Truly believing in a meme
Means getting excited when it drops
Means buying more instead of selling at a loss
If you buy a meme intending to hold long-term
You must have recognized its core
Community, concept
A good meme, if it’s a golden dog, will definitely give you many opportunities to get on board before it takes off. Speculators might leave because the price drops, so they miss out on the investment from the trough to the peak. They can only earn from chasing the rise.
So distinguish whether it's speculation or true belief; if you buy a meme, it's speculation waiting for its main surge to come. If you chase in, you’ll need to exit when it’s wildly pumped. Because when it drops, you will definitely sell at a loss.