0.1 BTC Challenge - 31.37% in One Week!

in crypto •  6 years ago 

Finally made some moves and took profits in WAN Wanchain. SUB Substratum has gotten back to above 6000 sats. LINK ChainLink has taken over the top spot in terms of BTC value, gaining over 35% in the last week. Not quite the crazy gains of other ones like ONT Ontology, but I'm good with these types of gains still.

I'm still holding SUB and LINK, haven't sold a single coin. WAN was originally planned to be used as a trade to help lower my average cost in my long term WAN stack and it did just that. I bought 35 WAN at 46999 sats and sold them in two trades: 17 at 60930 and 18 at 67160 - 36.46% gains.

In the meantime, I've used both of those trades to buy into VEN VeChain. VEN is one I've wanted for awhile in my long term stash and was waiting for a good time. It's recently broken through it's downtrend, so I took a small position using the first WAN sell. I also bought some with other long term funds. With the second WAN sell, I decided to do what I did with WAN in buying more VEN to hopefully lower the average cost of my long term VEN stack. In the end, bought VEN at two price points: 39751 and 40750 sats.

The reason I didn't use the first purchase in the 0.1 BTC Challenge portfolio is because it would've taken me over the 0.1 BTC level much higher. As my overall long term portfolio grows, the percentage allotted to the trading portfolio will skew lower, so I'll be more willing to up the amount that's in my trading portfolio. Until then, I'll continue to take profits and try to keep the trading amount to around 0.1 BTC.

The 0.1 BTC Challenge Numbers - as of 4/11/18, 10:07am UTC +8
Profits - 31.37%
Total Size - 0.141222 BTC
In Play - 0.112885 BTC - SUB, LINK, VEN
BTC to Long Term - 0.028337 BTC

01btc-1007.png

I've made some changes to my mid-long portfolio as well for more mid-term plays. I've sold some that I think because of fundamentals/news, I can probably buy back more later. I want to take advantage of different setups in the mid-term. For reference, my mid-long term portfolio:

ICX - Icon Project
DRGN - Dragonchain
QASH - QASH
ELA - Elastos
WAN - Wanchain
VEN - VeChain
POWR - Power Ledger
WABI - WaBi
SPD - Stipend
FOR - FORCE

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