Crypto is hard because people are distracted by the rare meme coin trader that made millions and think this is standard. If they see something like hairybuttcoin pumping, many people think "This is my chance ! ". It's like the casino mentality. Some people go to Las Vegas with the hopes of making millions.
I have only three coins: HIVE, DASH and BTC. I haven't made millions, but I'll probably make more than what I started with.
I cannot agree more lol. Memecoins are a huge distraction, and I agree that the pumps that comes with it makes it feel like the regular standard. People get burned everyday, and I think it's because we sell the wrong mentality when it comes to crypto: the mentality that just one single meme in one single moment can bring untold wealth
In 2021 I had only Hive, BTC and Ethereum, I don't think anyone should have too much, especially if they don't know the fundamentals of that project.