I have found that many people see others playing with meme coins and suddenly becoming wealthy, and they are particularly tempted to think they can also achieve such returns. This way of thinking is incorrect.
This notion is influenced by the survivor bias of the entire sector or by those who are overly optimistic and boastful.
Although meme coins are called memes or shitcoins, they are actually not easy to play with at all; they are, in fact, among the hardest to navigate in the crypto world. The investment risks are much higher than in secondary clones and other sectors.
Playing with meme coins = narrative skill + trending topics + information asymmetry + timing + market liquidity + capital games + emotional management + luck.
Although there are many meme coins and trading frequencies are fast, achieving a hundredfold or thousandfold return on a meme coin is not easy; it may be the result of accumulating dozens or hundreds of failures.
Even if you occasionally experience high returns from meme coins, that is merely luck; the real core is how to improve your pitiful win rate of around 20-30%.
The meme coin sector is not a short-term quick profit investment avenue, but rather a long-term process that requires intense speculation.
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