And SadowCash has and allegedly important announcement the 17th of march (see this).
Whatever it is, there will be hype prior annoucement. Probably hype train already ongoing.
This announcement could potentially be the open beta of their decentralized market built on top of their blockchain.
Basically this market is an ebay built on their blockchain and using sdcbtc private currency as their internal currency. Maybe a darknet market is a better comparison. But with the improvement of no counterparty risks nor fees (you dont have to trust the webmasters runing with your funds nor paying them a fee).
Technically we also have a cool setup with a huge triangle from ATH breaking out and daily turning .
I expect huge buying pressure till the 17th and i will probably sell everything or most of it before the announcement.
My targets are 0.0021 and 0.0028.
Probably an easy trade. SL if we close two dailys inside the triangle.
Check in related ideas a cool analysis both of fundamentals and technichals of an other trade, that triggered my interest in SDCBTC .
Damn what a mistake.
Be ready to react before a strong rejection. Remember that A LOT of breakouts fail, we need to be ready to close the position.
One week till friday announcement.
I hope we have time to load up on hype.
Weekly about to confirm a nice breakout
16% net profit pocketed.
Lookinf forward for next target. Will close 50% of position there, leaving the remaining 10% to be closed just prior the announcement.
34.6% net profit pocketed.
So far, 50% of net profit got in this trade, and 20% of it still ongoing looking for a bull madness.
That means an other 2.2% net profit added. So far, 36.8% net profit pocketed and still 10% of my position ongoing looking for a bull madness prior the announcement.
Net profit so far is 52.8% (16% from 0.0015 to 0.0021 for 40% of position, 34.6% from 0.0015 to 0.0028 with 40% of position, then 2.2% profit from that unplanned reload of 10% of my original position), and i still have 20% of my position ongoing.
That is a 20% extra net profit.
So far, 72.8% net profit (162.8% ROI) and still ongoing 10% of my original position.
Closing price 0.0037.
This means a 14.6% net profit.
Total net profit of this trade is 87.4%.
My honest opinion? They just kinda scammed sdc holders. I hope they can pursue their goals and make a competitive platform, so all sdc holders get appropiately rewarded.
This was a great trade anyways. We sold 0.0028 in average taking small risks. If anyone used my buy points, that were filled two days after idea was made public, and used my sell points, must have done nice profits.
We could have pocketed much bigger profits, but every profit is a profit.
Coin looks like it has good fundamentals including innovative 3rd party free escrow for dark markets feature. Worried about a pre-mine but dash is allegedly pre-mined also and it's over $70 now, wondering if this coin can do the same.
And yep, if dash can go to 70$ with its fundamentals, a lot of things can too. But dash has some peculiarities that make it easy to pump to the infinite and beyond.
Maybe i should hold a bigger % of my position, as this clearly seems to be headed to a nice pump, but i can't measure a target for a irrational pump, so if i get caught in the dump i at least have my profits tied. 50% net profit +80% position closed (back to btc) means that i have a current ROI of 130%, i can get caught in a dump to 0.0000001 and i would still make profit :D And i love that feeling haha