Quote from: Gladitorcomeback on July 01, 2024, 06:40:47 PM

Investing in altcoins is like gambling only if you are investing with your eyes closed and without doing proper research about the project you have chosen. I know that the market is highly saturated and new projects have taken the market by storm, but if someone does proper research about all the newly launched altcoins and their projects, they can determine which ones have the highest potential to generate good profit.

Most people consider meme coins altcoins and invest in them, and when they lose money, they say investing in altcoins is like gambling, I mean, did you even know that meme coins are something completely different? Yes, they have the characteristics of an altcoin because they are created as them, but most of them don't have proper projects backing them up.

Memecoins are for fun at least what this website thinks it is. I agree with your point that without proper research investing in altcoins is like gambling but I also agree with the Z-tight as well. Because some projects are so good to be true that its difficult to differentiate if they will give us profit or not. I am not speaking out of my experience because I don't have much with alts or meme coins yet but till now I have read a lot about these two.

I have seen a lot of videos on Instagram where people are sharing there success stories of making millions from meme coins. I think meme coins are risky but they might be the last option for those who either want to gain it all or lose it all because I also read in this forum's gambling section that gambling also require research for example a person who have good knowledge about support have better chances to win gambling in sports or that's bet? Bet is also gambling or isn't.