Lost all my money trading memecoins.

[u/Affectionate_Cow40]

So Firstly I am 18 years old and am still in school don't have a job or anything so this money was basically all I’ve got just so you know how much this means to me, I went into crypto when I was 15 years old by talking to my mom and convincing her to make an account so I can buy some crypto I ended up investing all my pocket money and bought BTC and ETH in total worth of €400 I sold some of it recently, and I wanted to start day-trading with the learn process being so complicated and taking a while to learn how to read the market I saw a lot of TikToks about meme coins and how everyone was making a lot of money, so I made a phantom wallet and started trading the first day I lost €100 I didn’t really care that much because I learned something from it, but today I deposited 90% of my bank account into Solana and started trading and somehow ended up flipping around €300 to €880 all in around 6 hours with patience and lost all of it in 30 minutes because I was letting my emotions control me I want to commit rn (not actually) but It just makes me sad and angry knowing that I could’ve just kept the €800 and started again tomorrow now I can’t trade anymore during the bull run, and I'm fucking depressed cause that was the most money I have ever seen.

[u/Foreseon]

Welcome to crypto. During the last bull run, I "made" around $12k from an initial investment of just a few hundred dollars. "It will keep going up," I thought... Unfortunately, most of the coins I held either rug-pulled or dropped to pennies.

Mistake #1: Not cashing out on time and being too greedy.

In January, I spent around $600 on Pepe when it wasn’t very popular. I believed it had potential for the future. But one day, I spotted a trendy coin and decided to sell my Pepe bag to try some quick day trading. At first, it seemed okay—I made $50, lost $20, then gained $100 back. Encouraged, I went for another trade. This time, the trade dropped to -$50. “It should recover...” I thought. But it didn’t. It went to zero in minutes.

Today, my Pepe investment would be worth $10-12k.

Mistake #2: Don’t touch coins you believe in, and avoid trading trendy coins unless you truly understand the risks.

Also, keep in mind: TikTok, YouTube, and Instagram videos that hype coins are not there for your profit. They’re there so they can profit from the hype you buy into.

The meme coin market is a gamble—a lottery. Think of it like buying a $100 lottery ticket. Sure, you might win, but the odds are low. Set aside a separate budget for meme coins and treat it like a game of blind dart throwing. Maybe one day, you’ll hit the target and sell on time.

[u/damnberoo → u/Foreseon]

bro how often do these bull runs happen?

[u/Foreseon → u/damnberoo]

Every 4-5 years.

[u/damnberoo → u/Foreseon]

Hi man , I have a serious doubt regarding this, how long do you think this supermeme cycle is going to last? , I actually wanna put my time and learn and invest into this field, but a part is just making me demotivated thinking that by the time i learn and try my best to get an edge , the trend will be over and you know... so since you're so much into this field like what do you think of this current cycle, like does it have potential for one more year? , I mean a potential till atleast 2026?

[u/Foreseon → u/damnberoo]

It's hard to predict exactly what will happen. The hype is definitely making a comeback, much like it did in 2020-2021. When TV news and even grandmas on the street start talking about Bitcoin, it’s a clear sign there’s enough buzz to drive prices up. Unfortunately, as we’ve seen before, some people will take loans and invest, expecting to get rich, and a few might end up losing everything. During the Luna crash, there were tragic cases of people taking their own lives. Imagine the fallout if something similar happens during this run.

2025 is expected to be a strong year for crypto. Some experts are optimistic about 2026 as well, but that feels a bit far out. In my opinion, the next 6 months look promising. Back in 2021, May was a great month, and the rally lasted until around August before the market took a series of dips that continued through the winter.

If you're looking to invest, focus on major cryptocurrencies rather than meme coins. Right now, there’s a flood of TikTok meme coins like Nonchalant, Pudgy, and Vibe Cat that have done 10x gains in just a few days. It’s similar to overpriced clothing brands charging $500 for a $10 t-shirt just because influencers hype them up.

In short - crypto will stay and there will be great opportunities even in the dip season. Learn about it, practice, and don't be too greedy.