With cryptocurrencies pumping hard and altcoins doing great. What are you guys buying? Altcoins with utility or meme coins?
We are not in the altcoins season and not all of them are pumping well, only a few are doing that this time around together with bitcoin, if we are investing, then we should be careful, because the market may fall at anytime, also, we should know that altcoins and memecoins have more risk to invest on them, as we already know that not all of them do pump up the way they are being expected to do, as they has more risk than bitcoin.
Yeah, first bitcoin will peak, and while it is going up, of course some alts will go up with it, but not a lot, not in alt-season kind of way, go up with just bitcoin itself, and about same number. So, if bitcoin goes up 20% then alts will go up 20%.
All those 2x or 3x or even 10x in some cases, will not happen yet. We need to wait after the peak of bitcoin, where people realize bitcoin peaked, and take their profit, and use some of their profit to invest into whatever trendy new coin is, or maybe old one that got a new innovative thing. That's when alts will go up, and I would say neither utility nor memes will make any money too. We are going to see whatever new thing is, and that one will be the one that will go up after a while.