Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Some projects are fated to doom?
by
ETFbitcoin
on 19/04/2022, 09:48:41 UTC
⭐ Merited by bitmover (1)
Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Hard work doesn't always equal to good work, especially when it's build on top of fragile foundation (e.g. clone another coin source code, fork existing coin network or token without any practical usage).

--snip--
The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

It simply mean NEO price ratio between 2017-12-17[1] and 2022-01-24[2]. 0.24x simply means NEO price ratio between those 2 date. While it's biased, i wouldn't say it's a lie.

[1] https://coinmarketcap.com/historical/20171217/
[2] https://coinmarketcap.com/historical/20220124/