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Eliminating Irrational Token Allocation and Creating True Unit of Account with SORA
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Went heavy into Polkadot (DOT), Moonbeam's GLMR and Polkaswap (PSWAP) in 2021....and still holding on to all. My entry into DOT was okay-ish....slightly under $4 per DOT on average so it's doing well enough for me....but not enough for me to want to cash out. Moonbeam and Polkaswap however....it's been tough. Fortunately I am at a profit (barely) with Moonbeam thanks to DCAing into it as it went all the way down. Staking rewards helped too. Fortunately it's starting to creep up slowly now. Polkaswap however....don't know what's going on with this project. The team seems to be building consistently and the project itself is fantastic on paper...but at the end of the day, the interest from the general community doesn't seem to be there. The price action has been atrocious and it seems hopeless for recovery... I'm keeping my fingers crossed, hoping it will pump when the ALT frenzy starts and/or when Polkadot 2.0 builds hype.....Hoping for the best, but definitely expecting the worst with this one based on how it has been performing.
How do you get data for coins such as XOR and PSWAP? Ceres works with Sora network and doesn’t have all the data that CoinGecko has such as market cap like you do. But you also don’t have burn rates and data like that. That would be nice. Token supply predictions as well for directional inflation-deflation
I have Sora(XOR)/Polaswap(PSWAP) and they sent an Open Letter to SriLanka to use it’s crypto. It’s one of the only cryptos with a Physical bank and it sells NOIR Wine to help fund the developers. Not tryna advertise, but it’s a crypto with good Tokenomics They release DEO Arena(Game) in 2 days or so.
PSWAP rugged. Honestly, I think that we need a big shake out but a new bull run will just attract more shitcoins and scams.
The whole Sora network coins, XOR , PSWAP, CERES.. sold them few months ago for ETH.
How's that PSWAP money doing today?
But what if the asset trend is clearly down, say ala PSWAP?
It is very cheap compared to many available alternates-which is why I use it. As for quality of the fare, since when has quality really been that much of a thing for $ to chase? :) I consider PSWAP dead, but you can still extract 100% from that dead dog some weeks..... Thanks for your comments.
Simple break down. XOR, VAL, and PSWAP are gonna moon soon.
Ok class, everyone sit down now: OP Q1: *"You thought a coin is worth $20, so you bought it. But why didn't you buy it when it dipped to $10?"* A1: Because it's looking like a total loser, and I already have liability 1! (PSWAP anyone?) OP Q2: *"30 / 2 = $15"* A1: What has that "equation" got to do with topic anything? (ooooops, that is a question to a statement, sorry!.....but that's what you get when you type stuff from outer space logic haha) **Ok, that's enough.** I would like to remind everyone that posts like this provide no actionable trade value, as buying more of something that sucks does not in fact make it any better (ie: suck less). What it does do is get you more of what has sucked so far-every single time. **Now, everyone it is RECE$$!** So hurry out onto the playground and get out your phones and DO NOT BUY MORE STUFF THAT SUCKS! :) *Class dismissed.* (hey-is that a poison apple full of razor blades on my desk?)
You are wrong. Unless you are a Section 475 Trader (I am), the Wash Sale Rule will prevent use of the loss vis a vis taxes. That said, loss selling to obtain better entry can work great, if done correctly. As for the weather analogy, that doesn't fly in major draw downs. Pull up a chart of PSWAP if you want to see that. There really is no way around managing assets actively, if you want to maximize gains in any highly volatile asset. Good luck!
Should I "just hold" PSWAP? Began at \~.80.....has hit <.02? Blind narratives will blind you. ;)
**Yes, ditto with jumping out of airplanes with a parachute.** *Which is why it is a very good idea to learn how before that leap. :)* So instead of doing something lame because one does not know how.....why not get help and do it right that first jump? PSWAP HODL anyone? NEXT........
sure.....DCA your way down to hell take PSWAP for example...... great narrative in Q1 2021..... \~80 cent start (ohhhhh buy that launch, get in oily, what could possibly go WONG?!) dip .60 BUY! dip .40 BUY! dip .20 BUY! dip .10 BUY! dip .5 BUY! dip <.02 BUY! (so far that one is working, but because you HODL, it too will soon suck) Wanna see a "pro" do this, dial up Vixcontango's Steven Anniston.....he will charge you $995./yr for this great advice-which I am giving your for free! (such a deal) DCA is fine for ascending assets, and if you know for sure which ones those are-please clue me.....because after doing this professionally full time for 20+ years-I certainly do not know *for sure.*
sure.....DCA your way down to hell take PSWAP for example...... great narrative in Q1 2021..... \~80 cent start (ohhhhh buy that launch, get in oily, what could possibly go WONG?!) dip .60 BUY! dip .40 BUY! dip .20 BUY! dip .10 BUY! dip .5 BUY! dip <.02 BUY! (so far that one is working, but because you HODL, it too will soon suck) Wanna see a "pro" do this, dial up Vixcontango's Steven Anniston.....he will charge you $995./yr for this great advice-which I am giving your for free! (such a deal) DCA is fine for ascending assets, and if you know for sure which ones those are-please clue me.....because after doing this professionally full time for 20+ years-I certainly do not know for sure. Good luck! :)
That's off topic. Comments stand. *The issue is not if DCA can keep newbs from jumping in at the wrong point, or even averaging down on a failing coin asset (PSWAP anyone?).* Want to have a discussion? Stick to the topic and don't play three card monty with it haha. Have a nice day! :)
Not if your asset falls in value. PSWAP anyone? Etc. Beware the narratives.
And then when PSWAP goes from 0.80 to 0.02, and they "get it" again. :) *Beware the pretty shiny narrative.* I know your intentions are good, and you have been around the barn..... ....but farming isn't for everyone, and crops do not grow themselves.
XOR, VAL and PSWAP, the holy trinity
$XOR - honestly this should be a top 20 coin but they just don't have a good marketing strategy. They've developed the Polkaswap Dex (PSWAP) and have a multimillion dollar company behind them in Japan (Soramitsu) and a tie-in with an African state Bank. But as I say, nobody really knows they exist!
Sora (XOR) and the whole VAL PSWAP ecosystem. Communication fryom dev team is abysmal. Marketing is even worse.
LISK from 2018, PSWAP from earlier this year. Yeah I bought some at ATH