we can still believe in altcoins, yes even though the market is very volatile because Bitcoin of course altcoins still have a great chance to rise to 100x even 1000x,
it's just that we have to be smart in choosing or buying coins, don't buy memecoins and don't buy altcoins whose projects are dead , because of course it can make you lose
With the way things are now going tin the crypto industry it's now becoming even more difficult to spot a project that's not going to profit it's investors i.e a project that will eventually pull the rug once they have achieved what they initially planned to achieved which is to save a certain of money through their ICO and presales.
Bitcoin might not be looking to good for now but if you look carefully you'll see that so many people who have thoroughly analysed Bitcoin have started to invest millions if not billions if dollars in it.
I really dislike the fact that we still experience ragpulls in 2023! Cryptocurrency markets are all popular now and there can be many examples to lawsuits. Its strange that people still do ragpulls.
On the other hand, I believe OP is right, investment to altcoins is like seeking adventure now in 2023. Only way to make money through altcoins is quick buy/sell moves in my personal opinion. Although it depends on people. I just don't wanna risk going long in altcoins now.
Exactly, it won't be wise to go into long term with altcoin in this period.
Just find some altcoin that look promising but little and once you start realising some profit sell immediately because if you let greed take over you might end up losing your money.
At this point only Bitcoin is advisable for long term hodling.