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Could it be that many of us were wrong, and that memecoins are a good gateway for new investors?

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by COINS NEWS 86 Views

I've never taken memecoins too seriously, I've never been interested in them, I've never invested in them, but I noticed something from my own experience with newbies.

Considering that I am known in my friend circle as someone who understands cryptocurrencies (none of them had a clue when they started, I was their best info source sadly, those poor people...), they would always ask me for advice, instructions, which exchange to use, which coins to pay attention to, etc.

Regular questions from new people. And I was more then happy to help, with one rule, I am not telling them where to invest and that is their choice.

I explained why BTC and ETH are the strongest currencies, what is DCA, how to store your cryptocurrencies, which wallet to use, etc.

Fast forward, all my friends and friends of my friends and their colleagues, from what I've seen, have invested in memecoins...coins like SHIB, actually literally SHIB and other ones.

Standard behavior, I thought. They will invest in memecoins, shitcoins, they won't earn anything, they will lose, they will complain to me later, from 5 people, there will be one left that will keep investing in crypto.

However, after a few weeks I started receiving messages and calls for "advice" (I can't even advise myself well, but okay, they stuck with me) for coins: ADA, AVAX, SOL, LINK, MATIC etc.

I was pleasantly surprised. They still hold shitcoins and memecoins though.

One of them even made a nice sum of money on some random shitcoin. A beginners luck I guess. Gambling luck.

He took a little money to the bank, invested a little in some more serious projects, a little more in some other shitcoins. But progress is visible.

I have always been of the opinion that memecoins destroy new investors in cryptocurrencies, to drive them away, because they come, get burned and think that crypto is a scam.

However, my friends and their colleagues are all aware of the risks and don't invest large sums of money, but some smaller ones, they play, and that then leads them to more serious projects. I'm really surprised.

I understand that there are a lot of people who go all in, like they are crazy, in some random shitcoin, but those people are gamblers. It is the same situation when they go to casino and put all on red or black, whatever.

I am not a supporter of memecoins. I just want your opinion, and a debate.

So, people may be starting with memecoins, and then eventually "transfer" to more serious projects and better understanding of crypto. Could it be that we were wrong and that memecoins are an excellent entry point for bringing in new people?

submitted by /u/middlemangv
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