03-19-2022, 09:09 PM
Friendly Reminder: Investing In Memecoins Is A Bad Idea.
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/ti0rdv/friendly_reminder_investing_in_memecoins_is_a_bad/"> <img src="https://external-preview.redd.it/ZE9S9EWMxrpV4YF61_GrRa1NZd8T2RR0VtuPowb7r-k.jpg?width=640&crop=smart&auto=webp&s=19bc0bb5ad9f335cf7f177a4a304577423b1454f" alt="Friendly Reminder: Investing In Memecoins Is A Bad Idea." title="Friendly Reminder: Investing In Memecoins Is A Bad Idea." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>You can also <a href="https://ausaf-rashid.medium.com/investing-in-apecoin-is-a-bad-idea-heres-why-d896c27bc385">read this on Medium</a>, with better formatting. </p> <p>Ape coin is trending all over the place, so now would be a good time to look at the past performance of popular memecoins and see why it's a bad idea to ape into Apecoin.</p> <p><strong>Technical Analysis</strong></p> <p>"But that dogecoin guy became a millionaire by investing his life savings in cute doggo token". Well here's a chart for Dogecoin.</p> <p><a href="https://preview.redd.it/1mrvbri4ldo81.png?width=1020&format=png&auto=webp&s=0e3b93bea732d7693b0f879eb7a82ad0d74d4618">DOGE/BTC Chart | Binance | Heikin Ashi</a></p> <p>No surprises here. Dogecoin has been bleeding against Bitcoin for almost a year now. That means, investors who bought doge, took an <strong>incredibly</strong> higher risk(than btc investors) and got <strong>worse</strong> returns. I can't think of any financial asset with worse risk-adjusted-returns. In short, if you're investing in altcoins, you would want your alt to perform as well as BTC or better since they are inherently riskier.</p> <p>Here's a similar story for Shiba Inu:</p> <p><a href="https://preview.redd.it/vk43wo69ndo81.png?width=1180&format=png&auto=webp&s=cdd403bf08f3138d87b8d1bfa75a9865f3d6cbba">SHIB/BTC Chart | Binance | Heikin Ashi</a></p> <p>As seen in the previous chart, we can see an initial few days of hype, and then a continuous bleed against BTC.</p> <p><strong>Fundamental Analysis</strong></p> <p>-</p> <p><strong>Timing</strong></p> <p>Now is probably the worst time to invest in highly speculative assets. The terrible Russia-Ukraine war is happening, and the global economy and supply chains are heavily affected due to that. Taking an excessive amount of financial risk at this moment is the last thing you'd want to do.</p> <p>Lastly, if you're playing the short term game, you have already lost. Like all financial markets, crypto will transfer wealth from the impatient to the patient investor.</p> <p>TLDR: Don't buy ApeCoin or any meme-coins. You're likely going to regret it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Gaious_Octavious"> /u/Gaious_Octavious </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ti0rdv/friendly_reminder_investing_in_memecoins_is_a_bad/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ti0rdv/friendly_reminder_investing_in_memecoins_is_a_bad/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/ti0rdv/friendly_reminder_investing_in_memecoins_is_a_bad/"> <img src="https://external-preview.redd.it/ZE9S9EWMxrpV4YF61_GrRa1NZd8T2RR0VtuPowb7r-k.jpg?width=640&crop=smart&auto=webp&s=19bc0bb5ad9f335cf7f177a4a304577423b1454f" alt="Friendly Reminder: Investing In Memecoins Is A Bad Idea." title="Friendly Reminder: Investing In Memecoins Is A Bad Idea." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>You can also <a href="https://ausaf-rashid.medium.com/investing-in-apecoin-is-a-bad-idea-heres-why-d896c27bc385">read this on Medium</a>, with better formatting. </p> <p>Ape coin is trending all over the place, so now would be a good time to look at the past performance of popular memecoins and see why it's a bad idea to ape into Apecoin.</p> <p><strong>Technical Analysis</strong></p> <p>"But that dogecoin guy became a millionaire by investing his life savings in cute doggo token". Well here's a chart for Dogecoin.</p> <p><a href="https://preview.redd.it/1mrvbri4ldo81.png?width=1020&format=png&auto=webp&s=0e3b93bea732d7693b0f879eb7a82ad0d74d4618">DOGE/BTC Chart | Binance | Heikin Ashi</a></p> <p>No surprises here. Dogecoin has been bleeding against Bitcoin for almost a year now. That means, investors who bought doge, took an <strong>incredibly</strong> higher risk(than btc investors) and got <strong>worse</strong> returns. I can't think of any financial asset with worse risk-adjusted-returns. In short, if you're investing in altcoins, you would want your alt to perform as well as BTC or better since they are inherently riskier.</p> <p>Here's a similar story for Shiba Inu:</p> <p><a href="https://preview.redd.it/vk43wo69ndo81.png?width=1180&format=png&auto=webp&s=cdd403bf08f3138d87b8d1bfa75a9865f3d6cbba">SHIB/BTC Chart | Binance | Heikin Ashi</a></p> <p>As seen in the previous chart, we can see an initial few days of hype, and then a continuous bleed against BTC.</p> <p><strong>Fundamental Analysis</strong></p> <p>-</p> <p><strong>Timing</strong></p> <p>Now is probably the worst time to invest in highly speculative assets. The terrible Russia-Ukraine war is happening, and the global economy and supply chains are heavily affected due to that. Taking an excessive amount of financial risk at this moment is the last thing you'd want to do.</p> <p>Lastly, if you're playing the short term game, you have already lost. Like all financial markets, crypto will transfer wealth from the impatient to the patient investor.</p> <p>TLDR: Don't buy ApeCoin or any meme-coins. You're likely going to regret it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Gaious_Octavious"> /u/Gaious_Octavious </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ti0rdv/friendly_reminder_investing_in_memecoins_is_a_bad/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ti0rdv/friendly_reminder_investing_in_memecoins_is_a_bad/">[comments]</a></span> </td></tr></table>Kind Regards R