Quote from: hitsnorth on Today at 09:20:44 AM

Quote from: Publictalk792 on Today at 06:03:31 AM

There are many shitcoins which have performed well and gain 100x significantly. Like we have and example of Shiba Inu. But this is really hard to find these kind of coins. So we should be careful while investing. If you want to make profit so I will recommend to diversify your investment in many coins.
And if you find a memecoin which you think that it can perform well in future so you should invest that money which will you lose so this will not affect to your personal life. So always do a good research and then invest in any coin.

Research doesn't always help with memecoins. Most of them are just pumping because of good promotion or random luck and hype.

That's true. Investments in meme coins aren't less than gambling because you know that you are buying a coin that isn't backed by a proper project, it doesn't have much to offer to the community because it doesn't serve any purpose, and the only way you can get some profit if the coin manages to get enough attention and hype within the market and in case that doesn't happen, the few million coins that you've bought will just sit idle in your portfolio.

So, those who invest in meme coins already know the risk, and if some don't know, the research can only educate them about the risks involved with the investment and then if they are okay with it, they will go for it or simply change their decision and invest the money in another altcoin instead.