I frequent twitter and I always see "Crypto Influencers" posting things like;
"What alt will make me rich this weekend", and "I have $10k what should I be buying, etc.
My question is are these types of tweets good for crypto in general?
Before investing you must divide your investment at any currency into three main:
Supply: when the coin team have more than 50% of total liquidity the currency are vulnerable to losing a lot of its value in a short period of time, so try to stay away from currencies in which there is no clear information about the distribution of supply in them.
Demand: Demand is the main driver of the price, sudden changes in demand and without being based on a real increase in demand means that the price is a bubble that will explode soon.
liquidity: a lot of currencies are high in price, but you will not find them on many exchanges the lack of liquidity will lead to the collapse of prices