You know, even I am very impressed with some people who get very high profits from trading memes coins. Of course, they are people who have been experts here, by utilizing the most important and appropriate moments to buy and sell the coins. But for common people or who are not used to it, don't be careless. Because we can just lose our money very easily. In the end, we will lose because of our ignorance and inability. This is more like gambling.
This is because those who were able to increase their deposit by investing $100 and getting a thousand, write about it regularly. But there are a lot more of those who bought a meme coin at high and sold it at the lowest price. So the risks associated with buying meme coins are very high.
When you do consider on buying out;
1.Memecoins
2.Low caps
3.Hype driven coins
Then expect that you are dealing something which is really risky rather than on sticking into those established or high-ranking coins in the market.
When you co consider out on buying then make sure that you are fully aware of the risk involved which is really high.
Make yourself learn on what you had experienced back in the past.
In reality, I would buy altcoins when I am fully sure that bitcoin will enter an upward trend, that is, when it rises from about $3'k to $150k, it is the ideal time that I would buy altcoins because I know that when bitcoin rises these currencies are going to value much more, some can jump 2x, 3x, why not 10x, and that would be something great, because once it reaches a maximum point, the ideal is to sell to be able to buy some bitcoin and continue doing Hodl, there is nothing richer than having bitcoin and the price shoots up much higher, that the thing does not have a fixed peak but continues to rise, is the ideal.