DAO Fail!! Sell or hodl? - page 3. | Bitcointalksearch.org

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: iamnotback on June 21, 2016, 01:26:36 PM

Quote from: yelllowsin on June 21, 2016, 01:21:04 PM

Quote from: X-ray on June 21, 2016, 10:10:43 AM

Sell all of your DAO, DAO is now near to death and it is about the time if i were you i would rather losing 50% of my trading money,than waiting the coin turn into dust.

edit: well seems the condition now reversed,better hold your DAO now cuz it's rising and ethereum too

ha ha

Licked-finger-in-the-air "investing":

I saw the pictures many times before. Every time I see it, I will laugh. It is happening to the bitcoin and Ethereum at the moment.

razen489

full member

Activity: 196

Merit: 100

the dip but still good support Roll Eyes

https://www.coingecko.com/en/price_charts/dao/btc
https://www.coingecko.com/en/price_charts/ethereum/btc

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: yelllowsin on June 21, 2016, 01:21:04 PM

Quote from: X-ray on June 21, 2016, 10:10:43 AM

Sell all of your DAO, DAO is now near to death and it is about the time if i were you i would rather losing 50% of my trading money,than waiting the coin turn into dust.

edit: well seems the condition now reversed,better hold your DAO now cuz it's rising and ethereum too

ha ha

Licked-finger-in-the-air "investing":

yelllowsin

full member

Activity: 236

Merit: 100

Quote from: X-ray on June 21, 2016, 10:10:43 AM

Quote from: joerazor on June 18, 2016, 07:49:50 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.

Sell all of your DAO, DAO is now near to death and it is about the time if i were you i would rather losing 50% of my trading money,than waiting the coin turn into dust.
edit: well seems the condition now reversed,better hold your DAO now cuz it's rising and ethereum too

ha ha

X-ray

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Activity: 3010

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Leading Crypto Sports Betting & Casino Platform

Quote from: joerazor on June 18, 2016, 07:49:50 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.

Sell all of your DAO, DAO is now near to death and it is about the time if i were you i would rather losing 50% of my trading money,than waiting the coin turn into dust.
edit: well seems the condition now reversed,better hold your DAO now cuz it's rising and ethereum too

BellaBitBit

hero member

Activity: 756

Merit: 500

Not sure what to say for you to do - here is what I am doing...hodling. I am hodling for the mere novelty of the tokens at this point.

Minecache

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Activity: 2184

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Quote from: CryptoBillboard on June 21, 2016, 09:36:02 AM

Quote from: Minecache on June 21, 2016, 09:06:53 AM

Quote from: Tacalt on June 21, 2016, 08:08:56 AM

Quote from: RastoMan on June 21, 2016, 06:37:34 AM

Quote from: a fool and his money ... on June 20, 2016, 06:24:11 AM

Sell out as long as you still can find buyers. Daotoken likely to go zero.

You can easily find buyers at the moment. If there is further drain of the DAO to hackers account, it could go to zero.

The price of both Ethereum and DAO are recovering. It seems people still have confidence in it. but it could also be a dead cat bounce.

Additionally BTC prices are crashing through the floor. Time to sell those BTC bags for ETH.

Its a correction. Do you really feel better about The DAO and the hackers who are exploiting it, or btc when the halving is right around the corner.

So when BTC crashes it's called a 'correction'. When ETH does it's called a 'ZOMG!! ETH IS CRASHING GET OUT NOW!!!!'

laugh2btc

hero member

Activity: 531

Merit: 500

Sell, no doubt!

CryptoBillboard

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Quote from: Minecache on June 21, 2016, 09:06:53 AM

Quote from: Tacalt on June 21, 2016, 08:08:56 AM

Quote from: RastoMan on June 21, 2016, 06:37:34 AM

Quote from: a fool and his money ... on June 20, 2016, 06:24:11 AM

Sell out as long as you still can find buyers. Daotoken likely to go zero.

You can easily find buyers at the moment. If there is further drain of the DAO to hackers account, it could go to zero.

The price of both Ethereum and DAO are recovering. It seems people still have confidence in it. but it could also be a dead cat bounce.

Additionally BTC prices are crashing through the floor. Time to sell those BTC bags for ETH.

