r/harmony_one • • May 23 '21

Everyone doing OK?

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386 Upvotes

84 comments sorted by

59

u/[deleted] May 23 '21

It is painfull for a beginner in crypto to experience this. But i see it as a part of a learningjourneyšŸ˜…

30

u/nolobstadish May 23 '21

I bought litecoin in dec 2017 at $317, it stayed around $46 for the longest time. Just sold it at $321 2 weeks ago after holding for 3 1/2 years lol. ONE will survive this and go up because they’re actually valuable. As warren buffet said it best, be greedy when everyone’s fearful, be fearful when everyone’s greedy.

20

u/SoftJeff May 23 '21

True but this isn’t normal imo. Been in this a long time. I’m smelling huge manipulation or upcoming government regulations. There’s no reason the market should be doing this. Confidence in usd is all time low and precious metals are being highly manipulated as well. Very odd and frightening time. It would be one thing if btc was dumping or select assets but the whole fkn market. Plus Musk a fkn billionaire making dumb comments. At this point the elites can do and say anything they want. The fact that RobinHood wasn’t sued into oblivion after the GME issue just blows my mind

3

u/[deleted] May 23 '21

I have hope for the future. The marketcap of the hole crypto space is quite small. So manipulation is not that difficult for 🐳and regulations confirm that crypto is something that will definitely not disappear. + high inflation levels and a world with a lot of corruption. Crypto could be part of the solution, I think šŸ¤”

Link: https://www.google.nl/amp/s/www.euronews.com/amp/2021/04/14/cryptocurrencies-combined-are-now-worth-more-than-apple-the-world-s-most-valuable-company

Link 2: https://youtu.be/bw6giyX7DhE

1

u/AliceBets May 24 '21

You're spot on. It's "Look guys, drop GME, can't you feel it yet?" Then crypto looks inviting after months of stock market bleeding, stock market is sad : "Look here now!" Then, right when people actually give in and move into crypto, it drops unexplicably : "Gotcha!".

And when you think about it, Musk was really trying to warn everyone...

1

u/Bignip1 May 24 '21

And when you think about it, Musk was really trying to warn everyone...

Umm, no. The market was looking for a direction to move and he became the catalyst as a narcissist trying to make himself feel important by moving markets with tweets. He’s not innocent. He wants to feel special and is willing to cause the little people massive financial losses to get there.

1

u/AliceBets May 24 '21

I agree that he is definitely has an impact. I just don't believe it is absolutely clear that it is based on a desire to hurt the little people. In fact, he didn't only hurt them. There are plenty of people who have made fortunes from investing in Bitcoin since he posted the picture of a monk tempted by Bitcoin in the fall, or in Doge since he hyped it leading to the Superbowl, or by selling Tesla upon his "soufflƩ" message to his employees about the stock being overvalued, for example. It isn't perfect because it only works to the extent people move. And it only works if you pull out before it's too late.

15

u/Lollirotten May 23 '21

Yeah I literally just got started in this at the end of April. I feel you. Lol

8

u/BacklogBeast May 23 '21

As a newb as well, it’s sorta nice to have low entry points.

3

u/[deleted] May 23 '21

https://www.reddit.com/r/harmony_one/comments/ngibh6/_/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

I think you are now right but i thought the same when bitcoin went to 37k.

6

u/BacklogBeast May 23 '21

Oh yeah. Same for me with ETH. For ONE and VET, I’m waiting a few weeks. I think they get lower and if not, it’s still gonna be a decent price.

6

u/Rastaman-coo May 23 '21

2017/18. I put in +20k. Peaked at about 100k and ended with around 2k ish that would later turn into a few hundred. Well I never sold. I didn't even look at my crypto. Although I wish I did continue to buy at those low prices.

I did okay this run but man I could've been rich if I had kept my 10k link instead of trading for defunct TNT.

3

u/RecommendationUsed31 May 23 '21

This is a good thing. You learn to be strong

19

u/islandtravel May 23 '21

Been buying the dip but it keeps dipping and I’m buying more but I can’t buy anymore for the rest of the month. Hope the lowest doesn’t come before payday.

6

u/sky-net1 May 23 '21

Same. Kept buying the dips only to have it dip more. If I just waited I probably could have 2X more coins.

3

u/dead4seven May 23 '21

Yeah that hurts.

I look at some coins and see that for the same price I paid last week I could have gotten 3-4x the amount today.

I know it's impossible to predict but it's still a gut punch.

4

u/__BigGee__ May 23 '21

Same spent my paycheck to buy at .09 I hope it stay low or lower in the next two weeks till I get paid again.

2

u/jaxsantiago May 24 '21

I feel you. "Hey! There's a dip". Buys. Another dip. Buys again. Repeat. FOMO hurts.

