Buying the coins that dropped 90% doesn’t always mean it’s a good opportunity... Most likely they are clinically dead coins and will never return to their previous peaks."
In every market cycle, there were coins that were in the Top 10 and then disappeared completely in the very next cycle—and they won’t come back.
By clinically dead, I mean: the coin is only trading on the surface (formally) and the same coin that needs a 50 or 100x increase just to reach its previous peak.
So be careful of this trap.
Of course, you might find a rare exception out of 1000 coins, but it’s not the norm.#GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop #BitcoinBestWeekSinceMarch2023 #SpotGoldHitsHighestSinceMay15 #TrumpPressesCongressToPassClarityAct $BTC $ETH $BCH
In every market cycle, there were coins that were in the Top 10 and then disappeared completely in the very next cycle—and they won’t come back.
By clinically dead, I mean: the coin is only trading on the surface (formally) and the same coin that needs a 50 or 100x increase just to reach its previous peak.
So be careful of this trap.
Of course, you might find a rare exception out of 1000 coins, but it’s not the norm.#GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop #BitcoinBestWeekSinceMarch2023 #SpotGoldHitsHighestSinceMay15 #TrumpPressesCongressToPassClarityAct $BTC $ETH $BCH