Everyone keeps saying stuff like "coins are on sale right now", "look at the price, it's a bargain", etc..
99% of those who are saying stuff like that are holding bags of lots of altcoins and wish to see them recover. and 1% remaining are parrots who are repeating them!the fact is if someone thinks it is a bargain then they wouldn't be wasting time. they will tell others how said coin is going to die and how they should sell because them selling means these people can get a better deal.
check out bitcoin board to see what i mean
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But every single one of these coins was at least valued 5x lower just a few week ago. There is a correction now, but most of these coins are still ridiculously overvalued in my opinion.
Thoughts?
couldn't agree more.Thoughts?
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Instead of buying into these coins I feel it would be smarter to look for promising project that still have a low market cap instead.
true. i will actually look for coins that start rising with a large volume injected in them after this blood bath was over.