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Author Topic: Many altcoins may not recover this fall.  (Read 313 times)
justdimin
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August 16, 2024, 06:52:42 PM
 #41

Whenever there is fall like this, only shitcoins don't recover back from the dip because it investors would have left when the coin or token lacks the minimum and adequate fund to keep it running up to the required stage, knowing more about the project developers is very important also because some where known for this that they will reward people for their investment on them while some may not due to so many reasons only them can relate with
If that be then history might likely be repeating  itself in this case. Knowing the project developers can kind of give hope, but does it really matter so much?
Everyone should watch out on their investment move. Emotional intelligence is important in this case.
History really does repeats itself but that is a good thing if we are talking about those investors who left a dying project because that means that they fully learned their lessons. It's also a good thing if many shitcoins don't recover anymore.

The only thing is that there will be another replacement for them. Well at least they don't stack and make this market so polluted and if their numbers are already too much, I'm afraid that they will overlap the old and much better coins that we all know. Of course, it does matter a lot if the project developers gives their investors a hope but they must be very serious about it at this point because their investors are also giving them another chance.

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TastyChillySauce00
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August 17, 2024, 02:10:14 AM
 #42

Whenever there is fall like this, only shitcoins don't recover back from the dip because it investors would have left when the coin or token lacks the minimum and adequate fund to keep it running up to the required stage, knowing more about the project developers is very important also because some where known for this that they will reward people for their investment on them while some may not due to so many reasons only them can relate with
some VC funded coin also don't really recover back, there were many of them I lost count but majority of coin that didn't have the token unlocked already and isn't at the level of top 100 usually have difficulty of recovering back due to the increase in BTC dominance lately and also because they are mostly just secondary investment choices.

that's why investing in some random altcoins is never a good idea to begin with



too much risk involved.

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August 17, 2024, 04:30:37 PM
 #43

Normally with the fall of bitcoin price towards $50k in the recent days all altcoins took the downtrend falling in reciprocation to bitcoin, and I see many people in a hurry to buy some altcoins and hold believing that when bitcoin rises up again they can make some significant profits.
 
. just a quick reminder that one-third of the shitcoins that have fallen chances are that they may not be able to recover and pump along with bitcoin. It can be a gateway to a straight dump. Be careful the shitcoin you wanna rush in to sink your money this period of sharp instability in the market.
Cases like this often occur with altcoins, we must really look at the project directly whether it really has the feasibility to be held longer, because there are very few shitcoins that can go up again after getting their performance, not going back to ATH.

The crypto market often adapts to new technologies and interopability better in terms of using the network as a service for users, so we must really pay attention to the project directly to consider whether you will stay or not invest in an altcoin project.

Because of that also do not make financial mistakes in altcoin investment, your portfolio should be dominated by Bitcoin and the rest of the selected altcoins.
The matter is that most coins should not be held for the long term or even bought when they are going down, as many people on their greed see a meme coin going down and they think this is the opportunity they have been looking for to buy the coin for cheap, but it is a trap, since meme coins have the tendency to gather a lot of support early on and then drop like a rock, so anyone buying a meme coin at that instance is wasting their money, as it is unlikely the coin will ever recover.
In choosing a meme coin, you need to be careful, don't hold it for too long, especially if it is no longer worthy in its value "Overvalue', it is too hype and so on, such coins are no longer worthy to be held for too long.

However, we always remember that meme coins always get the attention of many people when the market is growing, so the latest meme coins are more worthy of buying if you are looking for memes to invest in, it remains the same as other altcoins, only in terms of price fluctuations, meme coins are more cruel.

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August 18, 2024, 08:54:01 AM
 #44

I am sure that this very large decline could cause some altcoins to reach new ATHs but not all will recover, many people are trapped by falling prices hoping that a bullish market will soon arrive even though on the contrary prices continue to decline. It's true what you said, we have to pay closer attention to the decline in bitcoin in recent weeks. I was trapped for a long time in shitcoin, so from there I took the attitude of not rushing into buying a coin without any alternative movement in the market.

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August 21, 2024, 06:25:02 PM
 #45

In choosing a meme coin, you need to be careful, don't hold it for too long, especially if it is no longer worthy in its value "Overvalue', it is too hype and so on, such coins are no longer worthy to be held for too long.

However, we always remember that meme coins always get the attention of many people when the market is growing, so the latest meme coins are more worthy of buying if you are looking for memes to invest in, it remains the same as other altcoins, only in terms of price fluctuations, meme coins are more cruel.
No meme coin is worth holding for the long term, it's a common misconception among meme coin investors that they are going to get a lot of profit by buying and holding meme coins when that is not how meme coins work. When you buy a meme coin, if it doesn't pump early, there is no point in holding it for long because meme coins go up only when they are hyped, and if a project doesn't get enough hype in the initial stage, it is not going to get that later on.

So, a meme coin project that doesn't seem to be all around the industry will barely earn you any profit, if you had bought it in the hope of getting a lot of profit but that didn't happen, there is no point in holding anymore because you will only have your money stuck on that trade and nothing else.

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August 22, 2024, 08:28:15 PM
 #46

Normally with the fall of bitcoin price towards $50k in the recent days all altcoins took the downtrend falling in reciprocation to bitcoin, and I see many people in a hurry to buy some altcoins and hold believing that when bitcoin rises up again they can make some significant profits.
 
. just a quick reminder that one-third of the shitcoins that have fallen chances are that they may not be able to recover and pump along with bitcoin. It can be a gateway to a straight dump. Be careful the shitcoin you wanna rush in to sink your money this period of sharp instability in the market.
I don't buy and hold shitcoins or meme coins it is not advisable by the expert if you buy it it will be very risky and posible loss will occur,i believe that there are a lot of shitcoins and meme coins on the market and it can really make us loss if we will invest into them not all of them but most,so we should always do proper investigation every coin that we want to invest for good.

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Today at 06:42:28 AM
 #47

Normally with the fall of bitcoin price towards $50k in the recent days all altcoins took the downtrend falling in reciprocation to bitcoin, and I see many people in a hurry to buy some altcoins and hold believing that when bitcoin rises up again they can make some significant profits.
 
isn't Normal for the whole market reacting how bitcoin acted as well?

bitcoin is always the trend setter and what price this may have will also the action of altcoins.

Quote
. just a quick reminder that one-third of the shitcoins that have fallen chances are that they may not be able to recover and pump along with bitcoin. It can be a gateway to a straight dump. Be careful the shitcoin you wanna rush in to sink your money this period of sharp instability in the market.
if you are betting in Shitcoins then you must know that the value may not recover at any time after the fall.

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Today at 06:53:59 AM
 #48

Normally with the fall of bitcoin price towards $50k in the recent days all altcoins took the downtrend falling in reciprocation to bitcoin, and I see many people in a hurry to buy some altcoins and hold believing that when bitcoin rises up again they can make some significant profits.
 
. just a quick reminder that one-third of the shitcoins that have fallen chances are that they may not be able to recover and pump along with bitcoin. It can be a gateway to a straight dump. Be careful the shitcoin you wanna rush in to sink your money this period of sharp instability in the market.
I don't buy and hold shitcoins or meme coins it is not advisable by the expert if you buy it it will be very risky and posible loss will occur,i believe that there are a lot of shitcoins and meme coins on the market and it can really make us loss if we will invest into them not all of them but most,so we should always do proper investigation every coin that we want to invest for good.

Yep, it should be the money we are willing to spend on them only, after thoroughly analyzing the risks involved. And even after that, it's not even a 95% chance of getting something out of it Grin Things may go south, always.

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