Topic: [Curve DAO Token] Be careful with this project lost ~0.17BTC ~ $2000 trading it. (Read 417 times)
August 17, 2020, 08:16:46 AM
Maybe it is a good time to get it now.
August 19, 2020, 10:21:09 PM
Look at the supply details. That alone is a HUGE redflag. It was pumped up by the promoters as soon as its listed hoping some suckers will buy it. Use standard approach like a discord channel and then sell some coins.
Ciruculating supply is under 10m of overall premined coin supply of 1.3B !!!. Total supply is 3 Billion. This is definitely playing with fire. stay away from coins like this.
Ciruculating supply is under 10m of overall premined coin supply of 1.3B !!!. Total supply is 3 Billion. This is definitely playing with fire. stay away from coins like this.
August 17, 2020, 07:23:59 AM
I guess so many people didn't aware of if the dev is still holding its premined coin and it's not yet dumped to the market. Some people have bought CRV for $50 each. So many people have been suffering a huge loss on this scam coin. i didn't know why binance was listing this crap coin on its exchange site.
CRV is not a crap and scam coin. Do you think Binance easily accept a new released, scam and crap coin on their exchange? If they do so, it will destroy their reputation. Look, not only Binance but many other big and old exchanges listed CRV on theirs, Poloniex, OKEx, etc.Who bought and took profit in minutes after the coin listed on exchanges, I don't know and don't care but now when the price dump x times from the highest price after listing, is it time for you to buy it? Think of it, and think twice before you invest.
August 17, 2020, 03:00:42 AM
The dump isn't slowing down anytime soon so don't be in a rush to buy into the project as there'll be around 2million tokens coming into the market daily (~766k or so but can't get my head around the number as I'm in pain). Don't get me wrong though, I'm not trying to point fingers here towards the authenticity of the project since I believe my mistakes cause me this lost.
In my years of trading this has to be my biggest lost so far so just thought it'll be right if I caution others before they make the same mistakes. Judging from what I'm seeing it seems I'm quite lucky I didn't get in at the ATH around $50 those who bought then most be feeling more stupid than I am right now. $CRV is currently trading around $6.5 with around -50% lost in 24hrs but this shouldn't cloud your judgment more decline is likely to occur.
$CRV just stole all my $ETH profit 😭😭, just have to exit the market to short my loss.
Stay safe guys don't invest more than you'll be ok losing, you'll be better off holding bitcoin (Personally I'm sating you should too).
In my years of trading this has to be my biggest lost so far so just thought it'll be right if I caution others before they make the same mistakes. Judging from what I'm seeing it seems I'm quite lucky I didn't get in at the ATH around $50 those who bought then most be feeling more stupid than I am right now. $CRV is currently trading around $6.5 with around -50% lost in 24hrs but this shouldn't cloud your judgment more decline is likely to occur.
$CRV just stole all my $ETH profit 😭😭, just have to exit the market to short my loss.
Stay safe guys don't invest more than you'll be ok losing, you'll be better off holding bitcoin (Personally I'm sating you should too).
I think this is gonna be seen across several defi projects that are popping up low circulating supply now. When they start releasing the locked supply this is inevitable. Be very careful
August 16, 2020, 11:00:42 PM
Tbh you are better off farming these tokens by being lp than buying them.
August 16, 2020, 10:52:42 PM
It's something that most new traders and those who are still in the learning process needs to understand.
There are things that influenced market movement coming from each projects that being offered around, and basing from your
statement this particular downfall is not yet over and giving signs to those who are interested to invest is a very good contributions
to alarm them up before placing their respective entries. It's very important to invest only the money that you are willing to spare.
There are things that influenced market movement coming from each projects that being offered around, and basing from your
statement this particular downfall is not yet over and giving signs to those who are interested to invest is a very good contributions
to alarm them up before placing their respective entries. It's very important to invest only the money that you are willing to spare.
August 16, 2020, 10:26:57 PM
$CRV just stole all my $ETH profit 😭😭, just have to exit the market to short my loss.
Sorry to hear what happened to this mate. In my experience I have huge loss on paper value but since I cant accept it. I hold it instead of cutting loss since the project is a good and has solid grounds. After few months most likely it got recovered and earned profits. Im not saying you did mistake but its wiser to cut loss. I supposed you are day trading right? Sometime rekt happened all the time on some new project and knowing yam governance with same concept with curve everything is possible.Sorry boss for your loss and thanks for warning us.
August 16, 2020, 07:44:38 PM
Ouch! That's some huge amount of money in my country (you know this). Sorry for your loss. I know this will further reinforce your hatred for altcoins not unreliable. Thanks for alerting the entire community here about this token. As a rule of thumb for me, I always check the total supply of any token before buying it and I wouldn't buy a token like Curve DAO above $0.50 because its total supply is in billions — 3billion plus. That's huge, really. It's even a wonder it went to ATH of $54.01, just four days ago. Whatever that pumped it must've been on steroid. Anyway, I will keep an eye on it and who knows I might be able to get in around my target price (or less) if the project doesn't turn an exit scam then.
