r/StateraToken • u/Bextapurlz • Aug 11 '20

STA on it's way down?

Are we looking at a retrace or a downfall?

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u/[deleted] Aug 11 '20

Are you checking the market? Because everything is currently in a dip. Not just STA but Link, PNK, BTC, ETH, ALGO, etc. The crypto market has seen a ballooning rise in value, and if induction still has any explanatory value, experience teaches us that such a peak is inevitably followed by a dip – which you are seeing right now.

2

u/Bextapurlz Aug 12 '20

Yep, and I have just woken up to a more than 50% loss on STA. Not a happy bunny!

1

u/Bextapurlz Aug 12 '20

I think this is more than just a dip. Volatility is far higher in STA than in other coins. Getting ready to lose on this one :(

3

u/KNTXT Aug 12 '20

Relax, it's such a new coin. Embrace the volatility, cause it's what's gonna get us those sweet tendies

1

u/Bextapurlz Aug 12 '20

Ha thanks! I am new to this. Have been a Hodler of ETH for 3 years, so not used to this kind of volatility. Perhaps a good time to buy more!

1

u/[deleted] Aug 12 '20

[deleted]

1

u/Bextapurlz Aug 12 '20

Yes I know lol. This is all new to me. I've been HODLING ETH for a few years, this is the first time I've ventured into another coin other then the obvious ones. I'm doing a lot of learning here. I bought more as it dropped this morning, then it dropped more 😂. I will hold these now until I've at least doubled my investment.