Quote from: electronicash on January 25, 2024, 04:53:54 PM

Quote from: BRINIRHA on January 25, 2024, 04:27:36 PM

Quote from: R1dwanRz on January 25, 2024, 09:56:02 AM

You guys can also give me suggestions on memecoins, like what key factors should I consider before investing in it?

Even though it's only a small amount, I always don't want to miss out on the fun of crypto that is Meme Coin. It's just that I don't dare hold Meme Coin which is not listed on a major exchange. Even though it is true that buying a Meme Coin that has not been listed on many exchanges can provide the potential for a higher increase when the Meme Coin is successfully listed on many Cexes, it is still too risky for me. I don't really like taking much higher risks.

So I just choose and own several Meme Coins that are already on Binance. Like Pepe, Shiba and Doge. Apart from that, I didn't dare put my money in. Except only when there is hype. But it's only for the short term and I will immediately leave when I feel like I've had enough of the profits I've earned. Because being too greedy can sometimes only make us lose the profits we have obtained.

you'll only have luck with a small amount when the memecoin isn't yet popular and then in the later weeks it becomes popular and suddenly on major CEX. so if you have small amount in those 3 memecoins you mentioned then your profit will also be small. BONK would have been the best when it wasn't well-known yet.

if you couldn't find any memecoin that is pretty much new yet but has a big community then you best just stick to the old BTC. you can never go wrong with BTC.

I agree about that. I also prefer not to enter any altcoin if I haven't found a compelling reason to enter an altcoin. Because when I choose to enter altcoins I always prioritize fundamental analysis about the altcoins that I am targeting. If you don't find a strong reason or potential hype. So I'd rather not enter it. Likewise in Memecoin. I'm not going to jump in just because the memecoin just launched. But I will only enter when I see the potential in memecoin itself. It can be seen from the organic development of the community and from the way the project promotes among the crypto community. And we also have to see whether the memecoin has big investors behind it. If not then I would rather leave memecoins that don't have a big support behind them. Because to create big hype requires large capital and also contributions from big traders and big investors in the market. Without that, it is difficult for a memecoin project to become hype. And it can even end with the project stopping and no longer continuing.

Investing in BTC is certainly the best. But some of us definitely also have special funds for speculating in high-risk altcoins. Of course, the capital used is capital that is ready if there is no profit.