RIP my fold investment. Is this the bottom? Time to double down? Or can it go lower?
pull down to refresh
152 sats \ 0 replies \ @denlillaapan 11 Apr
Ouch
reply
144 sats \ 0 replies \ @kurszusz 11 Apr
This daily chart looks like a rug pull...
I think it could easily go lower...
My buying/investing strategy in 2 sentences...:
- I never try to catch the bottom when buying (or the top when selling), but I wait until it stops in the downtrend and starts to rise...in which case it usually shows a trend reversal pattern. That's when I buy (with a sell level, then I watch for a trend reversal after the top). This usually works for me 80+% of the time.
reply
136 sats \ 1 reply \ @Cje95 11 Apr
I think imma buy another 10-20 shares lol
Edit:
Bought 20 more at $2.85
reply
0 sats \ 0 replies \ @BlokchainB OP 11 Apr
I will follow you soon as the IRS tax return check hits! Any day now!!!
reply
132 sats \ 1 reply \ @birdeye21 11 Apr
Felt like such a premature move for them to make...suddenly now they have to channel energy into pumping stock price instead of focusing on building a product that's ready for the masses to uphold its stock value. I fear that going public actually snuffed their ability to grow their user base
reply
22 sats \ 0 replies \ @BlokchainB OP 11 Apr
Short term yes. They are dependent on visa. In the long term they can pivot and offer bitcoin services much quicker. But they can also get acquired by some big tech company or legacy bank
reply
124 sats \ 3 replies \ @abhishandy 11 Apr
Try reading their 10-K and other financial statements. Since you're invested in FLD, it's time to investigate. Are they in profit or loss? Do they have enough bank balance to survive few years or heading towards bankruptcy?
reply
0 sats \ 2 replies \ @BlokchainB OP 11 Apr
I think the only have an S-10 out. I don’t even think they been in the public market for a full quarter yet. Maybe the 10-Q came out investors hated it and dumped the stock
reply
1076 sats \ 1 reply \ @abhishandy 11 Apr
There's a many more docs than S-10 here: https://investor.foldapp.com/financials/sec-filings
reply
0 sats \ 0 replies \ @BlokchainB OP 11 Apr
Wow thank you for this!!
reply
75 sats \ 0 replies \ @grayruby 11 Apr
Ride out the storm.
reply
61 sats \ 4 replies \ @Satosora 11 Apr
What will you do?
Buy the dip?
reply
31 sats \ 3 replies \ @BlokchainB OP 11 Apr
Can’t all out of fiat at the moment. Def not selling sats to buy stocks lol
reply
488 sats \ 2 replies \ @Satosora 11 Apr
Lol
Sell stock to buy sats.
That is the direction you want to go.
reply
10 sats \ 1 reply \ @BlokchainB OP 11 Apr
Hahah that’s the plan!!
reply
73 sats \ 0 replies \ @Satosora 11 Apr
Sell at the right time and get out.
Best advice l have ever heard was to sell at the top.
reply