I have been in the financial services industry for over 25 years. During these 25+ years I have advised clients on an individual and an institutional level. I have also managed my own portfolio, which has included penny stocks. I am new to the cryptocurrency market, but believe some of the same principles prevail as when deciding how to invest your dollar in older, more traditional markets. While Penny stocks are less known, and less traded, they are similar to larger markets, just much greater risk and exponentially larger swings. The crypto market is very similar. I found success in penny stocks, by focusing on the roots of the business, their management structure, branding and marketing consistencies, opposed to playing the pumps and day trading. While day trading can lead to consistent gains, they are usually marginalized by the risk and overall return. I found success in picking 3-4 stocks at a time that I felt at good leadership, a sound business plan, and had met their deadlines. You would have some failures, but your percentage of winners was much higher if you had conviction and held for the real pump, the pump based on facts and delivery or development of goods and services. This is why I have chosen XC as one my coins in my first steps into the Cryptocurrency market. They have great management, they have a good business plan that is much more than just currency, they have delivered what they have said would be coming in the past, and I expect in the future, and finally a consistent logo and branding plan, despite some elasticity in this area in the early stages. Remember, if you are day trading, you may sell on what you think is a pump and the train has left the station. Is it worth the risk of missing the big gain, for a short day traded gain? We are to that point with this coin now. If you believe in the coin, the hold it, and you will be rewarded as long as the team continues to deliver. This day will come sooner if you don't fall to the pressures of that daily quick gain and keep the sell board at appropriate levels. I am excited to be a part of this market and I see this coin as a leader. There is always a better alternative to any industries first to market. I remember AOL, Palm, texas instruments, gateway computers, Blackberry and MySpace. I think XC is the one that will unseat the first to market in the cryptocurrency market. I won't be posting much on here as I will hold this coin until I see evidence that it is not on plan. However, I hope to tell my grandkids someday the story of this decision and how impactful it was on my life and theirs...
Great post, happy to share the same vision with you
