Ahhhh Walton 😂 I remember when it was all out subreddit war between WTC and VEN. Walton fan bois would come over to Vechain and spam the sub telling us how their token was going to wipe vechain off the face of the Earth. I guess they picked the wrong side
I was looking deep into WTC and VET at some point. After some research, I put a lot of funds into VET, and $100 into WTC. I cashed out that $100 WTC for $30 maybe a year later, yet I made my money 10x over with VET, and am still heavily invested in it.
> Back in the '17-'18 alt coin frenzy I lost a decent amount of money on WTC, Same here, it was my second bull market and I STILL lost money on WTC. Its always hit and miss. Ironically after losing money on WTC, I loaded up on lots of BNB late 2017 when it dipped below $1 😂 You win some, you lose some. Thankfully in crypto, the ROI is so absurd, you can get a couple of wins and wash away your L's.
> The fool wonders why Alts are so cheap; the wise man asks why they are not $0. —Benjamin Disraeli 6 years ago /r/cryptocurrency was packing their bags with cheap ALTS while BTC dominance was rising: - Buying up all these dirt cheap altcoins while people try to catch the bitcoin pump - My DNT bags are so filled - Any suggestions for alts to pick up? - Ark, OMG, LINK, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor https://np.reddit.com/r/CryptoCurrency/comments/75ayv6/this_is_me_watching_people_sell_alts_at_a_loss_to/
> buying opportunties! just because shitcoin scams are down -90% or more doesn't mean it's a buying opportunity 6 years ago, /r/cryptocurrency was excited about buying **cheap alts** - Buying up all these dirt cheap altcoins.. - My DNT bags are so filled - Any suggestions for alts to pick up? - Ark, OMG, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor - Omg, neo, ubiq, vertcoin, komodo, stratis... take your pick https://np.reddit.com/r/CryptoCurrency/comments/75ayv6/this_is_me_watching_people_sell_alts_at_a_loss_to/
I found out about it in May 2017. A non technical friend said he bought two but another friend acquintance bought more at 11$. I was going to mock them, but I thought to myself that I should maybe take a look and mock them after. Joke was on me. After I read about it and read about what bitcoin was actually doing, I understood the potential. I was hooked when I read about smart contracts. Started buying (I was poor at the time, 600$ income) during all the summer. Rode the first bull run ( that was a hell of a ride). Saw it go to 1.400 then to 80. Never sold. Not even shit coins like WTC. I was sure cryptopunks was also going to be big but couldn't fathom giving 2 eth on them. Continued to buy small amounts while prices were 100$ - 300$. Before the switch to proof of stake took place, I took out a loan to buy the remaining eth to buy a validator. ​ Rode the second bullrun. Man I should've learned something and sell my alts. Joke's on me again. ​ During all this time, I preached it to everyone I care about. No one, NO ONE listened, although they view me as the smart one. Maybe they were right to not invest, only time will tell. ​ ​ I hope that ETH (or "crypto") lives up to its promise. I want to live in a descentralised & distributed world.
I also started off investing in Vertcoin even though I didn't understand what "ASIC resistant" meant or why it was important. Then WTC caught my fancy and I remained invested well beyond [the infamous tweet](https://news.bitcoin.com/single-tweet-wiped-90-million-off-waltonchains-market-cap/). I like to think I'm much better at spotting scams and cult thinking now. There's stuff in the top 10 that I would definitely avoid.
