Newbies never buy memecoin quickly.

[Freemind]

Unfortunately, new users are the ones who fall into this "trap" the most. They listen to what their friends or family say, they believe what the "influencers" say in YouTube videos... It is very difficult to make money with memecoins since even the most veteran users usually lose money due to the operation of that market niche. There are also very few new users who are trying to understand and learn how the market works and then decide which project to invest in. Beginnings are always difficult, but it would be less so if people in general had more patience.

[LogitechMouse]

Re: Newbies never buy memecoin quickly.

Nah. Let them buy meme coins.
I'm dead serious. Let the newbies buy some meme coins.

In investing, you will not learn if you will not commit mistakes. Those successful investors right now didn't become successful because they did everything right. They're successful now because they learned from their mistakes. Being successful in investing isn't easy and along the way, you will experience mistakes. Investing into meme coins might be a mistake for most newbies to do, but believe me when I say that there are a few newbies out there who made money through investing into meme coins, and yes it's pure luck, but they still got profits.

In the end, it's all up to them if they will buy. If they'll lose money then they must take it as a lesson.

[Litzki1990]

Many new investors about memecoin get ideas from YouTube and directly invest in this coin. I have seen many videos on youtube where it is said about this coin that if it is possible to invest in this coin then in the future an investor can become a millionaire. If such a comment is made directly about any coin then it is natural that newbies will definitely be more interested in investing and will invest in this coin without knowing anything. But I won't tell all YouTubers that they are only talking about investing in this coin or for sure, except for some YouTubers who say that if you buy this coin now for $10 or $20 then you will get this coin in the future. May give you something good. There is definitely a difference between making a comment like this and making a comment with certainty. New investors must give weight to comments that are made with certainty.

[bitbit97]

I would suggest newbie dont to buy memecoins from the very beginning of their crypto path. Better get familiar with popular altcoins; something from top100 and try investing or trading. Extremely hard to get good profit with memecoins. There are too many of them, and from the start find something that is not scam is difficult. After getting more experienced, more familiar where is dangerous to invest, and where is not, would be time for memecoins.

[taufik123]

-snip-
Investing into meme coins might be a mistake for most newbies to do, but believe me when I say that there are a few newbies out there who made money through investing into meme coins, and yes it's pure luck, but they still got profits.

In the end, it's all up to them if they will buy. If they'll lose money then they must take it as a lesson.

A fortune that comes unnoticed because buying meme coins gives huge profits.
If a beginner gets a meme coin that gives a lot of profit, believe me it will never come a second time.

But when there are some disadvantages due to meme coins, it can indeed be a valuable lesson for beginners.
But before that happens, it's better to learn the failures of others about meme coins.
Learning doesn't have to recognize failure first, but learning from other people's mistakes is also necessary.

[Mimi]

Please if u consider buying it a mistake then I would like k e to request that u point me to the right path because I am new in crypto currency,thank you.

-snip-
Investing into meme coins might be a mistake for most newbies to do, but believe me when I say that there are a few newbies out there who made money through investing into meme coins, and yes it's pure luck, but they still got profits.

In the end, it's all up to them if they will buy. If they'll lose money then they must take it as a lesson.

A fortune that comes unnoticed because buying meme coins gives huge profits.
If a beginner gets a meme coin that gives a lot of profit, believe me it will never come a second time.

But when there are some disadvantages due to meme coins, it can indeed be a valuable lesson for beginners.
But before that happens, it's better to learn the failures of others about meme coins.
Learning doesn't have to recognize failure first, but learning from other people's mistakes is also necessary.

[DabsPoorVersion]

Please if u consider buying it a mistake then I would like k e to request that u point me to the right path because I am new in crypto currency,thank you.

If you mistakenly buy a meme coin and want to know what to do next, the first thing you should do is check if you've made a profit. If you have, it's best to sell it right away instead of holding onto it for a long period of time. On the other hand, if you're at a loss, you need to decide whether to cut your losses and sell it or hold onto it for a while to see if the price will increase again. As I mentioned, the risk is too high. It's better to cut your losses and invest in another altcoin to recover your losses.

[Freemind]

If you mistakenly buy a meme coin and want to know what to do next, the first thing you should do is check if you've made a profit. If you have, it's best to sell it right away instead of holding onto it for a long period of time. On the other hand, if you're at a loss, you need to decide whether to cut your losses and sell it or hold onto it for a while to see if the price will increase again. As I mentioned, the risk is too high. It's better to cut your losses and invest in another altcoin to recover your losses.

First of all, I don't think anyone buys anything by mistake, not even memecoins. I don't recommend newbies to buy memecoins (I really don't recommend buying any coin/token, as that needs to be studied by each person), but if they do it they have to take risks (I think unnecessary) as newbies, and that is not good at all, since they will not act rationally in the face of “losses”, even if they are only temporary.

We already know that it is a personal decision and that everyone will do what they want with their money, but in case of buying memecoins it would be best to buy small quantities ($50 - $100). If these amounts are lost it should not be a problem since they are acceptable, that way we would also learn. DYOR.

