[ANN] WaltonChain WTC

WTC has had a heck of a run over the past week. When is the genesis block? Trading volume is increasing along with the price, I wish I had some spare powder for this one.

Yeah bought at 2$ during the last rally and doubled down when it hit .65$ and now I'm thinking we could see 10$ in a month or two!

while I don't think this is necessarily out of the realm of possibility when you factor in the quality of project + the incentive of masternodes, I think this current pump has to do with October 18th speculation in China. Most of the Chinese coins pumped over the past 24-48 hrs, and there is a thought that the ICO ban may be lifted after the Chinese elections. If that doesn't happen, the market could react in a nasty way.

Walton's a great long term buy regardless tho.

Is the election really going to effect anything? The government is trying to regulate ICO's not ban them, I think it's inevitable the temporary ban will be lifted and legitimate ICO's will be welcome to open for business. The government is trying to crack down on fraud and will make the industry stronger as a whole, I've been bullish on this ICO ban news since I heard it...

I mean the current outlook as far as I know is that China has banned ICOs completely.

https://cointelegraph.com/news/chinese-bitcoin-tycoon-advocates-central-banks-decision-to-ban-icos-in-china

They've been kind of flip floppy on whether they will open it back up with regulation or not, and to me that seems more like an IDEA until we actually see them do that. They're a communist government, so I don't look at it as a given that ICOs will be back in the near future with regulation.

My understanding is that there is this idea that they are taking this hard line on cryptos because it has a political impact that will no longer be relevant once the elections are over, thus they might chill out.

I'm a Walton holder though and I'm just playing Devils advocate to the $10 by end of October argument. So China stuff aside, we still have the bitcoin hard fork coming up around November 1st. If they try to paint that in the media like it's a "civil war" like they did for the BCH fork this past summer, I personally think BTC will tank. When BTC tanks usually everything else does. Not to mention, Ethereum could potentially fork as well, and these are things I still believe have negative connotations to the general public (even though they REALLY aren't even that bad, it's damn near like free money IMO).

If those forks bring FUD, the whole market will start bleeding, and Walton won't be safe from that...nothing will though for the most part.

Its good some of us play Devils advocate. Allthough I firmly believe 10$ in October is possible, it'll all depend on the outcome of the next couple of weeks in China. Like you said, everything could tank if the Chinese decide to really put the brakes on Cryptos