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How smart people invest in stupid memecoins
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[QUOTE="gamaisnh875, post: 315712, member: 100171"] In the 1984 TV commercial, a young and enthusiastic band played their demo in the office of a music company. A bored music executive initially criticized them, but later they were served famous Kit Kat chocolate and the manager said they would go far. Memecoins like PEPE and Dogecoin appeal to smart and savvy individuals. However, investing in memecoins is not easy, and smart people often pay the price if they don't trade at the right time. [IMG]https://cointelegraph.com/magazine/wp-content/uploads/2023/06/pepe_coin-1024x655.webp[/IMG] Yavin, the head of the business department at Syndika, opposes any memecoin trading strategy. He mentioned that memecoins are gaining attention due to the bearish market and the crypto winter. Memecoin participants often don't care about investing in long-term projects that take years to build, but only focus on making quick money. Vitalik Buterin, co-founder of Ethereum, had the most successful investment ever with Dogecoin. However, investing in memecoins is not always successful and carries risks. [IMG]https://cointelegraph.com/magazine/wp-content/uploads/2023/06/Vitalik-on-Lex.jpg[/IMG] Tom Mitchelhill, a financial journalist, states that memecoins are highly appealing and have a unique cultural aspect. He advises investors to have a clear plan and know when to take profits. Evgen Verzun, director of Kaizen.Finance, advises investors to look for potential memecoins after missing out on the opportunity with Dogecoin. PEPE is currently attracting the most attention this year. [IMG]https://cointelegraph.com/magazine/wp-content/uploads/2023/06/Evgen-Verzun-1.jpg[/IMG] Sara Jane Kenny, Algorand ambassador and founder of OffChain Ireland, has traded many memecoins and believes they can either develop into pump and dump schemes or build utility and strong communities. She advises investors to be cautious and do thorough research before investing in memecoins. [/QUOTE]
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How smart people invest in stupid memecoins
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