#MEME The "I'm coming!" meme is still surging – is this the final frenzy or a breakout for Chinese cryptocurrencies? Ever since I got bitten by a dog while trying to buy a meme recently, I've rarely bought memes. Here are four reasons to help others avoid this trap.
🔷 Difficult to hold at low prices. Although everyone is speculating wildly, how many retail investors have actually become rich? Of course, some have, just not you or me.
🔷 Difficult to buy at low prices. These types of MeMe coins are phenomenal, meme coins – in layman's terms, they're nothing special, relying entirely on "big shots" to hype them up. Most people see them already overvalued, with little profit potential and a high risk of getting trapped.
🔷 The pace is too fast to grasp. Most people who buy memes in the crypto market are speculators, taking profits and running, which is another reason they can't hold. They lack conviction and aren't sure if their purchases will be a hundred or a thousand times return; they're just trying their luck for a quick and easy profit.
🔷 Huge risks. The strategy is to sell any "dirt dogs" (unregistered stocks) that you buy for a profit, and hold onto any losing ones until they drop to zero. This is because most "dirt dogs" aren't heavily invested in; they're essentially "casting a wide net," hoping to "catch" one and "get rich quick," but often they "catch the fish and it flies away," leaving you with nothing.
⭕️While I no longer actively trade "dirt dogs," I still hope everyone can catch a golden dog, catch a goldfish, and achieve overnight riches.
🚨I apologize to the two friends who bought at low prices and sold with a little profit as examples. Although many say holding on will lead to wealth, who can be sure that it was a golden dog and not a stray?
🚨Actually, selling with a profit is the real strategy; after all, only money in your own pocket is real money.
$I'm coming! $Binance life! $DN
