DELTA - Making Money with the Bitcoin Money Machine
200% Growth in 10 weeks by using the energy of the CCoins
Over the years I've been a very strong believer in the Bible philosophy "To everything there is a season, and a time to every purpose under the heaven:"
"There is a time to plant and a time to harvest what you planted".
The successful farmer knows this and uses this principle to run his farm.
I decided to test the season-like cycles of the CCoins to plant when they are hot and to harvest and plant a different 'crop' when they are not.
How did I start? On October 27th 2017 I opened an account with https://coinsquare.io, a leading Canadian cryptocurrency exchange. I funded the account with a quick and easy eTransfer of $100, (95$ after fees), and bought Bitcoin. Here's my first screen shot.
Being inquisitive by nature - I decided to tinker with moving between the top coins as they moved up and down. I love the wide swings, there is so much potential there for some very significant gains, (or losses too if not actively monitored).
So as the Bitcoin holdings grew in value I spun off some of the growth into Ethereum and then into Bitcoin Cash. This week I added DASH with some of the growth.
The beauty of these 4 coins is that they normally do not all move in unison, that is, when Bitcoin is selling off then another coin is probably going up. This diversification helps smooth out the swings as the total value trends upward.
How is this experiment working?
The original 95$ has grown to over 200$. It has more than DOUBLED in value in just over 10 weeks - NOT TOOO BAD!
Here is the same account this afternoon, Wednesday, the 10th of January - with no additional funds added.
The Delta Engine - From time to time I look at how each coin is performing, crunch the numbers, and come up with a 'target' that each coin should be of the total mix.
For example, currently my Target Mix is Bitcoin 10%, Ethereum 47%, Bitcoin Cash 26% and DASH 16%. (yes, I know it doesn't add up to 100% but close enough).
When a coin is dropping in value, it naturally decreases as a % of the total mix. Likewise, when a coin is climbing in value, it naturally increases as a % of the total mix.
When the actual mix gets too far out of line with target then I make manual sells and buys to bring the mix closer to the Target Mix.
I'll post updates from time to time for the target Mix and the total Value at that date.
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DISCLAIMER: I started with $100 and have not added any more money [yet] to keep my losses to a minimum as I 'play'. I am thinking of doubling up to accelerate the excitement.
Not intended as investment, financial, or trading advice. This is me chatting about what I see and what I am doing.
CAUTION: I learned many years ago, (and re-learn with each exciting new 'eureka' moment), not to confuse BEGINNER'S LUCK with awesome genius.
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Comment below and I'll comment back. Follow to get updates to how this is going.
DELTA - Making Money with the Bitcoin Money Machine
Those are pretty impressive returns.
I sure hope you can maintain that pace, but I would recommend a bit of caution (that is, if you are not already being cautious). I tried day trading in forex before, and while it can be lucrative, it is also very risky, and it can turn into a complete bust.
Then again, if you're not trading on margin, it's not quite as risky.
Anyway, thanks for the link to coinsquare, as I've been realizing that I should diversify my crypto holdings.
thanks @majes.tytyty. yes, no margin plays here, I took a small hit today with the chatter about S. Korea considering some cyrpto regulating. most coins were down across the board, 3 of the 4 in my holdings included. If the past is any indication we should see a solid rebound over the next couple of days.
Nice post.
I see you use coin square.
I do not personally know anyone in Canada, nor one that is in crypto.
Any news about new coins being added to coin square ? I noticed some noise about XRP being added. Hear anything Defining ?
hi @mindless. A fellow Canadian? I'm now cleared for Coinbase as well and will be testing the eCoin University signals there and see how they compare to my homemade DELTA Machine. eCoin says they average 10% or more a week and I find that is quite doable.
I haven't heard anything definite about Ripple being added to Coinsquare, there aren't a lot of exchanges where you can access Ripple yet. I would love to have included Ripple in the mix over the last few weeks when it was trying to go into orbit.
Yah that would have been amazing! 10% or more a week would be really nice, I hope it works out for you.
As for XRP, I agree would of been amazing to see it integrated into some of the simple exchanges. Which ever new coins come out next, I think people will jump all over them. Im happy to got into XRP early, but really concerned with the future of it. Hoping to hear some news here soon. It is still very early in the year, trying not make any unjustified moves.
It looks like there is some profit taking going on with XRP at the moment. Keep an eye out here from time to time as I report back on the DELTA Machine and how it's doing. By going with the flow I'm hoping to continue to do closer to 20% a week though I need a good knock back from time to time to stay humble and in touch with reality.
I'm from southern Alberta - and you?
Yah its hard to not get greedy sometimes when you see 10-20%. Best of luck and I will definitely check back and see how things are going.
Im out in Florida.
Do not know any Canadians, so hello new friend lol
If you get some XRP news out there, shoot them my way if you can. Thanks!
will do, the XRP part, that is - not sure yet about the greedy part :)
This post has received gratitude of 0.60 % from @appreciator thanks to: @watertoncafe.