DELTA - Making Money with the Bitcoin Money Machine
200% Growth in 10 weeks by using the energy of the CCoins
Over the years I've been a very strong believer in the Bible philosophy "To everything there is a season, and a time to every purpose under the heaven:"
"There is a time to plant and a time to harvest what you planted".
The successful farmer knows this and uses this principle to run his farm.
I decided to test the season-like cycles of the CCoins to plant when they are hot and to harvest and plant a different 'crop' when they are not.
How did I start? On October 27th 2017 I opened an account with https://coinsquare.io, a leading Canadian cryptocurrency exchange. I funded the account with a quick and easy eTransfer of $100, (95$ after fees), and bought Bitcoin. Here's my first screen shot.
Being inquisitive by nature - I decided to tinker with moving between the top coins as they moved up and down. I love the wide swings, there is so much potential there for some very significant gains, (or losses too if not actively monitored).
So as the Bitcoin holdings grew in value I spun off some of the growth into Ethereum and then into Bitcoin Cash. This week I added DASH with some of the growth.
The beauty of these 4 coins is that they normally do not all move in unison, that is, when Bitcoin is selling off then another coin is probably going up. This diversification helps smooth out the swings as the total value trends upward.
How is this experiment working?
The original 95$ has grown to over 200$. It has more than DOUBLED in value in just over 10 weeks - NOT TOOO BAD!
Here is the same account this afternoon, Wednesday, the 10th of January - with no additional funds added.
The Delta Engine - From time to time I look at how each coin is performing, crunch the numbers, and come up with a 'target' that each coin should be of the total mix.
For example, currently my Target Mix is Bitcoin 10%, Ethereum 47%, Bitcoin Cash 26% and DASH 16%. (yes, I know it doesn't add up to 100% but close enough).
When a coin is dropping in value, it naturally decreases as a % of the total mix. Likewise, when a coin is climbing in value, it naturally increases as a % of the total mix.
When the actual mix gets too far out of line with target then I make manual sells and buys to bring the mix closer to the Target Mix.
I'll post updates from time to time for the target Mix and the total Value at that date.
DISCLAIMER: I started with $100 and have not added any more money [yet] to keep my losses to a minimum as I 'play'. I am thinking of doubling up to accelerate the excitement.
Not intended as investment, financial, or trading advice. This is me chatting about what I see and what I am doing.
CAUTION: I learned many years ago, (and re-learn with each exciting new 'eureka' moment), not to confuse BEGINNER'S LUCK with awesome genius.
