Long
Let's Start The Remittance Party!
Big news coming out from the Stellar* project. We believe in pump based on the news and the possibility for said pump to become the "test pump" depending on what the future holds. Read on and see if you agree.
Fundamentals
Read the big news coming out from the Stellar* project here.
Coins.ph, Flutterwave, ICICI, and Tempo is jumping onboard with Stellar*.
The remittance market is the goal here obviously and with such big players Stellar* can be succesful!
There is a huge market to conquer and the upside for investors is definietly there.
First Pump
We have already seen the market go up on the news, but far from enough. Stellar* is at this moment very undervalued and the chance of a larger pump in the short term is likely. At 900 we will get out and watch the proggress before taking a position again.
Decision Time
If things play out as we expect there will come a time when the market will decide if that's it or not.
That depends on the progress Stellar* can make with the newly acquired partnerships, and what Bitcoin is doing.
Risky Investment
This is a risky investment but with far greater upside potential then downside.
You should be aware that Lumens (The coin of Stellar* and what we are buying) does not really have much value. Read more about it here on their website.
"The Stellar* network is free to use, you only need lumens to cover the base fee" wich is practically non-existent.
For a big pump to happen to Stellar* (or more correctly lumens), those coins need to become more valuable to the Stellar* network, and that is something we will follow the progress on.
However, crypto have not cared in the past and we don't believe it will this time either, so a pump to 900 in the short is still very likely.
Fundamentals
Read the big news coming out from the Stellar* project here.
Coins.ph, Flutterwave, ICICI, and Tempo is jumping onboard with Stellar*.
The remittance market is the goal here obviously and with such big players Stellar* can be succesful!
There is a huge market to conquer and the upside for investors is definietly there.
First Pump
We have already seen the market go up on the news, but far from enough. Stellar* is at this moment very undervalued and the chance of a larger pump in the short term is likely. At 900 we will get out and watch the proggress before taking a position again.
Decision Time
If things play out as we expect there will come a time when the market will decide if that's it or not.
That depends on the progress Stellar* can make with the newly acquired partnerships, and what Bitcoin is doing.
Risky Investment
This is a risky investment but with far greater upside potential then downside.
You should be aware that Lumens (The coin of Stellar* and what we are buying) does not really have much value. Read more about it here on their website.
"The Stellar* network is free to use, you only need lumens to cover the base fee" wich is practically non-existent.
For a big pump to happen to Stellar* (or more correctly lumens), those coins need to become more valuable to the Stellar* network, and that is something we will follow the progress on.
However, crypto have not cared in the past and we don't believe it will this time either, so a pump to 900 in the short is still very likely.
Trade closed manually
Well this did not go after the plan unfortunately.The pump never came, even though we saw some good upside after the buy in.
There wasnt nearly enough.
Personally I stil have a small position in Stellar, and believe we will see higher prices on this currency. But I have taken some loss and calling this a bad play, as it was.
Note
If you did like me and kept a portion of the Stellar position you have made a lot of profit!I sold out when 1000% gains was realized, at 3300 SAT. Bought in at 330 SAT.
Not as big as a positon as I would have loved to have, but still, you cant be disatisified with a 1000% gain!! :D
Note
Got a total return of about 300% from my original position. Which is amazing returns!
I do not recommend being in Stellar now thought, I am completely out.
Had a really nice opportunity to sell as high as 4900 Sat!! So I hope you got out aswell. If not I would get out now while it is trading in this range.
Maybe STR will continue to climb from here, but I see many better opportunities out there right now :)
Note
POSITION CLOSED(330 SAT Buy | 180 SAT Stop Loss | 3300 SAT Sell | 300% Profit)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.