I think all of us have bought meme coins, whether we still do it now or not, but what is clear is that we have held meme coins.
I am also one of those people who sometimes take advantage of meme coins and hope that luck will come to me. Yes, nothing more than I just hope for luck, because I also realize that when it is a meme coin, then one of the things that can make us profitable is luck.
If it's trendy - then you probably can get a bit of funds out of it. Otherwise, the price is correlated with the sentiment people have towards said meme, if the community rallies and buys it up, when the cap is very very small - you basically won.
If not - goodbye to the depo.
Yeah, that's basically the story for almost everyone who bought a new meme or older tokens but with a small mc. I've converted some old coins worth a couple hundred dollars into meme before but most of it also went down the drain. I got lucky with some but never really maxed out because I only bought a few.
Almost every trader has bought some amount in tokens with a very small price, especially when it comes to the tokens and projects that are just starting. Some may make good profits out of these, while some must know that most of these assets do not remain in the market for so long. Such incidents of course make one understand the consequences of business and the fact that there is need to control risks that are inherent in any business venture. It would also give us an opportunity to take our risks with the higher risk assets without endangering too much of our resource. Thus, balance in strategy stays what can help us to stay alive in the further more than passion and anger.
- At this time, many altcoins, particularly in the top listing market in this industry, are in the red and many crypto communities are also taking advantage of this opportunity because they know that as goes by in the future, the price of altcoins that are currently down will rise again.
Honestly, I am also one of the communities that is doing DCA on other cryptocurrencies that I have been accumulating since last year till now in which is for me what I am doing is right.