Post
Topic
Board Altcoin Discussion
Re: Do not be pulled by the hype of meme coins
by
Doan9269
on 31/05/2023, 10:13:06 UTC
I totally agree with your opinion about meme coins, because as we already know, almost all meme coins are just temporary hype, many meme coins projects are rug pulled, this is due to excessive FOMO on investors
following FOMO on memecoin is a very bad thing, because if we buy memecoin at a price that has increased to 20% or even 100% more of course it will be a disaster for you,
because memecoin is very easy to pump and dump, imagine if you were stuck in memecoin I'm sure you will feel frustrated.
just avoid memecoin even though it's hype, but if you want to follow it then make sure you use capital that you think is a little.

The truth is that if you're to buy a memecoin, don't get in when the market is already hyped or pumped because any moment from then may leads to bear moves and it begins to come down as well thesame way it went up and if care is not taken that you also didn't sell to release them quickly, the coin may go completely down and never rises again especially during the time it large percentage investors withdraws their investment on it.