[Curve DAO Token] Be careful with this project lost ~0.17BTC ~ $2000 trading it.

[CryptopreneurBrainboss]

The dump isn't slowing down anytime soon so don't be in a rush to buy into the project as there'll be around 2million tokens coming into the market daily (~766k or so but can't get my head around the number as I'm in pain). Don't get me wrong though, I'm not trying to point fingers here towards the authenticity of the project since I believe my mistakes cause me this lost.

In my years of trading this has to be my biggest lost so far so just thought it'll be right if I caution others before they make the same mistakes. Judging from what I'm seeing it seems I'm quite lucky I didn't get in at the ATH around $50 those who bought then most be feeling more stupid than I am right now. $CRV is currently trading around $6.5 with around -50% lost in 24hrs but this shouldn't cloud your judgment more decline is likely to occur.

$CRV just stole all my $ETH profit 😭😭, just have to exit the market to short my loss.



Stay safe guys don't invest more than you'll be ok losing, you'll be better off holding bitcoin (Personally I'm sating you should too).

[1715198391]

1715198391

[1715198391]

1715198391

[TGD]

That’s very unfortunate. Many telgeram channels and signal group are hyping this DeFi coin recently and most of them are early investors. There is no long holder on DeFi coin. Once whal benefited to the early pump hype, they sell off immediately and jump to other new DeFi project. This the scheme of a griup of whale investors and I believe some exchange are supporting this scheme because some new DeFi coin which is not worthy to be listed on big exchange are being listed immediately. The only legit DeFi token was Chainlink and BAND. Most of the are ponzi.

[setifien19]

A simple research on cmc, I found that its circulating supply is less than 0.04% of its total supply so it can drop more if its developers decide to inject more amounts.

I believe some exchange are supporting this scheme because some new DeFi coin which is not worthy to be listed on big exchange are being listed immediately.

exchanges are looking for which coin can pay more to be listed, they do not care about the project itself

[wmaurik]

Very sad to hear about your loss, but this makes me confused because I follow a lot of channels that usually promote good projects and they also promote CurveDao and i thought that after being able to listing on Binance, Okex, Gate io, Poloniex would actually make CurveDao to be a good token, but the results are outside my guess, I hope you can recover your loss from other tokens.

[SquirrelJulietGarden]

You choose a bad entry and exit too soon. It rallied to 9460 and the price is 8422 now. If you hold it and did not exit too soon, you did not lose money. Afford your lose to avoid lose money. I bought it at 7000 and took profit at 8500. 21% profit , easy money.

It is not good price and time to make another entry. Wait for next 30 to 45 minutes and enter it again from 6400 to 6600 and take profit more than 10000.

[PerfectCircle]

You have to get rekt to grow higher honestly, success road isn't always smooth, if you can erase losses from your life you will never know the taste of success, I believe this is the way this life is programmed, stay stronger

[BitTraderCute]

Some people judge a project by exchange listing. We should more concerned about other criteria and token supply is one of the most important of all. I don't know why you by such a token that will release a huge amount of token every day. That was a bad idea from the beginning and if you were not aware of this from the beginning then it taught you a lesson.

releasing huge amount token make market flooded and if not balanced by huge trading volume i am sure price will drop alot. too many supply in market meanwhile most of them didnt understand the basic fundamental from this project.they just take a look binance listing, and forget its just a common hype in market.

[CryptopreneurBrainboss]

You choose a bad entry and exit too soon. It rallied to 9460 and the price is 8422 now. If you hold it and did not exit too soon, you did not lose money. Afford your lose to avoid lose money. I bought it at 7000 and took profit at 8500. 21% profit , easy money.

It is not good price and time to make another entry. Wait for next 30 to 45 minutes and enter it again from 6400 to 6600 and take profit more than 10000.

True, guess I panicked and exited the market too early as I'm beginning to see if I have waited a little longer I would had minimize my lost assuming I still decide to exit the market. Currently price is ~$9 while I exited at ~$6.5. I'm trying not the calculate in satoshi as it pain me more seeing my bitcoin getting rekted.

Probably I will keep monitoring the market to see if I can recover some losses and luckily make some profit but that would be very challenging knowing another massive supply will be entering the market by tomorrow. I'll keep the thread updated with my journey of recovering this lost because I know I would either with the same project or other projects, only time will tell.

