Waves - Cut losses or hold and watch again in a year

Claytonjamila

newbie

Activity: 6

Merit: 0

Quote from: Aki4real on July 01, 2016, 06:34:33 AM

So I've FOMO'd a tiny bit of BTC into Waves ICO, after reading their plans it all looked legit and worth a shot.

Now I probably have witnessed the worst communication/PR from any project with more than 1 mill in funding and I'm thinking about cutting my losses.

To be honest, the amount invested isn't that much (about .5% of my total portfolio).

What would you do, hold and wait? Or dump it..

I'm a newbie. Please, I'd like to know how these waves work

rodmanqs

full member

Activity: 280

Merit: 101

Who wants to become rich - buy and hold the waves for at least a year Wink

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: vuduchyld on July 03, 2016, 07:33:31 AM

Hope you didn't sell at 20K sats. The goal is to sell HIGH, not at the lowest possible point.

Sitting at 28K sats right now.

If you're thinking about panic selling, it's always worth considering your exit point.

So it's bouncing back! I'm glad I sold only enough to diversify.

disam

sr. member

Activity: 394

Merit: 250

hodl mode on, waiting for 2017

vuduchyld

sr. member

Activity: 364

Merit: 250

Hope you didn't sell at 20K sats. The goal is to sell HIGH, not at the lowest possible point.

Sitting at 28K sats right now.

If you're thinking about panic selling, it's always worth considering your exit point.

kingorbust

sr. member

Activity: 434

Merit: 250

I've got no intention of selling waves I bought. I can wait for months. Cant imagine that it would not be profitable in the long term, even if it is only 2-3x.
The only thing bothering me is that I could have bought them cheaper than ICO (not that much cheaper though because I bought with USD). I think that is the only issue I have.

BoldNinja

hero member

Activity: 1806

Merit: 515

Quote from: Anarchy101 on July 03, 2016, 03:20:06 AM

I sold 70% of my waves and kept the remaining for future use.

Let's see what the future holds.

I hope you covered your initial investment Wink

Anarchy101

legendary

Activity: 1316

Merit: 1004

I sold 70% of my waves and kept the remaining for future use.

Let's see what the future holds.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Someone from Waves must have seen this thread and decided to pump it. Cheesy

But seriously, it's better to be patient and wait than opening yourself to risk when trading altcoins.

jupiter00000

member

Activity: 111

Merit: 10

http://jupitertheproducer.bandcamp.com

If the marketcap of a coin is $ 14,605,600 and their Dev. cash on hand is $16,436,095 - you've got an undervalued company. Nobody can debate that math.

Honestly, what kind of dork sells their shares when Development is swimming in cash?

This is a classic shakeout fueled by unrealistic expectations and the heavy burden that comes with instant gratification withdrawal symptoms [and highly creative FUD] .

Some clever teenager is sitting in his mom's basement buying up your discount shares with his lunch money. Definitely not me.

Might as well hand me some more for free. Consider it a donation to my artistic pursuits.

1W3P6AGc23hYaNfhE5XqwjBDnGGhDe9Ty1aCN

These guys have as much cash as Ethereum had post-ICO, and even more of a product to show for it already.

There isnt even a node online. We are trading on the FETUS of the Waves blockchain. Just wait until we have Nodes and Staking in a couple weeks.

Smart contracts coming to Waves early 2017.

My vote: HODL

27k

--------

https://wp.stakepool.com/2016/07/03/wavesplatform-will-do-for-stocks-as-bitcoin-did-for-money/

jupiter00000

member

Activity: 111

Merit: 10

http://jupitertheproducer.bandcamp.com

Quote from: Hausi on July 01, 2016, 12:05:29 PM

ive sold all my waves.
maybe i buy when its lower but i dont think so.

What did you sell for?

Its at 26k now.

bits4that

newbie

Activity: 28

Merit: 0

Waves was over bought during the ICO.

May be worth holding in the future, but Waves won't get any attention until it is on more exchanges.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: raphma on July 01, 2016, 11:42:14 AM

sold mine around 25k.
after their fiasco launch, with lots of free waves(not bounty, really free for anyone registering facebook there) to people who didnt invest i was already pissed. then, no buy walls, then money start to disappear without explanation and this week started with the best one... mainnet offline without any announcement.

