Quote from: bluebit25 on November 02, 2021, 11:06:50 PM

Quote from: cheezcarls on November 02, 2021, 09:50:36 PM

I'm already done investing with meme coins. I had 8 and only 1 of them that I made at least x3 profit. The rest are just either at a loss or rug pull. I know that others are happy with the gains of DOGE and SHIBA, but they're not good in the long run as they have no real fundamentals. Look at the latest rug pull of Squid Token. People fell for it because it was inspired from a popular Netflix series without doing their own research. Only luck ones had got out before the unexpected happens.

It is true, and we must know that the profit and risk from meme coin is huge.
I don't know too much about these coin memes but most of them when I look at them are shitcoins and are praised by the KOLs in a very funny way, they can only fool ignorant people. Fomo following the crowd with these is really a huge risk, we here believe in technology and this meme trend is really creating a lot of trash in this space.

I really don't know how reliable these meme coins are, for years in 2017 I saw Doge only as a meme, I did not see him as a cryptocurrency, I also came to see her as the main currency and queen of the Dump and Pump, which there are many specialists who only look for these coins.

Seeing that there is a lot of FOMO for this currency, it is uncertain for me to think what can happen? Elon Musk sponsors or sponsors Doge at one point and made him give the biggest pump of his life, but Shiba? If a very influential person enters, perhaps he can raise this currency, but I think that entering this currency is still a high risk for investment.