Will Decentraland recover? - page 2.

Maidak

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Quote from: JamesDaniel90 on November 19, 2022, 07:44:41 AM

Would be interesting to hear any thoughts on this? Are you for or against Decentraland and if so why?

Honestly, there is not much prospect for this project, it was overrated during the bull season and now it can be seen that it is returning to its true value. You bought them at a high price so selling now doesn't make much sense but you should stop DCA, too risky. Metaverse is a trend that is not so obvious and we still don't know if it is the next trend of the market, so don't invest too much in metaverse projects or other trends. You should focus on bitcoin or ethereum would be better.

asriloni

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Metaverse was still an experimental and it's not yet become a thing. To be honest mana was an over rated what people called that as metaverse. Sandbox is far better in so many aspects. It seems like that you have been trapped at the peak price caused by you were buying at a very high price. I thought that DCA was not even working here. How fast recover from the market actually depends on the numerous factor. The price of decentraland may able to recover but this will not gonna happen in a short time.

It seems like that you must be patience waiting for the recover to come but this might not be in a short time. I do believe the recover may slowly come around next year. The crypto market will be doing sideway this year.

There are so many incidents in crypto that prevent it to recover. I don't like the condition in the crypto market right now. You just need to save your mana until the recover may come next year. This is still possibility

PrivacyG

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I do not have a particular thought on Decentraland. But since we are in a bearish market, this is completely normal. When the market is bearish, about every single thing is going to freefall. Bitcoin is still the leader of Cryptocurrencies and shows no sign of failing yet even Bitcoin dropped by a significant amount. This says nothing about the coin itself but says a lot about the status of the markets.

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JamesDaniel90

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Decentraland was the first crypto I invested in when I started investing February this year buying at £2.45.

I have been DCA a lot since the June crash and I thought 60p was a steal but in recent weeks it has just kept falling and is now at 34p. My average buy is now only 64p but I am still 46% down on it overall.

This is my first bear market experience and I know altcoins being down 90% is normal but I thought the metaverse was supposed to be the next big thing?

I am still buying at these cheap prices just not as often now.

Would be interesting to hear any thoughts on this? Are you for or against Decentraland and if so why?

Topic: Will Decentraland recover? - page 2. (Read 210 times)