The good coins only are the good ones to have but I know that everyone is having the idea that it's also good to have some bets and pick those low-capped coins that might rise in the next years.
Those that have seen pumping that much and it's what they're trying to do with some other altcoins that haven't pumped yet because it's like a lottery that could bring in thousands to millions of potential profit if a crazy pump does happen. It's going to be a common strategy for most when they've seen it happen to others.
If they choose an altcoin just because it's like a lottery and choose it randomly without research, they could fall into the trap of choosing the wrong altcoin.
It has happened before and many people have suffered huge losses because the altcoin they chose did not increase like other altcoins.
This is where we have to be really careful choosing the altcoin because it has a big risk if we choose the wrong one.
And if they are having a hard time choosing an altcoin, the only way it might be is to just pick a bitcoin and hold on to it until it goes up in price.
That would be better than being confused about choosing the altcoin in a bear market like now.
It's just like some choice and strategy of being hopeful that it will be good as is. It's okay for those who are doing it if they're careful or not because they will still have the time to look at it even if they are on the verge of losing.
For someone who's having a hard time choosing an altcoin, it's on them to feel the hardship but it's not that hard at all when you've got to pick the top ones and those that have the reputation already that are unlikely to rug pull.
Perhaps it was a suicidal move but we can't deny that many people make a huge profit from investing in hype projects.
Just imagine about 1000 times ( or more) the price increase from a shitcoin, that is really big money for the investors, and people have kept that motivation that one day they get such a thing. Though we know the risk of investing in these shitcoins, many people still aim for their luck in them. They keep buying altcoins and hope for a huge profit when Bullrun comes.
It's a hype and trend that we've seen that many have really made profit but also, we saw those that have been rekt and lost money due to it.