The $1000 Stake Challenge! - page 3.

Stake Challenger!

newbie

Activity: 45

Merit: 0

Quote from: EvilDave on July 20, 2014, 06:36:28 PM

I got the 21,000 NXT/$1000 just a couple of days before I saw this thread, and (as I'm a foaming at the mouth NXT advocate), I thought it'd be interesting/cool to see how NXT performs against your portfolio.

So, today, I'm probably in the lead, but last week I was also down to $902.....ups and downs.

Ah great! Yeah I know, Can go 20%+ swings in a day either way.

EvilDave

hero member

Activity: 854

Merit: 1001

I got the 21,000 NXT/$1000 just a couple of days before I saw this thread, and (as I'm a foaming at the mouth NXT advocate), I thought it'd be interesting/cool to see how NXT performs against your portfolio.

So, today, I'm probably in the lead, but last week I was also down to $902.....ups and downs.

Stake Challenger!

newbie

Activity: 45

Merit: 0

Quote from: EvilDave on July 20, 2014, 01:42:17 PM

And how are my 20,000 NXT doing?
Happily, having a little uptrend recently (ahem Grin

) and each one of the little darlings is now worth 5.173 dollarcents,
according to www.coinmarketcap.com

This gives me: $0.05173 x 20,000 = $1034.6.
Sweet, 3.4% profit from my start point, and a lot better than last week.

@OP: whats the current dollar value on your portfolio?

Im not sure to bit honest as my coins are in my wallet, at a guess down a bit at the moment, around $900 maybe but I wont know forsure until the end of the month. I'll aim at a monthly report on my total portfolio Smiley. Did you buy the NXT in your portfolio or are you just estimating as if you had them?

EvilDave

hero member

Activity: 854

Merit: 1001

And how are my 20,000 NXT doing?
Happily, having a little uptrend recently (ahem Grin

) and each one of the little darlings is now worth 5.173 dollarcents,
according to www.coinmarketcap.com

This gives me: $0.05173 x 20,000 = $1034.6.
Sweet, 3.4% profit from my start point, and a lot better than last week.

@OP: whats the current dollar value on your portfolio?

Stake Challenger!

newbie

Activity: 45

Merit: 0

Update 2.

I've received my first stake! I was just quietly sitting at a cafe and my Hobo nickels decided to start coming through. I was pleasantly surprised my total first stake equaled 132.837 HBN. A nice thought as it was enough to pay for my sandwich and coffee I just ordered. I have decided to compound this stake for now. The markets still a good time to buy in so I think I'm going to wait before selling my stake for coffee( although I look forward to the day

), I'm only roughly in my first week out of 6 months! I have just now loaded up my GRW wallet and as I type its just started staking as well.

I have to admit its quite addicting receiving stake I'm already working out when my next coins are due. The best part is that my 132.837 HBN that I just got will also stake giving me compound interest. The market is still in a downtrend, I've been tempted to increase my positions but have decided to wait and potentially invest in some other coins I've been researching. I don't want to get my money tied up in day trading as this trading journal is supposed to be about long term stable returns. Anyway thats it for now I'll keep you updated.

Thanks for reading:)

EvilDave

hero member

Activity: 854

Merit: 1001

Heres the update on my 20,000 NXT...current market price is $0.0451 (from coinmarketcap), so my $1000 is now $902. Ooopps..... Cry

Still, we've got some serious developments coming up with NXT in the next week, so I think I'll hodl for a while longer.

Stake Challenger!

newbie

Activity: 45

Merit: 0

First update!

Well not too much to report but all my coins have been stored away to gain some pretty little stake for me

I've worked out I should probably get my first stake of Hobonickels sometime between now and the 19th. So less than a week away!

I'm happy with my picks so far, this is not a get rich quick trading plan, its all about consistent and safe gains hence the modest target. While there's been nice dips and highs in the market I've stopped myself trading on them and I put my coins away to gain stake age as soon as I could. It will be nice to see how this staking investment works in practice instead of on paper.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: Brilliantrocket on July 09, 2014, 10:36:42 PM

Sigh. Why gamble when you can have real value. Keep your BTC folks.

because you are on the wrong forum to say that you need to be on CNN where people either don't know or don't care that Bitcoin is totally price manipulated by a mining monopoly.

so how can anyone find "value" in a screwed with "market" ?

sorry for disagreeing but that looks like buying in at the top of a manipulated market to me mate.

