Ugh, I'm a stock trader so i never have to leave my house. But I started trading coins this year.
I started trading Dogecoin because it is my favorite. And I'm still up 10x on it. I started with only 2% of my portfolio I invested in Dogecoin though. But still it is monster gains and I'm not selling some until probably $1.20.
Then over the last few months I got overconfident and put 10% of my portfolio in a bunch of alt-coins I've been trading. And with version 1.0 I was breaking even through luck, but I could see the strategy had problems, and I was down some amount by the time I added in fees.
Version V1.0 I literally just looked at the names of 10 coins that I liked the names and bought with no research and then tried to trade from there
. I didn't even understand the transaction taxes at that point.
Strategy V2.0 then seemed better but it started fading until I was down to about 85% of starting amount in it.
Then strategy V3.0 I got rocked and saw the problems with it when I was down to 90% of starting in it.
Then strategy V4.0 it was kicking ass and I was excited because I made all my money back and then a lot more in these alt-coin strategies.
Now I'm down to break even again on my alt-coins strategies.
I do have a bunch of cash though in strategy V4.0, and my Cakemonster is holding up pretty well. So I am going to look for some deals, but I don't like buying too early.
On the bright side I've had a lot of fun studying BSCscan/Etherscan, reading through how coins work, following the transactions, making my own spreadsheets to track things.
Baby Doge Coin Trading | Buy in Price | | | |
| | | | |
| | | | |
Date | Open | Close** | Price Times 10 billion | Volume |
2021-08-18 | $0.000000001375 | | | $5,253,189 |
2021-08-17 | $0.000000001490 | $0.000000001375 | $13.75 | $6,048,278 |
2021-08-16 | $0.000000001573 | $0.000000001490 | $14.90 | $8,951,259 |
2021-08-15 | $0.000000001681 | $0.000000001573 | $15.73 | $9,292,720 |
2021-08-14 | $0.000000001691 | $0.000000001681 | $16.81 | $9,323,106 |
2021-08-13 | $0.000000001536 | $0.000000001691 | $16.91 | $5,164,989 |
2021-08-12 | $0.000000001615 | $0.000000001536 | $15.36 | $7,343,572 |
2021-08-11 | $0.000000001898 | $0.000000001615 | $16.15 | $15,036,419
|
I've been waiting to get into Baby Doge Coin but I felt the price was too high back when I was looking at it last month.
But with the fall its down at $5.20 now. (I multiply the price by 10 billion to get a number I can understand).
I study the liquidity, volume, locked contract wallets, burn wallet, holders, etc.. to get an estimate of value.