Imagine if the investor had invested in Bitcoin, no matter how deep the chart gets it will surely bounce back and there's certainty that he'll get his money back as well as some profit, but in this case his investment is gone and gone forever. My advice to newbies is that you shouldn't be carried away by memecoins because of the price swings. They are dangerous, not worth it and the risks outweigh the gains.
There is a popular saying that any thing good takes time and it's worth waiting for. The bull is around the corner, invest in Bitcoin instead and HODL.
Investing in Bitcoin can be thought of as risk-free. We know Bitcoin is also risky but if you hold Bitcoin for long time then it will not be risky you will definitely profit. Memecoins are like a storm, investing in memecoins can expect high profits but is very risky.
Yes, it's best to stay away from meme coins. Investing in memecoin can lead to many losses. Many people have lost a lot of money by investing in meme coin, they have not been able to recover yet. But those who invested in Bitcoin and suffered losses definitely managed to recover. However, those willing to take risks can invest in meme coins. To stay risk free, invest in Bitcoin and hold for a long time.