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.
Bitcoin would be always the main trend setter on which means that if it would be having up some pump then expect that the entire market will be having in greens but just like on what you have said that not all will be ending up on having that kind of pump or increase into its price because we do know that each project will be that having its own demand too but in overall impression towards the market specially if Bitcoins price is that going up then there's that bullish sentiment entirely but just that been said or mentioned that not all projects or coins will be taking up on the same path. In regarding about into the question about on which one will be pumping then it will vary because it could neither be on meme coins or to those solid projects or coins out there on which pumps or increase will be that definitely vary into certain key factors and thats why its important that we do really know on how to take up those kind of opportunities on when to sell if ever you do able to make up some gains, not unless if you are trying out to hold for long term then there's no other thing you can do but to patiently wait on how this market would be that acting or ending up into. Just make it sure that you do able to find yourself having that kind of actions on which you would be needing up to secure profits once you do have that kind of opportunity. You would be needing up to consider because the main target or goal we do have on here is to make money and thats why taking up some viable and sensible actions will be that needing up to consider from time to time. In the question about meme coins or solid coins or projects on which one would pump then it will be definitely be varying. Meme coins could overtake those solid coins when it comes to multiplier but we do know on which one will be able to sustain if we do speak about long term approach.