There are thousands of shitcoins and meme coins in the cryptocurrency world that are the most scams we have seen in the past. And most of the people investing in this meme coin lost a lot of half, those people are mainly newbies who don't understand anything about the market and don't have good experience. Those people invest in these shitcoins and face scams, and lose their money at some point. Most of these people are newbies who join crypto and choose to invest in a few that have pumped a lot in the past that will never happen again, those newbies lose their money. That's why a new user should never take such a decision, he must be well experienced before taking a decision to invest or risk and face scams. So a newbie must take good experienced advice before investing, and stay away from meme coins must invest in bitcoins only to be profitable.
Not just newbies but everyone must take extra caution when investing. Scam projects don't just point out meme coins because they are even known and old coins turn into scams, can't forget about Terra Luna? Meme coins like Dogecoin, Shiba Inu, and Pepe coin make another hyped history in the crypto market to gain attraction and meme coin investors. Although we can say that a lot of investors lost their money from these projects, we can't deny the fact that early investors become rich as well. Actually, whether it was meme coins or even in known coins in the market, we can still lose our money if we can't timing the market and much more if we are impatient.
