Post
Topic
Board Altcoin Discussion
Re: How is your altcoin investment faring since the recent dip?
by
shogun47
on 17/06/2021, 04:40:26 UTC
Nowadays I loss more than half of my balance. Already waiting for market rebound in 1 month but the price still sideaway, but from this price action I can predict if the price will bounce back anytime soon, because if the price sideaway for more than 1 month that mean that area price is accumulation by whales. Only whales is possible to moving up the price of BTC. I keep patient waiting for another afew month and I believe in the end of this year another bull run will start again.

It really depends on the alt coin portfolio one has put together. Now it would be wrong to say that the top coin always fare better as they also gave everyone a 50% loss (roughly). What's really tanking are many of the alt coins that have been launched on BSC smart chain. Lots and lots of them started out with a couple of dollars and have tanked all the way down to low double digit cent areas.

It's a gamble to buy into those coins because more often than not they are intended to be a money grab for those launch them.