Is Meme coin copy trading actually profitable?
I want to start out with small amount of money just to make enough to live off whilst im still in school but will i not just be used as exit liquidity by devs or first buyers, also even if I copy trade successful wallets wont they also be using me as exit liquidity if they multi wallet which im pretty sure all of them do?
Any tips appreciated
Posted by 795150153
3 Comments
I only can report from my experience in r/CrypoScams that I have seen many, *many* scams associated with this model, and I would urge you to tread cautiously. Even the non-scammers, if any exist, aren’t usually going to benefit you.
It can work, but most people don’t realize they’re usually copying entries, not exits.
By the time something looks profitable, the real edge is often already gone.
No. Most wallets seemigly worth copy-trading are baits. The owner first buys with another wallet, then with the copy trade wallet which triggers 1000 copiers buying. That’s what pumps the coin. All while the original wallet first slowly dumps to your buys and then the final rug. I thought this was obvious.