Bitcoin Forum

Since I found this project @DxchainNetwork, https://dxchain.com (https://dxchain.com), I have been following following closely. Even though I am no good coin analyst, I could tell that DX token did over X2, in the past 60 days.

Since then, the coin has been staying stronger even while ETH and BTC recede. I traded in past 1 week and made over 15% in ETH worth.

The price looks tempting now. And I'm thinking of getting in big. See https://coinmarketcap.com/currencies/dxchain-token/ (https://coinmarketcap.com/currencies/dxchain-token/) for market detail.

 Any advice?

 

Good for you, able to get profit for 15% in a week trading it. And yes the entry point looks very tempted for me too, but bear it in mind.
right now we are in a bear market and the demand is very low. If you want to get it big, always calculate the market liquidity and never surpass it.
just go as big as 50% of the market liquidity, in case something wrong happens with it. You are still able to liquidate your position and reduce the loss.
and I do not recommend you to hold it, it is not because this project is a shit project but because there is something better to hold up other than this like BTC, and ETH.

That advice is cool. But why do you think it's a shit project. I hodl the token in much volume as 60% of my portfolio right now and that's because of their recent developments as the team is working towards launching mainnet after release of mainnet-alpha over a week ago.

Please re-read again what I wrote above, I did not say this is a shit project instead I said there is something else better than this. As an Investor, we can not measure the investment using our emotions but the probability of growth of our capital investment. If we know something better to hold up why would we need something else?
yes there is a chance for us holding it, but do not forget the risk involved with. You can trade it, but holding it is not viable in my opinion.

Oops apologies. I guess I read different meanings to it.
Investors obviously would firstly consider the growth of their investment before delving into it.

I see some extraordinary claims concerning the team(check the team photos) on their website. Examples:


How true are those? I guess you should spend more time researching into those claims to know whether they are true or not. The project is listed on eight exchanges according to CMC. The 24hr volume($936075 USD) is Ok. Looks like new virtual machine based cryptocurrency.

Been waiting for this question. Glad that you asked. I have confirmed that with Allan Zhan but haven't done with those you mentioned. I followed Allan very closely and haven't see any trace of suspicion. Have you looked at the blog  to see something to hold? So it won't appear I'm somewhat sentimental. Also Dxchain page on LinkedIn. (https://blog.dxchain.com[/url)

You said you already made 15% profits already, so why are you asking if it's good or at least safe to go big? You have done your research and it seems its a nice investments like you picture it, unless otherwise you are shilling for the token here.

Goodluck though and I can't give you advise, it's really up to you to make the final decision.

lol 7 satoshis AFTER the pump?
not only is this too late, shitcoins like this only pump once generally a year (or ever)
but at seven satoshis, its very likely the token is worthless to begin with
ya no thanks ill pass on that one :P

Just a reminder. Dont let those emotions of greed to overcome you.Its good that you are making profits and dont be easily
get attracted to it because it might had been just simply manipulated for boosting up communities FOMO traits. 2x profits
is already considerable and dont ask for more.Just short trade and dont go all in and as long you are making profits
on gradual basis then just continue but secure out your initial capital.So you would be on the safe side in case this coin
would reverse its market.

Technically, this pump is good (not a pump and dump) as far i see. The price always goes to reach new ATH without retrace
in the daily candle, there are many long lower shadow. it means many buyers here
so, it is okay if you wanna hold it, but dont forget to set stoploss under 0.00000288 to avoid big loss and if that price broken, the trend changed

https://www.tradingview.com/x/TUptZ73W

I guess a 2 month x2 increase is a good indicator that it is a normal project but regardless through that, you should study first its market behavior from the past and compare that to the present value. Search for some news from them, some partnerships been done and related things that will help you better analyze it. If technical analysis will not matter try fundamental and other analysis don't just focus on one strategy.

would you like to give some reasonable reason , why we must buy this coin my friend ?
because your post above only focused on price , i can't found any specific reason in your post above
thank you

Maybe they need an option to buy back the coin that is why they need an advice if its worth it giving the best hype over the past 60 days. In own ways if the token still strong then it would be better to buy back again and sell high.

