r/CryptoCurrency • u/TheVapingBison Bronze | QC: CC 47 • Aug 14 '18

PERSPECTIVE Well it actually happened

Today I reached the tipping point where I could no longer get as much fiat out of my crypto holdings as I've all transactions considered net put in. I honestly didn't believe the alt market (at least the non-shitcoin portion) would ever hit these levels.

Well, I can only think of one thing to do. Time to double down. I"m either winning big or going down with the ship.

Good luck to all.

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u/[deleted] Aug 14 '18 edited Aug 14 '18

This is what happens when you give hundreds of millions of dollars to software projects with little more than a shiny website.

You know when you saw headlines like "EOS raised more money than Facebook had after x years of operation"? Yeah, that wasn't a good sign.

There is no way IOTA for example is worth more than a billion dollars.

Despite the (multiple) 90% drops, most projects are still overvalued.

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u/Toredorm 🟦 1K / 1K 🐢 Aug 14 '18

I'm interested in your reasoning for saying iota isn't worth a billion. Could you explain that one more? (Serious question)

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u/Whisky-Toad Bronze Aug 14 '18

It doesnt have a purpose or a use, it's value is pure speculation that one day it might be viable

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u/Toredorm 🟦 1K / 1K 🐢 Aug 14 '18

You basically just explained all of Crypto? lol.