Re: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now
Of course. The "meme" coins hype won't last forever. Eventually, major "meme" coins will disappear as people move on to the next big thing in crypto. The only "meme" coin that will survive is Dogecoin. Why forget about Bitcoin when it's the one cryptocurrency that started it all? You'll win more by holding BTC long term than holding worthless "meme" coins. They're highly-speculative and risky.
Just because Elon Musk endorsed Dogecoin, doesn't mean you should put all of your life savings into it. People truly don't understand how crypto works. Hopefully, the industry moves beyond speculative assets ("meme" coins, NFTs, etc) and focuses on utility. Who knows what the future will bring?
That is always the case, and yet people are not really smart about that or at least they do not have foresight at all. It is so obvious that memecoins will be gone eventually, maybe in a year, maybe in a decade, but they are not things to hold for long term and everyone should get rid of it one way or another. But they don't, people just don't do it and that's a very sad reality unfortunately.Just because Elon Musk endorsed Dogecoin, doesn't mean you should put all of your life savings into it. People truly don't understand how crypto works. Hopefully, the industry moves beyond speculative assets ("meme" coins, NFTs, etc) and focuses on utility. Who knows what the future will bring?
I think we should just consider this as a bad move, and because of that we need to make sure that we know what we are doing. Just don't invest into them and you are going to be doing a lot better, we can't just make it work some other way. If you do that, then you are going to end up with a great result eventually, just keep working hard for it.