Quote from: Bd officer on May 14, 2025, 05:50:43 AM

Quote from: lifeisnoteazy on May 09, 2025, 10:31:48 AM

I remember few years ago when one of my friends introduced me to crypto few years ago, do you know this guy introduced me to trade some meme haha. i was so happy then when i was able to turn my $50 to 120$ in 20 minutes. i was so interested in learning more about how i'm going to continue haha.

Whenever I remember it amuses me because i am more invested in crypto now than he is because he ventured into another industry and went on about his Irl bussiness.

Well, thank God for that day, if not i wouldn’t have been interested in crypto not to talk of investing in it. I’ve heard different stories about this, what’s yours ?

You were very lucky to have made a lot of profit from Memecoin in a short period of time. However trading is very risky, it will be more risky if you invest or trade in Memecoin. Memecoin is like gambling, high profits can be expected here but again the risk is high. There are many people who have lost a lot of money by investing or trading in Memecoin. So you should be careful and don't trade with more money than you can afford to lose. Bitcoin is the most trusted currency among cryptocurrencies, so it is wise to invest in Bitcoin with a long-term plan.

Now I use Kucoin. I've lost a lot of money investing in Memecoin in the past, so I don't currently like Memecoin.

What you said is true, we will not find anything without risk in the field of crypto trading, in fact, everything has risk, so let us as traders accept to be risk takers because these are the requirements, because if we cannot accept this, I would advise you not to continue being crypto traders in this industry.

Now if you are going to trade meme coins, I think it is fine to trade them on top exchanges as long as you only conduct activity at the spot level in terms of trading,
not in futures trade.