I just dumped off my entire amount of Lumen/Stellar after a 6 month hold.

Bought into this coin at $0.05, left this coin at $0.052, ended up with like $400 profit after 6 months.

Some may call me a fool, some may not.

All I know is that I'm thanking god that I am out of lumen/stellar, This coin has a circulating market supply of 16b and the TOTAL supply is 101b.

That coin is not worth $0.15-$0.30-$0.50-$1, I've always said Lumen/Stellar is a $0.10 coin when ripple is a $0.50 coin and I stick by that.

I take my hats off to those of you who have the balls to stay in Lumen/Stellar after a 200% pump, I managed to recover my entire initial investment and got out with profit(which was beyond my wildest dreams).

I saw my investment decrease by over 550% at one stage to put that in perspective for you, trust me when I say you don't want to know the amount.


It's riding the
https://www.coindesk.com/ibms-stellar-mo...ents-rail/

News ontop of BTC faltering and there needing to be a pump coin.

If you are looking to get into Lumen/Stellar I highly advise you to wait, I cannot tell you(I'm shaking) how happy I am to be rid of this investment out my portfolio.

I would advise you to wait until it crashes back down to $0.01-$0.02 again, do NOT buy lumen at $0.05, you WILL regret it, I bought the last time Lumen had huge news and got burned for 6 months.

I wish the best to all lumen/stellar holders, but I am OUT.

 

You made 4% off this trade, with a profit of $400.
Therefore your initial investment was ~$10k, to anyone wondering.

 

It is flawed I just keep track of things in my heads a bit different then others.

I lost 85% what my initial investment was originally.

 

If you consider that you purchased this with BTC, you still lost a good amount.

 

I don't look at it that way as my assets are constantly fluid due to the nature of my business's.

I never hold btc as my sites eat through btc like a group of pregnant bitches.

 

Stellar and Ripple's market caps are a bit deceiving. Yeah, the total outstanding coins are pretty high, but most of them are not in circulation. It's a bit like saying Bitcoin has 21M coins outstanding, because 21M will be produced, even though only 16M are in circulation.

I'm not saying I think Stellar is over- / under-valued, but I just think the market caps are fairly irrelevant. If even 50% of the outstanding coins were in circulation you can bet their prices would be much lower than they are today. You are putting a lot of trust in the companies behind them.

 

Lumen/stellar was a bad investment from the start, when I realized they were giving away those 1.6b lumens after I bought in I realized I was going to be stuck with that hold for minimum of 6+ months and I knew it'd drop to $0.01-$0.015(Its history repeating their last giveaway).

Lumen/stellar is a good hold if ur willing to sit for years and wait on ripple and it to get involved with banks and other companys, 1 company pumped its price 200% and so far considering its dropped back to $0.03 from $0.054 I think I made the right choice.

Also, It's extremely unattractive to me as an investor for lumens to have such a high market supply and then to dump billions of them to people for free to "raise awareness".

People received like 150k lumen each for free over the past 2 years just collecting it from giveaways by their company through fucking email -.-($7,500 when it $0.05 a coin!)

That is unattractive as HELL to me, they gaveaway for free almost more than I invested.

They are a company catering to mainly business/banks yet their giving the general population literally billions of coins.

Best of luck to them but I'll PASS.

No thank you.

 

Props to you for getting out during that IBM pump.

edit: didn't want to repeat what others have said

 

"Decrease by over 550%".

An asset can only decrease by 100% you retard. Stay out of investing and go back to math class. If you just had bitcoin instead you would have 4 times as much money.

 

https://gyazo.com/2723b7c46d74f3aaa8d474f977c802d4?token=4252d8e7957ec8fe9623ec816b497f9b

 

REKT

 

Oh my, the price is now 4100 sats.

@Divine - how do you feel?

 

I'm beyond caring at this point my ripple, eth and ltc alone total to over $1M in missed gains, I've moved on.

 

haha i am still holding stellar haha im gud

 

bad move imo

 

Don't think about what you could of have made, think about what you made . You got out with profit, Congrats!