I invested on Coinbase and put £1 as a joke on a meme coin, and now it’s worth only 50p. Other coins I’ve invested in have experienced similar losses.
For example, I’ve put £100 into a separate coin, and if I were to sell it immediately, it’s only worth £50. Am I missing something? This feels like a scam, but I know I might just be ignorant about something.
You didn’t invest; you gambled.
Welcome to meme trading. Buy high and sell low. Looks like you’re a natural.
You were exit liquidity.
Well, there’s the joke! Haha, invest in shit coins and that’s the outcome.
Meme coins are NOT investing. Wake up, gambler!
There are transaction fees and gas fees depending on the blockchain. Do you have a receipt from your purchase that shows a breakdown of what you paid? How much did you actually pay for the coins versus fees? Prices can be very volatile, and you might have bought something you shouldn’t have at a bad time.
You need to consider slippage, market buys, and spreads.
Don’t buy meme coins.
I hope you’re pretty, because your brains might not get you far in this market.