I’m genuinely disgusted by what I’m seeing with these new meme coins and communities.
Even some of the good communities are being used.
They’ve become so aggressive that even saying “take profits on the way up” doesn’t feel like enough anymore. Scams are everywhere, liquidity disappears fast, and lasting a few weeks now feels like an achievement.
I still hold DOGE and some other OG meme coins that I am left with after I took profits, and I’m comfortable with that exposure.
As for some of these newer meme coins I’ve mentioned before, I may still trade them, but understand exactly what that means:
I am literally treating them as gambling.
Instead of going to a casino, I’ll occasionally put a small amount into one of these and see what happens.
That is NOT me recommending you do the same.
I won’t be making calls on them, and I probably won’t even be posting my entries or exits, including inside my private group. These things move too fast, there’s often very little meaningful TA to work with, and by the time I post an exit it could already be too late.
I don’t think it would be responsible for me to encourage people to follow those trades.
That doesn’t mean some won’t make insane gains. They absolutely can.
But understand what you’re doing.
Trade them if you want. Gamble on them if you want.
Just don’t confuse gambling with investing.