He will be sad again for seeing this pump if he already sold his bought coins which got dump with huge bear market calamity happened before.
Every investor has to learn the lesson, many times. I don't feel bad when I admit that I do this mistake many times.
This current big bit by alts this year is one big indicator that its good to hodl even if the market is dropping since in future if we can able to hold our patience a huge reward will came.
The altcoin market in 2017 and 2018 are hyped with ICOs and many scam projects end months later with serious loss, dead projects and no products for investors as their developers promised.
It is repeated again with DeFi in this year and more scam types with NFT hype.
I don't fully understand what you meant but if you're talking about investing in altcoins, one has to be very very careful. It's not new neither is it strange to anybody here that it is very easy to get carried away by the prospect of making so much money by investing in altcoins.
Altcoins are good in bull market because they can increase in times, not in percent. In bear market, bitcoin is the strongest and you should not invest in altcoins, hold altcoins in bear market.
I hope my friend can start again at this time, because I see that alt season is going to happen, where is it that the coins will increase sharply, it looks like BNB, Polkadot, Chailink might be a good alternative to buy and hold it until the end of this year. What do you think.
BNB is good but I don't see reasons to invest in Polkadot at its high price. That project need more time to become another BNB or Ethereum.
