Post
Topic
Board Altcoin Discussion
Re: Do not be pulled by the hype of meme coins
by
Dr.Bitcoin_Strange
on 23/05/2023, 19:44:28 UTC
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.

Talking about that, well, in 2019 through 2021, I really made a mess with some of those meme coins and their like, but it seems they are always playing tricks on someone because you can never predict the right token that can pump, and if any investor is buying them, it's never based on certainty. That's why they said altcoins are a means of gambling. I totally made that decision in 2021 through 2022 that altcoins are just a means of gambling. If you are buying any altcoins, always have it at the back of your mind that you are in for two things: either you will make profit if they luckily pump the token or you will face losses of your asset if the token dumps -99%, and it's very unlikely for any token that has fallen by -99% to easily recover, not as if it doesn't, but if they really do exist, it's only a very few tokens. Bitcoin had some very bad downtime in 2011, 2013 A (2013 B), 2017, 2020, and 2021, respectively, but it is still standing and waxing strong.