Topic: DAO Fail!! Sell or hodl? (Read 3385 times)

Quote from: RastoMan on July 09, 2016, 08:01:23 AM

So I have invested BIG in DAO and got slapped in the face with yesterday's DAO Attack.

What is the best move to do now??

1) Sell all my DAO with 50% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

Is there any chance that DAO might actually hold value again? Or was this the death sentence and getting out is the ONLY way.

Would appreciate some input asap.

PS: I noticed a lot of BUY action for DAO in Poloniex exchange and that is confusing me more and making me double think b4 selling.

maybe just hold your DAO for atm? or if you really scared DAO price would down again, you can sell atleast 50% from all your DAO

DAO will be recovered by the hard fork. So there is no need to worry about that. Just hold and convert back to Ethereurm.

The DAO price is 0.9% of the Ethereum price now. It indicates the DAO holders believe they will recover the funds.

The DAO price is 0.93% now. So it seems that the hard fork is almost certain to happen. that is interesting.

Washika

sr. member

Activity: 332

Merit: 250

Quote from: devondad93 on July 08, 2016, 08:10:42 AM

Quote from: devondad93 on July 08, 2016, 08:10:42 AM

So I have invested BIG in DAO and got slapped in the face with yesterday's DAO Attack.

What is the best move to do now??

1) Sell all my DAO with 50% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

Is there any chance that DAO might actually hold value again? Or was this the death sentence and getting out is the ONLY way.

Would appreciate some input asap.

PS: I noticed a lot of BUY action for DAO in Poloniex exchange and that is confusing me more and making me double think b4 selling.

maybe just hold your DAO for atm? or if you really scared DAO price would down again, you can sell atleast 50% from all your DAO

DAO will be recovered by the hard fork. So there is no need to worry about that. Just hold and convert back to Ethereurm.

The DAO price is 0.9% of the Ethereum price now. It indicates the DAO holders believe they will recover the funds.

RastoMan

sr. member

Activity: 294

Merit: 250

So I have invested BIG in DAO and got slapped in the face with yesterday's DAO Attack.

What is the best move to do now??

1) Sell all my DAO with 50% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

Is there any chance that DAO might actually hold value again? Or was this the death sentence and getting out is the ONLY way.

Would appreciate some input asap.

PS: I noticed a lot of BUY action for DAO in Poloniex exchange and that is confusing me more and making me double think b4 selling.

maybe just hold your DAO for atm? or if you really scared DAO price would down again, you can sell atleast 50% from all your DAO

DAO will be recovered by the hard fork. So there is no need to worry about that. Just hold and convert back to Ethereurm.

devondad93

newbie

Activity: 52

Merit: 0

Quote from: Tacalt on July 08, 2016, 05:35:52 AM

So I have invested BIG in DAO and got slapped in the face with yesterday's DAO Attack.

What is the best move to do now??

1) Sell all my DAO with 50% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

Is there any chance that DAO might actually hold value again? Or was this the death sentence and getting out is the ONLY way.

Would appreciate some input asap.

PS: I noticed a lot of BUY action for DAO in Poloniex exchange and that is confusing me more and making me double think b4 selling.

maybe just hold your DAO for atm? or if you really scared DAO price would down again, you can sell atleast 50% from all your DAO

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: bbc.reporter on July 07, 2016, 03:23:22 AM

Quote from: Azael on June 30, 2016, 11:36:07 AM

Quote from: HellSpawn. on July 08, 2016, 06:39:47 AM

The Ethereum price is surprising high at the moment. I think there is a chance that these 3.6 million eth will not be dumped to the market.

Yes, it is surprisingly high. Denial? Or is the ETH community an odd bunch (relative to us) who see a hardfork as a strength?

I don't think people have a major problem with it considering it's early stages and experimental technology. People want their money back simple as that.

Also think about incentive for Ethereum and Dao holders.

Yes but who will take them seriously if Ethereum is mired with a roll back in its transactions? I have heard that banks and big companies hire crypto devs as consultants. What would their opinion of Ethereum be if it went thru a hard fork? I'm guessing it's not good.

If the law enforcer can catch the thief who stole the 3.6 million Ethereum, there is no need to hard fork.

That's "if". But we know that's not happening. And in the first place the DAO should have been hack proof the very moment it was set up. It is holding a lot of money and security should be of the utmost importance. They failed in that regard and that's very sad to see.

deadpoolx

hero member

Activity: 560

Merit: 500

Flawed project, there are better investments out there.

