My first 3 weeks of Bitcoin trading using Poloniex
Are you new into bitcoin trading? Or have you heard about the word bitcoin?
Hello steemians! I'm Neil John and I am a proud newbie in bitcoin trading and also hear in steemit. And will share to you my experience with bitcoin and how i started.
My friend introduce me to bitcoin but i just ignored it. Everything he said was new to me so i just listen to him and forget what he said. Hahaha. After a week, when i was just laying in my bed and was so bored, i tried to research about bitcoin. I spent my whole day reading articles and watching videos about bitcoin. I'm the type of person who is hard to believe. That's i spent 2 days doing research about bitcoin. And luckily, i was convinced. So that is where everything has stared in me.
Coins.ph and I
Coins.ph is a local wallet here in philippines. I created my account and i was so happy about the rewards that it has given to me. Coins.ph gives 5% rebate everytime you buy load, gives you reward if you pay bills using it, gives you 50 pesos as a referral bonus. But i never settled with it. So that is when i decided to level up.
Poloniex and the beauty of bitcoin trading
I spent days of research just to learn the basics of bitcoin trading. Almost all of the articles i have read has a common thing and that is the word "POLONIEX". Poloniex is a trading platform for almoat all of th cryptocurrencies around the world.
My first trade in poloniex
I deposited 800 pesos for my first trade in poloniex. Everything was fine. And luckily, my investment gain nothing. Haha. I was so worried because everything went down. I research again and again. With my research, i learned so many things. But with my trading, I only keep 3 thing in my mind:
1. Buy low sell high - everytime you buy, the price must be low, or even in the lowest possible point. And sell it when it reaches the highest point to gain maximum profit.
2. Learn to hold even if everything is going down. Don't do panic selling just to cut your loss. Remember that everything that goes down will eventually goes up. Just be patient.
3. Break the rules sometimes. I always set my profit margin for me to have a target on selling my altcoins. But sometimes, i break my rules and take a risk in holding it a little bit even if i already reach my target. But please don't do it all the time. We don't know if you will still be as lucky as yesterday.
My 2nd and my latest deposit
I deposited 5800 pesos for my second trading. I just applied the rules i mentioned awhile ago. Unlike my first trading, everything goes with the plan. And i was happy with my profit. I gain a lot from my second trade. With my latest trade, i deposited 7,500 pesos. The same story with my second trade, i gained a lot with my third trade. As of this moment, my overall profit in poloniex is almost 40% of my capital which is a good start for beginner.
In bitcoin trading, you are totally control your future.
Thank you!