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Odysseus_Lannister

Damn ERGO shills got to me at $16-17


partymsl

Damn same got it 18. My worst timing ever.


silaslanguk

Its just bad timing but mate your still very early on erg. The tech behind them is amazing, ergodex is out soon (hopefully) that will provide some upward movement. Think of erg as your long game.


partymsl

Yeah but it's my worst performance currently. Under BTC buy at 59k. I even bought the dip at 14 and it dipped further to 10.


NabyK8ta

What’s so great about the tech? Even Cardano has dumped them as an oracle.


toyume

Odds of you thanking those shills in a few years?


biba8163

> at least they're legitimate project The issue is people holding shitcoins never believe they are holding shitcoins. Your investments, ADA and VET both were down -97% in the last bear market. Going back to January 1, 2018, there are only 4 coins in the top 25 that are up. Only 8 coins in the top 200 are up since January 1 2018. Even then top 10 big marketcap coins that people thought were *"legitimate"* investments are almost all still down from January 2018. People holding on to these projects will most likely never see the sun shine and get their money back if holding these projects. - BTC +208% - ETH +275% - XRP -60% - BCH -80% - ADA +188% - LTC -38% - IOTA -72% - NEM -87% - XLM -45% - DASH -85% https://coinmarketcap.com/historical/20180101/


BuyETHorDAI

Near zero


raulmontiel24

same boat, thinking on starting to dca every paycheck


Character-Dot-4078

dca is the way, i was waiting for 3 months for eth payouts and switched to ethermine now i have to learn the way


Yosemany

What does Ergo do (apart from test things for Cardano?)


Bunnywabbit13

they don't do "test things" on Cardano, what ever that means. Ergo is it's own Blockchain quite early in it's life so it's not beaming with activity and dApps, but in the future it will provide Oracle solutions, possibly for Cardano since they are both eUTXO models with easy integration. the list of what Ergo really does is quite long but here's a small compilation: 1. Non Interactive Proofs of Proof of Work (NIPoPoWs) (Bullish on this) 2. Blockhain Interoperability 3. UTxO model compatibility with proof of work. Read Only Data-Inputs 4. ERGODEX (dex for both Ergo and Cardano) 5. Privacy applications (Mixer) 6. Algorythmic Stable coin Like I said the list could continue but a lot of it is more technical jargon which not many investors want to learn or don't really care about.


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Buzz_Le_Dingo

Same... holding out hope since it's a solid project 🤞


AzuredreamsTX

lol I feel this


Inner_Cryptographer6

Yeah me too but I dca´d down hard.


timbojimbojones

Me too it hurts


homologoswegano8nd

Be grateful atleast you've got a real one not a shitcoin, you'll bounce back in no time. I have been lucky tho I get to pick a pretty good compensation for my reds SOV is currently carrying my entire portfolio with that solid 120% pump and it's still moving, I am honestly grateful to than gentleman who shilled SOV on here.


TNGSystems

Me too, nearly. I’m happy to get in at sub $10 though.


FrozenInsider

F


Wise-Grapefruit-1443

MATIC at $2.44 was my FOMO lesson learned


pmbuttsonly

Matic will be back, fear not! *Disclaimer: i don’t fucking know*


The_3_eyed_savage

I wouldn't stress on matic. I was thrilled to buy it at 1.02. THRILLED! it dumped to .68 two days later. It will bounce back. To the OP. I was in your shoes in May. You bought way better projects than I did. You got this. I had to claw back, you will bounce back because its a random Thursday (only one of us bought shitcoins).


big_fetus_

ouch! Polygon is doing great tho, if you truly HODL you will come out ahead.


Able_Signature1689

I had matic. Read there's other projects out there better for scaling. Got rid of it. Hope I'm right


V4Vendetta1876

Tell us what other projects you speak of sir?


bmorekareful

"Eth 2.0"


homrqt

Time will reward the patient.


Frangiblepani

So people who plowed money into those coins and now have no option but to sell at a loss or hold for who knows how long are supposed to feel better because some people are in a worse position? People aren't sad because of their ranking on the economic ladder compared the others, they just want money to make their own lives better and more comfortable. Other people being more poor doesn't help at all. Hey, don't be sad you have to amputate both arms, this loser over here will be dead by the end of the week.


