Down 99%? It can still fall another 99%
A crypto asset falling 99% doesn’t necessarily make it a bargain. It can still fall another 99%.
In this How Not to Invest segment from The Daily Wolf, Scott Melker explains why investors should be extremely cautious about buying “zombie” crypto projects simply because their prices have collapsed. Using recent exploits affecting Harmony and Ravencoin, Scott breaks down how declining users, developers, mining activity, and security can leave abandoned blockchains increasingly vulnerable to attacks.
The lesson: Don’t confuse something being cheap with it having value.
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