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RE: My Bitcoin Trading Woes For Your Entertainment.

in #bitcoin8 years ago

Oh man, what a thriller! They should make a movie based on this little story, haha! :D

I can share my little experience from earlier today: when the price of Bitcoin peaked around Swedish noon, I noticed that it began falling. So I quickly placed a short order with 5:1 leverage on Kraken for all my remaining Bitcoins on that platform (they were not many). About an hour after Bitcoin dropped by more than €100 and I took profit on my order and, since it looked like the drop had stopped, I bought myself 5.5 BTC. I guessed right – it was the lowest price of today and since then it’s been hovering €15–€20 above it. I’m feeling fortunate and relieved, but I was very nervous when I was in the middle of those trades, as I don’t trade often and I’m a total n00b.

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Wow, you did very well! COngratulations, that is essentially what should have happened if I stayed awake.