$200M in debt taking down a (prior to recent events) $1.5B Market Cap token didn't seem like a likely scenario to me. I believe there's been some manipulation behind the backs of the community based on proposals, nodes, buying and shorting
A lot of people are asking my take. Honestly, I think TC survives and in hindsight, this will be a V shaped recovery
That being said, we could see more pain before then. Seeing $RUNE under $1 wasn't likely yesterday but is very likely today
My recommendation: always DYOR. Be aware of the risks. You are in crypto and with massive asymmetric upside comes downside too
It's vital to understand fundamentals of the projects you're involved in. I understood the risks of RUNE and chose to be a buyer at $2 knowing these risks. I will assess the node situation and consider being a buyer in the $0.50-$0.75 range too
A great reminder to keep your head up and build.
Does this affect your view of adding Thorchain to Inleo?
I think it will be super lucrative to be able to earn $RUNE while its down 🔥🦁
Hell yeah!
We'll get to do this if DHF can fund us.
Was possibly foolish of me, but I chose to double my bags here.
May double again somewhere < $1
Hell if it keeps going down I may be able to afford a node one day 🤣 It does seem pretty concerning though!
This protocol without all of the bells and whistles is a money printer, but getting out from under all the bells and whistles will be painful if it actually happens that is...
Yeah, I bought some too. 3 times today so far, firdt at 2.17, then 2.14 and 1.414.
If we come down below $1 I think I'll buy again, but... Still concerned about the current chart and situation. Hoping the best for us 😁
!BBH
They really need some clarity about the debt. Everyone knows it is there just not how it is going to be dealt with. There are multiple ways that it could be dealt with and none of them too palatable.
But this thing is a money printer if the momentum can be regained. Shame this all happened right about the time a bull is trying to get started. If it survives, buyers down here will do well. IF!
It is a big "if", but I really hope it'll get back on its feet 😃 And I'll be stacking until the end (at least that's my mindset right now 😅)
I guess that's good news for @mayaprotocol
It doesn't have bells and whistles. It's basically a fork of TC.
Yeah. And it is also down pretty hard in sympathy... 😀
How could you make a thread this long?
Anyways, awesome insights by the way.
character limit is increased significantly when you have Premium
Meaning I have to pay to be able to write more?
Hi, @mightpossibly,
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