Quote from: sokani on September 04, 2024, 11:23:52 AM

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.

This shows that having money alone cannot make you a good investor. Many people think that they can become successful if they have a lot of money to use but that isn't true. If someone can lose $1m in a meme coin then you can imagine how much money such a person can lose in useless coins and tokens.

So it's all about knowledge and experience. Some whales invest large amounts in meme coins as well but they know what they are doing and their investments aren't based on mere speculations and watching the market for an hour, they research before they make their decisions.

Quote from: libert19 on September 07, 2024, 08:03:12 AM

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.

It depends on the meme coin as well. Of course, if someone is investing such a large amount in a meme coin that appeared in the market just yesterday, they are going to get ripped off their money, but someone who does enough research and does the same in a meme coin that they know has been around for quite some time and isn't going to rugpull just because of their investment, they can get good profit from it.