August 16, 2020, 03:34:45 PM
That's really a huge loss and only you will understand how you feels now but as a trader there is always other good coins that will bring about good profits. Also, something got my attention, 2 million tokens coming into the market daily looks like a deliberate act to me from a group of people could be the team or otherwise and hence not good buying this token for whatsoever reason because when they are done the price might be so discouraging that it will push away potential investors.
August 16, 2020, 12:00:30 PM
that is what is called the risk of trading in altcoins that are not too voluminous, they are the founders of the altcoin that sometimes manipulate prices so that investors buy them even though it is their strategy to trigger other traders to enter, so it's better to trade in clear altcoins like ethereum, XLM, XRP and others that have a good reputation and really have a useful project.
August 16, 2020, 11:53:11 AM
From the picture you have up in your first post, it shows you bought at above $10 per coin, am I right? And your selling price was less than $7. It is a huge loss looking at the quantity you bought. It is a pity. I hope you recover your loss from other trades soon. Sad, but this is one of the bad sides of trading.
August 16, 2020, 11:38:44 AM
Very good one
August 16, 2020, 11:31:07 AM
Its stil the first 3 days of its trading though, I guess there will really be a big dump, it normally happen but I don't see this CRV token to be really risky in times where the market is getting good. But sionce you already have exited, you may wanna buy back when you think its hitting the bottom.
We can't set up forecast yet since its not listed on tradingview yet
August 16, 2020, 11:15:27 AM
Latest dip, it stopped nearly 7400, I will wait it next one or two hours and enter with price from 6400 to 6600 or 6700, as planned. If I succeed to enter, I won't sell it below 10200 (unit is satoshis, not $)
It dipped to 6388 and bounced back to 7488 (it happened in 15 minutes), means 17% of profits if you bought it and sold it at bottom and peak. It is a story for thing happened and life is not easy as that. Emotion is difficult to control when people are on real trades. August 15, 2020, 11:29:00 AM
Are you a short term trader or long term trader? I don't think it's wise to sell off so quick, all I noticed is so many coins dipped for days now and not only curve. Am holding some and I feel it will still go back up in profit. Trading cryptocurrency is risky tho and more patients need to to implemented.
August 15, 2020, 09:04:36 AM
It is not good price and time to make another entry. Wait for next 30 to 45 minutes and enter it again from 6400 to 6600 and take profit more than 10000.
Latest dip, it stopped nearly 7400, I will wait it next one or two hours and enter with price from 6400 to 6600 or 6700, as planned. If I succeed to enter, I won't sell it below 10200 (unit is satoshis, not $) August 15, 2020, 09:00:33 AM
Analysing from the coinmarketcap.com website, the coin is havig a otal of 1.3 billion tokens in total supply but just below a half a million in circulating supply. That informs me on the need for the price appreciation and also scarcity of the coin is a factor. My suggestion is that the deflation in price of the coin must have come from a new and people did not get that information on time and that is dangerous enough
August 15, 2020, 08:48:39 AM
exchanges are looking for which coin can pay more to be listed, they do not care about the project itself
Partly I agree with you. They always declare that they only lost coin that has a working product especially binance but right now, They are disregarding there own standard just to gain profit on this DeFi hype. Too many same concept project are starting like DEX then they can be easily listed coming from nowhere.
Security token and other old token are starting to fade away because of this temporary DeFi crazed. I hope no one will be badly in loss by investing on this very risky projects.
August 15, 2020, 08:48:03 AM
Making right decision on right time on trading are always a hard job. We need to have a strategy to limit our profit and loss. Being too greedy or too optimistic would hurt. It's frustrating to see that the coin rises much higher after you sell but the pain is smaller than seeing it go trash. And for grid traders, don't venture anywhere away from most popular coins to be specific bitcoin and ethereum.
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August 15, 2020, 08:46:11 AM
You choose a bad entry and exit too soon. It rallied to 9460 and the price is 8422 now. If you hold it and did not exit too soon, you did not lose money. Afford your lose to avoid lose money. I bought it at 7000 and took profit at 8500. 21% profit , easy money.
It is not good price and time to make another entry. Wait for next 30 to 45 minutes and enter it again from 6400 to 6600 and take profit more than 10000.
It is not good price and time to make another entry. Wait for next 30 to 45 minutes and enter it again from 6400 to 6600 and take profit more than 10000.
True, guess I panicked and exited the market too early as I'm beginning to see if I have waited a little longer I would had minimize my lost assuming I still decide to exit the market. Currently price is ~$9 while I exited at ~$6.5. I'm trying not the calculate in satoshi as it pain me more seeing my bitcoin getting rekted.
Probably I will keep monitoring the market to see if I can recover some losses and luckily make some profit but that would be very challenging knowing another massive supply will be entering the market by tomorrow. I'll keep the thread updated with my journey of recovering this lost because I know I would either with the same project or other projects, only time will tell.
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