Do Memecoin Traders Ever Learn From Mistakes ?

[CryptoBun]

The rate at which memecoins are created daily is crazy. I remember last year when Pump.fun had to stop creation of memecoins on the platform for a while when rug pull issues were getting out of hand. Despite the fact that they have no utility, creators (especially on X) always have a way around convincing people to buy their coins.

I came across $UFD recently, when i heard the backstory it was created by a youtube content creator solely to prove the anti-memecoin community wrong haha and surprisingly this coin skyrocket within hours. It’s crazy how lot of traders complain about being rug pulled and still put money on the next over hyped coin. We all know the story of the popular $CHILLGUY and Peanut the squirrel that turned out to be a success and this got me thinking if these traders ever learn from their mistakes or not.

[bitterguy28]

We all know the story of the popular $CHILLGUY and Peanut the squirrel that turned out to be a success and this got me thinking if these traders ever learn from their mistakes or not.

well it depends what they consider their mistakes are

if they think involving themselves with memecoins in general is a mistake and yet they continue to do it then you know they haven’t but if they think that the mistake is expecting too much of memecoins and not just taking the opportunity to earn quickly and they continue to participate in memecoins then we can assume they would have learned from their mistakes already

personally i have not been as involved with memecoins because a lot of the projects do not really end up becoming successful even for a short while enough time for me to take advantage but no nothing happens usually

[JoyMarsha]

We all know the story of the popular $CHILLGUY and Peanut the squirrel that turned out to be a success and this got me thinking if these traders ever learn from their mistakes or not.

No matter how many times memecoins go ahead to rug pulled investors in the crypto space, we will still find people who will refused to learn from it but to fall victim to memecoin scams because they are often driven by their  emotions, such as FOMO, lack of fundamental analysis of not knowing the true worth of memecoins whether it will succeed in the market or not. This normally led to making sentiment rather than DYOR based on its value(low value) whether it can truly increase or decrease further

[LogitechMouse]

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I came across $UFD recently, when i heard the backstory it was created by a youtube content creator solely to prove the anti-memecoin community wrong haha and surprisingly this coin skyrocket within hours. It’s crazy how lot of traders complain about being rug pulled and still put money on the next over hyped coin. We all know the story of the popular $CHILLGUY and Peanut the squirrel that turned out to be a success and this got me thinking if these traders ever learn from their mistakes or not.

People just love risks in general. People love to gamble especially if they know that the coin can change their lives forever. Sad, but that's the truth. Meme coin investors/traders might learn from their mistakes, but they will not stop from investing into it... at least for some this is applicable since there are some that their lives had changed negatively because of investing into meme coins.

I don't know if this is the trend, but most of the meme coins will pump hard and as soon as it reaches its peak, it will dump significantly - more significant that no one can ever imagine that to happen. After that, a few people will change their lives because of it as they make profit while most of the investors will lose their money. Although there are some meme coins that are becoming successful like the one OP said and many more, we can't change the fact that meme coins are just there to be pumped and dumped, and traders love those kind of volatility.

[libert19]

At least I learned. I put money in few money memecoins, each of them dusted after sometime, so I learned to not put any money further, lol.

Yes, there have been few successful memecoins as the ones you mentioned, but failing ones are far more than successful ones. I don't believe in my luck that much to find a diamond in mire of garbage.

[Stompix]

I'm starting to realize it's easier to take people off drugs and make them quit smoking or drinking and even gambling than managing to stop traders from throwing money at meme coins despite knowing they have fewer chances of hitting the jackpot than playing the Powerball.
Fool me once, shame on thee; fool me twice, shame on me, fool me one thousand times, I'm a meme trader!

[bayu7adi]

I'm starting to realize it's easier to take people off drugs and make them quit smoking or drinking and even gambling than managing to stop traders from throwing money at meme coins despite knowing they have fewer chances of hitting the jackpot than playing the Powerball.
Fool me once, shame on thee; fool me twice, shame on me, fool me one thousand times, I'm a meme trader!

Because it is considered a quick profit solution with small capital... for example, if it fails, we only lose a little, and if it's a jackpot it gives us a very big profit... the chance of winning is indeed very small but the potential profit is up to thousands of percent..

Every time someone posts on social media about their profits, many FOMO people will start taking action and hope to have the same fate as a sweet post on social media.. the hope of meme traders is a jackpot, nothing else....

