The cryptocurrency market has always been uncertain and volatile. But the recent earthquake in this market has proved that it is necessary to think with extreme caution before investing in digital assets. While others are talking about doubling profits and are advising to invest in this lower level market so that maximum profit can be made in the coming time, a Reddit user has made a list from January 2018. . It has been shown in this list that only 12 out of the top 100 digital currencies have touched their old record highs since 2017. The user has advised the investors to research before considering the idea of holding this currency for a long time.
This user named shiny Umbreon has created a list of digital currencies that have touched their peak value again. This list includes Bitcoin (price in India), Ether (price in India), Binance coin (price in India) and DodgeCoin (price in India). This user wrote in his post on Reddit, the rest of the cryptocurrency neither reached their old peak point nor could they even come close to that score. Barring a few exceptions, every single project is witnessing a decline of at least 60 percent.
Giving his own example, this user said that he is also one of those people who trusted someone else’s advice in 2017 and he kept all the coins on hold. The user further said, “When he saw that many people are advising other investors to hold the coin even at the time of this crash, he thought that the other aspect of the holding should also be brought to the fore.”
“It only works if you’re holding on to the right projects. If you had chosen one in the top 100 cryptocurrencies in 2017, you had only a 10 percent chance that you had chosen the right project.” The user said that people investing in cryptocurrencies need to do intensive research and only then choose the right coin so that they can get the market benefit of holding it in the coming time.
The post received a positive response of 93 percent and received more than 100 comments. Most users stated that the cryptocurrency they are holding is included in the list that shineyumbreon has created. A user named ellersh7623 said, “This is a great post. The strategy to hold is only some serious crypto projects. But only works. ” A user named RamHead04 wrote, “I will protect this list for the next bull run. It should be hanging on top of the cryptocurrency.”