hit deposit on Bitcoin. Now here we got the address. We're going to copy it and we're good to go here. Next, we have to go to where we're going to be sending the money from. So in this case, we are sending the money from where we trade, which is on Bybit. So on Bybit, if you go to the top right corner and click on my assets and then click on add wallet, we're going to be adding a wallet because as you guys can see, we don't have a BlockFi wallet on here. So we have our Gemini wallets. We have a crypto wallet. Now we're going to go ahead and add the BlockFi wallet. So we're going to go ahead and make sure that Bitcoin is selected. Then for address, we're going to paste the address that we just copied. And like always, you want to make sure that the address is correct. So it ends with E90M. Let's see, deposit E90M. And it starts with 3DI2, 3DI2. So we're good. And then we're going to name this BlockFi and confirm. Of course, we have to do the authentication. Going to hit confirm. And it has now successfully been added. It's successfully been added. All right, so now we're going to go back to our Bitcoin, our Bybit wallet. And we're going to hit withdraw. Once at withdrawal, we're going to go ahead and select which wallet we want to withdraw to. And we're going to select the amount of Bitcoin that we want to withdraw. For this video, we're doing one full Bitcoin is what we want to withdraw. As you guys see here, that Bybit only processes withdraws three times a day. So I know that for my time, they do a withdrawal at 7pm. So we're going to go ahead and set up this withdrawal now and then update you guys once that's done after 7pm. So once you're ready, you have your address in and the amount that you would like, you could just go ahead and hit submit. And again, you have to, of course, do the Google authentication here to be safe. And the withdrawal has been submit. And of course, when you make the withdrawal, you get an email verification. We have to verify it. So make sure to go ahead and verify that. All right, so I just hit verify. And now I basically just got to wait for the money to be transferred over. Like I told you guys, it will be transferred over in about an hour and a half. So once that transfer is completed, I will update you guys with with that transfer. And then we'll be able to see together in a month from now what type of money we're able to make on interest with a full Bitcoin. All right, guys, so while we're waiting for that deposit to go through, make sure if you guys are enjoying this video to like the video. Guys, if you're new here, make sure to subscribe to the channel and turn on that notification bell. We post videos five times a week, Monday through Friday. We cover everything from price analysis to giving you guys trade setups, tutorials and different ideas, you know, and we also do live streams on Wednesdays. So make sure to hit that sub, guys. Make sure to hit the like button as well. All right, guys, so it looks like the transaction finally went through. It did go through at seven. I just wasn't able to update it till now. But the one BTC did go through and it went through pretty fast. So now you can see we have a total Bitcoin balance of one point zero five. And yeah, we're going to be earning six percent. So remember, it's six percent per year. So then you divide that six percent by 12. So let's go ahead and pull up a calculator. So just to keep it simple, let's go ahead and do 50,000 times six percent equals. So it'll be around $3,000 more or less. Remember, this gets compounded, so we're not taking that into consideration yet. But just to get an idea and assuming that Bitcoin stays at this price for the rest of the year, it will be about $3,000 extra that I will make. And if you divide it by 12 months, that comes out to about $250 a month that you will be making just holding one Bitcoin here. So if you had to Bitcoin, you could be making around $500 a month, basically. So BlockFi also has a little its own calculator here, as you guys can see. But again, it's not a compound interest calculator. So it just gives you more or less basically a price what you would make on average over the next 10 years. But it's not really compounding the way that it's supposed to. So we're going to pull up this compound interest calculator here. We're going to put our initial deposit is 50,000. We're going to put no monthly contributions. And then we're just going to leave that there for now. And then we're going to put 9% estimated rate of return compounded monthly. So here you can see, you know, we put 10 years compared to the. This one says you would have basically $40,000. Here you can see that it actually compounds it monthly. And you would have here $122,000 in, you know, the time span of 10 years. But there's always a but this is obviously assuming that Bitcoin never goes up or down. So it's assuming that Bitcoin just stays at 50,000 and that's it. So if we look at Bitcoin's return over the last 10 years, its annualized return percentage, it was basically 295%. So let's take that 95% off and just put the estimated rate of return. Is that even 200 is a lot? So let's put the average return would be 100%, right? Over 10 years. That would mean that our $50,000 would turn into $60 million. So obviously, I don't think at the current prices, we're going to have a 200% rate of return at this point. It's currently at 50. Let's put it at 25. So even at 25% rate of return over the next 10 years would turn your money basically to half a million dollars. So you see that there's a lot of potential here. But I'm just playing around with numbers and predictions and all that. We know none