We might be seeing the benefits of meme coins these days.
🦺 If there are disadvantages to read about, that would be great, so we can see things from different perspectives.
The crypto market always surprises us, and airdrops keep changing their distribution methods.
Most people once thought ETH would moon quickly, closely following BTC ➡️ but it ended up underperforming (in the eyes of many).
I once avoided memes ➡️ but memes mooned, leading people to gradually lower their barriers and start trying out memes more and more.
If everyone plays with meme coins in the same way ➡️ the market will surprise everyone, sooner or later.
You might have seen my other account sharing Moo Ded. Allow me to share what I was thinking about last week.
I went to check out PumpFun.
👉 The profit-making method of a meme builder is exactly the opposite of a trader. In summary:
1)Accumulate a good amount of coins.2) Bring in a lot of people and pump up the price. 3)Sell before others.
But the meme builder has an advantage because they are the first holder, ready to dump on the second and subsequent holders immediately.
They can choose to wait for the trend or use capital to push the coin up to sell at higher prices.
This means that in this game, we are competing with the whales (and other holders), but the whale has a much bigger advantage as they can pull the trigger on us anytime while we sit at the table.
The way everyone can be happy and not lose is if there’s a constant stream of buyers.
[Many new people actually start with crypto through memes. In 2021, a lot of people I knew who had never touched crypto, even those with finance and accounting degrees, came asking to buy dog coins. After that, the market turned bearish, as we all know.]
💸 When demand runs out, holders who speculate based on greed will need to sell faster than people's fear 📉.
There’s probably no right or wrong in meme trading because we all just want profits. Now that we know some pros and cons, take some time to review your favorite investment strategies.
Written so long, from someone with Moodeng and using an NFT PFP 🤣
Finally, what is Tulip Mania? Was it real? What do you guys think about Bitcoin x Tulip x Meme?
Enjoy this? follow for more at @gadgeteerth @0x_nanobro
