My fellow Reqmarines I need advice. The subreddit is dead so I have no one to talk to. I unironically went all-in at $0.2 and kept DCAing on this with my salary thinking that its guaranteed to pump to $1 because it would look cheap to normies.
No insults please. I'm in a really dark place right now.
I lost nearly 200K on this trashtoken but as soon as I sold the rest of it in December, my spirits got lifted and life began anew.
My advice is to sell, and never look back. It will hang like a dark cloud.
Heck, I even made a nice 3x return on the LINK pump and dump, all in BTC now. It's going to 100K and no one will stop it.
lmao, you god damn idiot, how did you hold this shit all the way down to 0?
That's good to hear, user. You learnt your lesson to stay away from shitcoins and just invest in btc
WHERE THE FUCK ARE THE BAGHOLDERS
praying to the mozzarella gods
I bought this once. Sold for 10% loss. Never again. But now it seems all altcoins are REQ.
I'm guessing there's less than 12 people still holding this trash.
can i buy a singular REKT token? I want add it into a wallet containing 1 bitconnect token and 1 DBC token. Shitcoin wallet of failure.
kek
this. just get rid of req. i sold at a loss, but made a lot of money back trading. the team should be publicly humiliated.
I hope you learned something OP. cut losses early. REQ has been the most obvious coin dying for a year now. it's not coming back.
Currently bagholding over 100k, don’t even stress bro. It’s not a matter of if, just when. Relax and hold good news will release exponentially.
you have no proof
part of investing is coming to a conclusion, this project came to and end. there clearly better projects. its not too late to get into link, especially after its cooled down from the huge pump, stop being a dummy and do this for real research what it is, because you clearly didnt do that with req
the project CDP is at 1.3 million DAI with interest rate at 20%
mkr.tools
these frogs are still holding ETH instead stable coin.
kek
I can't understand you fully because you dont know how to write in English, but thats actually a smart thing theyre doing there
If you can't read his reply because it says "with interest rate" instead of "with an interest rate" the problem is with you, not him.
So they put almost 20k ETH into their CDP and drew out 1.3M Dai, which has cost them $65k in interest so far. IIRC they did this near the ATL for ETH... meaning that have lost out on gains, and will pay at least $65k interest. Everything these guys do is incompetent.
There is only one thing to do: Sell and accept your loss. You will not make it back through REQ. Your only option is to sell and make it back somewhere else. LINK and RSR are good bets.
After you sell make an alt account on their subreddit and explain why you sold, so maybe the last three bagholders get the idea too.
Are you one of the guys still posting on their sub saying it will go back and all the negativity is just FUD?
What made you finally realize this is dead? Was it the private AMA? Or the part where their main dev didn't know what a fiat gateway was?
explain for non DAI fags pls
but....holding ETH instead of a stable coin is smarter. We all know ETH is going to moon hard in the near term
>No insults please. I'm in a really dark place right now.
Okay I feel bad for you so I'll just give it to you straight: It's dead, Jim.
This is a disgenuous post. Probably a fucking member of the team praying you'll hold until they can dump their stack.
forced myself to sell at .10 after taking a massive loss
glad I did
fuck the scammers
Right, so why didn't they just hold ETH? If they did, they would be (eth gains since beginning of the year + $65k interest) better off.
I'm not saying they should have held Dai the whole time. I'm saying they picked the worst possible course of action - opened a CDP at the low, then paid interest on it and missed out on ETH gains. Double retardation - par for the course for REQ.
This. Team knows if they dump their last 60M tokens the price will literally go to zero on Binance (only 55M REQ total in buy orders).
That is why they are doing a private AMA, trying to pump the price before their tokens are unlocked.
>mkr.tools
jesus why havent they paid this off yet? it was opened when eth was $115
That's not how MKR works bud. They still have the ETH gains. They wanted to pay their team in DAI rather than in ETH, since it was at alow point
Also, you can confirm they haven't sold any REQ by looking at this wallet as well as the ones its been sent to. Nobody has sold except the team member that left. So...FUD harder?
etherscan.io
unironic buy signal
Trust Verse
Cut your loss, get some gains
>private AMA
What's the fucking point of this? Who gets to ask the questions and who gets to see the answers? Lmao
Explain plis
Same user, did a nice DCA and still comfy right now.
Nope. Cut your losses now. I was salty I sold this at 50 cents on the way down. Imagine my surprise. Sell while you still have volume, and put it into Zuckbucks, and wait for the 10x. you'll make it back.
If you didn't trade the two or three really massive candles of 2018, you did yourself a disservice. REQ has the advantage of being valuable to the general crypto ecosystem because without invoices, you can't have taxes.
It has the potential to be used by every shitty charity that wants to show they're running a clean house (but in reality most if not all charities are tax evasion schemes anyway).
You can't sell the bottom now, so suck it up and keep an eye on volumes. When the time comes (you will know by the increase in volume) you will need to be ready to trade with absolute fucking abandon. My suggestion is to swing trade your REQ for other ETH ecosystem tokens since they tend to pump together.
