HBN Investment Journal - 2% returns every ten days - 90,000+ HBN Porfolio

[tokyoghetto]

Alright fellow HBN Journal readers, here is the end of the month wrap up for May.

May:

PoS coins mined: 5732.45959 HBN
Orphans: stopped counting
Biggest PoS block: 210.813407 HBN

Year Total:

PoS coins mined: 26145.042639 HBN
Orphans: no clue
Biggest PoS block: 874.411018 HBN

Account Size:

93641.936748 HBN

Recap:

So for the month of May, I actually mined less coins then I did in April. I had set a goal to grow my account to 100,000 HBN, But I sold 8000 HBN to raise capital for two coins I wanted to invest in. This is the reason why I staked less coins for the month of May, but I am still above the 90000 HBN mark and on track to hitting my 100,000 HBN goal. One neat feature on Cryptsy is being able to pull up reports. I was able to run my spreadsheet and see that I sold exactly 8000 HBN in May, plus fees which I don't really count at this point.

PHS:

I had a small position in PHS. The PHS community decided to make the coin 100% PoS. Since I know that there would no more PoW mining, I decided to buy up big chunks of PHS so that I could PoS mine the coin and grow that account. I have faith in Palmdetriot and the entire PHS community. I have confidence that I made the right decision by investing in this coin. It pays out a nice annual interest rate of 50%.

CAP:

CAP is another coin that has been around for quite some time. It hasn't been under any serious development up until now. The lead HBN developer, Tranz, decided to have a go at updating CAP and injecting some new life into the coin. The best part about this PoW/PoS hybrid, was the decision to hard fork the coin and increase the PoS interest to 200% annually. I was lucky enough to purchase some CAP at low prices and the market agreed with me. With Tranz's and communities involvement, along with increase in annual stake, this coin is poised to take off.

It hasn't even been forked yet, as development on the new client is continuing, but CAP has already seen explosive growth. I expect more on this coin as we get closer to the final release of the new client and the hard fork.

HBN Downtrend:

You guys may have noticed that HBN has been on a downtrend for the month of May. HBN along with most coins, have been dropping in price due to Bitcoin rallying. This is nothing to worried about. Its expected that if BTC goes down, alts go up. The reverse is also true. Altcoins experience massive price swings, so one should be prepared for times like this. Its always good to have some BTC reserved for when the downtrend comes, start buying up and adding to your core-position. I cannot advise as to when and how much, use your best judgement and only risk what you can afford to lose. When I feel comfortable I may start buying back some HBN. As always, I will report these purchases in this thread.

Final thought

This journal is getting to the 6 month mark. Its kept me check with my investment and I certainly hope that my readers have learned something as well. I always said that I would keep my journal unmoderated in order to ensure 100% transparency. As many of you are aware now, I had a falling out with Hyperfuture. If you go three posts above you can see that members of the Hyper community are making attacks against me in my HBN Journal. I would hate to close this journal down but if this continues then I will have no other choice.

I have been around long enough for people to know that I am not a scammer. I have spent alot of time building up my reputation and the only ones attacking me are members of the hyper community. They claim I have no trust rating, but really how often do people ever leave positive trust ratings, even after promising too. I have done multiple BTC trades with people. I have been requested to do escrow on many occasions and I have also been responsible for collecting and paying bounties.

Life goes on, like it always does. I have an amazing life both in and out of the altcoin scene and I will not let a few bad apples spoil it for me.

tokyoghetto

[mighty jol]

tokyoghetto your accounts are getting so big you're reaching what i personnaly consider a point where your btc pos/pow/trades are yielding as much as a job would. Are you afraid of how you are going to be able to liquid all of this positions?

I am also wondering what kind of miners you are renting, seems like they work really well too.

good job, keep it like this for the next month

[tokyoghetto]

tokyoghetto your accounts are getting so big you're reaching what i personnaly consider a point where your btc pos/pow/trades are yielding as much as a job would. Are you afraid of how you are going to be able to liquid all of this positions?

