RawCoin RAW 137931.11434407 0 0 0.72361152 -19.0%
VaultCoin VAULT 29.40585339 0 0 1.17623414 -38.7%
Bitcoin BTC 19.68758413 0 3.26865125 22.95623538 0.0%
This is my current portfolio as is. I’ll be starting college tomorrow so I most likely won’t have a ton of time to be trading so I figured I’d let you know now where I stand.
$VIA and $RZR made me my BTC so far this month. I didn’t invest into SYScoin & august has sucked almost as bad, if not worse, than July.
KBTC
Hey everyone,
As I woke up this morning I immediately thought about making a blogpost to catch y’all up on my past month, so here I am. I’ll just quickly recap my moves over the past month, where I started at, and where I ended (including current holdings).
As I had detailed in posts prior, I resumed trading after a +/- 5 month hiatus on Jun 19th with a loan that I had been given from @EqualPumps for 2.5 BTC, to be repaid in full, plus .25 BTC interest, on the first of August. I had been doing great with various small plays in the first couple of days, but ultimately I ended up making the biggest buck off of RZR. RZR edged my way up to a portfolio value of just over 7 BTC. However, by about the 29th or 30th of June I had managed to lose about half of that (probably bought RZR) and ultimately I finished the month with about 3.1 BTC.
3.1 BTC in 10 days, not bad.
Then I woke up the next morning and realized I still had to pay 2.75 of that back. Fuck. So there I was, July 1st, .4 BTC in my wallet.
After a month, my portfolio stands as such:
| CURRENCY NAME | SYMBOL | AVAILABLE BALANCE | PENDING DEPOSIT | RESERVED | EST. BTC VALUE | % CHANGE | |
|---|---|---|---|---|---|---|---|
| RawCoin | RAW | 65000.00000000 | 0 | 35000.00000000 | 0.39700000 | -9.8% | |
| ViaCoin | VIA | 45509.02188365 | 0 | 0 | 14.57289899 | -7.3% | |
| Razor | RZR | 190.02114238 | 0 | 0 | 0.04960692 | 5.7% | |
| Bitcoin | BTC | 0.10853571 | 0 | 0 | 0.10853571 | 0.0% |
I had worked my way up to about 6 BTC by swinging $SYNC, $URO, $VOOT, and even some $RZR. I then took that 6 BTC and all-in’d on $VIA around 15-17k. Sold, rebought, sold, rebought gradually all the way up $VIA & now I’m here. On August 1st my account held nothing but 18.51 BTC.
Overall gains for August: 18.11 BTC/4628%
kingbtc
Crypto is in a sad, sad state. A state that we all knew was coming, if you’ve been around long enough, but was only a matter of time. Scammers run abundant, the market deceives itself, and any thread of trust has been absolutely demolished. It’d be very easy to sit back and blame this state entirely upon the greed of all of its incumbents, but I believe there’s more to it than that alone. There is a great disconnect in the hierarchical tiers that unite and structure our crypto market, being that of the Whales, the “Vets”, the everyday trader, and the complete newbie.
I sat down last night with a friend who was interested in investing $100 into cryptocurrencies. I started explaining to him all the technical aspects of Bitcoin first; block times, hash rate, the network, you name it. I could tell he was understanding and getting it to the extent that he would need to and so everything was groovy. Soon enough he started asking about charts and markets, as anyone who was looking to make money off of crypto would, so I took him on over to Coinigy (love your Beta) and Bitcoinwisdom. I showed him the epic runs of URO, DRK, VRC, and AUR. He was absolutely blown away at the gains they had made. He then immediately wanted to put his $100 of BTC (.161) of BTC into something more than that. “Shut up and take my money.”
Our next step of the journey was setting him up with a Bittrex account, 2FA, sent him his BTC, and he was on his way. He instantly asked me what he should invest in – now granted, I am his friend and it was expected for him to ask me for advice, but it revealed to me the first thing that’s wrong with crypto today: nobody wants to be responsible for his or her actions. If you’re looking to buy a coin and take the advice from someone on Twitter, that is your choice, not theirs. If you lose money from taking their advice, it is your loss, not theirs. If you mine a coin at someone’s advice and the dev forks the coin and abandons, you are left with a worthless coin, not them. I could go on and on with examples but I won’t.
