So have been wondering why some of these guys buys into shitcoin/ memes, hoping to generate 10X profits in less than a week. However, most of them fail badly losing a whole lots of money.
Recently my friend invested into one memes token through telegram channel dedicated to "crypto pump call". He buys into this shit, that went surging in price from $0.3 to $5 within few minutes.
He thought 💭 the price was attractive enough to sell, but 😕 aah! He tried everything possible to sell, but no! There was no liquidity available to exit. He then realised that it was all a fake pump. No actual liquidity. His money remains locked in there forever.
Bitcoin is the only real deal 🤝. Earn, buy, however you wanna do it, but just keep stacking.
I knew a guy from Venezuela, who so much wanted to change his and his family's life, so he said. He was so invested in all sorts of crypto scams, ran similar PnD telegram channels with friends. He was like possessed, immune from common sense, talked too much, interrupted a lot, and never seemed to listen... The worst kind of person. Every time I read crazy stories about crypto, his picture always comes to my mind.
Lesson learned. Hopefully your buddy is now bitcoin only.
I agree! When it comes to investing, you should ignore the noise and focus on the most powerful asset of all time!
Real assets whether Bitcoin or well established projects have depth in both market participation and infrastructure. This is why seasoned investors focus less on chasing meteoric short term returns and more on evaluating liquidity transparency and utility. In crypto the profit is often in the patience and the survival not in the sprint toward a flashing number on the screen...