Quote from: CaVO32 on June 29, 2021, 10:27:13 PM

Quote from: peckenpaugh on June 29, 2021, 10:18:17 PM

Quote from: fetzner on June 29, 2021, 09:05:45 PM

Quote from: Bergthold on June 29, 2021, 08:36:26 PM

We are in the age of memetic investing. Some people put a lot of money into stocks or coins, not because they think the potential value of the asset is significantly different, but because it is popular on the Internet, and they think it is fun, cool, or just doing something.

Some things are obviously legal, some things are obviously nonsense, and there are some confusing long-tail things,"
said Sam Bankman-Fried, head of Alameda Research and the FTX cryptocurrency derivatives exchange.

But cryptocurrency has actually worked this way since the beginning. The memetic aspect of it has always been part of the attraction.

And if you are an investor, it is your own responsibility whether to invest on this type of project. You should know what you are getting into and you should not blame anyone if in case something goes awry with your investments. It is your gamble to invest on a very risky project. Most meme projects will be short-lived and it is the user's choice if he will venture into this kind of project.

A better strategy is to focus on investments that are likely to perform well in the long term.Overall, cryptocurrencies are still highly speculative, so no one knows how it will perform over time. However, if you do invest in cryptocurrency, make sure that the currency you choose has strong fundamentals and is more likely to stand the test of time.