Post
Topic
Board Trading Discussion
Re: The Meme Sniping Trend on Raydium and Solana: Let’s Discuss!
by
Alone055
on 15/03/2024, 18:43:09 UTC
  • Have you participated in meme sniping on Raydium or Solana?
  • How do you manage risk while sniping meme tokens?
  • Is this trend short-term speculation, or do you see long-term potential?

1. No, I'm not a fan of meme coins in general and I don't have extra cash that I can throw at their developers to sip pina colada with while enjoying the breeze on a beach in some corner of the world.

2. I don't take such risks and I believe one should only take calculated risks when making investments in cryptocurrencies a calculated risk is when you invest in a cryptocurrency that you know has the potential to perform and you are not gambling with your funds on a token with no utility at all.

3. Meme coins are not for the long-term, and it's a fact. So even if the name "meme coin" stays around for long, the same meme coins would barely be around for very long, in my opinion.