I came across a post today by an influencer who expressed strong confidence in the potential of most coins he holds, projecting multi-billion dollar market caps over the next 12-18 months. While this might seem overly confident, it's understandable considering the current bullish momentum in the market.
However, his talk made me contemplate my own holdings and the level of confidence I have in their long-term potential. To provide some context, my major holdings are some of the top 100 tokens according to Coingecko- $Sol, $Matic, $Bgb, and $Doge. When it comes to my memecoin holdings, which I'd rather not mention to avoid spreading FUD, it's difficult to determine if they can maintain stability over such a long period. So on average, I would rate my confidence in all the crypto I hold at 6/10. In a way, I suppose I'm gambling on both short and long time frames.
I'd like to know your own situation too. For both short and long terms, how confident are you in the cryptos you hold right now?
I am confident of the continuation of this bullrun that's been happening for a while now, however because i am busy with by life and because of energy crisis, i didn't have steel nerves to invest more then i can afford, so i didn't invest anything. And while it's painful to watch moon rockets from the sidelines, i am constructing a solid plan, which makes it possible for me to save money enough to buy back in. I could dca for sure, but amounts would be just too tiny to be worth the hassle.
I wouldn't buy doge or bgb, mostly because i don't like exchange tokens, and i don't know anything about fundamentals of bgb, and doge into my eyes has none. But if i have learned anything from my time in this market, it's basically anyone's guess which is a good pick. Fundamentals are just a matter of perspective here and tribalism makes every choice seem like wrong one, number people disagreeing with you strongly will always be plenty.
But i wouldn't listen to any influencer that does technical analysis, or estimates about the marketap / price targets, or anyone that are shilling their own bags or who are shilling for money.
Following them for financial advices is a bad idea, even if they always say that they are not giving a financial advice (they definitely are), for legal reasons.
It's imho a good idea to watch influencers for tech reviews, news, rumors, interviews (even though those are totally paid ones), research and plain facts.