[Aanuoluwatofunmi]

About memecoins, if you just invest on them being a newbie without having the required education and orientation about investing on them, also, we can make investment on a very little amount of money we can easily afford to loose, this will serve as an avenue for us to learn more while in use of that little investment we make, there are shitcoins that many people are not just aware of their existence not until they invested in them.

[DabsPoorVersion]

If you mistakenly buy a meme coin and want to know what to do next, the first thing you should do is check if you've made a profit. If you have, it's best to sell it right away instead of holding onto it for a long period of time. On the other hand, if you're at a loss, you need to decide whether to cut your losses and sell it or hold onto it for a while to see if the price will increase again. As I mentioned, the risk is too high. It's better to cut your losses and invest in another altcoin to recover your losses.

First of all, I don't think anyone buys anything by mistake, not even memecoins. I don't recommend newbies to buy memecoins (I really don't recommend buying any coin/token, as that needs to be studied by each person), but if they do it they have to take risks (I think unnecessary) as newbies, and that is not good at all, since they will not act rationally in the face of “losses”, even if they are only temporary.

We already know that it is a personal decision and that everyone will do what they want with their money, but in case of buying memecoins it would be best to buy small quantities ($50 - $100). If these amounts are lost it should not be a problem since they are acceptable, that way we would also learn. DYOR.

It is still possible for newbies to mistakenly invest in memecoins without doing any research. I have encountered many such investors who don't realize that the crypto they invested in is a memecoin. They may have purchased it due to its low price and hoped for long-term profitability. Mistakenly buying a memecoin doesn't always mean that they bought it unknowingly or they have some other coins in mind, but it could also be because they lack knowledge about memecoins altogether.

[angrybirdy]

About memecoins, if you just invest on them being a newbie without having the required education and orientation about investing on them, also, we can make investment on a very little amount of money we can easily afford to loose, this will serve as an avenue for us to learn more while in use of that little investment we make, there are shitcoins that many people are not just aware of their existence not until they invested in them.

We need to change this kind of thinking. New investors should not rush into investing without proper knowledge. If an investment does not work out, we should not consider it as a learning opportunity. Instead, we should advise them to invest their time and money into credible online courses or videos to gain proper knowledge about investing. Investing is not a trial and error process. It is important to have proper knowledge before investing any money to avoid losing it.

[Mimi]

About memecoins, if you just invest on them being a newbie without having the required education and orientation about investing on them, also, we can make investment on a very little amount of money we can easily afford to loose, this will serve as an avenue for us to learn more while in use of that little investment we make, there are shitcoins that many people are not just aware of their existence not until they invested in them.

We need to change this kind of thinking. New investors should not rush into investing without proper knowledge. If an investment does not work out, we should not consider it as a learning opportunity. Instead, we should advise them to invest their time and money into credible online courses or videos to gain proper knowledge about investing. Investing is not a trial and error process. It is important to have proper knowledge before investing any money to avoid losing it.

That's true I agree with you, cryptocurrency as a whole is not something of chance it's something that requires dedication and study because once you invest there is no going back. Thank you for sharing your opinion.

[Gurujebs]

Most new investors buy memecoin because they think there is a chance to get rich quick from crypto. So they are buying a memecoin for 100$ because the amount as a coin is high. However later it appears that the project is becoming useless because they are too weak to do development activities to survive in the crypto market. Also later that investor lost 100$ to 20$.

Gone are those days when people look at decentralization of a project before they invest, look at the security and speed, look at the team, look at what the project is going to do in real sense, look at what investors are going to benefit but today, an anonymous person will create a token out of blue and then called it the next big thing in crypto and everyone will rush into it and invest all they had because they want to make it so quickly.

Doge and Elon musk should be blame for this but I think people are to be blame more because they intentionally invested where they like and you can't tell them not do what's in their mind. You can basically see people prefer meme coins than even real coins and I think it's their choice and what they want to do.

[Freemind]

It is still possible for newbies to mistakenly invest in memecoins without doing any research. I have encountered many such investors who don't realize that the crypto they invested in is a memecoin. They may have purchased it due to its low price and hoped for long-term profitability. Mistakenly buying a memecoin doesn't always mean that they bought it unknowingly or they have some other coins in mind, but it could also be because they lack knowledge about memecoins altogether.

Thanks for the clarification, now I understand better what you said in your post. But I still see a problem... The first (and only) thing a newbie should do before investing is to study the market and the coin/token he wants to invest his money in, and at that point I think that person will know if he is investing in a memecoin or in a project related to IOT(for example).

No one should invest without having dedicated hours and hours to reading and learning, otherwise we already know what can happen. Serious economic problems and even bankruptcy. Even after a long time it is something that can happen to us. Knowledge is our ally in this case.

[JoyMarsha]

In my opinion, memecoin has the potential to instantly make someone wealthy or cripple their invested money. It acts in such a manner. Those that invest in it are merely taking a gamble game because they have no idea how the price will go in the future (profitably or losing).

Given how volatile their prices are, I have never once thought of memecoin as a viable long-term investment due to its massive circulating supply, you as an investor can lose a lot of money within a day, depending on how much you invest. As such, it should not be trusted for long-term investment plans.