• On Wednesday, 19th February between 10:00 and 11:00 UTC, the forum will go down for maintenance. Read More

$12k to $35 million in 10 weeks

Now, show us the cases/numbers of people losing money because of these meme coins,
It's basically some sort of gambling...
Not gambling
I'm sure that whoever bought it for $83k marketcap is a insider or part of a whale group...or another wallet of the owner of the coin himself
They buy knowing the potential of the coin, anyone would have sold it a long time ago, not wait for millions of dollars in marketcap
Unless you already knows that this specific coin will be pushed hard by influencers, KOLs and whales
If you are not part of one of those groups and you stumble upon such coin, you would quickly sell it
 
What's the liquidity of this token? If it's smallish he'll never have that profit realized.

Selling requires opposing buyers on the opposite side of the trade.

As you sell, price drops and will keep on dropping filling the opposing buy trades.

So if there's not much liquidity price may drop 10, 20, 50% or more till it finds buyers willing to buy it at that lower price.

Unrealized profits by itself says nothing.
 
Not gambling
I'm sure that whoever bought it for $83k marketcap is a insider or part of a whale group...or another wallet of the owner of the coin himself
They buy knowing the potential of the coin, anyone would have sold it a long time ago, not wait for millions of dollars in marketcap
Unless you already knows that this specific coin will be pushed hard by influencers, KOLs and whales
If you are not part of one of those groups and you stumble upon such coin, you would quickly sell it
yup, part of the people cheating the gambling system :)
 
Crypto industry is built around hype and FOMO. Now its at a stage where one man's loss is another man's benefit.

I don't think anyone wants liquidity in a fart...
:( Ewww
 
Back
Top