Q/A from Discord 10.25.2020

Sun, 10.25.2020

Below are my responses for a handful of questions members posted on Discord.

1. From tomislavspajic - Hi SL! Could you ask your guides about Yearn Finance Network (YFN), does it have a future? https://yfnetworkdefi.com Regards! 🤓

SL’s response: My guides is not excited about this project. Not sure they have the ability to pull of the mission – they want to provide a protocol to unifies Defi protocol and blockchain infrastructure

2. From El Toro -  Any impression on Pirate Chain, $ARRR, a privacy coin? Here's the Coingecko. https://www.coingecko.com/en/coins/pirate-chain

SL’s response: There’s a chance Pirate chain will be around. Nothing spectacular about this coin. It can go up a bit but it isn’t a long-term hold coin. People could make some money.

3. From Jeremiah  - Hi SL, Can you take a look at foodcoin now rebranded as FCE coin? Currently they have virtually no liquidity, and they are still sending out telegram messages every week. Will this be worth anything in the future? Thanks    

SL’s response: My guides said Foodcoin might not worth anything in the future unless they can obtain financial support from their backers. The energy of the company is lifeless.

4. From Rafael Paris - hello SL, the drop in BTC is not coming, if we significantly break 12500 (nearing), we go straight on and my count in "elliott wave" is false, do you have any idea of what to do or is it a bull trap??? warm regards, Marc paris

SL’s response:  There’s a small chance BTC might still have a correction but it will not be as low as such as 5K. I’ll write a post to provide more details about the correction.

5. From Tippy - Do you think coinbase will be relevant in the future since other major players are entering the market.

SL’s response: I feel Coinbase is still relevant 2-3 years because CB provides an on-ramp for investors. As more players enter the space to offer on-ramp services, then CB’s importance will be diminished over time.

6. From Goddess911 - Hi SL. Tks for answering all previous Qs. I'd like some info on the OKEX saga and its fate. Will the CTO be released to sign off on the frozen assets? Tx

SL’s response: Guides said the process is slow, much slower than Kucoin hacked where they were responsive and quickly resolved the deposit/withdrawal and coins replacement. OKEX isn’t being forthright about their matter – there are lot of secrets behind the curtain. There’s a small possibility OKex will resume to business later, but my guides said it’s slow. It could take weeks.

7. From Joe crypto- If this is a BTC bull trap, is this the big dip we have all been waiting for? And if it is the big dip we are waiting for, among yours must have altcoins which will go down as well and which will go up when BTC dips? If this is not the big dip yet, I would like to ask this question on the big dip.

SL’s response: The big dip that we’ve been waiting for wasn’t the one occurring a few days ago and today's retracement. I’ll write a post to provide more details about the correction.

8. From M.S. M -  Will alts pump short term?

SL’s response: Some coins will do well, but I don’t see we have the alts Season 2.0 like 2017/2018 right now.

9. From Master chief -  hi SL does your guide think iost can go higher than 10$ long term? and what does he say about opacity (opq)? they are a data storage platform like sia and filecoin and about encrypted (dna). thank you

SL’s response: I feel IOST can go higher than $10. My guides haven’t provided that info yet because IOST’s development and adoption have been slower than other projects. So, my guides haven’t provide a higher price prediction until the company achieve some more success. Opacity has an interesting idea; however, the company’s energy is lackluster. The company has a lot of struggles internally (finances, liquidity,  project adoption, etc) and isn’t an ideal company to invest in presently.

10. From Is725i - how is the band doing right now? Any feelings about their price in the near future?

SL’s response: In Aug & Sept, the reason Band pumped was because it got listed on Binance. Traders/investors took their profits so, Band has been dropping. It will take Band awhile to get back to $15.00. The current price is 5.77.

11.  From Serendipity is me - TA speculators on twitter saying the ocean will be over $1 maybe up to $3 imminently? Is this true? 

SL’s response: Ocean will get to $1- $3 I’m not sure about imminently.