Is there a chance that the value of Cardano could drop to 0?
ALL cryptocurrencies can drop to a value of zero or very near zero. This has already happened before and will keep happening.
They are NOT commodities with real world use or shares in a productive business. There is no backstop to their price. The price is purely based on what others are willing to pay for it.
I would advise STRONGLY against “HODLING” any cryptocurrencies, with a special emphasis on altcoins. This is not a wise long-term investment.
previous analysis:
Pump the idea for more trading ideas.
They are NOT commodities with real world use or shares in a productive business. There is no backstop to their price. The price is purely based on what others are willing to pay for it.
I would advise STRONGLY against “HODLING” any cryptocurrencies, with a special emphasis on altcoins. This is not a wise long-term investment.
previous analysis:
Pump the idea for more trading ideas.
Nota
Highly likely it will go to near zero if not zero.Nota
Once the time comes I will be buying this and bunch of other shitcoins, once the fed pivots. It will be probably around September this year .Nota
to zero
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.