have significant amounts and are simply taking profit, diversifying, chasing other quick gains, etc.
When the whales dump, many smaller investors - who have decently significant bags - get scared and start selling, causing these cascades downward. Those were the many emergency end stakes we were seeing AFTER d01 “helped” establish the current downward trend.
People focus on d01 - how he is a dumb pleb. Well, he has a huge amount of money and still has a huge amount of hex - staked short and long term. He is FAR better off than most in all the chat rooms.
Like in past dumps, I now see several “never sellers” and former Moonbois freaking out - “I bought at 40 cents” - same type of crying as day 1 people, who viscously attacked hex in comments for months. They were WRONG.
I - and others still here - bought day 1 and were were all in an unrealized loss for months - but I and others also bought many times weeks AFTERWARD - that is how we received huge gains.
But There was no track record - all of us back then had to have faith in the project. That’s why I find it so absurd now with the crybabies…
I am hearing “death spiral” and things like that - ridiculous.
Of course, equally absurd are the Moonbois thinking they will be millionaires in 3 months with an investment of 2-3k in Pulsechain. It simply isn’t that easy. Yes, it CAN occur, but people also win the lottery every day - not sound financial or retirement planning.
If Pulsechain does a 20-50x in a year, that will be amazing. The Moonbois don’t realize huge holders will sell SOME - but that will still be downward pressure - even at 10x. So, that will keep prices in check. I am hearing 1000x in 3 months -utterly delusional.
I don’t care if people misconstrued what Richard said, saying he said it could happen. Of course it could happen - but the likelihood of that is very, very small.
The Moonbois simply don’t understand the differences in launches - Hex had FAR fewer investors to start- so that makes those huge, quick gains more challenging (and it still took 7 months for anything significant).
I am in no way saying it will not be successful. A 50x in 3 years is an amazing investment. I know the crypto kiddies say that there are all these examples of much more - but those are all tiny coins with very few investors that pump (and typically dump) - again, more akin to the lottery.
Richard mainly speaks about delayed gratification- and he supports the long term holders. S why so many - supposedly never selling - always so concerned with day-to-day prices and getting 1000x in a few months?
Now, the other side of it - to all of those who think bitcoin and Ethereum are doing so well, how can you not simply look at the chart and for 6 to 8 months? Both (and the majority of coins) have basically done nothing. They are seesawing at the months long highs, but they also seem to run out of steam.
Even if new investors pile in - and bitcoin goes to 100k - that is a great return by traditional standards, but it isn’t at all going to change any of the small or new investor’s lives - yet it comes with the always present significant downside risk.
I think long term real investors are the ones who will be rewarded. Others will come and go ….
Thoughts?
Lol there’s no problem with hex, this is a good size dip but I’ve seen worse (several times) Many stakes ended recently and people have begun to take profit.. plus the weak hands can’t take it. Hex will be just fine
Well there was this women who said she could just go and buy a house with cash over night I think ... not a good idea to say it like that I think
Why not if it is true? I could buy a house too, but why buy an asset I don't need with a yielding and appreciating asset? People still don't get it what HEX is and think they can get away by selling it all, or selling the principal. Many tried and cried latter. It is essential for Hexicans to understand what HEX is.
My stakes ended recently. I took no profit. Just more buying and staking.
That's right Sr. I'm sort of new in this comunity, but I've learned a couple things in my life as a Forex trader... This comunity is really awesome but also full of people who doesn't understand the markets. Like any other asset in the world, HEX price will go up and down (fluctuation) and if someone think this is the exception, they need to look twice into the charts or, at least, try to get used to the idea of "Market Cycles". RH himself, has stated a million times that's how ppl who bought tops sell bottoms to the ones who buy bottoms and sell tops, still it seems like very few understand the meaning behind those words. THE ONLY WAY you may succeed in any market is taking control of your emotions and this is by far the most neglected aspect when it comes to "investors". Complaining about "whales" dumping the market is the most childish thing you could ever hear in the space, because as they say, it "IS a feature, not a bug". In case anyone haven't noticed yet, whales move the prices also up, once they're done accumulating, usually when everyone and their mom is in FEAR and just a few buy the bottom. Then prices go nuts, and nothing but GREED attracts a bunch of people to buy when they see beautiful green candles going up "to the moon" (near the top of course). Then the Cycle repeats. Chasing shiny objects doesn't work well in this bussiness. I bet none of the ppl who are crying and complaining in this group, bought BTC at $30k in the last crash, and NOW it seems like the best asset just because is going up in price, simple as that. In the moment $HEX recovers (and it will, you can bet on it) we'll see this group full of proud ivestors who knew this was the right one, braggin' to their friends and family
I was chasing for the green candles so many times and yes once or twice i was lucky and made some grands profit with grands of investment but if I just bought and holded 1 asset I would get like 20x more returns or 100x + in case it was hex. Just buy stake or hodl (Proof of Wait) is the best concept here and locking up funds even better for paper hands to get some wealth RH is a genius
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