$ME You find opportunities where people are yelling prophecies about failing. What are the motivations of people who demand you to sell and spread negativity? Mostly their own insecurities and fear of seeing others' success. Fear of remorse about abandoning ship.
I saw this exact same pattern in the first days with $USUAL . People sold after the first couple of dips and declared the project to be doomed. They wanted to see it fall to the ground. Because they didn't want to see the boat leaving without them. They needed acceptance for their decision.
Cognitive dissonance.
Remember this:
If nobody cares, nobody cares. If people hate or love, they care. No matter whether love or hate is winning.
4 steps of prospecting investing opportunities to future millionaires:
1. Basic DYOR
How much is the total supply of tokens? Are >50% of them circulating on a market already like in $BTC ? Does the asset have liquidity and volume behind?
2. Functionality and purpose
What purpose this asset is serving? Does it have some other functionality than just being memecoin? Does it have some kind of clear strategy for future?
3. Make a strategy and stick to it
Feelings get mixed once you buy. Don't panic if you see red. The loss is not loss until you sell. Don't buy mania and don't sell your self to apathy.
4. Learn and learn
Hype pumps don't teach you much. Take responsibility from you moves. Both profits and losses. After time you have valid strategy and you have better chance to become profitable
Currently I have big bet for cryptos that have some kind of functionality in AI (Artificial Intelligence). Find assets that serve purpose in future and have potential to be useful.
Two cryptos I believe that can generate huge potential growth (still risky): $HashAI & $DSync (Destra Network).