/biz/ - Business & Finance

Nothing to lose and good money to be made.

Only few...

>>26130973
That's right. Still despite the potential of the project, a few things to be worried about (copypaste from another thread):

>team is anonymous
>anonymous team
>no real value beyond "muh rewards"
>if volume dies it's over
>DAO/gouvernance/community driven buzzwords
>you have to hope that/or try to make other people see why it's interesting to buy below the peg
>burning your tokens for a coupon is basically betting on the price going back up to $1
>it can also be perceived as a "sacrifice" to artificially reduce the supply in order to pump vanilla holders bags who can just wait to see their bags appreciate in value
>sell pressure can be massive as the price goes up due to bagholders who got burned waiting for an exit, holders who have excess DAIQ thanks to the rewards granted by the pump to $5 before the crash
>TEAM IS ANONYMOUS

This may very well be a falling knife situation and the recent hype/interest the last exit pump of the token before its final downward spiral. So be sure to assess the risk properly, and don't invest more than what you can afford to lose. Let's see if the price manages to rise above the .30 resistance this week before thinking of $1

Right now it's dipping nicely, so waiting for an entry at 10 cents might be a good idea.