Guys! I'm telling you that today I wanted to try trading Memecoins with a Solana bot. After watching a couple of videos on Youtube I decided to experiment with it. From that little experience I can say several things:
1. Yes, you can make money trading memecoins. But the tools to save time (a matter of seconds) are somewhat expensive.
2. You need a halfway decent computer and a flawless internet connection to open buy positions before pumps and close before dumps.
3. To make it worthwhile, you must open positions of at least $10; this way, the commissions charged by Solana are accounted for.
4. The adrenaline of opening those positions is quite thick haha, you actually feel like you're gambling. But here, in a matter of seconds, you could have $50 with 10 or end up with $0.0001 in those same seconds.
5. You really need to study the new cryptomemes that are launched every second, taking into account market cap, volume, number of holders, number of tokens, etc. There is a lot to learn.
6. You can spend hours studying the memecoins and trying to identify more or less repetitive patterns (after all, those who program are human).
7. I lost $10, which I recovered by making sports bets hahaha. Crazy, buddy 😂
8. It's clear that it requires a lot of study and definitely having money that we are willing to lose so that emotions don't lead you to open or close a position at the wrong moment and cause you losses.
9. It's incredible how easy it is to create cryptomemes in a matter of seconds with very high capitalizations. Definitely, once you manage to make money, it's much easier to multiply it.
10. Don't be swayed by many loudmouths on social media. If someone tells you they have the magic formula to make thousands of dollars in a matter of minutes, it's because the main ingredient of that formula is you 😅
That's all. Back to Square.
