Here is the thing; they were not speculative coins. They were deemed legitimate by this sub. IOTA, ICX, NANO, OMG, REQ, XRP etc. They had all of the bells and whistles of a solid project that would survive the winter. Therefore, people had no problem DCAing into those coins. They got burned. I see people making the same mistake with their precious new altcoins. Thinking that their coin is "different". It isn't and they will find out the hard way
ALGO. I don't doubt any of the hype. I don't doubt the project. I just know I'm not going to buy any. The shilling in this sub gives me 2017 alt craze vibes and I know how bad I got rekt back then by shit like Waltonchain, Tron, REQ, iota, and potcoin
I bought a good amount of antshares very early. What later became NEO I don’t even want to know how much. Same with XRP. Got ETH at around 20$. I was in the ICO of REQ for a good amount but couldn’t hold until $1. All of the above and more would have been millions had a held onto them. I did take good profit just before crash in 2017 but it could have been so much more.
Oh boy. Here goes. ICP - $300 to now. REQ - $0.90. Sold in 2019. Watched it moon. TAP - $0.60. Looks dead right now. KOTO inu - rugpull. ETC - $35. Sold at $14. Then watched it moon to $160. IOTA - $4. Sold it in 2018. GME - $300. Still holding. ICX - $7. Sold this year. OMG - $15. Sold this year. Lots of losses over the years but I had more gains to come out on top in the end.
Bought ENS @ 77 Sold ENS @ 51 In the 11 years I have been in Crypto, that's probably the most I've lost. But then again, I have so much Zombie coins that if I sold them, I'd lose money. My best trade was probably REQ this year. Dusted off the wallet and sold when it came alive. I only lost 2%! as opposed to 60%!
All fair points but I draw the line when it comes to social media marketing. If devs don’t do the bare minimum of daily postings on various social platforms and give consistent updates on the project then they’re putting themselves at a pretty severe disadvantage in this day and age and considering how little effort it takes to post enough to stay relevant in algorithms, if these people don’t out then fuck them, they deserve to be chewed out by their investors. Case in point: REQ (Request Network). I own a business, without consistent marketing I don’t exist, no one knows about me and people will go to my competitors who make objectively inferior products because those guys are not afraid of putting themselves out and promoting themselves. Business and finances are the most brutal, politically incorrect industries out there and if you think you can be a timid little beta male and dominate any market you are in for a very rude awakening. The history of successful businesses has more to do with advertising, branding, marketing and virality than the actual products and services. In a politically correct world, it would be ALL about the value of the product/service and a lack of tweets or Reddit posts wouldn’t put a dent in the company’s ubiquitousness. But we do not live in that world and never will. So if devs need a kick in the ass they’re going to get one from me, they’re not getting coddling or sympathy.
REQ once it adds fiat functionality, my company is already onboard with testing it out with one of our business partners as a pilot once this becomes available. Instant payment to the seller with a NET 30/45/60/90 payment requirement for the buyer based on the contract is game changing. Smart contract processing damage claims with set parameters also will take 2-3 hours out of my already too busy to keep up with day.
Request Network allows for invoicing and settlement business 2 business, or between merchant and consumer, in any crypto Request supports. They are currently integrated with Chainlink, MakerDAO, and others as a payment solution. It allows for settlement with both stable and non-stable coins. The crypto Request uses for its smart contracting is called REQ.
As someone who has been here since 2017, its really hard to take overly shilled projects seriously anymore. We had IOTA, NEO, WTC, REQ, NANO, and other projects as the next best thing back then and most of those projects are forgotten or still havent reach previous ATHs. But again id have to look into ALGO to see if it deserves everyone shilling it...
I bought a little bag of REQ (which I'd never heard of) because someone shilled it here and I thought they seemed convincing. After it lost a few cents for most of the time I held it, imagine my surprise when I woke up one day and was suddenly able to sell it for 4 times that amount.
I kinda laugh at how salty he sounds about when DOGE's price took off as it's gonna bring a lot of regulation etc with it... Okay dude, surely that's a good thing for the space? I barely watch his YouTube content because it just seems like he's constantly ranting about something or other. Sucks though I decided to buy IOTA and REQ in late 2017 and not Cardano for 3 cents each :/
I didn't even study I got denied to finance a Z4 in 2013 and out of rage and impulsivity, I tossed my down payment towards the magical internet money - BTC I personally didn't take a deep dive into crypto until 2017 - which then I learned more about alt coins. To be honest, I shouldn't have done a deep dive because 1/4 of my BTC went into zombie alts. REQ was my largest bag and I finally was able to get rid of it close to break even. I still have a few more zombie coins that is just sitting there because I refuse to take a huge loss lol
lol I remember when I bought REQ back in 2017. Yeah it was shilled a lot back then but it remained low after the crash all up untill recently! They just reached an agreement with Sandbox to process their payments so that was pretty big news given that there was no hype whatsoever around the Request project itself. It's good to see some of the '17 vets being alive and kickin' today so I wish them all the best :D
Hey man, I really only have bones to pick with one coin you're mistaken on: >Also the second most upvoted comment in that thread also highly recommend ENG: > >ENG ENG now trades as **SCRT**. It also has a very profitable staking return. It's currently at \~$5.01, so even if you bought the peak of ENG you should probably be up by now if you were staking... unless, you didn't swap. ​ >REQ REQ was trading at the lows of sub 3 cents - 4 cents for about a year during the bear market. Not a bad return, for anyone who didn't buy the peak. Or if they did, hopefully they DCA'd, as the project is around, alive, and doing very well with adoption. Just imagine if they onboard a big/very well-known retail client. But you're right, still below the peak.
I got in early so was luckily still well up when I pulled the trigger. Moved it into MATIC and LRC (and a small bag of REQ) and they've both recovered beautifully. You have a good day too mate and may the crypto gods shine on you.
I like this premise but I've always been a pretty boring buyer. The most "moon potential" project I bought into was REQ, which was basically a mix between XRP & NANO, and aimed to be the coin everyone would use to pay with! Held it for 3 years straight & was down 85% at one point, it's had near zero updates this entire time. Then about 2 weeks ago they out if the blue partnered with some NFT marketplace I've never heard of, and I sold my oldest bad for an $80 profit. The only reason I kept it all this time is to remind myself not to buy into small cap projects (w/o proper DD), was a blast from the past waking up seeing it green though. This is a great idea, looking forwards to other people's answers.