|
Chronobank (OP)
|
 |
July 24, 2017, 08:09:50 AM |
|
It’s time to buy TIME! Bitcoin just shuddered, alts took a tumble and ChronoBank is about to announce some major new updates. Its a good time to buy TIME.
Bitcoin has always had a reputation for turbulence, and the last week has certainly confirmed those times are not yet over. After coming off an all-time high of just under $3,000 in mid-June, the market had stabilised around the $2,600 mark. On July 10, though, we saw a classic bitcoin move: a crash of around $800 or 30% over the course of a week, wiping many billions off its market cap.
Alts followed suit and more. In recent months we have seen a huge influx of money into crypto, predominantly bitcoin and Ethereum, but many alts too as speculators looked for bargains compared to these two major coins. With thinner order books, the alts are more susceptible to speculative bubbles. Most of the larger alts have posted all-time highs in recent weeks, as the total crypto market cap pushed above $100 billion.
Bitcoin’s sell-off was likely prompted by concerns about SegWit and the risk of a chain split, which could have been devastating to the virtual currency. Markets donÆt exactly react to news in the way that people often claim they do. Rather, news tends to give the market an excuse to go the direction it wants to anyway. Bitcoin and the alts were clearly overbought; this latest news was simply a catalyst. The results were brutal.
Bitcoin didn’t suffer too badly, all things considered. A 30% loss is significant and many traders would have been badly burned, but most alts posted far greater falls. Many crashed to just 20% of their recent highs. Traders reacted to the bloodbath, and naturally they quickly became as oversold as they had been overbought.
Over the last couple of days we have seen a sharp but reasonably healthy recovery. Bitcoin has climbed back above $2,000 and is currently sitting between $2,700 and $2,800. Alts have made gains on top of bitcoin. Nothing has approached the highs of the recent bubble again.
It’s always worth noting that these massive market swings are caused not by fundamentals, which are generally known well in advance, but by sentiment. The picture for most alts hasn’t appreciably changed over the last couple of weeks. This is why smart traders keep money, bitcoin or USD, in reserve for such occasions. These crashes are buying opportunities, and experienced traders can pick up coins that soon prove to have been extremely under-priced.
TIME is a good example of this. The token had established a level of around $20, where (with some fluctuation) it had broadly sat for many weeks. Nothing had fundamentally changed for ChronoBank when the bitcoin correction hit but, like other alts, TIME posted heavy losses. It is still well below the price it has averaged over the medium-term, always a good indicator of whether something is over- or under-priced.
Not only that, but ChronoBank will shortly be releasing some major new updates, strengthening the tokens fundamental position and cementing its value proposition. It should soon start to become clear to the wider market that TIME is a strong project with real-world application and revenues.
Markets are always driven by sentiment. There are investors who make a living picking assets that are trading lower than they ought to be in the short term, either selling them when they recover or keeping them as a long-term investment. This does not constitute trading advice, and you should do your own research, but we’re pretty sure that TIME is one of those assets right now.
Telegram https://telegram.me/chronobank
Slack https://chronobank.herokuapp.com
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
Chronobank Support
|
|
July 24, 2017, 01:03:50 PM |
|
Our CEO Sergey Sergienko is ready to answer all the questions you have about Chronobank. Don't hesitate, leave your questions in twitter or facebook with a hashtag #AskChronoCEO until Wednesday 23.59 UTC. We will make a video from your questions and our answers.  |
|
|
|
|
DomainMagnate
|
|
July 25, 2017, 12:08:46 AM |
|
There is a bounty for "test companies" but no further description. What is this about?
This is just a test demo showing how it may look like. Are you guys going to run another bounty program? what is the purpose of this bounty portal? |
|
|
|
|
grexmebeen
Member
 Offline
Activity: 75
Merit: 10
|
|
July 25, 2017, 11:17:51 AM |
|
major new updates in July? It’s time to buy TIME! Bitcoin just shuddered, alts took a tumble and ChronoBank is about to announce some major new updates. Its a good time to buy TIME.
Bitcoin has always had a reputation for turbulence, and the last week has certainly confirmed those times are not yet over. After coming off an all-time high of just under $3,000 in mid-June, the market had stabilised around the $2,600 mark. On July 10, though, we saw a classic bitcoin move: a crash of around $800 or 30% over the course of a week, wiping many billions off its market cap.
