Community what is your opinion on this?
I see good projects, I see them growth but as soon as the market is consolidating everybody is making their buck and pull their money out.
As hodler its a true pain in the ass, because you see many good solid projects decreasing by more than 50% and taking ages to get back.
The sad part of this story is that, if you see this happening the next time and you feel the market consolidating, you will just sell high and buy cheap again.
But is this the trend we want to follow?
There is nothing to be done, people do not believe in holding altcoins for a long time, the only coin most people hold for a long time is bitcoin and to be honest I think that is the correct strategy, since we do not know for how long an altcoin is going to exist, there are statistics that say that most cryptocurrencies project fail and the failure rate is close to 90% so we cannot blame people for not holding.I see good projects, I see them growth but as soon as the market is consolidating everybody is making their buck and pull their money out.
As hodler its a true pain in the ass, because you see many good solid projects decreasing by more than 50% and taking ages to get back.
The sad part of this story is that, if you see this happening the next time and you feel the market consolidating, you will just sell high and buy cheap again.
But is this the trend we want to follow?