Quote from: WalkerIVIV on May 12, 2023, 11:15:16 PM

Quote from: tvplus006 on May 12, 2023, 08:56:35 PM

It is enough to look at the Pepe coin, which made so much noise, showing a record 88000% profit in just 2 weeks, to understand the risks of investing in a memecoin. Those who bought Pepe at high now have a very large loss, since the price of the coin has decreased 4 times in just one week.

after all it's always really bad idea investing when the meme coin is at its peak, some people might get fomo'd but i think they should understand that a coin didn't increase forever, when it rise more than 88000 it's obvious that everyone that wanna make entry is already too late.

It is obvious for us, but for the inexpert trader out there which somehow believes the markets can go up forever this is nowhere near as obvious, which is why they buy at the peak and then they are trapped holding a coin that most likely will never recover even a speck of its former glory.

The only thing that could save them at that point is if their investment in the meme coin of their choice was low, as they were expecting to still obtain huge profits with a minimal investment, however if they invested a great deal of their capital then most likely their careers as traders will be over before they even began.