My Shittiest Investment - A DENT In My Portfolio

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(Edited)

Hey Leo Investors

So I found these shitty investment posts, and I thought it was hilarious, we always talk about our victories but never when our arses got handed to us. If you read my posts in the past, you'll probably think I'm a half-decent savvy investor, but I have lost money on shots I took even when I put the research into it.

During the boom time of 2017, there was an ICO mania, and every project sounded promising and was producing significant gains, it was more a casino than investment, but I rode it.

One of the projects I came across was DENT which was an ERC-20 token like most tokens at the time and would be used to buy and sell airtime and data via their platform. They had a platform and a working app, and the roadmap looked good.

Airtime is as good as money in many parts of Africa, so it sounded like an excellent project to get into at the time.

ALLY& JANE.png

They buy-in

So I bought in early in December of 2017 at around $0.00076 and bought around 60 000 coins for $45, and I thought man was I smart, position size was excellent, and I was going to make bank. A month later it hit its ATH of $0.100600 in
Jan 09, 2018, and I was stoked, this thing was going to the moon. My bags stood at a whopping $6036 in the space of a month, it was insane.

I was going to be rich; I'm not selling this, I'm going to hold on to the MOON, DENT is going to make me a millionaire baby.

In a stats perspective, I rode it all the way up with a 13313.33% increase.

Screenshot 2020-07-28 at 14.01.03.png

So held on I did and hit the ATL of $0.00007065 Mar 13, 2020, and I continue to HODL, even though it lost -99.93% of its value from the top. I may even DCA to try and salvage this trade come the next run if they are still in operation. The current price is $0.00020368 with a market cap of $16,713,635

That's crypto tomorrow you're a king the next day you're a peasant lol, but I enjoy it, fun messing around with your money, I know others are very emotionally tied to it but not me. I see every win as fun and every loss as a lesson.

You can find all the data on @coingecko - DENT

Have your say

What do you good people of HIVE think? What was your shitty investment?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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21 comments
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So you made like a x100 in a month, but it wasnt enough :)

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LOL is it ever enough? I was going to retire on DENT, I had the big $1 bias in those days so I was hoping for the 60k cash-out, I should have taken the 6k and ran but you know greed is a funny old thing

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Yep ... been there done that

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Yeah sometimes we feel we've made smart Investment but then we haven't. $45... Hmmm that's gotta hurt real bad. But then in 2017 many people made a whole lot of shitty investment

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LOL that 45 bucks was a cheap lesson, the one I really learned from as a hack where I lost like $2000 that one stung a fair bit, but I learned never to leave your crypto on an exchange

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Haha, it sounds like my ride with DCN (DentalCoin). Bought in on 5 sats, saw it go to 50... And now I have no clue whats up. One of many I should have stories from my portfolio history :)

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LOL and how many coins did you get in at 5 sats? That's dirt cheap, I remember hearing about Denta when I was buying DENT and I thought it was a dumb idea so I passed on it

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I don't remember, but I had a good portion, and when it peaked, it was worth several thousand dollars. But, just like you, I joined in on the ride downwards as well! :(

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Lol, I haven't heard of DENT but sounds like it made a dent in your hodlings value!

Musicoin wins out for me as the biggest pile of dross I ever bought, shit man. Sold on a dream, then got absolutely wrecked! Don't even know if it's still going, haven't looked, no idea where it can be traded as it was on Cryptopia (lol)...

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Ding'd me up pretty hard, I feel like because it's the worst one percentage-wise I want to still try and salvage it if I can. I just haven't had the time to fully look into it to Arteta a come back out of it, after getting Unai'd.

Look I've bought some trash in my time, but even I knew anything that's only listed on cryptopia is a no go, that exchange was the land of shit coins and telegram pump and dumps

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I don't think any of mine are salvagable. Not even Mikel can resurrect hope from this pile of steaming horse manure! I've been well and truly Unai'd!

More like Craptopia! Guess I got in at the dump cycle haha

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I did something similar with some other coins, too. I guess most of us did the same mistakes.

Anyway, I don't see that as such a terrible investment. It's more like a missed opportunity.

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I was still a noob at the time so it was overwhelming and I didn't know how to read things and when to take profits, should have at least pulled out half and been conservative and made a fat gain

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huh... I remember DENT... I was thinking about getting into it, but I have somehow skipped it...

... and invested in other shitcoin... lol... 🤣 The final result was the same 🤣

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LOL oh I have plenty of other horror stories but this was just my worst percentage drop so I used this one for dramatic effects

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(Edited)

I guess I would kick myself too for not selling if I can get $6036 when I have over 10K % of profit. We are always hoping for higher price so we end up missing the train.

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Uhh.. That's so bad... 😂 Why you didn't sell when you saw it started dropping? I wanted to ask you what dou you think about Coin app (XYO)? Does it have a future? 😅

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LOL because I was a greedy noob and it was my first time seeing something like this happen so i was thinking I’m a freaking genius and I’m going to be filthy rich in one trade

Ah I wouldn’t invest too much in it, these Oracle chains are also a hype fad! I’d much rather look at LINK or BAND if you want to invest in oracle chain tech since it’s far more popular but either way not sure why we need oracle chains when they can be dev’d as a L2 solution for many other chains

But we’ll see, I could always be wrong but they don’t look like a winner on fundamentals

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Interesting, I've never heard about Link or Band.. I use XYO on my geomine app, I didn't invest anything, just my battery life 😊 It's just fun, I know I wont get rich 😅

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How does it work in your app? Did you have to buy the XYO to use the app?

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