Memecoins Are Full Of Scams But That’s Why We Do Research

I see a lot of shit about crypto which makes sense because people lose a shit tone of money leading to them being bitter so I can understand why it’s being treated the way it is. I see people be like “Oh I’m going to do dividends because it’s safe and totally not a scam”. Ok have you heard of window dressing?

I feel like each trade of any kind has it’s unique approach. If I’m going to trade wheat I’m gonna have to learn a little agriculture, for bonds I need to keep up to date with macroeconomics and global economics etc but with my time of learning any trade I see people simply putting money where others have put their money and expect it to happen to grow.

Then they go broke. Not all but a lot.

Scams are everywhere. The government, the largest firms heck forex could be have it’s own twist. I’m young. I won’t be allowed to open an account until mid august but I’ve always marveled at the art of the trade from my early teens. One thing I’ve learnt was having your own journey , being patient and being loyal to the rules you make. Just because I was to young to start didn’t mean I was going to wait to learn when i have money to blow. I spent years learning and dedicated time to practicing even though making money on paper trades sucks which these day people seem not to be willing to do. Livermore was a clear representation of that power, only going broke due to betraying his rules and succumbing to FOMO (I really suggest reading Reminiscences of a Stock Operator). Insider trading has been there for decades. So why are so many people shocked that crypto is the same?

In the end of the day those who may have made a lot of money off crypto can be lucky but most mastered the trade. They have their strategies and as much as we may learn a lot from these youtubers lets not wait for someone to just tell us how to make 100x but go ahead and make your winning strategy and your methods. Going to sit down and actually learn economics, tokenomics, the art of coin reconnaissance and technical analysis to determine which coin you buy and for how long. Taking from others is fine but STOP DEPENDING ON TWITTER TRENDS , I BEG.