Yesterday, Electroneum (ETN) finally released the tokens to the community and as expected, price plunged…from $0.12 to currently $0.07 (Cryptopia).
The ICO price was $0.01, so in the end, and after a lot of patience, it did lead to a great ICO result for the contributors, a possible 600% price exit. That’s acceptable and makes up for most of the negative energy that this ICO created.
Join the NAGA Token Sale!
As many other ICO contributors, we used the release of the tokens as an opportunity to take out our initial investment (in $ value). We will keep the remaining coins in portfolio for the longer term, a free lunch for our investors. Our worst case scenario is a break even result: if price drops to 0, this trade only costed time and opportunity cost.
But if Electroneum does go mainstream, we still play along. Free money does exist.
Conclusion: we have limited our risks, but the upside potential is still here. That’s how we prefer it.