I might regret this for I sold BNB to ride WRX vs BTC. WRX is -60% from it's earlier ATH vs USD. Unlike my friend Master Yoda who's setting high hopes on this, I am setting a 40% exit target in consideration of BTC gaining dominance any day in the coming weeks.
Blue line is my entry Green line is my exit
Do you think I'll regret selling BNB for WRX? Or did I do the right thing here? ... only time will tell.
My opinion is this. I am not a fan on Nischal Shetty the CEO of WRX.
I feel he isnt doing the least for #WRX.
Whether WRX moons or not he is making a shit ton of money from the exchange. People are always complaining about the performance of #WRX and its only once he has ever responded with a tweet "Solution?" asking the community for solutions. The community responded and he hasn't implemented not one thing suggested by the community.
Does #WRX have the fundamentals backing it, Definitely.
The CEO is the biggest problem.
I have been seeing different analyst posting comments about the breakout to the upside for WEEKS. Doing technical analysis and saying any day from now #WRX will go 100% up and I always laugh.
Why will people buy this coin when there is absolutely no reason for them to buy in. Crypto is buy the rumour sell the news. I ask "Where is the rumour". Little things that he can do like for instance a new listing should first be traded with #WRX for the first 24 hours before being traded with INR , little things like this that can increase the price.
I haven't been on twitter for almost 4 years but now I consistently go on twitter just to tweet about #WRX and hear other people complain about the token.
Do I regret buying WRX, definitely. i got in @ $3.7 after the pump thinking it was a good price WHICH IT WAS, GUESS WHAT? it was during the correction that Nischal Shetty decided to DOUBLE the circulating supply, which means it will be double the previous amount needed for this coin to see $6.6 again. WHO THE HELL RELEASE MORE TOKENS DURING A BEARISH TIME, even if you want to release more tokens into the market it should be bit by bit but instead he decided to DOUBLE the circulating supply.
There is so much potential for this token but until Nischal shetty has decided to do nothing, #WRX will most likely continue to dip gradually.
We need to get on twitter and let him know people are disappointed in him.
jamesfre0504
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I agreed with you. I have buy this coin and it's goin nowhere... my entry point is 0.0000429 at 08 May. I regretted invest in this coin.
eBlockChain
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@jamesfre0504, Some coins take longer than others to move, but each has its day. The reason that I'm concerned about this trade is that I had to sell BNB to ride it. And I feel more confident about BNB to follow ETH, than WRX re-pumping again this soon.
Well, time will tell... I'm not a big fan of WRX to begin with but after all we trade these coins we don't marry them.
I feel he isnt doing the least for #WRX.
Whether WRX moons or not he is making a shit ton of money from the exchange. People are always complaining about the performance of #WRX and its only once he has ever responded with a tweet "Solution?" asking the community for solutions. The community responded and he hasn't implemented not one thing suggested by the community.
Does #WRX have the fundamentals backing it, Definitely.
The CEO is the biggest problem.
I have been seeing different analyst posting comments about the breakout to the upside for WEEKS. Doing technical analysis and saying any day from now #WRX will go 100% up and I always laugh.
Why will people buy this coin when there is absolutely no reason for them to buy in. Crypto is buy the rumour sell the news. I ask "Where is the rumour". Little things that he can do like for instance a new listing should first be traded with #WRX for the first 24 hours before being traded with INR , little things like this that can increase the price.
I haven't been on twitter for almost 4 years but now I consistently go on twitter just to tweet about #WRX and hear other people complain about the token.
Do I regret buying WRX, definitely. i got in @ $3.7 after the pump thinking it was a good price WHICH IT WAS, GUESS WHAT? it was during the correction that Nischal Shetty decided to DOUBLE the circulating supply, which means it will be double the previous amount needed for this coin to see $6.6 again. WHO THE HELL RELEASE MORE TOKENS DURING A BEARISH TIME, even if you want to release more tokens into the market it should be bit by bit but instead he decided to DOUBLE the circulating supply.
There is so much potential for this token but until Nischal shetty has decided to do nothing, #WRX will most likely continue to dip gradually.
We need to get on twitter and let him know people are disappointed in him.