NEWS: Today, after attempting to go up several times, and from a low of about $6888, #Bitcoin has risen back to 8500 ish USD.
#Intro Notes:
My 10+ Day Bitcoin Journey
I'm still struggling with my Alt coin studies. But +-10 days from when I started, with no clue about #Bitcoin, I am proud to say that I have come back to where I started.
Here's how it went so far:
Jan 29 - deposited 190$ to the Binance.com Market.
Jan 30 - Beginners luck. After investing in Neo and Dash, account skyrocketed to 380$.
Jan 31 - Needed some grocery money and withdrew $55. Balance -325. Withdrawing the money was a good experience. Philippines has a lousy banking system and I thought that Im going to have to wait at least several days. But it was reflected on my coins wallet a couple of hours or so after I verified the email link sent by Binance. It was easily converted to fiat the same hour.
Feb 1 - But it was not to be as easy as that. Neo went down like a rock. I did not sell at the right time. I also had other investments that didn't go well particularly XLM, QTUM, LUN, EOS, XLM, OMG and ADA.
Feb 2 - My account hit to $270. Then I learned the function of stop loss. Yipee! I automatically calculate 1.9% earnings and put a stop loss for selling a coin when it reaches that level.
I was taught by the generation HODL and did not set a stop loss on the negative.Feb 3 - I'm struggling to know how to see everything in a glance. I was manually copying the prices I bought them for, putting it in an Excel file. It was crazy monitoring the prices. I have a very slow laptop, a relic actually and having several open tabs is freezing the laptop everytime. After much searching I discovered Cointracking.com, a very nice website that allows you to upload your csv/xls file from your market. There were others but Cointracking is perfect. It was then that I realized how really bad my accounts were.
Feb 4. I was prowling the net left and right, joining Facebook groups discussions, watched Youtube videos, then fell to Medium and from there, the underworld of the kids Discordapp and Telegram. I hardly slept, trying to absorb everything I can. I also discovered TradingView. I avoided studying how it really worked and avoided TA's (Trading Analysis) that delves too deep on the stats and readings. Instead I subscribed to people who looked like they knew what they were doing and generally listened to market talk.
Feb 5. After much HODL'ng, I finally leaned to the get out and recover faster bunch. I got rid of most of my red "bags". I became much lighter at $155. :disappointed:
Feb 6- up. During the market crash, my account dropped to as low as 120.
Feb 8 - Binance crashed and was offline for more than 24 hours. I was not able to access my account during this time.
Feb 9. Binance still wonky. But from the lowest at $126 I started recovering.
Feb 10. For a day like this, I need to rest. For the first time after Neo, my account is back in the green at $1.13.