Why you must concentrate on Bitcoin and Bitcoin alone
Each week, it appears a brand new meme coin comes onto the scene, promising progress. Social media is stuffed with it: somebody turned $100 into $1 million with a coin named after some animal or a joke. However the actuality: nearly all of those cash are destined to change into nugatory, leaving a path of empty financial institution accounts and damaged hearts. In the event you’re critical about making a living on this area, you must ignore the noise and concentrate on the one asset that issues: Bitcoin.
The Rug Pull
Let’s talk about the elephant within the room — meme cash aren’t investments. They’re schemes designed to separate you out of your cash. The overwhelming majority of those tokens are created by nameless builders who maintain a lot of the provide. The hymn sheet is all the time the identical:
- Launch a token with a humorous title.
- Pump it on social media with memes and pretend hype.
- Appeal to retail traders hoping for a fast 5/10x.
- Dump their cash on the brand new consumers.
- Disappear, leaving the neighborhood holding nugatory luggage of vile excrement.
For each one who posts a screenshot of a life-changing win, there are 1000’s who lose every thing. There’s…