Quote from: DiMarxist on June 15, 2024, 08:19:17 PM

Quote from: Jocuserious on July 16, 2023, 04:45:28 PM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

Memecoins are currently flooding the market with hard hit and as you asked and I will say it is risky because scammers will also use this opportunity to launch fake airdrops to scam people. My country government warned all the citizens to avoid investing on the Davido memecoins because it is a scam project. Right now celebrities have join the scamming game of launching fake airdrops.
Though I am not saying that people should not invest but if you must invest, invest wisely and don't invest and enter the wrong memecoins to be scammed.

Invest wisely that's the right term on it, better to weight your chance and the risk as there are many meme projects that being offered, if you understand the risk and you know how to handle the pressure then you can take that path and try your luck, but if you are not willing to lose and you are not that calm when situation turned against you, it's best to choose good project and patiently wait for your chance to earn decent money, forget about memes if you are not capable on losing your investment.