I remember when I first heard of powh.io (proof of week hands) back in february this year.

The concept was absurd:  A smart contract which act as a ponzi scheme in which poeple invest eth in the contract and immidietly being stripped away 10% fee of their investment  that in turn is divided between all the concurrent investors reletively to the ammount the've invested.  If they decide to cash out their investment they will also pay 10%  fee fine which also will be divided between the rest of the investors.  

Sounds crazy right?  sometimes crazy is the most interesting thing because after the p3d token rized to 0.0208 eth and the contract held 20k eth back in the end of march. It crashed in the middle of may to 0.009 eth and the contract only held 4500~ eth. 

It went like this till the middle of july and then within couple of days the price rized to 0.04 eth~ ! and the contract is currently holding 73k eth!  quite an amazing achivement.

Sadly, I've already withdrawed my 5 eth investment back in the down area sometime in june and lost about 1 eth on the process.

my rich friend who had invested  30 eth there! gave up on the program a couple of days before it mooned and lost half of his investment!

Even sunny decree from youtube had shared that he also participate in this , invested 20 eth and pulled them out just before the moon.

Only my sister which I've convinced her to invest in this back in march like me didnt touched her 200$ eth investment and now she is dancing on 500$ pure profit.

This can teach us that sometimes you just need to hodl , the more action you take the more you lose eventually.

The reason for the change in the uptrend is probably due to the new "fomo 3d" game that the've comeup with which I will explain in my next post :)


![](https://cdn.steemitimages.com/DQmTcbXt1NHGHt2NVGNPyTVXvAJsNZAEo31v2oVCP8DqTD6/image.png)

CRYPTODAD