In 2019, Shitcoiners were packing their bags with cheap ALTS while BTC dominance was rising: - Buying up all these dirt cheap altcoins while people try to catch the bitcoin pump - My DNT bags are so filled - Any suggestions for alts to pick up? - Ark, OMG, LINK, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor https://np.reddit.com/r/CryptoCurrency/comments/75ayv6/this_is_me_watching_people_sell_alts_at_a_loss_to/ In 2019, Shitcoiners were making fun of "Maxis" and people who catapulted in Alts: > And the cycle repeats. The maximalists are bragging about how bitcoin is going up in dominance (just like what happened in 2017 before the alt run), people are losing hope on alts and are becoming maximalists. > inb4 when alts pop, these maximalists shut up, and those who capitulated regret losing money https://np.reddit.com/r/CryptoCurrency/comments/cmyhyq/daily_discussion_august_7_2019_gmt0/ew7bduz/ In 2023, the same Shitcoiners posts look awfully similar to BTC Maxis: > To the new comers, to those who are holding ETH and alts, you are about to experience first handedly why they say "btc is king" https://np.reddit.com/r/CryptoCurrency/comments/10jrpkm/daily_general_discussion_january_24_2023_gmt0/j5obw2n/
> This is a misconception coming from the 2016 cycle...top alt coins in the following cycle didn't dissapear like that. And most of the ones in the top 100 are still around, and for the most part survived the current bear market....It's not until after 2017 that the real alt coin market established itself You're scamming yourself and other noobs by ignoring the facts. - From the summer of the 2017 bullrun, there 88 coins in the top 100 are out of the top 100. Most with little to no real volume and/or delisted https://coinmarketcap.com/historical/20170627/ - From January 2018, there are 80 coins in the top 100 are out of the top 100. Most with little to no real volume and/or delisted https://coinmarketcap.com/historical/20180108/ Crypto is still a pump and dump market where projects "vanish into oblivion." Here is how it works. Create a meme tech shitcoin scam where scammers create a shitcoin, keep a fat percentage of the supply to themselves, hype up a use case, pump the limited circulating supply and keep dumping on gullible "investors" and get filty rich Learn from noobs 6 years ago who thought they were smart packing their bags with these cheap ALTS while BTC dominance was rising: - Buying up all these dirt cheap altcoins while people try to catch the bitcoin pump - My DNT bags are so filled - Any suggestions for alts to pick up? - Ark, OMG, LINK, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor - Omg, neo, ubiq, vertcoin, komodo, stratis... take your pick https://np.reddit.com/r/CryptoCurrency/comments/75ayv6/this_is_me_watching_people_sell_alts_at_a_loss_to/ I warned noobs in 2019, most meme tech hype token dump projects don't pump much in the new cycle and make room for new shitcoins which don't have an army of bag holders looking for an exit price and this is exactly what happened. > Don't worry, a new round of shitcoins will be coming with new hype. Soon people will be shilling about Cosmos, Polkadot, Hydera Hash, Fantom, Radix, etc. Some of these other coins that are in the top 25 will be gone the way Stratis, Golem, MaidSafe, Bitshares, SingularDTV which were in the top 25 at this time in 2017. https://np.reddit.com/r/CryptoCurrency/comments/bjohvq/daily_discussion_may_2_2019_gmt0/emd4p9j/
> Ark, OMG, LINK, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor Well some of these would still give big profits if they bought at the time of the thread and sold at all time highs. For example if person bought $100 of Link at the time of the thread and didn't sell, at one point in 2021 their bag would've been worth around $12,500. Even right now their bag would be worth around $1,350. I know most altcoins will fail, but that fraction of them, if according to history, could give out pretty big gains. Right now a lot of thesea re at all time highs, yes there's a huge risk they could drop another 90%, but there is a decent possibility this investment could skyrocket during next potential bull run.
Remember that smart investors don't sell ALTS at a loss to buy BTC's rising dominance! These astute investors from 6 years ago were packing their bags with these cheap ALTS! - Buying up all these dirt cheap altcoins while people try to catch the bitcoin pump - My DNT bags are so filled - Any suggestions for alts to pick up? - Ark, OMG, LINK, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor - Omg, neo, ubiq, vertcoin, komodo, stratis... take your pick https://np.reddit.com/r/CryptoCurrency/comments/75ayv6/this_is_me_watching_people_sell_alts_at_a_loss_to/ So why would you FOMO into BTC rising dominance again when you can buy this cycle's hedge fund meme tech token dumps that are now cheap? - Avalanche 76 Million to 326 Million since 2020 (330% inflation in 2 years) - Hedera 6.6 Billion to 30 Billion (400% inflation in 2 years ) - Algorand 1.1 Billion to 7 Billion (530% inflation in 2 years)
Remember that smart investors don't sell ALTS at a loss to buy BTC's rising dominance! These astute investors from 6 years ago are all rich now after packing their bags with cheap alts! - Buying up all these dirt cheap altcoins while people try to catch the bitcoin pump - My DNT bags are so filled - Any suggestions for alts to pick up? - Ark, OMG, LINK, WTC are all pretty cheap compared to their ath right now. But so are most coins so dyor - Omg, neo, ubiq, vertcoin, komodo, stratis... take your pick https://np.reddit.com/r/CryptoCurrency/comments/75ayv6/this_is_me_watching_people_sell_alts_at_a_loss_to/
To be fair, steel loses a lot of it's load capacity way before it melts so yes a "carbon based fire" eg wood, paper, jet fuel,...can lead a steel frame to collapse depending on how much security margin was built-in. (yeah it's obvious the jet crashing alone was probably the bigger issue in WTC and people greatly underestimate how fucking sturdy airplane wings are.)
