The blockchain technology is definitely the future of financial transactions in the future. The hardware requirements to make the calculations that make blockchain possible are extremely high.
Therefore it might be wise to look at those companies that provide services in the cloud
That to some degree lessen the extreme hardware requirements inherent in blockchain. The President of China heralded one such company that might make this type
of thing possible, Xunlei. On Friday when the company was mentioned , it’s shares jumped 100 percent. I expect further growth and it’s a great time to roll the dice with blockchain, with this company that is working on algorithms that speed up the process of cloud based computing.
Sale!!!
BABA acquired at 600x170 = 102,000
400x177.4= 70,960
Total= 172,960
BABA sold at 178.50x 1000= 178,500
GAIN $ 5,540
Reasoning - there is soft resistance at the 178 level,
This sale was to lock in the gains although I expect the shares could rise up to the harder resistance 180 range within this week.
Purchase:
XNet @ 1000 x 5.86 = $5,860
Therefore it might be wise to look at those companies that provide services in the cloud
That to some degree lessen the extreme hardware requirements inherent in blockchain. The President of China heralded one such company that might make this type
of thing possible, Xunlei. On Friday when the company was mentioned , it’s shares jumped 100 percent. I expect further growth and it’s a great time to roll the dice with blockchain, with this company that is working on algorithms that speed up the process of cloud based computing.
Sale!!!
BABA acquired at 600x170 = 102,000
400x177.4= 70,960
Total= 172,960
BABA sold at 178.50x 1000= 178,500
GAIN $ 5,540
Reasoning - there is soft resistance at the 178 level,
This sale was to lock in the gains although I expect the shares could rise up to the harder resistance 180 range within this week.
Purchase:
XNet @ 1000 x 5.86 = $5,860
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