So i have a list of altcoins on blockfolio program that i use where i put down the coins to watch etc because many posters spoke so great about these coins. I did not buy these coins but there is 1 or 2 coin that i did bought where the value has plummeted but not like these below.
......Thus if you put $1000 in it, you lost $900. If you put $10000 in it, you lost $9000.
So with the market like this the last few months, how are people even making any money? So basically anyone that is trading from say few months ago, i have to assume a huge percentage of people have to be down money trading right? Unless you bought ETH, thats one of the few coins where it was up or not down that much depending on when you bought it.
Those of you that bought altcoins where the value has dropped at least 80%, i assume very few are selling right? I mean that would be an 80% loss minimum. Or 90 or 95%. I also read thread where ppl said oyster pearl is a scam? I mean does anyone here think these altcoins can drop another 80%? That would mean spectra coin would go from 4.56 to 0.24 all the way to 2 cents. And electroneum go from 10 cent to 1 cent to 0.001.
I have seen many altcoins doing same performance as your. And this I believe is major reason why many ICO nowadays failed to reach hardcap and some not even able to get their soft cap.
How people make money on today's market? trading. But for those who opt not to trade then just hodling coz there's no point in selling right now.
Anyways, before investing have you check what their project all about? Are you monitoring progress of the project? Coz if you can see team behind each project still working hard and able to follow their roadmap then you don't have to worry even if coin value is down now coz it will probably goes up when they are able to launch their main product and eventually there will have market demand for that coins again.