investing in crypto always must be done after your own research . tokens such as you are talking about , has no future value as I see. there will be only a temporary pumps and dumps if a big crypto influencer or any big company mention about it such as Elon must or someone like that. investing in such tokens which has billions of supply and specially meme coins , would make you rune. so be careful in this case. invest your money for something valuable.
1. Hopium 2. Degen mode 3. unrealistic expectations 4. short term view
1. Hopium
propaganda online is huge. ridiculous price targets of a coin from fake influencers make them feel better about their investment. better not to listen to them and keep a own view of the market.
2.degen mode
don't buy a coin because someone else advised or made money. when i ask people about their investment in crypto most of them actually don't know any fundamentals of it. do the proper research or stick to the average results everyone is halving.
3. unrealistic expectations
Don't get manipulated by profits you see online. 100k profits on a trading account or a sport car. you will never achieve that with your $1000 account. understand that and be real with you.
4. short term view
the real wealth in crypto is made only by founders or holders , not by traders. even if you trade for rest of your life , you will never outperform the guy who bought bitcoin and Ethereum 5 years ago. analyze the data and don't be greedy. long term matters.
bro these days are very difficult days for crypto market because of FED is controlling everything again with their recent rate hikes. but bitcoin is keep the position around $20k . central bank will hike this rate furthermore and crypto people will have to suffer few more weeks i think. but next month is a bullish month for crypto and we can keep few hopes on October. don't expect the bull run starting in October. but I hope there will be a relief rally in October .
*investing in projects which was not understood well *investing large portion of money in to low cap coins and meme coins *keep low cap coins and tokens as a large portion of the portfolio * not to have a portfolio * falling love with coins and tokens * influenced by twitter crypto influencers who get paid to promote hype currencies
these are few of my experiences. comment your ideas. thank you. these information may help you.
yes I saw each people has different kind of ideas about Ethereum these days. all of these because of the merge i think. most of people expected a huge price movement of Ethereum as soon as merge completed. but there was not such pump to see. I think this correction will hold further for few weeks . Ethereum will go to $2100 for sure everyone know it. but I don't expect so soon.