Just to confirm, my mate who literally sold his house to buy hex at the peak in September 2021 (and told me i was a fool for not buying into Richard Heart's hype), he's in for more pain?
BallaJi
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@Clark_Griswold, 1 person just sold 17 ethereum worth of HEX 50 minutes ago. I tracked his wallet. Batch minted a bunch of TitanX miners....
Clark_Griswold
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@BallaJi, Sorry to have to ask mate, (I did try and google before asking) but what does batch minting a bunch of TitanX miners mean? Also, thanks for posting all your analysis! It's very interesting to read everything you post! Cheers mate :)
BallaJi
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@Clark_Griswold, ... there is a new DEFI protocol running on ETH called TitanX. So this guy Sold a bunch of HEX and pulsechain coins for ETH. And entered that ethereum (over 20 if I recall) into the mining smart contract ..
Clark_Griswold
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@BallaJi, thank you for explaining that mate. Well it certainly sounds like the Hex train has crashed haha
BallaJi
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@Clark_Griswold, Basically it should have never exceeded 5-8 cents last cycle. How it got above that level is open to speculation ... But essentially it over performed . And the staking mechanism has trapped alot of capital in it. If there was a common narrative to abandon ... HEX and use that capital to rotate into Pulsechain. A actual useful and needed Blockchain. Things would be a lot healthier. But I still HEX see influencers pushing ridiculous price targets ... So unlikely to happen.
BallaJi
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@Clark_Griswold, Full disclosure I am participating in TitanX... If the contracts don't blow up ... there's always that risk . It's a quite savage blow to HEX and Richard Heart. Richard is supposed to be this self proclaimed Genius, early Bitcoiner. So with all that experience and intellect designed the HEX protocol. Which has completely failed imho. (NO shame in that... as these are all... Including Bitcoin financial experiments)
But the real damning thing this kid comes along.. with not much experience or capital has designed something that seems way more thought out and better executed .. IDK man That's pretty damning if true. And only hardens the assumptions/accusations That RH really was just a confidence man.
BallaJi
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@Clark_Griswold, Wow congrats mate... could have been a huge financial mistake on your part. Knowing what we know now, and how things panned out.
soypaperhand
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which price targets are possible in bull run for hex?
BallaJi
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@soypaperhand, Possible or Likely... Pick a number it could hit many numbers but a sustainable High price seems unlikely
My best guess 5 cents
above 10 cents the selling will be ferocious I imagine.
Suppoman has had bullish price predictions when he has covered it... Idk man