99% of People Lose Money on Memecoins, Says Investor NTmoney
Investor NTmoney warns that 99% of people lose money on memecoins due to zero creation costs enabling extractors to lure in new victims with narratives that 'this time is different.' The statement, retweeted by 1confirmation, highlights the persistent cycle of losses in the memecoin market.
99% of people lose money on memecoins. Until more people discuss this, there will always be a new narrative for extractors to suck people in. They always say this time is different. Spoiler alert: it’s not.
99% of people lose money on memecoins when the cost to creating them is 0. Until more people discuss this, there will always be a new narrative for extractors to suck people in. They always say this time is different. Spoiler alert: it’s not.
99% of people lose money on memecoins when the cost to creating them is 0. Until more people discuss this, there will always be a new narrative for extractors to suck people in. They always say this time is different. Spoiler alert: it’s not.
RT @NTmoney: 99% of people lose money on memecoins when the cost to creating them is 0. Until more people discuss this, there will always…