Trade #3 was another difficult choice. I looked at several different options based on high trade volumes and current price versus 24 hour highs. I finally decided on TenX (Pay) due to the above criteria.
As I did some really quick research, TenX seemed really cool. They issue a slick looking debit card which allows you to exchange BTC, ETH, and Dash interchangeably and then use it to make purchases.
Trade Stats
Trade 1 : Bought 108.75 ParkBytes @ Btc 0.00012353 and Sold @ Btc 0.00013347 for a profit of Btc 0.00108099
Trade 2 : Bought 0.33834449 Zcash @ Btc 0.04268662 and Sold @ Btc 0.04344294 for a profit of Btc 0.0002559
Trade 3: Bought 40.72 Pay @ 0.00035897 Btc and Sold @ 0.00036612 for a profit of Btc 0.00029131
Profit
After three successful trades, I now have 0.01487940 Btc. With the fluctuation in price from Bitcoin today that leaves me with $85 at the time of posting this article. It's a little disappointing that I've increased each trade and made more Btc than I started, but hey, that's the crypto market. Plus, with trading at such fractions, it is really difficult to see any gains. All and all, it's still successful and I hope to continue to rack up Btc slowly.
Giving Back
A portion of the proceeds generated on this challenge will be given to a Steemit friend of mine who won a free trip to Lisbon for Steemit 2!
Although day-trading can be a lot of fun, TenX is also one of the few alts that is a good long-term hold. Once they start servicing US customers, I think we'll see big gains.
I agree, they have a pretty good model. Still need to read up on it more but I agree that once the US market opens up it will skyrocket.
Also, if they obtain a banking license, I believe they can reduce some of the fees as they will be issuing the cards directly.
Yeah, for sure. I'm rooting for them. I hope they can continue to move in a positive direction.
nice strategy man !
Thank you! I appreciate it.
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