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RE: Shittokens

in LeoFinance3 years ago

I consider EPC worth investing in due to the fact it's bound to gambling and you are able to essentially be part of the casino's bankroll. You don't typically see any casino in the world offering people with less than anything substantial to offer (Millions to billions most likely, if those scenarios even exist) a chance to gain dividends based off of the losses of the casino participants. Sure, sometimes casinos go broke and lose all their money based on runs of luck, but it's highly unlikely. The house edge also gives a fair chance to earn elevated levels of returns before you even lose and it's more likely that you recoup what you put in and are in profits by the time a worst case scenario does happen. I look into aspects like "How long has it been paying for? Does it consistently pay?" and stuff of that sort. From what I could tell based on holdings of others, EPC has been paying for years on end in a somewhat consistent manner, but the APR% is through the fucking roof compared to anything else around in the long run. I calculated from other's holdings and returns, that they had received up to 126% APR and that if they had traded on the shifts in value even a few times when major shifts happened... That the earnings alone from shift in value would have potentially seen them return 300%+. I guess we all have our reasons for doing what we do, but when it comes to financials and the concepts behind them, I like to delve a bit deeper into each concept and as we all know we should do, only put in what I can afford to lose. It may not be everyone's cup of tea and they may not act as such, but the saying goes "You can't win if you don't play." and sometimes the least seeming to be successful, surprises you and pops off with some massive gains. :P Something to think about and I'm not sure if you've even heard of or seen EPC before, so I figured I'd mention it on the off chance that you do deem it worthy of investment or at least potentially something worth looking into deeper.

I think it's true most people buy something with the intent that it will just automatically gain value over time and be worth far more than they spent. I think this disillusion comes from things like hearing about Microsoft and the early investors in things like that, so people feel like "Oh, this could be the 'Microsoft' of this generation, I can't miss out!" and assume that any given asset could be "The one" and rocket them to a life of luxury. While this can most certainly happen, it's not usual and when it does, it's typically because someone has a much much higher threshold or bankroll to deal with the fear that comes from major dips in price, and they happen to ride waves that others long bailed out on. It's always fun reading posts like this, because I enjoy seeing how others view the Crypto world and the world in general, as a whole. Thanks for posting! I enjoyed reading it and the title was definitely clickbait for me, I've heard the term "Shitcoin" and "Shittoken" and just in general "Shit" tagged to something when people think they're god-awful and it piques my interest for some strange reason. :P