Its a correction. Do you really feel better about The DAO and the hackers who are exploiting it, or btc when the halving is right around the corner.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Tacalt on June 21, 2016, 08:08:56 AM

Quote from: RastoMan on June 21, 2016, 06:37:34 AM

Quote from: a fool and his money ... on June 20, 2016, 06:24:11 AM

Sell out as long as you still can find buyers. Daotoken likely to go zero.

You can easily find buyers at the moment. If there is further drain of the DAO to hackers account, it could go to zero.

The price of both Ethereum and DAO are recovering. It seems people still have confidence in it. but it could also be a dead cat bounce.

Additionally BTC prices are crashing through the floor. Time to sell those BTC bags for ETH.

Tacalt

sr. member

Activity: 294

Merit: 250

Quote from: RastoMan on June 21, 2016, 06:37:34 AM

Quote from: a fool and his money ... on June 20, 2016, 06:24:11 AM

Sell out as long as you still can find buyers. Daotoken likely to go zero.

You can easily find buyers at the moment. If there is further drain of the DAO to hackers account, it could go to zero.

The price of both Ethereum and DAO are recovering. It seems people still have confidence in it. but it could also be a dead cat bounce.

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: a fool and his money ... on June 20, 2016, 06:24:11 AM

Sell out as long as you still can find buyers. Daotoken likely to go zero.

You can easily find buyers at the moment. If there is further drain of the DAO to hackers account, it could go to zero.

a fool and his money ...

full member

Activity: 616

Merit: 103

Sell out as long as you still can find buyers. Daotoken likely to go zero.

swan77

newbie

Activity: 44

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I would sell everything because IMO the DAO is finished and ethereum will get dumped further down with dead cat bounces on the way down. Take what you can get back while you can because otherwise you risk losing more money in the long run. I don't know if ethereum is finished as a coin but it's going to continue getting dumped.

RastoMan

sr. member

Activity: 294

Merit: 250

Quote from: freshman777 on June 18, 2016, 10:33:43 AM

Sell and buy back later at 0.5x the price. But better stay away from it if you don't understand how it works and it appears you don't.

For small investors, it is better to stay away for the time being. The situation will get clearer in the next few weeks.

CryR

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kcin obazs

hold? sell everything of DAO.

Washika

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Activity: 332

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Quote from: eastender on June 18, 2016, 10:29:54 AM

Quote from: LoyceV on June 18, 2016, 10:10:01 AM

Quote from: joerazor on June 18, 2016, 07:49:50 AM

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

Rule number one (according to Buffet) in investing: Only invest in things you understand! My guess is nobody understood the DAO, otherwise they would have known the contract simply allowed for Ethereum to be taken out this way. That only leaves greed hoping for a quick profit as a reason to invest.
Basically you are even better off now compared to when you invested: you know more about what you've invested in. If that makes you lose trust, you should get out.

+1, have the same feeling, would sell to limit possible loses...

The DAO is 50% loss at the moment. But it is converted back to Ethereum, you will get 0.01 Ethereum for each DAO, so you do not lose any thing if the Ethereum price is same or higher.

freshman777

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Sell and buy back later at 0.5x the price. But better stay away from it if you don't understand how it works and it appears you don't.

eastender

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Activity: 43

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Quote from: LoyceV on June 18, 2016, 10:10:01 AM

Quote from: joerazor on June 18, 2016, 07:49:50 AM

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

Rule number one (according to Buffet) in investing: Only invest in things you understand! My guess is nobody understood the DAO, otherwise they would have known the contract simply allowed for Ethereum to be taken out this way. That only leaves greed hoping for a quick profit as a reason to invest.
Basically you are even better off now compared to when you invested: you know more about what you've invested in. If that makes you lose trust, you should get out.

+1, have the same feeling, would sell to limit possible loses...

iamnotback

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Activity: 336

Merit: 265

(Checkmate)²

GTFO:

https://bitcointalksearch.org/topic/m.15266162

Quote from: iamnotback on June 10, 2016, 07:53:56 AM

Quote from: benthach on June 10, 2016, 07:48:02 AM

it is hype for scam purpose only

In the case of DAO, Slock.it, and Augur, then that seems to be the case. There is no valid use case which isn't game theory broken for those. Expect The DAO to eventually collapse in a massive clusterfuck of theft and waste with most losing their money. Wise people would get the hell out of The DAO as fast as they can, because the DAO is broken in the sense that you can be jammed from exiting.

Decentralized crowd funding might be viable.

Topic: DAO Fail!! Sell or hodl? - page 3. (Read 3359 times)