Almost the same as gambling, or maybe this can be called gambling v2.0.... cause the level is different and covered by the term "investment"... that's what makes them feel innocent

[bettercrypto]

It is true that every day there are countless meme coins added to the crypto space, and only a few of them manage to successfully implement the strategies
they use to raise a large amount of market cap in the crypto industry.

That is why always be vigilant when choosing meme coins to buy and do not get carried away or carried away by coins that they think will continue to rise in price
in the market or fomo as it is called.

[bitbit97]

Meme-coin traders are like addicted gamblers. Once they lose, they always return to lose money again. Both do that in search for easy money. Each meme-coin traders fail is countered by story "trader turned $500 into $5 millions in one day on <name> meme coin". People will always believe in easy money stories and will repeat investment mistakes again and again. History is full of examples, but people never learn from it.

[hugeblack]

They mostly look for quick profit versus unexpected loss, so there is a chance to win $400 but there is a chance to lose it, they will not focus on the high probability of loss but on the expected profit.

[CryptoBun]

We all know the story of the popular $CHILLGUY and Peanut the squirrel that turned out to be a success and this got me thinking if these traders ever learn from their mistakes or not.

well it depends what they consider their mistakes are

if they think involving themselves with memecoins in general is a mistake and yet they continue to do it then you know they haven’t but if they think that the mistake is expecting too much of memecoins and not just taking the opportunity to earn quickly and they continue to participate in memecoins then we can assume they would have learned from their mistakes already

personally i have not been as involved with memecoins because a lot of the projects do not really end up becoming successful even for a short while enough time for me to take advantage but no nothing happens usually

One thing I noticed is most traders think memecoins success is unpredictable, you know no one could have thought PNUT and CHILLGUY would turn out successful. This i think prompts them to trade more despite their losses.

[CryptoBun]

Meme-coin traders are like addicted gamblers. Once they lose, they always return to lose money again. Both do that in search for easy money. Each meme-coin traders fail is countered by story "trader turned $500 into $5 millions in one day on <name> meme coin". People will always believe in easy money stories and will repeat investment mistakes again and again. History is full of examples, but people never learn from it.

Exactly, such stories are a lot on X, the funny part is most influencers post edited PnL just to create unnecessary FOMO and it annoys me when these traders fall for this tricks and get blinded by greed.

[Agbe]

Yes I get you because from the way new memecoins are being launched into the coin market everyday is alarming especially when it comes to mining of these memecoins on telegram there was a time I was really wondering how these coins are just being produced and funny enough most of these coins are not even listed well I will not totally condemn it but one thing that I will say is that we should be careful with some of these memecoins as the probability of fake scam memecoins are there waiting for people who will invest their money into these coins

[Bobcrypto]

The rate at which memecoins are created daily is crazy. I remember last year when Pump.fun had to stop creation of memecoins on the platform for a while when rug pull issues were getting out of hand. Despite the fact that they have no utility, creators (especially on X) always have a way around convincing people to buy their coins.

I came across $UFD recently, when i heard the backstory it was created by a youtube content creator solely to prove the anti-memecoin community wrong haha and surprisingly this coin skyrocket within hours. It’s crazy how lot of traders complain about being rug pulled and still put money on the next over hyped coin. We all know the story of the popular $CHILLGUY and Peanut the squirrel that turned out to be a success and this got me thinking if these traders ever learn from their mistakes or not.

Many of those traders/investors who rush into meme coins are mostly newbies traders who are eager to earn at all cost with out proper searches of these meme projects. I am very sure that majority of the new meme coins out there are purposesly launched to be dump on the ignorant newbies who are carried away by meme hype and speculations.

The most disappointing aspect is the lact of awareness of how these meme coin have been dumping on the market, but many newbies fail to learn or listen to expert advice. I think that many people will continue to lament this meme coins dumps, and  it may be a ruten of complaints about meme coins dump and market losses in near future

[debra]

This will come back to each personality. Because in any case, it is very influential on each person's learning and evaluation when they experience losses or profits. so when deciding something, it must be in a calm condition and not panic. And in any case, investing in meme coins is very risky. so when there are times when you lose money, it won't be a big problem. and also, when we get big profits from meme coins, we should also be calm and analyze the success, so that in the future, efforts in meme coins will be even better with various considerations and lessons from previous evaluations.