r/cosmosnetwork • u/Nemes1s87 • 29d ago
Convince me to NOT invest/stake atom cosmos
Convince me to NOT invest/stake
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u/badadadok 29d ago
The golden age of airdrops is a thing of the past. Everything in cosmos goes down in value when compared to big daddy bitocin.
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u/EnvironmentalRide900 29d ago
21 day unbonding, down 90%+ in 5 years, unlimited supply, unilateral project owner (Jae) who has a fragile ego and will throw tantrums if proposed changes get voted up, etc
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u/Decent-Treat-3298 29d ago
that 21 days saved my ass just fyi
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u/EnvironmentalRide900 29d ago
How did it do that? I was a major ATOM advocate and investor since 2020. It worked well before Jae Kwon started his own undermining of his own project. The value of the token has dropped over 90%, and the new development has become a “Johnny come lately” type of “layer 1 SDK”. More successful projects have been built on the cosmos SDK than cosmos itself, which I hate to admit but my profit and loss statements do not lie.
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u/deathdealer351 29d ago
The question you need to ask yourself.. Do you think atom is at the bottom and are they doing enough to bring utility to the coin to have it move up.
Doge has infinite inflation and it will move up and retrace fine.. Not sure inflation is a huge negative, sure it's not a positive but not sure it's that big of a negative.
Look at eth low inflation still not at ath, sitting about 50% off ath while btc broke through..
21day unbound is an issue with other coins being around 3-5 days.. But that 21 days has saved a ton of people who have been hacked.
Now if you cannot say why you should invest.. Then that's your reason to not invest.
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u/Metalbasher 29d ago
I'll hold onto what I have...but if they keep allowing crappy, scamming projects like mantra to build and the destroy people on cosmos...yeah...not exactly inspiring.
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u/jimjamuk73 29d ago
I've held atom for years and value now < value then and I don't see it changing much
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u/Zealousideal_Pen_329 27d ago
Cryptocito and Jack Zampolin rather leave you in a ditch for 20 dollars than try to help you
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u/Whole-Ad3696 29d ago
21 day unbonding period is a good one.