Jamesco

full member

Activity: 238

Merit: 100

Nice portfolio, all your coins are over 100% stake interest per year so that is going to help out immensely with your goal of 100% in 6 months, I like your reasoning on your picks as well. Look forward to hearing more from you. Goodluck!

Stake Challenger!

newbie

Activity: 45

Merit: 0

For record keeping sake.

CAP bought roughly at ~ 2850 sats
11250 coins

GRW bought roughly at ~ 115
70000 coins

HBN bought roughly at ~ 7400
6500 coins

TEK bought roughly at ~3250
1250 coins

Trades were above and below prices but these are what they average out to be and were a mix of market and private sales. I went slightly over my TEK budget but only by a minor amount.

First trade:
Sold ~1GRW@ 176.

153% profit on first trade, you read it first here! Amazing profit levels without even staking!

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Interesting discussion taking place already. I like what rugrats had to add to the discussion. Some great advice. Now only if we can get rugrats to share some of those coins worth investing in. Wink

I tend to agree don't leave your coins in on alt coin you haven't done your due diligence on and even then proceed with caution. Best to check out the old charts of a coin and get a good idea of where the coin is going and what a good price point to buy/sell would be. There is alot of risk in the alt market and to learn but I think also alot of potential profit for the smart traders.

Brilliantrocket

hero member

Activity: 826

Merit: 500

Sigh. Why gamble when you can have real value. Keep your BTC folks.

rugrats

sr. member

Activity: 700

Merit: 250

Vave.com - Crypto Casino

EvilDave

hero member

Activity: 854

Merit: 1001

Quote from: digitalindustry on July 09, 2014, 08:28:44 AM

Quote from: From Above on July 09, 2014, 06:22:18 AM

Stake Challenger wait, u said u wanna double ur investment or do u wanna half it?

ur above shitcoin selection look like stake halving process

~CfA~

just waiting for the IPO scam advice....321....

BUY EvilCoin...its da best.
EvilCoin 2 da mooonn......coming to a scam thread near you very soon.

EvilDave

hero member

Activity: 854

Merit: 1001

Just for a laugh, and for a bit of sneaky NXT promotion.....I've just got my dirty little paws on another $1000 worth of NXT.
This translates to slightly over 21.000 NXT, but I'll call it an even 20,000, just to give the OP a little head start.....

Lets see where we all are in 6 months time. Cool

Oh, yeah. Keep some BTC, whatever else ya do. BTC is gonna be a good bet for a long time to come ,and like tokyoghetto sez...trading back and forth on the dips is a good way to maximise your profits.

I'm not going to trade my 20,000 NXT, though, just let it sit and grow fat........

Anyone else want to play?

tokyoghetto

legendary

Activity: 1232

Merit: 1000

nice portfolio. You should keep some of your bankroll in BTC just in case you get a nice dip in any of your positions. That way you can average down and build up a bigger core position. Stake and compound, trade in and out of your core position. Never go all in and all out, unless it is a part of your trading plan.

STICK TO YOUR TRADING PLAN!

It should help negate the greed/fear factor that 99% of traders/investors experience, which results in losses.

Don't forget to encrypt/backup your wallet and keep the blockchain going. Best of luck!

tokyoghetto

Karn

sr. member

Activity: 434

Merit: 250

"The mass of men lead lives of quiet desperation."

I'll keep an eye on your progress, with luck I'll learn a thing or 2

schnötzel

legendary

Activity: 1316

Merit: 1041

Bitcoin is a bit**

Quote from: From Above on July 09, 2014, 06:22:18 AM

Stake Challenger wait, u said u wanna double ur investment or do u wanna half it?

ur above shitcoin selection look like stake halving process

~CfA~

First time i agree wit you. I won´t say shitcoins but i can´t believe these coins will rise (again)

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Quote from: From Above on July 09, 2014, 06:22:18 AM

Stake Challenger wait, u said u wanna double ur investment or do u wanna half it?

ur above shitcoin selection look like stake halving process

~CfA~

Seems like he put a fair bit of time and thought into those picks maybe you could give more of a reason why you feel they are poor picks? the more discussion the better I say. I'm not very familiar with these coins so I'll have to look into them and wait and see.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: From Above on July 09, 2014, 06:22:18 AM

Stake Challenger wait, u said u wanna double ur investment or do u wanna half it?

ur above shitcoin selection look like stake halving process

~CfA~

just waiting for the IPO scam advice....321....

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