VERY BAD NEWS FOR ALTCOINS TODAY !!!!!

Current Market Situation

The speaker believes that holding alt coins will generate profits over the next six months, but notes that the current market has over 10 million alt coins, which can lead to dilution of investment.

Challenges with Alt Coins

• The vast number of alt coins (10 million) makes it difficult for individual coins to gain attention and grow in value.
• The speaker advises against investing in meme coins for long-term holds, suggesting they are highly risky and likely to lose value over time.
• Instead, recommends trading meme coins on a daily basis or shorting them.

Recommendations

• Focus on solid alt coins with working products and strong communities.
• Mentions two specific low-cap tokens: MEEE and Kasta, traded on Bybit and Weeks, due to their low market caps and potential for growth.

Bitcoin Dominance and Price

• Discusses the Bitcoin dominance chart, suggesting it's currently high and anticipating an "alt coin season" where alt coins will see significant growth.
• Believes the Bitcoin price is in a wedge pattern, with a potential breakout expected, but uncertain whether it will break up or down.

Personal Investment and Risk

• The speaker shares personal experiences of losing money in the crypto market, emphasizing that they put their money into the trades they recommend.
• Encourages subscribers to have a long-term perspective, as they have made more money than they've lost over time.

Conclusion

• Advises finding good alt coins, as individual coins may struggle to grow due to market saturation.
• Encourages watching upcoming videos for more insights into personally invested alt coins and to follow on social media platforms.