Post
Topic
Board Altcoin Discussion
Re: Memecoin hype getting higher
by
Alone055
on 14/04/2024, 21:00:46 UTC
everything currently depends on our wisdom in choosing assets to invest. not all memecoins will be like doge or shiba.

The fact that no wisdom or knowledge or experience can make one know which meme coins are going to perform makes investing in meme coins the worst idea despite the potential rewards attached. I understand that people who invest in meme coins are greedy and they do it only so that they can get huge returns on their investments, but they need to understand that they are not supposed to invest a lot of money in them regardless of all the fake promises and stuff they utter to lure them.

Meme coin investments are similar to gambling because in gambling you make a bet and you don't know what the outcome might be, you then wait for the result of the bet to see if you have won or lost the bet. Similarly, when you invest in an altcoin, you are making a bet on it, and then you wait for the results. If the coin manages to gain enough hype and investors, you will win the bet and get some returns, and if it doesn't manage to do that, you lose.