I used to go heavy on meme/newly created coins and learned my lesson. That Trump Coin was basically the meme coins of meme coins. Folks are definitely trying to chase that right now so it’s live.
Chasing new minted coins is a crazy game. Spend as little money per coin as you can doing that. I wrote custom scripts and everything, made an app that tracked wallet addresses that were known to rug, but at the end of the day it’s still a crapshoot.
It’s not a casino either, it’s a scam. There’s a difference. Remember, a lot of stories you hear are BS: stories by scammers who want you to get selfish and hop into degen plays. However, they’re not degen plays: they’re vultures capitalizing and creating FOMO. The amount of scammers out there vs fair plays is lopsided and you got to deal with people who’ll cash out early on “plays” that had potential. I don’t even consider that gambling, that’s being hard-headed and not the good kind of persistent.
Same crazy shyt too: you’ll see a lot if coins moon that “you saw earlier” but didn’t get into and that only messes with you. However, realize whether you missed by an inch (coins that you saw) or a mile (coins that you didn’t see) it don’t matter. A lot if people additionally take themselves out good positions to go all-in on a meme play: just like what happened with Trump and Melania.
If you’re going to do it, make sure you have enough loose money and won’t get to the point you’re moving out of other good positions.
. I can just throw it in stables and let it grow slowly after that.
I like it
