The $1000 Stake Challenge!

[Stake Challenger!]

For record keeping sake.

https://i.imgur.com/46WkZEe.pngCAP bought roughly at ~ 2850 sats
11250 coins
https://i.imgur.com/zCkh6kE.pngGRW bought roughly at ~ 115
70000 coins
https://i.imgur.com/VFLr6M7.pngHBN bought roughly at ~ 7400
6500 coins
https://i.imgur.com/36GIa0x.pngTEK bought roughly at ~3250
1250 coins

Trades were above and below prices but these are what they average out to be and were a mix of market and private sales. I went slightly over my TEK budget but only by a minor amount.

First trade:
Sold ~1GRW@ 176.  

153% profit on first trade, you read it first here! Amazing profit levels without even staking!

[Jamesco]

Nice portfolio, all your coins are over 100% stake interest per year so that is going to help out immensely with your goal of 100% in 6 months, I like your reasoning on your picks as well. Look forward to hearing more from you.  Goodluck!

[digitalindustry]

Sigh. Why gamble when you can have real value. Keep your BTC folks.

because you are on the wrong forum to say that  you need to be on CNN where people either don't know or don't care that Bitcoin is totally price manipulated by a mining monopoly.

so how can anyone find "value" in a screwed with "market" ?

sorry for disagreeing but that looks like buying in at the top of a manipulated market to me mate.

[Stake Challenger!]

First update!

Well not too much to report but all my coins have been stored away to gain some pretty little stake for me
I've worked out I should probably get my first stake of Hobonickels sometime between now and the 19th. So less than a week away!

I'm happy with my picks so far, this is not a get rich quick trading plan, its all about consistent and safe gains hence the modest target. While there's been nice dips and highs in the market I've stopped myself trading on them and I put my coins away to gain stake age as soon as I could. It will be nice to see how this staking investment works in practice instead of on paper.

[EvilDave]

Heres the update on my 20,000 NXT...current market price is $0.0451 (from coinmarketcap), so my $1000 is now $902. Ooopps.....

Still, we've got some serious developments coming up with NXT in the next week, so I think I'll hodl for a while longer.

[Stake Challenger!]

Update 2.

I've received my first stake! I was just quietly sitting at a cafe and my Hobo nickels decided to start coming through. I was pleasantly surprised my total first stake equaled 132.837 HBN. A nice thought as it was enough to pay for my sandwich and coffee I just ordered. I have decided to compound this stake for now. The markets still a good time to buy in so I think I'm going to wait before selling my stake for coffee( although I look forward to the day ), I'm only roughly in my first week out of 6 months! I have just now loaded up my GRW wallet and as I type its just started staking as well.

I have to admit its quite addicting receiving stake I'm already working out when my next coins are due. The best part is that my 132.837 HBN that I just got will also stake giving me compound interest. The market is still in a downtrend, I've been tempted to increase my positions but have decided to wait and potentially invest in some other coins I've been researching. I don't want to get my money tied up in day trading as this trading journal is supposed to be about long term stable returns. Anyway thats it for now I'll keep you updated.

Thanks for reading:)

[EvilDave]

And how are my 20,000 NXT doing?
Happily, having a little uptrend recently (ahem  ) and each one of the little darlings is now worth 5.173 dollarcents,
according to www.coinmarketcap.com

This gives me: $0.05173 x 20,000 = $1034.6.
Sweet, 3.4% profit from my start point, and a lot better than last week.

@OP: whats the current dollar value on your portfolio?

[Stake Challenger!]

And how are my 20,000 NXT doing?
Happily, having a little uptrend recently (ahem  ) and each one of the little darlings is now worth 5.173 dollarcents,
according to www.coinmarketcap.com

This gives me: $0.05173 x 20,000 = $1034.6.
Sweet, 3.4% profit from my start point, and a lot better than last week.

@OP: whats the current dollar value on your portfolio?

Im not sure to bit honest as my coins are in my wallet, at a guess down a bit at the moment, around $900 maybe but I wont know forsure until the end of the month. I'll aim at a monthly report on my total portfolio Smiley. Did you buy the NXT in your portfolio or are you just estimating as if you had them?

[EvilDave]

I got the 21,000 NXT/$1000 just a couple of days before I saw this thread, and (as I'm a foaming at the mouth NXT advocate), I thought it'd be interesting/cool to see how NXT performs against your portfolio.

So, today, I'm probably in the lead, but last week I was also down to $902.....ups and downs.
 

[Stake Challenger!]

I got the 21,000 NXT/$1000 just a couple of days before I saw this thread, and (as I'm a foaming at the mouth NXT advocate), I thought it'd be interesting/cool to see how NXT performs against your portfolio.

So, today, I'm probably in the lead, but last week I was also down to $902.....ups and downs.
 

