There are so many different types of coins nowadays, but I don't even know how I should choose anymore. Do you guys have any good advice?
Solana Network and those meme coins attached to this are quite popular and profitable this time but should be just for the short term, it is only this bullish time. It is quite risky really and should be taken wisely and also with deep research or else, that will also cause losses. If you want some assurance at least higher, choosing known altcoins like ETH and BNB is a good decision but that will matter in your holding capabilities because these projects won't make some hype like meme coins as they only grow slowly but for the long term.
If you are just a beginner, better choose old coins and avoid new projects.
I agree, it's clear that we are going to end up seeing them do a lot better, because old ones are old for a reason, they stood the test of time and nothing happened to them. I think that has to be some of the most important parts of this and I agree that it makes a good sense. However, if you do end up with something that causes trouble then I wouldn't know what to say about that, it may feel a little bit different.
If you invest into things like bitcoin, ethereum, bnb, litecoin and so forth then you are investing into something old and should do better. On the other hand, doge and xrp has been around for many years and I still dislike them, so just because a coin is old doesn't mean that it's good, at least for me because I look for a strong one.