Truly crypto is unpredictable and as such do not expect it to be a win-win situation always, prepare your mind for the unexpected or keep your expectations on the low so that you do not get disappointed. As risky and volatile as crypto, borrowed funds are not advisable to use but a spare fund that one can easily do away with if held in the market. Predictions in the crypto space are never accurate and as such, it is wise to thread with caution if you take prediction seriously, do not put all your funds on predicted events thinking of making huge profit from them.
You see that unpredictable that you just said, I wish there is a way I can describe it better than anything. This morning when I woke up to see Trump coin trending on X, it was trading around $7 but because I didn't have any funds with me, I fade it but one mind was telling me to use my friend money he had on me but I clear that off my head because it's not my money.
If I have invested that money, I would have made good money trading the meme but I was discipline enough to know my place. When to invest, what to I invest and the money I want to use to invest in any coin.
I see Trump coin soaring after its launch, this is because of the famous person like trump behind it. But will it last long?
We have to see and do research and analysis of every hype coin, maybe for the short term it is not risky but it should not be for the long term.
This is just my analysis. Because I am also waiting for other hype coins to invest and hope to get profit from coins like trump.
Only in one day has he gotten his latest ATH with an extraordinary %, but it does not run long and is now corrected and this indicates that the meme coin is very vulnerable for long -term investment and just for a moment to be able to provide benefits. So, if anyone is trying to make a profit in the future, at least you have to analyze well so as not to be fooled by Dev's game, which is always looking for opportunities for things like that.
People never ever learn on which they would really be that starting to make up some research at the time or moment that they've been wrecked or lose up too much money and not on the moment that they do before making up some investment. When dealing up with meme coins then we do really know on how risky it is on which on the moment that everyone is already talking about it, then expect that the price is already into its peak and its just common sense that its not ideal to enter when it is really that on too much hype. You will be finding yourself to be the liquidity into those people who had been able to enter earlier. So better be cautious and wary because you would definitely be losing money instead of earning.
I have come to realize that most people do not do good research before investing in projects, they are just moved by the hype and the devs know this hence they use hype to get at those investors who do not give thought to it. Although there are some who are very smart to follow up with such hype projects to take profit and go their way and not get caught in the web while some just hop in like that because of the hype and get stuck up.
Currently, the trump coin has declined, and people who bought high are now trapped while the smart ones and early adopters have taken their profit and gone their ways.
A bit of research is always important when it comes to investment be it online or offline the knowledge is vital to know where you are putting your funds because that alone could help you know what to do maybe to avert something or not to make a wrong investment decision that could wreck you in the future.