Everyone keeps saying stuff like "coins are on sale right now", "look at the price, it's a bargain", etc..

But every single one of these coins was at least valued 5x lower just a few week ago. There is a correction now, but most of these coins are still ridiculously overvalued in my opinion.

Thoughts?

Instead of buying into these coins I feel it would be smarter to look for promising project that still have a low market cap instead.