Truly being optimistic about a meme
Means getting excited when it drops
Means adding to your position instead of cutting losses
When you buy a meme intending to hold long-term
You must have recognized its core
Community, concept
A good meme, like a golden dog before it takes off, will definitely give you many opportunities to get in. Speculators might leave because the price drops, so they miss out on the investment from the trough to the peak. They can only make money from chasing the rise.
So distinguish between speculation and true optimism; when you buy a meme, you are speculating, waiting for its main surge. If you chase in, you should exit when the price surges wildly. Because when it drops, you will definitely cut losses.
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