People were going crazy about bitcoin surge, some people bought bitcoin around $60k out of curiosity and experiencing impermanent loss. but honestly most of the altcoins are doing better than bitcoin now.
For example take Cake Price. It's over $40 dollars today. It was around $2 dollar in February month of 2021. Cake price got up 1.7k percent on coinmarket in April 2021.
Let's take apeswap banana price. It was around $0.97, 5 days ago. Now it's around $7, with 205% up in thr last 24 hours. Even bakeswap price is got up by 121% in a few days. If you bought any of these coins. You would be financially sound in your life.
Pantience is the Key
You probably see most of the coins are so high on the coinmarket today. I suggest people not to buy when the price is so high. Wait, wait and wait till you get the best price to buy it. Never buy it at high price if you want to see short term returns. If you want to be a long holder then you don't need to wait much. All you need to do it look for a good coin and invest in it and chill. If you don't wait for the best price, then there is higher chance of getting short term loss.
Some people buy coins because it's going up and wait for more price surge, they go to sleep and when they wake up next they end up seeing the coin running in red area. Never buy coins at high price. I bought some freecoin token a few days ago when it was 80% up, I lost about $15 next day because too many people dumped it. I learnt my lesson. Not to buy any coin when it's surging high.
Knowledge is the key
Never follow crowd like a sheep since many people are buying it, you never when the coin would be dumped. For example if people are buying a shit alt coin, you probably end up buying it. They all dump it when it gets high price someday and you end up seeing the total volume of the coin becomes half. You experience loss and you indirectly helped others to gain some profits. So, never follow the crowd. Always have your own research and knowledge about the coin you investing first.
