In 2021, I invested in Dogecoin, however, I was lucky enough to sell before the meme coin lost substantial value. I did not make profits but also did not lose money. In 2021, I also invested in shib token. MY assets have lost 50 percent of value but I still hope that the coin will gain some value and I will be able to recover my investment. How about you?
How Risky Is It to Invest in Meme Coin
- Thread starter nomad
- Start date
I don't invest in meme coins because it always unreliable and can fall drastically. Unlike bitcoin, it takes meme coins to recover from deep bearish trends. Since Dogecoin nosedived, it have not recovered from the fall. I usually go for bitcoin, at least it can recover relatively fast
Investment in memecoin very risky due to the fact that it has lots of controversial pumping and dumping around it.
As for the meme coins, I also have some that I didn't have time to sell, thousands of Doge and SHIB. In April I sold half of my Doge, Whereas Doge reached ATH in May 2021, and I expected the price to continue to rise, but the opposite happened. so I can't make max profit.
Let's see, profitable can become if you get a good return when the hype arrives, you just have to know how to sell on time and not be trapped in the investment, it may be that for an investor who seeks long-term returns is not the best option because we do not know where the currency can go due to its scarce use beyond speculation, but you can also get returns from them in the short term.
Investment in dogecoin which is a memecoin is very promising.
Dogecoin is a very good investment now and it has a lot of potentials.
Investing in dogecoin would be a great privilege at this time.
It is true Because the Dogecoin is currently enjoying a backup from Elon Musk.
The thing about meme coins is that you shouldn't expect to be holding it for a long time. Just always give yourselves maximum of three months to hold meme coins.
The main problem with meme coin is the fact that most of the meme coin gain value and attention of investors due to hype. The more popular a meme coin becomes, the more value it may gain in the end.
