Quote from: lixer on Today at 08:01:01 PM

Quote from: Issa56 on September 01, 2024, 09:37:22 PM

Quote from: betswift on August 27, 2024, 10:05:35 AM

Yep, experience gained from trying out memecoins is invaluable Grin

It's better, of course, to try them out only with funds you are willing to spend to understand their nature and the risks involved.

Most people know about the risk involved in investing in meme coins, but I don’t know why they still decide to invest in them, and some of them don’t really leave a little amount, which they know they can lose. They do invest almost everything they are having in meme coins, hoping to become so Rich. I don’t invest in meme coins, and I don’t encourage people to invest in it because the risk is just too high, and I don’t make that kind of investment.

I have seen someone in my neighborhood who invests everything he has in different meme coins, hoping maybe one or two will pump and will cover up for the ones that won’t perform well, but all the coins that he bought didn’t pump, just like most of those coins are dead, and the money left in his wallet isn’t worth anything.

The OP already said the reason on why they still proceed on investing in meme coins despite of its risk. You even said the reason on your second sentence. There are still people who have a genuine interest, I mean they might still be a newbie and they don't know yet about the risks that entails with the meme coins. Them having a positive mindset can make them say that I will increase my investment so that being rich once the crypto pumps up is going to be sure ball. I like to suggest you for not following them of investing in meme coins.

It is still possible for us to encourage or recommend a crypto that a person will invest even though we don't invest on it but indeed that crypto won't ever be a meme coin or similar low-quality and scam projects.

I realized that having a big capital in meme coin is really necessary. Not that we will use them all in one, two, or a few of them but there are lots of meme coins. It is like we are playing the lottery and we are betting a lot of number combinations only for us to have a better chances of winning. This must be the hardest part in investing in a memecoin. They don't have a use case or technology for us to base our decisions if which coin is a better candidate.

There would really be always those newbies that will really be that loving on dealing up with something as long it could make them money then they would really be trying out to involved with it without knowing
the risks involved not until they would be able to experience those shit conditions specially on losing money. Realizations would always come at the end and its really important that its not that bad to read up others
experiences and conditions in regarding into investing into meme coins and sees up whether its something that you could bare out when it comes to risks handling or not. Just like on what most people been pointing out that it is really that indeed just that similar to gambling when you do deal up with meme coins. This market is really that saturated and there are tons of meme coins that being launched day by day and you dont really know on which one would really be able to fly and which one would really be that able to kiss on the floor on which it is really that hard to determine on this case.

Just make it sure that on the moment that you do decide on dealing up with meme coins not just because you've seen someone becomes that profitable but rather it will be best that you should
really be considering out first the risks taking that you will be needing and having those realizations that it wont really be that easy on dealing up with these things due to high risk factor.
If you do really that value much your capital then better to stick with those established coins in the market whether on Bitcoin or with those top altcoins that we do have in the market
on which this could give out at least that less risks.