>DeepBrain Chain (DBC), Walton Chain (WTC), WaBi, Ethos (BQX), Zilla (ZLA), BitDegree (BDG), LUXcoin (LUX), Qlink (QLC), SophiaTX (SPHTX) or IoT Chain (ITC) With all these coins mentioned, I am more eager to accept that some of the coins I believed in 2021 will eventually die out in the near future if not dead already
>DeepBrain Chain (DBC), Walton Chain (WTC), WaBi, Ethos (BQX), Zilla (ZLA), BitDegree (BDG), LUXcoin (LUX), Qlink (QLC), SophiaTX (SPHTX) or IoT Chain (ITC) I've honestly never heard of any of them and I'm in crypto for more than 2 years
>I can remember buying all kinds of Shitcoins back in the days like DeepBrain Chain (DBC), Walton Chain (WTC), WaBi, Ethos (BQX), Zilla (ZLA), BitDegree (BDG), LUXcoin (LUX), Qlink (QLC), SophiaTX (SPHTX) or IoT Chain (ITC) because they were shilled on multiple places on the internet. Ah a shitcoin connoisseur just like me back in the day. Just look at my tag. Neo, the og Ethereum killer or Chinese Ethereum as it was called back then. Culled my full shitcoin portfolio with like dozens of coins down 95% to 99% in like 2019 and just kept BTC,ETH and BNB.
Invested in WTC with $2000, accumulated til $45000, my dumbass didnt sell. And yeah come to find out the project was all wishy washy with fake partnerships and inside jobs. Then that shit went away in a blink of an eye. Invested in Antshares when it was cents, sold when they “rebranded” to NEO, walked away with $20,000. My buddies held on and sold at its peak and now they dont have to work anymore. These are my biggest L’s but you know, you live and learn.
> OMG i can’t believe I won 🙌 🚀❤️ Bro LMAO, that shit was SO hilarious. I was a HARDCORE WTC fan back then too man. I was trying to get people to forgive them for that stupid nonsense. But the meme was too strong, and fanboying never pays off. 💀💀💀
I am going to be honest too OP. First of all, thank you for sharing your story. I also made big losses next to some good earnings. At the end of the road still in red due to mistakes. Most two harmful ones were FOMO and greed. I also took a look at my investing. Some moments were legit very good and would be rewarding if I did not swing trade or FOMO’d in something else. My biggest noob mistake was investing in Walton Chain (WTC) and did not had done enough research. During the first crash in the bull market (march/april 2021) I lost almost all my earnings. Had to grind and trade for two weeks addictively to get the earnings back. Eventually the market crashed again after those two weeks and I was trapped in emotions. There is another mistake: Investing with emotions. Ironically I put in all my left out earnings and investing amount into ETH. If I did not swing traded/FOMO’d again I would be a very happy investor at the end of 2021. Then again, this wasn’t the case. As were my positions in AVAX, KSM, DOT and ADA. If I just went steady long term it would be all very rewarding. I also was very early on the RNDR token. Loaded up before it went sky-high. I sold them all at $2,70 something. I took my profit and learned from an earlier mistake. To not be to greedy on a bullish eyesight. In the end I invested in a token that I do not want to speak about fully due to my own interests and investments. The project is luckily still going strong and started months before the financial crash of Bitcoin due to facts and rumors back in december 2021. I am in the red due to this. I could have gotten a profit of 700% but again was too bullish and did not think of negative scenarios. What I learned is that I should take profit on time, maybe not always all the tokens of a project at once as RNDR pumped to $8 something after I cashed on the $2,70 something. I could have kept 10/20% going. I also learned the hard way of not FOMO’ing into everything that sounds interesting and especially the too good to be true stuff. Aside of that I found out swing trading can be a pay-off but a big loss too if things go south. Nowadays I only buy when prices seem worthy of profit in the easiest way thinkable. I also do better research since the beginning of the 2020/2021 bull cycle. I barely have to ask around for information or advice (advice is 99% not useful in this crypto market in my opinion). Let us have a profitable future bull cycle OP. Cheers to that.
