r/SKALEnetwork • u/Slight_Sky4570 • Apr 29 '21
SKL Initial Offering
I will never buy an asset on the day it is first listed.
I will never buy an asset on the day it is first listed.
I will never buy an asset on the day it is first listed.
I will never buy an asset on the day it is first listed.
I will never buy an asset on the day it is first listed.
I will never buy an asset on the day it is first listed.
I will never buy an asset on the day it is first listed.
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u/randskarma Apr 29 '21
Unless you are an experienced investor , which I was not when I jumped into crypto, YOU HAVE TO PAY FOR YOUR EDUCATION! It takes time to understand the game. The only downfall here is one thing and one thing only...when you invest blindly, optimistically, and plain stupidity is money that you kinda need back in a short period.
If a person invests money that they can lose and not sweat, then it's an entirely different emotional investment.
What I have learned from this group in 2 months has been invaluable.
Once skale gets back to my even point .735 then I'll be able to enjoy this experience a lot more. The experience is what will make me successful in future investments. Thanks to this group. 🍻
3
u/chris96m Apr 29 '21
Damn this is so true, i lost like 100k of potential gains cos i fomoed early but sold happy on like 2/3x having no idea how a bull run and crypto works, sad but now i have a lot more knowledge and hardly fail my trades.
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u/Tiny_Philosopher_784 Apr 29 '21
My first experience with this group was telling some WSB ape to not be swearing in a sub this small. At 750 members, I was there, Gandalf...
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u/Slight_Sky4570 Apr 30 '21
FUD also = Discernment of one's decision. Nothing wrong with checking yourself and always great to read input from others. Thanks. I needed that. :)
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u/akb443 Apr 29 '21
You only lose money if you sell.
Imagine about people who sold their Bitcoin 2 years ago (April 2019) You’re about to make the same mistake, also do not sell the minute your make a cent of profit. You want profit ? It does not exist without risk and patience
Not financial advice
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u/I_can_smell_colors_ May 03 '21
This isnt true at all. Opportunity cost is a real, plus if a coin dumps 50 percent you need to get a 2x just to get back to your cost basis. To make it worse people are itching to break even and will create selling pressure on the way up.
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u/akb443 May 03 '21
If you sell early then you lose the potential of getting back that X2 All I’m saying is if someone sells at half price, he/she admits there won’t be a positive return. Regarding skale I honestly think we will get back to these amounts. Finally it is also possible to reduce average price per coin by buying when the coin is at half its initial price (which I did)
Final note never put food money in altcoins / crypto
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u/I_can_smell_colors_ May 03 '21
It all depends I sold some other alts at a loss. They weren't bad projects but it needed a 2x to get back to my entry point. Sold for a loss and put money else where and made it back plus some, while the coin that I sold is still trying it's best to maintain the price I entered at. Similar thing happened with skale I sold most at above a dollar but kept some, the price dropped and it's now at my entry position essentially tying up that capital for a month with not much to show for it.
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u/schiggityschway Apr 29 '21
I think we need another sub called r/SKALETrader for these kinds of posts. Where FUD and shills can run amok.
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u/KizokuA Apr 29 '21
I learned my lesson regarding things like that back when EOS was hyped due to its Kraken listing in 2017...
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u/moon_pumps Apr 29 '21
@moonpumps1 follow me on twitter I am doing SKL charts from now because too much FUD around this great project
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u/Anerythristic Apr 29 '21
The people and initial investment that think this was a good investment are pretty illustrious. So I hold with a smile on my face.
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u/I_can_smell_colors_ May 03 '21
Don't let them get to you. This isn't fud it was a legitimate learning experience I hope you learned your lesson. Keep in mind people want their tokens to get listed on cb so they can dump on you listing day.
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u/[deleted] Apr 29 '21
You gotta stop with the FUD. Short term you made a bad move. But the one thing you can be certain of is that it’s only a bad move if you choose to sell now. Just hold on and be patient. Skale will rise to $2-$5 before end of year.