Nice work M'leev. Or you could actually even buy again now or soon if it goes a bit lower
The thing about cashing out is... once it becomes money in your bank, it feels more real. Now if I go back in, I'm like "do I really want to risk all this money on crypto?"
Anyway, I still have some left in to play with.
By the way, this was what Vidale said at the time:
With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.
Your signature is a prime example of the issue, one I predicted in early 2016 and this year being the culmination before the inevitable crash. Slap together a 'whitepaper', throw around terms like 'disrupt', 'immutability' and 'powered by blockchain technology', add some 'advisors' (like Max fucking Kordek or some obscure Russians) and voila, rake in the cash of noob investors, never release a viable product or attract a serious target audience and run away when the bubble bursts.
Your signature is a prime example of the issue, one I predicted in early 2016 and this year being the culmination before the inevitable crash. Slap together a 'whitepaper', throw around terms like 'disrupt', 'immutability' and 'powered by blockchain technology', add some 'advisors' (like Max fucking Kordek or some obscure Russians) and voila, rake in the cash of noob investors, never release a viable product or attract a serious target audience and run away when the bubble bursts.
... of course, we could be back over $110bn market cap in a few days. Nobody knows for sure.
Ah yes i remember that post, it was a good one and got me thinking about the "bubble" issue. I can see where he is coming from but as far as coverage from the local media goes in Australia, the space is still just a baby and many people are only just now starting to talk about it. Imo there is more to come, Google Metrics indicate that curiosity is still growing. But as you said, who really knows. Putting that part about Max Kordek amd some obscure Russians was absolutely gold lol, cause its true.