CIVIC (CVC) Is Suffering from the "Hurry Up & Wait" Altcoin Syndrome...What does this mean? Check out the analysis!
SUMMARY
ALL Cryptos have a syndrome, a genetic syndrome and it's called "Hurry Up & Wait". If you look the Elliott Wave count of just about any crypto, you'll notice that 98% of time, the actionary/motive waves (1,2,3,4,5) are completed with zero waste of time and very quickly! The requisite correction, however, becomes very long, extended and drawn out. It could test anyone's patience!
Civic is no exception to this syndrome. It placed 1,2,3,4,5 waves in no time and not, it's crawling through the retracement....it's slower than molasses flowing outside in the middle of February in Boston! The very long rectangular channel is holding CVC price hostage.
So what to do? Simple...you wait for the breakout to ladder in your buys. Once price decisively breaches the upper white line, you know that for Civic, wave 3 blue is next.
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BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
intermediate term holder here guys...this guy is not stupid and has created a few successful companies...it was touted as one of the best run ICO's so far by many in the advisory community..he has lots of contacts and they just announced some new partnerships...i have no doubt in my mind that many companies will come on board...and they have actual use cases..i signed up for the identity theft monitoring for $2.50/mth which is a fraction of the cost of other competitors and i control my info not some centralized entity like Lifelock.i ..when i need the data, it is derived from the app and done...i work in the retail finance area and i can't tell you how many people i spoken to that have had their lives ruined due to identity theft..even thought they went through the proper channels, they still couldn't get their credit reports straightened out..if anyone knows the math, a 50 point reduction in your credit score can cost you thousands on a mortgage..and if it's bad enough it could delay purchasing a car, renting an apartment...the list goes on..just my 2 cents
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Bitcoin’s recent spike above $6000 USD has elevated the estimated value of Satoshi Nakamoto’s holdings to more than $6 billion USD, qualifying the anonymous creator of bitcoin for Forbes’ list of richest individuals. At current bitcoin prices, Satoshi Nakamoto’s estimated 1,000,000 bitcoins would place bitcoin’s founder at number 237 on Forbes’ list.
Satoshi is estimated to own approximately 5.89% of the more than 16.6 million bitcoins that are currently in circulation. The largest single bitcoin wallet is Bitfinex’s cold storage wallet, which currently holds over 164,000 bitcoins, or 1% of the total supply. The largest bitcoin wallet was previously owned by the U.S. government, after the FBI seized 144,336 bitcoins from anonymous free market The Silk Road of Ross William Ulbricht.
great comment and info, thanks. Satoshi is the uber hodler ;-)
Thanks for sharing!
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Sure hope STEEM doesn't do a "Hurry Up & Wait".
Bang it's like a starting gun went off. As Soo. As the btg fork hit altcoin started going green. Here is a cheers to the a bull run hopefully we get a few weeks before the b2x hits. As you say "massive profits" to all.
Thanks Haejin for your time and effort on this analysis. Its really very helpful .
Great post
Enjoy your comments
Thank you so much for sharing all this information! that's great! All the best! Waiting for more posts! :)