420 NEWS: CannabisCoin Goes Low(er)

CannabisCoin Strikes Back…?

More Like CannabisCoin Strikes Out!

Beelzebub.Rocks

What the hell happened…? Seriously…what just happened with CannabisCoin? Not sure what happened (just yet). Maybe we won’t ever know what happened.
But for some, it may never be forgotten — good or bad times.

Screenshot_2019-09-28 CannabisCoin (CANN) Price, Charts, Market Cap, Markets, Exchanges, CANN to USD Calculator $0 003318

It was a like a scene from Jaws.
I should have heard the theme in my subconscious background, but for some reason my common sense wasn’t tuning it in.

If you weren’t expecting it, it’d probably come as a major disappointment. But for some of us, we knew the party wouldn’t last. Unfortunately, the “party trashed the house” and now, some are with even less than before the price spike happened.

You can say it…go ahead.
“It’s Bullshit!”

However, that’s the way the cookie crumbles.

But really, how do feel about investing in a company whose founder/creator prefers to stay anonymous and  goes by a “code-name”? The founder/creator of CannabisCoin goes under three digital names:

  • DeltaNine
  • D9
  • Ty

How’s that for trustworthiness? Notability? Honor?
It could be the reason why we occasionally see price drops like this.
It could be. Anonymity doesn’t help when your goal is to have  legalized marijuana in the United States.
Screenshot_2019-09-29 CannabisCoin (CANN) Price, Charts, Market Cap, Markets, Exchanges, CANN to USD Calculator $0 000966

CannabisCoin isn’t the only marijuana cryptocurrency whose founder/developer/creator lurks in the shadows. PotCoin, who comes out of Canada, is another. Although the PotCoin website states that Joel Yaffe is the founder, a prior Wikipedia page shows that there are three. They go by the nicknames:

  • Hasoshi
  • Mr. Jones
  • Smokemon 514
Screenshot_2019-09-29 PotCoin - Wikipedia

Founders of CannabisCoin and PotCoin obviously feel more comfortable remaining anonymous.

What’s CannabisCoin all about?

  • CannabisCoin is a peer-to-peer cryptocurrency which connects well-trusted, licensed and registered marijuana dispensaries and enables them to sell marijuana in states, counties, cities and towns where it is legal.
  • It was designed to resolve payment problems for the marijuana sellers. Since most financial institutions depend on the federal  government to stay in business they simply, absolutely will not do business with companies who deal with a federally illegal product such as marijuana.

    *IMPORTANT NOTE*
    Hemp is LEGAL in the United States since the 2018 Farm Bill signed by
    President Donald Trump. However, this hasn’t legalized marijuana.

  • The developers had first stated that 1 coin of the CannabisCoin cryptocurrency, called CANN, would be equivalent to 1 gram of cannabis. I don’t believe that’s still the case but it’s pretty gnarly none-the-less.
  • CannabisCoin developers started the very successful movement called “Yes We CANN”. It’s mostly about wherein medical marijuana dispensaries would be able to provide safe, affordable, good quality cannabis at the rate of 1 CANN per gram of cannabis. The marijuana that was sold during the movement was called CANNdy.
  • Unfortunately, CannabisCoin is a Proof-of-Work cryptocurrency, which means it’s slightly flawed. However, being that it’s based on the “BitCoin protocol”, CannabisCoin made a few tweaks of their own to help deal with future problems.
  • CannabisCoin was specifically made to target a group of people who consume marijuana for not only medicinal purposes but recreational enjoyment  as well.
  • CannabisCoin is easy to mine.
  • Cannabis strains grown specifically for CannabisCoin by growers or strains kept aside by growers and merchants for sale during the ” 1 CANN for 1 gram” special. I think another event may be in the future.

donald-trump

The Legalization of Marijuana will eventually come. The United States is missing out on so much ca$h it’s almost ridiculous. The two countries that are above and below the United States (Canada & Mexico) have legalized marijuana (with exceptions, of course), but plans are being made in these two great countries that will soon make the US join the rest of the continent and it will become legalized and regulated much like alcohol is monitored today. The United States will jump on board…eventually.

And it will be glorious!

 

CannabisCoin Strikes Back!

Screenshot_2019-09-28 Cryptocurrency Research Platform Coin Market Capitalizations Top 100 Cryptocurrencies Coinpaprika

In Past 24hrs CannabisCoin Soars past a 200% Increase

CannabisCoin, in short, has been nothing to write about. That is, until recently. CannabisCoin saw a 216% price increase within the past twenty-four hours. It’s not the highest priced marijuana cryptocurrency, in fact, it ranks third with only Paragon and PotCoin doing only slightly better.

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A new financial asset.

Digital assets is where the world is going. No matter who and what anybody tells you, cryptocurrency is here to stay. Central banks and other financial institutions may say something different, but it’s not always what people say that’s important — it’s watching what they do is key.

For Example:
JP Morgan/Chase Bank told its employees that if anyone was caught dealing in cryptocurrencies they would be immediately terminated.
That’s what they said.

However, what did JP Morgan/Chase Bank do?
They started dealing in cryptocurrencies. Not only dealing in cryptocurrencies but starting their own cryptocurrency as well.
Yeah, that happened.

Screenshot_2019-09-28 CannabisCoin (CANN) Price, Charts, Market Cap, Markets, Exchanges, CANN to USD Calculator $0 003322

What does this mean for CannabisCoin holders? Well, it could mean two (2) things IMO.

  1. Cash out. If you made more than your initial investment, or
  2. Hold out. Yeah, the price might go back down (chances are good), but this little rise…and I do mean “little” compared to what’s to come, is just a sign of what CannabisCoin and other marijuana cryptocurrencies are capable of.

Let us not forget. CannabisCoin is still down over 75% for the year. CannabisCoin’s ATH was not that long ago when on December 31, 2017 it hit $0.604913 per token. With that being said, CannabisCoin is close to being 400% up for the month. If this pattern keeps up month to month (meaning, stays in the green) CannabisCoin will be a marijuana cryptocurrency to be reckon with. It could quite possibly beat its ATH record, but don’t hold your breath.

What to expect from CannabisCoin? Brace yourself for a nose-dive in price. This is usually what happens after prices skyrocket suddenly and apparently for NO EXPLANATION. So if you’re going to act…act now.

For me, now is not the time to purchase CannabisCoin if you’re already a BIG time holder. However, if taking risks is what you live for…

Personally, I’m going to wait. If CannabisCoin goes back down I may have to consider purchasing. However, if things stay the way they are, well, I’ll just have to say that “I missed the boat.”

Currently, I’m only invested in PotCoin, but I am in the market for some other marijuana cryptocurrencies as well.