Quote from: Godday on June 10, 2023, 07:15:09 PM

I took a quote from www.Gambler.Casino In his post on New coin - PEPE

Quote from: www.Gambler.Casino on May 07, 2023, 02:36:52 PM

the coin is completely useless and for entertainment purposes only.

Memecoin is not your portfolio asset. This is my opinion and everyone has the right to speak. But try to think about what makes memecoin worthy of your investment asset?
I once said that memecoin was gambling and I still believe in that.
Memecoin is not a scam. They are just like a gamble where when you hit the jackpot, you can turn your $1 back into $5,000 in no time. But that's if you're really lucky.
Do all at your own risk.

Memecoin, as we all know, has no utility, therefore its market value would only depend to demand. On the other hand, demand is based on the majority so if you are eyeing for such coin then you should guess or wait until huge investors support the demand in order to create a price increase. In this industry in general, price movements are uncertain. So think of how big the risk is if you are into such token concept. Just check the first ones to be released in this maarket and you guys will already kniw the anwer whether it is a good or bad investment. Unless you would ride the trend, investing into it won't be profitable especially for long term holding.

There are maby tokens to choose from. Every coin will have its risk present from doing so. Your task as an investor is to minimize the risk of losing money therefore you have to select what would be best and not to just limit oneself to a single 'bucket'.