Bitcoin Forum

Okay so Terra LUNA probably the most notorious collapse, but ... were there any other tokens you thought would do well and fell below negative 100% ?

Here's one that was hyped by a lot of Influencers earlier this year: The Neighbours
Supposed to be a realistic game / metaverse where you could buy and furnish your own real estate.

Went from a peak of $147 to an unbelievable $0.006203  !!

Checked their page, they're still in business :-\

Any other hidden "gems" ?  ;D

Luna was a hidden gem in 2020, those who got caught in this mess failed to take profit when it was at its ATH, I keep asking why are people holding on to a coin that has rewarded them handsomely already? Greed? See I made my biggest gains from tokens that are shit projects, today they have less than 10,000$ volume available, almost dead and some people are still caught in the trap, why? Are people getting married to their altcoin bags?

Its tandem, UST.

We cannot be sure in the market and that's why before you invest, you should have done your research before you're gonna be sure with what you're up to.

And for those projects that have been hyped by influencers, people should be double careful with them. Because these influencers are paid to advertise those projects without even looking if it's legitimate or not to their audience.

As for that project, yeah, maybe they created it during the hype of realistic games and metaverse. And maybe could have bite that hype from crypto influencers and they but it pushed the price to that huge numbers. But I'm shaking my heads on how much people lose here and on the other hand, those who took advantage of it, bank it early and never look back. And probably laughing when they profited from those noobs.

Projects that fell 100% should be considered dead 💀  it means all investors sold and left the project and it has no volume available anymore, the lowest I've seen till now is around 98% max, top altcoins are safer than low market cap coins, be very careful investing in such project.

Any project that been felling like 100% was a dead coin/token. there was a coin like squid game token which has been falling for 100% and it's dead right now. Calling it as a hidden gem is quite strange for me. What will you do with it? did you wanna bet on it? I meant it's not any dumped token will be pretty much the same like luna. Luna was different case but any tokens that were dumping to the zero value can be considered as a dead token for sure. In my opinion if you must aware about this too.

It's my first time to heard about that game. What I know that was very popular earlier this year was pegaxy. It's a horse racing "game" where you can earn $VIS. It was really hyped on my country late January-February because you can earn almost $20 per day and that is more than the minimum wage here. It's NFT's peak price reached more than 2000$ and VIS token 0.25$. But now you can buy it's NFT horse for less than 1$ and its token is just 0.00011$ now.

There are really a lot of coins like you are looking for, their value can drop by 100% and can be called dead coins. These coins are shitcoins, pump and dump, if you invest in shitcoins cases like this are not too surprising.

Luna's case is different because it's the top coin, it's not like shitcoins are created in a few days and die later. Luna was built by a professional team with high utility and application, I remember correctly, Luna was developed from 2018 until it crashed. It has come a long way, no one would have thought it could collapse so quickly for a top coin with a billion dollar market cap.

Yes you are right about Luna, it's not like every other meme coins out there but it's a project that was created with a bad foundation, every investors should learn from Luna mistake, when your coins are surging either good or shit project always take your profit, never ever fall in love with any altcoin.

You can see most of this tokens on BSC shitcoins especially those project that been rugpull. The loss percentage is more terrible than that but if you are pertaining on mega project that turns into disaster mess like Luna then there’s no project like this except Bitconnect.

Those negative percentage gain is very rare to see on project and most of them are only possible to the abandoned project.

I don't need to look for coins that have dropped drastically during this bear market because I focus on looking for coins that can increase after the bear market is gone. Maybe Luna is the example that @OP is looking for and if you mean "hidden gems" that can drop again, we won't know what coins will drop drastically after this.

We don't have to look for it because we'll see for ourselves and there might be some meme coins that just can't survive in the bear market this time.

I was too late to find out that the play-to-earn hype is over I hoard this token https://coinmarketcap.com/currencies/ancient-kingdom/ and lose 99.27% of its value. I bought it in a launchpad because of the hype it created I was hoping that it will have a future so I HODL put in my wallet and just forget it, then when I checked my portfolio it was down 60% waiting for the next pump that never happens until it goes down to 99.27%

Add beyond protocol to that list, I can't believe how that project fall from ath to -100%.
I lost the opportunity to join the bounty when it was launched here in the forum months back, I even had to put it on my watch list of potential project to invest on, am just glad I didn't before the ship got wrecked.

Terra ust same thing, I had plans to convert some of my assets to ust and stake to take advantage of that 20% they offer but mehn was I glad I hesitate a bit.
Hidden gems indeed  :D

I think that the general rule during a bear market is that the smaller and the newer the project the higher the losses are. Of course there are always exceptions like the one that happened with Terra that you already mentioned but that was also something very extraordinary and that event did not only bring Terra down but also the whole crypto market with it.
At the top of my head i don't know any project that has experience such a sharp drop like that metaverse project that you have mentioned, but i am pretty sure that 99% from all those thousands of meme-coins (shit-coins) that came out in the last few months have gone down in value just as much.

I am the type of person not to use the word gem wrongly, just because a coin did well during the bull market and hit its all time high that shouldn't mean it's a gem. The bull run is a season in the crypto-currency world where coins move up fast, a lot can influence this FOMO, and even FUD. But for a coin to be considered a gem it has to also show itself approved during the Bull market.

You buy coin because it did well in the bull run you may only end up like the many that are trapped in Luna and yes not only Luna many other coins that hit their all time high also fell into the mud.

Yes, this is one of the projects that has recorded the worst history. This is like a person who has a lot of gold and is thrown to the bottom of the sea. They have succeeded, and many are using their blockchain, the chances of adoption will be greater, but they don't want that, just want money by cheating and selling all the coins that cost all investors big losses.
Will there be such projects? Of course there is. Because the Luna project is not the first to do things like that. Many previous projects also did scammers. Only the way they do it is different.