Alts followed suit and more. In recent months we have seen a huge influx of money into crypto, predominantly bitcoin and Ethereum, but many alts too as speculators looked for bargains compared to these two major coins. With thinner order books, the alts are more susceptible to speculative bubbles. Most of the larger alts have posted all-time highs in recent weeks, as the total crypto market cap pushed above $100 billion.
Bitcoin’s sell-off was likely prompted by concerns about SegWit and the risk of a chain split, which could have been devastating to the virtual currency. Markets donÆt exactly react to news in the way that people often claim they do. Rather, news tends to give the market an excuse to go the direction it wants to anyway. Bitcoin and the alts were clearly overbought; this latest news was simply a catalyst. The results were brutal.
Bitcoin didn’t suffer too badly, all things considered. A 30% loss is significant and many traders would have been badly burned, but most alts posted far greater falls. Many crashed to just 20% of their recent highs. Traders reacted to the bloodbath, and naturally they quickly became as oversold as they had been overbought.
Over the last couple of days we have seen a sharp but reasonably healthy recovery. Bitcoin has climbed back above $2,000 and is currently sitting between $2,700 and $2,800. Alts have made gains on top of bitcoin. Nothing has approached the highs of the recent bubble again.
It’s always worth noting that these massive market swings are caused not by fundamentals, which are generally known well in advance, but by sentiment. The picture for most alts hasn’t appreciably changed over the last couple of weeks. This is why smart traders keep money, bitcoin or USD, in reserve for such occasions. These crashes are buying opportunities, and experienced traders can pick up coins that soon prove to have been extremely under-priced.
TIME is a good example of this. The token had established a level of around $20, where (with some fluctuation) it had broadly sat for many weeks. Nothing had fundamentally changed for ChronoBank when the bitcoin correction hit but, like other alts, TIME posted heavy losses. It is still well below the price it has averaged over the medium-term, always a good indicator of whether something is over- or under-priced.
Not only that, but ChronoBank will shortly be releasing some major new updates, strengthening the tokens fundamental position and cementing its value proposition. It should soon start to become clear to the wider market that TIME is a strong project with real-world application and revenues.
Markets are always driven by sentiment. There are investors who make a living picking assets that are trading lower than they ought to be in the short term, either selling them when they recover or keeping them as a long-term investment. This does not constitute trading advice, and you should do your own research, but we’re pretty sure that TIME is one of those assets right now.
Telegram https://telegram.me/chronobank
Slack https://chronobank.herokuapp.com
|
|
|
|
|
DayTradingHousewife
Member
Offline
Activity: 107
Merit: 10
|
|
July 25, 2017, 11:43:51 AM |
|
major new updates in July?
|
|
|
|
|
|
peschi
|
|
July 25, 2017, 10:11:20 PM |
|
major new updates in July?
Great to see the actual raodmap! I realy hope that the team is delivering in time. |
|
|
|
andreibi
Legendary
Offline
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
|
|
July 25, 2017, 11:45:57 PM |
|
Oooooh, it's a long road alright. No wonder daytraders are dumping TIME. You have to wait until November to get your ROI.
|
|
|
|
Danimore
Full Member
Offline
Activity: 294
Merit: 123
The World’s First Blockchain Core
|
|
July 26, 2017, 04:55:43 AM |
|
major new updates in July?
It's nice to see this note. That's a good point to join this project again and I expect this project will be hot in next year. |
|
|
|
|
Chronobank Support
|
|
July 26, 2017, 10:00:28 PM |
|
There is a bounty for "test companies" but no further description. What is this about?
This is just a test demo showing how it may look like. Are you guys going to run another bounty program? what is the purpose of this bounty portal? Yes, there will be new bounties, before the LaborX release, for example. |
|
|
|
sonnychiba
Newbie
Offline
Activity: 72
Merit: 0
|
|
July 27, 2017, 12:49:17 AM |
|
ChronoSupport,
Since your tokens pay dividends and with all this SEC news, what's your response on time possibly considered as a securities. Perhaps a masternode might be your way to avoid classification as a security?
|
|
|
|
|
stonedtimer
Newbie
Offline
Activity: 126
Merit: 0
|
|
July 27, 2017, 12:59:12 AM |
|
interesting project time should be valued more, i am onboard.
|
|
|
|
|
sequential
Newbie
Offline
Activity: 3
Merit: 0
|
|
July 27, 2017, 02:02:22 AM |
|
ChronoSupport,
Since your tokens pay dividends and with all this SEC news, what's your response on time possibly considered as a securities. Perhaps a masternode might be your way to avoid classification as a security?
