BITCOIN DIARY: Day one and I'm down 10 percent ... er, make that 20
Adventures on the wild frontier of disruptive finance
* Lance Boyle is a pseudonym. Get over it. The first day of the portfolio: Okay, so the first day was grim. Starting off with capital of R2.5m, I'm down R228,000 ... a one-day loss of just less than 10%. This is obviously not good. Almost as bad as holding Sibanye ... But, wait, there's something important you need to know. This is (thank the gods) a demo account. I'm not stupid enough to throw money at something I know absolutely nothing about. I only throw money at things I know very little about and I'm a long way from that at the moment ... The first thing that strikes one about this market is its volatility. By way of illustration, while writing the above sentences, I lost another 20 or 30k ... er, just checked again, 40k. That comes from throwing money at CFDs in a market you don't know the first thing about. Back to volatility ... Why is this? Because ... wait, there's a live chat function. Let me ask Valentin to help out ... Valentin tells me that the market is affected "f...
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