some truths about memecoins-tradin' (on Solana): (not-reccomended at all.... dyor)
firstly - it's important to know - that solana keeps most of your fees for you to claim-back - (!) https://claimyoursol.com/ check-it-out
also good Callers many-times might call a coin that'll rug soon ...
(but actually, was a good time to buy after dev sold.....)
Photon is great, b.t.w., they only let you share win-trades....
Launchin' your own Memecoin hoping for everyone to join instantly is a great Idea !
Eventhough launching tokens can be fun - first you must understand that there are many different ways and blockchains available for many sorts of digital creation, monetized and tokenized in many different way and as dozens of thousands new meme-tokens emerge out-of-thin-air and up online forever.. probably - every day, we must remember how much of a hard work it is to launch a succesfull memecoin.. or even a decent token hodling some decent value-locked and appreciated for collecting in the long-term . .
as this market is a digital-jungle - competition is great, many people worldwide share the dream to make some digital-art worthy and precious as they all are - but in the cold-fact-reality - this market is mostly effected by strategic commercial efforts orchestrated by many groups of big-players-creators in this space . .
So, It's true that's a great Idea to launch your own memecoin and hope everyone joins in - but that's not a profitable idea whatsoever... - many people think it's so easy and wonder will they be nice enough to not sell their vast holding portion at great profits "like all those rugs" - but to understand the market you must understands what the rugs are - those are projects that launch with intention to be starring very short time - than ditch making profit on expense of the few first incoming holders of this new token . .
other than that - are big-whales making they're impact on those tiny-markets.. - as anyone with a rather reasonable sum can become a "whale" on this charts - it attracts many to try and play with their money on solana to figure out if they can make a big win ... usually on more than 90% of the occasions - losing all their solana or at least 90% of it . . - as the dust settles - some get addicted to it like gambling and others simply quit and never come back . .
There are some decent youtubers and trading groups that worth checking out - and learning about it together is the best advice, don't just be lone-wolf-trader - get-connected and share experience
i was checking out this one: - it seems they offer a nice plan, haven't checked out - we also have a possibility to join our early-vibes - checkout "roadmap" page - it's still a pilot - so we're u/a here and just sharing:
still remember, you don't have any "friends" in the trading community - as all are "players" in the scene focused on taking-profits..... watch out that you don't pay crazy costs for joining a trading-community - compare between much possibilities, try first the free communities and ask for recommendations
T radin' is hard, mentally mostly - you must learn to accept big losses some times, you must build a long-erm plan, must not depend completely on trading even if you're on a win-streak... but if you learn to master this art - and learn to continue with a healthy and profitable trading-routine .. they say the sky is the limit (but we all know that only the price's the limit..) - so as writing this still being a beginner-trader - there's always a lot of new things to learn.
holding memecoing for the long-term is also a challenge - you can find yourself holding thousands of tokens for tiny-sums each - maybe one-day one of them will revive ? the chance is small - as there are new ones everyday and new strong ones and "stars" - this market is the least stable one there is . . . . so holding those for long - is a challenge....
altcoins, crypto, btc, stocks, forex, it doesn't matter what you're trading - as long as you continue to learn, practice, be consistent with your strategy, don't change it all just fine-tune - don't give -up - if you're trading .. but don't develop too much hope - patience is the key - and is harder to achieve than we usually think . .
yada yada - alright - that's today's article, hope you enjoyed . . that one was for traders, degens, enthusiats, historicalogical etc.
If you have any interesting stories about the young legacy of this scene - any insights - anything you want to share, more warnings or anything more - feel free to e-mail us, also if you're trying to launch some long-term-community tokens like we promote also - our e-mail is - Guakasocial@gmail.com - thank you and good tradings to all traders, good learnings to all learners, good feeling for everyone
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