So Electroneum (ETN) has continued to have its ups and downs, and surprised people on both sides of the fence. I was personally hoping for a tank in price so I could get my funds from flipping at nicehash since November 1st into more coins. But that did not happen. etnlogo.png In Fact ETN held strong with a bottom side of about 300 Satoshi, making it really hard for me to justify keeping my money into ETN. So I cashed out when Bitcoin was at about 18500. I am still long on my ETN position however. I currently have a miner hashing away at ETN. I worked on Bios mods, and fine tuning the overclocking on my rig, and am happy with the current hashing power.
I was also able to max out my current rig, and purchase a second maxed out rig with my profits. So thats great. At this rate I should exceed my previous ETN stack in 2 months, and I will have the mining rigs working full time to making more money.
But why am I still long on ETN?
The hype, there was no way ETN should have stayed at 300 Satoshi. It should have dropped much lower, and it held out. In fact John McAfee made a tweet endorsing ETN. This tweet is super flawed on so many levels, and makes me concerned about McAfee's objectivity, but he sure knows how to drive the charts.
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Here is the price on 12-23-17 2 days after McAfee's tweet. And the chart for good measure:
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So what was so special about this tweet?
Well McAfee tweeted that he is going to start making tweets about ICO's daily. ETN was his first tweet in these series. He also stated he was tweeting due to the overwhelming DM's he recieved, and for the reasons he included in this list:
