people who made money in memecoins, they love to flex, and they flex hard as they make gen wealth.. now how many people actually make gen wealth by trading memes.. 1%?.. no its not even 0.1%.
than why memes are still popular if most of people are losing money.. simple reason: memes are simple, and addictive, and it hits your greed hard.
we all are greedy human beings who want to make money very fast so we get aligned towards memes.. even Major VC funds launch memes, and invest into them without even disclosing it..everyone is greedy here.
we retail loves to hear underdog stories, and we wanna change our life, and looking for shortcut all the time.. so we buy memecoins.
now.. those who loves to gamble, memes are right fit.. its better than putting money in casino where the house will always win.. in memes you could get early if you spend 24x7 hours on discord, get into the right cabal, and track attention travel.
but those who hates gambling, they need to stay out from the early attention travel loop for memecoins.. its not for you.. you might enter into memes after they reach to a certain stage where they become an intresting trading instrument volume wise eg: pepe, wif, bonk etc.. but in that case you cant make 100x.. you should be happy with 2x also.
If, even as a non-gambler, you want to try gambling by entering early into new memes, then you should manage your risk in a way that allows you to make back any money you lose within the next three days from your job, business, or any other means..
that risk amount could be different for anybody, for eg: i lost 1k on $normie.. and i could make that back in 2 days easily without having any disruption.
the risk amount varies, and you need to decide that amount for you if you want to gamble.. and being a non gambler when you lose, its better to stop right away.
for exposure into meme narrative, estalblished memes are way to go.. that too with less than 5% of your folio if you dont believe in rotation
if you believe in rotation, and time to track the market regularly than you could even go beyond 5%.. thats upto you.
risk management will matter in the end. put focus on that.