it is not news that cryptocurrency is one of the best things you can put your money into but there is so much risk around some cryptocurrency. It is better to stick with what you understand and the project you believe has a future but so many people have been wrong because we have some Crypto projects that don’t promise any future and don’t have any fundamental values rather than investing for fun and has been great investment and I’m talking about no other than meme coin.
I saw the news on Twitter today about the meme coin and S&P 500 which sounded crazy. The news was talking about how the meme index beat the s$p 500 index and it is true according to the information. It is shocking based on the fact that meme coin is relatively new and the S&P 500 has been around for a long time. We have so many investors not willing to risk their money in meme coins but every year meme coins turn people into millionaires, and at some point, I was part of those people wishing that they had invested or risked part of their money in meme coins.
People are ready to risk it.
I am one of those people who believe that there is risk in everything we do in life even a Project that promises so much and has good fundamentals there is risk involved and sometimes our risk just has to be calculated but people are gambling because meme coin doesn't support, or do anything rather than turning you into a millionaire. most people who are investing in meme coins know the risk because we have some meme coins that end up being a bad investment choice.
it is true that people love fast money and want to get rich quickly, what meme coin is doing is giving people hope that they can become rich in a short period and this is why people are investing a lot of money into it and we can see that some investor already coming into meme coin even though everybody’s playing a game. Most people are ready to keep playing until they win. I have a friend who has been investing in different meme coins and he has not made any reasonable profit but keeps investing it waiting for the jackpot.
Is it right to join this game?
The first thing we must clarify is that meme coin is not a better investment than the S&P 500 even though they have big numbers and we must be very careful when dealing with them because this can be dangerous. If you have a few bucks you want to risk you can join the game but when it comes to investing, the S&P 500 is still the best.
there is risk in everything we do in life and sometimes when we risk doesn’t have to make a lot of sense but we must always make a calculated risk by throwing a little money into a meme coin once in a while because it is evident that there is an inflow of money into meme coin and there is a saying that always does what other people are doing to become rich but that doesn’t mean that you put your life saving into a meme coin but risking a fragment of our finance once in a while won’t be bad because it is evident that the game is paying and it will be bad if we miss out.
Thanks for your time.
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The risk is there but the reward is also there. However, I don't think that most of the retail people will win at all. I think most of the winners are the people running the project as they manipulate people to enter.
I think if one has the funds to play around, then they can try their luck with memecoins. Taking calculated risks is definitely necessary in life, as some risks are really not worth it.
Meme Coin is not really something to risky everything for like you've pointed out, I tend to think it's only an opportunity to make fast money. Although in the future maybe the reason why people invest in meme coin might change, for now it's fast money