Over the weekend Bitcoin has gone ballistic blasting everything and setting it all time high (ATH) of $4335 (on bittrex). Late yesterday it hit $71B market cap to surpass Paypal $70B marketcap according to Coindesk report. Bitcoin is set for the moon right now.
Btcnews
ARTBYTE PAID OFF
Artbyte is a coin supporting artists of any kind, I love the concept and bought $600 worth of Artbyte before the last Segwit bloodbath. Generally I wanted to hold for long term but I just realized newer coins are making older coins a bit obsolete. Artbyte did a 287% rise during the weekend, the artbyte dev team announced implementing Segwit on it blockchain. There were speculations among traders and artbyte price spiked 287%, my $600 was initially worth lower. I sold off and got $1745, not bad a trade. At the time of writing artbyte is up again by 27% according to figures on coinmarketcap.
Coinmarketcap
NEO DID IT
Neo (former Antshare) is the first Chinese cryptocurrency, it offers smart contract like Ethereum. I sold off my Neo during the last pump, Neo did x3 just within 7days.
Coinmarketcap
Rising from $18.34 on the 9th August to hit $56 on 13th August. I invest $1700 from my artbyte profit and bought Neo at $21.45 on bittrex. Neo rose to $55 to double my capital. I sold off at $54.
Neo has enormous potentials like ethereum and will hit 3 digits hopefully this year when ICOs fuss start coming on Neo like what we saw with Ethereum. But with such pump within 7days I think the price will correct someone around $35-40 before another pump. It still hovering around $45-46 sell walls on bittrex and binance exchange right now. I will buy back in the dip hopefully.
Bytom (btm)and District0x dnt have me now
Three things i have learnt in trading this few days are
Cut loses and trade on
Don't hold on to any coin for too long, newer coins are making older coins obsolete at least for now. Sell off docile coins and trade the profiting ones, you can always buy back the coins you sold off and sometimes even more of those coins back. This is for short term traders and it's my opinion anyway.
Buy anything the Chinese are buying, Chinese can turn any coin into gold. You remember dogecoin right.
Bytom BMT is a Chinese coin, an interactive protocol of multiple byte assets. It got on exchanges last week and is only traded on Binance.com and bter.com. Sitting at number 37 on coinmarketcap and priced for $0.33 from $0.14 yesterday. The Chinese are scooping it right now, when this coin get on any major exchange it will moon.
I have invested my artbyte and Neo profits into Bytom BMT, District0x DNT and Gas. It been a thrilling 2weeks in my day trading experience, I hope the sun keep shining on my face.
Disclaimer : This is not a trading advice but my own opinion and experience, always do your own research (DYOR) and follow your intuitions.