Part 2 of 2 - Unfortunately this is not a “The Real Chaincoin Story” scoop. Just a stroll though the cryptocurrency forest picking up Chaincoin along my journey.

Part 1 - Personal Chaincoin Journey

Chaincoin On Life Support

It’s now late August and Chaincoin is still sinking and few members of the official Chaincoin team move on, leaving a single technical support resource (suprnurd) to continue to provide Chaincoin technical help. This gentleman was the life support machine keeping things ticking over while many others in the community had decide to sell-up and lick their wounds in private solace.

Chaincoin price is now below £0.40. Should I try and capitalise on the dips and lower my break even point? It’s done, hopefully I have not thrown more money at a dying coin. What the **** - it’s at a new low of £0.30!!

Well into September and CHC looks to be stabilising. Switched my attention the to other masternode coins. What’s this I am seeing, one of the coins has a pattern…..promises of vapourware! These jokers where announcing new software, but each time were only delivering excuses. Aargh, why me?!? Deafening silence!! By now my wife’s had enough of the negative news. A feeling of failure starts creeping up on me. Like a horror movie, I start heading to the darkest room in the house where the holy Blockfolio app is calling my name. I pick up my mobile…..well I’ll be damned…... those “boring” major coins in my portfolio were actually keeping my portfolio in positive territory, giving my portfolio a stay of execution being 30% in profit. In the aftermath of chaos, order was forming with a few banding together to take the rains to help the Chaincoin community heal and to agree a way forward.

The next few months were challenging for those who took up the mantle to spearhead CHC change. Some very frank discussions needed to be had, to re-educate ourselves on what was Chaincoin's value proposition. We were learning from each other. It was beautiful to see the official Chaincoin slack morph, from a largely toxic environment to a place of immensely valued debates/discussions. Unfortunately there are still a few users who were still hell-bent on causing drama, but this was now no longer a breading ground for that behaviour. Then there was the damn Slack bot issue, where the Chaincoin slack was being regularly spammed, which prompted in an official move to Discord. It turned out to be a very good move, evolving into a cool community of mixed valuable talents. We still have heated debates but, I believe we are more likely to come to an amicable agreement/disagreement without any personal attacks.

The community voted on changes that are currently being developed, which will give us the governance foundation that we need in order to encourage greater community involvement to help shape the future ChainCoin. This involved having the ability to make proposals (software/marketing/processes), vote on these proposals, and those working on these proposals will receive payment for their effort. Nice!

Rebuilding

There will always be those who are compelled, like an addict, to always voice there opinion in an uncensored and often vile manner especially when they are not asked for it. There will always be those who feel “..CHC is a scam!” or those who feel “..the monumental dumping was caused by weak hands” and many who are somewhere in-between.
I urge those that think the coin is a scam to log into the official Chaincoin discord and quietly poke around the channels for a week and see if this validates their decision. You may remain unmoved but, I think it’ll be an unlikely outcome. I just feel that airing opinions without any research is extremely lazy and is actually spreading non-validated statements as fact/truth. I still listen to some of the You Tubers that helped in pumping the coin, as they are still as entertaining now as the were then. Why? Well, I have seen each of them admit, in their own way, to their shortcomings during the meteoric rise and dump of Chaincoin. I now listen to more online content that included credible use of technical analysis tools and have a balanced appraisal of any topic covered.

Is this going to be a Hollywood ending for Chaincoin? Well, as Chaincoin’s price continues along its gradual upward trend I am sure there are still many who are waiting to sell-out with a small profit or at least break-even. Though I do believe there will be fresh investors along with those who were always in it for the long term. Well it’s currently not a bed of roses, as there are some interesting challenges that face us early in 2018, namely the delicate balancing act of the needs/requirements of the minors, masternode owners, development fund and the changes that have been voted for. I am filled with confidence for the immediate future of Chaincoin in 2018, due to the willingness from some talented individuals that have and are giving an immense amount of their time and expertise to the Chaincoin community. Beyond 2018 I am not certain, as the long term future depends on some key decisions due to be made during the 1st half of 2018.

Don’t Make the Same Mistake Twice – Make New Ones

About 3 weeks ago I thought setting some new financial goals for 2018. Then realised I had no goals for my cryptocurrency investing/speculating. I took out my pen and started writing down some measurable goals and objectives. While writing it I began to see where I had been going wrong! For a moment I felt enlightened. Woohoo, I now feel I have some super insight….until I re-read the whole document a few hours later. Most of the text looked like stuff I would tell my children about the how to conduct themselves when investing in stock and shares. Shit, I felt so stupid! I was not practising what I preached. I recalled coming down hard on my youngest kid for calling her sister a hypocrite, but now it dawns on me that I could easily wear that title.

Enough of the self-reflection, here’s what I have learned on my cryptocurrency:

• Only you will have your best interests at heart
• Only invest what you are prepared to lose
• Do your own research
• Don't invest in anything you do not understand
• Don’t be afraid to take some profit
• Try to build a diversified portfolio of coins
• Take breaks from cryptocurrency trading/investing and spend time with those you love or who love you.
• It should be one of a few asset classes in your investment portfolio. i.e. savings, stocks/shares, bonds, etc.
• Try and and have fun on your cryptocurrency journey.

It’s been a journey, from being 7x up in the good times to being 85% down in the dreadful times, to being a more realistic 50% in the green. Though still at a loss in Blockfolio when viewed in terms of BTC rather than price. No worries, CHC for me is a “buy and hold” investment reviewing at 6-monthly intervals to decide on whether CHC is a buy/hold/sell.

I am hoping my cryptocurrency journey leads to an eventful change in the later half of 2018 in terms of employment. I am now enrolled on another self paced blockchain course to learn about IBM’s Chaincoin technology. Yeah-yeah I hear y'all purists but, I need to learn about various blockchain tech to widen my chances of landing a job within this space in the later part of 2018.

Part 1 - Personal Chaincoin Journey