Tutorial BTCJam – How to be a good bitcoin investor and make money by investing into small business loans
In this tutorial we are going to talk about “How to deposit bitcoins”, “How to invest”, “How to recognize good commercial business loans”, “How to invest into best small business loans” and about some other steps on BTCJam from the vision of a good bitcoin investor. So we got an account, we already verified our identity and we are located in the point of investing.
Before we start, in the image ahead we see a window that invites us to investing and gives us some advices about how to invest into the best business loans. We can choose between two types of investments: finding the project on the list or invest into “packages”. About packages we are going to talk later. Now we are going to look at how to deposit bitcoins to our BTCJam account so we can start invest.
1 – Depositing bitcoins
In the main panel, in the right, center, part we see a box with our balance, with an option to see the transactions or withdraw/deposit balance.
Options are clear. In this case we are going to deposit so we click on deposit button, and this page shows up:
Everything is very simple, if you have online wallet you can do it through your online wallet and if you don’t you can do it by simple copy and paste of an address. Inmediately after the deposit was made the money shows up in our balance.
2 – InvestmentsHere is necessary to choose the right investments and projects. In the images they show us two types of investments, you can invest into individual project/s or you can buy a package of investments. About packets we were writing in the first part “How to get a loan”. They show us many advices and tips too.
The platform together with credit rating does a lot of work. If somebody wants to have a good rating and reputation, it force you to identify himself and connect all his social networks, bank accounts, paychecks, etc. About this we were talking in the last part.
Thanks to these information the investor can get the informations about project and about his author easily. Is it a trustfull project/person? Does he have a good reputation? Were there any problems with him/payments? Is it a bad person? Why he wants to get a bitcoin loan?
Second advice tells us about the necessary of diversification. Its a princip that pays for any type of investments: Short term business loans and so Long term business loans. If you divide the sources to many project you miniaturized the risk, so one non paying person with small buisness loan doesn’t get us to the red numbers. So first think about the projects, find a lot of informations about its author and then choose other project and divide the money between them.
3 – Finding a bitcoin project
The first thing is, that we have find the projects that need investments. Its not easy, because there are more then 300 online bitcoin loans projects, from somebody that wants 0,22 BTC as fast business loan to somebody that wants 30 BTC for car loan. For navigation we use a lot of filters in the list.
On the left side we have the list of filters that we can use, from reputation and credit rating up to many types of loans. In the center of list we got some info about the project. We can also use a “Search” to find an individual commercial business loans.
Once we find a loan or project thats interesting for us, we click on it. We will be redirected to the project card with all information about it plus, of course, the “Invest” button. Together with the complete info about the person that created this project, comments from other investors, we can choose if its worth of our investment or not. Then we click on the “Invest” button.
The window shows up showing us how much money you will get, how much money is lefting for the 100% project funding, and the field where we can choose an amount how much we want to invest.
4 – CONTROL PANEL
In the main panel we have several options, how we seen already in the last tutorial. One of them is called “Investments”, and if we click on it, this page will open:
Here we can get a lot of relative informations and datas about our investments like: payouts, completed investments, active investments, not fully funded investments and pending investmens. Pending investment is such investment that didn’t get from the investors 100% of the amount. If these projects are not fully funded the investors will get their money back.
In the part below we find informations about our investment loans rates, business loans, how much we already invested, what are our payments statuses etc.
The only thing left is to describe “notes”. If we invest to some project we create our investment package that we can offer on the market, this process is called “notes”. As we can offer our packets, we can also buy others people packages.
Other option we get is “Statistics”. Statistics shows us the global statistics of BTCJam, investments, loans divided by countries, categories, dates etc..
And the last option is called “Payments”. This window shows us calendar of our payments. Payments, if you wanna borrow and Payouts if you are investing. Of course, you can be an investor and borrower at the same time if you want.
I hope that this tutorial will help and teach you how to invest on BTCJam. Its really one of the greatest trading platforms for investing and it makes from the investing a pleasure. Its extremely easy to use and its completely free. Its a great way to profit and reinvest our bitcoins. BUT, you have to use the golden advices and always minimize the risk. Don’t invest into bitcoin loans without getting so much information as you can.