Wan - should I sell at a 300% profit or buy more so I can stake?

in LeoFinance3 years ago

I bought a little WAN Wanchain about a month ago following a comment that @jphamer1 dropped on one of my posts a while ago - at least I think it was him that made the comment and it was on one of my 'what should I buy next?' posts.

Turns out the advice was sound - I bought at around $0.75 and it's steadily increased since then and very recently pumped up to around $2.40.

Screenshot 20210412 at 08.10.38.png

I did my usual 'punt' on the basis of people that have done quite nicely out of crypto' strategy and bought some without doing any research, but I've finally got around to having a look at the project.

It's another chain offering 'cross chain interoperabilty' which is a word you think I'd be able to spell by now given that every other project seems to be offering that.

However I think what makes Wanchain unique is that it brings together public and private chains and offers one ledger where you can see all of your cross chain transactions in one place, and I think the USP is that Wanchain brings together private and public blockchains.

Something else I like is that it's a 'proof of stake' chain - you can stake your WAN to node operators for what seems like a standard 10% return - and what I like about that is the realism - something around the 10% return mark sounds sustainable - it's not Defi in other words!

The problem is I'm a cautious fellow and I didn't buy enough at $0.75 to meet the minimum staking requirements of 100 WAN, I only bought about 2/3rds of that.

So now I'm in something of a dilemma - do I simply take my 300% gain OR do I buy half as much again at 3 times my original price to stake for that 10% return?!?

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I think your better off holding, it hasn't even got started. Wanchain is criminally undervalued, it stands for Wide Area Network. (the internet of blockchains). I would personally buy more, but id also be buying pirate chain right now too. (tradeogre.com). The thing that set Wanchain apart is they have built a decentralised and trustless system which is VITAL. They laid the groundwork and now are ready to basically plug everything in. In the end i think you will see people basically begging WAN to plug them in, both public and private chains.

The main reason its so cheap is as far as i can see is basically racism as its Korean, and maybe not being available on Binance US. The thing is Wanchain is basically a coiled spring and eventually will come up and bite anyone in the ass that ignored it or shunned it. What they have built is incredible, they bridged ETH with BTC, the first people to do it and basically if ANY other project was doing what they are it would be skyrocketing. The third biggest company in the WORLD just partnered with them and decided to upgrade their data management systems leveraging their technology. THE BIGGEST PARTNERSHIP IN CRYPTO HISTORY. Went down like a tumble weed, something is definatley wrong here but it only presents massive opportunity. The community is great but we are ignored, a quote by Ghandi comes to mind here. Me personally am set for life when this coin finally gets the recognition it deserves and it will in time.

Look at the chart man, does it look toppy or does look like the pocket of a vert ramp? We going vertical, WANs 5 minutes of fame will be epic.

Wow! Great response, I know what I'm spending my next Leo PD on.

I was wondering about the whole 'racism' thing, it's sad but it doesn't surprise me!

Yeah it maybe could do with a re brand, but then why should they, i don't see the importance of it. The work and the tech will speak for itself eventually. If you want a sell target look for around 9 dollars, everyone will be ready for jumping out at 10 dollars so if you get out at 9 you will guarantee a sale. It will hit 9.6 and dump probably, but there is no reason at all why it wont see 30 dollars this year.

I just bought enough to stake and a few more as well!

Cheers! Have a !BEER

Awesome. Check out the Wanswap, they have a token called Wasp similar to CUB. I haven't picked any up but im kicking myself as it was only a couple of cents if that 6 months back. My Wan has been staking for nearly 3 years, it got me through some rough times but is paying some really nice money at the moment. My passive income is off the chain at the moment but im busy buying up other stuff like CUB and Pirate Chain at the moment. PC looks like a big one but could also be a hype train hard to tell at the moment. One thing for sure is there will be no dump or pullback until it turns into a huge rally.

Sounds like you're doing pretty good to me!


Hey @jphamer1, here is a little bit of BEER from @revisesociology for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Interesting that you hodl and did not sell for 1.5x or 2x
But because you have gone on and gone a long way, complete the other, Hodl as jphamer1

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Yes, great response that!

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It looks like there's still room to grow.

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It may still pump and definitely has a solid proof of concept, but I think a 300% increase should not be sneezed at...so I think you should take a little profit

Na - I just bought more, wanted to have enough to stake!