My name is Regard, I live in South Africa, Since the end of 2014 When my first 14 BTC was stolen from me. "In hindsight, I should have done my homework better" But hey that's how we learn hey?
Long story short.
Case Study: 2014-2017
How I took $500 to over $3200 in 2 years with trading bitcoins and turned it all over to Dash. Buy Low. Sell high. Simple.. yes that was close to R7K that I started with.
Getting my head round the rest took some time. But I love the challenge. I started off with the trade platform called cex.io See my story started with a severe loss of Bitcoins. it was 2014 Knc Miners was open for pre-orders.
I went and took a loan against the mortgage. (R50K) roughly $4500 . Ok I have to admit that the loss was all my fault. I lost all but $500 worth of BTC because I was being an idiot.
There was no escrow service on the website. Plus. Im sure the fact that they advertised demo models of the pre order units. That was not built yet… should have raised some flags. Never the less. I took the remaining $500 and started placing orders. with one simple strategy.
Buy low - sell high. and believe me it becomes part of your life style sometimes it’s quiet for weeks with little volatility to play with. Then suddenly boom one morning you wake up and the notifications are going haywire. I have an app I check on my phone. I set alarms to go off when they go over. Pluscheck my portfolio about once a week. .
NOW.. What to do with the Money.? Some how people always ask. so how to I get it back to my currency. em.. you don’t. .. Well you can. But that is like putting your MP3 song back onto magnetic reel tape.. If that analogy makes sense.
My decision is growth. Long term growth. Sustainable growth.
naturally that leads to me having a full time job while starting up my “Minature Dash Node”
Why dash. Well to put it simply. I have followed and studied both sides of the bitcoin development nodes and what might be next. I find thinking to myself that there are alot of old minded people there, bickering on what should be the next path. Most likely scenario is segwit gets activated and BTC splits into 2 branches. Just because they could not come to a consensus. Much like what happened with ETH.
Dash on the other hand. Master nodes have voting rights. And decisions can be finalized within lets be conservative. Say 48 Hours. But I believe it to be much faster.
There is one phrase that got my attention. ~ DASH “ So easy your mother could use it”
Ha ha so I decided.. Lets test that, Well it still requires the wallet and a virtual card to spend. And there are apps for both, tested on my Android device. Now, I can pay dinner with dash. How amazing was that experience. I can do online shopping. I can pay for power.
So all this for me right now means that naturally I would love to grow towards a DASH Master node in South Africa.
What I am doing at present.
I mine dash. I send that to my dash wallet. and I buy Miners with dash. This is a 24-month cycle plan I strategized - at least on paper.. lol… The aim is to Grow towards a Dash Master-Node. And hopefully the first one in South Africa.
I decided to try the x11 algorithm. since sha-256 is so overcrowded and you have to spend some serious money to actually get ahead.
Today. October 2nd 2017. I'm but a few months into this experiment. I realised that I would like to share the things that I have learned and things I am using that is working for me. It's quite a technical field I guess. But there are some simple rules. I have set so many crazy goals and now I am working them.
I started http://www.dashwallet.co.za and over the next year or so I hope to bring it to life. With my miners mostly mined out now. I have turned my full attention to trading. and so far so good.
I am here, to write a daily catalogue of my Actions.
Some trading news, and some inside scoops.
