State of Cannabiscoin: September 27th, 2016

Days since launch on June 23, 2014: 826 days
Coins in circulation: 91,858,625 CANN (99.85% of 92,000,000 CANN has been created)
Inflation: 0%
Current price: 580/630 satoshi
Marketcap: 479 BTC
Days since most recent high on April 9, 2015 (4800 Satoshi): 532 days
Days since most recent accumulation began on June 10, 2016: 109 days

 

Full blown excitement about Cannabiscoin has been ignited. The possibility of a pump has gotten new traders involved with the coin. The obvious increase in volume has created a slight jump in price. Discussion about Cannabiscoin is higher than it has been for several months. Potentially exciting times.

For me, the most exciting fact is that the coin has almost reached full potential circulation. This means that almost no new coins will be added to the market. We can expect that for the foreseeable years that CANN will have a 0% inflation rate, and an almost non-existent network (no one really uses the CANN network, and that means that there will be very few transaction fees paid for overall network security, which has been subsidized by the block reward until now.)

For traders, this means that emotions can be played like a fiddle. Those that are the smartest will make a blindingly large amount of money from CANN during the next few months. Remember to do what the opposite of your emotion is telling you.

Be warned: I advise extreme caution buying at market prices right now. It will take a lot more than the current jump in volume to actually achieve a high percentage point pump. Remember, this pump started at 182 satoshi, so for some people hitting 880 was a 483% increase. This is a time for them to take profit, and take advantage of the current excitement wave.

CANN will be pumping, but if it’s tomorrow it will only be because someone decided they could make more money that way. Not because of anyone’s hype.
Get as much CANN as you cann.

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7 thoughts on “State of Cannabiscoin: September 27th, 2016

  1. Thank you very much for creating this blog, I eagerly anticipate each new topic. After over a year of “thinking” about it, you’ve finally pushed me into trading cryptos, at least in a small way at first. I’ve been slowly accumulating bitcoin a little per week over the last few years just for trading like this, although I didn’t know it at the time. I’m currently holding about 2 BTC worth of CANN, and about a half BTC of DOGE, eagerly awaiting the coming pumps. Thanks again!

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    1. Thank you for your comment. Remember that the day-to-day fluctuations on the CANN chart are misleading and to keep your accumulation at low prices, your market-price trades at a minimum and your long-term outlook positive. Happy trading!

      Like

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