In less than 2 weeks, the Electronic Cash Conference will finally begin in Barcelona, Spain. We will hear from several of the eCash developers, as well as others, who will be talking about things like why eCash is the best network for stablecoins, and a highly anticipated overview of upcoming eCash features.
Looking at the schedule, it seems like a golden opportunity for builders interested in building on the eCash stack. In person attendees will get to meet and hear from some of the brightest minds in crypto.
But of course not everyone is a builder, and for investors, I think the conference represents something else: a potential inflection point.
Investors are wondering if this event can trigger the kind of price volatility that XEC hasn’t experienced in quite some time. Obviously I have no idea. I can’t see the future. But here’s what I see as my three options: (1) Buy more (2) Sell some (3) Hodl
Behind the paywall, you can read which option I chose and how I came to my decision.
Buy more
100% of my net worth is not in XEC. I could sell some other assets and buy more, but the reality is that I already hold more eCash than I ever thought possible. And because I’m earning staking rewards of 5.9%, that number just keeps growing even without buying more on the open market. While it would be great to double my XEC holdings, as a father and husband, I have to at least maintain a little bit of financial responsibility. For these reasons, I won’t be allocating any more fresh capital into XEC.
Sell some
I would never sell all my XEC, but I admit I did consider selling some in order to take off a bit of risk. This goes back to the whole being financially responsible thing. I’ve always said I don’t know if eCash will succeed. It’s possible that pre-consensus is announced, and the market dumps on the news. Anything can happen, but the reason it was so easy for me to decide not to sell any XEC is because I still believe in this project, and its team, and its vision. I also think the potential upside far outweighs the potential downside at this point. The price can always go lower, but I am betting my hard earned capital that XEC can go much much higher. I guess you could say that at this point I’ve decided I’m pot committed. I think I’m holding a strong hand, and now is not the time to fold. Maybe this conference will reveal what the next card looks like.
Hold
This is basically what I’ve decided to do. I’m going to just keep holding, and staking, and waiting. Of course I hope the event surprises us in a good way. That whatever is unveiled helps put eCash on people’s radars, and the price does go up. I hope the redesign of the new e.cash website attracts new people to the project, and the improved libraries and developer tools will show developers how incredibly easy is it to build on eCash.
Ultimately, I hope that one day people all around the world are actually using eCash to improve their lives. What happens is anyone’s guess, but for me, I’m still holding XEC because I still believe in this technology’s potential, and I hope that we can one day look back on this conference as a kind of turning point for the eCash project.
Hi bro…
I hope the upcoming eCash conference will generate a significant positive impact on the crypto world, attracting global attention and leading many to recognize eCash as the groundbreaking technology that should be adopted worldwide.
However, it is deeply concerning that the price of eCash appears to be subject to manipulation by unseen forces. This creates the impression that eCash is falling off the radar of the crypto community, which is a tragedy for a project with such immense potential for mass adoption.
The development team needs to play a more proactive and assertive role. It is crucial to actively seek strategic alliances and collaborate with influential figures who can help promote eCash on the global stage. It is both saddening and puzzling to see eCash seemingly receiving so little attention, almost as if it is being suppressed by parties threatened by its progress.
My sincere hope is that the founders and lead developers of eCash will initiate high-level meetings with major investors, venture capital firms, and even heads of state to introduce them to the superior advantages of the eCash technology. This kind of assertive, large-scale outreach is essential. The team should pursue a level of serious, global promotion comparable to the efforts undertaken by the founder of Binance. The current situation demands a more vigorous and strategic approach to secure eCash’s rightful place in the market.
My 2 cent view..🙏
Sorry but making strategic alliances with influential figures and “heads of state” as you propose is unrealistic at this point. The leaders of the project are focused on improving the software first.