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RE: It's the principle of the matter...

in Reflections5 days ago

A fool and his money are soon parted, and betting on a meme coin is one of the best ways to see it happen. There are those very rare cases where you get in early enough and make a fortune, but it takes incredible luck. I have made money on them before but back in the last big bull run. Now they are just too risky for the most part, and the only way to really get lucky is to use to spray and pray method. Spread the bets all around and hope for a godsend.

I don't mind talking crypto either, but I would never tell anyone to bet on a mem coin these days. Options trading is a lot less risky, and it's still a scary thing to do!

I have that issue with the memory as well, two seconds later if I bet distracted it's gone. Maybe early dementia kicking in? God I hope not!

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I don't think it is anything quite that severe. Hopefully anyway. You have plenty of time to be demented when you are older. Yeah, I have never been a fan of memecoins and I only throw money into a handful of them. It's hard to scoff at them when you have people making big gains, but like you said, it's really all luck.


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