No. They are not classified as securities. This SEC issue has been resolved long ago, just get acquainted with this ‘mining rewards’ - https://blog.chronobank.io/time-token-reward-model-1c3508208791 |
|
|
|
|
|
|
iluvbitcoins
Legendary
Offline
Activity: 2198
Merit: 1150
Freedom&Honor
|
|
July 28, 2017, 09:07:57 PM |
|
Anyone knows what's up with the TIME price and why is the price so low o.o
|
Looking for a signature campaign.
|
|
|
DayTradingHousewife
Member
Offline
Activity: 107
Merit: 10
|
|
July 29, 2017, 09:07:55 AM |
|
Anyone knows what's up with the TIME price and why is the price so low o.o
People Sell alts to get BTC to get free BCC on aug 1st. |
|
|
|
|
|
Xandan
|
|
July 29, 2017, 09:17:02 AM |
|
Anyone knows what's up with the TIME price and why is the price so low o.o
People Sell alts to get BTC to get free BCC on aug 1st. While majority is focusing on fork event and trying to make money from there. Some smart geeks will take advantage of the lowest price of great projects like Time. You are going to make your investment double more quickly and reliable way by buying now. I have different strategy than usual traders who are following general trend. |
|
|
|
|
|
Bitgenius777
|
|
July 29, 2017, 09:59:55 AM |
|
Just so you know, Chronobank is sending phishing attacks from their slack, linking to: ... ... ... The email's with the phishing attacks: http://imgur.com/a/AEduBI also recommend everybody invested in Chronobank to look at the CEO, Sergeis LinkedIn: https://www.linkedin.com/in/sergeisergienko/He've started more than 5 companies in 2 - 3 years, I checked some of them and they're not very serious. Barely any revenue and social media accounts with about 20 followers. This is their top advisors website: http://www.paulglover.org/The Chronobank project is a joke. A lot of talk, zero substance, it looks like a semi-conscious scam to me. That's it for me, I'm out. Just another weak FUD attempt. We regularly issue warnings not to click any links in any emails or messages and use bookmarks to visit secure sites. Many people tried to spread the same (or even better) kind of FUD before but all of them failed. As I said before, the project is under active development and everybody can track the progress in our blog, for example. I recommend you to delete the scam links from your post for security reasons. Always find it interesting if a person is called a scammer. But the guy who started deconstructing the alleged scammer comes with unreasonable and invalid arguments... First off. If you'd tried to argue that someone is a scammer, get your facts right. Also there is correlation is not causation. Get your logic right. |
|
|
|
|
|
blackeyed
|
|
July 29, 2017, 07:37:53 PM |
|
While majority is focusing on fork event and trying to make money from there. Some smart geeks will take advantage of the lowest price of great projects like Time. You are going to make your investment double more quickly and reliable way by buying now. I have different strategy than usual traders who are following general trend.
Volume on Bittrex in the last 24 hours BTC1.98253166 - I can't see smart geeks buying. More precisely: i see nobody buying  This is the opposite of a hype until now  |
|
|
|
|
|
rafzalan
|
|
July 29, 2017, 07:54:00 PM
Last edit: July 29, 2017, 08:09:38 PM by rafzalan |
|
I love the idea behind Time token, buy some and hold.
There are many good readings from medium, reddit and other publishers that already have mentioned many potentials inside the project. But I want to know if road-map successfully commit e.g. after 2 years, how much profit could a Time token makes as dividend (being optimistic)?
|
|
|
|
|
Chronobank Support
|
|
July 29, 2017, 09:28:13 PM |
|
I love the idea behind Time token, buy some and hold.
There are many good readings from medium, reddit and other publishers that already have mentioned many potentials inside the project. But I want to know if road-map successfully commit e.g. after 2 years, how much profit could a Time token makes as dividend (being optimistic)?
There's a good research of Smith+Crown: https://www.smithandcrown.com/participate-chronobank-crowdsale/The above research doesn't take into account the LaborX profits. Don't forget about the potential TIME price increase after the rewards payments start. |
|
|
|
|
