Post
Topic
Board Altcoin Discussion
Re: How can I understand meme coin good or bad position?
by
wxa7115
on 24/07/2023, 04:40:37 UTC
The short answer is no, you can't easily identify a coin with a few things. I wanna suggest reading the related forum threads to find out how to filter useless altcoins and avoid investing in such coins without future potential. That mentioned exchange is also not a good choice, so better try popular crypto exchanges if you hunt for gem altcoins, IMO.
The funny thing is that once you learn a little bit about this market and then you begin to implement that knowledge then suddenly you will realize all meme coins get discarded as potential investments relatively quickly.

Now this may confuse people like the OP which is specifically looking for meme coins to invest, but in fact this should show them how mistaken their previous views were, and how if they had remained that ignorant sooner or later a catastrophic loss of capital would have happened to them.