I told him about VIA and how I liked what they were doing with the clearinghouse. He didn’t bother to look it up, didn’t bother to read a single word about it, didn’t even take a gander at their website or the founder’s twitter. He instantly goes and market buys .16 BTC worth at .00023000. Reminded me of a lot of you guys panic buying off of tweets from @CryptoCobain.
I then took a look at my whole crypto experience up to my current point as a whole. All those tweets I’ve sent out, all the trades I had made, and all the people on the losing end of those trades. Crypto is not just my little weird thing, it’s our little weird thing, and while a market trade can’t have two winners, it’d be a hell of a lot better if someone was taking profits and at the same time giving future profits to the next guy, which can happen in a normal market, just not here in cryptoworld(tm). Now while that sounds like a Utopian market, it made me think quite a bit about the possibilities.
First thing I came to was the exact opposite of an Utopian market. I thought of the downtrends, the baghodling, the false hopes, the depleted trust, the complete and utter lack of a compliant company/developer whose only goal isn’t profit. Oh shit.
That’s us.
An unregulated market brings challenges that we have had to constantly overcome throughout most of our journeys thus far. However, we’ve almost hit the point of no return as far as trust-in-the-market goes. There’s a storm of ten or more shitcoins a day, half of which will get added to our most popular exchange ,since the fall of Mintpal, Bittrex. Yet, why, when I go to the front page of Bitrrex, do I see four legitimate coins that I might consider investing in. That is four out of fifteen coins that I have any remote source of faith in. The rest? None. One can’t help but ask if regulation could and would help us here, but centralization is the exact opposite thing we are striving for. It is our responsibility both morally and indirectly legally, as in there is no Big Brother to do this for us, to fix the path we are going down and steer it back on course.
I thought some more about how we could even begin to fix this.
First, I would like to ask Bittrex to let a group of people (I’d volunteer myself) to evaluate potential adds before adding them; most of the time it is very easy to tell which coins are about their business and which aren’t. While it’s not entirely predictable which coin’s devs may die in a fiery automobile accident, it’s pretty easy to weed out the shitcoins which will provide something fun to trade and which will outright steal our money. This month alone I’ve probably lost 5 BTC+ just learning the very traps that are shitcoins. While I’ve made back the same off of other shitcoins, it just felt wrong having to abandon that much of profit because someone else wanted to fuck someone else over. I’m not the person they’re even trying to fuck over! At least take me to dinner first.
Secondly, I’d like the community to get together on a single project and work together to accomplish goals as a unit. I’m not asking everybody to get included, as I know I can’t make anyone do anything, but we have tons and tons of talent in this community, Twitter-based specifically, and I think it would be absolutely incredible if we all took our talents and worked towards a single project and goal. This would not be asking anyone to abandon what they are currently doing, or plan to be doing, this is a as-available donation of your time for the greater good of Crypto. I have a very detailed plan including revolutionizing concepts on how to drawback the negative consequences of our current market and even limit the humanistic nature of greed to an extent, but that will come at a later time and date assuming I can pull this basic foundation together first. I have created a poll below to take responses.
Finally, I’d like to ask Bryce Weiner to show us what’s good under the hood of RZR. All of our shoulders are getting sore. 🙂
Thanks everyone,
KingBTC
Not much has happened in the past couple of days, I took my BTC and heavily invest in RZR in the 70-120k SAT range; now it’s time to sit on that. Meanwhile I’m looking forward to managing the funds of beacryptowhale.com in July. If you haven’t checked the site out, I would. It’s a good opportunity to make some cash without having to trade and most of all I get to keep a small cut so it helps me as well :). In the next several days I’ll probably be in some form of alts (it’s just been too slow recently to really play anything) so I’ll be sure to keep y’all posted on Twitter, IRC, and hopefully here (if I remember)!
