100K Challenge (day 003/300) : HODL
HODL !!!!
Day 3 began with a look at the markets as always.
The markets seemed flat and certainly didn't have much opportunity in them today.
I decided to HODL but then noticed a post from a trading colleague of mine that prompted me to take another look at the state of Bitcoin.
The graph indicated a bullish reversal and revealed it would take a lot of force to stop what looks to be a market about to collapse to somewhere in the neighborhood of $1,750. This would not be good for my current position, and of course I was leaving myself with 100% exposure on Bitcoin. So the decision was either head for dry land or stay in the murky waters with untold creatures lying in wait.
Bitcoin Holders Beware ''There will be blood in the crypto streets ''
If you decide to stick it out you better be prepared for turbulence.
I opted for the safe route towards the dry sacred Euro land.
Transferring my Bitcoin to Euro to ride out the storm.
After an overnight percentage increase on my BTC, I was happy enough to watch the immanent madness unfold. I intend buying back in when the market hits the low point ...... and ride the wave back up to the promise land.... oh yeah baby
Result after Day 3 (Starting bank : €3,000)
Not yet in play : €500
Fiat : €2,564
BTC Value: €0
Steem : €0
Total : €3,064
Not bad : I don't anticipate any changes to the strategy tomorrow.
I'll defiantly give the monster another day at least to show itself.
Not Losing money holds the same value as making money so for now the plan is to take a watching brief and exercise some discipline.That way when the big move comes, it's all gravy baby !
I will continue to update the challenge daily. Feel free to make any suggestions in the comments.
€3K to €100K ... let's do this ! ... to the moon !
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Keep us posted @wannerbet I'm interested in watching your progress :)
Will do @gdreyer - Thanks.
Hope you managed to get your exchange account set up.
Yeah all sorted man I actually switched to Bittrex and the verification took like 5 mins. Just need to get some fiat in and pick my coins... slowly but steadily :)
Good job ! ... Just in time for the next price surge :)
this article has aged well; Here we are, bitcoin 'dipped down' to $6,400 .... and people are talking of it dipping down to $5k still .... while 'this time last year' ... it was sitting at $2500 and we were discussing the 'blood in the streets' --- great foresight; hope you got back 'in' in time