I am relatively new to all this cryptocurrency malarkey. Indeed I have only been on Steemit for about six weeks.
But what a glorious six weeks. I have written some songs, wrote some recipes and shot the sh!t as they say in the chatrooms. I have met many excellent people and the fear I have for them is partly why I am writing this article.
Let me tell you what and how it all happened..
I was on one of the online trading platforms yesterday, for now let it remain nameless and I saw the price of SBD dropping. Not to the lowest I had ever seen but in the low 150's.
I had some bitcoin in my wallet and on a whim decided to purchase some SBD. After all thats what folk are saying aren't they? Buy the Steem Dollah whilst its cheap.
So I bought 20 SBD at 0.00154174 which came to 0.0308348 BTC
Stay with me guys, the story starts to get hairy from here on in.
So I was still online, faffing about on Steemit, commenting and reading when I noticed that the SBD price had started to rise. It reached a peak of 0.00157065 when I felt it - almost unbidden my hand moved on the trackpad of my laptop and moved to sell my hard bought 20 SBD.
The sale went through
I sold at 0.00157065 and made myself a sweet 0.031413 BTC
It was a matter of moments to work out that I had made a profit of about 0.0005782 BTC
Which roughly equivaled to 0.23 pence in GBP after deducting commission.
Well well well I thought to myself. This is a paradigm shift.
Am I now a Trader ?
The rest of the day passed in a blur. I wen't through the motions but something was changing. I felt like a moth in a flame, my old self burning away and something hard, crystaline... alien forming in its place.
I arrived home and opened the lounge door to see my partner sitting at the dinner table with my daughter fooling around with a jigsaw. "Hi honey", she said "Your dinner is in the oven"
I opened my mouth to thank her but the words that tumbled forth seemed to come from somewhere else.
"Can't stop, market is down 40 points baby." I declared.
She looked puzzled, "What?"
I threw my jacket loftily onto a chair on the other side and strode across to the window pulling my mobile from my pocket. I dialled a number and barked into the mouthpiece
"Yeah, Mike. I'm feeling bearish on Etherium, I think we should adjust our position"
I flipped my phone shut. It wasn't even a clamshell but heck, the markets would pay for a new one.
"Honey are you ok?" My good lady was standing with a worried look on her face. "You're acting a bit.. well, weird?"
"Markets swing babe. Gonna have to bull up"
I headed for the door. In truth I barely knew what was happening myself but I had no more power to change it than a crash has to become a rally.
As I broke out of what had once been my home, I reigned in my volatility. I might have felt like doubling up on a profitable position but had to remember a trader who hasn't lost can't yet call themselves a trader.