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Who: Henry and Marie Kendall
Selling their old share of Bitcoin seemed like a safe move for Henry and Marie Kendall. They had profits to take and a means of making good on their in the Bitcoin investment from 2014.
“Reaping returns of more than a 100 percent seemed just fine to us. But then we thought, ‘hold on.’ Cryptocurrencies are not dying,” Henry said. “There may be more we can do with our Bitcoins than just cashing out.” For the record, the Kendalls did end up selling some of their Bitcoins to profit off the initial investment.
Then they found Proficoins.io. The startup provided an avenue in which their remaining 6 Bitcoins can actively work for them. According to the Kendalls, profitcoins.io allowed them to take advantage of a system that profits off the price fluctuations in the cryptocurrency market.
Profiting from Price Fluctuations
The startup’s fintech identifies prices of more than 100 providers of cryptocurrencies and Bitcoin exchanges. The company measures the time identified price discrepancies will last using its proprietary PCCTA, which stands for Predictive Crypto Currency Trading Algorithm. Then it will buy digital currency at the lower cost and selling it to the provider offering a higher cost before the price of the cryptocurrency levels out.
The company’s literature says, “Proficoins.io’s patented PCCTA uses state-of-the-art technology to predict which price fluctuations will persist long enough for profitable transactions to be completed.”
The Kendalls also took advantage of the company’s leverage instrument in which their investments were basically matched 25 to 1. In this particular transaction, the Kendalls made a €1,000 investment of Bitcoin that was leveraged by Proficoins.io, who added €25,000 into the position.
The Bitcoin from this transaction sold for a 0.15 percent increase, at the high end of the average cost differences according to the company. Profits were based on the combined amount, so the €1,000 investment has the power of a €25,000. The resulting profits were €37.50 as opposed to the €1.50 if the leverage was not applied.
The Kendall’s Investment Portfolio
The Kendalls, 49-year-olds who married after graduating from the Syracuse University, play it safe.
A dermatologist and math teacher by trade, Henry and Marie live comfortably enough to set aside money for their retirement, and have been doing so since they were 25. About 85 percent of their savings are in “sound” investments like mutual funds, IRAs and slow-growth investment vehicles.
The couple said they were still young enough to spend the other 15 percent on riskier investments. They put some of that investment into Bitcoin in 2014 when it was listed at just under €800.
The Kendalls were originally scared of the cryptocurrency market after reading horror story after horror story of people taken by scams. But they weren’t afraid since the risk was not huge. So they took what their friends was a huge plunge.
They got a hold of 10 Bitcoins and the rest is history. Almost four years later they are more than satisfied with their decision, but not enough to get rid of their entire allotment.
“Although cryptocurrency is new, it’s proved to have some staying power. I wasn’t ready to get rid of all of it yet because I couldn’t predict what the future held for Bitcoin,” Henry said.
The Kendalls found the Proficoins.io web site in their months-long research project. Henry and Marie found the user interface simple to navigate with basically two choices to make – “Start” and “Deposit.”
“It took us less than four minutes to sign up,” Marie said. “Although Henry was ready to hit ‘Start’ after plugging in a phone number I said, ‘hold on. Go to the demo link first.’”
This gave them the knowledge they needed to proceed. That and a little guidance from the 24/7 customer support line.
Their relationship with the startup blossomed over three months and the Kendalls said they are thrilled to make safe profits and hold on to their remaining Bitcoins.
“I thought the only thing we could do with our Bitcoin was buy and sell. But, Proficoins.io gave us another option, and the profits can be just as big,” Marie said.
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