One thing about meme coins and bitcoin is that they don't hinder eachother. Bitcoin has been existing for long and has built the reputation it has today. Investing in bitcoin does not also stop someone from having a meme coin.
It all depends on your understanding. Most meme coin don't have long term value but pays off when it's still new. Knowing when to invest in meme coin is also a good knowledge but only Bitcoin is worthy of investment.
Bitcoin is still a better option than meme coin so don't be carried away by it's immediate value since it can ruin your life in a twinkle of an eye.
Topic: Focus more on accumulating Bitcoin rather than memecoins (Read 64 times)
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If you are looking to hold a long term investment, buy bitcoin but if you have a concrete knowledge about crypto and you want to go into a short term investment, you can do research on altcoins that have possibility to pump within a short period. If you are not too knowledgeable about crypto and you start by investing into altcoins, you could lose your money, so it's better you start with bitcoin.
If you also have someone that has a quality knowledge about crypto and guiding you through, then you can invest based in their instruction.
If you also have someone that has a quality knowledge about crypto and guiding you through, then you can invest based in their instruction.
You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.
Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Equivocally, we can say in all total percentage of someone income we should only spare little amount from their income, like allocating a only what we can afford to risk such as you have mentioned but through what we have it can be split among the market for investments, trading and gambling.Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Only what we can afford to lose is advisable, because you never can tell how the market could play out to be. A total percentage of 500$ monthly income, $100-$150 can be used for investments or trading and 10-30$ can also be used for gambling from the $150, with this you can control your risk level although, this amount is also high depends on our risk tolerance.
Investors that choose to priotise memecoins should thread with caution and invest on what they can afford to lose, for instance, investing 5% out of 100% of one's income on memecoins is sensible and the investor has to monitor the coins at all times to know when to take profits. However if i were to invest on Memecoins I'll priotise coins like Doge, Pepe or Trumpcoin that currently trending in the market.
You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.
Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Equivocally, we can say in all total percentage of someone income we should only spare little amount from their income, like allocating a only what we can afford to risk such as you have mentioned but through what we have it can be split among the market for investments, trading and gambling.Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Only what we can afford to lose is advisable, because you never can tell how the market could play out to be. A total percentage of 500$ monthly income, $100-$150 can be used for investments or trading and 10-30$ can also be used for gambling from the $150, with this you can control your risk level although, this amount is also high depends on our risk tolerance.
Investors that choose to priotise memecoins should thread with caution and invest on what they can afford to lose, for instance, investing 5% out of 100% of one's income on memecoins is sensible and the investor has to monitor the coins at all times to know when to take profits. However if i were to invest on Memecoins I'll priotise coins like Doge, Pepe or Trumpcoin that currently trending in the market.
If you are able to bear losses then invest into memecoins, most altcoins and memecoins are the risky kind of investment when we talk about cryptocurrency investment, whatever case maybe Bitcoin isn't risky, at what price you buy just left to hold for time being, it's always a promise that soon their will be price change, profits are always ensured when dealing with Bitcoin.
Don't put all you get into memecoins, diversifying your funds into separate halves, also knowing that memecoins are risky and just like gambling, if you do not understand this risk factors then avoid going into memecoins instead just stick with Bitcoin totally.
Don't put all you get into memecoins, diversifying your funds into separate halves, also knowing that memecoins are risky and just like gambling, if you do not understand this risk factors then avoid going into memecoins instead just stick with Bitcoin totally.
You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.
Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Equivocally, we can say in all total percentage of someone income we should only spare little amount from their income, like allocating a only what we can afford to risk such as you have mentioned but through what we have it can be split among the market for investments, trading and gambling.Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Only what we can afford to lose is advisable, because you never can tell how the market could play out to be. A total percentage of 500$ monthly income, $100-$150 can be used for investments or trading and 10-30$ can also be used for gambling from the $150, with this you can control your risk level although, this amount is also high depends on our risk tolerance.
Personally, I wouldn't invest in any coin apart from bitcoin because I am after piling up wealth for my old age and not to be gambling and waste the resources that I can use to get a better life at old age. People should know what they want and the difference between long term asset which I bitcoin and altcoins whose future is not certain to be profitable in the long run. With bitcoin your capital is safe as long as you hodli for long without trading.
You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.
Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.
With the word crypto currency on the rise in world and with an acceptance level across the world especially in Nigeria it's time that my Nigerian people should know that Bitcoin is not just any crypto project like any of those coins that are over crowding the coin market and that Bitcoin is the key to the financial system of the world in the future with a fast growth rate over a given period of time which has helped Bitcoin becomes more successful infact am really surprised when ever I see how Bitcoin has suppased all expectations because when Bitcoin started a lot of people refused to take it even for a dollar but today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years
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