He said there is no luck involved but I think there is. So many things in this world involves a luck and this includes investing in cryptos such as the meme coins. Actually meme coin investing are mostly luck dependent because like I said earlier, they don't have a concept for us to have a proper judgment.
There are chart movements that we can look at but this one is also luck dependent. Manipulators won't make our lives easier. Apart from luck, skills or being wise can also help. Like for example, we know that low-cap coins are a risky kind of investment. I know majority of meme coins are low-cap but I think there are still meme coins which market cap is high and it's best to just go for them.
There are chart movements that we can look at but this one is also luck dependent. Manipulators won't make our lives easier. Apart from luck, skills or being wise can also help. Like for example, we know that low-cap coins are a risky kind of investment. I know majority of meme coins are low-cap but I think there are still meme coins which market cap is high and it's best to just go for them.
meme coin is more luck bound than ever as far as my understanding, most of the people that try to find the next gem always try to distribute their investment over many meme coins in order to increase their chance of luck to somehow invested into a meme coin that could gain impressive market cap of half billion just like how brett and billy has been doing lately.
also, technical analysis based on chart doesn't really work with meme since the entire price movement motivated by the hypes it often time defies the text book technical analysis and indicators.
Yeah, that would be better to go into the socials of the project and its collabs / etc. than doing tech stuff with charts, however, it's always good to check the contract of the coin
Luck can be said to be around any investment, good or bad, however, I do not think that it's bound more for this or that coin, alt, or meme, it doesn't matter. If you did go into it, does luck affect your investments or analysis afterward, which you did all by yourself (preferably)? I don't think so.