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.
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.
You have made a lot of sense in all you have written but this three points are where I want to contribute to, shit coin are increasing because scammers know investors are looking for quick ways to make profits and they won't be patience to wait on legit project to grow and give them profits that's why investors are looking for the quickest way to make profits through shitcoin.
Memecoins shoudn't be invested in for long term because they get pumped and dumped therefore after a pump in any meme coin that you have invested in, you should sell your coins and wait for the market to dump before you buy them again or move on from the investment as there's no certainty that the tokens will give you more profit because they can dump and not pump again.
It's okay to be optimistic about your investment but don't think that because people are saying a project is going to do well that It'll do just that, nobody knows which coin will do very well in the bull market. They're only guessing and their guess is just as good as yours. Investing in memecoin and getting profit is just luck, also secured your profits and wait for the market to correct.