Quote from: Johnyz on April 18, 2023, 09:23:42 PM

Quote from: abralzain17 on April 18, 2023, 07:31:24 PM

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

There’s a big risk dealing with the meme tokens, and I don’t suggest this if you are still not familiar with the market because anything can happen here, worst case scenario is to lose everything. Well, we have to be more careful when it comes to investing, memecoin is not safe at all and you have to remember as well that not all is worth to buy, most of them are just a scam token.

Even if you are familiar with the market of meme coins it does not really matter, meme coins move in ways that are completely random and a coin that is basically a clone from another can pump while the other coin dumps, this happens because when it comes to those coins all what matters is the hype behind them, and there is no way to know beforehand which of those coins will convince a lot of people to invest in it and which one will fail at this crucial step.