The story of my 52-week challenge: Making PhP48,000.00 from PhP5,000.00 Trading Bitcoins

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December is fast approaching but I'm not excited about Christmas though when I talk about December, I am excited about the opening of people's piggy banks who joined the 52-week money challenge this year! Yes that's what I'm excited to because I too joined the craze back in January.

How to start your account in Coins.ph

Though, most of the people who joined this 52-week money challenge knew exactly how much their money would be during the 52nd week, well, not on my case because I modified the 52-week money challenge so that at the end of the year, I wouldn't  know how much my money is because I either lost it or profit from it because I am using that money to buy and sell bitcoins in Coins.ph.

So much for the talk, I've made a spreadsheet to monitor my savings on my 52-week challenge including its profit or loss while bitcoin's price is fluctuating (See below)

As of this writing, the sell price of Bitcoin in Coins.ph is around 417,906 thousand pesos per BTC. That's huge right? Well yeah! Of course, who would not be happy to sell their bitcoins on that price especially that you bought it just around 45,000 or 54,000 back in January and March this year?

Based on my spreadsheet above, from January to March, I was able to invest my 52-week money challenge fund worth PhP5,840.00 and bought bitcoins, the total BTC in my possession was 0.11649402 BTC, just a very small one.
If you knew how to compute your BTC value based on the current sell price, we just multiply our BTC to the current sell price, which is 417,906 in Coins.ph, so our 5,830 pesos would become 48,683 (0.11649402 x 417,906). That's sweet!

But! Sadly, I learn it the hard way!

Yes, I was tempted to sell those bitcoins, at the cheapest price of, just 61,000 pesos back in March taking just a mere profit of PhP1,289.69, when the price climbed steadily to more than 100,000 pesos per BTC, I was devastated, although I was able to increase my 52-week money challenge and proven that my 52-week money challenge technique works.

If I didn't invest it in BTC, my 52-week money challenge would not be profiting 1,289.69 and may just be sleeping in my piggy bank until I break it at the end of the year, not bad right? I'm now 1,289.69 pesos richer than anybody else. HAHA!

"I'm now 1,289.69 pesos richer than anybody else"

What did I do After?

Knowing that my technique worked, I continued my 52-week money challenge and still investing it in BTC, and my new spreadsheet now says I made more than 4,000 pesos profit, and overall including the last profit, the profit now stands at 5,000 pesos.

My 52-week challenge is just 10 pesos per week so I know exactly at the end of the year I will be saving 13,780 if just using the normal challenge, but using my technique, I know I will be making more than that come 52nd week.

Here is my new spreadsheet to monitor my new bitcoins.

Let's see at the end of the year how much we can get.

If you're interested in joining the 52-week money challenge next year, you are very welcome to copy my technique, don't just let your money sleep in your piggy bank.

"Don't just let your money sleep in your piggy bank. Invest it"

I'm using Coins.ph to buy Bitcoins, so if you want to also use Coins.ph, you can click on this link to create your Coins.ph account now, or learn about Coins.ph first on this beginners guide.