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/biz/ - Business & Finance

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11933196 No.11933196 [Reply] [Original]

Please be honest with me: Did I fuck up by buying this thing?

It's a utility token / altcoin which is already a bad sign since utility tokens are always worthless, but it sounds so promising and the team is so competent in everything except marketing.

Will I make at least SOME money with my meager 5300 RLC in the future?

>> No.11933208

>>11933196
IF we have a full bullrun 20-30usd

>> No.11933220

>>11933196
utility token = funding token for the team unless there is some incentive to hold onto them (chainlink nodes for example). this project seems cool, as does BAT, but neither will moon cuz the tokenomics are trash

>> No.11933238

>>11933196

The tokenomics are pretty shitty, but it's also got a relatively small max supply that's almost all in circulation. If another real bull run happens (and it doesn't have to be late-2017 levels), it's about a 50-100x return from where it is now. There's a small chance that happens, but for a project with a sub $20mm MC now, it's got great fundamentals. You're going to have to HODL that bag for a while to see that, though.

>> No.11934014

>>11933196

honestly: YES

you basically bought a two-colors logo.

>> No.11934021

>>11933196
it's literally mooning right now you fucking asspie faggot nigger don't listen to anyone here this coin will be worth 200x more what it is now within 2 years