I am also wondering what kind of miners you are renting, seems like they work really well too.

good job, keep it like this for the next month

Exiting an entire position could prove to be troublesome, depending on the circumstance. If I were to sell my entire position on HBN today at market, I would crush the price and hurt the possible returns I could get. This is why the trade plan I developed for HBN and for most high interest PoS coins is to sell small chunks regularly. I feel like its the duty of larger holders to sell periodically and spread out the coins. Coins will never gain real value if its only in the hands of a few people.

If I can PoS mine 5000+ HBN and I spread out the 5000 HBN sales over 30 days, I can sell those 5000 HBN with minimal impact to the price. The trade plan cancels out the greed that most people get when they compound too much, and end up with a position so big that it becomes difficult to manage. However, as time goes by and these coins develop more liquidity the price may drop but the trade sizes will increase, allowing bigger traders to enter/exit with out moving the price too much.

As for my miners, I just rent from leaserig.net. I do a bit of quick math on the profit/risk and if I can squeeze out a profit, I get myself some rigs and mine away.

Thanks, I really hope June is a big month for me.

tokyoghetto

[presstab]

tokyoghetto your accounts are getting so big you're reaching what i personnaly consider a point where your btc pos/pow/trades are yielding as much as a job would. Are you afraid of how you are going to be able to liquid all of this positions?

I am also wondering what kind of miners you are renting, seems like they work really well too.

good job, keep it like this for the next month

Exiting an entire position could prove to be troublesome, depending on the circumstance. If I were to sell my entire position on HBN today at market, I would crush the price and hurt the possible returns I could get. This is why the trade plan I developed for HBN and for most high interest PoS coins is to sell small chunks regularly. I feel like its the duty of larger holders to sell periodically and spread out the coins. Coins will never gain real value if its only in the hands of a few people.

If I can PoS mine 5000+ HBN and I spread out the 5000 HBN sales over 30 days, I can sell those 5000 HBN with minimal impact to the price. The trade plan cancels out the greed that most people get when they compound too much, and end up with a position so big that it becomes difficult to manage. However, as time goes by and these coins develop more liquidity the price may drop but the trade sizes will increase, allowing bigger traders to enter/exit with out moving the price too much.

As for my miners, I just rent from leaserig.net. I do a bit of quick math on the profit/risk and if I can squeeze out a profit, I get myself some rigs and mine away.

Thanks, I really hope June is a big month for me.

tokyoghetto

I think a lot of people don't realize that you don't have to fire sell your way out of coin positions. For example most institutional players will spread their buys/sells of financial assets over weeks and months, it makes very little sense to attempt to do it all within a few minutes if you hold such a large share of the float.

[tokyoghetto]

This morning I sold 3600 HBN. Wanted the BTC to buy some more Romancoin. Romancoin is stupid cheap right now on Bittrex and it has a competent dev. Pays out 30% annually and its now 100% PoS.

[tokyoghetto]

Thanks Presstab. You are correct. You need to have a plan to deal with liquidity issues in coins like HBN. It takes time and patience to exit large positions.

A panic fire sale is a rookie mistake and I would advise people against doing such foolishness.

Plan your trade, trade your plan.

[armin22]

Thanks Presstab. You are correct. You need to have a plan to deal with liquidity issues in coins like HBN. It takes time and patience to exit large positions.

A panic fire sale is a rookie mistake and I would advise people against doing such foolishness.

Plan your trade, trade your plan.

Lucky you tokyoghetto 6X increase in ROM and going up! Just wanted to post here aswell as BCTalk's "watch" function seems to be useless.

[Digi7ech]

I looked at leaserig.net
Seems like it's an easy way to lose btc. I suppose if you mined a coin with PoS interest like HBN, you could in the long run recoup that lost btc.

How are you figuring a profit from them? By speculating new coin mining turns into value later?

I'm about to buy a Gridseed blade to replace my GPU farm. Seems like a decent site to sell my hashpower and make more than if I were hashing myself.

[tokyoghetto]

I looked at leaserig.net
Seems like it's an easy way to lose btc. I suppose if you mined a coin with PoS interest like HBN, you could in the long run recoup that lost btc.

How are you figuring a profit from them? By speculating new coin mining turns into value later?

I'm about to buy a Gridseed blade to replace my GPU farm. Seems like a decent site to sell my hashpower and make more than if I were hashing myself.

