Post
Topic
Board Altcoin Discussion
Re: Before investing on meme coin or shitcoins consider this.
by
TheUltraElite
on 19/06/2023, 14:15:15 UTC
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.
A couple of dollars and what? like 6x times, make it twelve dollars. You would be happy with that? Truly not, you would be looking to turn 1000$ to 6000$ and thus you should not raise the topic of a "couple" of dollars more like a couple of grands. Roll Eyes

This ends up being a gamble if you weigh in the risks of altcoin trading and their past behavior in the market not being up to the mark or showing severe volatility. The bitcoin bet is a safer one but I guess the nature of traders is to take risks and they therefore do not go with the long term safer asset.

You could go around throwing a few dollars at every coin out there, but the net result will be that the exchange fees will eat up your profits. Tongue