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Author Topic: Coins that fell below negative 100% this bear market  (Read 173 times)
Shasha80
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September 24, 2022, 09:34:30 PM
 #21

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.

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.

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JeromeTash
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September 24, 2022, 09:44:31 PM
 #22

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%

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Johnyz
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September 24, 2022, 09:52:59 PM
 #23

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.
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September 24, 2022, 10:49:12 PM
 #24

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

bittick
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September 24, 2022, 10:57:44 PM
 #25

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.

bounceback
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September 25, 2022, 06:50:47 AM
 #26

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.
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.

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September 25, 2022, 06:54:17 AM
 #27

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.
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September 25, 2022, 07:19:26 AM
 #28

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.
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September 25, 2022, 07:39:27 AM
 #29

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.
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.
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.
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September 25, 2022, 07:43:40 AM
 #30

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% ?
(....)
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.

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September 25, 2022, 07:53:10 AM
 #31

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.

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