Congratulations, you hit the 15% profits from the coins not listed at the top altcoins, I believe for your determination to guve a lot of time and focus for that coin.

The price is still realtively cheap 7 satoshi, and you said that alreday get 15% profit in a week it's a good profit.
I advise you not to hold for the long term moreover you say that this coin 60% of your overall asset portofolio, having more than 50% portfolio of assets in new coins is quite risky.

Advice about DxChain Token (DX) is what I cannot give you right now. But you made it great. This is the first time I learned about the existence of this token. And when I checked it in coinmarketcap.com, it is showing good signs. It is rising as of this moment while the rest of the market is going down. Making profit even when the market is red is always a good thing.

Just be careful about dumping. The circulating supply is just half of the total supply. Set your take profit limit a little lower.

I don't put more than half of my assets in almost new project, better to diversify and hold some good old coins or get only some new projects when the product is really interesting, so far dxchain is doing well in their roadmap but not guaranteed that they can survive the market volatility, they have many listed investors in their website that can help them though but we still need to be careful and be updated before we fully trust new projects/companies. If we think we already did our own research that's the only time we can risk and invest bigger amount.

I see the profit I made as a lucky wheel rolled to my side. This is cos I am no good at trading. In fact, 8 of 10 trade attempt gives me loss most time. I wasn't sure My effort yielded that.

Most times, even at given advice, it all depends on our judgement and way of handling things. Most tokens out there are mere for speculations without actual working product but Dxchain has quite good one. The future sometime isn't certain but we just need to take strong decision if we actually need to be financially free. Everything in life is risky.

Thank you for that. That's one of reasons also that caught my attention towards the token and project in general. It seems doesn't follow other ALTs trend even while ETH or BTC recede, it tends to stay stronger.

Have You check the market recently? I'm no good analyst but I could tell from what it reads.

Interesting one. Kudos for the analysis. I learned new terminologies here. Hehehe

DX coin is very good for trading purpose, I did day trade with the DX token and profit was pretty good. But I would not suggest you buy and hold for future profit. I have to admit that the DX chain is a good project and its rank and trading volume also very high in CMC, you may buy it and keep an active eye on DX price movements, if you get a desirable profit, don't wait, sell it.

Business is full of risk and if the investors is smart he could even out 100 percent of his asset in the coin, but that would be for a short-term investment and not a long term investment, within a short period of time that the coin would pump, and being a new coin, there is every possibility that the coin will actually pump very well, so he could make cool money investing in it 100 percent.

As a very good trader that knows how to manage risk, it would be best he shares that risk by 50:50 because everything that is being said here about making money from a project that pumps is still under probability too, there are some new coins that investors typically don’t pay attention to for us to even say that it will pump, but this particular token that the op mentioned here, i think that I have researched in it and found it to be highly qualified.

In my opinion, it is not the best time to get into altcoins. The market is still very unstable, so the only obvious investment choice is Bitcoin, because during the whole 2019 it was the only coin that brought profit. Altcoins are still not ready.

Indeed the market is very unstable and we could’nt say if this DX Token could have a better growth when altcoin increase. Although it was mentioned above he already earned at least 15% profit but this not guaranteed this coin could give more profit in the future. In my view, I wouldn't hold this coin for the long term instead I’ll go for accumulating bitcoin at this time.

you're welcome, if you wanna learn more about how to do analysis for others altcoin (not only DX token), read my post below
those are tips for increasing your knowledge to analysis any coins

Though I did not know about this token, just checked! Now I think DX has good potential to increase more! If the bull run comes, then some altcoin price will go to sky high, DX can be one of them. Right now, it's trading volume just impressed me, therefore this project has something unique to offer for the crypti industry.

There are quite a few threads on DX token, but they all seem to have been started by you.
I don't know, it kind of makes me want to stay away, it looks like desperation and like you're trying to bump up the price so you can offload some heavy bags.

My advice would be probably just keep it to one thread.