Good news, I finally made money from memecoin this year and I will tell you that it is very very exciting, but if you are trading on the Ethereum blockchain, be ready for some very high gas fees especially this period we are having a lot of Ethereum activities making the gas fees extremely high. I can’t believe I just spent $21 in gas fees to swap my token to ETH, that’s a lot of money. But I didn’t mind because I really had to take profit, I have promised myself that those days of not taking profit has to end, I have to learn to take profits. But with the high gas fees, I am not so in love with participating on that blockchain because I am already at a $30 loss from gas fees alone.
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In the crypto space, every dollar matters, I have always told myself that the only regrets I want to have in my crypto journey is the regret of selling too early, rather than having regrets of not selling at all. That has happened to me too many times and I am tired of having such regrets. I invested $33 into this project and left with $102, which is a huge win for me right now. The crypto market has been on an uptrend for sometime right now, we are seeing Bitcoin at above $80k, is this the bull run we have been waiting for?
Here are few lessons I have learnt, having to lose one of my biggest investment on a coin, I will say don’t be too much in a rush to invest, always be patient and wait, do your research properly and don’t forget to risk what you can afford to lose. I don’t know what this bull run holds for me, but I am patient with whatever it brings and I hope it brings massive wealth for me. Thank you for reading my post.