Technicals no new lower lows like the majority of coins near to its all-time-low, but makes higher lows great risk reward, SL at 2.90 on a close
Fundamentals concentrating on India and mobile payments, huge grows potential there - hiring people in the metropole Dehli - great mobil infrastructur in India (imo great tool to get exposure to India) still good interest, shown through volume search engine stats look very good, steady increase
Risk - government (that they are hiring people from India makes a bit less risky imo) - btc dropping like a stone (but Metal is in an uptrend against BTC)
Order cancelled
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too fast decision
lost like 3,5% to get in and out
I see more signifcant risks, also because its built on ETH. I've not done enough due dilligence to go long yet. I will keep an eye on it...
Good Luck Fellas
Order cancelled
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just to clarify, I bought and sold within 30min. Was not a trade, but rather a mistake. My due dilligence were also rather shallow.
The negative comments I received are surely justified.
Well, next time I'll try to deliver some more quality.
You're fundamentals are completely wrong. This project has nothing to do with India. Have a look on their twitter page - MetalPay.
fujibear
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Not even close to being accurate about the project - has nothing to do with the MetalPay in india.
and If you are going to title your post LONG term hold, you should probably hold longer than 6 hours,
especially considering it hit 4 dollars less than 24 hours after you sold at a loss lmao. SMH.
macrobear
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@fujibear, nah I reconsidered a buy since I believe 90% of the coins are going to bleed painfully in a btc bear cycle