Parrish said:
What am I doing wrong with memecoins
Read it again.
Thatâs why I wrote it man, to remember it.
Those arenât real memecoins; those are crypto frauds pretending theyâre making memecoins. Doge, Shib, Pepe are all real memecoins; youâre gambling. Itâs like playing poker on PokerStars versus some scam websiteâyou know thereâs a small chance you might be able to get it out, but the chances are you lost it.
Parrish said:
What am I doing wrong with memecoins
Read it again.
Thatâs why I wrote it man, to remember it.
Get on some solid meme coins. MOG, WIF, SHIB, BONK or some that have functions: GUMMY, TOOKER. My strategy is to try and predict a certain meta (politics, cats, etc.) and buy before everyone else and hold. Bonus points if itâs been chopping sideways for a while.
Bro, trust me, it takes a while till you learn how to make money. You will take so many losses before a win. Iâve been living in the trenches for the last three weeks.
To sum it up on how to get better chances of success:
Stay away from things that arenât launched on pumpfun; at this point of the cycle anything thatâs launched the âright wayâ probably wonât make it far and itâs already been sniped by bots that will dump on you.
Have two monitors.
Check the TG, website, socials.
Check dev wallet for previous rug.
Check dev wallet bubbles to see if he controls a lot of coin.
Donât buy too late, donât sell too late.
If it doesnât feel right, donât buy in.
If you sell and make a profit, walk away; donât double dip.
If coin bonds to Raydium, be sure dev pays for DEX screener; if he doesnât, the coin is good as dead.
Follow the meta.
If you see a pump fun and click the link and the Twitter is verified, donât buy it.
If the Twitter says âsuspicious activityâ, donât buy it.
If the coin starts with âbookâ or âmuseumâ, stay away.
If the Twitter hasnât posted the pump fun link, stay away.