It's like gambling. Few people will hit the jackpot, while most people will lost money. Early investors can indeed grow their investments in 500x, 1000x, but the chance of that happening for real is too little, because you don't know which projects will work, so to be an early investor isn't enough, you also have to be lucky to pick the right project, which is much likely unpredictable beforehand.
The issue with this strategy when investing in crypto is that you are likely to waste too much time and too many small portions of money trying to hit the jackpot, which may never happen. Meanwhile, someone else investing in more traditional assets and solid cryptocurrencies may face a considerable financial return after some years, having a lot of patience and focus, although nothing so exorbitant like turning small investments into millions.
I believe to focus in effort instead of luck is a better approach. You can't control luck, but you can control your personal effort.
Unfortunately you are completely right. People think they are investing, but when they invest into these risky new stuff, they are just buying a lottery ticket and hoping that the lottery hits them. In reality, there is a very small chance they could win, and I mean like one in a few thousand chance, and they still do it because they believe in their future and they have confidence but they fail in the end.
I personally believe we need to stay away from these huge risks since none of them will make us any money. I agree we should focus on trying to make money the way we should be, trading and long term investment, saving more money aside and keep investing, so we can make some good profit and not deal with anything bad.
Meme coins investing is something that i could really be able to consider that it is really that a pure gambling and this is where people should really be realizing on the time that they will really be trying out to make investment with meme coins on which we know that it could potentially make you a millionaire but it would really be still needing up that extreme luck for you to be able to hit up some gem.
One of the main reasons on why meme coins investing is really that something which is really that make someone interested because of those probabilities that it do gives when making up some potential hundreds of thousands or even making a million specially if a meme coin will really be able to hit up thousand folds. We've seen these probabilities and thats what make them interested on dealing with it despite of the
high risks that it is re ally that involved into. For those who do have some extra funds to deal up with memes then its not a bad choice or try on doing it.
Just make it sure that you will really be putting up a bigger allocation into those established coins like Bitcoin and with some other top altcoin priority.
It will really be that more worth or really that good for long term holding.