Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.
1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.
2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.
3. Be realistic and don't join the FOMO since this could lead up losing your money.
4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.
5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.
I agree with you. When considering investing in meme coins or shitcoins we have to keep in mind that it's important to understand the underlying technology and purpose of the coin. Many of these coins are created as a joke or as a way to capitalize on current trends, which can make them highly volatile and risky investment. Consider the community behind the coin. Is there a strong and active community that supports the coin? Are there developers actively working on improving the technology? A strong community can help give a coin staying power and increase its value overtime. Be aware of the potential for scams and rug pulls. Many meme coins are created with the intention of quickly making money and then disappearing, leaving investors with worthless coins. It's important to remember that investing in any crypto currency comes with risk. It's important to do your own research and only invest what you can afford to lose.