I recently shifted some focus from Bitcoin to altcoins. In the beginning, I chased hype and it didn’t go well. The times I did better were when I slowed down, read about the project, and made my own decision instead of following noise.
It feels like patience pays more than hype-chasing in this space.
It’s good that you didn't lose a considerable amount of money before realizing that hype is like quicksand; every action you take will get you deeper until you can’t get out, as you’ll have to recover your losses.
The market is so volatile that it can shift while you are sleeping or not aware of it. Therefore, having a deep knowledge of how the market moves and a deep understanding of projects or coins that will likely stay and create use cases for the community is crucial.
You cannot just follow whales and influencers; you need to protect your money. To do that, you have to learn how cryptocurrency works so you can navigate the right path.