Double W Its always sign of pump new exchange loading.
I bow to your deep knowledge
itâs w bottom
W for winning!
W bottom means this to me
Iâll just https://www.youtube.com/watch?v=YEVcxDU4QqM around $0.01-2
Funkiest band to ever leave Scotland
It seems my judgment was wrong. There must be a reason the price has collapsed this much. No matter how strong the fundamentals are said to be, and no matter how promising the future sounds, the market is clearly shouting âno.â
Bitcoin may not have changed the world, but it did change the lives of long-term holders.
But a project that hasnât even changed the life of a 10-year long-term holder cannot change the world.
Itâs been a long journey.
There is. Some big holders are dumping at a faster rate than anyone is buying.
Given the quantity of tokens recently released to shareholders etc, itâs not too surprising, even if it is disappointing.
If thatâs the case, it means that even those who have waited 10 or 20 years still find the progress unsatisfactory. When you look at Bitcoin or Ethereum, the ultra-long-term holders rarely leaveâbut here, that kind of situation is actually happening.
The difference is these guys had no chance to sell over the last 10+ years; the tokens have been unlocked for the first time, and the shares were illiquid before.
These arenât all long term believers in the project; some are probably old investors in what they probably see as a failed startup whoâd rather get something back for what they see as worthless tokens rather than hold for longer. Their investment was likely written off long ago.
Also, bear in mind only a small portion of the unlocked tokens have actually been sold, so many are deciding to hold for a better price.
A drop in price means that the supply of ANT tokens being sold in the market exceeds the demand to buy them. In a way, it suggests that the demand to purchase ANT in the market is extremely low. It may be difficult to analyze exactly why that is, and it seems we just have to accept it as it is.
My final price support level at 0.04 has been broken. At this point, it feels like this project is outside my risk tolerance.
I never imagined that investing the BTC I held into this project would turn out to be such a big mistake. I hope better days eventually come for those who are still here.
The upside is when (?) ANT hits $0.01, itâll be so cheap that surely the OGs and diamond hands will vacuum it all up and we can start trending up.
50 million ANT giga-whale gets their bag on Friday and Iâm sure they are watching (and likely commenting on) this thread. If they are in a locality where claiming the token is a taxable event, they had every incentive to drive the price into the ground over the last month and shake out any loose tokens from weak hands, right at the moment when the technology is more stable than its ever been. The market is so thin its easy to yank it around and the OG crypto folks have been playing this game for years now. As the great George Carlin once said: âits a big club, and you ainât in itâ.
All that said, once the incentive to drop the price is over, the only incentive is to raise the price. Just as fast as the whales drive it down, they can (and do) drive it back up again when they slowly start buying the loose coins. FUD will continue and likely amplify as they try to accumulate as much as they can at the bottom they created. Call their bluff. Wait a few months and see. At these prices, what else do you have to lose?
Not financial advice, I donât know what Iâm talking about, if you listen to me you will lose money, etc. etc.
disclosure: Iâm still buying
What does this even mean, your stop loss hit, youâre selling here or just stopped buying?
4 cents is a random number for price on our chart technically, it has no support. It is price discovery to the downside here, youâll find decent support around 2 cents looking at MAIDS price history with a likely bottom of 1 cent.
EDIT: doesnât mean current price cannot be the bottom but i guess unlikely :- )
People who are looking to buy have a lot to look forward to.
It seems that my mistake was expecting too much from this project at early stage. Itâs still unprepared. I now realize it was a mistake to believe it could instantly change the world. Iâm going to acknowledge that and try to view the project more objectively from now on.
This ainât no get rich quick scheme, sure, but nothing worth doing ever is. Your hunch is spot on though, this network is very unique among network topologies and the core concept is brilliant. It really can change the world. It took a long time to get here with many starts and stops, but it is finally here and working. Look at where we are: Apps are coming. The team is grinding away on the network fundamentals, as they should be. Whales are jerking the price around now because they see the potential. This is only the beginning, we have a long way to go, but donât let recent FUD cloud your intuition. You were one of the early ones that saw its potential while 99.99% of the world didnât know it existed at all. Think about that for a minute.
Getting too deep over here, shouldnât have drank that last beerâŚ
The key to any business lies in whether it can consistently retain customers at a reasonable cost. In the case of the Autonomi project, the secondary customer is the team, and they seem to be holding together well. The primary customers are app developers, but it doesnât seem like their numbers are increasing yet.
Are the APIs or documentation still insufficient? Or is there another reason?
I think the current batch of devs are figuring out how to do basics with the network, and the team & community is working together to learn from the experience to try to improve thr APIs, and maybe even tweak data types to improve network flexibility.
Once the groundwork is set for app development (improved APIs & documentation, examples of working code) it should become easier for others to build on it. This should happen fairly quickly with Impossible Futures etc. Itâll be exciting to see what people can do with the network.
Itâs a bit weird⌠I wasnât enjoying the dumping, but now Iâm fearing it not getting to 0.02 / 0.01 where I want to load up on some more tokens
None of this increases the total supply, so if the network eventually succeeds & gets a decent market cap, this dump will have helped Autonomi-optimistic risk takers do very well indeed.
if you want to buy more but fear price will not go lower, you just dca :- )