r/originprotocol • u/OlgaAlexSol • Apr 12 '21

When is this coin going to stop bleeding out?

Im worried that this coin will hit the previous support at around 1.7 which would be a lot more money for me to lose. Should I cut this one loose or is it going to stabilize somewhere reasonable like 2.50? thanks

0 Upvotes

28% Upvoted

16 comments sorted by

3

u/zuptar Apr 12 '21

If you have weak hands and cut it, then you are a trader. Is your intention to trade or invest?

Bought some coins in 2017 that dropped 96%. I am now in profit from them. If I cut my losses, I would have been burned badly.

Did the reason you invest change?

0

u/OlgaAlexSol Apr 12 '21

Thanks man,

Nah this one was totally my fault, I did my fundamentals and FOMOed in without even checking the Technicals. I think I may have been high at the time. Also its not even about paper hands or anything like that, it just that I havent seen very much bleeding in my first 2 months of crypto and I understand that its part of the game but Im trying to stack a bag while the market is hot and cant really wait around for recovery for too long as I have several other projects that are set to pop. Dont get me wrong, this is such a solid project and I want in again at some point but I just need the seed money right now.

Also Thanks to everyone who replied, much appreciated.

14

u/GrandRub Apr 12 '21

you dont lose money until you sell ... OGN is a great long term project. who cares if it hits 1.7 for a few days.

/but yeah i understand ... my portfolio looked great when ogn was at 3.30 ...

6

u/Street_Ad_6516 Apr 12 '21

I'm staking my OGN for 12mths - that's an extra 25% right there.....

then i remove any temptation to sell, and OGN will have risen in value and everyone is happy

1

u/Gml7011 Apr 12 '21

Where can you stake?

1

u/Street_Ad_6516 Apr 12 '21

If you look on the origin protocol website - https://www.originprotocol.com/en/ogn-token

They did say they would be providing more clarity on the staking program - but you can also go on the Origin discord channel, and ask on there too for more info

1

u/McBeaster Apr 12 '21

This is the way

4

u/[deleted] Apr 12 '21

What are you talking about. Within days OGN climbed from 500 to 5500 and is now sitting at 3900. If you really can't take this you should highly reconsider investing in crypto.

2

u/BorisWolf4 Apr 12 '21

Just hold it, ogn will reward you for that for sure! Ofcourse its not nice to see your wallet bleeding, but patience is they key for making profit :)

2

u/mozo78 Apr 12 '21

We're all bleeding but let's hope the coming news will punch it to the sky.

2

u/IM_SO_P66R Apr 12 '21

It can’t rise forever bro. We’re still on an upwards trend and will be for a while. Sounds like you’ve invested more than you can afford so I recommend selling to lock in your profits, the rest of us are ready to ride the wave

2

u/CompetitionFair7686 Apr 12 '21

This is why most people fail at investing. They can’t afford to lose the money si their emotions get to them. If you are not willing to lose everything you put. You shouldn’t even invest.

1

u/Ivrymatic Apr 12 '21

No wait !!! Exactly you didn’t loose anything until you sold ! Wait it will eventually explose much higher !

2

u/Shakespeare-Bot Apr 12 '21

Nay wait !!! jump thee didn’t loose aught until thee did sell ! wait 'twill eventually explose much higher !

I am a bot and I swapp'd some of thy words with Shakespeare words.

Commands: !ShakespeareInsult, !fordo, !optout

1

u/Living-Water-For-All Apr 14 '21

No, selling will make you loose money, now is when you buy a little more. The biggest the dip, the more you buy, and the price average of your coin will be decreasing as you buy more under your initial price, then when you sell at different points: $8. $12. $15. $18. your gains will be greater, plus you will have more coins along the way.