Gala - is it over or will it recover?

[|MINER|]

Currently, the alternative coin market is very risky to invest in, especially if you want to hold it for the long term, then I would advise you to stay away from alternative coins. And if you want to invest in alternative coins, then it is better to invest in the top four or five. And in this case, Gala was one of the best altcoins. Currently the market condition is bearish so chances can be taken by waiting for the bull run inside it. But bitcoin will be best for now for the security

[GeorgeJohn]

I am invested in Gala and there has been a lot of bad news recently with many investors either worried or selling.

I am currently holding what I have and will buy more if we really do fall lower but I am just wondering what others are doing?

We are only a few more months away from the bull run so feel it is worth holding.

Is Gala still a good investment or not anymore? See link below

https://beincrypto.com/gala-games-legal-dispute/

 

Some of the altcoin is not reliable and it's not worth dependable because they do crash on the way, so therefore it's good for someone to be careful to any altcoin is investing on, because during the time of investment you have watch and investigate properly before investing, because if you don't invest in cryptocurrency properly you will you end up losing especially all this new coins, in altcoin investment someone don't need to go into long term investment, a short term investment is the coin that will gives you what you needed or what you want because you will not allow bearish season to meet you during the process of investing in newly introduced coin.

[LogitechMouse]

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Is Gala still a good investment or not anymore? See link below

https://beincrypto.com/gala-games-legal-dispute/

Gala is a blockchain gaming ecosystem base on Coingecko. Are blockchain gaming becoming popular right now? No they aren't. The hype around it is over. Even the most famous blockchain gaming which is Axie Infinity already lost it's users. Though I can still see some blockchain games that are still up, I don't think that they're that popular until now.

Add the fact that the developers are facing a legal dispute, both of the things are a recipe for disaster for the project. I will not be surprised if this coin will just go down even further, and even though they win on that legal dispute, I don't think that the project will recover. The only way for them to recover is when the bull market starts.

Is it a good investment? No for me. As much as I want to put my money into blockchain gaming tokens, I believe that there are far better altcoins out there that are worth to invest my money with.

[ultrloa]

I am invested in Gala and there has been a lot of bad news recently with many investors either worried or selling.

I am currently holding what I have and will buy more if we really do fall lower but I am just wondering what others are doing?

We are only a few more months away from the bull run so feel it is worth holding.

Is Gala still a good investment or not anymore? See link below

https://beincrypto.com/gala-games-legal-dispute/

Depends on how they convince new or old investor to pour some money again on their project. Since if they cannot accumulate people to buy their token then expect that the same scenario will exist, so if you cannot handle the consequences of the current situation much better if you do cut loss. But if you feel that there's constant update happening like good plans set to pump and raise the interest of people then maybe hold if you can still able to do it.

[Xal0lex]

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Is Gala still a good investment or not anymore? See link below

https://beincrypto.com/gala-games-legal-dispute/

Gala is a blockchain gaming ecosystem base on Coingecko. Are blockchain gaming becoming popular right now? No they aren't. The hype around it is over. Even the most famous blockchain gaming which is Axie Infinity already lost it's users. Though I can still see some blockchain games that are still up, I don't think that they're that popular until now.

Add the fact that the developers are facing a legal dispute, both of the things are a recipe for disaster for the project. I will not be surprised if this coin will just go down even further, and even though they win on that legal dispute, I don't think that the project will recover. The only way for them to recover is when the bull market starts.

Is it a good investment? No for me. As much as I want to put my money into blockchain gaming tokens, I believe that there are far better altcoins out there that are worth to invest my money with.

Any Game-Fi investment has a short life span, otherwise the investor runs the risk of running into trouble in the form of sharply depreciated tokens. GameFi tokens suffer from inflation because investors and small market players are not interested in the development of the project itself. All they are interested in is making money. If you constantly pull liquidity out of a project, sooner or later it will go bankrupt. This is what happened with Axie, people came there only for earnings and getting rewards for the game, they were not interested in the game itself and tokenomics at all. That is why the Axie project lost its value very quickly.

[Marykeller]

If you do have a good amount of Gala in your portfolio, I would advise you not to buy more of Gala but instead buy bitcoin which is a safe investment. If you have less amount of bitcoin, you can take the risk and buy gala at this price of 0.015959

The price of gala has been declining in price since the legal dispute between its CEO and the co-founder started. Many investors are been selling because of that and the possibility of gala recovering to its peak price of 0.8 is now slim but let's see whether the bull run will put a smile on the faces of those who are to hodl their gala till then(2024/2025)

[lienfaye]

Is Gala still a good investment or not anymore? See link below

I really feel sorry for those who have invested in GALA because I see that GALA has a very high scam potential. It will be safer to store assets in BTC. I had a bad incident in 2017 where I lost almost $1,000 in altcoins and since then I decided to keep my assets in BTC only.

