Quote from: Ararbermas
Well Op from the start many speculators saying it will become nothing and will become shitcoin in the future and I'm agree as well because most of the so called whales are just trying to use it to make profits and after all they abandoned it..and it still happening as of today tbh. so i suggest to don't ever think to make long term on it. And when investing make sure you're on hype in order to prevent risky situation.
For you to know that it will not go far, just take a look at some memecoins that appears to look like tokens that will take over from Bitcoin and Ethereum in the general market but they later disappeared from the market to make their investors to experience losses. That is why you see majority of altcoins holders are short term holders, because that is the best way to achieve income from memecoins but don't use huge amount of money to purchase memecoins and hold for long. And, if you want to hold any altcoins for long, let it be Ethereum or Solana because those altcoins will give you a passive income when you are ready to release them for sale.
Yep, some memes go up to 80k-90k x's in profit, and people - are - making money from them, though these are lucky few, most of the people go and get rekt by the train which goes with a speed of light, basically, and stops going half-way when the meme is losing track from the community and people in general.
. can't really make wise choice if the market is fully speculative, in meme coin, there's arguably lesser things that make sense speaking from technical indicator, who would've thought a coin that derived its name and logo from doge's owner new dog could be listed in binance, it's all speculative with meme coin. but I guess that's also what make it interesting.
