Re: Downfall still possible?

Quote from: cheezcarls on October 28, 2022, 09:48:33 PM

Quote from: CryptoATM on June 30, 2022, 08:57:06 AM

Some very good coins out there have lost 95% of their value already is it possible to see more down fall? I'm throwing this to those that are present in last bear market, marketcap and volume is over millions of dollars and price is 95% down? Shocked

:I downfall still possible? For example Metahero.

Unfortunately it's possible for any altcoin like what you have mentioned. There are no guarantees or astronomical guaranteed returns for any cryptocurrency (except stablecoins unless de-pegged like Terra Luna's UST) that are subject to market volatility. It can go up or down anytime without warning, because it is unpredictable.

Even if you are so good in technical analysis, reading charts, predictions or so, the only master is the market itself and has the final say in the end.

I think what he was saying is too volatile. 95% or more drop for a very good coin is impossible. There are cryptos who dropped like that but they aren't consider as a very good coin, rather they are a shitcoin or a pump and dump coin. Very good coins like btc and eth can give us a guaranteed return as long as we hodl them for a long time.

We can stake stable coins to earn stable rewards but I think the reward that you will get for a long time of staking is only small. This is why many have questioned it and are making fun out of it. Analysing and reading charts are not enough but you also need to watch the news more often or watch the update of the coin you are following so that you will be aware if it's collapsing or not.