02/11/2021
PSA: Guys, please be careful when investing in anything new, especially in crypto. This is a classic rug pull. And it only works because of greed. If a coin doesn’t have a real (or meta) world use case, it’s a gamble. No different to rolling the dice at a Casino. Do your own research always and don’t get caught in the hype.
Personally, I have played around with SHIB and DOGE and was lucky enough to make a couple of bucks that I eventually flipped for more stable coins. But I went in prepared to lose. Unlike Bitcoin, which is a long term commitment for me. I don’t sweat the 50% drops because when you zoom out, it’s always falling forward so to speak simply because there’s utility and a future in it.
Meme coins don’t have this. That’s not to say there’s no value, but it’s made up almost entirely of sentiment. And unless you’re very sure of when exactly to cash out, you will most likely get burned. So please be careful.
Crypto is a fascinating rabbit hole to get into. It teaches you a lot about a global (and future) monetary system, investing, geo politics, financial freedom and personal sovereignty, but stunts like this take us back a few steps. So be careful please.
