Friends, traditionally the weekend has been a good time for altcoins. Over the last 3 days, assets from almost all sectors of the market were flying out.
🔤 It started with the old so-called “dinosaurs” such as XLM, XRP and ADA. Then liquidity moved to L1 blockchains, DeFi and infrastructure projects. It ended yesterday with a sharp rise on GameFi projects.
It is too early to call it an alt-season: selective assets are flying out, and there are no particularly big Xs yet. The same “dinosaurs” that many have been writing off for years have shown the most, and against all odds, they've been causing FOMO for participants every cycle.
Speaking of FOMO and the title of this post.
🔖 If you think everyone got super rich over the weekend and you didn't even make 2 X to your deposit, you didn't. It's a distorted opinion that is based solely on the successful cases of others on Twitter.
— This already happened with memcoins: everyone rushed into it thinking that every second person catches “lifechange” after a day. And most of them actually only lost money.
Yes, there are obvious ideas on the market that you can and should make money from. There are also memes that allow you to make Xs in 24 hours. Now is the best time on the market for the last three years.
But it is not a reason to relax, to think that the market will give you an easy ride, to catch FOMO because of every missed deal and ignore risk management.