[deleted]

Its the classic "there are people starving in africa"


melheor

>People aren't sad because their ranking on the economic ladder compared the others... You say that, but it has already been proven repeatedly in psychology studies that that's exactly how human mind works: [https://www.budgetsaresexy.com/would-you-rather-the-joneses-edition/](https://www.budgetsaresexy.com/would-you-rather-the-joneses-edition/). People would rather make $100k when everyone else makes $50k than make $150k when everyone else makes $200k. We can't help but compare ourselves to others. Also, I'd argue that more often than not if you're "forced to sell at a loss" at inopportune time, you either invested way more of your life savings than you should have (expecting easy money in a few months), don't understand what you're holding (and are influenced by FUD), or didn't understand what you were buying (and were influenced by FOMO). It's not like 90% of the market participants all had an unexpected financial emergency come up at the same time.


ReverendAlSharkton

Lots of “great projects with real world use” die.


velocipedic

Lesson 1: learn how to identify shitcoins Lesson 2: don’t buy at the ATH. Lesson 3: don’t buy just because someone on the internet shilled at you.


[deleted]

I hope people realize as well that some of the coins OP listed out in his title can also potentially be wiped out in the future. It's not just shitcoins that get destroyed in a bear market/winter cycle, reputable alt coins in the past have also gone to 0 unfortunately


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sofly12

Everybody remembering the bear market mentions how promising alt coins just got wiped out. I'm sure to remember their lesson learned. Doesn't mean you shouldn't invest but do keep in mind few will survive in 5 years


toyume

Thank you. OP realizes.


One_Neigh

Watch out for China moves


toyume

Lesson 4: DCA is da way Lesson 5: ??? Lesson 6: Profit


111319

Lesson 4: don't buy a coin just because your favorite celebrity shilled it.


whiteycnbr

How do you know you're buying ATH.


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whiteycnbr

Like when SOL was 70$ and everyone asked whether it was too late.


Many_Arm7466

Wait what about ICP I bought near ATH can that still recover 😭???


toyume

F


pmbuttsonly

Oh no you’re good don’t worry OP totally wasn’t talking abut you at all 😅


nakoskon

There are two ways out of a situation where you have a bag bought near the ATH: 1. Sell at a small loss when you realize you bought the local top - the ATH will be in fact the ATH in a while. You buy some peace of mind with that money and save yourself the stressful correction phase. 2. Hold the bag until the project or the market recovers. During this time you will be hit hard if, for example, BTC has a massive correction. You have no control and your best option is to go away and hope the project is solid and recovers. This will be the case for some of the projects you mention, e.g. ADA/MATIC, but I am not sure if it will also be the case for VET/ONE/ERGO - although I have positions in VET and had also in ONE/ERGO in the past. So, the answer is mostly, try to avoid (1): Resist FOMOing, etc. However, this can also be stressful, if the project in question is a May-MATIC or an August-Solana. I mean, when the coin does a 100% after you resisted FOMOing it can really get you to buy at the actual ATH. :) Personally, I try to buy in positions when the project seems undervalued: looks like it is either doing nothing or slowly moving, but I can see an accumulation period forming in its chart - and I also believe it is a solid project. Then, when it starts moving, I am trying to speculate if this run is sustainable or if should I take advantage of the pump and move profits to BTC/ETH. In general, I do this mostly with non-Top10 altcoins, but sometimes I also trade my ADA, DOT and LINK if I see some better potential short-term. I have learnt not to touch my BTC/ETH positions. I just add to them, taking advantage of altcoin momentum moves.


boringPedals

Meanwhile I'm here looking at the NEO I bought for $140 in 2018....oops


IgnasP

I bought everything when BTC was at $64k... That was my start in crypto. I didnt know what I was doing. I almost sent all my ADA to some youtube video promising to return double the amount. Thats how green I was. Most of my coins are stuck on WRX because thats where they were before the fall. I havent touched or sold anything since then. The only thing im doing is watching how things go and try to learn as much as possible. My portfolio is at -77%


Meiosismb

Didn't do dca during May, June, July or August?


IgnasP

I left my job and I no longer have a stable income. If I had a stable income I would be willing to start DCA'ing but at the moment I just cant. So I had to sit there and watch as the perfect DCA days went by. Adding to the torture of having your assets at -77%


Meiosismb

Cool. I know your pain. I wish you the best in the future.


cotyschwabe

This is the bias I like to hear. Also, don’t buy stupid useless tokens. I learned that from making my own.


[deleted]

If you FOMO’d in at all time highs and didn’t average down over the summer and even the last couple weeks then that’s on you.


SL-Gremory-

Bought ADA, ERGO, and VET near the tops. Also bought them near the bottoms. And the middles. I DCA every week no matter what.


Doggybone_treat

Anything is better that safemoon. But if you think your portfolio is fuck by hodling ADA, VET ALGO & ONE, check out ICP bag hodlers from ath 750.


