Friday, 2 February 2018

178% gains in a month while the crypto markets crashed

Crypto markets are crashing, but click here and watch this video carefully:

Notice how there's only ONE coin in the top 100 cryptocurrencies which is green? Yup, that's mine. In fact, in between taking that video and writing this post, DGD has gone up from 25% to 40% 100% now.




How much did I make on this trade? For sake of simplicity, let's just assume I bought 5 DGD coins.

Then:

  • 1 eth = USD 660 (my buy price)
  • 1 DGD = 0.2 eth
  • Cost for 5 DGD = USD 660 
Today:
  • 1 DGD = 0.4 eth (it even went up to 0.7 eth for a short period of time but I didn't catch it) 
  • 1 eth = USD 920
  • Total for 5 DGD = 2 eth = USD 1,840
That's a 178% gain in just 2 months.

But you know what? I'm not going to cash out. In fact, I'm reinvesting it back into the crypto markets. Call me crazy if you will, but I'm buying the dip.



The entire market is bleeding but my portfolio is still green (thank god!). I would attribute it to both luck and skill - by not buying shitcoins (like Ripple *cough* read my take on XRP here and here).

Ouch.

Those who bought on 4 Jan 2018 and held till now:


4-Jan-2018
2-Feb-2018
Gain / Loss
DGD
USD 170
USD 350
+105%
XRP
USD 2.20
USD 0.78
-65%



Still think crypto is purely speculation or...luck?

P.S. This is not financial advice. In fact, I wouldn't buy DGD now since I sold today thinking it was overvalued. The ship has sailed, now onto the next coin!



With love,
Budget Babe

14 comments:

  1. It hit 0.6 Eth Binance at over US$500. It's been a crazy day. I divested a little DGD, only to plow it back into other tokens!

    ReplyDelete
    Replies
    1. It hit 0.7 eth at ATH. insane! but I was at work so no way I could have caught that anyway, shall just be happy with my gains ^^

      Delete
  2. Haha, I just posted on GMGH's blog to congratulate him and I figured I should do the same for you. Fantastic stuff on your crypto transactions and profits!=)

    ReplyDelete
    Replies
    1. he smarter, bought lower and sold even higher!

      Delete
  3. Share
    Bitcoin has been popular in Japan for quite some time. A lot of Japanese companies are now paying salaries in Bitcoin. And now, as of January 2018, Yamada Denki, one of the biggest consumer electronics chains in Japan, announced that it is going to start accepting bitcoin payments at two of its largest stores in Tokyo.

    While the payment method is still in trial, the option is going to go nationwide once everything is going smoothly with the trial. The company said:

    “We will implement initiatives to improve bitcoin recognition and usage promotion. With the introduction of bitcoin payment service, we respond to the diverse needs of our customers both in Japan and overseas. We believe that we can provide improved service and convenience.”

    Here

    ReplyDelete
    Replies
    1. Hi,

      I would quite like you to justify, "A lot of Japanese companies are now paying salaries in Bitcoin."

      A "lot" in most people's opinions, does not constitute "one or two offering the option to pay part-salaries in bitcoin".

      I also have serious doubts about the viability of a company accepting bitcoin as payments. It would be crazy. A transaction can take hours to complete and cost upwards of USD 40. During which time the price of bitcoin can vary my several percent.

      Delete
    2. I'm not bullish on Bitcoin either in the long term, but who knows, perhaps lightning network could change the fees and slowness in transaction processing time. let's see!

      Delete
  4. This comment has been removed by the author.

    ReplyDelete
    Replies
    1. "each DGD token is backed by a smaller amount of gold" --> wrong.

      DGX is the one backed by gold.

      The DGD token is the token that gives voting and ownership rights in the company developing the DGX token, Digix (or rather the DigixDAO).

      Delete
    2. Hi, my bad, I've deleted the post, don't like to clutter the internet with incorrect info. I was led astray by the website talking primarily about a gold backed token.

      Out of interest I have looked a bit further into the company.

      DGX is not even available yet.

      DGD gives (possibly) voting rights on the future direction of the company. But that is a bit of meaningless blah blah until it has been shown to work.

      It will also, provided the conditions are met, give some return from the charges levied on DGX.

      What it does not do is give ownership rights in the company. DGD was merely a means of raising development capital, in this case $5,500,000.

      This highlights the absolute lunacy that is currently going on. That USD 5.5 million somehow created a token now capitalised at $860 million, with approximately 0.0 real underlying assets and no hope of any return whatsoever, except finding the greater fool to sell to.

      Delete
  5. Congratulations on your gain!! :)
    you know.. I always told people that I’m speculating

    Save time :p

    ReplyDelete
    Replies
    1. ya some days I feel lazy and don't feel like convincing the non-believers. some days I'm too excited and i'm like, GUYS OPEN YOUR EYES. lol!

      Delete
    2. The usual, I suppose are the days that are unconvicted to explanations.

      While I reckon that the days to tell people -'OPEN YOUR EYES' are the days that these people should now understand the concept behind 'FOMO-ing' :p

      Please don't hit me in the face!

      Delete
    3. I do not have FOMO,I have FOGO.

      Fear Of Getting Out.

      Delete