Thankfully I never re-married this cycle. But I was married to WTC, EOS and INS. Cashed out when BTC topped last cycyle, threw my fortune into these "long term" investments. Held WTC all the way down to 99.99999% of original price. Held INS until they rugpulled in 2021, and exited EOS at a large loss in 2021. This cycle, I stayed away from alts, as I knew the story! Bar maybe 5 alts, all other alts are a clever scam to steal your BTC/ETH, nothing more, nothing less
ok, except if you do some research ! How about- the fact that literally NOTHNG from the official story makes any sense whatsoever? WTC7 free-falling, collpasing without being damaged, without 20 seconds? These towers are plane and fire proof, they don't crumble to dust if a pin has a small fire. What about the $2TN missing announced the day before, and the records destroyed the next day? What about the orders to ignore any aircraft in unauthorized space due to the 'terrorist training activity' that day? Or the nonsensical things such as the blackboxes being destroyed, but the passports surviving? Or the 90 degree perfec tangle cuts and molten steelstill too hot to approach weeks later? The impossible calls.. im sure I am issing 99% of the BS but the physics-defying stunts should be pretty obvious.
- How many buildings fell in NYC on 9/11? - How many buildings in NYC were hit by a plane? - Of the THREE buildings in NYC that fell on 9/11, which one did the NIST admit in their final report actually feel at free fall acceleration?!? (HINT: The one that DIDN'T get hit by a plane ended up falling at free fall acceleration.) WTC 7 is the smoking gun that conspiracies are TRUE, and if you just Google which other government consistencies in the past 100 years are true, you will definitely end up with more than a dozen IRREFUTABLY *TRUE* Conspiracies on the first page alone. Doesn't take much digging to find this information....
I learned my lesson in 2018 when all these "revolutionary" coins that were going to "change the market" dumped hard and never returned. ARK, NEM, OMG, WTC, EOS and NEO come to mind. I remember shillers here posting shit like "you're crazy if you're not holding this coin now!" and "lol imagine not holding that coin! U don't like money??"... only to see them sink to the abyss.
Haha no, maybe not, i definitely remember Luna being a hot favourite for a good while here, until it wasn't. I also remember WTC and XLM being wildly popular for while. At the end of the day its your money, and noone knows shit about fuck, including myself.
WTC and XLM stung me bad. Traded hundreds of bnb and eth at the start of 2018 and fomoed in near the top, and then didnt look at the charts for months. Imagine my surprise. Sold another few hundred BNB at the start of 2021 setting myself up in a stable position (house etc), missed the bullrun in its entirety almost. Bought in again late 2021 when i had some more disposable income, then decided i better get in it for the tech because i was really screwing the pooch with the whole making money side of things. Somehow managed to lose money from 2016-2022, lesson learnt, i diversified, started DCA into a number of coins, staked most of them, and now im comfortable with the red because i can average down, substantially. I am a victim of fomo
2017 -2018. Walton Chain (WTC). I was new to crypto and this seemed like it was going to be absolutely massive. They had some chairman on some kind of global cellphone manufacturing board and some RFID chip was going to be embedded in every phone. They were going to be running smart cities in Brazil and automate crop data from farms and have child chains, and they were also part of some massive Chinese initiative called OBOR ([a real thing](https://en.wikipedia.org/wiki/Belt_and_Road_Initiative)) and had meetings with the highest levels of Chinese government. They had RFID devices that were going to automatically track shipping packages via blockchain without the need for any scanning. They opened a blockchain university in Korea in order to fill technical roles in the company instead of trying to recruit talent. And who could fake that kind of maneuver? Then they few out some key members of the subreddit to their offices in China, who returned with vague promises that WTC was going to be so much bigger than anyone had imagined. They launched a child chain around art that nobody really knew anything about. There were lots of warning signs, but a lot of the warning were coming from members of a rival group VeChain, and there was quite a bit of concern trolling coming from them, which probably only furthered our resolve. Some warnings should have been obvious, however: They announced a partnership with Tencent, and then took the announcement down the next day without explanation. There was the famous contest winners tweet, which was claimed by someone logged into the official twitter account. None of the partnerships seemed to pan out and the links to partners on their website sometimes pointed to nowhere and nothing. And the subreddit started censoring everyone and the AMAs didn't answer some basic questions/problems investors had. Eventually it all added up to either an obvious scam. But it was hard to see it that way until I finally sold.