[ANN] SONM • Decentralized Fog Computing

SONM reminds me a story with Waves. So much complains but it finally popped. Sell it now and you'll regret.

Precisely, why would anyone sell now when the platform is still being coded and tested? Sell and re-buy later? Sure, if you're sure it will drop again to your desired price, but what happens when you're the bottom seller?

Because they expect to get rich quickly and easily. They bought a coin without understanding it, so when prices drop because of the market they think it has something to do with the coin itself. They then sell because they only bought the coin because some noob on a platform said it was 'going to the moon boiiii' instead of realising the longterm potential. Remember, people have bought apple shares at 1$ and sold at 0.5$, not because the shares lost intrinsic value, but because most people can't ride the waves. It's simple really, if you understand the longterm potential, you buy when prices are low.

I would sell Apple $0.5. Fuck post-Jobs Apple, even worse than hype traders.

well it's currently standing at around 167, which is pretty much the ATH. Disgarding personal opinions on Steve jobs, I think anyone would feel stupid selling a share at a loss, only to see it rise to 160x the original value. People will feel the same about Sonm, but this time it won't take 30 years before it reaches its full potential. Technology today is much more equipped to deal with fast evolving software, so I'd venture a guess and say Sonm will reach 90% of its absolute possible peak in less than 10 years.

I love Steve Jobs. I hate what happened after he got booted from his own company. I don't want to have anything to do with them, even if it means not earning money off of their stocks. Apple today is everything that is wrong with this world - the polar opposite of what it once was under Jobs.

be that as it may (I share your opinion on Steve), the original point was about peoples stupidity and shortsightedness leading to massive losses or regret after selling a perfectly good coin at a temporary low point just because the investor couldn't handle the waves Wink

All true, I just felt like ranting about Apple, because fuck Apple.

I wouldn't flip any red assets though, since I decide entries and exits before investing any money. And then I don't deviate from the plan, no matter what happens. If I lose because my plan sucked I'll just be more likely to adapt in the future. Buying and selling hysterically doesn't lead anywhere but doom.

100% agree! Fortunately for smart people, 95% of investors choose the hysterical road, leading to unvolentary pumping before the 5% of us decides to dump, and unvolentary dumping causing the 5% to pick up some amazing deals.