So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins. I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.
Some of these coins a while back people said that are great. These are the prices when i put i on blockfolio before when i recorded and price now
sia coin 0.08 0.01
substratum 3.06 0.32
spectracoin 4.56 0.24
oyster pearl 0.93 0.25
electroneum 0.10 0.01
So with these coins people spoke about... they have fallen over 80%. Spectracoin when i put it on blockfolio at 4.56 when people spoke great about it and prices kept going higher, its now 0.24. The same can be said of substratum. Also people talked a lot about electroneum. It was 10 cents and i thought about buying because of all the things people spoke about it. Now its about 1 cent. So basically anyone that bought it at 10 cents has lost 90% of its value. Thus if you put $1000 in it, you lost $900. If you put $10000 in it, you lost $9000.
So with the market like this the last few months, how are people even making any money? So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right? Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.
Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right? I mean that would be an 80% loss minimum. Or 90 or 95%. I also read thread where ppl said oyster pearl is a scam? I mean does anyone here think these altcoins can drop another 80%? That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents. And electroneum go from 10 cent to 1 cent to 0.001.
Most of my hold altcoins since December 2017 has gone down even negative to what they were before. Lol. The market is harsh to the people who doesn't know how to hold and sell. We won't really know how the project will go down and up.
I just wish it can go up to where it was before. Just even half of it and I will be really selling half of it. It will be really helpful. We just have to wait.
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