Currently crypto has become a potential field from which many people are benefiting by investing. It is true that many people are constantly profiting by adopting various strategies from here and it is even more true that many people are losing everything by investing in crypto without understanding or by investing greedily. To tell the truth, many of us invest because of greed or hearing success stories of others, but here they lose their hard-earned money due to various reasons because of investing without adopting any strategy or understanding about the market. There are many reasons for this but one of them is that many people get greedy and invest huge amounts in dangerous coins like memecoin and lose their hard earned money.
[source](https://pixabay.com/photos/trading-stock-chart-finance-8774164/)
Before investing in MemeCoin, you must understand the risks of this coin. Because while there are a few good memecoins in the market, there are many memecoins that can turn you into a fakir in no time. It is true that such coins bring good quality returns but you also have to accept that there are many coins in the market that can turn you into a fakir in no time. But before investing in all these coins you must know well about these coins and who is working behind it or what is their fundamental basis and it is not possible to survive in the market or what is the market cap and market supply and any good or bad news about it. Should know if there is. Otherwise you may lose your entire money.
Most of these types of coins are very risky. However, there are very few coins that are exceptional and can give good quality returns. But there are thousands of memecoins in the market. Not all of these will benefit you. If you look closely, you will see that there are many such coins that go up a lot in a moment and then go down several times when the price goes down. There are even many coins that fall by multiples of 100 or more. These are many fraudulent cycles in the market with a purpose to achieve their own objectives and when their money objectives are met they grab many investors' money with a dump.
So I think you should know the risks before investing in these coins. And all these points need to be invested just as much as you will have no problem losing. That is, it is much like lottery or gambling. So all these points should be well known before investing. Otherwise don't get greedy and invest in these coins as you will find many such memecoins in the market most of which will lead you to lose your money. So investing in these coins is totally risky.
