Many people continue to hold Filecoin ($FIL ) because they are unwilling to let go easily due to the large losses, hoping to make up for the losses in the future.
The vision of the FIL team is to build a decentralized storage network, and this concept has attracted a lot of attention. In the bull market of 2020 and 2021, FIL has risen in price with the help of publicity and marketing. Many people have invested a lot of money to buy mining machines, expecting high returns.
As the market fell, the high cost of miners of $FIL was exposed. In addition to buying mining machines, coin pledge is also required, which increases the difficulty of operation. As the market changes, many people find it difficult to make a profit, their confidence is shaken, and the price continues to fall.
Despite this, some people continue to buy at the bottom, hoping that FIL will rebound like other projects. However, this recovery may take years and is full of uncertainty.
The future development of FIL requires time and technological breakthroughs. Compared with long-term uncertainty, many people prefer to focus on projects with potential in the short term.
$FIL still has potential, but it takes time and patience to realize the vision. In the face of an uncertain market, rational choices and trade-offs are crucial.
