I'm feeling the pressure not to miss out on this bull run. I'm confident in my portfolio of solid coins, but I don't think they're quite cutting it. I want my investments to bring in serious wealth. I've heard about meme coins making people rich overnight, but I'm a bit wary of jumping into that arena. By the way, do you think older coins will see the biggest price surges compared to newer ones? What are your thoughts on this?
The majority of the meme coins are just hyped. If you are willing to gamble on this, then go for it. After all, it looks like you are willing to lose the capital you will allocate to meme coins. Yes, it is true that there are people who are really getting rich from meme coins. The question is, do you have an idea to find a meme coin that has potential? If yes, good luck to you.
But with the title you made op, I still don't believe that we are in altcoins season. If within 90 days you see all altcoins are green in the market while Bitcoin is not, rather it is still in correction, you can tell if it is in it's altcoin season, but if the market for altcoins turns green in less than 3 months, the answer is not always. This is all I know.
You are right. Most altcoin hype is what happens to investors. Your allocated capital is a bad choice for choosing the risk level that is worth losing. With the number of people getting rich and believing their hype. Most of the memes green signal you to be optimistic which is more apprehensive of investing and embracing greater risk. May not happen but maximum caution that the selection process is perfect.