GreenBits

legendary

Activity: 1148

Merit: 1048

I sold Everything! Angry

Exactly, and this is what we think will happen en masse as soon as everything is forked. As soon as people get their coins/value back, the majority of folks are most likely going to USD or btc. Consequently, the price is gonna tank again, but most likely without that odd 'I refuse to die' hovering price action this time.

HellSpawn.

member

Activity: 67

Merit: 10

I sold Everything! Angry

Tacalt

sr. member

Activity: 294

Merit: 250

Quote from: bbc.reporter on July 07, 2016, 03:23:22 AM

Quote from: Azael on June 30, 2016, 11:36:07 AM

Quote from: Azael on June 30, 2016, 11:36:07 AM

The Ethereum price is surprising high at the moment. I think there is a chance that these 3.6 million eth will not be dumped to the market.

Yes, it is surprisingly high. Denial? Or is the ETH community an odd bunch (relative to us) who see a hardfork as a strength?

I don't think people have a major problem with it considering it's early stages and experimental technology. People want their money back simple as that.

Also think about incentive for Ethereum and Dao holders.

Yes but who will take them seriously if Ethereum is mired with a roll back in its transactions? I have heard that banks and big companies hire crypto devs as consultants. What would their opinion of Ethereum be if it went thru a hard fork? I'm guessing it's not good.

If the law enforcer can catch the thief who stole the 3.6 million Ethereum, there is no need to hard fork.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

The Ethereum price is surprising high at the moment. I think there is a chance that these 3.6 million eth will not be dumped to the market.

Yes, it is surprisingly high. Denial? Or is the ETH community an odd bunch (relative to us) who see a hardfork as a strength?

I don't think people have a major problem with it considering it's early stages and experimental technology. People want their money back simple as that.

Also think about incentive for Ethereum and Dao holders.

Yes but who will take them seriously if Ethereum is mired with a roll back in its transactions? I have heard that banks and big companies hire crypto devs as consultants. What would their opinion of Ethereum be if it went thru a hard fork? I'm guessing it's not good.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: Washika on July 05, 2016, 03:22:58 PM

The Ethereum price is surprising high at the moment. I think there is a chance that these 3.6 million eth will not be dumped to the market.

Yes, it is surprisingly high. Denial? Or is the ETH community an odd bunch (relative to us) who see a hardfork as a strength?

When you have a lot of money hanging in the balance, you will believe anything as long as you get it back. In all honesty I want to see what will happen after the hard fork if they decide to do that.

Tacalt

sr. member

Activity: 294

Merit: 250

Quote from: Fordsmith on July 05, 2016, 01:48:20 PM

already sold my DAO without profits but I have set buy order with lower price Wink

I did the same to the Etheruem. I sold my Etheruem at 0.02, I set a buy order at 0.018. I bought at 0.018, but the price is 0.014 now.

If you buy at 0.014, the price is 0.016 now, you might have made some profits. But we cannot predict the market.

Washika

sr. member

Activity: 332

Merit: 250

Quote from: Fordsmith on July 05, 2016, 01:48:20 PM

already sold my DAO without profits but I have set buy order with lower price Wink

I did the same to the Etheruem. I sold my Etheruem at 0.02, I set a buy order at 0.018. I bought at 0.018, but the price is 0.014 now.

Fordsmith

member

Activity: 60

Merit: 10

already sold my DAO without profits but I have set buy order with lower price Wink

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: BitUsher on July 04, 2016, 01:24:05 PM

https://www.coingecko.com/buzz/dao-disaster-differing-philosophies-bitcoin-ethereum

From the article, I can find some bitcoin developers want the Ethereum to fail. They are afraid of the Ethereum.

BitUsher

legendary

Activity: 994

Merit: 1035

https://www.coingecko.com/buzz/dao-disaster-differing-philosophies-bitcoin-ethereum

Kewatia

sr. member

Activity: 299

Merit: 250

Quote from: BellaBitBit on July 04, 2016, 11:44:05 AM

I have no idea what to say to do. I am going to hold some for the novelty. Even if this DAO is dead others will build upon this concept.

You cannot hold DAO in a few months. I heard the DAO will be dissolved and the Ethereum will be returned.

BellaBitBit

hero member

Activity: 756

Merit: 500

I have no idea what to say to do. I am going to hold some for the novelty. Even if this DAO is dead others will build upon this concept.

bitcoinsideronline

newbie

Activity: 1

Merit: 0

If you hold daos you may need to hold for years

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: GreenBits on July 02, 2016, 12:12:17 PM