BitcoinBaby Day 18 - " I Sold all my Crypto Part 2"

BitcoinBaby Day 18 - " I Sold all my Crypto Part 2"


Am I having a Déjà vu

No you don´t, this is just part 2 your mind is playing tricks on you.

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Last week I did Part One of this series, where I explained that:
I am a true "Disciple of the Weekend Dip"...well mainly the Sunday/Monday dip.

And then sold all my crypto to proof my point. Some people called me bold, some called me stupid, some started talking about taxes.
For this last group:

  1. This is an experiment, not a strategy

  2. The net worth of my wallet is below 300 Euro...so I can assure you Big Brother does not care what Bitcoin Baby is doing.

An then there is a 4th group, the nifty ones. The ones that know that an experiment is fine, but to proof a rule the sample you take must be >1 (don´t go all lean 6 sigma on me regarding sample sizes).

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Therefore I plan to do it at least 3 times.
Last time I made 8.96 on a 212 Euro portfolio that is 4% profit.
So I will jump in, no hindsight, Just Do It!

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Did I get lucky last time? Can I remain being a true disciple?

Just like last week I sold against market price on Saturday. Once I sold everything I put in a buy order for each of the 10 cryptos against the lowest price from the previous week (not counting Monday as that is the day I bought the Dip of course).

Which for most coins was on Thursday the 29th of April.

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Now let´s see what happened

On Sunday morning I already bought back....absolutely Nothing.

On Monday.....I bought back 1 crypto and got worried, as it seemed that there was absolutely NO Weekend Dip. I only bought back my PUNDIX.

PUNDIX PUNDIX Sold for 18.29.
Bought back on Monday paying 17.04. Profit 1.25

In Europe Monday went, and Tuesday came, still no dip in sight at midnight. But thank the Crypto Gods for timezone´s, because before it was Tuesday all over the world the Dip happened.

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It happened at Tuesday Morning (4th of May) 03:00 CET and of course I was sleeping. Day traders don´t sleep, but I am a baby I need my naps.

The dip wasn´t deep enough for most coins to hit the previous weeks low, but it did for CHZ, MANA and RSR.

Chiliz CHZ Sold for 33.68.
Bought back on Monday paying 30.91. Profit 2.77.

Decentraland MANA Sold for 24.87.
Bought back on Monday paying 23.54. Profit 1.33.

Reserve Rights RSR Sold for 9.88.
Bought back on Monday paying 9.24. Profit 0,64.

The other coins I bought back when I woke up, hoping to still make some profit.

Verge XVG Sold for 9.25.
Bought back on Monday paying 8.80. Profit 0,45.

Basic Attention Token BAT Sold for 47.74.
Bought back on Monday paying 47.46. Profit 0,28.

Ontology Gas ONG Sold for 12.99.
Bought back on Monday paying 12.78. Profit 0,21.

So that made 7/10 Crypto´s bought back with profit

But what happened to the rest?

VeChain Thor VET Sold for 70.70.
Bought back on Monday paying 72.90. Loss 2.20

Numeraire NMR Sold for 18.45.
Bought back on Monday paying 18.94. Loss 0,49.

Cardano ADA Sold for 33.07.
Bought back on Monday paying 33.10. Loss 0,03.

Bottom Line

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I made 4.21 profit on a 280 Euro portfolio that is 1,4%.

The worst part is that I knew on Tuesday morning, that the dip would dip further in the afternoon, and it dipped.

But as I do not have a Crystal ball and I wanted to stay within the latest Monday timezone I ended up with profit again.

Now I hear you thinking: "That could just have been luck, again."

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So I will the same insane thing once more next week!
But with a twist.This time I will allow myself 24 additional hours as that would have saved me 5 bucks this week.

P.S.

For those who know me ....I am on 2 exchanges & I only sold all my crypto on the minor exchange. So I did not go All Out

 

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𝙄𝙛 𝙮𝙤𝙪 𝙚𝙣𝙟𝙤𝙮𝙚𝙙 𝙩𝙝𝙚 𝘼𝙧𝙩𝙞𝙘𝙡𝙚 𝙥𝙡𝙚𝙖𝙨𝙚 𝙝𝙞𝙩 𝙩𝙝𝙚 𝙡𝙞𝙠𝙚 𝙗𝙪𝙩𝙩𝙤𝙣, 𝙙𝙤𝙣´𝙩 𝙨𝙢𝙖𝙨𝙝 𝙞𝙩 𝙡𝙞𝙠𝙚 𝙄 𝙨𝙪𝙜𝙜𝙚𝙨𝙩𝙚𝙙 𝙡𝙖𝙨𝙩 𝙩𝙞𝙢𝙚 𝙄 𝙖𝙢 𝙨𝙩𝙞𝙡𝙡 𝙥𝙖𝙮𝙞𝙣𝙜 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙗𝙧𝙤𝙠𝙚𝙣 𝙨𝙘𝙧𝙚𝙚𝙣𝙨.

 
 
Last week on BitcoinBaby:

Bitcoin Baby - Day 17 "I sold All My Crypto!"

 

More from BitcoinBaby:

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BitcoinBaby
BitcoinBaby

Little kids keep asking why.....as a Noob in the Big Bad Bitcoin world the same is happening to me as I try to figure how to survive. My Posts will take you through all the things happening in my mind since I got on the BTC Rocket into Crypto Universe


BitCoin Baby -  "Crypto is Fun"
BitCoin Baby - "Crypto is Fun"

I was given 3 Golden Rules by the friend that I referred to before , the one that got me hooked on the crypto. I wrote about two already: 1. Not your Keys Not your Coins 2. No Panic Sells Day 3 Rule number three Crypto is Fun. This will be the basis for many nice stories.

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