It is not quite clear what people expect from an already dead ecosystem and a dead coin? That it will restart again and give away several tens of thousands of percent to recent investors? If Do Kwon is caught and convicted of fraud, all these coins will collapse very quickly. Investing in projects that are in limbo and looking for some hidden gems in it is not investing, it's a gamble.

Are you considering these coins are gems, my advise will be not to invest in those coins and those are not gems but traps. If you check the market you will find plenty of tokens that were launched in the past two years who went down considerably and only a few tokens will rally considering the project development and the team involved as not even coin will recover from this slump.

Previously I only knew about Terra and had never traded on any exchange. But after there was a serious incident that caused the price to drop by almost thousands of percent, I just kept quiet and couldn't say anything. It's hard to believe what has happened, especially for Terra holders and those who have just bought Terra, they must have experienced very heavy trauma.

This isnt a good justification I think. How come other projects like shiba that fells on this leve somehow survive and even do an unrealistic ATH after that. You are right, a shitcoin who loss like that are probably dead but depends if its worth a shot or another chance to prove them wrong.

Terra on the otherhand is really worse from dead to another life form again which is clearly looked like a scam.

What happened to LUNA is a lesson for all of us, that we must be careful when investing in crypto. That is why the South Korean court has declared
Do Kwon as the founder of LUNA guilty and issued an arrest warrant. Because it is very visible that there is manipulation of LUNA prices, which can
fall very deep suddenly and harm many investors. It has definitely traumatized some LUNA holders, and some have even decided to stop trusting
crypto anymore. The effect of the fall in the price of LUNA is indeed very large on the crypto market. Some investors panicked and sold all
their cryptocurrencies, thereby making the market situation worse. My advice is to diversify when investing in crypto, to prevent us from losing our
money entirely. Because if we invest in several coins, if there are projects that end up experiencing a very deep decline or even projects that become
scams, we can still profit from other projects that we have.

Any coin that falls by -100% is dead coin, and you should avoid it. It means the coin value is 0 and there could be lots of reasons from not being traded in exchange to an exit scam that no one wants

What you should be looking for is a coin at least in the range of (-90 to -99%) if your focus is on "hidden gems"
Even Luna that collapsed so badly did not reach -100%

That’s a good indication for you to notice the dead coin and we should really avoid those kind of project at all cost. I personally left the project if its drop and hit my cut loss price. i don’t need to wait for this level before I sell because that’s a total loss for me already. There’s a lot of P2E projects that comes down into this level, so be careful with those projects because they might not be able to recover from this.

maybe because of the high price in the past that made me never enter LUNA trading so I survived their failure, if such a large LUNA could collapse how about other new projects it is definitely easier to crash, when the market is not good at this time there needs to be in-depth research because we can lose money if we make the wrong investment

if some coins has lost so much of its valuation that it quite literally -99% i don't think it's gem, mainly because even if the coin is increasing it value at some point it's just like scraping some values left from the coin itself, doesn't change the fact that it has lost 99% of its valuation meaning it's already such a big failure, of course there are many similar coins that went collapsing last massive correction but I don't think they are really worth investing.

At the beginning of the presence of the Terra project on the market, many thought the project was a good project to be used as an investment because many investors were interested in the Terra project so that LUNA coins could have a very good value in a short time, but after the big incident happened, now the project cannot be trusted anymore even though they have plans to recover the losses of investors who invested with LUNA coins.

I used quotation marks for the term "hidden gems" to emphasize the sarcasm of that remark by the way.
Never thought it would be taken literally and misquoted so many times !
Anyway, there are a few coins who have fallen below negative 100% and are still in the game. Klima DAO one of such ( still forging ahead with their roadmap ) which currently sits at negative 99.9 %. LABS Group another I can think of, which was recently at negative 99.4% and still making moves trying to recover. This particular one is tackling the Real Estate niche ( not virtual Real Estate, actual Real Estate ), so I'm looking to buy into this project myself. So don't assume because a project has hit negative 100% it's a "dead" project, it might be just an extremely low cap project hitting rock bottom. Even Bitcoin fell from $30 to one cent at one point.
By the way, Celsius is another project that officially went bankrupt, yet it rallied pretty good since that happened. The way I see it, this is crypto... anything can happen. I wouldn't invest in these bankrupt projects though... but someone else may make a profit from it.

Warning, do not consider such projects as hidden gem, if truly they are hidden gem they will maintain good volume and liquidity on exchanges in this bear market, below 100% means the project is dead or about to, do not gamble on such projects even if you have the money to waste.

Yes you are right about that, I also think about LUNA will be the best Altcoin at that time, because the price is very high and also there are many big investors in LUNA. Everyone also didn't expect LUNA to have such a bad experience with the big Dump that happened at that time. Of course all investors are very disappointed and even though the developer will revive LUNA at the current price, I don't think it will happen because all the big investors are very disappointed and will not be able to join LUNA.

There are a lot of course. Luna is just popular because of their high market cap but if you take a look at small market cap shitcoins you will see how these coins are rugged.
Some of these altcoins are already scam since beginning, the price just went up because of manipulation so founders or the team behind of the project will get money from the people.

to be honest, no one thought that the price of Terra Luna would be like this. this enormous drop made him disintegrate in no time. this makes us all wary about the crypto assets we hold, and think like "after this, what more coins will fall". Basically, we won't know about it until the CEO of the project doesn't pay attention to the project they have anymore. other than that, I think that the fall of Luna might be something that makes us more careful in investing. however, to date, I've only chosen coins like bitcoin, ethereum or Bnb for large investments, and I haven't invested too much over a long period of time in coins other than that. I did this because I was aware that something like Luna would happen again.