DeCred Waves

There is a lot of progress in this project.

Buying Decred on dips and/or breakout.

DCRBTC has a unique mix of Proof-of-Work and Proof-of-Stake.

Proof-of-Work miners mine the blocks and POS-stakers vote if the block is accepted. This way miners have less power over the network.

On btcusd and ltcusd Proof-of-Work miners decide if they approve segwit, on decred POS-stakers could help to reject non segwit blocks from POW miners and force them to upgrade.

thats a nice governance approach.

While btcusd and ltcusd are struggling to find consensus DCRBTC could profit and keep rising.

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some price action around this level, 0.5 fib

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building position

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decred will speak at coinbase on march 10th

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update after longer wave 4 reaccumulation

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decred is reaching the target area. its up 200% since the local bottom. For risk management purposes good to take some profit in this range 0.004-0.006.

For the long run i have 0.02 as target.

So good to move the free dcr from this trade into pos mining.

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there is a chance for another leg up, good to keep holding profits in decred for the long run

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possible updated wave count, with extended wave 5

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remember the old ATH from bittrex was something like 0.00687 so we breaking this historical level right now

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Upper target 0.02 hit now too :) it moved way faster than expected. we sit on a solid x10 here, thats my best trade this year so far.
But i still think its good to keep some dcr for long term, this project is just beginning in april is a major release coming and first hard fork voting about the pos difficulty will also bring some attention. Lightning network will be available on decred, too.

We might see lower prices again but PoS mining gives like 2-3% per month, which is great if you are bullish on the long term.

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There will be a major release on 25th of April. This should bring some attention to Decred again.

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time to focus on decred again :)

koryu

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koryu

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