the more you invest in coins that have good popularity and potential, the more likely you are to become a future millionaire, but if you invest in meme coins, then don't expect to get much profit in the future, before you invest with altcoins, its best to do thorough research on the coins you will invest in,
If the investment is only about coins that already have potential and quality in the market, then there is no need to do a lot of research because it is clearly good and good for the future as long as investors are still very patient with the current market situation.
But when it comes to new coins or meme tokens, it's clear that you need to do in-depth or repeated research on them.
it is depend on your strategy and capacity , because if you are investing for short term then you must be aware of what will happen to your coins and must make a deep research for your target currency , but if you are for Long term then you have no problem at all buying Bitcoin or the ranking 10 coins?
those are the currencies that we can expect to go higher in long period of time.
I also do research each time , I don't want to be lazy because it is my money that will be lose if choosing the wrong one,.
Apart from bitcoin and ethereum, I think when investing in any top project we should do research before investing. Top ranking 10 coins that don't mean they won't be risk free, not every top 10 is good in the long run and always profitable. It is best to analyze when investing.
Cryptocurrency industry is growing very fast, many top coins will be replaced by new coins if they are too old and undeveloped. We are in the bearish, this is the time when the projects prove their bravery, if they can survive the bear season and continue to develop, it will be a great success later on and vice versa. Therefore, it is difficult to choose a coin during bear season to keep.
In a bear market situation like now, it is the right time to invest, because we can get cheap prices. But the problem is like you said it is not easy
to choose coins for investment in a bear market situation, especially after what happened with LUNA, we as investors must be more careful
in choosing coins for investment. There is no guarantee for now that investing in top coins will bring us profit, so besides Bitcoin and Ethereum
we really have to make sure that the project is worth buying. So don't be too influenced by other people's opinions when determining the coins
we will buy, we have to really do our own research and analysis, to make sure that we choose the right coins.