Guys, I've been thinking about this and wanted to share it with you because you all feel like family to me lol. Lately, I haven't been earning much, and after ranking up these past few months, I lost a lot trading Memecoins. The altcoins I'm holding don't seem like they'll give me significant returns.
I'm considering going all-in on Ethereum because I believe it will be very bullish and could reach $5,000 to $10,000 this bull run. I want to accumulate more before the Ethereum ETF. If everything goes as planned, I might get some free ETH hehe
Anyways, my concern is whether I should go all-in on Ethereum or just buy 1-2 ETH and use the remaining money to buy other altcoins. What do you think?
I'm sorry to hear about your loss, that's why I don't like to invest in meme coins because meme coins never give you profit with surety if you lose your luck. If you buy and it gets hyped, then you have a benefit, otherwise, it's a sure loss. I have a different opinion about the rest, about ETH, I'm not saying that ETH won't be provable or if Bitcoin goes up ETH won't go up much, ETH will definitely go up and if you hold for the long term, if you can wait till then, you will get good profit but it is also that apart from ETH there are good projects like SOL, BNB, GNO, etc. You can also invest in them and earn good profit.
I have seen it in the market so far, the highest profit earned from good and old altcoins is from SOL this season. That's why I think it's better to choose two or three coins than to bet on one coin and wait so that if one coin doesn't go up, the other one will go up and you will get a good profit. Bitcoin is the top for future investment because Bitcoin is the most trustworthy, also projects like ETH, BNB, and SOL are good in my view.
It is good to consult and what is done safely has the least chance of loss. Read the comments of more people on your post, listen to those with a lot of experience, and then after listening to everyone, decide what you want. Do what seems best to you, but always keep one thing in mind, when we are in cryptocurrency we should be well aware of both the situation. We can gain and we can lose we should always be ready for both gain and loss. Only then we can become successful traders, otherwise, it is not possible.