Re: Before investing on meme coin or shitcoins consider this.
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.
more precisely meme coin is more suitable for short term investment and less suitable for long term investment as it has no utility. 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.
but I think it's ok to invest $1 in a certain meme coin hoping in the future it will become like shiba or doge, and the previous $1 investment turns into $10K
Nothing wrong with throwing a couple of dollars into something like that, indeed. You just have to be prepared for the outcome, you may not get anything at all and even lose what you invested. That's why I don't understand how can people invest hundreds and thousands of dollars in something like that.