Summit 3300, Day Seven - BTC Trading
I set myself a goal and made a project out of it for the last three months of the year 2020.
The project is called
Summit 3300
The goal is
To see how much I can acquire (in BTC, as much as possible) from my current and new resources, be it online or in the real world
Read the introductory post with the guidelines
BTC Trading
This is a special channel so I will simply call it
0 - BTC
Description
I dedicated an undisclosed amount of Euros to trading. With trading I don't mean automatic trades or anything fancy like professional traders are doing. No, I will occasionally sell when I see the top and buy when I feel the bottom. I won't be extra careful yet I won't rush to every change either.
To follow the outcome I will describe an initially invested amount as 100 units. This way we will be directly able to see the result in percentages.
Interval
I will trade as I see fit, see above, and report weekly. Preferably every Friday evening.
Actions
My exchange of choice is Bitstamp. My trade fee there is 0.5 %.
After the initial buy, I will sell it when the prize will be at least 0.5 % higher. And I will then sell it when the price will fall at least 0.5 % under the last buy value. And so on.
Of course, I won't catch every change of direction. On occasion, I'll find myself waiting for the right change of direction for a long time. Yet in the end, I hope, the result will be positive. We'll see how positive will it be.
Actions So Far
This is the movement of the BTC/EUR trading pair in the last few days.
My actions so far are the initial buy three days ago and a sale this afternoon.
| Date | Type | Rate | In EUR | In BTC | Result % | Change % |
|---|---|---|---|---|---|---|
| 06.10.2020 | Buy | 9078.06 € | 0 | 99.5 | -0.5 | - |
| 09.10.2020 | Sell | 9368.46 € | 102.17 | 0 | 2.17 | 2.67 |
I hope that the columns above are self-explanatory. The initial Result % is -0.5 % because of the fee. The fee is also included in the sell trade.
Index values of In BTC and In EUR will alternatively be zero depending on the type of trade.
As you can see, my first trade brought me a profit of 2.17 %. Nice.
Outcome and Status
With three trades done, the table with channels looks like follows. There is a new line in the table, the first one, which will indicate BTC trading. Since it is an index value and not an absolute number it won't be included in the total.
| Channel | Input | Income | Total BTC | Total USD |
|---|---|---|---|---|
| 0 - BTC | 100 | 102.17 | 2.17 % | - |
| A - Blurt | 388.929 Blurt | 0.00046485 BTC | 0.00046485 BTC | 4,96 USD |
| B - HBD | 119.410 HBD | 0.01044655 BTC | 0.01044655 BTC | 111,44 USD |
| Grand total | 0.01091140 BTC | 116.40 USD |
Next
In the days after my second report, I was thinking of possible channels to add to the portfolio. There is Hive, Hive-Engine assets, Scorum, altcoins that are lying around and doing nothing, ... Lots of opportunities.
There are also more exotic options like mining newly minted coins which will come out in the next days. Can you guess which coin I have in mind?
Summit 3300, history of articles
| Date | Article | Type | Channel |
|---|---|---|---|
| 04.10.2020 | Summit 3300, Day Two- Continuing With HBD | channel report | B - HBD |
| 03.10.2020 | Summit 3300, Day One - Starting with Blurt | Intro, channel report | A - Blurt |
Disclaimer
These reports show my actions and ideas. They are not to be taken as financial advice. Do your own research and make your own decisions. Of course, we can debate them and help each other.
Links marked with * are affiliate links. If you use one of them to join an offering we can both gain. Again, the decision is yours. Yet, you can trust me that I only promote what I use.
The banner image was created in Canva*.
This report was published on the @leofinance platform.
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