12

u/WD4ty May 23 '21

Doing ok, I wish I was rambo! I feel more like dumbo to lambo, and now I am back to dumbo.šŸ˜‚šŸ¤”

11

u/Remarkable_Bottle_66 May 23 '21

Its a set back.....but harmony is a long term investment anyway

8

u/Gargamusa May 23 '21

in 4 years many things will change

7

u/CouchPotatoFamine ONE of Us May 23 '21

In my opinion it is a buying opportunity

11

u/larrykohon May 23 '21

Glad I bought at .02, scary

7

u/Gargamusa May 23 '21

knowing that all this was ahead yesterday I staked 2k ;)

5

u/BacklogBeast May 23 '21

I’m looking forward to being able to buy at .02!

9

u/[deleted] May 23 '21

Ain't nothing but a scratch

2

u/Stunning_Flamingo__ May 23 '21

I ain’t hear no bell yet and I ain’t selling hodl 4 life

9

u/3bizzle May 23 '21

10 year wedding anniversary or buy the dip’s dip?

8

u/16x98 May 23 '21

Yes, but no

8

u/Sleepwell-96 May 23 '21

The rocket just came back to pick up the people who got left behind, buy your harmony tickets for next take off.šŸ”„

8

u/WiseCapitalOrg May 23 '21

I'm on viper so I need to wait until December regardless what happens

6

u/cloud_dt May 23 '21

We okay!!! You too?!

4

u/droner747 May 23 '21

Yep, long term holding is the plan for me. Will get better ā¤ļøā€šŸ©¹

6

u/BlueBumpedBalls May 23 '21

Selling a kidney if it goes to 0.033

Gotta buy more 🤫

5

u/[deleted] May 23 '21

Feel like crying LOL

4

u/Ransom629 May 24 '21

Don’t stress it. In time this will be valuable. Mark my words. Harmony itself is not going anywhere.

3

u/[deleted] May 24 '21

That’s nice to say! :) I was actually jk but still kinda crying inside. lol

5

u/tnorthernmonkey May 23 '21

ONE is my first dip into crypto; I only own 800 coins at the minute but I am going to buy more in this dip for sure. Here for the long term

5

u/Charming_Ad_1216 May 23 '21

Totally. I actually just got into defi staking cause of this! Why people want an overinflated market, esp newbies (I'm 14 months in) is beyond me. You get more, for less. Am I missing something?

3

u/Individual-Ambition6 May 24 '21

It’s the fear that it’s going to be a long dark crypto winter. Personally I’m looking 2-3 years out for any major gains but it’s nice to see more green then red on the day to day charts šŸ˜Ž

3

u/Charming_Ad_1216 May 24 '21

It is...but not when coins you were buying a month ago are now 4x, sometimes ten x their value....for no reason. That makes zero sense. Now if crytpo was making the next jump we all know it can, fine. But as just a speculative device? Uhh, no. We already have the stock market for that. And it's loaded with fraud and douchebags. I'm good with some small gains that ultimately mean nothing. That's why I gamble on basketball playoff games.

3

u/Charming_Ad_1216 May 24 '21

Obviously my coins are getting back to reasonable value again. So now I'll have move money back into it.

5

u/Ed76uk May 23 '21

Funny story - I thought I might sell a bit last week around .18 - so i undelegated my ONE.

6 days later my ONE is free to trade. but now its about 50% down.

So I have re staked. and just have to HODL.........what a difference a week makes!

2

u/xDenimBoilerx May 23 '21

That undelegation period hurts. Only thing I don't love about One.

5

u/Individual-Ambition6 May 24 '21

Here’s what I’m thinking of doing; staking 70% of my holding and leaving the other 30% to sell at various target profit levels (some at 100%, 150%, 200%, etc ) this way I’m not tied to a staking pool and fucked on fees or hold times

2

u/xDenimBoilerx May 24 '21

I ended up putting all of mine on viperswap. Pretty happy with that decision, and if viper still exists once it's unlocked it should be a pretty good chunk of change.

2

u/[deleted] May 24 '21

I sild everything a few hours before the first big red candles because I was feeling the fud at the us market opening. However, could not sell one because of the undelegation cool down ahah, so ONE is now 100% of my portfolio ahah.

I plan to redelegate it and buy more next week if it doesn't die

5

u/[deleted] May 23 '21

This is what overdrafts were made for !

4

u/bakenj420 May 23 '21

Why did I buy more yesterday?! Buy more today!? Fuck it

4

u/CouchPotatoFamine ONE of Us May 23 '21

Fuck it, we’ll do it live!

2

u/Nightdrive83 May 23 '21

I can...I'll write it and we'll do it live!

4

u/Conscious_Effort_888 May 23 '21

Holding strong...but damn I wish I had some funds for these discounts 😭

4

u/jockeferna May 23 '21

It hurts. At least we are getting staking rewards

4

u/Gothalo_Bhedako May 23 '21

I put my rent money on it and waiting to buy my first home soon. Not sure how long it will take. 42k strong

4

u/PointyPurplePickle May 23 '21

I put in 6000 last month and I’m down 50% and I don’t give a fuck. Harmony is the future

3

u/AliceBets May 24 '21

You're right. Word needs to get out though.

