Quote from: kentrolla on Today at 05:42:13 PM

Quote from: Obim34 on Today at 07:02:39 AM

Quote from: wxa7115 on Today at 03:15:28 AM

Quote from: Obim34 on March 17, 2024, 08:29:07 AM

Quote from: wxa7115 on March 17, 2024, 03:12:44 AM

Meme coins are altcoins too and most altcoins are still a complete waste of money, now it is clear that with so many people being interested in them, that some success stories will appear, which will inspire other investors to follow on their footsteps.

But those profits do not come from nowhere, in order for those monster gains to appear, others have to suffer monster losses as well, and when you add that it is almost impossible to predict which meme coin will succeed, it is not surprising that a great deal of the community still has huge misgivings about investing in meme coins.

In every Altcoin market their must be some bad ones and the good ones all together, it would not matter as we often generalize Altcoins and Memecoins as being risky despite having the ones that are capable of giving good returns of profit. Some Memecoins is to be avoided but not totally avoided, their are few which is worth for we investing in them, I know some which deserves such, so we best take our time and dog watch which of the memecoins is suitable and profitable to invest in.

If that is your stance I can understand it, but I have the opposite view, the majority of meme coins are not worth your investment, and when I say the majority I am talking about 95% to 99% of all the meme coins that exist.

So when the percentage of meme coins that are not worth our money is so low, I am not going to use my limited time trying to find a needle in a haystack, to me it is better to look for projects with much higher chances of giving you a positive return, even if that means that return is smaller.

Let's not be too sentimal, you actually judging from a deductive aspect, memecoins are known to be hirely misleading but out of them all, few have been proven to be successful, many investors has gotten enough profits risking it in these memecoins and earned a lot more than they have in any Altcoin. It is advisable when dealing with memecoins, one should invest little, something we can do without even if the price drops to zero, it wouldn't affect our standards of living, we only need to apply caution when dealing with them and not totally avoiding them, it's a personal decision aswell.

I think this applies to me as well because I have been judging memecoins from deducting aspect only wherein the amount of people lost money in memecoin had overshadowed the profits and amount of people benefitted by memecoins. It's a fair point which you have mentioned as it's a very sensible advice to invest only what you can afford to lose without having impact on your standard of living because the problem arises only when we go all in and invest every last dime we have.

Then it's perfect you came across this thread, we learn everyday now you must have known judging from a deductive aspect is a wrong way to measure if to invest in memecoins or not. Basically memecoins wouldn't have the trademark of being scam like if individuals never choose taken advantage of the number of investors who are willing to invest massively due to the quick price pump, among all memecoins, we still have few worth to invest in.