I buy one coin early this year, with just small money of around $5, which was because I felt like buying some few coins with my little holdings, amongst these coins I bought, meme coins where of higher prices thinking it will yield out something better in a short period (as sometimes it does). Sincerely, I forgot to check on my holds, and after two months, I went to check my assets, I found out that my total of $25 worth of assets has yielded profit beyond what I expected. The $5 investment turned my portfolio to approach a whooping $50, of which the memecoins where not yielding anything (but facing decline in price).
Have you ever felt so unhappy (though happy) seeing your little investment yielding out good profit and kinda regretting not having used a bigger capital at the very start?
Not only should you start investing with a large capital, but also according to your financial capacity. Whenever you have enough money to cover all your expenses for a month, after having urgent expenses, you should have some cash on hand for safe investment. In such a situation, you should not sit idle and invest, but before investing your hard-earned money, you should definitely keep in mind where you are investing.
Many times, we invest based on rumors without understanding, which later puts us at risk, especially in main coins. Meme coins mainly increase due to rumors and hype on social media. There is no real project or technology behind meme coins, their price suddenly increases and then suddenly decreases. So, you should invest only what you can tolerate losing. However, you have shown wisdom by investing with a small capital and have been able to understand the reality.
You have been able to understand the difference between the two coins, which is much more powerful than learning on paper or by looking at a computer screen.