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Basic Questions about Cryptos / Re: Be careful of the coin you invest on.
« on: May 09, 2024, 06:37:37 AM »-snip-I am also confident about how Bitcoin will revive after the bearish trend is over,
we can rest assured that Bitcoin will always bounce back and correct its trend overtime, as long as we continue to HODL through that temporary fluctuations.
While this may not be the case for other tokens, there are tokens that have become worthless due to its inability to recover from a DIP.
it is only a matter of time and then reaching a bull market will make new history on Bitcoin.
All altcoins will be affected and there are indeed coins that cannot recover from their DIP price and some also recover and follow the price of bitcoin.
-snip-I know what you mean, it's about how every person or trader's choice to choose the top coin with fluctuating profits could have reversed direction easily because top coins like ETH have many holders and the drawback is we won't get a 10x, 100x or even 1000x increase in the near term, it requires altcoins or memecoins which even it can happen when a new memecoin is launched, But that's with a higher risk of loss.
Anyone who wants to get into memecoin should be aware that losing it will be real if you are not prepared, but for those who are ready with everything and get out early they will benefit tremendously.
This is the crypto world, and anything can happen in the blink of an eye.