Try not to buy new coins, don't touch Litecoin or ETC, the consensus on old coins is there, the hype is just temporary, worthless coins will not return to their previous bull market prices.
LIVE
梦娜
--
Bearish
$ORDI I still want to criticize this coin. In this wave of the bull market, this was the only coin in my spot trading that lost me over $6,000 in total. I wish I had never known about this coin. When I first bought in, its market cap ranking was around 70. The price action was quite normal at first, but on November 13th and 14th, the movements completely disgusted me. During those two days, altcoins were surging, while the big holders, team members, or some investors of this coin chose to sell during these two days. That's right, they started dumping at the peak of the bull market. What could have been a rally instead fell a tiny bit. Ever since that time, I felt something was off with this coin. Sure enough, after that, whenever it tried to rise, it was immediately met with a pullback. At that time, everyone else was rising, so I didn't pay much attention, but the actual increase was the smallest, and the drops didn’t stop, causing its market cap ranking to keep falling. Then came the funniest part—the recent pullback that brought it back to its pre-bull market state, with the market cap dropping to over 140. It seems the team has also sold off most of their holdings in this wave; maybe this is just the game. I've tried to catch the dips several times along the way, thinking I had hit the bottom, only to catch falling knives instead. I could only take the loss and exit. Based on my past long-term spot trading experience, I believe there won't be any significant rebound for this coin; it will only continue to rank lower. Even if it gathers some momentum for a big rebound later on, it won't reverse the downward trend. Then it will gradually fade out of the public's view. Unless a new investor comes in to support this coin, let's just say I have nothing further to add.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.