Quote from: lixer on July 29, 2024, 06:50:00 PM

Quote from: VicManton on July 22, 2024, 04:30:30 PM

If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Despite their share in the total cryptocurrency market cap, I am not a fan of meme coins at all. I like to do long-term and short-term trading with altcoins and Bitcoin. Bitcoin is the only long-term investment for me and for short-term trading, I like good alternatives. When it comes to coin choice, I never trust meme coins, so I don't like to put a single $ on meme coins, so I will suggest others try and find good tokens and coins here and there. It is better that you invest the money in some good altcoins or Bitcoin where you can expect sure profit.

If you still want to try meme coins or new tokens, then I suggest you invest very little money in them so that you won't regret if you lose your money because, in such tokens or coins, you are not given any surety of benefit. I am not saying that meme coins are not pumped. There are many good projects in the market which have benefited people. As for sustenance, I think Bitcoin and some altcoins are much better.

Each person or simply into those traders or investors does have that different level when it comes to tolerance on things on which it would really be just that normal that they would really be having that kind of action whenever they do see something which isnt really that in line with their interest or preference. If they cant be able to tolerate out the risks involved on meme coins then just let them be and it would really be better that they shouldnt really be that making themselves trying to force on dealing up with somethin on which we do know that they cant be able to bare up with the risks.Trading up neither meme coins or with those blue chip coins then it would really be that just depending on you. We do have our own choices and preference on which one we would really be sticking into.

The most important thing on here is that you do able to handle up yourself well into this volatile and unpredictable space without making yourself that being geting panicked whenever the price moves into the opposite direction on where you are really that predicting. If you do find yourself that profitable on the current trading that you are doing then just simply proceed on and continue.
It doesnt matter whether you are trading with those good utility coins or meme coins, it would be always prefer on something that makes you money.