The crypto market does not hold back and it can be ruthless for those who are hoping to get rich overnight. With Trump-themed coins dominating the market again, the past is repeating itself, with a handful of winners and a whole lot of losers.
It's amusing that as I pen this, everyone in the crypto gets ultra-pumped. New meme coins based on trump are appearing from here and there and everyone is rushing in like how college students do when there is a free pizza. Just the cast has changed in this case.
In plain terms, while some fortunate individuals cheer for Trump meme coins, the majority of hopefuls have become nothing more than a means of liquidating their investments for the smart traders. They serve as automatic teller machines for the skilled traders who know when to make the exit.
When coins surge by 1000 percent within a day and celebs start posting about it, FOMO is definitely real. It feels like a gold rush is happening at that moment. But this is where people lose this game and are left with nothing.
1. Zero Risk Management
This is like skydiving without checking your parachute. I’ve seen people put their entire savings into a coin just because someone on Twitter said it would “moon”. No stop losses, no position sizing, nothing. That’s not investing - that’s gambling with extra steps.
2. Pure Greed Takes Over
We’ve all been there. Your $100 turns into $1,000 and instead of taking profits you start dreaming about millions. Next thing you know you’re back to $50. Greed makes us forget the crypto market gives and takes away faster than a toddler sharing toys.
3. Emotional Trading
The market will punish emotional decisions. That panic sell before the pump? Those FOMO buys at the top? Trading with emotions is like grocery shopping when you’re hungry - you’ll make bad decisions every time.
4. Buy High, Sell Low
It’s amazing how many people have mastered the art of buying at the top and selling at the bottom. When prices are going up everyone’s a buyer. When they’re crashing everyone’s a seller. It’s literally the opposite of what you should do.
Here’s the reality: For every person showing off their gains on social media there are hundreds who lost their money and aren’t posting about it. The crypto market doesn’t care - it will take your money if you don’t know what you’re doing.
The current meme coin mania, thanks to Trump tokens, is just another page in the same book. A few are getting rich, while most are getting their accounts drained faster than a phone battery on TikTok.
So what’s the moral of the story? If you’re getting into crypto, especially these hyped meme coins, remember this: The market will test not just your strategy, but your psychology. It’s not about being smart - it’s about being disciplined and patient.
Before you ape into the next hot meme coin or follow some influencer’s “guaranteed moonshot”, understand the crypto market will do what it does - create a few winners and many losers.
Catching every pump isn’t winning. Surviving long enough to catch the right ones is. And sometimes the best trade is the one you don’t make.
Stay safe and maybe keep some money for actual food.
The image used is AI generated.
Posted Using INLEO