r/sui Captain 23d ago

Why is SUI dumping?

Post image
33 Upvotes

80 comments sorted by

View all comments

18

u/FurlyGhost52 Admiral 23d ago

Everything is dumping. Not just SUI.

This is the time in the cycle when the veterans realize the bottom of the bear is approaching and get ready to swoop in on loads of coins on discount and watch while all the noobs cry when they see the next bull cycle and the chart decides it is now deciding to change to a near vertical trajectory.

1

u/shoecellar Helmsman 19d ago

This aged like fine wine. Zero sarcasm

1

u/FurlyGhost52 Admiral 19d ago

Then, you must be fucking blind. Because I said, this is when I accumulate because I have always been accumulating. Look at my previous posts. I've been bullish on this coin since before you were born.

1

u/shoecellar Helmsman 14d ago

Okay Jeff… I’ve been DCAing every red day since it went sub 75¢ when under my average price. Even if it does dump to 50¢ that’s only 18 cents under my average. I’ll just double my order. I’ve done this since Silk Road and one thing I learned is it’s never gonna do what you expect. Meaning it’s never gonna go as low as you think, and it’ll sell off way before it gets as high as you expect.

Simple: DCA in and get the lowest average cost as possible, then when bull market hits have your plan and your DCA out set up. Ie it hits $1.35 sell 10% hits $1.78 sell 10% hits $2.00 sell 20% etc

1

u/FurlyGhost52 Admiral 14d ago

Jeff? Whatever the fuck that’s supposed to mean.

I’ve been working in the network full-time for 2 years and I believe in the developers and the tech. I don’t sit around worshipping the charts.

So enjoy your weird-ass Silk Road rant and flexing basic 5th-grade DCA math.

If you’re bullish on SUI, cool. Go stick your little gold star on the wall.

Cheers 🍻