Quote from: QueenVera on Today at 07:29:00 AM

Quote from: resonatingtopain on January 27, 2022, 03:28:25 PM

It is something that bugs me till today. Are they mostly newbies trying to find a path to enter cryptouniverse or experienced people who are just gambling to score a moonshot on luck?

Both, we have experienced users trying to get on the next Dogecoin or Shiba Inu while newbies hearing that memecoin have given so much profits are just trying thier luck to be a part on the nex, I made thousands from investing in memecoin. Nevertheless, people are still making money from this jokes and it will be continuing for sometime.

They have been influenced by other people who always keep saying that meme coins give fortune. They came up with the basis that many people had made a huge profit (likely being rich instantly) and that is the reason why they will try also. However, they didn't know the risk that they are facing now upon investing these coins, they are in higher chances to lose especially when they are holding long-term. I suggest that if they have them now, selling is the best thing to do than to wait for hopeless bounce of price.