Quote from: fullhdpixel on Today at 06:51:15 AM

Quote from: LogitechMouse on May 03, 2023, 02:10:21 PM

After my experience with SAFEMOON, I will never, ever try investing into meme coins again.. or maybe I will with DOGE, if I got bumped, and unfortunately my head got hit.

Trading isn't a get-rich quick scheme. I hope that traders know that, and I think the ones who has this kind of thinking when it comes to trading are the new traders who they think that they can get rich in trading that easy. If only trading is that easy then all of us would've been rich by now. Now that we have futures trading, most of the traders especially the newbie ones are jumping, and trading on it not knowing the risks that they can face while trading on futures.

Well, it's good that the perpetrator got arrested with what he did. There are some people out there who did the same, or got even higher amounts of money, but didn't get arrested unfortunately. Overall, I hope this serves as a lesson for those newbie traders out there that don't touch meme coins because anytime soon, they will just diminish alongside with your money if you invested into it.

I think you should not do it with doge neither, there is no reason to invest into meme projects no matter how big they look. Doge may look like it did alright, but it did it and now it's ended. You should not be buying anything that will make you lose money like that, it is not a good idea and you should try to avoid it as much as you can.

A lot of people end up considering doge had a big increase so it may have it again, but when you look at the market cap and the ranking of it, there is no room for doge to grow anymore, not a lot at least, it can grow with the market obviously, and maybe even gain a place or two, but the risk outweights the reward by tenfold easily. That is the best meme project, and even that one sucks, so imagine about how terrible the others must be.

Always go for projects which does have actual utility on which you could somewhat be able to assure yourself that you are really that indeed dealing with something legit and not some meme or degen coins.

For DOGe then its a meme and this is where meme season had started on which there are lots of uprising meme coins who do gain value in a short time but still didnt last that long because the hype is over.This is something that we must avoid and if you dont like on having that riskier approach then it would be that just good if you do go into those projects which are really that worth risking.

Trading isnt a rich quick scheme or method on making yourself believe that it would be something that would pull you into your current financial status.
Its an opportunity though for you to make some bucks or profits but of course there would be things needed for you to learn first.