Yes you are correct. I only rent rigs on new releases. I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.

Tying that in with rentals, I am doing the same with CLOAK. I looked at different variables and compared them to competing coins like DRK. I was confident enough to rent 330mhash worth of heavy artillery and aim it at CLOAK. Based on the current Bittrex price, I am already in profit, but I expect higher prices, as the concept of CLOAK seems viable.

I was lucky enough to avoid VOOT, which reeked of scam the second I started my valuation. Reminded me of Artos and the Stablecoin pump scam.

Its been awhile since I have PoW mined HBN, or used the multipool. I don't have any mining hardware running and PoS mining is the most cost effective way for me to get more HBN.

[armin22]

CLOAK is a relaunch, why did it die in the first place?

I looked at leaserig.net
Seems like it's an easy way to lose btc. I suppose if you mined a coin with PoS interest like HBN, you could in the long run recoup that lost btc.

How are you figuring a profit from them? By speculating new coin mining turns into value later?

I'm about to buy a Gridseed blade to replace my GPU farm. Seems like a decent site to sell my hashpower and make more than if I were hashing myself.

Yes you are correct. I only rent rigs on new releases. I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.

Tying that in with rentals, I am doing the same with CLOAK. I looked at different variables and compared them to competing coins like DRK. I was confident enough to rent 330mhash worth of heavy artillery and aim it at CLOAK. Based on the current Bittrex price, I am already in profit, but I expect higher prices, as the concept of CLOAK seems viable.

I was lucky enough to avoid VOOT, which reeked of scam the second I started my valuation. Reminded me of Artos and the Stablecoin pump scam.

Its been awhile since I have PoW mined HBN, or used the multipool. I don't have any mining hardware running and PoS mining is the most cost effective way for me to get more HBN.

[tokyoghetto]

CLOAK is a relaunch, why did it die in the first place?

I looked at leaserig.net
Seems like it's an easy way to lose btc. I suppose if you mined a coin with PoS interest like HBN, you could in the long run recoup that lost btc.

How are you figuring a profit from them? By speculating new coin mining turns into value later?

I'm about to buy a Gridseed blade to replace my GPU farm. Seems like a decent site to sell my hashpower and make more than if I were hashing myself.

Yes you are correct. I only rent rigs on new releases. I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.

Tying that in with rentals, I am doing the same with CLOAK. I looked at different variables and compared them to competing coins like DRK. I was confident enough to rent 330mhash worth of heavy artillery and aim it at CLOAK. Based on the current Bittrex price, I am already in profit, but I expect higher prices, as the concept of CLOAK seems viable.

I was lucky enough to avoid VOOT, which reeked of scam the second I started my valuation. Reminded me of Artos and the Stablecoin pump scam.

Its been awhile since I have PoW mined HBN, or used the multipool. I don't have any mining hardware running and PoS mining is the most cost effective way for me to get more HBN.

There was an issue with the code that generated a ton of orphans. The devs pulled the plug, cleaned up the code and relaunched. Its been smooth sailing ever since then.

[Jamesco]

I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.

I have a question Tokyo, What percentage do you think your trading strategy revolves around actual valuation of coins and how much revolves around the use of your name to extend said value of a coin?

For example you had continuously posted in the Romaincoin thread things like this:

nice try but you are not going to scare people into dumping. But there is no pump and dump. this coin got stupid cheap and those early sellers are going regret it. No one would be stupid enough to sell at 100 sat. Hate to break it to you but you wont see 100 sat again.

This thing is breaking out to 1000+ satoshi.

And you also dropped a line in the investment journal stating you were going to buy ROM. With ROM hitting an all time new low of 0.00000015 satoshis is this the all time best time to buy in again? Or was it a perfect buy and sell at 650 never to be touched? Which fundamentals would you be using in your analysis to evaluate coins? No premine? Active Dev?

I mean this post with no ill-intent just curious to how you are valuing these coins that's all.

