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Investing in MEME coins may seem simple, but it actually requires a basic understanding of the project ecosystem. Many beginners fall into traps by blindly following the trend, ending up with disastrous losses.
My experience is: **Choosing the right chain is crucial**. Projects on BSC are relatively transparent in their rules, with low transaction fees, making it much more friendly for beginners. Some time ago, I bought 2000 units of a popular MEME coin before the market fully started to move. This move was quite in sync with the rhythm—now I’ve successfully bottomed out my principal and some profits, and I’m holding the remaining position to see how it performs later.
Here are a few practical tips I want to share:
**The first trap: Never chase high**. True excess returns are often hidden during the calmest market periods, when most people are still on the sidelines. That’s the golden window for strategic positioning.
**The second trap: Chain selection is decisive**. The Solana ecosystem is better suited for discovering mainstream projects that already have some popularity, while BSC is a master at incubating early dark horses. If you want to catch new trends, focusing on BSC now is a good strategy.
**The third issue: Information gap**. The flow of information in this circle is extremely fast, and being late to an idea can mean missing the entire wave. Communicating with experienced traders can save you many detours—learning from their failed cases is often cheaper than suffering your own painful lessons.