BITCOIN CHALLENGE - Turn 6 Bitcoin into 7 Bitcoin in 7 Days.

in trading •  8 years ago 

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.


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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?

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!

Awesome post and Good luck bud :) Looking forward to seeing your next posts <3

Thanks mate :)

Interesting post, I like it ...

Cheers :)

Good luck!

Thanks!

Nice, keep us posted and good luck! I bought my first 2 ETH around 230-240 and that's turned out well so far. Still waiting on XRP to rise from where I bought in around .32 or so.

Nice...i am in the same boat i have quite a bit invested in XRP on my shared account and waiting for it to grow some legs :)

This is cool. It is a great idea and a cool challenge. I will follow you to keep up with your progress. And maybe even join in on your challenges. I began trading late last year and due to the amazing bull market this year has been, I have done quite well. It is a good practice to set goals for oneself and calmly and slowly try to make it happen. I consider myself more lucky than smart but trading is fun and exhilarating none the less.

I haven't been trading as long as that, but 'calm' is the word here that is important. When you first start it is very hard to sit tight and not let emotions drive your trading. But if you can get over this hurdle that's when the real light starts to shine. Some of it can be luck for sure if the coin you invested in gets hit by a pump team, but eventually they all do so good to diversify incase :)

Hey @cryptoiskey, great post! I am a relatively new Steemer and recently joined. It would be great if you would check out my latest post and click follow if my content interests you. Much appreciated!

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