[QASH] I think I just bought a shitcoin

[uchiha.jain]

The price (0.656 on bitfinex) when I bought it was dropping fast and was about to touch the bottom of Bollinger band. I got impulsive and overconfident after a few good days, haha. Spent ~$500 without even knowing what the coin is for. Now I'm conflicted.

On one hand, the coin seems pretty unique and useful aiming to provide liquidity between exchanges. (ref, haven't gone through all the videos atm but I will soon).

On the other hands, this price chart is exactly what a shitcoin looks like.

Now perhaps the smart thing to do is sell for a slight loss but the aversion to loss is so great that I physically can't, lol. And I got so mad at myself over this that I'm just gonna see this to the bitter end. The $500 will either be 0 or 5000 in the end, haha.

Lesson: Do not FOMO and research thoroughly before jumping in guys.

 

[awesomewebsites]

Thanks for warning all of us. All the best for future investments.

 

[RafaViQ]

I don't think it's a shitcoin, but you won't make profit fast.
You will need to hold the coin for a while... maybe a month.

 

[uchiha.jain]

Thanks for warning all of us. All the best for future investments.

Thanks brother, you too.

I don't think it's a shitcoin, but you won't make profit fast.
You will need to hold the coin for a while... maybe a month.

That's what I plan to do. I'll report back in a few months either ways.