|
Title: Waves - Cut losses or hold and watch again in a year Post by: Aki4real on July 01, 2016, 11:34:33 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.. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: spartak_t on July 01, 2016, 11:38:45 AM 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. I think that WAVES gathered more than $20 million from their ICO. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Aki4real on July 01, 2016, 11:40:16 AM 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. I think that WAVES gathered more than $20 million from their ICO. Yeah, that makes it worse. Any startup with more than 1 mill should have a decent PR strategy, or someone who handles it. Anyway, vote pls ;) Title: Re: Waves - Cut losses or hold and watch again in a year Post by: spartak_t on July 01, 2016, 11:46:05 AM Yeah, that makes it worse. Any startup with more than 1 mill should have a decent PR strategy, or someone who handles it. Anyway, vote pls ;) It will not be fair to give my vote, since I did not really researched WAVES. Why? Because it was everywhere on the forum and I don't like that. What was the ICO price? 32-33k satoshi? EDIT: And how much did you "invested" if its not a problem to share? Title: Re: Waves - Cut losses or hold and watch again in a year Post by: a fool and his money ... on July 01, 2016, 11:49:35 AM next year it's delisted and nobody can remember that.
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Aki4real on July 01, 2016, 12:01:25 PM Yeah, that makes it worse. Any startup with more than 1 mill should have a decent PR strategy, or someone who handles it. Anyway, vote pls ;) It will not be fair to give my vote, since I did not really researched WAVES. Why? Because it was everywhere on the forum and I don't like that. What was the ICO price? 32-33k satoshi? EDIT: And how much did you "invested" if its not a problem to share? I think its close to half the ICO price. I'd rather not talk in straight numbers so I can tell you how much of my total cryptoportfolio I invested: 0,5% :) Title: Re: Waves - Cut losses or hold and watch again in a year Post by: spartak_t on July 01, 2016, 12:16:30 PM I think its close to half the ICO price. I'd rather not talk in straight numbers so I can tell you how much of my total cryptoportfolio I invested: 0,5% :) The way I see it, selling now would mean that you will lose about 30% of your initial "investment". I'm not sure if it is the right thing to do, since WAVES price is now lower than ever. It will take a bit more time for the WAVES team to disappear (if it is a scam), so it's possible the price to have some rebounds. :) Title: Re: Waves - Cut losses or hold and watch again in a year Post by: StinkyLover on July 01, 2016, 12:24:05 PM next year it's delisted and nobody can remember that. And the devs cash out and buy Lambos and Teslas and beachfront properties by Huntingdon Beach Anybody remember the plot of "The Producers"? Title: Re: Waves - Cut losses or hold and watch again in a year Post by: tokeweed on July 01, 2016, 01:21:54 PM 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.. Here's the thing... In trading or investing, your aim for the long term is to preserve your bankroll , war chest, capital, funds or whatever you may call it. So with that in mind, it's almost always a good idea to cut your losses, save what you have left and be ready to pick a better spot then enter a trade again. In your case with Waves, I think it would be a good idea to cut your losses for now rather than holding and risking that small loss into a big loss. https://i.imgur.com/DaeeTqk.png Title: Re: Waves - Cut losses or hold and watch again in a year Post by: yefi on July 01, 2016, 03:06:52 PM What was the ICO price? 32-33k satoshi? They raised 29,634 (https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA) BTC in return for 85,000,000 (https://blog.wavesplatform.com/faq-7664c1d1b1bf#8e9f) Waves, so that's approx. 34,800 Satoshi per Wave. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: spartak_t on July 01, 2016, 03:22:16 PM What was the ICO price? 32-33k satoshi? They raised 29,634 (https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA) BTC in return for 85,000,000 (https://blog.wavesplatform.com/faq-7664c1d1b1bf#8e9f) Waves, so that's approx. 34,800 Satoshi per Wave. Then it looks pretty bad at the moment. Just looked at the price and it felt under 20k satoshi. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Nxtblg on July 01, 2016, 03:22:58 PM In your case with Waves, I think it would be a good idea to cut your losses for now rather than holding and risking that small loss into a big loss. I did that with some of my WAVES in order to diversify. He's right about not trying to catch the falling knife. Long-term, I still think that WAVES will be a winner because Sasha did get a fiat gateway up and running (Coinomat). That's the use case that I'm holding on for. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: TheRedDevil on July 01, 2016, 03:31:06 PM I too was thinking of doing the same. Cut loss by selling now and if it goes up, buy then. But the worst part is, i cannot even find a withdraw button in their ICO page. Its totally upto the team to withdraw it. Im waiting for it to be withdrawn to my wallet. Ive raised a ticket(mail ticket i think) with them, but no response from them yet.
There are other posts in here regarding waves and about the commits that contributes to the version upgrades. Feels bad though things have come to this point. But one has to own up to everything and i guess its on us who contributed in first place. Surely being careful if there is a next time. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: raphma on July 01, 2016, 04:42:14 PM 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. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Hausi on July 01, 2016, 05:05:29 PM ive sold all my waves.
maybe i buy when its lower but i dont think so. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: yelllowsin on July 01, 2016, 05:13:01 PM 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 :D https://i.imgur.com/gcEFUUI.png Title: Re: Waves - Cut losses or hold and watch again in a year Post by: raithe on July 01, 2016, 11:35:10 PM 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 Title: Re: Waves - Cut losses or hold and watch again in a year Post by: bones261 on July 01, 2016, 11:51:37 PM 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.
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: The Sceptical Chymist on July 01, 2016, 11:53:11 PM 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.
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: s1gs3gv on July 02, 2016, 12:28:27 AM cut your losses fast, let your winners run.
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Bitcoinadapt on July 02, 2016, 01:04:40 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 Title: Re: Waves - Cut losses or hold and watch again in a year Post by: btctube on July 02, 2016, 01:14:57 AM 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. ;D dumped all i got and bought BTCs after all its going to be halving. I could profit this halving.
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: tokeweed on July 02, 2016, 01:25:03 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 (https://newrepublic.com/article/121551/bot-bubble-click-farms-have-inflated-social-media-currency) Title: Re: Waves - Cut losses or hold and watch again in a year Post by: bits4that on July 02, 2016, 01:47:44 AM 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. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: jupiter00000 on July 03, 2016, 12:25:37 AM 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. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: jupiter00000 on July 03, 2016, 12:27:45 AM 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/ Title: Re: Waves - Cut losses or hold and watch again in a year Post by: tokeweed on July 03, 2016, 07:26:28 AM Someone from Waves must have seen this thread and decided to pump it. :D
But seriously, it's better to be patient and wait than opening yourself to risk when trading altcoins. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Anarchy101 on July 03, 2016, 08:20:06 AM I sold 70% of my waves and kept the remaining for future use.
Let's see what the future holds. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: BoldNinja on July 03, 2016, 08:36:05 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 ;) Title: Re: Waves - Cut losses or hold and watch again in a year Post by: kingorbust on July 03, 2016, 09:20:19 AM 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. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: vuduchyld on July 03, 2016, 12:33:31 PM 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. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: disam on July 03, 2016, 01:00:51 PM hodl mode on, waiting for 2017
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Nxtblg on July 05, 2016, 05:37:58 PM 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. Title: Re: Waves - Cut losses or hold and watch again in a year Post by: rodmanqs on November 15, 2017, 09:57:20 PM Who wants to become rich - buy and hold the waves for at least a year ;)
Title: Re: Waves - Cut losses or hold and watch again in a year Post by: Claytonjamila on November 15, 2017, 10:33:46 PM 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. I'm a newbie. Please, I'd like to know how these waves workNow 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.. |
