Topic: The $1000 Stake Challenge! - page 2. (Read 4886 times)

Update number three..

https://i.imgur.com/zCkh6kE.pngGRW Growthcoin
https://bitcointalksearch.org/topic/re-ann-growthcoin-powpos-100-per-year-version-1301-641241

Well Where do I start, I had high hopes for this coin and things started off well. I was starting to stake but slowly I  ran into problems with the wallet. I think it might of just been me but my frustrations started to build. I would go from a flawlessly running CAP client which staked instantly to a stalling and sometimes semi freezing client which was taking longer and longer update. I was running the Mac client and maybe that's why I had issues. I gave some to my friend and he used the windows client was better but still not great. After all this Unick which seemed like he was doing such a good job and I thought was a great developer basically went MIA. Community is still around on the forum but I'm not so sure what can be made of it so about a month ago I sold off for a loss. If Unick came back and there was a community development plan I would be back in a flash(could be a speculative purchase for the future) but right now, not so much. The small amount I staked helped offshoot the loss slightly though.

Bought 70000  @ 115 = 0.08
Sold     76230  @  80 =  0.061

Total = -0.019

Thanks for the idea Tranz, I never thought of using Stake for Charity to that end. I will test this out and report back any results in my journal. Great idea. I was wondering are there any plans to get some charities on board and organize some stake 4 charity days for the coin? Could be a way to help out/make a difference to some under privileged people, I'm guessing one day a month where everyone staked for charity could really make a difference be cool a idea/event. I'm looking forward to 1.5 update/fork in the next following weeks 

Another way to make your investment back and still increase your position, is to utilize S4C. Using the highest auto sell on Cryptys, you will gain BTC, help the market keep liquid, and still stake at a high % thereby gaining even more HBN in the process. You can increase it even more if you put the BTC you gained back on the buy side(at a lower price)! 

The full gui beta version is available here:  https://github.com/Tranz5/HoboNickels/releases/tag/1.4.8.0.  As you noted version 1.5 will be released here in the upcoming weeks.

Enjoy!

Thanks digital, I have noticed the same thing in CAP, and not wanting to give too much away from my next coin update, but lets just say I managed to pick up a few more for the time being.

And nice journal Crazyloaf, I think your hype pick instead of my grw was a good one, as you will tell from my coming Grw update. I managed to pick up a small position in Hype for cheap (230 sats) and have to admit have been pretty happy with even that small amount .

Second off the bat is..

https://i.imgur.com/36GIa0x.pngTEK
https://bitcointalksearch.org/topic/tek-tekcoin-hi-pos-hybrid-pospow-no-premineipoico-320404

I was put into a bit of a pickle on what to do with this one. TEK ran into troubles with staking JUST as I hit 30 days ready to stake. This was an issue because 40% stake is sweet! But if the price drops below 40% in the short term I am better off selling and rebuying for a profit. I was torn to be honest. When you wait 30 days you become attached emotionally to your interest bearing coins, excited to get your nice chunk of steak at the end of the month . I wasn't sure if TEK was going to shoot up or down after this.

After I found out all TEK coins would keep their stake after the update I realised, that is a hell of a lot of newly staked coins on the market( >600,000). I made the right decision and told my self I would sell but wait for the price to hopefully rise above what I bought for it. I dodged a bullet of some sorts so I sold off slightly above my buy in price and managed to buy in on the exchange comkort when people dumped at around 10000. I then read that after the update people weren't receiving their full 40% so I sold off again before staking for a profit @ 17000. I missed the absolute bottom and top but I'm happy I played safe.

 All and all good trades, but bad pos month for this coin though. Currently I'm out of the market on this one until I have enough information to reinvest again at a profit.

Started ~1250 @32500 =0.401 BTC
First Sell ~1250 @ 35500 =0.444 BTC   +0.043BTC
Second Buy (comkort) ~3500@ 11000=0.385 BTC
Second sell (comkort) ~3500 @ 17000= 0.593 BTC

Total = +0.251BTC

 I am really proud of pulling out of the market when I did but something feels a little bit dirty about coming out so well on top from trading the high/low. This is supposed to be consistent profits from staking, but I guess TEK did throw me a curve ball here, so I'll take what I can get

More and more posts like this are done lately. And I love this! I just started learning more about how to earn something from crypto, so more like this the merrier.
Many thanks, keep us posted and good luck!

Good update, StakeChallenger. I'm also working on a journal too, with my main coins being the same except that I swapped GRW out with HYP. I do own some GRW, but it is surprisingly hard to buy a good amount without moving the market too much.

DigitalIndustry, why do you see future movements in CAP more clear than in HBN? I think both coins are pretty old, but HBN has had Tranz working on it and active development for much longer than CAP does. Last I checked coin counts were pretty similar, but HBN was x4 more expensive than CAP. Then again, HBN is pretty cheap right now anyway.   

good updated - my only advice is don't try to pick a bottom on some of these little coins they will move too quick, you are doing well, and it will average out if you pick quality.

I see upside for Caps ( the only one i own, in your group)  but it won't come quick it will be naturally market driven.

also i'm still assessing HBN and others.

