Topic: Is meme risk worth the reward? - page 2. (Read 292 times)

Am not a fan of meme coin or shit coin because they are mostly pump and dump scheme, and I normally sees them as gambling because of the risk involved, though of a truth, the rewards is very good if it goes your way, but for me to risk up to 100dollar on any shit coin is actually not worth it.

I believe in stability and continuity, so I practically gets all of that in Bitcoin, even though the profit Bitcoin gives is not that much as  meme coin gives, am ok if it keeps coming gradually, because I believe that small progress is a progress regardless of the pace, not for me to be greedy and go and acquire a shit coin that will make me lose my hard earned money.

Memecoins are not just the risky ones alone but that aside, memecoins are generally known for their pump and dump which can most likely be taken quick advantage on. Currently, I may prefer going into some memecoins than some new altcoins, memecoins are potentially bound to give this first pump and one may be lucky enough to get in before this happens.

Memecoins are worth the risk and aswell you must be mindful enough to know on which memecoin, where to invest and how much to invest as the result of gaining profits is never assured.

Their are some memecoin that are highly profitable no doubt about it but memecoin is also a risky that one needs to be very careful of the memecoin to invest.  Memecoin are very risky and one needs to be very careful when dealing with memecoin.  The mistake some people do make while investing memecoin is that they enter the market with greed, which they are not sure if the project is very reliable to invest in, it is important one needs to invest with the amount they can afford to lose.

To invest in memecoins or shit coins as we know to call it isn't really bad and it has a high reward ratio for profit than you will lose and this is simply because investing in them is just with very little money and you can gather millions of the coins and once it rises then you smile to the bank. However there is always a time to invest in such shit coins and that time is now, bitcoin halving time when bull is expected.

The logic to such strategy is that the investment is strategic, you have to wait for the right time to invest and that is now that bitcoin price is increasing and some other reputable altcoins rising out of the reach of weak hands and small buyers. So the logic is that during this bull, most people want to put their hands on crypto investment to have a feel of the bull ride so when they can't get to bitcoin or other altcoins, dem go run down to shit coins. So you wey dey experienced wey don already pack the shit coins keep, na so e go begin increase and your wallet go begin rise and if you want to sell then you go make your fast profit.



Some of those coins wey don dey for market go don get market cap wey don high so it may not really bull faster than new shit coins wey just enter market during bull. You fit make fast ROI before you sabi wetin dey happen.

I don't do memecoins as a result of my lack of interest I don't take them serious although it's been told by those of interest that it gives raoid profit but something I know  about such league of coins is that they burn investors incomparable to the profits it's talk about. If you must invest in altcoins why not go after those that have been in the market for long time order than some rug pull memecoin projects that are flooding into the market due to the bullrun to scavenge money into developers pocket.

I don't even think of everyone of us who investors on bitcoin, AltCoins or even the MemeCoins do operates on the DEX that's even if there is any.
To my best of understanding we all lean on this by relying on speculations, making enquires and researches if what the Speculation about a coin new project of Coins can be reliable to invest on.
Op asking if the rewards is worth than the risk, that's hmm for you because as long we deal on speculations and rumours While determining the actual potentials of the AltCoins, there's said you o be a big risk about it which could be a 50/50 either you lost or you gain.
Basically investing on the MemeCoins is one of the main reasons why it's adviced to invest with what is affordable to loose. On this note, there's said to be be a high risk with your fund and it you're lucky enough, then you gain your rewards like you just hitted a jackpot.
For real if you want a reliable crytpto investment then you must stick to accept investing on the bitcoin.

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.