Okay, I'm fairly new to crypto, and at some point, I decided to experiment more with meme coins. In the end, I'm down a few hundred dollars. I'm not the kind of person to throw more money at it when things go wrong, but I do tend to stick with it by constantly searching for a different coin and investing smaller amounts. Ultimately, it hasn't paid off. I made 10x profit on a Saturday, but that's been quite rare. It's pure gambling, trying to get in early and get out as soon as you've doubled the profit, max. That's been my experience so far. I've also wasted quite a few bucks due to failed swaps, where I still had to pay transaction fees. Yesterday, I came across this one: Book of Dogs. All alarm bells rang: a market cap of a million from the start, and the likes (burn and rocket icons) skyrocketed. I expressed my doubts and was dumped from every channel. A few hours later, the token was dumped. What are your experiences? I understand that crypto remains a gamble, but in 2024, it's not just about finding profitable coins but primarily ensuring you're not getting scammed. Profit seems to come second place. Another story: I thought I had found a quite unique meme coin called 'My Missing Cat,' but some minor errors in the caption of an image made me doubtful. The next day, the coin took off, and I was really bummed out. In hindsight, it turned out that the assets of all early investors were frozen by the developer. TC: 100K
They’re literally a meme. Correction, you’re literally a meme.
Obv that’s literally the whole thing
Oh come on! Meme coins and shit coins, play with your own risk. Should not hold more than 10 mins. Up 5% then sell right at that time. These coins attack gready people.
Meme coins have hurt crypto so much
I mean they prove why crypto can’t work long term
Meme coins are just like buying lottery tickets or sticking money in the slots. You are paying for the dream and the thrill of the chase. I made a small bundle when Doge hit over 70 cents, but I suspect that was my one lottery win. Meanwhile, I just play Memecoins to gamble and have fun.
Memecoins will always remain a gamble, but to increase your chances at least check that there's a high percentage of circulating supply
USD is also a gamble. Stocks are gamble.
Leave everything aside - I have to give it to OP on gambling on meme coins with a 100k TC 😅😅 But then maybe that’s the only option he has 😅😅😅
It really is, no rich persons with 5M assets need to gamble in shit coins, they can just buy index funds and real estate and come way ahead of inflation. Only the desperate poor buys crypto. The funny thing is that they just donate their money to the whales.
this is a whole lot of words to say that you’re mad that you are sidelined bro 🫵😹
USD is a big scam too. No control on Fed and they keep on printing money.
Next write a post about how water is wet
Or how Ponzi schemes always have an example of someone who became rich already and you can do the same if joining now!