IT’s been a while since I share about Crypto. But it is the time to be millionaire now! The crypto market is pumping and getting higher each day!
Many who are on Twitters or with friends dabbling in Crypto would have heard that ETH BTC and especially Sol has been pumping non-stop for the recent months.
This is especially true for Sol which pump 10x from low + it’s community of meme coins pumping 1000%, 3000%, 50000% etc!!!
It’s such good money and I believe many would be tempting to enter and earn a big killing during the Christmas Seasons!
Firstly, what are Meme Coins first?
“Meme coin” is a term used to refer to cryptocurrencies named after characters, individuals, animals, artwork, or anything else that can be mimicked. Most are supported by enthusiastic online traders and followers and are generally intended to be light-hearted and fun. While meme coins may be entertaining to some, they are also highly risky investments and may hold little or no intrinsic value.
From https://www.investopedia.com/meme-coin-6750312
FOMO
More FOMO would come to one mind when you see so much shilling in X.
Many would ask, if I manage to put in some money in these meme coins and earn 100x, I would be rich and can retire from 9 to 5 immediately!
Since so many people can win and become millionaires, why not me?
It’s so tempting and chances to succeed is so high after seeing so many success cases in X!
I just simply pump money in and I will be rich! Get those newly meme coin with 10k MarketCap and hold it 100m MarketCAP! I would be so rich!!
Shilling
Let me share some examples of shilling and FOMO thread!
What’s your feeling after seeing the above?
Wah! People can earn so much $500K just by buying and holding meme coins! If I do it, I will be rich too! Millionaire, billionaire is within reach!
There are people who become millionaire previously in the last Crypto Run, like Dogecoin, Pepe etc! This time round will be my turn!
I don’t need big capital. Just $500 into meme coins and I would turn it into millions within years!
Alternately, I just put in $1000 each into 100 potential meme coins, surely one would huat and turns into millions right?
Why waste time to invest in traditional finance instruction like shares, equities, reits, bonds etc to earn few percent each year? I would just 10x, 100x, 1000x in Crypto easily! Just be early in the game and pick the correct coins!
I just follow these big twitters influencers with xxK and xxxK followers into the coins which they are buying. I will sure earn! Since so many people following them, I can’t be wrong right? I will be rich!
Do you have the above thinkings/feelings?
To be very frank, I also have the above thinkings. Many would too.
Money Money! I will be Rich with Meme coins! Just buy and be millionaire within few days!
BUT…
The above is similar to how I feel when I punt the recent 10 millions toto draw right?
I just need to spend few dollars and I be rich with 10 millions if I win the first price!
I just need to spend few hundreds or thousands into buying mini nano market cap meme coins and I be rich within days!
Hold first and think first!
Before you do the above and whack in, ask yourselves these few questions first!
How sure are you?
There are hundreds if not thousands of new shiny meme coins launch each day, with many marking posts, marketing advertisement, discord, X shilling by influencers every day, or even every hours.
How sure that you have pick the one that will 100x, 1000x?
Are you just blindly following?
Ok, I can enter those already 10x, 100x, 1000 because the mega X influencers who are very “rich” have screenshot their xxx K profits by buying these coins like $Analos. They said that it is still early.
They have many followers and strong community. Meme coins are ultimately push by the people worldwide, as long as got people support, it will pump!! I just need to follow them!
How sure are you that they are not shilling their bags so that they can sell to you? Are you sure the profit screenshots are real?
Real Absolute return?
How much do you dare to put into your “convicted” meme coins after you have done your extensive research?
$100? so that is 100x will be $10,000!
Is $10,000 life changing for you such that you can F.I.R.E (Financial Independent Retire Early)?
Ok let us put more money inside!
$1000! Yay100x will be $100,000. Wah 100k!
Ok let us put even more!
$10000! Yay! 100x will be $1,000,000! Wah 1 millionaire! I am a millionaire with meme coin!
Ok let us put even more!
$100,000! Yay! 100x will be $10,000,000! Wah 10 millions! I am a multi millionaire, high networth individual with meme coins! Those Traditional investment finance folks can never be as rich as me! They should HFSP!
The key question is,
Do you really dare to put in hundreds, or thousands of your hard-earned money into meme coins that depends on people to pump?
Are you able to hold?
The psychology of holding to investments that can 1x, 10x, 100x is very difficult, even for the most seasoned investors.
Can you find any of your friends that hold Amazon, Apple while they only for few dollars a share?
Let’s talk about local context, can you find anyone that hold your favorite DBS from $6 from 2008 Financial Crisis?
Many definitely would have sell along the way, taking some profits – because they simply scared that the price will comes down (it always did), and paper profits would really become paper only.
Hence, how sure are you that you can hold on to your hand-picked Meme Coins for 1x, 10, 100x?
Don’t forget these coins are simply meme, with no profits, just depending on pumping/speculation by the community behind them.
Are you able to sell?
The next most important questions.
Let’s say if you really can iron fisted. Hold your memecoins to 100x with millions of profits! Are you sure that you are able to sell?
What if this is scam coin or if it got hacked by someone?
Is there enough liquidity for you to cash out?
Are you able to cash out in time?
Many would have seen the collapse of many Crypto Shiny coins before, 90% within few days or even hours!
Everyone panics selling, taking up all the liquidity! How sure are you that you are able to cash out? Or it will just simply become a number on screen?
Don’t forget that Crypto transaction takes time to process on the blockchain. Even if they are liquidity on the chains, you may not be able cash out, because your transaction simply keeps failings and cannot go through, or the GAS fees are simply too ridiculously high!
So how? Conclusion!
Stay Zen when many of these coins are pumping with influencers shillings.
Of course, you can put in money to join the fun.
But please only put in the amount which you can afford to lose!
Take profit on the way! Best is to take out initial capital and ride with profits.
Do your research!
Good luck to your 100x!
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Money just buy you the chance of freedom but can’t buy back time. In life, there is no reset button. Time is limited but money is not.
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