Yesterday morning, I had a really hard time deciding where to go with my trade. I looked for probably an hour, trying to find the "right" one. I was looking for high volume and a wild price fluctuation in order to attempt to pull out some good gains.
I finally decided on Zcash for two reasons. One was that they had some good news on their twitter feed which I felt was going to pump it up. Another was the price fluctuations. There was a $30 price difference between the 24hr high and low with the price in the middle at the time of purchase.
This was a difficult trade for me. I bought early in the morning and of course, as soon as I bought the price tanked. It was down almost the entire day going between $5 and even $10 less than I bought in at. I thought I was going to lose big on this one but it ended up jumping back up and I eventually made off with a small profit.
Trade Stats
Trade 1 : Bought 108.75 ParkBytes @ Btc 0.00012353 and Sold @ Btc 0.00013347 for a profit of Btc 0.00108099
Trade 2 : Bought 0.33834449 Zcash @ Btc 0.04268662 and Sold @ Btc 0.04344294 for a profit of Btc 0.0002559
Profit
So after two trades I've started with 0.01346776 Btc and now have 0.01466194 Btc, a difference of 0.00119418 Btc. Unfortunately, that is less than it was yesterday at the time of this post due to the $219 drop in Btc price today. Currently, at this moment it puts me at $78.88. But that is why this is fun, you just never know what the crypto market is going to do.
Giving Back
A portion of the proceeds generated on this challenge will be given to a Steemit friend of mine who won a free trip to Lisbon for Steemit 2!
And I'm learning with you!
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I'm glad! That is my goal! I'm actually just flying by the seat of pants though, it's been fun so far.
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