Quote from: tygeade on Today at 12:03:12 PM

Quote from: notMeNahh on November 15, 2024, 11:44:32 AM

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

The idea that people are making this much money with memecoins is something that was introduced by influencers, not a reality. There are either a few that actually did it, and some who lied about it, which got famous. In reality, majority of people who joined the memecoin market actually ended up losing money.

Because most of the time these big names get in early, make it pump, others join later, the early investors cash out, crash it, and rest are losing money. So believe me, people are not really making money, not millions but not even thousands, most of them are actually losing money and we just have to accept that, there is no way around it, we just have to realize that we can't make this change anytime soon.

People always caught on easy rich schemes stories that's why many of time piled up with those scams. They late to realize that meme coins are just scam and there's really nothing to get there.

If they always follow those shillers then let their selves those wrong information feed up to them then they are usually common target of those scams. That's why they should always base their investment decision thru the research they have done so that there's no scams would fool them and they can also do due diligence before participating on something to avoid or lower down the chance that they get scam.