No sympathy for those who lose cash on memecoins

So I came across this article saying someone is suing Iggy Azalea over her token, $MOTHER. Honestly, as much as I want people like her to face some backlash for scamming others, I can't feel bad for those who lose cash because they really should know better by now. For anyone who follows football, PSG and Bayern Munich had their UCL semi-final second leg yesterday. During the match, as PSG was ahead, the PSG fan token's price started to skyrocket, just like the pic below shows. Some folks are definitely gonna make a profit, but way more will end up losing money and then start pointing fingers and looking for someone to blame for a decision they made willingly and with a clear mind. This just shows how it's all about the hype and the vibes. I think the price will go up again before the final, but it could crash right after, unless they do a rug pull. That's why I've always said that investing in memes is like a gamble, and those with more cash to throw at different projects usually come out on top.

Fan tokens are quite better and safer than other shit meme tokens that quickly die after their launches. With fan tokens, they have like two market cycles without deaths even prices have dramatically dropped from their all time high prices. People invested money in Fan tokens surely got big losses but it's still better than meme tokens in other types, they are weaker, more useless, no support, and can be abandoned by their teams and die very easily. Shit meme tokens even die before one market cycle ends, that means their life spans are even shorter than 4 years. Meme Coins: The Good, The Bad, and The Ugly.

For people that are familiar with fan tokens, it is usually like this and it's not a big deal. Fans tokens often do well when the club is playing good football and are progressing on all competitions. The token go down if the club is not doing well. As for rug pulling I don't think they will as the token has been around for sometime now and are tiered to a football club. The best time to buy fans token are when the club are playing badly and not when they're already achieving success because those who bought when the club weren't doing well will dump on you.

The thing is when betting (trading) on meme coin or fan token you should be that using what you can afford to lose to trade just as you are placing bet as usual because most of them may likely go on the reverse especially when they are losing you would see the coin dropping seriously on the market and those who has entered the market earlier would start experiencing loses. But from What I noticed PSG is proven to be a very strong team, actually if I am not mistakenly they ended with draw on their match yesterday, I have also observed Bayern to be another good club that was able to withstand PSG to make it draw yesterday.

The people who always lost are people who are too eager to be rich in one time investment, this are the targets of some meme coins well most of them. and yes the one that have lots of money wins, they can even manipulate the market to be able to lure this kinds of people. They love to gamble but the problem is they don't have enough to fight the whales, when a whale leaves the project they are left with nothing most likely the project will be dead, or in some rug pulls and everyone is crying even trying to threat someone, they are the reason they are there in the first place.

I also don't feel sorry for these people; the warnings are everywhere, and yet they ignored them all and proceeded to invest. It's like saying, "We are wrong, and it's my money anyway." The reason memes continue to exist is that investors keep promoting and patronizing them. It's hard to die because there are people who love investing in high-risk schemes like memes.

I don't see why anyone should feel pity for others in the crypto market. We weren't together when you took the risk, we won't be together when you make the win and want to enjoy your profit. Every decision you took were yours and also the loss should be your own to bear. People prefer chaos to peace. They want quick gain, quick profits so they go for tokens that moves only due to hypes. Invest in Bitcoin they would say no. There's no use of feeling pity. They should learn to do what's right. I can't imagine myself investing in a token that is controlled by hypes, sounds ridiculous.

The hard truth is that, in the end, cryptocurrency is a gamble depending on how you approach it without omitting any one. Even the ones with difference, that has high liquidity from different sources and those with more utilities, are only distinct from the others, one may still terribly fail in them. How you approach cryptocurrencies matter, and there's no automatic earning anywhere. If you opted to buy or sell it, then you've agreed to its "terms and conditions of risk." So, good luck to the petitioner. I've never seen where an investor won in this situation.

Why feel sorry for those who lost money to memecoins? Aren't they doing it consciously, so it's useless. I don't think they are thinking about the right Crypto Investment, but rather want to gamble on memecoins. There have been many discussions from experienced people both online and offline who think negatively about memecoins, but there are still a handful of people who buy them under the pretext of wanting big profits with little capital. That kind of perspective, I think that they actually want to gamble. But the method is different. I always emphasize that when a friend comes to me to learn Crypto, I always require him that it is not allowed to buy memecoins. Since it's too risky, I don't want someone who learned Crypto from me to fall victim to that obscure memecoin.

Feeling sorry for anyone who lose money on memecoins or taking the risky to gamble their money is not compulsory and i don’t think anyone who lose money in anything concerning gambling need to be feel sorry for because no one ask them to do that, it is their choice to do what they want and if they make a profit from it no one will want to share the profits with anyone, what people don’t know is they do not use the amount you can not afford to lose to bet or to buy any tokens because if you do and at the end things go wrong you can not blame anyone. People need to learn how to control themselves, not every coin we see online we should buy or put our money on, their many investment that we can invest that we will not regret at the end, instead of wasting our time to buy a coin that you don’t know you will earn a profit from why we just use it to buy bitcoin and have a rest of mind? Greedy will not let some people to do the right thing and that is why anyone who lose money on memecoins does not deserve to be feel sorry for.

