The first thing readers need to know is that MemeCoins transactions are casinos and do not look like a financial strategy to earn astronomical benefits. Can it go well? yes of course. The problem here is that most of the time it doesn’t work.
People who trade MemeCoins usually buy assets of this type, It does not have a practical utility and is used only for financial speculationwe hope that its price will rise in seconds.
But like a casino, the house always wins. And in this case, the house is insiderPeople who had privileged information and sold when the price was at the top. An example of this happened in Mbappe, a Memecoin inspired by the famous French footballer Kylian Mbappé.
As reported by Cryptonoticias, the Solana network’s cryptocurrency was promoted on the accounts of XX Real Madrid football players who were hacked. Despite the warning, many traders decided to buy the assets, not thinking it was a scam and fearing that they would lose something known as FOMO due to the English acronym. On that occasion, the trader’s story was known to have between $1 million and $9,000 within an hour.
Another important point is many traders. Don’t consider the high volatility of low market capitalization tokensAdds additional risks that not everyone is ready to handle.
And if this introduction is not sufficient, it’s better to take the testimony of former meme cryptocurrency traders such as Adventurer Dating-397 as reference. In a publication on Reddit Social Networks, he said: “Solana Staking saved me from myself. I lost a lot of bets on meme coins, but this makes me block so I don’t fall into FOMO and end up making nonsense.
But we are moving in part. Because the first thing to emphasize is that Memocoin’s own trader He explicitly says “bet with meme coins”. That is, they are not talking about “investing capital according to their strategy” or “investment.” Talk about bets.
Because that’s what many of these cryptocurrencies represent. It’s a coincidence game with the fantasy that you can double or triple your money in just a few seconds just because something is spreading on social networks.
This type of behavior will affect both the financial and mental health of those who practice it. We enter a cycle of anxiety, repentance and constant need to restore what is lost. And the worst: many people don’t realize they’re trapped in that dynamic. For this reason, the current former Memocoin trader emphasizes this with a dull phrase. “Solana Staking saved me from myself.”.
Staking and other options
Staking in Solana proposes a completely different logic in terms of profit-generating. Instead of purchasing memo coins waiting for the magic to increase prices, it consists of blocking Solana (SOL) funds to contribute to network verification and security.
Currently, people who do sunsets receive an average annual compensation of 8.3%.
Another option is liquid staking, like the one provided by Exchange Binance. In this case, the user receives a representative token called BNSOL. This accumulates rewards and offers greater flexibility while retaining the ability to use it, negotiate, and integrate it into Defi applications.
Perhaps it may be slow and not exciting, but it’s not destructive. Here we need to clarify that there is also risk as the price of the sun can collapse and affect the value of the blocked holdings.
Another option is that investors have decided to acquire Bitcoin (BTC) for long-term retention. Historically, currency created by Nakamoto AT is usually the best option to accumulate.
Considering that BTC prices are nearby The biggest history of $111,910 (ATH)Earning a quick profit is difficult. However, the following graph shows how BTC prices have evolved over the years, showing an upward trend.
What happens if there is a price reduction? That’s not a problem for long-term betting investors. Every autumn It represents the opportunity to buy cheaper BTC Therefore, they increase their holdings.
The sample emerging as the best long-term option is that more and more companies are issuing debts to acquire BTC as a reserve asset. Its supply is limited to 21 million units, so the issuance decreases for each half, so if more institutions want to buy BTC, the price will rise due to simple supply and demand laws.
Therefore, it is clear that it is best to be engrossed in emotions and think about your financial strategy so that you don’t lose at Memocoin Casino.
