Yesterday morning, I had a really hard time deciding where to go with my trade. I looked for probably an hour, trying to find the "right" one. I was looking for high volume and a wild price fluctuation in order to attempt to pull out some good gains.
I finally decided on Zcash for two reasons. One was that they had some good news on their twitter feed which I felt was going to pump it up. Another was the price fluctuations. There was a $30 price difference between the 24hr high and low with the price in the middle at the time of purchase.
This was a difficult trade for me. I bought early in the morning and of course, as soon as I bought the price tanked. It was down almost the entire day going between $5 and even $10 less than I bought in at. I thought I was going to lose big on this one but it ended up jumping back up and I eventually made off with a small profit.
Trade Stats
Trade 1 : Bought 108.75 ParkBytes @ Btc 0.00012353 and Sold @ Btc 0.00013347 for a profit of Btc 0.00108099
Trade 2 : Bought 0.33834449 Zcash @ Btc 0.04268662 and Sold @ Btc 0.04344294 for a profit of Btc 0.0002559
Profit
So after two trades I've started with 0.01346776 Btc and now have 0.01466194 Btc, a difference of 0.00119418 Btc. Unfortunately, that is less than it was yesterday at the time of this post due to the $219 drop in Btc price today. Currently, at this moment it puts me at $78.88. But that is why this is fun, you just never know what the crypto market is going to do.
Giving Back
A portion of the proceeds generated on this challenge will be given to a Steemit friend of mine who won a free trip to Lisbon for Steemit 2!
And I'm learning with you!
I'm glad! That is my goal! I'm actually just flying by the seat of pants though, it's been fun so far.
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