30k to a bunch of kids who doesnt seem to know how to run a business so im out.

That's a bad idea. A Facebook giveaway can be gamed/cheated for a lot of money. Stellar did this when they launched, and it was cheated for millions of STR by Chinese hackers who utilized the help of click farms and click farm suppliers.

From the article:

Quote

His biggest order, he told me, was for Chinese hackers trying to fleece the digital payment exchange Stellar; he hired every freelance worker he could find, but he was still only able to fulfill a small portion of it.

Source

btctube

hero member

Activity: 700

Merit: 500

i use to think it will work actually and that but after just a week after the release, it seem like the dev team wanna run with all the ico funds. i don't see them have the positive look with thier own project in the future. Grin

dumped all i got and bought BTCs after all its going to be halving. I could profit this halving.

Bitcoinadapt

newbie

Activity: 3

Merit: 0

Quote from: Aki4real on July 01, 2016, 06:34:33 AM

So I've FOMO'd a tiny bit of BTC into Waves ICO, after reading their plans it all looked legit and worth a shot.

Now I probably have witnessed the worst communication/PR from any project with more than 1 mill in funding and I'm thinking about cutting my losses.

To be honest, the amount invested isn't that much (about .5% of my total portfolio).

What would you do, hold and wait? Or dump it..

The motivation for good communication/pr is attract new investors and prevent old ones leaving. There to busy withdrawing ICO address to care about that.
https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

cut your losses fast, let your winners run.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Lol. I have no strong feelings regarding waves, but I know there was a lot of hype and there are tons of people who believe in it. So I think if you bought right now and just held onto it for a year (like OP suggests), you could probably make some decent coin. And by coin, I mean bitcoin, because that's the only one that isn't totally shitty.

bones261

legendary

Activity: 1806

Merit: 1828

Even if they start to develop this into a decentralized exchange, would potential customers really trust the gateway that they set up to convert fiat, BTC and altcoins to tokens on the Wavesplatform? With the way they have been going about things lately, I doubt people are ever going to gain enough trust to actually use the Wavesplatform for exchanges. I'm not sure that I would want to give these people the KYC information they would need to convert fiat to Wave tokens. I don't see any potential for a moon shot with this token, unless the Waves team decides to devote all of their 30000 BTC and 9 million Waves tokens to manipulating the market.

raithe

sr. member

Activity: 332

Merit: 250

@CollinCrypto [GAM]

Quote from: Aki4real on July 01, 2016, 06:34:33 AM

So I've FOMO'd a tiny bit of BTC into Waves ICO, after reading their plans it all looked legit and worth a shot.

Now I probably have witnessed the worst communication/PR from any project with more than 1 mill in funding and I'm thinking about cutting my losses.

To be honest, the amount invested isn't that much (about .5% of my total portfolio).

What would you do, hold and wait? Or dump it..

You're in a tough spot..
https://twitter.com/CollinCrypto/status/748721697587593216

yelllowsin

full member

Activity: 236

Merit: 100

Quote from: Aki4real on July 01, 2016, 06:34:33 AM

So I've FOMO'd a tiny bit of BTC into Waves ICO, after reading their plans it all looked legit and worth a shot.

Now I probably have witnessed the worst communication/PR from any project with more than 1 mill in funding and I'm thinking about cutting my losses.

To be honest, the amount invested isn't that much (about .5% of my total portfolio).

What would you do, hold and wait? Or dump it..

I invested for the long term (at least 1 year). Once full node is released to the public there is a great chance Poloniex will add it to their exchange giving Waves more liquidity in the market. I follow my own strategy because i believe in Waves potential, so i am probably going to buy more coins at these prices. If you are a trader, go on and just trade.

It is because of Waves roadmap that i am on long term with it, specially after LPOS is implemented (lending staking). Good luck for us Cheesy

Topic: Waves - Cut losses or hold and watch again in a year (Read 1784 times)