They are not the same thing. Memecoins are too risky to put money on, and anyone who is going through that part should be aware of that. Even if they later start looking for who to put blame on, in some cases they will even lose the case before it gets started. As for fan tokens, they have been here for a long time, but it's still not something to follow up with blindly. Even as PSG saw a little pump, it does not mean it will continue like that; the trend for fan tokens has reduced compared to when they first got started.

Memecoins often live because of hype.  And after a hype, the market will collapse, other even become worthless and trading cease.  Most people who get into memecoin is driven by greed.  These people will jump without thinking when a new memecoin appear in the market, since they have this mind setting that who ever jump first will take the best benefit.  Worst is that they even join the hype during the hyping stage of the memecoin. So I think it makes sense when people just look the other way when someone complain how memecoin make them lose huge amount of money.  It is their greed and ignorant that made them lose much money.  They don't do their homework so it is naturally their fault.

I have not been in the crypto currency market for a long time, but so far I know that memecoins and other tokens that aren't Bitcoin, Etherum, Solana among other alternate coins are just a big gamble to invest in. I don't blame people for wanting to make fast money from memecoins because the situation of the economy of most countries is quite hard. If there is one thing I know about these kind of coins, one must be glued to the source of the hype that is making it to pump, so as to know when to leave the market with the already made profit. It's just too risky for me that's why I prefer Bitcoin investment for now.

If you're trading any of these fan tokens, just know that you're gambling and should take absolute responsibility for whatever comes out from that trading, so it's as much as betting that PSG or Bayern Munich will. If you don't understand the risk involved in trading, particularly the meme or fan tokens, then you will learn to learn from experience.

I never knew this PSG coin was even a meme coin, I knew there was no affiliation between the project and the club but something didn't just add and I didn't bother to do much research but there were about 5 project tokens that were trending as the league was going and that PSG in particular that was stealing attention and now seeing it flying again make sense now, they were buying because of the outcome of Bayern vs PSG, the final is going to between PSG and Arsenal. However, making coin because of these events makes crypto terrible and spoilt the fun of sports. I think this isn't about meme coin, this is about reaction of the market to what's happening. If that coin should be their official coin, I mean real coin and no meme coin that's the sort of reaction you will get since they won their match yesterday and many people had hopes but the fact that some people are going to hold this coin for this sports makes some people gullible and unaware. So yearly view of the coin and you will understand that it was a trap for exit liquidity, there was nothing like real pump.

And that's why I don't do memecoins. In fact, I don't own any as of this moment. Altcoins are already too volatile and when you add memecoins to it, that's some next level of volatility we are talking about. They are too unpredictable, risky, and lack fundamental value.. I don't wanna lose my money on something that's been created as a mere joke/meme. Lastly, I believe they are solely created to make the devs rich (through rug pull scam, market manipulation) and the users/traders poor. I mean, just look at how many people are losing money on something that has no use case at all!

Even if you'll sell your emotions on people over their losses after investing in the MemeCoins, also understand that there're inexperience people who newly comes into the space to invest in the crypto currency but don't know how to go about it. Some lacks proper guidance so they jumps into any of the coins that by speculations has very intensity attractions to invest on. And we know the influence on hype projects can convince newbies to adopt it without haven knowledge of how to verify the reliability and potential value of the coin. Don't be surprised that most of those who invests in the MemeCoins earlier had the intention to invest in bitcoin and still don't know how to go about it but due to the mainstreams of the MemeCoins they get easily caught. If there's anyone you don't feel sorry for in this peak then it should be those who had got experienced but greeds with the intense of gambling overtakes them.

Some of these victims of meme coins are real newbies who are just learning about crypto for the first time. I think it is the duty of experienced investors or traders to let them know that memecoins thrive on hype and to teach them the right ways to approach them in order to reduce the risk of losing their entire capital. Unfortunately, it is the experienced investors that mislead newbies sometimes. Even though we may argue that they ought to learn through research and by constantly asking questions, these people can still  easily be led astray. The truth is, many experienced investors today learnt through bad experiences. I'll only feel sorry for a newbie whom I am convinced was misled. However, for experienced investors who already know that memecoins pump when the hype is still high, I'll feel no pity for them when they lose their money. They are expected to know better and they are part of the people who mislead newbies into believing that they can get rich quickly from investing in memecoins.

Some are victims of ignorance but when we look deeper on how it got sold to them and how they eventually end up smashing their heads on a dead end, it always beyond  ignorance. WTH in his right mind thinks a token booming because of a specific match is the right investment to put their life saving on The funniest part is if they get lucky with a  good withdrawal once, they definitely coming back for the 2.0 even though they are eventually aware of how 1.0 turns out to be a scam. So far  they weren’t used as the liquidity they keep on trying. it’s a bit hard to pity them fr. Anything except Bitcoin is more like a gamble to me.

Trump meme coin is also a great example of similar cases, is there anyone trying to sue him? The coin has already lost more than  90% of value after reaching 75$ and now traded at 2,4$. That not just dumb to think ever again that trading these coins will be profitable just by learning analysis or following signals from scammers. The only people who can be profitable are the owners or lucky ones who gamble without any planning or taking risk into consideration. I may feel bad for some of them just because they can be beginners or too tempted, at least when it happens once and learns a lesson.