Post
Topic
Board Altcoin Discussion
Re: Before investing on meme coin or shitcoins consider this.
by
lienfaye
on 13/06/2023, 00:48:39 UTC
investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.
fair point i think only invest in meme coin when we can be sure we are among the earliest, moreover we also need to make some
observation and analysation in regard of the meme coin we gonna invested in, after all only very few meme coin gonna succeed.
Some investors prefer to take risk investing on meme coins rather than the established one because of big profit in a short period if you're one of the early investors before the price increase. However, since many meme coins are existing it's also hard to spot the one that has potential to skyrocket. That's why investing in meme coins are not always profitable and more risky, you can earn huge but you can lose your money as well.

Thus, choose the project with real use case rather than a coins without utility. Do an extensive research and don't rely with suggestions because some of them are just shilling a coin since they invested on it and just want to hype for their own benefit.