I finally bought the Melania memecoin after hours of trying to swap, but I bought at $12, this was less than the price I saw trump, which I doubted but trump went to $75. I was thinking, what are the odds that Melania will get there, at least I expected half of that. Saw I bought some, after buying, I saw Binance future twitter account tweet. Binance future tweeted they would be listing Melania futures and that motivated me to buy more. I bought more, and guess what? It started dumping. I bought again at $11, but the memecoin kept dipping.
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Few hours later, I noticed the dipping never stopped, I checked trump, trump kept dipping too, I thought the inauguration was going to make it pump more, why is it still dumping? Well, this is crypto where Dog eat Dog, no one is coming for you, your profit is another person’s loss, your loss is another person’s profit. This is the reason you have to put “invest what you can afford to lose” in your mind. Dont always go all in, because its too risky, we regret we didn’t go all in when it goes as predicted, but we become grateful when it doesn’t go as predicted but we didn’t go all in.
Always risk moderately, and when you risk and you are in profit, take profit, the crypto Market has no friend, its going to take your money if you dont take profit. This is the reality of a lot of trump and Melania buyers, they bought but didn’t take profit.