Now THAT is a GOOD post on any day, but a GREAT post to read on a Friday. I am getting into Checkcoin like I did bitcoin- better late than never!
Late ? LOL
Plenty of time yet. Anything under 2000 sat will be early (bearing in mind there are no sure things, just the usual risks). I would expect a lot of flippers to sell millions below that level over the next few weeks... We will be able to gauge things by the actual reported progress.
Checkcoin is still very young.
Indeed, plenty of time left to buy. As you said, around 2k will be the floor in the next days. Although, the devs will release something nice tonight, depending on the implications of this we may see a decent spike. But take it easy, don't chase prices. Just buy an amount you feel comfortable with and hold. First milestone will be reaching the top 100, so again, there is still so much room for growth.
I actually meant 1k would be the floor, and 2k will be the ceiliing, until the IPO sellers are out (and there will be a lot of them).
I will be watching the actual progress of the project : don't focus on price in the early weeks/months.
Ok gotcha, but depending on development and features those ICO buyers might change their minds and hodl. I for one bought ckc at
ICO price but I'm not going to sell for anything less than 50k. It will be a long hard road (if ever) but I am patient.
That's about right. Hold for a Binary outcome.
If you really believe in a crypto project like CKC, why not just hold forever? Sure, set a target where you sell SOME for BTC if you want to hold BTC (or fiat... bleh) but you should always hold onto some coins indefinitely if you feel the project has merit. Otherwise you're only investing for investing's sake and never actually believed in the coin in the first place, which I think is a poor reason to invest in something because you're only hoping that the coin will go up in value based on other "suckers" getting into the market to push the price up instead of basing your investment on the true value of the commodity you are investing in.
Well spoken, my 50k number was arbitrary, merely to indicate that I will hold for a long time. I am with this project almost since day 1 and I invested because I believe it will succeed. I will never sell all my Checkcoins, but at some point I might cash out my initial investment, but I may refrain from doing so depending on market conditions and adoption etcetera.
I've been (day)trading BTC and alts since 2012 and I always had three principles:
1. Never invest in an ICO
2. In case a coin doubles, sell half to get your investment out.
3. Set an exit price and sell 95% of your remaining coins.
Regarding Checkcoin I have broken rules 1 and 3 for the first time ever, I invested in the ICO and I haven't set an exit price because I want to see how far the rabbit hole really goes with this one. Although as I mentioned, I might sell some to take out my initial investment, at the moment however I am not short on fiat so from that standpoint I will probably break rule number 2 as well
I admit I entered this "crypto game" as I called it full Gordon Gekko style, ruthless and without any profound interest in a coin's advantages or fundamentals. I bought and sold everything. I have changed though, I believe we are ready for Crypto 2.0, focusing on true real world adoption instead of being just another speculative equity. Now I invest in what I call platforms; coins that offer more than just being an alternative for Bitcoin, because in my opinion those will never succeed. A succesful cryptocoin should provoke an incentive for people to use it, not offer just another payment method. I see some of these platforms as companies in the making, that is where I put my money for the long term.
Checkcoin in that respect tics all the right boxes:
-A true company behind it, not some anonymous dev offering a shoddy whitepaper and who shouts "moon" all the time
-It fills a void in the current crypto landscape. If you are honest, almost with every coin out there you could ask yourself "why wouldn't I just pay with cash? (or Bitcoin!)" Of course us enthusiasts see the advantages, but the general public? Not so much
-It doesn't focus on anonimity. While anon in itself is great, and I wholly agree with the right to have privacy, Anon from a point of mass adoption is too soon. The majority of people simply do not care about their privacy, especially teenagers nowadays. They fill in forms, post their personal information on the web etc they simply do not care. With them being to future adopters or users of crypto, why should anonymity be the main focus at this point in time? It sells to us crypto enthusiasts, but most people out there don't even know what Bitcoin is, let alone that they are ready for anonimity in crypto. We will see a revival in a couple of years, but for now the hype is starting to die out quickly. I am not saying anon coins are useless, I am just saying that their potential will take time to bloom. This will come after crypto use is widespread. I am invested in various platforms that offer anonimity for the long run.
Basically what is lacking is a profound reason why the general person wants to use crypto. Ask yourself, "why?" why would anyone want to use a volatile untangible "currency" which offers things like "freedom from banks" or "lower transaction fees" There are a lot of people who never think about these concepts because they simply do not care yet.
Until now crypto has been trying to force feed their advantages over fiat to the people, we've reached a stalemate regarding adoption. Adoption cannot be forced unless there is an incentive to adopt and Checkcoin does this beautifully. It's simply "cool" to use the functionalities of CKC, I bet most people will never even be aware of the fact that it's a cryptocoin in essence, they will simply use the features this platform offers. For investors this means that they will see a nice return on their investment as with increased demand and usage, the unit price will rise.
As I said earlier today, wiser men than you and me will eventually see the enourmous potential of this technology and want to have a part of it. It will take time, but that day will come.