Quote from: Dewi Aries on November 19, 2021, 11:53:56 AM

Quote from: Sethrey on November 02, 2021, 11:27:27 AM

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff?

Easy money is very hard to catch.

There are many types of investor, who look on old but safer coin, and then the one who look for new coins which just launched and speculate with it. If the coin already reach peak, then people not sell it so it is their mistake. We made investment especially to a coin with only hype, must know when to get out and take profit.

Usually big investors will choose old coins that have good value and movement, and there are also those who rely on hype like Elon Musk did, but if the coin has reached its peak it must be released, so that the investment can generate maximum value, if you continue to rely on hype , we are afraid that we will experience a decline that results in huge losses, except for those who have sufficient capital to invest.