KingBTC
Don’t feel like writing a post so here’s my trade logs
First buy of today is below
| 06/20/2014 09:41:55 AM | BTC-BURN | Buy | 0.00022123 | 1500.00000000 | 1500.00000000 | 0.00022123 | 0.33267461 |
| Yesterday | |||||||
| 06/20/2014 01:00:08 AM | BTC-RZR | Buy Partial | 0.00119000 | 583.49970807 | 655.00000000 | 0.00118527 | 0.69333845 |
| 06/20/2014 12:37:44 AM | BTC-RZR | Sell Partial | 0.00092001 | 244.49357244 | 430.00000000 | 0.00096720 | 0.23588334 |
| 06/19/2014 10:36:17 PM | BTC-VOOT | Sell | 0.00001700 | 50000.00000000 | 50000.00000000 | 0.00001700 | 0.84787500 |
| 06/19/2014 10:26:35 PM | BTC-RZR | Buy | 0.00072599 | 800.00000000 | 800.00000000 | 0.00072509 | 0.58152904 |
| 06/19/2014 08:43:14 PM | BTC-KORE | Sell | 0.00018888 | 239.94911633 | 239.94911633 | 0.00018887 | 0.04520828 |
| 06/19/2014 05:01:06 PM | BTC-VOOT | Buy | 0.00000805 | 16000.00000000 | 16000.00000000 | 0.00000805 | 0.12912199 |
| 06/19/2014 03:58:06 PM | BTC-VOOT | Buy | 0.00000710 | 34000.00000000 | 34000.00000000 | 0.00000710 | 0.24200350 |
Total BTC: 4.XX
Well I started my first day of trading yesterday with 2.5 BTC thanks to a loan from @EqualPumps of twitter. I ultimately ended the day with just over 20% at 3.06 BTC. It’s pretty frustrating for me to not only be trading with so little capital, but also capital that is not mine to begin with. This is forcing me to greatly diversify all my purchases, splitting buys into .2s and .3s.
I began with 1 BTC on MintPal and I only played Crypt waves and ended with 1.11. Nothing much more than that here.
Bittrex was a little more interesting for me, played a multitude of coins across the board. BCH, KORE, VOOT, XSI, and Super. If you follow me on Twitter (@KingBTC) you already know when and where I made these trades so I’ll just save us both time and list my best and worst trades of the day.
Best: Both of which I’m still holding
| 06/18/2014 04:18:39 PM | BTC-XSI | Buy Partial | 0.00002000 | 14497.48743719 | 15000.00000000 | 0.00001999 | 0.29067461 |
| 06/18/2014 03:03:06 PM | BTC-KORE | Buy | 0.00013551 | 4000.00000000 | 4000.00000000 | 0.00013550 | 0.54339508 |
Worst:
| 06/18/2014 02:34:14 PM | BTC-SUPER | Sell | 0.00004199 | 4955.38438241 | 4955.38438241 | 0.00004198 | 0.20755640 |
| 06/18/2014 02:29:58 PM | BTC-SUPER | Sell Partial | 0.00004209 | 459.96697494 | 5415.35135735 | 0.00004208 | 0.01931160 |
| 06/18/2014 01:45:34 PM | BTC-SUPER | Buy Partial | 0.00003525 | 812.12851659 | 10000.00000000 | 0.00003524 | 0.02869909 |
Overall, ’twas a good day.
King
Well, I’m back.
Going to try wordpress out and see if I can make a blog to help y’all follow my journey again, just this time I won’t be making fun of each and everyone of you via Twitter (maybe). I’ll probably start with 1/5/10 Bitcoins depending on how quickly I can pick back up on the swing of things/accustom myself to all the changes that have happened in the past 5 months since I left. I’ll be making weekly, possibly every few days, posts on what I’m looking into, what I’ve bought, and how I’ve progressed in my trading.
Looking forward towards it,
KBTC
KingBTC: Captain's Log 