Following the bullishness of the market, we’ve seen Bitcoin and altcoins moving uptrend without showing any signs of slowing down. Memecoins particularly have been gaining momentum, this made me put more attention on them.
Considering, lot of memecoins enter the market daily, i made some research on how i can filter out the potential ones and so far buying coins on ChainX has made me good returns. The cex has an ongoing New signup 150K usdt prize...anyone can participate..
The fact it gives degen traders access to the potential and high value coins early has been a game changer for me. what's your thought on entry strategy
It is completely foolish to think of getting rich quickly by investing in meme coin and gaining good profits from it. I do not want to get quick profits in such a way. Investing in meme coin can only be done as a hobby and can be done in very small amounts when other important and strong investments are fulfilled.
How can you advise someone to make quick profits by investing in meme coin? Looking at the quality of your post, it seems that you are new to crypto. And it is really funny that you are giving financial advice to users. Instead of gambling by investing in meme coin, invest in Bitcoin for the long term, this will keep your investment safe and you will get sure profit even after waiting for a long time.
Why would you be calling someone foolish because of his/her idea?
That's not good enough. He is talking about what is working for him. If investing in BTC works well for you, do it and share if you can help the community. The OP obviously is making it with memecoins and the style is doing well to him.
I understand that you are talking from risk angle. We bear risk more than one another. He may have a style of doing it which I expect you to ask first then see if it can work or not.
Everyone can say their opinion and strategy. It's left to you to do your own research if it will work for you.
I'm also a memecoins lover and I trade it a lot (Spot and Futures). Also, I trade BTC quite well. You need to know my strategy before you can upvote or downvote me. Some people are not in this trading stuff, but airdrops and they are okay with it. While some are into participating in events and earn from the prize pool, one of which the OP mentioned.
Do what works well for you.