Quote from: arwin100 on July 11, 2025, 08:03:25 AM

Quote from: Barikui1 on July 11, 2025, 07:41:48 AM

Quote from: alani123 on July 10, 2025, 11:57:57 PM

The memecoin boom was also big in 2021. Millions were lost on these schemes and some became very rich doing it.

Prior to this we had seen similar patterns. ICOS in 2017 and the shitcoin boom in 2013 and onwards with altcoins.

Less than 2% of these survive. Historically it's been exactly the same with no exceptions. But with memecoin it lasted longer due to the extended bull market. Wait till the next best market and you'll see it dies out.

One terrible mistake most Investors make with meme coin or shit coin as we usually calls it is that they sees it as an investment, which is wrong, meme coin are meant for gambling purpose, so if you wish to gamble with it, it is best to use an amount you can afford to lose so that if things doesn't goes as planned, you wouldn't be that bothered by the losses.
Till today meme are still making people millionaires, and it's also wrecking investors financially, so it's an asset that should be treated as gambling, not a real asset like Bitcoin.
Finally, risking your hard earned money on meme coin is not a bad idea entirely, as long as it's a calculated risk with an amount you can afford to lose.

Always the devs of those meme coins became instant millionaires, but the investor? some of them made a good fortune and unfortunately many of them especially doesn't have any idea how meme coin works then just try to invest on this because they are driven by their greed lose their money.

That's why I'm always not favor on this type of investment since people would provably experience losses than being lucky on the meme coin they choose to invest. Maybe there are some few people became rich but the statistics of people lose their money on the scene is so high. If they still want to invest and take the risk better use the money they can afford to lose this is the only most generic advice we can give to those new investor who's willing to explore the scene.

Your statement about converting Monero to Bitcoin (BTC) and the potential for 100% profit right now really caught my attention. If profit generation is your top priority and you're confident in BTC's momentum, this is certainly a valid decision. However, every investor has unique goals, right? Are yours purely for short-term speculation, or do you have a broader vision for your crypto portfolio? This question is crucial because it will determine whether you should immediately secure these profits or consider Monero as a strategic part of your long-term plans.