Get ready for some pain

Just starting out in the crypto altcoin hunt? Feeling like you missed out on BNB, Cardano, POLYGON or ARWEAVE? Yeah, it’s true those who got in on these coins back in 2020 really cashed in during 2021. I remember how Cardano turned CryptoGodJohn into a big name. But now you’re thinking about jumping on that same train as a newbie? I’m not here to rain on your parade, just wanna give you a heads-up about what you might be facing. 1. Things have totally shifted. This isn’t the pre-Covid era anymore where there were only a handful of altcoins. Now? There are like 20 times more than back in 2020. 2. A lot of new projects are gonna let you down. Even the big players like HASHKEY Capital, HTX Ventures, Animoca Brands, and Sequoia Capital have lost a bunch of cash on projects that flopped. The difference is they’ve got deep pockets to keep trying. What about you? 3. I’m also on the lookout for the next big thing, and I’ve thrown hundreds at a few projects that just vanished. Trust me, I’ve been in this game long enough to know the odds, and I still hit walls. These projects raised tons of money with solid ideas, yet still turned out to be scams. 4. Just because a project has backing doesn’t mean it’s safe. Even projects with solid support and a known team can crash and burn. Investing in altcoins is like a gamble, and even the big institutions know that. It’s time for you to get that too. 5. Make sure you’re in a position to handle the risks that come with altcoins.

Bump

I'm pretty skeptical. This reads something like "alts are experiments that go wrong… also here are my current picks." If the core message is risk, show numbers! For the ones you named, can you post unlock calendar, net token sink/source, and current 1% depth? Otherwise it's just another cycle's story.

Everybody needs to be aware that Altcoins are a big risk. That goes for most investments though. You should only invest what you can afford to lose. Altcoins are much more risky than Bitcoin but we can see from current market movement that Bitcoin is also risky. My advice is to have a diversified portfolio, limit your exposure to one asset, spread your risk.

We're the same, I've spent not just hundreds but reached to thousands in finding the next big thing. I've got a good plan IMHO of making some huge money from hunting the next good alts and then if in profit, I'm about to reinvest it to bitcoin for more holdings. But that plan is a failure, it lost me a lot of money and that's why hunting for the next big thing is such a hard thing to do on this market. Some people are just lucky with what they buy and sell at a right time for profit. Do not buy because of that chase style, invest on which have a real build up of their projects.