of us really know what Bitcoin's going to do in the next five to 10 years. So it's hard to really predict that number. Now, what we can predict, the only thing that we can predict for certain is this 6% APY and even then you can't really predict it. Because remember, they they change these numbers all the time. Also, once you get over two and a half bitcoins, this return changes to 3%, I believe. Yeah. So here we go. So if we look at this tier one is zero to 2.5, you get 6% return. Once you get over 2.5 Bitcoin, then you get only a 3% return. So basically, it's not worth having more than two and a half bitcoins on here, because if you put if you had two and a half, if you had three bitcoins on here, let's say $150,000, you would be making 3% on it. So times 3%, you'll be making $4,500. Right. It makes more sense to just keep, you know, even with one Bitcoin, one Bitcoin times 6%, you're making almost the same amount. Right. And let's say if you have two bitcoins, if they're at at 6%, you'll be making $6,000. So two bitcoins is going to make you a bigger return than three bitcoins or anything over two and a half. Right. Obviously, if you get to the bigger numbers, let's say you had 10 bitcoins or you had a million dollars in Bitcoin, you know, then we're talking times 3%, then the numbers make more sense because now you're making $30,000 return. So that's why they kind of did that, because for the bigger players that have a lot more money, you know, if you once you get into those big numbers, 10 million times 3%, you're talking about you're making $300,000 a year return just by holding your Bitcoin in a block five. So I understand why they did a second tier, but if you're not anywhere near these numbers, those numbers there, then I wouldn't do it because just holding two Bitcoin is going to make you a bigger return than if you hold, you know, three bitcoins. So unless you're going to be doing over, I would say probably five Bitcoin or somewhere around that 300 to $350,000 and higher, I wouldn't even put all of it. I would just keep it under two and a half percent. I mean, under two and a half bitcoins. So because if you get to like 325,000 times 3% at that point, you're getting to that 10,000. So now you're above it. So, you know, at that point is fine, but until you get past that $6,000 return, it's just not worth having, you know, three Bitcoin on there, you're going to be making less for bitcoins, then you'll be doing what you're doing with two bitcoins, right? So there's the same return with four bitcoins in there. It's the same return as having, you know, two bitcoins in there. So maybe five bitcoins might be that number. So once you get to five Bitcoin at 3%, then you're making 7,500 back, you know, and it only it only goes up from there. So maybe five and up, then it's fine to get in there. But if you have less than five, I wouldn't put it all in there. I would keep, you know, keep it at two bitcoins max. So what we will do, we will test out the two bitcoins thing. We're going to start with one Bitcoin for now and then see how it goes for a few months and eventually deposit a second Bitcoin and then we'll play with it. And then, you know, as time goes by, we'll maybe we'll even try the up to five or more Bitcoin for you guys to see how that works out. Just kind of making money as we're just just for holding Bitcoin. So making an extra 6%, extra 3%. And the other thing that we want to do as well, probably we'll do it on the next update of BlockFi is play around with Litecoin. So Litecoin, you guys can see here returns the biggest amount for crypto. So Litecoin's return is six and a half percent. And there doesn't seem to be a limit. So we could put $150,000, which, you know, with Bitcoin, if you put $150,000 in Bitcoin, you would only get 3%. But if you put $150,000 with Litecoin, you're still getting that 6.5%. And you're making almost $10,000 at that point yearly. So that might be an idea that we play with. So that's basically what we're looking at here today. We just want to look at the different options for you guys. So to recap the video last month, we put in five Ethereum in here and we got total interest pay of about $26. And then for this month, we're starting with one Bitcoin. We just put one Bitcoin in here yesterday. So far to date, we've made $20 return, you know, with a very minimal amount of Bitcoin in there. So we're going to leave one Bitcoin in here for a full month and see what type of returns we get over that month. We were expecting to get somewhere around $250 this month return. But we will see what happens because obviously there's a lot of variables, including what Bitcoin's price does over the month. So that's pretty much it, guys. I just wanted to give you guys an update on our BlockFi position and what we're doing with it. You know, we're going to continue to play around with it and give you guys different ideas and how to best use BlockFi and make the most out of whatever crypto you're currently holding. If you're not registered with BlockFi yet, make sure to register. We will drop a link in the description. You guys can use that link to register. So just go ahead and click the link in the description. You can get up to $250 bonus on BlockFi by using our referral link. I will also link it in the comment section. So I hope you guys enjoyed this video. If you have any questions, make sure to drop it in the comments. If you enjoyed this video, make sure to hit that like button. Make sure to also subscribe if you're not subscribed yet and turn on that notification bell. That's pretty much it for us, guys. I will see you on tomorrow's video. As always, peace and love.