Topic: Alts you had believed in but have given up on now. (Read 99 times)
with cryptocurrency you need to diversify. It is an investment. and so need to do always. I partially sold my portfolio in February and bought it cheaper. a coin that hasn't returned to its mark is VERGE. bought it for 50 Satoshi and have no regrets. At the moment it is also in drawdown and you can buy it
Have you invested in an alt that you really believed in and then ended up getting rid of?
There are two big ones for me:
OMG and IOTA
I imagine there will be some people who will tell me that I am stupid and that I just need to hold them, but I am glad that I sold them off for other things.
For OMG, it was so popular with a huge following last year. I had tracked it's ico (I didn't participate) and it's huge price increase. I researched all about it and was confident that they had something amazing.
...and then...nothing. No development for ages, just nothing. Now, there are so many crypto payment projects that actually work that I believe omg has been left behind and can't catch up, even if it is still technically a top coin.
For IOTA, I was 100% sure it would be the absolute evolution of crypto and become a new standard. Instant, feeless, and scalable.
I ignored all the fud surrounding it and poured a substantial amount of my portfolio into it.
I was a firm believer that in 2 years, IOTA would be IT.
...then, I ran accross Nano, and after using it just once I moved all of my iota to nano. Here was a crypto that was instant, feeless, and (admittedly theoritically) scalable that was already up and running and working like a charm
Any big changes to your portfolios since you started?
There are two big ones for me:
OMG and IOTA
I imagine there will be some people who will tell me that I am stupid and that I just need to hold them, but I am glad that I sold them off for other things.
For OMG, it was so popular with a huge following last year. I had tracked it's ico (I didn't participate) and it's huge price increase. I researched all about it and was confident that they had something amazing.
...and then...nothing. No development for ages, just nothing. Now, there are so many crypto payment projects that actually work that I believe omg has been left behind and can't catch up, even if it is still technically a top coin.
For IOTA, I was 100% sure it would be the absolute evolution of crypto and become a new standard. Instant, feeless, and scalable.
I ignored all the fud surrounding it and poured a substantial amount of my portfolio into it.
I was a firm believer that in 2 years, IOTA would be IT.
...then, I ran accross Nano, and after using it just once I moved all of my iota to nano. Here was a crypto that was instant, feeless, and (admittedly theoritically) scalable that was already up and running and working like a charm
Any big changes to your portfolios since you started?
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