Hi readers
How good is WANCHAIN at the present time.
The coin has doubled in price in the last 4 weeks, to be at its opening price when it first listed.
Yes the coin has great growth but I struggle to see how it will continue with difficult aspects coming.
The whole sector will struggle and unless your watching it daily I'm happy to hold the position I have in other coins not WANCHAIN.
If it wasn't for Arab money buying WANCHAIN I doubt prices would be at the current levels with both bitcoin and ethereum where they currently are price wise.
For those trading coins there will be a good patch coming in May, June and July for the sector.
Then Aug, Sep and October will be choppy..
Its November December and January which bothers me a great deal, where we could see a real bloody bath in the sector.
There is light at the end of the tunnel tho with the mother of all Bulls coming in March of 2019 and will stay true for 19-25 months.
It will make the 2017 bull year look like a myth.
Disclosure
I currently hold bitcoin ..$7750/7850 ice storage
I currently hold ethereum.$790-820 ice storage
I am looking at both litecoin and WANCHAIN going forward for potential buys.
Please note that the coin market isn't like the stock market.
Your investing money for the future at no cost to yourself so unless you want to lock money away don't invest in coins.
It's far to dangerous to leave your holdings on exchanges, thinking exchanges are safe there not.
The reason I say this is that exchanges are getting hacked and if you don't cold storage your holdings you can loose them with no trace of who stole them.
It's the best white collar crime out there with no trace that's why the smartest computer minds are doing it.
It's for this reason some who are liquid in cash are locking up money in coins and then either going to jail,bankruptcy or going through divorce and are getting away with it.
Authorities are try stop it but are simply powerless.
It's a free ride people so don't be fooled by it ... be smart and think outside the box
How good is WANCHAIN at the present time.
The coin has doubled in price in the last 4 weeks, to be at its opening price when it first listed.
Yes the coin has great growth but I struggle to see how it will continue with difficult aspects coming.
The whole sector will struggle and unless your watching it daily I'm happy to hold the position I have in other coins not WANCHAIN.
If it wasn't for Arab money buying WANCHAIN I doubt prices would be at the current levels with both bitcoin and ethereum where they currently are price wise.
For those trading coins there will be a good patch coming in May, June and July for the sector.
Then Aug, Sep and October will be choppy..
Its November December and January which bothers me a great deal, where we could see a real bloody bath in the sector.
There is light at the end of the tunnel tho with the mother of all Bulls coming in March of 2019 and will stay true for 19-25 months.
It will make the 2017 bull year look like a myth.
Disclosure
I currently hold bitcoin ..$7750/7850 ice storage
I currently hold ethereum.$790-820 ice storage
I am looking at both litecoin and WANCHAIN going forward for potential buys.
Please note that the coin market isn't like the stock market.
Your investing money for the future at no cost to yourself so unless you want to lock money away don't invest in coins.
It's far to dangerous to leave your holdings on exchanges, thinking exchanges are safe there not.
The reason I say this is that exchanges are getting hacked and if you don't cold storage your holdings you can loose them with no trace of who stole them.
It's the best white collar crime out there with no trace that's why the smartest computer minds are doing it.
It's for this reason some who are liquid in cash are locking up money in coins and then either going to jail,bankruptcy or going through divorce and are getting away with it.
Authorities are try stop it but are simply powerless.
It's a free ride people so don't be fooled by it ... be smart and think outside the box
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