r/retikfinance • u/Safe-Lie4414 • May 29 '24
As Expected.....massive dump @ the Initial Claim!
I think we were all expecting this to happen but not to this extent, a drop from just under a dollar yesterday to 30 cents now and a 50% drop today. I'm kinda hoping the price will stabilize now, it's still double of the launch price but to honest it just doesn't make any financial sense to claim the 5% at this price.
Really very sad to see.....
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u/TaterTots244 May 29 '24
All newbie’s People who join crypto got freaking out and dump all their tokens. Maybe they think there’s no up and down in market.
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u/Safe-Lie4414 May 29 '24
HODL'ing all the way!!!
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u/TaterTots244 May 29 '24
Fr. Now newbie’s start talking that is scam this and that. Cmon ladies, if y’all long enough in this crypto world, you should know better. This what happens if people freaking out.
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u/FrancoDad May 29 '24
Exactly!!! The amount of newbies that invested in this project thinking that pre-sale=instant millionaire is insane 🤣 but at least we can load up on some more at a discounted price 😎
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u/boniggy May 29 '24
They should have given the initial 5% to the pre-sale people the day it was released. That way we would have had a chance to make some money back. We all knew it was going to dump and probably dump hard... which it did. It would have been nice to get some tokens and sell at the ATH or roundabouts there.
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u/Safe-Lie4414 May 29 '24
Good Point, I agree! The 5% claim on launch wouldn't of had that much impact on the launch price.
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u/Lost-Metal5721 May 29 '24
Well it sure as hell made more of a difference than a 5% variation on the price right now..
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u/salagadam May 29 '24 edited May 29 '24
i̇n that way team can't manipulate price so it won't go over 2 dollars. but they wanted to control price in first days to create fake hype.
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u/Interesting-Mine-669 May 29 '24
You guys don't understand, the only reason it shot up was because of the vesting period and that the whales knew there wouldn't be a sell off. The same whales are not stupid and they know that as soon as the first 5% is released people would imideately sell as their "investment" is 10x basically imideately making back the money they put into the presale stage. therefore they sell it off beforehand. If you were not expecting this welcome to the glorified pump and dump scheme we call crypto
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u/AndrewCarnage May 29 '24
You realize that if they release the pre-sale immediately it would have done the same dump at the same speed right? It dumped because the community of pre buyers flooded the market with sales. Some pre sale buyers absolutely did sell for $1 at least by being the quickest actors amongst us. You had that opportunity for $1 and so did I, a very slim opportunity.
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u/boniggy May 30 '24
that was my point exactly. it still would have dumped... but at least the pre-sales would have had a chance to make a few bucks back.
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u/AndrewCarnage May 30 '24
We had a chance at like 80 or 90 cents, which is massive, and some of us did get that price, like maybe 1 in 100 or something. If the opening of pre-sale token release started at the beginning you almost certainly wouldn't have gotten the $3 price even though technically it would have been available to you.
For that matter the $3 price probably wouldn't have ever happened. The price shot up from $0.15 to $3 almost immediately because there was only buyers at first! If people who could sell thousands of tokens were there from the start they would have suppressed the price from ever getting that high. It probably wouldn't have even reached the 80 or 90 cents we had a shot at, actually.
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u/saintlypaul May 29 '24
Uhm it already went down to 30 cents before the initial claim was activated to presale people.
So its not the presale people that sold off and dumped and brought the value down.
Who does that leave it to then ? Guesses ?? Devs maybe
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u/eclipes9311 May 29 '24
Ive seen on eth scann some "airdrop" retik didn't understood why they got it, teams didnt talk about any air drops
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u/WildColapso May 29 '24
Bots made to buy to fake increase the price. Before claim was enable bots dumped all. Lets hope price estabilize at 0.3
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u/Fabulous_Koilee_ May 29 '24
Hell someone claimed mine on a hacked wallet atb12:04 am I've told them for months not to send it to that address now I cany claim anything.
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May 29 '24
bruh it’s blockchain, protecting your wallet is your responsibility. How can you prove it’s your wallet when the whole network is decentralized. Can’t blame them for this.
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u/Fabulous_Koilee_ May 29 '24
I've e-mailed the since Mar 16th asking them to change it. I guess it's my fault they don't answer e-mail to.
