Aphelion DEX Lost 90% Value in Minutes and This is How I Reacted.steemCreated with Sketch.

in bitcoin •  6 years ago  (edited)

Aphelion has been one of my biggest risks I've taken in the crypto market this year. It's a project I've believed in. They have one the the most beautiful wallets ever created in my opinion. Basically, the Aphelion token is a DEX token that pays out 80% of the transaction fees to its token holders. It has a total supply of 70M. I have a lot of them. I mean ALOT.

Screen Shot 2018-12-11 at 7.12.41 PM.png

Recently they announced that they would be shutting down the DEX because of the SEC's move on Etherdelta.

You can read that whole story here > https://medium.com/@ianholtz/aphelion-disables-mainnet-dex-what-it-means-and-where-do-we-go-from-here-953b4dfa6bb7

and naturally the APH market completely freaked out. Causing a 90% dump of its value.

It went from .00000800 SATs to .00000080 in a matter of minutes. Screen Shot 2018-12-11 at 7.18.41 PM.png

SO my 61,000 APH went from being worth .40 BTC to .04. It was shocking to look at my portfolio, but honestly when I saw this. I didn't get pissed. I got excited.

WHY JARED WHY! You might ask... Well, because I saw the opportunity to triple my position at 90% off. I still believe in the project and if you read the article up above you'll see that this move to pause the DEX is just temporary. They aren't closing their doors. They're just making sure they won't get fined or sued.

So I tripled my position as you can see here.Screen Shot 2018-12-11 at 7.24.51 PM.png

I entered when the price was around 80 to 123 Sats and ever since then the price of APH has gone up over 200%. The APH market is like how the 2017 Market would act when some great news comes out.

APH CEO recently released this article. > https://medium.com/@ianholtz/aphelion-weekly-updates-december-11th-2018-84ed041e0163

and the APH market reacted like this. Screen Shot 2018-12-11 at 7.29.13 PM.png

And the DEX hasn't even been reopened yet, but they're saying it will happen before the end of the year.

Moral of the story is we're all aware that the crypto market is in the bear season and everyone is saying get out while you still can Bitcoin is dead and It's going to zero... That's an amazing signal for an amazing opportunity. It's an opportunity for some small fish to turn into whales within the next 3 years. We all want to make a living out of this, but if we're all doing the same thing wether that's selling or buying. We're not going to. So buy when everyone is telling you to sell and sell when your grandma asks you about Bitcoin. I didn't do that last part, but I should of.

This isn't financial advance. I'm not telling you what to do. I'm telling you what I did and am doing. My story and my whale status is currently in the making. I can't predict the future, but still. I'm certain of this. (Please excuse my confidence this really isn't financial advice)

But I have no doubt that I am going to be right. Bitcoin might still keep falling for awhile, but I think we're getting really really close to the bottom. What do you think?

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