RE: Is Memecoin trading a legit way to earn money on crypto?
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...it is best to stay away if you are not rich in crypto...
Yes, right. It would be riskier if we wanted to make a profit of $100 from capital of $10 compared to using capital of $10,000.
I once bought some meme coins on Solana for $1 (and hoped they would double at least). In about 5 minutes, some coins rose almost 100%. But after that, everything becomes 0.
If only I bought that coins for $100, maybe I could immediately take my profit even though it was only around $1 - $5.
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taking small profits and leave early would be a good move in meme trading if you can spot a worthy coin first and yes, it is very risky and gambling at core.