Hello,
here I`ll talk about one of my long term holds. In general I`m a day trader and I feel like long term trading (for some people it`s a paradox) is simply more risky than short trading. Cryptocurrencies world is way too dynamic. I laugh a bit when I see people calling BTC a store of value. Anyway a small % of my portfolio are long term positions, mainly undiscovered projects with a solid foundation.
I bought QASH around $1.25 and added some more $0.9. Very successful ICO price was approximately $0.25 and they`ve raised 350 million QASH. It`s an Ethereum 1.69% based token which will run on it`s own blockchain. Why am I bullish about this project? There are many reasons:
* Mother company Quoine is running for a few years now (started in 2013). Quoinex exchange which they owe was launched in 2014. You are not buying a pig in a poke.
* It`s focused on the important problem in crypto world- liquidity. They want to solve it by creating a Liquid platform which is a combination of a World Book (multi-market order book) and Prime Brokerage (Direct Market Access (DMA), Fiat Management, Crypto/Fiat Credit facility, and Real Time Reporting). Talking simply they want to unite all major exchanges into Quoine Liquid platform. I's supposed to launch in Q2 of 2018.
* Team is great. One of reasons why one of projects I`ve recommended early to my friends was Cardano is that their team is great and huge. I`m still bullish on it but here let`s talk about Qash. CEO Mike Kayamori was a senior vice president in SoftBank group, president Mario Gomez-Lozada was Japan CIO and Head of Fixed Income IT Asia at Credit Suisse, CFO Katsuya Konno also worked in SoftBank etc.. All the people running this project, board directors, investors got a background in serious business, banking, financial world etc. I guess that names like Softbank, Barclays, Rabobank or Goldman Sachs tell you something. Simply team is great, experienced, they surely know what they are doing and have big partners like Dash, Binance, Bitfinex. Look at all these crypto projects which prices are pumped without any product, random teams, useless ideas and tell me that this project won`t be successful having all these guys in.
* Some of investors are one of richest people in Japan like mister Masayoshi Son (actually the richest one). Paul Kuo was a CEO of Credit Suisse and a chairman of International Bankers Association. There is also for example David Katz who was i.a. former vice president in visa.
* Project has received a Japan Financial Services Agency license as a first global cryptocurrency company. Deloitte is their external auditor. It`s one of leading audit companies in the world, member of 'big 4'.
* They have offices in various Asian countries (Japan, Singapore, Vietnam, Phillipines) and bank accounts as well.
* They run exchanges Quoinex and Qryptos (focused on ICOs). I`m using Quoinex mainly and there are things which could be improved like interface , manual payments etc. but obviously that`s a great thing for this project. Support is nice and what`s more important you can trade FIATs there- JPN, SGD or USD. There are not many reliable exchanges at the moment where you got such an option and keeping money in Tether is obviously risky as everyone knows.
* Community. There are almost 10k people in their telegram group. YT video which was introducing Liquid got over 230k views.
* QASH is listed on QRYPTOS, QUOINEX, Bitfinex, EXX.com, Huobi, EtherDelta, AEX, Gate. io. Some more big exchanges still to come for sure...
* Their aim to become a top3 cryptocurrency in terms of market cap. IMO they`ll easily get to top20 and then top10 probably.
Qash is gaining attention already. There are some youtubers talking about that. I`ve also seen some TAs here. It`s getting more popular in google what you can see in the link imgur.com/a/0spCR
If you like this analysis, please give it a like and follow me to give me some motivation :)
here I`ll talk about one of my long term holds. In general I`m a day trader and I feel like long term trading (for some people it`s a paradox) is simply more risky than short trading. Cryptocurrencies world is way too dynamic. I laugh a bit when I see people calling BTC a store of value. Anyway a small % of my portfolio are long term positions, mainly undiscovered projects with a solid foundation.
I bought QASH around $1.25 and added some more $0.9. Very successful ICO price was approximately $0.25 and they`ve raised 350 million QASH. It`s an Ethereum 1.69% based token which will run on it`s own blockchain. Why am I bullish about this project? There are many reasons:
* Mother company Quoine is running for a few years now (started in 2013). Quoinex exchange which they owe was launched in 2014. You are not buying a pig in a poke.
* It`s focused on the important problem in crypto world- liquidity. They want to solve it by creating a Liquid platform which is a combination of a World Book (multi-market order book) and Prime Brokerage (Direct Market Access (DMA), Fiat Management, Crypto/Fiat Credit facility, and Real Time Reporting). Talking simply they want to unite all major exchanges into Quoine Liquid platform. I's supposed to launch in Q2 of 2018.
* Team is great. One of reasons why one of projects I`ve recommended early to my friends was Cardano is that their team is great and huge. I`m still bullish on it but here let`s talk about Qash. CEO Mike Kayamori was a senior vice president in SoftBank group, president Mario Gomez-Lozada was Japan CIO and Head of Fixed Income IT Asia at Credit Suisse, CFO Katsuya Konno also worked in SoftBank etc.. All the people running this project, board directors, investors got a background in serious business, banking, financial world etc. I guess that names like Softbank, Barclays, Rabobank or Goldman Sachs tell you something. Simply team is great, experienced, they surely know what they are doing and have big partners like Dash, Binance, Bitfinex. Look at all these crypto projects which prices are pumped without any product, random teams, useless ideas and tell me that this project won`t be successful having all these guys in.
* Some of investors are one of richest people in Japan like mister Masayoshi Son (actually the richest one). Paul Kuo was a CEO of Credit Suisse and a chairman of International Bankers Association. There is also for example David Katz who was i.a. former vice president in visa.
* Project has received a Japan Financial Services Agency license as a first global cryptocurrency company. Deloitte is their external auditor. It`s one of leading audit companies in the world, member of 'big 4'.
* They have offices in various Asian countries (Japan, Singapore, Vietnam, Phillipines) and bank accounts as well.
* They run exchanges Quoinex and Qryptos (focused on ICOs). I`m using Quoinex mainly and there are things which could be improved like interface , manual payments etc. but obviously that`s a great thing for this project. Support is nice and what`s more important you can trade FIATs there- JPN, SGD or USD. There are not many reliable exchanges at the moment where you got such an option and keeping money in Tether is obviously risky as everyone knows.
* Community. There are almost 10k people in their telegram group. YT video which was introducing Liquid got over 230k views.
* QASH is listed on QRYPTOS, QUOINEX, Bitfinex, EXX.com, Huobi, EtherDelta, AEX, Gate. io. Some more big exchanges still to come for sure...
* Their aim to become a top3 cryptocurrency in terms of market cap. IMO they`ll easily get to top20 and then top10 probably.
Qash is gaining attention already. There are some youtubers talking about that. I`ve also seen some TAs here. It`s getting more popular in google what you can see in the link imgur.com/a/0spCR
If you like this analysis, please give it a like and follow me to give me some motivation :)