Quote from: fullhdpixel on October 24, 2023, 02:35:56 PM

Quote from: Xal0lex on October 17, 2023, 04:37:31 PM

Quote from: TheToadStoole on October 16, 2023, 08:04:39 PM

As title says, for example Solana dropped 10x, will it easily 10x again during next bull cycle in late 2025?
Last time round I bet on BCH to 10x having dropped 10x.... IT DID SWEET FA.

What say you? Wink

It is much easier for altcoins to fall in price than to rise. If something has fallen in price 10 times, it does not mean that the price will soon return to its previous values. There are plenty of altcoins that once cheapened, never managed to repeat their former success. So I'm not sure that Solana will be worth as much in the future as it was worth in 2021. It could be the same story with XRP, where the price of the coin will never reach ATH for many years.

I totally agree with this, and this is the reason why they are altcoins and aren't anywhere near Bitcoin when it comes to price recovery Bitcoin can drop significantly for sure but it has the ability to rise back unlike many altcoins that can't gain substantially value after dropping heavily after a bull run. There are a lot of such tokens and coins that die off during a bear market because they can't recover their price after dropping significantly since their investors migrate to other cryptocurrencies.

That's why, it's not really good to make investments based on the fact that a cryptocurrency has fallen a certain percentage and it will gain the same or more value during the bull run because if it fails, you will lose all your money, so it's better to invest in coins that are attracting more investors in recent times.

Its indisputable that Bitcoin has consistently showcased resilience, especially when we compare its recovery rate post-significant drops to that of most altcoins. Its as if Bitcoin is the proven standard-bearer, whereas many altcoins cant even find their footing after a fall. And its disheartening, truly, to witness so many altcoins with potential get swallowed up in the bear market, becoming obsolete due to their inability to reclaim lost value. How many times have we seen investors flee, moving their stakes elsewhere? Too many to count, really.

Now, for your point on investment strategies, it hits home. Investing merely based on past dips, hoping for a proportionate rise, is naively optimistic. In our business, we havent integrated crypto payments because of stifling governmental laws, though we can store them. Their volatility is a significant reason. This space is a minefield, and without a discerning eye, losses can mount. Its paramount to focus on tokens attracting genuine traction, rather than ones with transient hype.