What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.
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.
No matter how many times it is repeated, no matter how many people give the same advice to everyone, people will still keep investing in meme coins once they hear about them and that is because of greed. Who doesn't like to get rich overnight? But people don't understand that it doesn't happen to everyone but only to a few lucky people, and it is a gamble and not worth the investments made.
Generally, someone should learn from the mistakes of others if they can clearly see them, but meme coin investors don't follow that, they only learn when it happens to them and some even don't learn even after facing losses, they would still buy a new meme coin that comes up.