Quote from: JayJuanGee on Today at 06:15:27 PM

Quote from: SamReomo on Today at 10:45:32 AM

Quote from: Lucius on Today at 10:35:11 AM

True, from $1 to $75 in an instant, and then down into the abyss. Although he can say that he is not the worst in this regard, because his wife's meme coin has so far lost as much as 96%+ of its value compared to ATH.

I guess it was under $1 when launched the whole market cap was below $500M and I missed it. However, within few hours it spiked so badly that reached $50 and $70 in value. The ones who invested early in it made some good profits in shortest time possible but the rest regretted. One of my friend invested in Trump coin when it was at $25 in hope that he'll get good returns in short term but I told him that meme coins doesn't work that way.

He regretted when the coin went below $12, but I told him to continue investing in it using DCA method, he followed the advice and continued his investing in the coin whenever it dipped. And, yesterday he sold the coin for $16 and somehow recovered his losses and made some profit not so much which he expected. He was happy by saying that at least I've recovered my money. Investing in meme coins isn't for everyone whether Trump coin or another newly launched meme coin on Solana blockchain.

I understand that a lot of people use the terms investing, trading and gambling in similar ways, yet I still find your use of the term "investing" to be an inaccurate description in regards to what is happening, and how folks gamble/trade with various shitcoins, and sure it is possible that in some cases, some of the guys may well be attempting to take a longer term position and to hold onto the coin with thoughts that it has some kind of fundamental value, rather than just attempting to play pumpamentals.

With either the Trump coin or the Melania coin, there were potentials that the coins related to more than just short term pumping, yet a lot of the times the ones who get screwed the most are the ones who are deceived into believing that there is any kind of a long term investment thesis, whether referring to Trump coin or any other shitcoin that merely talks about all the things that it is going to do in the future based on their team of experts and/or blah blah blah stated or implied backers.

Sure, I may well be merely arguing semantics since a lot of folks use the term "investing" to describe their attempts at short term profits - and yeah, there may even be some folks who might be willing to ride the shitcoin through its ups and downs, so they may well actually be thinking about their shitcoin as an investment.. whether referring to Trump coin or even a longer timer shitcoin such as ethereum that has taken years to play out, but still there have been a lot of longer term holders of that shitcoin ethereum who were thinking (or framing) their holding of value into ethereum as if it were a long term investment that just had not been panning out as well as they thought that it might play out.

Of course, buying shitcoins shouldn't be called investing because shitcoins becomes valueless overtime. It's only if you're lucky to sell within the short period of time that the price pump before dumpling. Long-term buying bitcoin and hodli is what I know as investing because bitcoin is safe to throw some value on since the odds of the price increasing overtime is higher.

One thing that I observed in Etherum is that, it's turning to be more of a shitcoin overtime. In the sense that, the price of Etherum depreciates little by little overtime. Way back when bitcoin price was $32 in 2023, Etherum price was around $2k+ but look at the price of Etherum now compared to bitcoin.

Don't surprise that if bitcoin price reaches a new ATH, Etherum will not make it to $4k which was the highest price of Etherum in this circle.