$$$ The Bitshares Rocket to the Moon ... Sometimes you just get lucky!!!

Crypto Blog.

If you don't know already Bitshares (BTS) recently hit the moon.

It gained over 300% in two days which is crazy..except, its not really in the world of crypto.

Fortunately I bought in a few days before, I could tell you it was a very smart decision based on in-depth technical analysis or I could tell you a more truthful story and say it was lucky. (undeniably it was very lucky).

The real truth is I heard an interview with an ETC (Ethereum classic) developer and a well known youtuber (Crypt0).
They briefly said that BTS is one of, if not the best blockchain technology that exits so far also saying how great Ethereum is and how someday its likely to be the best technology but as of right now its BTS.
Therefore it sparked some interest and I briefly researched the Bitshares website and I was genuinely impressed with what I found. I quickly looked at the Bitshares graph on Poloniex and noticed that in fact it hadn't been pumped up recently, Unlike a lot of the top coins. Also it had a decent market cap and a "safe" level of volume.

I jumped right in!

Then it all happened. I woke up the next day and wow! It was up 40%
First thing on my mind was, I should sell and take this nice profit.
I watched the BTS chart and was waiting for the top of the current spike so I could sell.
It didn't come for quite sometime. In fact it wasn't until the next day when I woke up in excitement and some what panic thinking the price probably has crashed, that I found it was still going strong. + 150%

Now the articles we're coming in fast from all cryptocurrency sources and the hype was real.
All my natural instincts said this was too much of a gain and I should sell quickly but with all this added attention I decided to wait it out. It paid off!

I kept going back to BTS thinking it will have crashed but nope.. It was still going up in price.
Now it became a lot harder to make a decision as now the volume was through the roof and every minnow, dolphin and whale were trading BTS.

For a newbie like myself it's a hard decision when a lot of money was now at stake relative to my bankroll.
There were bear traps left right and centre, panic selling everywhere and people where taking their profit and running!
Again every instinct said sell but my brain said No just be patient.

I've learned in my limited time trading to stop letting emotions make decisions and be logical with my trades.

So far BTS had gained almost 200% and every time it dipped it came right back and broke into a new all time high.
I needed to sleep. What was I going to do?

I decided to let it run its course but I decided to set a sell order for a high price if it spiked while I was asleep.
It did it was up over 300% I couldn't believe it. My sell order had been met and the price had went even higher but corrected to the price of my sell order.
A few hours later the price had dropped quite significantly and my spirits where high but now what. I wanted to be a long term holder of BTS and now this crazy spike!
I had no BTS but 280% profit, my feelings where strangely neutral. I thought about what I wanted long term and made a decision after checking the BTS graph that I was going to place another order.
A buy order this time, with the hope the price receded. I looked at the chart and even tho I wanted to impulse buy it, I set an order for the lowest point I thought the price would crash!

Guess what it has, and since been rising in price, "LONG" may it continue.

I'll keep an eye on it for now but I believe in the company and will be buying at any dip I can!

So sometimes you just get lucky! Right?

Maybe I'm getting better at trading, either way I've learned a lot from this ride and truthfully I believe that luck favours the people who prepare the most.

Thank you for reading my blog. Good luck to everyone on their journey!

Don't let the waves knock you off! Stay strong and you'll make it through!