The Bittrex Chronicles ep-1: Coval and the DC distraction
“He was my friend, my hope, my pride and he let me down, his name was COVAL”
Hello friends, its been a long time since my last post and here I am with a new story, or rather a new type of story –crypto-exchange – the front lines.
So there I was, getting up later than usual in the morning when I saw notifications on my local traders group on Telegram. I was up till late doing a noble job of watching my daily dose of Seinfeld (bit of overdose this just one time ).
The messages were countless and all were expressing the same thing – Altcoins were going crazy.
I have an experience in trading on Bittrex only of about 1 month or so, in that process I have lost more than I am willing to accept openly. I started with BTC of about 450$ as that’s what I could “Spare”
So understandably, I had no idea about bottom fishing or rallies or stop losses. These terms were alien to me.
I thought about bottom fishing and decided to put my faith in COVAL. The reason being, in the past, when I just had an account in Bitrex but hadn’t traded yet, I saw COVAL going up like crazy and its graph too was indicative of such small peaks. (see how conveniently I use the term PEAKS now).
So just jumped in at 65 Satoshi’s and decided to hold it whatever the time and sell at double around 120 satoshi’s
Then a few days later it went further down to around 38 Sats. Now that really troubled me.
COVAL was my only hope as I had put in a big percentage of my fractional BTCs. This was very bad, I thought this is it, it can’t go lower than that, so bought few more at 40 sats. Now I am very proud of my impatience, but this is my downfall.
I waited one month and then decided to take a look at COVAL, I had gone up but not much, there was a steady decrease now from 70 sats. This was a peak according to me and I decided to monitor the market for some time so I set up a sell at 66 sats just to see how much profit I would expect.
Right then I saw a message on one of my whatsapp group, A DC comics fan had posted this derogatory image, derogatory according to me as a Marvel Fan.
Now I had to reply. I quickly opened my folder title “DC TRASH” and found a fitting reply :
The DC fans had their typical response of ignorance which I took as a mark of victory.
I was enjoying my glory when my thoughts restructured around COVAL. OHMYOHMY While checking the profit, I had accidentally submitted the trade and now the window was popped up asking me to confirm and in my haste I pressed enter.
My heart sank but there was still slight profit.
Two days later COVAL rose up to 119 Sats !
Well, That’s a shame. Is all I could think and went on to log off for the time being and get ready for my day job.
That’s all friends, hope you liked my post . Please follow, upvote and resteem if you liked it. Please let me know your success or disaster story of any coin
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bookmanpage from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.
Hi. I nominate you for The seven day B&W challenge . I hope you accept the nomination and play!Look at my post
Thank you @peilmorena
Apologies for the late reply, i will surely participate !!