Quote from: jostorres on Today at 05:55:42 PM

Quote from: kapalmabur on June 24, 2023, 06:50:04 PM

Investing in memecoin is not always profitable because investing in memecoin is like gambling, so you can only sit back and wait for the results.
because the risk is high, of course the results you get can also be high, that's why memecoin is called a place to gamble for investors.
but if you want to invest in a memecoin project, of course you have to really analyze it and make sure the project from memecoin has a product,
but only 5% maybe that does have the product.

There is no point in analyzing a meme coin since they don't have any utility at all, if you analyze a meme coin, you will simply be wasting your time because it might have big paragraphs trying to explain their project but at the end of the day, all that is nothing more than bullshit as that is just an attempt from them to make their investors gain some confidence in the project, but in reality, the project doesn't really have any product or utility.

The people who get profit from meme coins are the ones who get in very quickly before even the hype is high because once the hype is here, you will most likely lose your money if you invest it during the FOMO period since that is when most investors will exit who has gained profit already.

When you do try to hover yourself on dexview or poocoin which this is the earliest times on which a certain coin do hit up their initial price then most of them are just that totally no website, no utility,
shit random names and unknown devs on which you would really be needing to have that gambler act like mind on the time that you would be considering on throwing up some bucks into these places on which you cant really be sure whether these things would be pumping or not. We did really have recently that meme coin season on which the current trend was with those cartoon characters
on which lots of names had been created.

You would really boggle up your mind on how these coins do make out those pumps without having those qualities of a certain good legit project.
Everything would really be according or under with hype which it isnt shocking on this space.