Alts are more risky to invest in. GALA is no different especially the current price is declining. Investing in this coin is risky since you're not certain if it can recover once the bear market is over.

So if you already invested, maybe you can wait and see if there's a changes. But if you didn't invest yet then refrain and look for other coins that are worthy to hold (like Bitcoin). I'd rather invest to established coins than to take risk in a coin with no clear future if it might skyrocket or turn as shitcoin.

[wxa7115]

Bitcoin is safe yes but I want to make some money and to do that you have to take risk. The average person like myself is not going to make life changing money with Bitcoin.

Hopefully Gala can make it through to the bull run but if it doesn't at least I have others to fall back on.

But you are only looking at the best possible scenario, altcoins can in theory produce more profits than bitcoin, but that is the theory, the reality is that most altcoins will never produce profits and the few that can will only produce profits for a very short amount of time.

And it seems GALA falls into that category, as it has been producing losses for almost 2 years and its price has suffered a spectacular crash of more than 98% from its all time high.

[HONDACD125]

I am invested in Gala and there has been a lot of bad news recently with many investors either worried or selling.

I am currently holding what I have and will buy more if we really do fall lower but I am just wondering what others are doing?

We are only a few more months away from the bull run so feel it is worth holding.

Is Gala still a good investment or not anymore? See link below

https://beincrypto.com/gala-games-legal-dispute/

There is no doubt that many investors who had invested in Gala are worried after the news about Gala and there are many who have sold. This is because they are afraid that Gala  token may be zero. This news has caused the price of the Gala coin to drop by 8% to 10%, Although such news should have caused a bear market to drop by 50% to 60%, the project is strong, so it did not see such a big drop. In such a bear market, an 8% price drop is normal.If you have Gala Token and are thinking of holding it instead of selling it, then your decision is best.

I think there is no need to sell Gala tokens at this time. If someone sells all their tokens at a loss, I think it would not be a good decision. If there is bad news in such bear market then DCA cannot be done. If you want to hold or sell, it also has its own procedure, if someone wants to sell, I think by selling 50%,If the market falls further, it can be bought back from the bottom, or re-entered where good news comes. So I think it's not such bad news that people panic and sell their assets at a loss, and if they have to sell, this formula of 50% hold and 50% sell is the best.

[Johnyz]

If you do have a good amount of Gala in your portfolio, I would advise you not to buy more of Gala but instead buy bitcoin which is a safe investment. If you have less amount of bitcoin, you can take the risk and buy gala at this price of 0.015959

The price of gala has been declining in price since the legal dispute between its CEO and the co-founder started. Many investors are been selling because of that and the possibility of gala recovering to its peak price of 0.8 is now slim but let's see whether the bull run will put a smile on the faces of those who are to hodl their gala till then(2024/2025)

This could be a game over for GALA as many investors are slowly cashing out even at a big losses.
I suggest if you only lose 20% of your capital here better to sell and reinvest it with Bitcoin, by doing this you can still have the chance to recover your loses especially now that Bitcoin is cheaper and the potential bull run is still in the market.

[JamesDaniel90]

Just an update on my own situation - I am currently 52% down in my Gala position.

I haven't bought any for a while and only planning to if it falls to £0.01 which would be another 18% drop from where it is at current price.

If this situation is as bad as everyone says it is, then it should fall to my target price and I will then buy my last 20,000 Gala which will take me to 50,000 total.

I will then hold and just hope for the best and that it makes it to the bull run, if it recovers then great if not then I can live with the loss.

I first invested in Gala hoping it would reach £1 next bull run , but now I will be happy if it can just make it back to £0.10.

[bluebit25]

Just an update on my own situation - I am currently 52% down in my Gala position.

I haven't bought any for a while and only planning to if it falls to £0.01 which would be another 18% drop from where it is at current price.

If this situation is as bad as everyone says it is, then it should fall to my target price and I will then buy my last 20,000 Gala which will take me to 50,000 total.

I will then hold and just hope for the best and that it makes it to the bull run, if it recovers then great if not then I can live with the loss.

I first invested in Gala hoping it would reach £1 next bull run , but now I will be happy if it can just make it back to £0.10.

I think you have an easy strategy with it, indeed this is not a project that I am interested in but I also think it will still respond and maintain future growth with the fields of trend combination new direction. It would be very relaxing if anyone was comfortable investing and facing losses. Personally, when I look at the GALA/USDT chart, I also think it depends on the level of research to make an investment decision with it.