Portfolio: £260,471.62
Yesterday saw the return of the alts, or at least getting them back to the level they were before the crash. It was so nice to see all that green across the board. I made a small amount flip trading one coin but that was only because I happened to look at a chart at just the right second and hit ‘sell’ on a huge green candle. Pure chance! Otherwise I sat and watched to see if my investments recouped their losses. I also spent a lot of time researching and writing about my experiment at cashing out without using Coinbase, Bitstamp or Localbitcoins et al due to the various issues they have at the moment – that’s in a blog post here: https://steemit.com/bitcoin/@glen-hodl/cashing-out.
I also spent a good half hour getting into arguments on The Guardian messageboard with people who didn't understand Bitcoin or the blockchain and instead just slagged it off or called it a Ponzi scheme (which shows their ignorance considering Bitconnect's recent disgrace). I tried to educate a few people who were actually interested in learning about it, but there's only so much you can do. You can lead a horse to water but you can't tell it to stop posting ignorant comments on messageboards.
Got a couple of good ICO results last night. TEL launched on KuCoin which allowed me to cash a large chunk out at about 3x the ICO price which was nice and was actually quite a relief as I went quite big on that, more than I would have liked in fact. I still have a little more to sell when it hits $0.01 and then of course retaining a moonbag. GAT also launched on COSS, but as was evident it dumped hugely – they gave out a massive amount of tokens after cancelling the crowdsale having reached enough funding, and it was evident that people were just going to dump their free coins. So once this dump is out of the way and it moves to a better exchange I can sell. I’m still up about 75% but that’s nothing compared to what it will be when it hits KuCoin or Binance.
I wasn’t quite sure what I was going to find when I woke up this morning, but it turns out that most coins were roughly where they were when I went to bed which shows a surprisingly pleasant stability, although BTC is still looking a little…twitchy. I’m not convinced we’re out of the woods yet. We’ll have to see what today brings, but a reversal could be very much on the cards and indeed is expected in some quarters.
Today I’m going to see if I can my ICO schedule in place as I have about seven I’m looking at investing in and another three on the horizon so I need to formalise a plan, and hopefully I get the confirmation regarding my cashing out strategy.
Fingers crossed for BTC.