All these are mostly the trait of newbies investors, because they react emotionally to every moves of the market, you will see Bitcoin drop by just 10% and all other alt and meme coin will be bleeding out, instead of them to just hold, they will now start selling in panic forgetting that the market rewards patience and those standing their grounds.
Another problem most of this investors normally has is that they mostly start their investment journey with alt and shit coin, and we all knows that they falls more than they rise, so when they experience the sudden collapse of their asset, they will start selling in panic.
Even in trading, the traders that loses the most are newbies traders, because they react emotionally to every steps the market makes, though their was a time I was also in that category when I was just starting up back in the days, but the experience I have gotten in this past years has thought me a lot about the market and how to react to it.
Many reasons why many fail First, meme coins, by their very nature, often do not have a clear underlying purpose and why meme coins are popular. Their success is highly dependent on community engagement and the sentiment surrounding them.
Therefore, the volatility and risk associated with meme coins can be much higher compared to more established cryptocurrencies. Secondly, the meme coin market is highly saturated, with many projects entering the space on a regular basis. This level of competition makes it difficult to identify meme coins that have real potential for long-term success and sustainability. That’s why pumps and dumps are a staple for them. Most losers outweigh winners.