Picking Cryptos with Darts (Update). It can be profitable... just depends on the trend!

in crypto •  7 years ago  (edited)

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It's not like it hasn't been done before!

A little over a week ago in an earlier post (Crypto-Picker's guide... ) I mentioned my plan to use a set of darts to make a couple of cryptocurrency choices for me. I threw three darts and choose two of the three crypto's I hit. I simply placed a random number of low-priced currencies on the board and proceeded to throw three darts. I previously stated I would spend about $50 on each crypto I hit and report the results. Well, it's been 11 days (I got distracted with shooting some videos) and here are the results:

1st dart - Digital Note (XDN). Purchased 568 tokens @ $.0879 ea ($50). Current value - $14.94.
2nd dart - BitBay (BAY). Purchased 161 tokens @ $.31 ea ($50). Current value - $20.73.

I experienced an overall loss of $64.33.

I must admit this method was fun and I actually would have realized a gain if I would have sold the next day. But the big down-run began and spoiled everything. As it turned out though, it didn't matter what cryptos I hit... they have all suffered big losses this last week.

My plan now?

Just HODL!!!

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You only book a loss if you sell. HODL!!!

Might have to HODL these two forever! 😨

Hahahaha I literally laugh at the idea. like seriously you got tired of all those analysis huh? and what the heck might as well. LOL

I should do this one of these days. I'm sure it'll be fun!

Just don't mortgage the house when you do! lol