DAO Fail!! Sell or hodl? - page 4. | Bitcointalksearch.org

LoyceV

legendary

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Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

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.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: joerazor on June 18, 2016, 10:04:34 AM

Quote from: NUFCrichard on June 18, 2016, 10:02:19 AM

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

1) Sell all my DAO with 100% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

How would it be a 100% loss? It would be about a 50% loss at the moment.
I think it is dead, I would sell, but others will disagree.

I personally didn't like the idea of the DAO anyway, even if wasn't hacked. It could rise again, but it is such a gamble right now.

I meant 50% loss.. Thank you for noticing (Fixed in original post)

I guess I will wait and see!

I lean towards ETH is going to $7 or $1:

https://bitcointalksearch.org/topic/m.15265700

Btw, the way The DAO was designed, it was totally useless. I (just recently started to) like the concept of a DAO if it is done right, but no one has yet.

joerazor

member

Activity: 86

Merit: 10

Quote from: NUFCrichard on June 18, 2016, 10:02:19 AM

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

1) Sell all my DAO with 100% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

How would it be a 100% loss? It would be about a 50% loss at the moment.
I think it is dead, I would sell, but others will disagree.

I personally didn't like the idea of the DAO anyway, even if wasn't hacked. It could rise again, but it is such a gamble right now.

I meant 50% loss.. Thank you for noticing (Fixed in original post)

I guess I will wait and see!

NUFCrichard

legendary

Activity: 1218

Merit: 1003

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

1) Sell all my DAO with 100% loss?
2) Hold on my DAO and hoping it could regain its price back in another 26 days.

How would it be a 100% loss? It would be about a 50% loss at the moment.
I think it is dead, I would sell, but others will disagree.

I personally didn't like the idea of the DAO anyway, even if wasn't hacked. It could rise again, but it is such a gamble right now.

joerazor

member

Activity: 86

Merit: 10

Quote from: Spoetnik on June 18, 2016, 09:32:04 AM

hodl ?

uuuuuuuuuuuuuuuuuuuugh gawd Roll Eyes

You are already broke and just don't know it yet.

..whale food Cheesy

Wiggle around all you want my little "hodl" friend but you are doomed.
You all just are not collectively combined as smart as 1 whale.

Crypto: taking morons lunch money since 2009.

Can you even write ONE post without being rude or making the OP feel like a dick??

Seriously, I keep reading on this forum and whenever I see one of your posts, it feels like a fart just exploded out of a penguin's ass!

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

hodl ?

uuuuuuuuuuuuuuuuuuuugh gawd Roll Eyes

You are already broke and just don't know it yet.

..whale food Cheesy

Wiggle around all you want my little "hodl" friend but you are doomed.
You all just are not collectively combined as smart as 1 whale.

Crypto: taking morons lunch money since 2009.

CryR

full member

Activity: 210

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kcin obazs

ROLF Signed message from the ethereum "hacker" http://pastebin.com/CcGUBgDG Eth = best scam ever

joerazor

member

Activity: 86

Merit: 10

Quote from: ATA Group on June 18, 2016, 07:52:59 AM

Probably you didn't lose much due to the BTC rise. Look at the fiat equivalent. Probably you haven't lost anything so far.

Technically speaking, I did not lose due to the massive jump in BTC value!

But from a sole DAO scoped prespective, I would like to know if the best move now is to SELL DAO for BTC/ETH or hold my DAO in hopes that it would gain back its value (If that was even possible).

ATA Group

full member

Activity: 126

Merit: 100

Probably you didn't lose much due to the BTC rise. Look at the fiat equivalent. Probably you haven't lost anything so far.

joerazor

member

Activity: 86

Merit: 10

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.

Topic: DAO Fail!! Sell or hodl? - page 4. (Read 3359 times)