I am not also a fans of meme coin or project. Well lookin at the domain you will actually see that is just like a new online gaming platform. For me I do not need anything of such. What we should focus on is to accumulate btc for future, and not the other way round. I am terrified by my previous experience and i wouldn't want to fall for such Victim again except you want.
Since most meme coin are just shitcoins that normally die off in the market , this should be the reason why we need not to give meme coins much attention. Money can easily be lose while investing in meme coin , it is better to invest in a future coin that is reliable that one is sure of gaining profit than trying luck investing shitcoin . Most shitcoins are scam coins which it is not very good for people to depend on it thinking that they can make profit from it quick.
Yes it is true that many meme project are shit of crap and that does not mean that all meme coins are bad.
We can still make money for ourselves when investing in altcoins and that should not make us to see me as too bad.
If we know how to find good meme coins, to be honest we might become the next million in cryptocurrency.
I have seen people making crazy profits from meme projects hitting upto 1000x.
Happens most of the time on public sale but as you mentioned, not in all ocassions. Given that meme tokens' concept is simple, only a few are really profitable to invest and I cannot name a single meme token which would be pomising for long term holding given. Prices are often triggered only with general market behavior or just whale manipulation once the coin is listed with exchanges. I just don't invest into such concept however I won't say it is a bad token to invest. It just depends on your tolerance as an investor, as usual. Everything has risk in this industry by the way and if meme token is tolerable on your end, then that would be fine.
Mem coins are a cryptocurrency with an ambiguous assessment, some say that it will bring big profits, others compare such coins with shitcoins, which are very dangerous to deal with, with a high risk of losing money. I don’t have much experience in trading mem coins, and after one incident when I almost lost my investment, I lost my desire to participate in this.
Many investors did. A friend of mine has lost $2k partially with DOGE because a sudden dump took place early last year. Good thing that he haven't sol it yet and right now, his losses are coming back slowly. What I fear which is why I avoid it is because of high market price volatility. I do trust big names in this industry more than meme tokens. But of course, the principle of high risk and high rewards will be always there. Just avoid being greedy and make it a habit to set a stop loss to avoid losing that much if you are not sure of things.
