After a nice DCA on this token and a good profit taking, I am starting to re-accumulate as the correction progresses.
Patience always pays off in the end. HNT should go much higher later on, this is just a very successful first bullish move.
Helium is an incredible project in any case, with real use cases, I really like this project (like ANKR & FLUX).
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I have once again taken some profits at 8$90 to further secure my position, which is largely winning (average purchase price is negative). I'm staying on the train with a nice position and will buy back lower after a correction or use these new gains to strengthen or buy into other projects.
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Additional sales between 9.70$ and 9.80$, I'm keeping a portion but will buy back lower after the correction. Be careful.
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I'm back on HNT DCA in my refill zone :-)
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I've filled my bags on HNT within my zone; I'm stopping DCA. I'll buy again only if we revisit it lower later on. Otherwise, I'll hold onto my bags for the next massive HNT uptrend, which will happen when the market and BTC improve. It was a very good buying zone regardless. I'm now starting my purchases on FLUX to re-accumulate as well. Patience is key.
Any explanation on why we are so low? I sold all of mine back at $8 somewhere. Just waiting for a bottom.
yankfr
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@gregshreenan, Many reasons, but this is quite normal. A lot of speculation, since the bottom we've increased by x10, now it needs to retrace for a better rebound. From now on, it's starting to be a good zone for DCA again for the next rise/wave. We could, of course, go down to 2$/$2.30 if BTC corrects further. Altcoins are dropping to retrace their gains but are also subject to BTC's price and dominance (Just like HNT is now somewhat linked to the price of Solana and its hype). Always a double game that's not so obvious. Personally, I'm starting to buy HNT again in DCA because I don't want to miss the next rise. What I like is that nobody talks about HNT anymore, a lot of silence, fear, and doubt are present, retrospectively rarely a bad time to start buying (in DCA).
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@yankfr hey thanks so much for your response. Makes sense, This is not a "project" as some would say or a scam. its a legit utilility and I use Helium Mobile so I am completely sold on the product as my aervice in So Cal has been every bit as good as Verizon, maybe even better! whith the tilens I get for mapping I have not paid for anything but the first months $20. i am paid through the next 3 months and still accumulating enough every month to pay for the service. the only question I have is how come nobody is talking about it. i mean thats incredible!
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@gregshreenan, Thank you as well for your response, it reinforces my decision to continue investing in HNT. From the beginning, I find the project very interesting. Like any project, they must have worked for months on points of improvement and to ensure they succeed in developing their customer base and revenue. I'm very glad to know that you are a user of this product. What we need to remember is that the token price doesn't always reflect the utility and quality of a service/product, but if the product is used and adds real value, the price will eventually follow (linked to speculation as well, of course). What I observe is that more and more people are using the Helium hardware and network (especially in the US), even if it remains anecdotal compared to major providers in some countries (like France here). But what I gather is that the numbers seem to be increasing (regardless of the price at the moment), and that's all that matters. The rest is just noise :-)
"Why isn't anyone talking about this?" Because we're still at the beginning; it takes time to gain recognition and deploy such a highly competitive service in the real world. Traditional businesses in the physical world have taken decades to develop. We need to let time take its course. As long as you're satisfied with the service and product, that's what matters. And from what I've seen, prices abroad make Helium a fantastic product still under the radar.
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Well said. i am going to start buying back in. I had a position of over 10k as I bought it at $3 before they ported over to Solana. i doubled my money in a matter of days and sold half of it and held the rest until I saw it starting to deteriorate, so I decided to liquidate and wait. i will take a position starting today and continue to hodl and accumulate for the long haul. Thanks again for your time. it was helpful to me. Cheers!
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@gregshreenan, That's exactly what needs to be done: invest gradually through DCA once the bulk of the decline seems to have occurred. Just as selling during overly steep rises (total euphoria) gradually. I had an average purchase price around $1.48, sold the majority between $8 and $10, then let the decline happen and started to re-engage because I like this project and believe it will go much higher. In crypto, you need convictions but also the ability to adapt to the market; that's the most challenging part, but with time, we get better at it with fewer mistakes. And also remember sometimes: follow your instincts :-)
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i am in Alchemy Pay for the same reasons. i see them everywhere transactionally as a paypoint gateway. just a matter of time and ACH is cheap right now at .03 ans change. my position there is 2nd only to my bitcoin pisition.
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@gregshreenan, Ohhh ACH :-) It's been a long time since I've heard about this project! I was keeping an eye on it some time ago but I had forgotten about it. It makes me want to go check it out out of curiosity ;-)
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@yankfr Yes well it’s a love hate thing you know? Haha. I bought in right before it went to .19 cents. I 10x’d and did not sell anything and learned a valuable lesson. Take profits!!!!! My gosh so stupid but that’s how we learn. I believe in what they are doing for the same reasons. Real use, real utility. It is certainly not sexy for any reason but they are massively ensconced world wide and CZ over at Binance has been behind them all the way but don’t listen to me as I am not shillin nor would I ever want anyone to take my advice lol. I am profitable because I got in 4 years ago and have not needed the money so just sitting on things and waiting. Taking profits when things shoot to the moon then reinvest when things get cheap
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@gregshreenan, Yes, taking profits along the way is important. I've also gone through that path in crypto; we learn through both pain and joy, haha.
"Taking profits when things shoot to the moon then reinvest when things get cheap" 👍