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Topic
Board Beginners & Help
Re: Memecoins: Not all that glitters is gold
by
libert19
on 07/09/2024, 08:03:12 UTC
Few days ago, a memecoin investor invested a whooping $1,000,000 dollars in MBAPPE coin and within an hour, his investment was brought down to $9,200 dollars when the scammer removed liquidity causing the price to plummet. Now, this is just one of many sad stories of investing in memecoins.

We would not know if there were any hidden agendas behind this investment. Anyway, taking it to be true, investing 1M dollars into a memecoins is unwise decision.

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They are dangerous, not worth it and the risks outweigh the gains.

IMO that depends on investment amount, play with memecoins with little amounts and you'll be fine, some will shine and it'll make up for little losses occured.