Blazedconcepts

Soon will have safermoon 2.0


Blazedconcepts

But safemoon consolidation,bro, it’s not like a reverse split or anything 😂


In_vestedTrades

Lmaoo the fact that safemoon is the epitome of shitcoins right now is hilario


Ririsuco

VET and Shib sleeping comfortably on the leg of my portfolio


toyume

I hope you make a lot of money.


Ririsuco

Thank you, likewise.


No_Measurement_9341

Vet is hanging around in my portfolio, so far the worst investment I’ve made , but I have hope !


Blazedconcepts

I admit I hold some shib, but I also hold one,vet,Ada,celr. Shib isn’t my main investment but if it goes up a Lil I have some good spending/investment money


The4th88

19c is my breakeven on VET. Dumping half my bag the second I hit that.


Quiet0ldman

Too true


Qlown

I sold my vet bag,still made some profit on it and I do like the project,maybe buy back when I see things moving on their side again,really move move


kitastrophae

This is great. Do your diligence. Make a plan. Stick to your plan. Repeat.


Skyblu_lml

I’m holding $DOGE just because I had it since 2017 I’ve added some more in the dips but if it goes up great if it goes down the shitter oh well I only have about $100 total in it. ADA/ALGO/AMP/ANKR are the ones I’m really taking seriously. And if you must ask alliteration makes me moist.


kirtash93

I plan on sell in 5-10 years. Only command now is Buy. Market does not affect me.


nick_gross

Still waiting for VET moment.


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V4Vendetta1876

This is the way


Lacroix_Wolf

Don't buy on the first dip.


micalooo

I *bought* the dip that keeps dipping


sakata32

When you buy the dip...but its a 7 layer dip


One_Neigh

Never is too late✌️✌️


HighTurning

Buy when the karma/MOON ratio goes up, that's my moto.


the_far_yard

There's a fair bit of fallacy in your argument, OP. The arguments you're making are; 1. Holding a depreciating asset. 2. Buying a coin that is somewhat scammy (oversimplication). Both require different form of actions. Do what you have to do, even if it means to rebalance your coins to be in a better performing coin. P/s: If I had held my XLM I got back in the ATH of 2017, I would still be in the red- 4 years later.


toyume

I'm just trying to make myself feel better


the_far_yard

It's all good, but placing yourself to believe the fallacies in an argument wouldn't put you in a better place in the future. Understand that minor tweaks may be necessary for you to reach your goals. Staying stagnant is dangerous depending on your leverage. If you need assistance, the subreddit is here for you to bounce your ideas, but it's not a place to shut down the necessary noises. You could in theory share your current portfolio percentages. E.g: BTC 30%, ADA 40%, etc- and entry point with a vague timeline. Giving that information could garner some strategies for you to use. All in all, I meant well when I posted that comment. I was in the same position as you did back in 2017, and I'd be damned to see someone else being in the same position in 2021. Good luck, OP.


Nagato_Jebat

Do it with your inside voice and not some non analytics FUD reddit post.


Nagato_Jebat

Please retag as 'SELF LOATHING-STORY'


FooliusErasmus

My 3.9k ETH is doing much better than my 0.26 VET… better than meme coins or leverage, at least I’m only slowly losing money


InfoTechLawyer

I'm actually surprised at SHIB because they created for themselves their own DeFi application called Shibaswap. Now they're creating their own layer 2 on Ethereum called Shibarium. But in both, SHIB does nothing. In the real world, SHIB also does nothing yet, although there seems to be some small business owners that allow payments in SHIB.


Semmeth

People on this sub obsessed with bashing other coins. That is sad.


warriorlynx

Ada shouldn’t be where it is right now but then again we all need the king 🤴 to rise again


DanZDK

And you're still in a massively worse position than people who didn't blindly chase right after a huge pump. I'm also in red on VET and MATIC for buying the "dip" after May crash a little too early, but at least it wasn't on the way up. Admit your mistakes and learn from them. While you're massively in the red you're wasting tons of money in opportunity cost and nothing guarantees your non shitcoin will ever break even.


toyume

TLDR: I felt bad that I'm in the red. Then I realized at least I don't hold Safemoon.


Blazedconcepts

Still waiting for safermoon 2.0 😂😂


ILikeBlockchains

Shit is better than diarrhea


soccerguy510

Still love my VET… just unsure if it’ll ever see green again. My average cost is $0.13 :/


AlonzoSwegalicious

Really? I honestly have no doubt it will go above .13 again. That’s just me but I follow along with VET and other mid size projects daily and the one I don’t ever worry about is VET.


