Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.
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
Points you have explained, are really appreciable. Investing in meme coin or shitcoin will make people disappointed most of the time. When hype spread everywhere, then coin already get overprice. So buying that coin with such price will be Dangerous and so most of the time people lost their money. But not all altcoins are shitcoins. The points you have mentioned, eligible for all altcoins! Like new potential coins also promise development, listing, partnership and better future. If you don't believe anyone, you’ll miss to buy those potential coin with presale price but i suggest, its better to investment only top potential coins rather then memes or so called shitcoins
Memecoins are memecoins
-They dont have actual utility
-Unknown devs
-Shady contracts
-Everything is made up by hype and false promises
-Going with the trend
When it comes to holding then it isnt really that ideal, you should really know on when to hit and run and make money out of this. Dont go for long term because usually these projects
do only last up as early as 1 day or few hours. There some initial pump and hype and then eventually die after. If you are aiming on entering as early as possible then you can
but of course there's no assurance that you wouldn't really be making yourself get caught on the peak.
thats true too much problems around investing in meme coin that sometimes I don't think its even worth it, heck even investing in most highest market capital meme coin are still giving some sense of
uneasiness due to the fact that these meme coin could lost their value within just a blink of an eye.
therefore investing in them would likely instead results in value, for some people that might be worth it considering the profit may outweigh the risk but then again that is only gonna happened in best scenario.
there's always chance that things might go wrong and instead the value plummeted so hard and cause massive loss.