Quote from: WatChe on Today at 05:53:31 PM

Quote from: adultcrypto on Today at 12:27:38 PM

I don't think you should be overly invested in memecoins as you know, they were not created to offer any real utility, just for fun. You should treat memecoins the same way you will treat gambling which is to invest only what you can afford to lose because with memecoins, you can lose all your money. If you develop this gambling mindset with memecoins, you will not feel much pain when everything fails and if you are lucky to invest in a memecoil that pumps, you will be happy you made the right choice. This is my approach with memecoins.

Take example of Trump coin that was launched in January this year, it went high for after two days of it's initial launch and since then it's only going down. Those who have invested during it's early days of launch are still struck badly in that meme coin. For meme coin, you must know when to exit because they are not like Bitcoin, they just go up for certain period of time and after that they went down only.

It's obvious we are saying the same thing, memecoin is not for HODL. I know of the Trump coin that was so hyped and it pumped massively just for few days before it went downhill. Just imagine someone investing massively on that. He would probably be crying by now with little to no hope of recovering his capital. When Trump is out of office, that will even be the end of that coin.