Post
Topic
Board Trading Discussion
Re: The Meme Sniping Trend on Raydium and Solana: Let’s Discuss!
by
Lakai01
on 19/03/2024, 18:57:03 UTC
[...]
When investing, it's indeed that we need to face less risk as much as possible so aside from choosing an established meme coin and hodling them for a long time, we also need to invest only small amounts. It does not mean that we can not earn big anymore upon doing this but of course we still can, also if luck permits other than our efforts and hardworks.
I think the idea of calling memecoins an investment is very dangerous. I believe that an investment must have a solid basis for why I expect it to increase in value. This is the case with real estate, shares and crypto.

Memecoins live from hype, no more, no less. If you then look at the inflation rate of Doge, for example, every "investor" must know that this is not an asset for a long-term portfolio. However, if you compare Doge or Shiba with projects such as Cardano or Avalanche, you see that there are real companies with real employees and real revenues behind them. So I would definitely describe the purchase of AVAX as an investment in the future, but the purchase of Doge as pure gambling.