In the market of wash trading and speculation, is there much room for bargains?
Yesterday I read a comment that made me laugh all day, maybe because of my professional aspect, I have a low laugh point. This comment is: "Which one has fallen by 90%, go in and get involved" This is a very scary thing. For a stock, whether you get involved at 100 or 10, when the price falls to 0, the chips you buy are all 0, so the currency in the market is not safer the cheaper it is, and it is not safer the more it falls.
Some people will think that anyway, the price has fallen by 90%, it will definitely rise back. If so, Genghis Khan's iron hoof should have returned to Europe long ago, so your perception of cheapness and rising back is unreliable. Specific things should be analyzed in combination with current conditions, and you cannot use cheapness and falling so much as the standard for subsequent market intervention.
Then, let's go back to the past, Luna has already fallen by 99%, but you don't know that there is still 99% after 99%......, any 99% will quickly clean up your position, not to mention that there are several processes to go to 0 later,
ICP has fallen from 400 to 28 since its launch, but do you think this is the limit of its decline? On the contrary, it ran to 3 in the subsequent decline, which is already a self-destructive currency. It looks cheap, but who can tell where the real bottom is? It may be directly offline in another two years if it is not ideal. If it falls 90% from 400, it will fall to 40; 40 falls 90% to 4, and any currency and any chips cannot withstand two 90% declines.