If you're involved in the world of cryptocurrencies and your star investment is a memecoin featuring a dog, a frog, or any other nonsense, congratulations: you have just officially declared yourself a voluntary donor of money. Don't fool yourself, you're not 'investing', you're financing the next yacht of some anonymous person on Telegram who sells you the idea that their coin 'is going to the moon'.
Memecoins have no utility, backing, or future. They are a lottery where 99% lose, and the 1%—who bought before you—fills their pockets with your naivety. But of course, you are different, you found the next Dogecoin, right? Keep dreaming.
Every time you buy a memecoin, you're not betting, you're begging for someone even more foolish to come after you and pay more. And when the bubble bursts (because it always does), you will return to your tight salary life, but this time with a useless NFT as the only reminder of your financial adventure.
Keep buying memes, after all, someone has to be the fool in this story.