I will likely add Caps to my journal but i want to get more tech specifics about it first, related to the update.

Good work.

Ok first off the bat of my update:
https://i.imgur.com/VFLr6M7.pngHBN
https://bitcointalksearch.org/topic/hobonickels-hbn-high-fast-stake-version-20-more-secure-less-intensive-303749

So far so good, Tranz has released two updates already since I bought into this coin, he has even built a block explorer into the client as well which is sweet for checking transactions on the go. Still waiting on the major update which is coming soon. I failed miserably at picking the bottom and bought in at 7400 and it hit around 4000 satoshi bottom but my coins have been staking away which helped offshoot any losses( luckily). It's currently sitting ~6000 but looks poised to move upwards as there has been a lot more interest recently.The POS isn't as high as some of my other picks but the constant updates and development are really impressive, I will continue to compound my stake.

Started 6500 @ 7400 =0.4822 BTC
Current 7855 @ 6000 =0.4724 BTC
Total = -0.0098BTC

Considering I missed the bottom completely(bought in nearly double of the actual bottom) my stake has really helped me to stay on top, Looking forward to the hard fork and will continue to compound this position. More updates coming in the next few days..

So I just wanted to say a little about what's been happening and what lessons I have learned so far. My biggest lesson by far has been, being too excited to start this journal and thinking I can catch a falling knife . All my buys were basically in a falling market and because I was so keen to start this trading journal I jumped in instead of waiting for the market to stabilise. This has meant if I had just waited 1-2 more weeks I could be sitting nearly at my goal already but instead I'm probably breaking even'ish.

Nevertheless I am still glad I started when I did because it has made it harder for me and in turn I have had to learn more. I have gotten rid of one of my picks,but I will save that for the coin update sometime in the coming days. My other picks have been interesting so far and I have been thoroughly impressed with the development and the wallets. Also only having a few coin picks means you get to learn the markets really well. I have been having some success trading in between buy and sell orders and buying in small amounts cheaper and selling off in patterns. This has been an interesting avenue and because you know the markets reasonably well tends to work out in your benefit especially when trying to work out when to sell your stake.

I have had one or two really tough decisions though, one involving giving up stake weight for TEK (over a months worth) to sell early as the wallet had issues but luckily I made the right decision. Becides all that I have usually opened up my wallets while having a coffee at my local and love the feeling of seeing my coins come trailing in from my accumulated stake. Now to give you all an update on the coin positions.

Hi guys,

I just wanted to say I'm sorry about my hiatus, I have had a rough few months with family illness and subsequent operations that has meant I have had to be travelling and I couldn't keep this journal updated. Good news is everything went well with family and in the meantime while being on the road my coins have giving me interest and staking well( well most of them). There's been some ups and downs with the market but I'm luckily still on the road to profit now things have stabilized. I'll be updating this thread over the next few days detailing how each of my coin picks have been doing, I managed to dodge a bullet or two here and there and had to sell off one of my coins but considering circumstances I'm happy and have been learning a ton! One thing to note is because of the bitcoin price I've decided to split my goals, my first goal is now to double my bitcoin amount in 6 months and my second goal will be to turn it into $2000 at the current market price.

Seconded. I have to confess that I'm still a sucker for shiny-object syndrome, so it's hard for me to stick to my own trading plans. I actually threw away, over several years (mostly in the penny-stock gold-exploration area) a total of six figures' worth of profits simply because I had a hard time learning to discipline myself.

Take from me as well as from tokyoghetto. If you can't stick to your trading plan, provided that you're firing on all other cylinders, you will end up throwing away some big ones. Learn from my mistakes instead of duplicating them!

And talking of swings:

I'm back down to $860 from the original $1000 (20,000 NXT @ $0.043 today). Cock.....

@Stake Challenger: DI seems to think i'm hi-jacking your thread..... my original intention was just to offer a comparison/competition to your original selection, because I thought it would be interesting for everyone.
If you don't want my input, let me know.

This will be an interesting challenge to watch.

Interesting challenge.  I'm watching this thread.

Would you be willing to make a cryptofolio of your investment?  I'd take a look each morning to see how your portfolio is doing.

Because diversification is one of the cornerstones of investment. In other words, putting all your eggs in one basket has been, and always will be, a bad idea.

like your updates !

all due respect kindly Dan - his picks are in the list there,  I like this topic and am following it can you make a Nxt topic ?  and talk about it there?

i'm not trying to troll you honestly ...its just messing up the flow of things (i had the image of the coffee shop and stuff ....)

(see i didn't call the NXT the total ponzi it is , I'm just asking to keep the subject on what the guy is talking about)

* honestly Quark is truly superior to most PoW crypto around and you don't hear me constantly rattling on in every topic about it?

Have you looked into NEM, or NXT Like EvilDave mentioned?

You can buy either with BTC real easily here: http://www.secureae.com/

NEM is worth a lot, and isn't even in beta yet, and Nxt has a crapload of inovation and media attention recently.

I also forgot to mention I have picked up around ~3500 Hyper(750% Pos interest) at a price of around 230 a few days ago. While a tiny portion of my holdings the price was right so I picked up what I could.