Trading Memecoins Can Be Very Profitable But 😵🙄

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Memecoins attract more investors because of the way some lucky traders have become millionaires overnight. Honestly, I think these stories can make anyone tempted to try their chance.

If you are a Twitter user and follow crypto topics, chances are you have probably seen at some point several posts of users flaunting their fortune made by trading meme coins. I personally lost more than 400 Dollars in less than 48 hours by trying to invest in some random memecoin.

There is no denying that some lucky investors really make a lot of money by trading meme coins, but no one seems to disclose their losses. It's a game where everyone seems to be on the winning side. In reality, more than 95% of memecoin traders lose money. Yeah, a lot of money. Of course, you won't see as many headlines citing people losing money because they generate fewer clicks for news outlets and fewer likes & engagements on Twitter.

The reality is that there are more losers than winners, but the media and social media buzz make it feel like otherwise.