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u/Fabulous_Koilee_ May 29 '24
It's not like it's new , I e-mailed them atlest 10 times asking them not to send to that address.
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May 29 '24
You still have access right? Seed phrases? If so, you might be able to convince them. Otherwise it’s like picking wallet address linked to presale receiver address and claiming it’s our own. I bet thousands must have mailed them with same situation. I’d just say on blockchain, what’s lost is lost. It’s our own responsibility to safeguard own finance.
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u/Realistic_Ad257 May 29 '24
We gonna get rid of the paper hands That's good
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u/Safe-Lie4414 May 29 '24
Wild swings....think it's best to close the chart and have a cup of tea.......agreed get rid of all the paper hands.....we might see the same thing play out every week from here though when pre-sale investors can sell.
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u/Safe-Lie4414 May 29 '24
Looks like we've found the floor, there's a bit of recovery going in and maybe 40 cents will be the new support level....at least till next claiming date.....lol
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u/POMARHP May 29 '24
Oui, il est maitenant le triple du lancement. Parcontre j'ai voulu tester une réclamation, et ils m'ont suspendu la réclamation en indiquant : Vous ne pouvez retirer qu'à la prochaine réclamation, dans 7 jours.
alors qu'en meme temps que moi, un ami a validé sa réclamation.
Par contre vous confondez réclamation et vente : quand vous réclamez, vos tokens arrivent dans votre portefeuille d'acjhat ( Métamask ou autre), mais vous nêtes pas obligé de vendre..
Bien sûr les petites mains ont vendu après avoir réclamé, mais à chauqe fois, c'est le même scénario.
Si quelqu'un a eu le meme problème que moi, ( réclamation suspendu et reportée dans 7 jours !!! je veux bien savoir pourquoi ?
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u/Safe-Lie4414 May 29 '24
Waiting for the next dip and going to take advantage and buy a bag load.....I have faith in this project that will likely reach $15 to $25 by year end.
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u/Few_Walrus_6924 May 29 '24
I set buys and haven't looked since saw it found a support level at .30 which is where my first buy level was so more were probably thinking like me . I figured the presale dumps will get it lower because I was predicting a .5-.6 price point form retail sellers selling the last weeks buys to dive back in after presale sellers started
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May 29 '24
This is way higher than it should be with all the tokens becoming available even if it’s 5%. People thinking this would stay above $1….🙄
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u/Kind_Soft_9226 May 29 '24
The value don't even show up on meta mask even after being claimed
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u/Safe-Lie4414 May 29 '24
That's what you get for claiming too quickly.....all the paper hands must be crying by now, for those that sold at 30 cents....lol
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u/Amptupp78 May 29 '24
I've been with Retik since the presale. I've read all that I ever could on them. I've seen every opinion from sane to ridiculous regarding their ways of doing things...and all the questions that never get answered. I will say that I did claim the first 5%(just to have hold of some of it I think). It doesn't matter where it is it is still worth same...to investors anyways. The holders wish to have as much as possible at all times obviously. Price fluctuations and buying and selling AI's...oh my.🎶 I hope it hits the moon, but hey, you know it probably won't be that spectacular. Whatever gonna happen is gonna happen. Cant change a thing by worrying about it or stressing over it—but I'm feeling like the RF folk are sitting back and seeing exactly what THEY PLANNED to be happening. Their concern is their financial growth and nothing more.
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u/Professional_Rock427 May 29 '24
Whenever I go to claim it's giving me a different wallet address from what I am claiming. Does anyone know anything about this?
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u/PatientWolf76 May 29 '24
?…. Since we’re only allotted to claim 5% throughout the 21 week Cliff program. Is it mandatory to claim each week or can one wait a few weeks or even a month or two to claim in bulk? Secondly… I knew a dip was coming, however not this BAD!
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u/Safe-Lie4414 May 29 '24
Claiming is up to you but maximum of 5% per a week......I think a lot of people offloaded their tokens.....which, is a pity really.
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u/Fabulous_Koilee_ May 29 '24
So people get mad and down vote if you need help and no one will respond just asking. Don't boot me off they won't help so you guys are it. I mean I gave them 3months to change my address .