Ah great! Yeah I know, Can go 20%+ swings in a day either way.

[Stake Challenger!]

I also forgot to mention I have picked up around ~3500 Hyper(750% Pos interest) at a price of around 230 a few days ago. While a tiny portion of my holdings the price was right so I picked up what I could.

[crackerhead]

Have you looked into NEM, or NXT Like EvilDave mentioned?

You can buy either with BTC real easily here: http://www.secureae.com/

NEM is worth a lot, and isn't even in beta yet, and Nxt has a crapload of inovation and media attention recently.

[digitalindustry]

I got the 21,000 NXT/$1000 just a couple of days before I saw this thread, and (as I'm a foaming at the mouth NXT advocate), I thought it'd be interesting/cool to see how NXT performs against your portfolio.

So, today, I'm probably in the lead, but last week I was also down to $902.....ups and downs.
 

all due respect kindly Dan - his picks are in the list there,  I like this topic and am following it can you make a Nxt topic ?  and talk about it there?

i'm not trying to troll you honestly ...its just messing up the flow of things (i had the image of the coffee shop and stuff ....)

(see i didn't call the NXT the total ponzi it is , I'm just asking to keep the subject on what the guy is talking about)

* honestly Quark is truly superior to most PoW crypto around and you don't hear me constantly rattling on in every topic about it?

[digitalindustry]

Update 2.

I've received my first stake! I was just quietly sitting at a cafe and my Hobo nickels decided to start coming through. I was pleasantly surprised my total first stake equaled 132.837 HBN. A nice thought as it was enough to pay for my sandwich and coffee I just ordered. I have decided to compound this stake for now. The markets still a good time to buy in so I think I'm going to wait before selling my stake for coffee( although I look forward to the day ), I'm only roughly in my first week out of 6 months! I have just now loaded up my GRW wallet and as I type its just started staking as well.

I have to admit its quite addicting receiving stake I'm already working out when my next coins are due. The best part is that my 132.837 HBN that I just got will also stake giving me compound interest. The market is still in a downtrend, I've been tempted to increase my positions but have decided to wait and potentially invest in some other coins I've been researching. I don't want to get my money tied up in day trading as this trading journal is supposed to be about long term stable returns. Anyway thats it for now I'll keep you updated.

Thanks for reading:)

like your updates !

[mr_fidget]

Sigh. Why gamble when you can have real value. Keep your BTC folks.

Because diversification is one of the cornerstones of investment. In other words, putting all your eggs in one basket has been, and always will be, a bad idea.

[aso118]

Interesting challenge.  I'm watching this thread.

Would you be willing to make a cryptofolio of your investment?  I'd take a look each morning to see how your portfolio is doing.

[Viper1]

This will be an interesting challenge to watch.

[EvilDave]

I got the 21,000 NXT/$1000 just a couple of days before I saw this thread, and (as I'm a foaming at the mouth NXT advocate), I thought it'd be interesting/cool to see how NXT performs against your portfolio.

So, today, I'm probably in the lead, but last week I was also down to $902.....ups and downs.
 

Ah great! Yeah I know, Can go 20%+ swings in a day either way.

And talking of swings:

I'm back down to $860 from the original $1000 (20,000 NXT @ $0.043 today). Cock.....

@Stake Challenger: DI seems to think i'm hi-jacking your thread..... my original intention was just to offer a comparison/competition to your original selection, because I thought it would be interesting for everyone.
If you don't want my input, let me know.

[Nxtblg]

STICK TO YOUR TRADING PLAN!

It should help negate the greed/fear factor that 99% of traders/investors experience, which results in losses.

Seconded. I have to confess that I'm still a sucker for shiny-object syndrome, so it's hard for me to stick to my own trading plans. I actually threw away, over several years (mostly in the penny-stock gold-exploration area) a total of six figures' worth of profits simply because I had a hard time learning to discipline myself.

Take from me as well as from tokyoghetto. If you can't stick to your trading plan, provided that you're firing on all other cylinders, you will end up throwing away some big ones. Learn from my mistakes instead of duplicating them!

[Stake Challenger!]

Hi guys,

I just wanted to say I'm sorry about my hiatus, I have had a rough few months with family illness and subsequent operations that has meant I have had to be travelling and I couldn't keep this journal updated. Good news is everything went well with family and in the meantime while being on the road my coins have giving me interest and staking well( well most of them). There's been some ups and downs with the market but I'm luckily still on the road to profit now things have stabilized. I'll be updating this thread over the next few days detailing how each of my coin picks have been doing, I managed to dodge a bullet or two here and there and had to sell off one of my coins but considering circumstances I'm happy and have been learning a ton! One thing to note is because of the bitcoin price I've decided to split my goals, my first goal is now to double my bitcoin amount in 6 months and my second goal will be to turn it into $2000 at the current market price.