20190210-Update from the Cobra - BCH n LTC

Jsnip4 ( I got the update from The Cobra):

Very long conversation I had with him. I'm going to have to play back the conversion and take notes on the important things he told me. Too much to recall all at once. If anything worthy of posting here comes up that I didn't remember, I'll edit this post. Some things I won't be able to repeat but the stuff you want to know I can tell so that is good. He got into detail about the hows and whys the crypto market and certain coins (BCH) will do what they think. He is 97% into BCH (Bitcoin Cash) as of very recently and most of the conversation was why he and his guy were so sure. I am convinced after talking to him 100%. I asked him on a scale of 1 to 10 if he felt that confident because it sounded like it was a 10 out of 10 and he said yes.

One of the first things he said was Joe if you want a HODL coin that will do a minimum of 10x to possibly 20x within the next year to maybe year and a half then just put most of your holdings into BCH. I asked again and he said 97% of his holdings was in BCH right now. A small amount was in LTC and a small amount in ETH. The reason it is 10x to 20x depends upon which companies he told me about would complete their testing with BCH and would start using it. So he said for example, near the end of 2019 if the entire crypto market tanked to zero, he said BCH would be worst case nearly $300. In a normal world which he thinks will be the case it should be $1,000 or so. He then went on to explain why (too much detail) but I understood why after he was done telling me. He does not think the market will tank at the end of the year, he was just making a point that BCH would be standing strong.

I'm going to tell you some LARGE companies you know the names of will be using BCH. He named a few of them and then told me even more would be using BCH as well later on. These companies were doing testing and have been for a little while now and BCH's network has been performing the best. The next closest competitor blockchain was 4 times slower with whatever their test was. Not only are they going to use BCH as the money transaction crypto for their needs, they will be using other blockchains such as ETH (he specifically named ETH) for transaction/ledger reasons.   By the way, he said those companies testing on the LTC network said it was terrible. I didn't want to hear that because I love LTC but it is what is it.

Even as a tech guy I was a little confused on this part but he is not a tech guy so maybe the way he explained it is why it was a bit confusing but I got what he was saying. It would be like me buying something from you in BCH but doing a secondary transaction on the ETH network for some kind of specific ledger purposes. Maybe ETH has some storage of more text or info such as what the transaction was about? Not sure but that was how he explained it.

So I asked if he had a time-frame and price point for the BCH move and he said mid to late next week. He said most likely $138-$141 for BCH. He said after that, the dump is incoming. He did not say the next day or the next week but he said a rally was coming around the end of the month or possible real early March so the dump has to be soon after in my opinion. They don't know how much other than at least 15% for the crypto market for the dump. He said, after that he was going to get right back into BCH and HODL until the next move.

I asked about the LTC price when this dump happens and he said he could not accurately tell me and explained that with the 30% LTC pump the other day based on nothing they felt their model might not get the bottom right when the dump happens. I said, but wasn't it Facebook buying the cryptos and he said yes but LTC should not have seen a 30% move when everything else was 8-15%. He said FOMO really kicked in with Litecoin. So I said it is possible that it dumps just as hard since it went up so much and he said it is possible but their data tool didn't and can't factor that in so they basically didn't want to give an estimate.

He said, take the cash or stable coin you got with the LTC money when you sold and dump it into BCH. Then sell on the rise next week. Then when this dump comes, again at least 15% drop they think, get back in but he is getting right back into 97% BCH.

He told me on a very conservative side which he always takes, 10x by the end of this year as long as 2 or 3 of those companies actually start using BCH and he thinks they will. His guy, Cobra Commander felt $2,300 BCH would be more likely based on what he knows. That is where the 20x comes in. He felt absolute worst case would be Q1 or Q2 of 2020 for all of those companies to be using BCH and seeing those prices. He was quite convinced we would see at least $1000-$1200 BCH by the end of this year. He kept going back to that thought a few times. I didn't know if he was trying to give me a hint or just kept going back to it in the conversation for some reason.