...If you want to invest on both, only invest 1-5 percent of your overall portfolio and nothing more, make sure as well that you did a proper research. You'll hear lot of different opinions but when trend hits the market, it is your only friend tbh, you don't have to listen on all, just pick one. You can make money on both but be wary that they carry huge risks, this is a very wild market you'll even get rekt in a matter of minutes.
Yep, only a small amount of the initial capital should be spent on these things, I have seen some people like the exaggeration of the profit story of joining these trends, but I wonder if those people have such a profit?
We all understand the risk story of these things, the hype in each trend driving the investment behavior of many people, because inexperience and comfortable capital make it easy for us to pour money into the wrong things useless things, only when we see failure do we realize that we were wrong from the beginning.
Well, if they are bragging about it they probably are or you can ask them directly and ask for proofs or something, you profit if you fomo when it's still low but if you fomo when it's at the peak, just a simple good luck then. The thing with people is that they try to follow lot of narratives, they don't know that they may profit on it if they are patient even on just one as long as you're sure on what you have picked.
It's a bias, yes, considering you wouldn't know what's the best one. DYOR on your investments ain't gonna get old, it's always the best way to maximize your profit. You research because you want to make validations and after that just be patient, that's the 80% on where the success kicks in. Getting failures is the right track towards success.
It doesn't need to be complicated because I am also someone who has built a strategy to buy memecoins or nft, in general the marketing of any project that I see is only practical when they have the pumps behind them, guys just exaggerating I have met quite a lot in space. People who like the idea of x1000 in the short term make me want to stay away, instead of having to lose 999 different times. Oriented from the ground up with the basics in the market to walk on one's own feet without expecting falsehoods with someone's intentions, I am truly grateful to those who have contributed and shared their insights. A positive thing and also grateful to those who have brought the ugly face into the space so that they can be understood and avoided when exposed.