BITCOIN CHALLENGE - Turn 6 Bitcoin into 7 Bitcoin in 7 Days.
Every day we should be challenging ourselves in one way or another. It can be in keeping healthy or learning a new subject or even becoming a better human overall.
But whats important is we always try to move forward and never stay stagnant. Don't get into such a repetitive daily routine that the days become meshed together. It is easy to get into an online timewarp but avoid this at all costs, time is short and precious.
I challenge myself daily with all the above and I try to stay balanced. But one challenge I particularly like on a daily basis is to see my portfolio grow. But I also like to see it decline at times.
Why do I like to see it decline?. Because it gives me more motivation to get better as a researcher and as a student of trading. Trading altcoins definitely need a slightly different approach than the regular stock market, but many basic trading skills are universal across all markets.
Every week in the altcoin market there is bloodbaths and there are higher highs, but one thing remains the same at the moment, and that's the market is so volatile that it is a goldmine for anyone that takes the time to learn how to attack it from all angles.
Challenge Details
In this personal challenge, i will be trying to turn 6 Bitcoin into 7 in 7 days regardless of market conditions.
Start Time: 4:37 pm 18th June 2017
Finish Time: 4:37 pm 25th June 2017
Current account worth: 6 Bitcoin
Current Worth in actual Trade-able Bitcoin: 1.8
Altcoins currently Trading in order of worth:
[ETC]-Ethereum Classic
[BAY]-BitBay
[XZC]-Zcoin
[PIVX]-Pivx
[1ST]-Firstblood (small pump happened so just sold it at 6:30pm)
[ZEN]-ZenCash
[BLOCK]-Blocknet
[DGB]-Digibyte
[CRB]-Creditbit
[SWT]-SwarmCity Token
[AMP]-SyneroAmp
[XEM]-NewEconomyMovement
[SPR]-SpreadCoin
[CLOAK]-Cloakcoin
click for larger image
Now keep in mind I am ignoring my normal long hold strategy with percentages of coins I keep. I will also be ignoring my 2x/4x strategies. This is purely to try and reach 7 Bitcoins in 7 days.
The more coins you invested in the slower the rise can be because the value is spread out and it takes a big pump to have any real impact. But the same applies to the drop in the value of the portfolio.
My strategy for this 7 days is to make as much short-term profit as possible, and as fast as I can to reach my goal.
I will post my daily trades - buys/sells, and progress for each day. I will also be recording my progress and will post a summary video at the end.
I am actually excited because I love a challenge it's what really gets me pushing to new levels to see what is possible.
UPDATE:
While i was making this post @6:30pm, 1ST decided to start pumping a bit so I made some quick sales.
Great work and i love your post. Do things bit by bit to manover your accounts. Never rush anything just take it slow. I haven't result startwd my bitcoin journey yet but 1 day i will
Thanks:)....Yeah exactly slow but gradual is better. I have another account which is shared and I trade for my partner. I take a more long hold approach after trading the profit for initial investment out of it first. This challenge is more about trying to escalate in a more aggressive way. But we will see what happens :)
You are indeed a dcipline person. Very good
Just help me guys ....clear my doubt plz ...does steemit really pay u guys ....I mean really money ...??? Or all dis is just ....fake ??
Yes you get paid in Steem Dollars (SBD) and in steem for your posts. SBD can be sent to an exchange and converted to Bitcoin. I have been using Steemit since July last year and it has helped me financially many times.
How much have you earn so far...I mean monthly
This is awesome. Followed and upvoted. Looking forward to the result! Best of luck!
Cheers mate :)
Sound like a cool challenge :) What other altcoins did you consider? The bittrex screenshot shows 2 other pages.
Above I listed from both pages except for Memetic....I normally have ETH but sold all for certain reasons.
This really is something I'd like to do.. maybe next week.. lets follow you for a week.
I can tell you it is a lot of fun :)
muy buena tu informacion
:)
Wow, what a great challenge! I'll be interested to see your progress as you continue. A lot of times people tend to get complacent and not push themselves. The only way you can get better is constantly try new things because no one ever got anywhere by standing still. I'll be cheering you on and trying myself :)
Exactly....Getting to comfortable is not good....good to be on your toes :)
Mind if you can share with us the platform/software you would use for trading except from the pic you shown?
I use Coinigy http://prntscr.com/flesvi
Cool challenge! Right another okay after and keep us updated! Upvoted!
Going to make a daily post with all information :)
Everyone needs to challenge themselves.
Key to success!