Quote from: Antotena on Today at 05:24:36 PM

Quote from: bSpend on May 18, 2024, 10:26:13 PM

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..

If you go to Coingecko and click on category tab, you will see difference ecosystem and every ecosystem you will found at least 1 meme coin and the blockchain they operate on is Solana chain, this is to tell you that Solana is the only best home of meme rugpulls, that's to say there is no a day without scammers running away with investors money and yet a lot of noobs keep falling for these same cheap scam in the name of searching for the next 100x tokens.

To answer your questions, the fact that I have never seen anyone come to say I'm among the people that make money from this coin that pump, that means majority are scams and anyone doing such gem tokens are only wasting their money, that's worse than even gambling because you know you are going to lose money yet you wasted your money for nothing. I will choose normal gambling twice from Monday to Sunday and ignore meme coins.

Well said bud, very well said, and I consider your input very valuable because not out of sentiment, but out of my own personal experiences.
First, let me say that all that you have said is absolutely correct, I have participated in trading degen meme coins, degen meme coins simply means absolutely new meme coins, that is, as soon as they devs add liquidity to the meme coins, we all rush to buy it, believing that will it pump, this does worked out good for some people, but unfortunately, it never worked for me, all that I bought either end up getting rugged while I am still waiting for a better price to sell it, or it end up dropping back to zero while also waiting for a good price.

If I share my Solana wallet address with you right now, you did see hundreds of meme coins I bought, and was unable to sell them because they've been rugged, or are completely valueless to the extent that the blockchain fees for selling those tokens is higher than the amount of money I will get from selling the token.

So, indeed, I also agree with you that it's more preferable to do normal gambling, than gambling on degen meme coins, why? Because gambling on degen meme coins is..
1. More expensive to do or engage in.
2. Lower chances of winning.
3. Though high reward, but I consider this way more risky than doing normal gambling.