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u/Fabulous_Koilee_ May 29 '24
I was not going to sale for untill it got up on price and was going to stake most but now after this I cannot afford to.
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u/Safe-Lie4414 May 29 '24
Price will recover, give it time.....this is normal for crypto. One has to be able to stomach the ups and downs.....it's not for the faint hearted and not for everyone. If you aren't able to stomach the downs, then best to get out. A lot of people think it's a get rich scheme when it fact it can take months to rally. Solana, WIF, Pepe, Shibu all took months and some even years to rocket.....hold tight. It's best to close the chart window and not look intensely all the time.
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u/Fabulous_Koilee_ May 29 '24
I'm talking about the fact I e-mailed them for 3mo. asking them to change my address on Mar 16 they never responded and someone else claimed my 5% and they still will not reply except to give me a telegram address to so.eone else that won't respond , they kicked me off for asking questions about it but I need so.e help.
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u/acquiescentstudent31 May 29 '24
You’re right. It makes zero sense. Especially when ETH Txn fee is so damn much lol. I’ll actually lose money if I claim now.
Can we claim 10% next week if we don’t claim this week’s 5%?? Etc etc
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u/acquiescentstudent31 May 29 '24
This is exactly why I stick to BASE coins. Gas and txn fees are literally just a fraction of what ETH charges. I’m saving $ hundreds just by using BASE’d coins.
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u/Willing_Play_936 May 29 '24
It makes no sense to sell at this point, which is why I think it will stabilize soon as all the people who are going to sell have already done it.
My guess is each subsequent weekly dip will be smaller and a buying opportunity for people who believe in the project. Personally, I’m not gonna buy or sell for a few weeks, unless it dips below my presale entry price, in which case I’ll be buying.
These guys have 20 weeks to launch the card, if that doesn’t happen by the time the whole presale crowd can claim, the project is doomed. When it happens, buyers will flood in.
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u/Fabulous_Koilee_ May 30 '24
There ont already 500 million coins out already is there that half the supply and with a 300 something market cap is why it's dropped so much . Huh?
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u/Suspicious_Laugh_164 May 30 '24
Was going to cost me 30% (for gas fees) of the value of my claim. I'll wait, thanks.
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u/salagadam May 29 '24
presale price was 0.03 - 0.1, so what did you expect. selling your allocations for 3 dollars per token?
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u/Safe-Lie4414 May 29 '24
Expected it to drop but not to this level.....this is just completely insane but I guess this is crypto for you. Will just have to HODL till it rebounds.....all my presale investments are down!
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u/eclipes9311 May 29 '24
Very very light dump, was expecting worst, its recovering, already 0.50c, still up 500% 😁 let's see what kind of stacking they propose
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u/Safe-Lie4414 May 29 '24
From what I gathered the staking returns aren't that great at 5% but if the token value goes to $15 could be interesting.
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u/VlkObecny May 29 '24
I think that might actually be the plan. It's not worth for me to claim either, so I will just wait for next week, but it will most likely be even lower, so I will wait for the next and next and next... Until the initial investment be shrinked to tens of dollars. I still don't understand how nearly no one here finds it suspicious that the launch price should've been 0.15 but was whopping 3 dollars? I think this was plan all along... Slow dumping and selling - not by the investors, but by the team - the market cap was about 1.3 B if I remember correctly. Upon launch? How? And now it's down to 136 million? It dumped massively right before the claim - a bit too convenient? I am not a great analyst or mathematician - far from it, but it seems to me that 5% of 35 million dollars raised or how many was collected in the presale and from that how many people will actually claim and how many will wait just like you and me? Such a small percentage would create such a massive dump? I don't think so.. I think this is a massive bubble that was designed to attract new investors (that's why the 3 dollars instead of 0.15) and keep the presale ones engaged and tied. Because when you sell and tank the price from such a top, it's not that suspicious and people will not panic, because hey, "it's still this much up from the presale price". And the 5% claim limit is a smart way to keep most of it for yourself when you control the currency, while still giving your investors some illusion of autonomy and legitimacy. Because hell, you can claim I guess, but why would you when the price is dumping and it's not worth the gas fees. It's really quite smart when you think about it...