Back to trading! (Ulog #26)
So I was going to try and write up a @tasteem entry post sometime today, but I've been a bit distracted by some of the stuff that is happening in the crypto world. It's been a while since I've been doing any trading, like most people, I've gone into hibernation.
However, a couple of announcements by the Ripple team (about xCurrent and the upcoming xRapid rollout) have made the market go crazy. So, today, I finally moved some Ripple (XRP) to Binance to try and maybe catch a wave or two.
In addition, there is an ongoing contest over at KuCoin for trades (both buys and sells) in the newly listed cryptos: BUMO (BU), Tron (TRX) and Eden (EDN). I don't have interest in those coins (well, maybe a little in Tron), but I am in for the BTC prizes, and so I have been just setting up a few small trades back and forth! You can read about the birthday celebrations and prizes here!
Ripple Goals
Well, I'm trying to be quite conservative here. I want to be able to exit this wave of frenzied buying with the same or greater holding in Ripple, whilst taking a small profit in Bitcoin. After that I can decide if I want to keep it in BTC, or to cash out and fix that gutter that has been damaged in the recent storms....
Not looking to double or triple or go crazy here. I'm also not going to risk or stake the majority of my XRP. No need to be greedy!
Contest Trading Goals
For this contest, my goals are pretty simple. Maximise trading volume (buys and sells) such that I land in the 200-500 rankings that will take a BTC payout in each of the categories (BUMO, Tron and Eden). In the end, I'm not really keen to be holding any of the new crypto, except the amounts that get paid out as prize money (but I'm more interested in the BTC part of the prize!).
Thus, with the trades, I'm looking only to cover the 0.1% trading fee, with any extra being a bonus! That makes life easier than trying to make a decent profit!
Conclusion
So, there you have it. I had a day of cautiously setting up some conservative trades, and watching the price feeds and reading up on all the Ripple news... Exciting!
Which meant, that I also ruined dinner!
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Posted from my blog with SteemPress : http://www.gamerjokerbreadder.com/2018/09/21/back-to-trading-ulog-26/
Well goodluck on BTC contest at KuCoin...I won something there but the KYC was such a bitch that I seriously let it drop
apart from that, the markets are fresh today man! good to see
You had problems with the KYC? Mine seemed to fly through pretty easily, I was done and approved in a day or so (I did it a long time ago, so I can't remember exactly!).
You gotta some nice taste @bengy. Be it in tasteem or in the trading market 👍....all the best..with market in green
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Thanks! Gotta stay safe on the markets, it's been a while!
True...kind of roller coster..be safe
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I've held XRP since Since CEO Larsen (the pre-ArmaJeddon days).
Also here's a good article (pro-XRP) about the current scene...
https://xrpcommunity.blog/foundations-of-success/
Solid post.
Namaste, JaiChai
Thanks, that was an interesting read. XRP really is a project that divides the crypto community, but I have found that it could be a gateway that is acceptable to the current status quo. After all, I think change will need the backing of the current system, and we waste too much time and effort being too idealistic. On the other hand, I also back other projects which are more idealistic....
Good Luck with the contest. Don't you hate it when you get sidetracked and you burn dinner? I do that more than I care to mention LOL.
Ha ha, normally I don't get so side tracked... I usually am listening to a podcast instead of playing with crypto!
Best of luck on the trading it is just so hard for me to time it right. I had some XRP was like should I sell it after the big run up and then I watched it come back down a bit a hour later and was like darn I knew I should of sold it but I was at work and too busy. I do hope you win some prizes
I managed to catch the tail end of yesterday's spike. Will keep a better eye on it today in case of another spike, there has been two days of running up so far...
Its great to see some green in the markets, good luck with your trading
Thanks! Green is nice, but got to make sure that I'm not greedy!
Ohh course being sensible and working on slowly building up is probably the safest way to go
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