Cryptos are overvalued: This market is correcting that! - page 2.

Thanasis

hero member

Activity: 1820

Merit: 515

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Quote from: jamesashmore1964 on June 23, 2018, 06:13:11 AM

Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!

Every product in the world gaining value by the demand and supply of it so we never know how much the altcoins are bitcoin alues because it will change too often then the demand changes.But the growth maybe just hyped by some factors so now it is correcting itself and will gain the actual growth in the coming days.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

Do remember that this downtrend has not only targetted the over hyped and valued coins only it has killed all of them even the highest quality projects and coins, just look at the king and queen i mean btc and eth they have been crushed as well, but personally i see a big swing and reversal soon.

HumberGuns

newbie

Activity: 46

Merit: 0

I think we need a strong cryptocurrency regulation at this time!
too many scams, too many worthless coins. crazy investors!
people continue to buy shit coins without knowing nothing about them... this market is becoming insane...

efodix

full member

Activity: 532

Merit: 100

The market is very volatile and at the developing stage, so the correction is an obvious thing, and due to its volatility it is a sensitive thing for most of the investors, but it does not mean overvaluing.

AnnaGeraMsk

jr. member

Activity: 280

Merit: 2

the market grew because there was a HYIP, I personally believe that everything moves according to the rules of trade, and if this is so, then let it move

Docbee

full member

Activity: 822

Merit: 100

Yes, it was overrated from last bull run, maybe that is the reason correction has taken long time to end hopeful it will end, this is my second year in crypto, i haven't seen correction so long like this from my experience.

Veks_King

newbie

Activity: 76

Merit: 0

That's not to say those alts won't have value in a few years time.

Early days. The biggest gains are made by early investors. If you believe in a project then stand by it.

sponge_bob13

newbie

Activity: 63

Merit: 0

Yes, you are right there are some over valued coins. For this we need to choose the alts carefully.Else we may incur heavy loss.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: jamesashmore1964 on June 23, 2018, 06:13:11 AM

Many ALTs are worthless but have million dollar and billion dollar market caps!

You know what they have value? there's no one who's willing to buy those tokens so their value has been stuck with the holders.

Quote from: jamesashmore1964 on June 23, 2018, 06:13:11 AM

You would have to be insane to invest in some of them but people have!

Only choose those tokens that are worth to invest and don't just go with the hype of investing.

Quote from: jamesashmore1964 on June 23, 2018, 06:13:11 AM

Maybe the market will correct to this fact of life!

It has been correcting lately.

jamesashmore1964

jr. member

Activity: 336

Merit: 3

Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!

Topic: Cryptos are overvalued: This market is correcting that! - page 2. (Read 234 times)