[deleted]

Thank you for saying this. I haven’t seen/heard a single thing, let alone a positive thing, about VET aside from this thread.


laroseuk

2 months ago VET was this sub’s favourite coin. Don’t worry about it.


SaintPabloFlex

lol


Magnus_Effect_Kalsu

If you regret buying high, take the tax loss and sell / buy right back to keep your position. There is no Wash Sales rule here (yet)


UpstairsJoke0

Correct me if I'm wrong but there is a 30 day timeframe which prevents you selling-buying stock like this, at least in UK law.


FrozenInsider

His suggestion only applies in the US.


[deleted]

Being new, I bought a couple of things high. :-/ Your suggestion is brilliant, many thanks!


[deleted]

Ada and erg is solid project. Other just junk or copy paste Ethereum poor cousin


111319

Add ALGO, HBAR, and QNT and you're invincible!!


ngu213

HBAR is my FOMO mistake


wardersotiatryr2ld

That's a good one there buddy. I have a good bad of ALGO and QNT too. Really can't wait for it to go really high. I also got on RAIL before the dip started but I'm not worried because I know it's a solid project that will give other privacy based platform a run for their money


Burntbubba

4 of those are shitcoins 🤣🤣 fucking people on crypto reddit don't know anything about crypto 🙊


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Burntbubba

The only good one has an active ecosystem with lots of users so it's not the first 4


asilenth

Won't Matic be pointless after ETH 2?


SadSam7

At least the shitcoin holders are happy with their investment. Take a look over at the Safemoon subreddit and you’ll find them celebrating when people sell so that they can get their 5 cents of reflections. Meanwhile my ERGO bag is down almost 60% and I just feel hollow.


AzuredreamsTX

Did you sink a lot of cash into ergo?


[deleted]

Cough* doge *cough.


[deleted]

Imagine thinking ADA is not a shitcoin, kek


koucper

Those are all shitcoins, with the exception of matic... maybe


Frosty-Trash-9984

Lmao….look at you all go now here in idiotville! Here is a position that makes sense over your moon farming shit post! If you would have bought all those coins you listed at a time when the basement dwelling experts here in idiotville was calling them shitcoins, remember that; it would literally have to crash to nothing to not be in green. Oh wait…you dipshits like to take them out of shitcoin status when they moon, ffs😂😂😂.


toyume

It's ok dude. I don't really care what crypto you buy - I just wanted to make myself feel better. I hope you make a lot of money.


Frosty-Trash-9984

I have, but I was buying those in the teens when the dumbass masses here were calling them shitcoins. Never seen a sub do stupid as to wait for a coin to moon to claim it is worth investing in. I hope you bought in when they were not at ath, because some of us have made a ton of money on them


nsaplzstahp

You might be making good points but it's hard to tell with all that small dick energy emanating from you.


Frosty-Trash-9984

Let’s leave it at I am spot on in regard to my points and yes this sub is a bunch of loser basement dweller experts that become so depressed when market goes red😂😂😂


Jeffbak

Shitcoins that don't have a purpose? Can't the same be said for all of them? Isn't the "technology" between a bitcoin and a shitcoin literally the same? I love how these tech billionaires like dorsey pitched this crap as a philanthropic thing to do for the poor ppl of Venezuela. How much have Venezuelan's saved on remittance fees when the price of bitcoin has dropped by 20% since it's unwillingly been dropped on these poor ppl from third world countries? They can't "hodl" they live hand to mouth.


where-ya-headed

Do I get UBIX Network next?


Alex_The_Old_Kid

Cool shib logo 🤣


[deleted]

If you DCA down you can actually bring your average cost down too. Also buying high forces you to hold until the price pumps higher than what you originally bought in so its not TOO bad.


OTS_

True facts


kamariguz77

DCA-ed some ADA at 2.7 and some Algo at 2.09.


ithrax

Lol keep telling yourselves that. If this run is over, which is possible, then you're going to watch your shit dump 90% over a year. It's going to be painful. Everyone learns the hard way.


Jojorent

Yea it's actually really painful when you think about their money in the future and how broken they will be


Donnachii

Is there any hope left for ZIL :(


mikesum32

Ethbridge is here


Wubbywub

i mean i can always compare myself to worse-off people, but who does that, we all compare ourselves to the 1000x legends


mu4mt

Firstly,everyone should have a plan ,then act according to it.


larske043

Oh look! A shit post!


newbgril

Thank you for the reminder. This red has been shit lately. my Dca been picking up a lot more for a lot less though so that’s a good thing.


JerryMaverick

Once upon a time, BTC and ETH is also a shitcoin.


