Post
Topic
Board Altcoin Discussion
Re: How do you often trade memecoins?
by
Slow death
on 10/08/2025, 23:32:58 UTC
What about you guys? how often do you guys trade memecoins like these?

Definitely not in my case. I prefer to stay away from these meme coins. The level of manipulation is very high, so is the risk of losing money. For example, the creators put the coin on the market, everyone buys it, holds it, but when the day comes for the meme coin to be listed on a major exchange, the creator of the meme coin promotes it extensively to attract people to buy the coin.

In the first few minutes of listing, the coin rises sharply, and the token creators and all early buyers sell heavily. The token price drops sharply, so unlucky people buy it, and the price never recovers. This results in losses for those who bought on the major exchange. That's why I don't buy these meme coins. I prefer to buy Bitcoin and older altcoins like Litecoin.