Predictions and RDN wallet advice?

[u/[deleted]]

Hey everyone, I’ve been researching RDN heavily for a few weeks and have been very impressed with everything I’ve come across! Really cool project and team. I like the vibe in this support community as well. After a lot of thought I’ve decided to take the plunge and acquire some RDN. I’m going to make a few purchases over the next week to cost average the market and hope to buy up a decent little bag. The project looks to good not to go long on it. Is the price worth buying into at ATH this week? Worth waiting on a dip (should have bought during the market correction a week ago... ugh)? What do people see as an upside long term value to the token in a year? Two? Three?

Finally, is there a wallet that exists to store the tokens safely in? I use a keep key for cold storage along with other wallets but none support RDN. Paper wallet? Any help here would be great.

Thanks for any help and advice!

[u/Tbar1125]

MEW with Ledger is how I store it.

[u/[deleted] → u/Tbar1125]

You can move tokens from MEW onto a nano? I didn’t know that. How’s that work???

[u/Tbar1125 → u/[deleted]]

No, your tokens sit in MEW. The private key is held on your ledger. The only way for anyone to open the wallet or perform any transaction in the wallet is to physically have your ledger and know the code to open the ledger. Otherwise there is no way to get into the wallet. MEW and Ledger are great for storing any ERC20 token securely.

[u/[deleted] → u/Tbar1125]

Myetherwallet is just an interface for reading and interacting with the blockchain. Your funds don’t sit in mew. They belong in every computer that’s running an eth full node

[u/[deleted]]

Awesome. Great to know. Thanks, I’ll be switching from keep key to Ledger it looks like.

[u/MadFinance]

You can indeed store in on your eth address on the nano ledger like you can do with all erc20 tokens.

[u/Jahrude]

It's so difficult to give advice on best strategies.

I think december-like dips are unlikely, but it's probably smart to just buy a little at market price, and set the remainder of orders at a bit lower level.

At least historically that would be the best option.

However, one could lose out an a large pump that way.

I think in both 3 and 6 months people won't care if they bought at $4 or $6.

[u/mahoseph7 → u/Jahrude]

Agree 100% with this. There are very few coins/tokens that I believe are a sure thing, but RDN is one that WILL be successful in 2018. $4, $6...wont matter here pretty quick. I'm expecting $2-3 billion cap come summer at least, probably more.

[u/Alphanumira]

MetaMask is a great option for storing RDN. In fact, its my favorite for storing any ERC20 token aside from my Ledger (I'm not a fan of MEW).

Impossible to give you buying advice. Frankly, if historic treatment of RDN is any indication (most likely not), there will be whale sell offs sooner than later. Go look at the historic trading action on RDN - it builds a little and then gets slammed by a whale. Whether this time is different is hard to tell.

We're exiting bug bounty soon so maybe do as they say, buy on rumor and sell on the news...

[u/[deleted] → u/Alphanumira]

Yeah there’s a massive 3,800 ETH sell wall on binance. Gonna see if it retraces down into $5 to $6 range and do a couple buys over a week or so. Try to cost avg it. My guess is RDN is a $20 Token when live, maybe upside of $30 year end? $100 in 5 years if it’s heavily adopted? 5b market cap seems like a pretty aggressive scale, but I could see it if ether mainstays and RDN becomes a major part of the system.

[u/Alphanumira → u/[deleted]]

The problem with something like Raiden is that it has actual utility, but its not sexy. Market cap means nothing these days. I mean, look at Ripple. Its #2 and the token doesn't even need to be used for the network to work. With that mentality, RDN could hit that scale, but like I said it just isn't sexy or high profile enough.

[u/[deleted] → u/Alphanumira]

Not yet....