Post
Topic
Board Altcoin Discussion
Re: Reason behind ALTCOINS not bouncing Back
by
Ashong Salonga
on 24/02/2020, 16:18:52 UTC
Since last few months almost majority of trader/Investor are seems like hopeless or bored from this dead marked, Expect whales or manipulator. Here are many are at safe side by making some decent moves during a little recovery season, But still a majority of peoples are in extreme loss or average loss. Here is many aspect behind the all scenario. A few are following:

        a) We always expect a big hit and don't trade according plan.
        b) Many strong projects are effected due to shitcoins performance.
        c) Altcoin will still remain dead due to Bitcoin's FOMO
        d) Worst reasoning why Alt market will not be bounce back at the position where it was before all this mess is
        Most project dump their whole supply in market on its investors.

Well, practically those what you have said are right. We are all having such a great expectations towards any projects that all turns out to get into the other way around. We are all always making it too hard or complicated to the extent that we are wondering to think seamlessly that everything can be possible to happen. It is also true that because of the recent scenarios that involves most projects that promotes new Altcoins that turns out to be a scam or fail performance of all the other existing cryptocurrency is affected most specially with the Altcoin market because people are having this general mindset and concept that all projects involving Altcoins are all scam and failure which is not true; but because of persistent public claim, people do believe on this words making potential investors as well as newbies avoiding projects involving Altcoins and are afraid to invest into the Altcoin market. Dumping of the prices is also one of the main reason why Altcoins prices are not rising up because people tend to drop down their assets just to be able to save their own and making the price as well as the other holders to suffer.