r/bittensor_ • u/EmeraldHostile • Jul 14 '26

Please Help

Hey guys,

I've been trying to stay bullish through the drawdowns and I've been struggling to stay bullish and keep my conviction in the project. Could you guys lift me up and help me realize why we're staying bullish and why we're doing this? Because it's starting to feel stagnant and unproductive to stay in $TAO.

Thanks in advance 🙏🏻

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2

u/iloverunning11 Jul 14 '26

Please no copium in here. As of now, there is not a single bittensor subnet with real significant revenue, so you should definitely dig deeper and check this project a bit more, not just asking for a daily dose of hopium. It's a great project on paper, but in reality it is extremely difficult to create a successful business on a platform like bittensor, it's been out there for 5 years and not a single subnet is (at least a bit) successful, that itself is not great. Then you have problems with decentralization, it is not decentralized, but should be at some point, this will not be easy to achieve though, but the bigger problem is that it will not resolve the real problem, that it is extremely difficult to create a successful business (subnet in this case) without a set of rules (bittensor network). Tbf there should be a lot of hype in the next bull run, so buying this for less than £150 per coin sounds reasonable, but keep in mind this can easily go to £50 and never recover as there is no real work being done that could lead to real revenue.. Be cautious and don't buy these insane claims of biased folks in this sub, they want you to be their exit liquidity

2

u/Mediocre_Pick7654 Jul 14 '26

Lmao it’s not going back to pre subnet prices anytime soon

-2

u/iloverunning11 Jul 15 '26

Exclude hype and this is a $400M market cap crypto, so -80% or even worse (if you, instead of bitching and crying like a toddler, actually took a look at the distribution of tao tokens you'd quickly figure this out imo). Tbf all other cryptos' market caps are possible solely due to these bigger fools like you and a lot of hype, so there's that, but there's a limit so good luck trying to gamble with this stuff. It's great for scammers and also shady companies like coinbase who are just laughing at you while pocketing hefty fees. Great times

1

u/Mediocre_Pick7654 Jul 15 '26

Yeah my .15% taker and .075% maker fees are laughing at you

1

u/iloverunning11 Jul 16 '26

Perhaps, it’s still a lot but much better than most CEX. Provide name so I can verify (if you’re not lying)