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To new-memecoin investors, I have a question: Let's say all of the meme-coins you buy drop in value by 99% in 2-3 years. If you make money off of them now, do you feel any moral qualms about profiting from selling?

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by COINS NEWS 38 Views

Title.

I lean towards being a bitcoin maxi because there is lower volatility and at times when it has massive drops, that tends to be the safer time to buy and get ready to profit a few years later.

When new people ask me about crypto I always tell them, "Financially the safest investment you can do is just DCA into bitcoin for several years." But I knew a guy who went out and bought a coin that was a spin off of one of many types of doggy coins. He didn't lose ALL of his money, but the charts for that coin.

So, to rebuff the question: let's say the coins with cats, dogs, ducks, frogs or whatever you are buying go down in value by 99% in a few years. You make a decent chunk of change this year off of them, but other people clearly lose money. Do you feel any moral issues with this?

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