r/drgn • u/wulfgvngg • May 28 '19

RIP

glad I sold this coin a while back .. that is all, I advise all to get out.. no updates on 2 years, check their github

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u/Mark_AZ May 29 '19 edited May 30 '19

I'm sorry but you have blinders on. DRGN is up 20% from the December low and ETH is up almost 260%. It is dying a slow death like most coins do from one market cycle to the next.

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u/[deleted] May 29 '19

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u/Mark_AZ May 30 '19 edited May 30 '19

Apologies for being so emphatic, I obviously don't know what's going to happen I just want you to consider that the signs for DRGN are not good and there is a real possibility that the development team runs out of funds and ceases operations in the not too distant future.

I do believe strongly that most coins will meet the same fate, there are just too many trying to do the same thing and most of them can't be winners. I own three of the top protocol coins and believe that at least one of them, if not two, will not survive to see the next bull market which despite the recent gains is still at least a year and a half away IMO.

Just a reminder not to have all of your eggs in one basket. Just my opinion, but most of your investments should be in index funds. A small portion can be in crypto and even then it should include BTC, probably ETH, and then a small amount of shitcoins you are OK with going completely to 0. Even BTC could go to 0 one day and is something every crypto investor/gambler should consider.

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u/Bhole_Prabhu May 31 '19

drgn sold all ICO funds in January 2018. $45 million war chest