Why it’s good to give attention to Bitcoin and Bitcoin alone
Each week, it appears a brand new meme coin comes onto the scene, promising progress. Social media is filled with it: somebody turned $100 into $1 million with a coin named after some animal or a joke. However the actuality: virtually all of those cash are destined to turn into nugatory, leaving a path of empty financial institution accounts and damaged hearts. If you happen to’re critical about making a living on this house, it’s good to ignore the noise and give attention to the one asset that issues: Bitcoin.
The Rug Pull
Let’s talk about the elephant within the room — meme cash should not 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 many of the provide. The hymn sheet is at all times the identical:
Launch a token with a humorous identify.Pump it on social media with memes and faux hype.Appeal to retail buyers hoping for a fast 5/10x.Dump their cash on the brand new patrons.Disappear, leaving the neighborhood holding nugatory baggage of vile excrement.
For each one who posts a screenshot of a life-changing win, there are 1000’s who lose the whole lot. There’s…
