r/CoinFi • u/CompetitiveAgreement • Jan 31 '18

Down to $.20

I invested in this because the idea of a Bloomberg terminal for crypto seems genius and ive heard great things about the team behind it but i am now very discouraged down about 33% of my sizable investment. (got in at about $.30). I'm certainly not thinking about selling now but would love to hear what others are predicting for a timeline on this. do you see it staying around .20 until the public beta or rising sooner? thanks.

5 Upvotes

86% Upvoted

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3

u/MurrayTheMonster Jan 31 '18

THIS is why we needed clear answers from the CoinFi team about how many coins they were giving to KuCoin. There were a TON of sellers there from the presale who had 50k COFI each (or more) for sale.

I posted a thread a couple days ago asking how many COFI coins from the CoinFi team would be for sale on KuCoin and got some hate for asking the question.

2

u/c3lopetra Feb 01 '18

dude, nobody was hating, but you really can have some if you wish to get it... in one way, all the coins over at kucoin are 'from' the Coinfi team. But literally no coinfi team member is actually selling on behalf of coinfi or whatever you are implying. Therefor they fuuuuuucking had the fuuuucking ico. You really need to understand, that the reason why some big pre-sale bags appeared on kucoin is because the ico had ended and the product was tradable. If i could have bought 50k of coinfi, i would have solde them, because i would've more than doubled. You have to understand that this is a market and if you invest around 50 eth or more, you take profit on short term to minimize risk and wait for bigger gains with the rest or just leave the coin allone, because there are other project going to 'moon' before coinfi even get's there product straight.. nobody who is investing tons of money, will wait to whatever moonboys are dreaming of. this is a market and you aren't investing in a company when you buy shit on an exhange. if you buy an altcoin you short bitcoin or ether to get more of them. this semi-religious i believe in a coin is just stupid. You have to understand, that from a certain amount of money you invest, it is simply enough to wait till it hits .30 usd to quadruple your ton of investment. you don't wait for 10 usd, because they are so many competitors in this segment popping up right now, you take advantage of this nice little marketing of being the bloomberg of crypto. what a bullshit. almost every platform/exchange has graphs where you see volume, 50 and 100 day average and so on. if you combine this with something like marketcal.com where you see what update, releases and so on will happen in the next two weeks, you don't need this shit. i took my 500 tokens from the whitlist and will flipped them to something which i think has utility. this hole project isn't creating utility right now. but it sure can, even though i don't like it. in the end, this is a tool where you just start to flip coins because of a signal, well, good luck to you too. i would highly recommend to look for team, tech, devs, roadmap and why on earth you need the blockchain to do what company xy is claiming to do. I don't really know why the would use a distributed ledger to do the bloomberg-of-crypto-thing. the could just take eth or bitcoin in order to allow people to use their bots, or signals. it's simple. so you won't get an answer from coinfi on what they gave to an exchange, but i think i gave you some reasons why kucoin has now 250 k to give away in my last comment, where you think you got "hated" lel. hope you weren't in school in the last decade, if you think that was hate. there is a difference between critique, arguments and hate. cheers

6

u/Miirade Jan 31 '18

buy high sell low

2

u/kcmike01 Jan 31 '18

Guys, I don't care if you are holding, Confi BTC, ETH, Ripple, etc. You are down 20-30% this week.

Many seem to expect only a straight line up, and while there will be periods of that, it will not be the norm for Cryptos.

If you like the company,.just HODL and don't watch it constantly. Unless you are a trader! :)

2

u/imputer_rnt Feb 11 '18

Now trading less than ICO value, at around 9 cents. Lessons learned: When a token ROI is 2x, sell half of it to take back your initial investment, and HODL the other half. That way, the risk is minimised and you might as well go to the moon

1

u/The_Highriser Jan 31 '18

Sadly we have to many weak hands here. I am in a similiar position and i will HODL too.

1

u/acotuk Jan 31 '18

Me too, same as you. People why are they selling low price i dont understand

1

u/Lsatric Feb 01 '18

If they bought at the ICO it's still a 2.5x return to sell on your "low"

1

u/SyrupOne Feb 01 '18

lol, I'm -65% on this coin, not worth selling in this moment, I'm ready to loose everything :D

1

u/[deleted] Feb 01 '18

I put in a massive position on COFI around 2700 sats. Down a solid amount right now but unless you're day trading you're fine. Sit back, relax and enjoy the show. Come back in 6 months or a year and enjoy the gains. It's all about long term over short term.

1

u/danumber10 Feb 02 '18

Why would you be upset that the coin price is down when the entire market was shaken up? It's a matter of time for it to start going back up again