Quote from: LogitechMouse on October 30, 2023, 10:41:03 PM

I didn't read the whole post as it was about Meme coins again, and as usual, the chances of it to become a scam coin is at it's highest.

I guess investors must not invest into meme coins anymore especially to those new ones. I mean we've seen numerous meme projects that turned out to be a scam coin, and we will see more in the future if we continue to invest on it. I mean there's a chance that the person/people who invest into it might make their initial investment x100 or even higher by investing into them, but what are the chances of it to happen? Your chances of losing might be higher than that of getting profit.

As for the project itself, I didn't take much time reading the thread because for me, meme coins = scam coins.

In my point of view meme coins are just a trap of the whales. Whales accumulate a huge amount of the meme coin and this create a good hype in that meme coin. They just accumulate more and more amount and just make a mind of the people to invest in this shit coin because they think that this coin has a good hype and can go more up.
And when people start investing then whales starts selling. Whales sells people buy. When whales achieve a their target they make a big red candle. Which shows that people are fully trapped and whales get their profit and exit the market.