Oddbean new post about login | logout Here's the cold hard data about memecoins: • 60% of traders LOSE money • 4.7% break even • 24% make less than $100 • 11.2% make more than $100 • 3% crack $1,000 • Only 0.5% hit $10,000+ Look closely — 90% of traders either lose money or make less than $100. Any wonder the public see it as a scam
Whereas >90% of Bitcoin hodlers see their purchasing power increase 🔥
Gamblers don’t want protection. They want to gamble. Casinos literally state that the house always wins. With enough time, 100% of the time. Gamblers still flood their halls. To be fair, gambling can be really fun for those that gamble what they can easily afford to lose. As long as there are casinos & online sports betting, there will be shitcoins.
It is a scam. Why wouldn’t people see it for what it is?
Source?