[Tipstar]

Making right decision on right time on trading are always a hard job. We need to have a strategy to limit our profit and loss. Being too greedy or too optimistic would hurt. It's frustrating to see that the coin rises much higher after you sell but the pain is smaller than seeing it go trash. And for grid traders, don't venture anywhere away from most popular coins to be specific bitcoin and ethereum.

[TGD]

exchanges are looking for which coin can pay more to be listed, they do not care about the project itself

Partly I agree with you. They always declare that they only lost coin that has a working product especially binance but right now, They are disregarding there own standard just to gain profit on this DeFi hype. Too many same concept project are starting like DEX then they can be easily listed coming from nowhere.

Security token and other old token are starting to fade away because of this temporary DeFi crazed. I hope no one will be badly in loss by investing on this very risky projects.

[jpnl0006]

 Analysing from the coinmarketcap.com website, the coin is havig a otal of 1.3 billion tokens in total supply but just below a half a million in circulating supply. That informs me on the need for the price appreciation and also scarcity of the coin is a factor. My suggestion is that the deflation in price of the coin must have come from a new and people did not get that information on time and that is dangerous enough

[SquirrelJulietGarden]

It is not good price and time to make another entry. Wait for next 30 to 45 minutes and enter it again from 6400 to 6600 and take profit more than 10000.

Latest dip, it stopped nearly 7400, I will wait it next one or two hours and enter with price from 6400 to 6600 or 6700, as planned. If I succeed to enter, I won't sell it below 10200 (unit is satoshis, not $)

[TheMystic]

Are you a short term trader or long term trader? I don't think it's wise to sell off so quick, all I noticed is so many coins dipped for days now and not only curve. Am holding some and I feel it will still go back up in profit. Trading cryptocurrency is risky tho and more patients need to to implemented.

[SquirrelJulietGarden]

Latest dip, it stopped nearly 7400, I will wait it next one or two hours and enter with price from 6400 to 6600 or 6700, as planned. If I succeed to enter, I won't sell it below 10200 (unit is satoshis, not $)

It dipped to 6388 and bounced back to 7488 (it happened in 15 minutes), means 17% of profits if you bought it and sold it at bottom and peak. It is a story for thing happened and life is not easy as that. Emotion is difficult to control when people are on real trades.

[enhu]

Its stil the first 3 days of its trading though, I guess there will really be a big dump, it normally happen but I don't see this CRV token to be really risky in times where the market is getting good. But sionce you already have exited, you may wanna buy back when you think its hitting the bottom.
We can't set up forecast yet since its not listed on tradingview yet 

[stealth.money]

Very good one

[Maestro75]

From the picture you have up in your first post, it shows you bought at above $10 per coin, am I right? And your selling price was less than $7. It is a huge loss looking at the quantity you bought. It is a pity. I hope you recover your loss from other trades soon. Sad, but this is one of the bad sides of trading.

[Google+]

that is what is called the risk of trading in altcoins that are not too voluminous, they are the founders of the altcoin that sometimes manipulate prices so that investors buy them even though it is their strategy to trigger other traders to enter, so it's better to trade in clear altcoins like ethereum, XLM, XRP and others that have a good reputation and really have a useful project.

[Chuky92]

That's really a huge loss and only you will understand how you feels now but as a trader there is always other good coins that will bring about good profits. Also, something got my attention, 2 million tokens coming into the market daily looks like a deliberate act to me from a group of people could be the team or otherwise and hence not good buying this token for whatsoever reason because when they are done the price might be so discouraging that it will push away potential investors.

[Mpamaegbu]

Ouch! That's some huge amount of money in my country (you know this). Sorry for your loss. I know this will further reinforce your hatred for altcoins not unreliable. Thanks for alerting the entire community here about this token. As a rule of thumb for me, I always check the total supply of any token before buying it and I wouldn't buy a token like Curve DAO above $0.50 because its total supply is in billions — 3billion plus. That's huge, really. It's even a wonder it went to ATH of $54.01, just four days ago. Whatever that pumped it must've been on steroid. Anyway, I will keep an eye on it and who knows I might be able to get in around my target price (or less) if the project doesn't turn an exit scam then.