Vericoin introducing "Binary-Chain"!
Updated
I have been idle for a while now, just waiting for the right time to jump in.
Yesterday I bought 6 new coins, Vericoin included.
It was added to my portfolio. Please read my latest blog post to get updated on what I am doing :)
Fundamental
"VeriCoin and Verium is the first dual blockchain protocol technology that pairs a digital currency with a digital reserve. This means faster transactions, more security and solves the digital currency scalability puzzle."
I'm quoting from their website.
In 2014, Vericoin was created. Actually, it was one of the first coins I invested in.
Though, to be honest.. If someone said to me "In 2018, Vericoin will be fully alive and have a marketcap of 60mil" I wouldnt have believed it back then.
But here we are. Vericoin doing some good work, and I am looking to take a position on it again :)
I'll recommend reading their blog update:
"2017 - Year In Review"
Where we can see some good numbers and progress.
Just look at this reddit usergrowth for example.
To summarize..
Vericoin is an honest and solid project. High userbase increases and a couple exciting things happening.
I believe this is a good time for speculation in the lower ranges of marketcap, so therefore I believe Vericoin is a strong bet.
Technical
It looks like VRC behaves after the Pitchfork lines I have put up. So gonna recommend buying at the 0.618, and looking out for resistance at median.
My target for this is the 1.618 from this recent run we had back in end of 2017. Also noting the channel for resistance.
I'll try to update along the way :)
Exchanges:
Bittrex
Poloniex
Upbit
Yesterday I bought 6 new coins, Vericoin included.
It was added to my portfolio. Please read my latest blog post to get updated on what I am doing :)
Fundamental
"VeriCoin and Verium is the first dual blockchain protocol technology that pairs a digital currency with a digital reserve. This means faster transactions, more security and solves the digital currency scalability puzzle."
I'm quoting from their website.
In 2014, Vericoin was created. Actually, it was one of the first coins I invested in.
Though, to be honest.. If someone said to me "In 2018, Vericoin will be fully alive and have a marketcap of 60mil" I wouldnt have believed it back then.
But here we are. Vericoin doing some good work, and I am looking to take a position on it again :)
I'll recommend reading their blog update:
"2017 - Year In Review"
Where we can see some good numbers and progress.
Just look at this reddit usergrowth for example.
To summarize..
Vericoin is an honest and solid project. High userbase increases and a couple exciting things happening.
I believe this is a good time for speculation in the lower ranges of marketcap, so therefore I believe Vericoin is a strong bet.
Technical
It looks like VRC behaves after the Pitchfork lines I have put up. So gonna recommend buying at the 0.618, and looking out for resistance at median.
My target for this is the 1.618 from this recent run we had back in end of 2017. Also noting the channel for resistance.
I'll try to update along the way :)
Exchanges:
Bittrex
Poloniex
Upbit
Note
Wow, look at that!Trade closed manually
Oh shit. Sold Vericoin at 0.88 USD with a negative -58.7% return.High risk coins. You either lose big or win big.
Selling out the majority of my coins today, as I see signs for a sideways market until summer or so. Hodling on to Ripple, Bitcoin, Peerplays & Unikoin :)
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