Post
Topic
Board Altcoin Discussion
Re: Investing in meme coins is worthy or not?
by
Kelvinid
on 18/01/2024, 13:18:04 UTC
snip~
I don't know whether investing in meme coins in the long term is a good thing, but before investing, make sure you use money that you are ready to lose, because the risk in investing in meme coins in the long term is very large. Even though many have benefited from it, that doesn't mean it's good.
I don't think that investing in meme coins is a good thing, but I also understand that the potential profits from meme coins are very large. I just suggest that if you want to invest in meme coins, use money that really doesn't affect your main finances.
Don't get confused because they are not meant for such a term, after the hype they are going to dump and die. In fact, for the number of meme coins created, only Dogecoin remains popular while the rest are (obviously) dead. If we think about buying them and holding them for many years, we are just looking for a miracle and hoping it grows. These meme coins have no use case, that was the thing we missed which is why it never stays long or will never encourage investors to hold instead, they dump them once earned some profit.

They are good at words and promises but these projects are far from showing it.