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6691154 No.6691154 [Reply] [Original]

Bought this shit for 0.120 ETH, now it's 0.085.
Why is it not recovering?

My palms are sweaty, knees weak, arms are heavy. Shall I dump it already?

>> No.6691231

because its a stinky chinky exchange that cant even figure out what gas to use.

>> No.6691232

>>6691154
kucoin confirmed exit scam.

>> No.6691259

>>6691154
why the fuck would you buy in at 0.12? You realize that a 150,000$ holding of KCS gave you like 20$ dividends/day when the volume peaked? You'd be better off having your money in a bank. It was/is priced in for billions of dollars of volume. It's overbought as fuck.

>> No.6691269
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6691269

>>6691154
>Why is it not recovering?
Because they're abandoning their ponzi referral scheme in light of Bitconnect getting slapped down, and Binance reopened registration, sucking all of air out of the room.

Now it's just Shitcoin Exchange #77843. Abandon ship while you can.

>> No.6691430

>>6691154
https://cryptodealer.io/blogs/news/bnb-vs-kcs-vs-coss
COSS is obviously by far the best of these options.
If you compare the calculators, holding a similar amount (in USD) of COSS instead of KCS will give you about 2/3rd of the profit now, but with much more growth potential.
On top of that, the KCS dividends are going down to 15%.

>> No.6691460

It will recover, give it timw

>> No.6691479

>>6691154

Nigger, KuCoin is insolvent. They haven’t paid out dividends in 4 days. Withdrawals aren’t going through... this shit is an unlicensed exchange based in China. My Magic 8 ball says “outlook not so good”.

>> No.6691486

https://news.kucoin.com/en/kucoin-gives-away-tesla-car-carvertical/

>> No.6691572

>>6691460
I am a poorfag. I used to +5-10% everyday daytrading. Now my funds are frozen...

>>6691430
I have 200 COSS that i bought at $0.9 so I guess it's not bad...

Somehow I lost hope in those "dividients" coins.

I think you're right. It's better to lose a feet than let the disease spread.

I'm gonna dump it on the first local peak.

>> No.6691659

>>6691259

Math. How does it even work.

Even assuming volume never recovers above $130m (lol), with $150,000 holding you are making $7,135 in dividends per year (thats assuming none of the coins you are getting paid in will ever go up [LOL]). That's a 4.75% return. Not amazing, but better than any bank.

Now I think you are smart enough to figure out the rest:

If volume even doubles to $260m (it peaked at $375m last week), it's now a 10% return.

If it even gets to half the size of Binance, it's now well over 100% ROI just on the dividends alone.

Literally the only way this isn't a profitable buy right now is if you think Kucoin will steal your money. That's not a crazy assumption, but at that point you shouldnt trust any exchange.

>> No.6692203
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6692203

>>6691659
4.75% annual returns in crypto is fucking nothing mate. It's never going to half of binance' current volume. Literally the only reason it peaked at 375m$ volume is because Binance closed registrations. Also they just suspended the Invitation bonus program out of nowhere, reducing trust in the platform and reducing incentives to stay involved with the site, who's to say they wont reduce dividends or fuck over KCS holders somehow? People arent patient enough to wait a year for 10 or even 20% returns in crypto.

>> No.6692431

>>6691659
I'm not into the complete FUD, but you're not taking into account the % decrease with that extra volume. I don't remember what the tiers are but $350M daily volume cuts it straight down to 15%.