Quote from: justdimin on Today at 07:48:04 PM

Quote from: Xal0lex on December 04, 2022, 06:45:39 PM

Quote from: Nihal6443 on December 02, 2022, 05:31:15 AM

For me AVAX (avalanche) Is the coin i got good profit in this coin by investing 5 times.

First two times i got huge profits.
But after that not huge but that was also the good profit by holding same coin.

Good profits came from those investors who invested in 2020, buying at 50 cents, and then selling exactly one year later at $150. Now the price has fallen exactly 10 times, a good option for investing. This is not investment advice, DYOR. The avalanche network is growing, nft on the avax blockchain is also growing in terms of trading volume. I think in the next 3-4 years we have a chance to see AVAX at $200.

I highly doubt that there were too many people who held it. I mean first of all it was locked for a long time, which means that not many people were capable of selling even if they wanted to, and secondly there weren't that many people who could invest, because if they weren't invested at first, they couldn't get much of it since it was locked in others wallets, and rarely unlocked. So all in all, the price increase happened because of scarcity and nothing else.

I guess that some people did made some profit, but in the end it's never going to be the same again in the future even when the bull run happens, it will be a lot less higher ups, and that is my worry for Avax's future.

Large profits have never been made by large masses of investors, which is understandable, because there is not enough money for everyone. If we are talking about the coins that were distributed at the ICO, they were locked in for a while, but even if we do not take into account the original investors, but ordinary market buyers, buying 2 years at $4 would also be an extremely profitable investment.