Post
Topic
Board Trading Discussion
Re: My exorbitant lessons in last bull market
by
Sterbens
on 05/11/2022, 11:02:00 UTC
1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.

I'm definitely not saying that people should try it (because 99% of people shouldn't), but this strategy can work. You just seemed to have picked crappy meme coins. Can't blame you though, pretty hard to look for the next DOGE or SHIB in the huge black sea of memecoins.

Well I can relate to that during the meme coin hype. I have picked crappy meme coins to invest to see if I have positioned very well, but it’s not. As they’re designed not to last long, I was just waiting for the right time to sell at a profit.

But the problem is that I am fed up to greediness that I want more profit, but instead it goes the other way around and I’ve lost a lot of money. I think out of 10 crappy meme coins, only 2 of them that I have profited but not much to cover my losses.
Of course, there are many people who are tempted by the benefits that other people get. Though we do not necessarily get the same thing as people get. This is what has always been a lure, to be honest, I'm personally also tempted. Moreover, those who put it on their YouTube channel only show something that is profitable, but not with the losses they experience. It is things like these that we always see that fuel our greed to do the same with them.
It's true that this can't be blamed on anyone, because such a plot is something we come across quite often. We need to suppress it more in our own way, for example by suppressing our greed that arises because we see the benefits that other people get with their investment.