Hi everyone,
This is something I've been thinking about for a while now, I thought it wise to ask here to see what you all think afterall.
Anyone who truly understands what investing really is, would or will agree with me that investing in memecoin currently, most especially on the Solana and Base blockchain; have become a gambling on its own, I've tried both normal gambling, and gambling on memecoin on the Solana blockchain, and I can't really tell, which is more profitable.
What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.
So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..
Haven't tried gambling through memecoins yet, as many of the casinos I play with such as Stake doesn't offer such amenities to their users, but I would assume none of them are more profitable than the standard currency we always use when gambling. Cause imagine, it's no different from converting your cash into a different currency/denomination, all you're really doing is changing how your money looks and feels like but at the end of the day, you're still bound to spend it.
I would even argue that it's way more detrimental spending money using memecoins, cause they are just so dirt cheap you'd feel like you're spending less money than what you're actually losing, compared to using stablecoins like USDT where you're really seeing how much you're losing.
So yeah, fun idea to juggle with, not really good in practice I would say. Even if memecoin gambling's something that I would be able to do in the future, or at least in a different blockchain, I still might not play with it.