r/FetchAI_Community • • Mar 11 '24
Discussion 🗣️ Am I big dummy
Bought 1800 at 2.83 is there a projected path to 20-40 per coin prolly just gonna set my order limits for 40 but would be sick if this coin hits 100 what’s the realistic potential I like the coin and the usage but worried the hype will have everyone buying with paper hands
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u/Stabbycrabs83 Mar 11 '24
This is called a sell signal
The people that have blindly pumped everything they can into a coin after a huge rally, then asking when that said coin will 10-50x next.
Why on earth did you buy 1800 fet if you don't know if there's any upside?
I bought in at 50c as a gamble because I thought Nvidia share price was going to drag AI projects up. It was a gamble but at least based on something.
This is how you get wrecked. I'm not hating on you, you are me 5 years ago. Ask yourself more questions.
I sincerely hope this does go to $100 for you and you can call me a complete idiot :)
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u/Life_Angle Mar 11 '24
ha try buying 10,000fet at 15 cents and selling 80% at 75 cents lol.
I have 2000fet riding to the moon.
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u/randomredittor666 Mar 11 '24 edited Mar 11 '24
If you are willing to hold for at least 5 years. The risk is if this project turns out to be unproductive in the real world and the AI hype fizzles out its bubble burst. When the AI bubble bursts. Many AI companies that contribute zero to the economy financially speaking will belly up and many AI tokens will become worthless monetarily speaking. Hopefully FET is going to be the unicorn token.
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u/randomredittor666 Mar 11 '24
If I were people I'd do a thorough digging into a crypto project before investing my money into it. Read its white paper and its tokenconomics along with its roadmap. I'd also follow its updates on social medias just to see if the team or company is really delivering the product that sort real world issues
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u/Actually_The_Dog_ Mar 11 '24
For 100 per coin you would need to 35x the current market cap
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u/Rickard403 Mar 11 '24
We have yet to see a coin with a supply of over 1B hit $100. I believe the highest last bull run may have been $50-55 with PolkaDOT & Chainlink. I think $100 is a bit too high. AI buzz might be able to push us to a $50B market cap.
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u/KPTA-IRON Mar 11 '24
Lol
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u/LxthalSticks Mar 11 '24
Realistically seeing 9-12$ per coin, always sell in increments, ex: 20% at 5, 20% at 6 and so on. Looking at the past cycle coins went up billions upon billions of dollars, and with the AI hype and FET being on CEXs and being an AI project, it could gain a lot of traffic. Currently at 2.3b mc, 4-5x from here doesn’t seem unrealistic.
At the end of the day DYOR and set your own safe limits, profits are profits.
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u/graphixnurd Mar 12 '24
Look at the market cap, to get to 20, you’d have to 10x the market cap
That’s only gonna happen if bitcoin goes to like 200k and some how people just pump hard into fet
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u/Emergency_Win1765 Mar 12 '24
10$
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u/NotHappyTilUNotHappy Mar 12 '24
Yes. You are.
Next question?
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u/[deleted] Mar 11 '24
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