The current situation of altcoins is indeed quite awkward, with the comparison of risks and potential returns roughly being:

Meme Coins > Altcoins > Bitcoin

If the goal is to earn a profit of 1M, the required capital investment is:

Bitcoin ≥ Altcoins > Meme Coins

Looking at the market situation from 2022 to now, the performance of the vast majority of altcoins is worse than that of Bitcoin.

The last bull market saw a massive influx of funds, while this time it feels more like a gradual inflow into the market.

During today's discussion with friends, it was mentioned that the author in "The Black Swan" referred to the "Barbell Strategy"; in fact, current altcoins are in that awkward position of neither high nor low.

Currently, most people's expectations for altcoins are pinned on the potential emergence of an "altcoin season." However, based on recent fluctuations, the ups and downs of altcoins are like an ECG; the current recommendation is: do not hold more than 30% of your total assets in altcoins, and consider allocating 5% of your funds to meme coins for some experimentation.