Why do you mainly play with mainstream coins? Xiao Miao will do the math for you, and you will see it clearly!
(1) Mainstream coins fell 30%, but rebounded 25% and are about to return to their previous highs.
(2) Many altcoins fell 80% and rebounded 60%. It seems that the single-day increase is very sharp, but in fact there is still a 68% drop.
Assuming the initial price is 100:
1. Mainstream coins: 100 * 0.7 (fall 30%) = 70
70 * 1.25 (rebound 25%) = 87.5, which is equivalent to a 12.5% drop from the high point
2. Altcoins: 100 * 0.2 (fall 80%) = 20
20 * 1.6 (rebound 60%) = 32, which is equivalent to a 68% drop from the high point
RIF is a typical example.
Hold your BTC, the other 95% of altcoins or local dogs will become nothing in 2~3 years!
