Reason for the trade: Even at this price and with a market cap of 139MM, on both a fundamental and technical basis, CVC is undervalued in my opinion. It is, as I have mentioned in prior trades, on of the very few altcoins that offers a real-world use case and has a working application.
I believe the market has underestimated the potential of this coin before, and capital has flowed into coins with more hype / community around them. However, the smart money does not operate on hype. They look for potential and value in the long-term, before making decisions with institutional-sized capital.
Vinny Lingham, the founder and CEO of CVC, has plenty of connections in the VC world of Silicon Valley. If anyone can pull some strings and form strategic partnerships, it's this guy.
Time frame: 1 month. Although I believe in the project long-term and know that it will be one of the few projects left standing in the space in years to come - I am not a fan of the trading style where one becomes a long term holder / community member of the coin. I prefer to make my $ where and when I can, and move on to the next one. For the next month, I live and breathe CVC, but after I have sold my position, the outcome and future do not worry me.
THE PLAN: Average down from 4490 sats as far down as possible to 4000 satoshis. If it starts fading below that level, I may look to close the trade and concede defeat. As mentioned, I do not want to become a bagholder aka. a community member.