Quote from: Poker Player on Today at 06:22:11 AM

Quote from: babygun on December 08, 2024, 02:40:11 PM

On a side note: I just cashed out all my FUN tokens (had about 17,000 tokens and sold them for 5 satoshis a token). Made a quite huge loss on it but it recently jumped a bit so decided to just sell it all.

How much have you lost in percentage terms? Those who bought at the peak when FBI adopted the tokens and sell now will have lost 90% or so. Well, in your case it was not thousands of dollars, if I don't over calculate what you have cashed out is about $8.5, so if you bought the maximum you invested about $85 or $90. We all hate to lose money and depending on where you live it can be relatively a lot of money but it doesn't seem an exorbitant amount.

I can't remember vividly how much or what was the price when I bought into fun token a couple of years back, but I remember losing 1/3 of the amount of money I invested which is over 50 percent, I invest $100 at the time but when I sold it, I got back around $28, it was painful to be honest, but each time I look at the price of fun token today, I am happy I decided to sell it off at the time I did, for if I was to be selling it now, maybe what I did be getting would be around $2 or something.

Though I understand that there are really some great Altcoins out there that are worth holding for the long term just like bitcoin, but unfortunately, fun token is a great example of what is meant when we are adviced to never hold an Altcoin for a long time.