We Turned a Small Profit this past month!

in #bitcoin2 years ago (edited)

Unexpectedly, we turned a profit our first month! Albeit, very small, but it is an extremely encouraging sign!

crbe openig atm.jpg

Our beautiful yellow bastard

This is just a quick update on how things have been going. We are very proud and happy to have been in the black this month. We anticipated that it would take 3-4 in order to turn at least some profit, so hopefully it only grows from here!

We haven't seen as many smaller buys as we anticipated, instead our sales have mostly been bolstered by $300-700 purchases. This is great of course, we love to see larger buys, just took us by surprise. We have seen a spike in the recent week with the increased price action.

That price action has been our greatest obstacle however. The turnover from depositing cash into the back, and buying Bitcoin is high and the volatility has led us to lose a few percent if the price jumps. We don't have a large enough Bitcoin inventory to buy Bitcoin every time we get a sale. Hopefully we can rectify this in the coming months by either increasing our stock or an injection of liquidity.

Our next goal is to get a BATman three to enable buys and sells.

One month down, many to go!

Sort:  

Congratulations @diezeldiddy! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 800 replies. Your next target is to reach 900 replies.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

The Steem blockchain survived its first virus plague!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!