About a week ago, before bitcoin dipped, I got a call from a trader who wanted to sell some paper dollars. I looked and my XMR was around $410 per, so I set lunch for the next day.
We met and I pulled out my phone to see that XMR had dropped about ten percent along with everything else. I am sorry, but I do not sell dips. He was disappointed so I looked again. The only thing that had not dropped very much was BCH. I sold him all BitcionCash that I had on me at around $920 with the intention to buy it back later that day.
I saw that everything was still tanking when I got back to my computer so I waited.
I did watch everything closely and bought several coins during the dip, but I was watching a huge rally on Pirate Chain (ARRR) and sold out at $6.80, missing a huge rise but content with massive gains (I bought in around $0.30). This coin is now back down to around seven dollars, and I may buy half my position back today and ride it back up if it goes there.
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I also re-bought my BCH at $780 for gains of $250 per coin as of today. Great to see that one breaking out over a thousand!
I also re-bought Dogecoin at $0.24 and watched it go back up to $0.40 today. I did not buy big, I just bought back some that I had sold in recent weeks. But I am happy to see it breaking forty cents again. Remember, I paid a hundred dollars for 300,000 Dogecoin years ago, so what I hold now is completely risk free! I got my hundred back when I sold half my stake about a month ago (at 135X what I paid) so if it went to zero I would still be up over $12,000 on what I sold a couple weeks ago.
I have been glued to the exchanges since my last post and follow my but and experience to get deals. Remember, Volatility is your best friend!.
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Lol, kind of know what you mean as I've been doing the same and you're right. Volatility is my friend and this year especially as we may not get another one like this soon.
I like how you think as you take profits, take out your investment and invest the profit. The best strategy. Keep it up! :)
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You are planning to earn a huge profit from these coins. Good luck
I’m glad to be holding a little bag of dogecoin hoping it’s will go higher before letting go. Glad you came back in and still getting small profit at 40c
What is your strategy? You are doing great.
The last time Bitcoin started to drop, it took a couple of days for the alts to react and drop with it. I was able to get some cash before the alts went down, then bought them back once they had fallen, BCH for example. If you want to summarize my strategy, it would be cautious optimism.
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wow, thank you @ezrider
Yep. Volatility is great and always try and take out what you invested. Happy to see things worked out well for you. Lately everything is looking like a decent buy but keeping my game plan simple.
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You are doing great❤️❤️
Good observation and nice buys on dips.
I am still a learner as for as Crypto buying is considered and have an aspiration to buy atleast half a Bitcoin with all the blogging earnings I get from Hive blogging.
Thanks for your continued support on my blogs and always appreciate that.
Have a good day :)
Yes indeed. I love the Hive earnings as well. This is really profitable in a steady-as-you-go kind of way. Hive is a great replacement for banks.
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100% agree with you, I am just depositing Hive and some Steem as well into Bittrex and converting it into BTC at regular interval :)
Every little counts towards a bigger goal and I feel like I should write more and more blogs than playing many Splinterlands battles to cash in the Hive price increase.
Wishing you a wonderful day :)
Your post has been voted as a part of Encouragement program. Keep up the good work!
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