[armin22]

Tokyoghetto, instead of locking this journal and forgetting it, why, if the problem still presists, dont you make a new self moderated one where you can geg rid of the FUD

[presstab]

Tokyoghetto, instead of locking this journal and forgetting it, why, if the problem still presists, dont you make a new self moderated one where you can geg rid of the FUD

My vote would be keep the thread as is for now, but if it gets too hard to read through the legitimate posts about the journal then to go self moderated.

[tokyoghetto]

I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.

I have a question Tokyo, What percentage do you think your trading strategy revolves around actual valuation of coins and how much revolves around the use of your name to extend said value of a coin?

For example you had continuously posted in the Romaincoin thread things like this:

nice try but you are not going to scare people into dumping. But there is no pump and dump. this coin got stupid cheap and those early sellers are going regret it. No one would be stupid enough to sell at 100 sat. Hate to break it to you but you wont see 100 sat again.

This thing is breaking out to 1000+ satoshi.

And you also dropped a line in the investment journal stating you were going to buy ROM. With ROM hitting an all time new low of 0.00000015 satoshis is this the all time best time to buy in again? Or was it a perfect buy and sell at 650 never to be touched? Which fundamentals would you be using in your analysis to evaluate coins? No premine? Active Dev?

I mean this post with no ill-intent just curious to how you are valuing these coins that's all.

A huge percentage goes into valuation. I can't help it if people invest on my observations or what I post. I just love talking about cryptos. I also mentioned PHS and CAP in my May wrap up. I did that so people have an idea as to where my BTC is going and how HBN can be used as a tool to generate BTC that can be used in other investments.

I can't tell people when to buy or sell. That is the million dollar question. If I am right they love me, if I am wrong I get crucified. As far as premine or active dev goes, that is also a hard one to judge. Some coins find success with huge premines, others turn out to be scams. Some coins have active devs and fail, others go into non-active zombie mode and still explode in value. So in regards to ROM, I really can't say, but I feel it can reach 1000 satoshi . It has an active dev, had an honest IPO and 30% annually is a nice cushion.

Having said that, I think an active dev and little to no premine is a recipe for success. I would put more value on a coin with those characteristics.

[Jamesco]

Thanks for the response Tokyo, it will be interesting to see how some of these good pos coins go in the next 6-12+ months. I know in the short term it seems they will definitely rise but I think for long term sustain, communities need to develop a little more strongly. That is unless money continues to pour into crytpcurrency at an exponential rate to incorporate the amount of new coins being developed but I guess time will tell.

[ninjarobot]

The HoboNickels block explorers seem to have a lot of issues lately. :/

http://hbn.blockx.info/ - no connections.

http://162.217.249.198:1080/chain/Hobonickels - offline for the last few days.

If it helps, I'd be willing to run a fallback server for http://hbn.blockx.info/ on a VPS.

It is important to have reliable basic infrastructure if a coin is to survive and that includes a good blockchain explorer.

[presstab]

The HoboNickels block explorers seem to have a lot of issues lately. :/

http://hbn.blockx.info/ - no connections.

http://162.217.249.198:1080/chain/Hobonickels - offline for the last few days.

If it helps, I'd be willing to run a fallback server for http://hbn.blockx.info/ on a VPS.

It is important to have reliable basic infrastructure if a coin is to survive and that includes a good blockchain explorer.

See this thread here for the latest discussion from both explorer operators. https://cryptocointalk.com/topic/1755-block-explorer-needed/page-3#entry101653

[David Latapie]

tokyoghetto (and other PoS fans), what's your take on Anonymint's bashing of PoS (except that this guy is utterly arrogant "I won't have time to go back here and debate. I am technically qualified and I am 100% sure I am correct."): https://bitcointalk.org/index.php?topic=558316.msg6501774#msg6501774

[ofeefee]

i didn't read through all of that, whew, long winded.

My take on it.
I can purchase equipment to do PoW, this equipment has diminishing returns.
I can purchase coins to do PoS, this does not have diminishing returns granted the price remains stable, if it lowers, you have diminishing returns.

I do agree that PoS does have an issue where users hoard the coins, which makes it hard to acquire them but isn't this the same as sha, or scrypt PoW mining systems now.  The machines to do this continually are getting more expensive prohibiting you entry.

The nice thing I like about PoS it allows you to buy in, even in very small amounts, and can grown it from there.