Quote from: |MINER| on July 22, 2023, 06:31:20 PM

Quote from: Jocuserious on July 16, 2023, 04:45:28 PM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

There was a time I also investment some good fund of mine and after the result of it that itself made me stay away or avoid it. So all think are happened for only risk so I think you already understand that's how much it risky. So currently I always suggest everyone to avoid it and not to invest in meme coin , it will save their fund. Even then anyone want a invest on meme coin and wanna be quick reach in short time you can lose your fund. I also don't say that meme coin always bring to face losses because many have earn a big amount of profit by it. And for this I will say that invest in it small amount like $10.

And what's wise about some of the developers of these meme coins who know that their token won't earn any value and is going to die, is they simply don't accept small investments and asks their investors to start from at least $50 as an initial investment when there is a token sale or something, they do this so that people don't buy with small amounts and they can get a lot of money since most people are crazy about meme coins after some of them got successful.

The reality is, you can't get rich through meme coins even if you are investing $10 in each one of them, you will simply lose your money in the long run because none of these meme coins are going to gain significant success through community hype and investments because it requires heavy promotions and advertisements.