The only problem is how to pinpoint what altcoin will increase next. It's true that they might pour their profits into Altcoins like how it was years ago because this is how making profits is but it actually doesn't stay that way for a long time. Once Bitcoin plunged down next it sold those Altcoin to buy Bitcoin back.
But I don't think that's now. The FOMO is high in Bitcoin because of the upcoming ETF and then there's the halving. I mean, what is a year to us investors, it will be like waking up the next day and it's already a year. Time flies fast and while they can ride the boat at this price, many investors will use their purchasing power to make a profit when ETF is approved.
It's not bad to buy a little bit of those altcoins that you mentioned, just be sure that you are also ready when Bitcoin starts pumping.
But I don't think that's now. The FOMO is high in Bitcoin because of the upcoming ETF and then there's the halving. I mean, what is a year to us investors, it will be like waking up the next day and it's already a year. Time flies fast and while they can ride the boat at this price, many investors will use their purchasing power to make a profit when ETF is approved.
It's not bad to buy a little bit of those altcoins that you mentioned, just be sure that you are also ready when Bitcoin starts pumping.
That's the million dollar question. According to Solidus Rug Pull Report from 2022 there were already 350 new scam tokens released daily and amount was only growing so who knows how many there are today.
So when picking the token, i often thought that i should stay away from old small caps as they were most likely long died projects. And i should either invest to mid/high caps or low caps with ton of active development, enough funding left.
But especially old small caps that would have any future are rare to find and don't necessarily raise with the rest of the bull run. So i thought i should invest to new coins and tokens instead. Those often raise from nothing and get fomo for no real reason. But they do often get gains before collapsing. But solidus report confirms something most of us knew, that changes to find new rising star from all the scams are slim to none
when the old small caps don't die and turn into a scam, they are still going to gain investors when new investor of crypto sees the price increase. it's the nature of a bull run since the price of altcoins relies on BTC price, whenever BTC prices go high so are their prices which attracts investors looking for profit. for them, they are all rising stars.
the worse part is that they use BTC to buy those altcoins which means they sold their BTC for these altcoins.