For example, if you see REQ pumping but not zrx or rdn, put it in one of those two and wait until they pump and then put it back in REQ. You will have to use caution and common sense, and don't trade small pumps, wait for the whole market to start. Unironically keep an eye out for changes in volume as we near the next full moon on the 15th of Aug
>No insults please. I'm in a really dark place right now
Come on man, this is literally like asking to be 4chinned
>Right, so why didn't they just hold ETH?
Fucking brainlet lmao, do you even understand how margin works? They have to pay the interest but the uinrealized gains are far greater than that, cause they practically went long on ETH on the absolute bottom
put 6 eth in at ICO. have bought another 400k in the last couple of months. anything above 8c will be v comfy for me
it will moon soon
BUY WHEN THERE IS BLOOD ON THE STREET - WARREN BUFFET
KEK you really think it's gonna go back to 8c?
You can lock your ETH in a MKR contract (called a CDP) and use it as collateral for lending.
It makes sense in an uptrend, as you keep your ETH and at the same time gain liquidity. For instance, you can buy more ETH with the DAI you got, essentially going a low-level leveraged long. You do, however, have to pay a maintenance fee - and when this CDP was started, it was really low (like 1% or so), but now it's high (20% per year). That can hurt if ETH doesn't go up, but you still have to pay the fee in the end.
The CDP was started Jan 24th when ETH was at $115 and it would get liquidated if ETH drops below $100.
IF the CDP in question belongs to REQ, they did this at a good time, but they didn't use the DAI gained to lock more ETH - so at some point, they will have to find $1.3m + $65k fees (or more as time passes) to unlock their ETH. Questionable they can easily do this.
You fell for the shitcoin bait, thanks for the cheap linkies I guess
Still holding. Biggest potential lost. Up all the way, down all the way
ya he's not as smart as he acts. all a confidence trick. thus why he stopped replying when i said this before. probably has been reading and trying to understand MKR since then lol
Could have bought 11k link with my 71k req in October. Capitulated for 836 link around 300 sats. If I still held today I could only get 408 link. Holy shit this is going below 100 sats
I've been at quite a loss but due to swing trading I came out +- 0 in the end. I still want to believe in this coin since I can see the usecase, with big companys using this as a medium to track their invoices. But I just can't defend them anymore after the latest youtube ama. I've been in Bitcoin ever since.
What did you expect, he's just a colombian shill typing this shit for bchsv. On the upside he at least isn't working for the cartels, I guess?
Anyway I'm glad to see so many FUDers on REQ. If they're trying to shake people off there must be some good news on the horizon
Indeed user, it's very strange that this coin gets so much fud lately... If it was a dead coin, nobody would care or post about it.
Moon when
I am here user.
This shit is my hardest hold because it is fudded to the fucking ground and no one is bagholding anymore. With LINK it is easy tho, link has the most diehard community, reqlets however are rekt.
Here is the deal, the
request.network
65% XERO integration done. For total brain dummies visit
xero.com
and then
xero.com
Something big is clearly going on.
That flash 50mil vol on may 22 was the first sign of it. The ultimate tranny-like FUD (good job on this, really. Almost got me to sell) is the second .
Good luck faggots
Some1 should ask why xero and not salesforce or something else in the ama
True. Shameful really and also puts a bad name to ycombinator
>witnessed the 80 btc buy walls
You're acting like req is required for invoices when they can just be done as part of a smart contract. Also the token itself has no purpose
Telecoin, its one of the best coins to hold. I am expecting returns of atleast 10 times in few days.
>WHERE THE FUCK ARE THE BAGHOLDERS
It's just you and Bob, but Bob is on his cashier shift right now.
>meaning that have lost out on gains
they didn't lost on gains, that's the whole point of a CDP.
They are going to get that eth back if they pay DAI back.
agreed
hey dumb dumb, if something big were happening it’d be priced in. instead, the sat value and volume continue to reach atls. learn to read a chart you fuckface req shill
>there must be good news on the horizon
user, I...
marine reporting in. i'll take the loss and go down with the ship. fuck it
Why is this trash being shilled in the last 2 days?
Literally no one holds this, and shouldn't, since this is the most hated project and team in all of crypto.
30k here brother
30k? LOL you call those bags?
>you are acting like LINK is required to use a json parser
it's about incentivizing the network, retard
I remember sooo many fags shilling this shitcoin last year.
The only coin /biz ever got right is link.
Its not done
Funny how short term memory this market has.
Eth was /ourcoin/ for awhile before it blew the fuck up.
>acting like LINK is a json parser and not a decentralized democratic system of independent json parsers
>acting like REQ isn't a decentralized democratic system of independent and permanent invoicing creation and storage
Nope it's for centralized businesses to store something in a decentralized manner.
The team is so stupid that they've decided to address a transparency issue by doing private one on one AMAs that they won't be recording. This is the type of poo brain currently at REQ. best bet would be to fire the entire team and bring in people with atleast some experience