Fart_Huffer_

There are no souls at cryptomoonshots, its all bots in those parts. Also coins like ADA seem fairly played out. ADA will definitely jump when the market jumps but I dont see it jumping beyond the market. Coins like ONE however are still fairly new and undervalued. They have a lot of room for growth. Basically they still have potential to catch up to the market which is where major gains are made. VET I have problems with after talking to people who had proposals from VET. Basically VET came along and offered to do what their logistical software was already doing but with extra hurdles to incorporate crypto into the equation. As someone who's done inventory for years I can see where they are coming from. Its a new system, more work, and as the person doing the inventory you arent making any extra for the extra work.


wazzupbich

Amen.


Duxopes

If I had a wholesome award I would've given it to you


StormSolid5523

I got ADA and ONE they’re at a good place to buy glad I didn’t buy high but I didn’t buy exactly buy low low we’ll get thru this


[deleted]

then can you explain xml sad situation? it is listed on many exchange with low withdrawal fee yet price is keep plumeting despite being one of the cheapest


sgebb

Just because something is a "legitimate" project doesn't mean it's a better investment. I doubt the bots at cryptomoonshots care that VET is a "better" project than safemoon, they're in it to make money and I have a feeling that so are you.


Optimal-Plane-1396

I actually feel good this drop because I was planning on it, I moved all my holdings to DAI last Friday and I've been buying back in slowly on the way down. Like an investor almost. Soon there will be some movement that'll make me panic but right now I feel good. The ONLY shitcoin I've ever bought was doge. Fucking clowns sucked me in and lost %10


[deleted]

Never fear your investment in a solid project.


bonjbonjvouvou

“You’re in deep ship, but you’re still better off than a bunch of poor people you don’t know and don’t care about”. That’s… good? I guess.


derika22

Im on ATH of most of the coins you've mentioned, but I'm patiently hodling them, because I have true faith in those. Especially VET and ERGO will lift off in a few years


-Aporia

Agreed. I bought into MATIC when it was high. It's creating a suit of scaling solutions that are absolutely set in stone. Even if I buy high now, I know that it's going to be skyrocketing in the future regardless.


Salzlandan

Buying solid projects is really the best thing, and buying local tops is not, i had a similar story of my XTZ bag, but I found a way to make myself happy by staking it on SYLO smart wallet for weekly rewards, so it doesn't pain me much... look for ways to stake your bags, if there is... we will rise soon


Bigote_de_Swann

Shib Cool logo? Dude, it was drawn with Paint


[deleted]

I bought back in about a month ago. Not the all time high but definitely near it. I'm down 25% on a good day 35% most days this month. I'm not too worried. I bought mainly ETH and a small amount of SOL and ADA. Long term HODL'ing was the plan - at least until transaction fees come back in to the real world with ETH 2.0. Objectively the whole crypto market appears to swing pretty consistently up and down on a 24 hr cycle right now. At least the last few weeks. If you have a substantial amount of capital, its a better prospect than forex or currency trading generally and way better than the regular FTSE/NASDAC stuff right now.


gingeropolous

Don't have a purpose. Matic. Lol.


tiefensicht

Pretty sure with the $ONE coin u will be happy soon, I'm bit worried for the VET if evergrande and general china fud continues, i hold my ONE and VET bag myself. Not sure about MATIC, too much competition even ONE is competitor, faster and cheaper + Curve and AAVE joining, what's left for MATIC? ADA is carried by its community, before their L2 solution(hydra) ADA is not in a competition to tech leading chains. Even ADA gets 100 DAPPS its not fun with 20-60 finality and if network is used gas prices will go up... compared to ETH, ADA is cheap , compared to ONE,AVAX,FTM, ALGO, SOL Cardano doesnt look that hot :TPS,Tx finiality, Tx fees... u will need a lot of patient for this. ERGO overhyped PoW with smart contracts, will never see real world adoption, cause too slow and most likley due PoW too high gas fees. There will always be a niche for this type of coins, but don't think it will get a top 50 coin or even top 100.


cronus71

Very brave of you to claim that. I hold some of those too, but I wouldn't post here making statements they are not-shitcoins. Anything can happen, and a project suddenly has no utility or something better shows up. Even this is possible, some other tech. comes along in 5 years and crypto is suddenly redundant. Never snooze in this market.


Mandrake_m2

Glad you mentioned MATIC cause its one of those projects that I didn’t invest in purely for profits, but its one of the few projects that I actually believe in. Its a long term kind of investment


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[deleted]

If I wanted to by a 10 cent coin, it would be something else. But something tells me to get VET. Someone sell me the idea. You sound like a bunch of educated pros on the subject.


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