This is a notice I originally posted in my Telegram group, but since I never shared it on X, I wanted to post it here as well.
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This might sound a bit negative toward memecoins, but I just wanted to share my personal thoughts.
I believe memecoins are ultimately closer to speculative, Ponzi-like assets driven by hope.
Most memecoins have no intrinsic value or sustainable cash flow. Their prices are built on the expectation that more people will become interested in the future, and that someone else will eventually be willing to buy at a higher price.
People enter hoping for a 10x or even 100x return, while those who got in earlier often realize profits using the liquidity provided by later participants.
In the end, it's not a structure where everyone can make money.
That doesn't mean I think memecoins are inherently bad.
People naturally pay for hope and possibility. They buy lottery tickets, bet on sports, and invest in startups that haven't proven anything yet.
I see memecoins as the market where that aspect of human psychology is expressed in its fastest and most extreme form.
The important thing is not to fool yourself into believing this is a stable investment.
Always ask yourself what you're actually buying, why you believe the price could rise, and who will eventually be willing to buy your bags at a higher price.
A strong narrative, a growing community, attention from influential people, or new liquidity entering the market can all send prices much higher.
But the moment that collective belief disappears, things can collapse much faster than most people expect.
I trade memecoins myself, but I never fall in love with a coin or believe it will go up forever.
To me, success in this market isn't about holding onto hope. It's about understanding what kind of hope people are buying before everyone else does.
At the end of the day, memecoins are a market that sells dreams.
The only question is when people will wake up from those dreams.
That's why I don't judge a coin simply by whether the meme is funny or entertaining.
I pay attention to who's behind it, who is creating attention around it, and what kind of track record those people have.
I also try to understand why people become emotionally attached to a meme, what narrative is forming, and what events could make even more people want to buy into it.
Ultimately, I don't place my faith in the coin itself.
I place my attention on how expectations are created, spread, and sustained.
The real challenge is judging how long those expectations can survive, whether they can continue attracting new participants, and when it's time to exit before that belief begins to fade.
Because of this structure, I completely understand why many people have a negative view of memecoins.
Honestly, I think that perspective is perfectly reasonable.
So even if I talk about different coins while trading on DEXs, I hope people don't interpret that as a recommendation to blindly buy them.
The narratives I see could be wrong.
Unexpected events can happen.
Most of the coins I buy may ultimately disappear.
I'm just another degen who can be wrong at any time.
Rather than buying something simply because I mentioned it, I'd rather people do their own research and make decisions within the level of risk they can personally afford.
At the end of the day, both profits and losses belong to each individual.
I'll continue sharing the narratives I find interesting and the observations I make while actively trading, but I can never guarantee the outcome.
If you want to survive in this giant Ponzi-like casino for the long run, I believe the most important thing isn't finding someone to follow.
It's developing your own framework for making decisions.