The pain of being a bagholder - My true story - Episode #2 - FellatioCoin | and on the verge of doing it again i bought steem
This will be episode #2 about my history on holding bags. But first my almost sleepless night about the latest temptation to possible repeat myself. Steem.
If you did read my post in episode #1 you can imagine that ever holding a bag again, after those wild years in 2014, is something i do not like to repeat.
Steem is the first real temptation to put fiat in crypto again. What makes it even more difficult to decide is the inflation, and that it is wise to counter that, by converting your coins into steempower.
And as we all know you can not withdraw steempower very fast from you wallet. So this time it is not really possible for me to leave at the right time. If i would ever wanted to leave ofcourse.
But while writing this article, i already made my decision. I bought steem.
Steem(it) is fun and sometimes that is more important, so i am in :-)
Now back to bags from the past.
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There was no reason what so ever to not believe in this coin. I mean, who does not love a fellatio? If you do not know what it means. Just google it. You won't be disappointed. The brilliant stuff they came up with in 2014 is unparalleled.
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Bill Clinton supported it i even read back then. But ofcourse it was clear that it was all a joke. But wasn't Doge a joke?
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And just look at these great stats.
- Distribution: PoW
- Algorithm: SCRYPT
- Total coins: 210 MIL
- Premined: NONE
- Block Reward: 500 BLO
- Block Time: 600 SECONDS
- Trade Confirms: 6 blocks
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I was not that naive enough to buy them for btc. But i did set the alarm clock for the launch of it. To download this new wallet as fast as i could. Yeh a lot of GPU cycles and power went into this coin.
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And i did not expected much of it ofcourse and was sure i would sell those fresh coins as fast as i could. It would not be a new doge coin. Even i could see that. But when i looked for a exchange there was only one cryptotc.us, but not much was going on there.
So i started up my wallet. And 0 connections. And this was all 6 days after launch.
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It was for sure the shortest ride i got in crypto. And although i do not know it for sure. I think this coin was the lowest or highest (depending on narrative) in crypto i have seen.
Next time i will write about a coin i helped rescued (for a short time that was) and did the communication for after the launch.
This is the one.
I want to thank the upvoters of episode 1. It is nice to see people reading and liking it.
For this serie or privacy and security stuff join me @disofdis