“It only works if you're holding the correct projects.
Recently, he added, when he saw more and more people telling new investors to “simply hold through this” crash, he decided to show them a “different perspective to holding”. Except for a couple of exceptions, every single project is still at least 60 per cent down from the all-time highs,” the user posted on Reddit.Ĭiting his own example, he said he was among those who “got burnt” in 2017 because he blindly followed someone's advice and held all his coins. “As for the others, not only did they never reach previous all-time highs, they didn't even get close. The list included Bitcoin ( price in India), Ether ( price in India), Binance Coin, and Dogecoin ( price in India) with a rider for the last one being that its value increased because of Tesla CEO Elon Musk's push. The user, who identified as ‘shineyumbreon', listed the names of the digital currencies that regained their peak value. The user advised investors to “do research” when deciding what to hold for the long term. But one Reddit user has compiled a list from January 2018 to show that only 12 digital assets from the top 100 in 2017 ever regained their previous all-time highs. At the same time, others are doubling down and advising people to "buy the dip" and hold their tokens for maximum gains.
The cryptocurrency market has always been speculative and volatile, but the recent, steep crash after a massive bull run has led many to become extremely cautious while investing in the digital assets.
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