¿What's up with Tenx Pay? - *INSIDE BUYING RANGE*
Tenx markdown
Hello fellow bloggers,
seems there are alot of coins bottoming out at the moment and PAY is one of them. Let's check how is everything.
The company is fulfilling their road map up till this point. So my opinion is that it will easilly a 15$ token.
If you haven't read the original article, you may Here. Upvote and resteem.
Tenx suffered big time, seeing a loss at the moment of almost 100% of the gains on the big spike. This to me, in such a project screams BUY ME. This market also suffered alot of manipulation, witch I assume was for mass accumulation.
- The MACD in the daily chart is predicted to form a strong reversal signal
- RSI at the 30s, another signal of incoming reversal.
I particularlly like how it-s slowly forming that big U. If it continues forming when Pay tries an ATH next time I will be very exponencial.
Buy ranges are in mother thread
Thank you for reading and good night
¿What do you think?
Leave a reply
I do like tenx, they have a working product, a working road map and are very active with the community. I did and to some extent still see some potential in it.
The giant problem is they are at the mercy of card issuers, VISA and MasterCard being the biggest ones. MasterCard CEO, Ajay Banga, takes a similar stance as JP Morgan's Jamie Dimon on bitcoin, so very anti it.
https://cryptovest.com/news/mastercard-ceo-calls-bitcoin-a-bubble-junk-so-whats-up-with-the-mastercard-branded-bitcoin-card/
VISA is another story and a bit complex they want everyone using VISA and away from cash yet are slapping bitcoin cards hard. Personally I think their hand is being forced to do this.
New EU anti money laundering laws:
http://www.acams.org/aml-resources/eu-fourth-aml-directive/
have effected most bitcoin cards, the majority being issued by Wave Crest Holdings, Gibraltar. The new anti money laundering regulations are pretty Draconian and the bitcoin part is questionable as there are contradicting reports.
https://news.bitcoin.com/eu-report-implies-criminals-are-too-stupid-to-use-bitcoin
EU residents need ID and proof of address sometimes 2 forms of ID. And if you are an EU resident outside the EU you can't get a card.
Alot of big players and institutions against bitcoin and cryptocurrencies, tenx needs them to be friendlier to it to succeed. Also the reward system from holding pay tokens needs mass adoption with high transaction volumes in the millions if pay tokens wants to fly past $2 to the moon.
I picked up a few pay tokens after they were listed on bittrex, got rid of them for some nice returns when I heard about the up coming card news.
Thank you, your posts adds an inmense value to my thread.
They say they will have it fixed by november, with new cards going to everyone affected.
The token is so undervalued that I see it very hard to lose more value over this. Also the community has clear proof that the team is here for us, so I think it wont matter that much a 2 month delay.
Also their banking licence aplication comes Q1 next year
No problem anytime.
Totally agree the tenx team is going above and beyond to make the community aware they here. I have no doubt they are pushing hard to keep to the road map as much as possible and I really do like the project from the get go it beats all others hands down. I tested out the wallet a while back, sadly couldn't order a card at that time and it was nice balance update $ perfectly and when I transferred BTC out of the wallet there were no fees and it was quick not sure if that's normal, it wasn't to another tenx account either.
Bridging the gap between crypto (decentralised) to a debit card (centralised) is needed at the moment but in the centralised world the way some powerful companies and some countries are reacting to cryptocurrencies is really not looking good. Long term I wonder, with restrictions such that are happening why bother with a card you use a wallet directly, it is already happening in countries that have economic problems, Venezuela and Zimbabwe spring to mind. Argentina is another one where wallet to wallet transactions are happening a lot. Restrictions, control and 'oversight' only serve to accelerate this process.
Got to remember that the financial institutions that were have today are archaic, they have gathered a lot of influence and control. Blockchain and BTC directly threatens that control they have.
Token value I'm not so sure about, PAY weathered the BBC fork so damn well. It's value now is speculative, do some number crunching on returns from rewards and PAY token value. Miles ahead of the competition though, Monaco for example is outrageously over valued and they don't have anything working either god knows how that one got so high it's crazy!
I so want them to succeed though! So fingers crossed!
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As much as I love TenX I must mention that they've had quite a Whoopsie recently with their cards not being able to activate outside Europe, looks like there are some bumpy spots coming up on that roadmap.
Read more here: https://blog.tenx.tech/tenx-card-update-sept-2017-2c9e41bf8f59
just a little bump... only bureaucracy =)
thanks for the update tough
I hope so too, I am a stakeholder of their progress xD
@cryptonik I apreciate you upvoting me, alot, but you having so little power you should save it and use it wisely.
https://steemfollower.com/?r=4686 -> its a web for exchange of upvotes and followers. if you use my referal I will get 3 followers so please, help us both =)
In this platform if you have less than 200 steem is better to use your upvotes there (it pays you more)
That's okay man, I'm not focusing on money, rather on content ;)