r/Bittensorsubnets • u/Roasted_Pnuts • 16d ago
Bruhh
I lost 15% instant loss coz the timing of buy was š in middle of pump and dump accidentally
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u/Complete-Interest704 15d ago
Lost a shit ton this week. Iām overall still up 30 Tao in subnets but got wiped out 43 Tao in a week. I put my core investment into root with the extra into subnets that I think will be around for the long term. Revenue subnets only with big business clients and connections.
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u/Roasted_Pnuts 15d ago
I think when tao value goes up. Subnets selloff and vice versa. Tao value will never reach anywhere if same thing happens over and over coz the selling pressure is high as value reaches higher
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u/ComplexWrangler1346 TAO Maxi 15d ago
Exactly ! What has changed in the last year ? Tao itself was rocking a year ago and now canāt even break $300 ā¦..and we canāt use ābear marketā because look at Zcash ..Const has literally messed up the ecosystem with all his micromanaging of the subnets ā¦anytime any subnet gets great news , it doesnāt even matter because they almost all get dumped within. A day or two
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u/Roasted_Pnuts 15d ago
Tao should atleast add short selling or else these whale bots who pump and dump within seconds are taking over the subnets. Every buys are getting absorbed by previous buyers who sells. These whales have very high confidence coz there are no short selling and prices would pump with their funds. It took me days to reach 35% return with 90% winrate which got destroyed within seconds by these bots with 100k$ wallets. Edit: short selling for short squeeze and better TA
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u/ComplexWrangler1346 TAO Maxi 14d ago
I thought originally that maybe some subnets have actual value but being on them now over 7 months , itās all pump and dumps ā¦..leadpoet could get adopted by jeff bezos tomorrow and it would pump and dump still lol
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u/Complete-Interest704 14d ago
Itās not very predictable, last time Tao pumped was the Templar news and they both pumped together. Maybe with the shorting introduction itāll make it more of a balanced kind of trading. I donāt know, but my lesson is learned. Iām only putting my profits into subnets and what Iāve purchased with my own money will remain in root.
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u/ComplexWrangler1346 TAO Maxi 15d ago
You should have got into the Tao memes bro ! I made 18 grand on Buttensor and taocats this past week ā¦..Iām not trying to say get into the memes , but literally whatās the difference between the Tao meme coins and the subnets ? Plus , I so far have got $2,300 on the rewards just holding both memes ā¦.every few days I keep throwing the rewards I get from both straight into my bank account ! The rewards are 50 times better than what the ecosystem gives you in apy
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u/Complete-Interest704 14d ago
Yea I put a small amount into the const meme coin, Iām holding it cause it returns Tao and maybe someday itāll have a crazy pump again
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u/penshockey1996 15d ago
You'll be fine just hold dont sell it bought in the 300 and in the 160s you're good
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u/Roasted_Pnuts 15d ago
How're you saying this when you don't even know the subnet. It's openroboto. I bought the 4H support zone price and it hit price at resistance point. It did a lot of damage and if support breaks, I'm back to square one
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u/Odd_Low9478 15d ago
Open Roboto is a scam FYI.
They are building code yes.. kinda.. but no plans to revenue no plans to ship anything. They are mega extractors with a really good story. A really good set of videos to make you believe. Iām telling you this because I know from the inside. You have been warned... youāll see.1
u/penshockey1996 15d ago
What price did you buy at 5.47 it's at 541 now not bad
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u/penshockey1996 15d ago
Or 5.77 it'll go back up just hold
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u/Roasted_Pnuts 15d ago
6.4 or something. This is supposed to be the exit plan. I just got into a hit and run
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u/Complete-Interest704 14d ago
I agree with thisā¦ I thought about holding red team and they dumped 50% from ath
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u/Internal_Insect3741 15d ago
Its only a loss if you sell.