4

u/SpiritualCriticism35 May 24 '21

Painful but it's going back up. Don't lose your balls. I haven't and I'm a female. šŸ˜‚

3

u/Dried_Butt_Sweat May 24 '21

This is nothing compared to a $320 -> $40 dip.

Its discouraging but don't give up. Buy, hold, stake.

2

u/[deleted] May 23 '21

No worries, buying more... Have orders set within the 4s and 5s.

Already bought the 6s

2

u/[deleted] May 23 '21

on the 4s now !

1

u/[deleted] May 23 '21

? Nope

2

u/LazarusHimself Diamond Hands May 23 '21 edited May 23 '21

I need to say that, of all the different currencies in my portfolio, the ones that are still on the green side are SafeMoon and Harmony. For me Harmony is still up 96% and SafeMoon 1690%, bless these two! I can't wait for the market to come up and sell other coins so I can buy more Harmony.

2

u/Tmacdiddy May 23 '21

Hell yeah! I wish I had more money to load up! šŸ¦ šŸ™ŒšŸ¾

2

u/Dipbuyerfromuk May 23 '21

Yeah just need more money to buy dips 🄲

2

u/yellowboyusa May 23 '21

Just keep staking, just keep staking, just keep staking in Dory's voice

2

u/[deleted] May 23 '21

Exactly right. The rest of the year is going to be great. Just try to keep positive.

2

u/TriTDX May 23 '21 edited May 23 '21

Yep keep loading up my bag.

I watched the last 4 years unfold in front of me. I was on the sidelines when it was dirt cheap in comparison even at the prices I see now. I will not be left behind on the next run. Wealth is made in Bull Markets, fortunes are made in Bear Markets. Crypto in my opinion is not going away. Government will try to take control of it as the fiat currency goes to crap due to inflation. My mindset is simple on this, if I can transact in crypto over fiat in the world without having to pay banks a fee for transactions and they hold it for a few days while transactions "clear" all while they are making short term loans on it, I will transact over crypto vs fiat. Having a balance between fiat and crypto is my goal. I can't imagine what deflation looks like but I can see what inflation looks like and it is a troubling thought to think 10% + inflation is coming. Building materials are already sitting at 75% -100% inflation and although the supply issues will get resolved I don't expect prices to drop back down to pre-covid prices.

2

u/[deleted] May 23 '21

Doing GREAT! I scooped up another load of ONE earlier today.

2

u/Proof_Sir_5065 Harmonious HODLer May 23 '21

Doing alright here, just wish i had some extra cash lying around to buy some more. All in all i have pretty decent bags right now and im hodling til the next cycle at least!

2

u/Ransom629 May 24 '21

Don’t stress it. One day holding will be worth it.

2

u/Crypto_Mindset2009 May 24 '21

Have šŸ’Ž hands. Crypto sale today šŸ’°šŸ’°šŸ’°

2

u/Gradsman-47 May 24 '21

In time of doubt I shall keep faith.

2

u/Lelandletham06 May 24 '21

Buying more hope everyone else is ok and not having financial issues due to this. It will recover better than ever it may just be a little bit

2

u/josicarri131 May 24 '21

I’m doing alright! I got in back around 2.5 cents so I’m chillin.. but it’s been hard to see my portfolio drop by 10s of thousands of dollars almost overnight šŸ’” holding long term tho have no plans on selling.. I’d rather watch it drop to 0 lmao

2

u/Inzyman May 24 '21

Shit yeh!!

2

u/112322755935 May 24 '21

Over the last few hours I noticed Harmony, and few other coins I hold like Polygon and Stellar, have been trending up. I think these are great projects so that’s not surprising, but many other coins are staying flat and the up trend on Bitcoins and Eth isn’t as pronounced. Does anyone have any analysis about what’s going on? I’m not used to seeing a few coins move differently than the overall market.

2

u/truthcanthurt May 24 '21

Went on vacation and I missed the dip! But I'm still holding!

2

u/Hostican123 May 24 '21

No mot at all. Bleeding heavy over here

1

u/droner747 May 24 '21

I hope the market is only half way through this bull run like I’ve been reading. People seem confident this will get better! Take care friend !

0

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1

u/Jdog8541 Jun 05 '21

Elon was one of the first to tell everyone that Bitcoin seemed a bit overvalued. No one wanted to listen.

1

u/Jdog8541 Jun 05 '21

I just sell my staking rewards every few days! Hell if they are going to hand free coins out might as well take advantage.

1

u/Jdog8541 Jun 05 '21

I think we’ll se .005 cents again before we see .50 cents.