This is the first page you need to see if you are starting memecoins. Here I will answer every possible question and tell you all the basics that you need to understand before you start trading.

Basics.

1. Why should I care? Short answer: Money. Long answer: Currently memecoins are the quickest and probably the easiest get rich scheme. Anyone can do it, even high-schoolers become millionaires. Don’t miss this golden opportunity.
2. What are memecoins? Short answer: Cryptocurrency. Long answer: Memecoins are different from your typical crypto in a sense that they don’t try to solve anything or provide any value. Anyone can create a memecoin and they are just purely speculative instrument.
3. Are memecoins a scam? Short answer: No. Long answer: There are a lot of scammers in this space. It is not regulated, so a lot of memecoins are rugs, pump and dumps etc. But there are also a lot of memecoins that are not scams. Some of them go to billions of dollars in mc. If you are long enough in this space, you can almost instantly distinguish scam from non-scam coins.
4. I heard that only insiders can make money? Short answer: No. Long answer: There are a lot of coins that have a lot of supply preallocated by insiders. Anyone can actually launch their own coin and become an insider. But there are also a lot of traders who win a lot of money without any insider info. I made my first $100,000 without knowing a single person in this space and having 0 inside information.
5. But without inside information isn’t it just gambling? Short answer: Yes. Long answer: It is gambling. But people assign ****negative connotations to this word. In reality gambling just means risking something in order to gain something. If you learn how to gamble the right way, you are going to win massively in the long run.

How to start.

1. How much money do I need to start? Short answer: Any amount. Long answer. I started with 1 $sol, so this is enough. If you can’t risk that much, you can even start with 0,5 $sol. But I don’t recommend going even lower, because the fees are going to eat all your profits. Also don’t risk all your money. If 1 $sol is too much for you to lose, first find a job or any other way to save enough money before you start memecoins.
2. How do I buy crypto? Short answer: Any crypto exchange. Long answer: There are many ways to buy crypto, you can use any. The easiest is to go to any major exchange: Binance, Bybit, MEXC etc. Then go to P2P and buy USDT with your real money.
3. How do I buy memecoins? Short answer: Just buy it. Long answer: Exchange USDT to SOL on any exchange. Create a Phantom wallet. Send funds to your Phantom wallet. Then send funds from Phantom wallet to any bot for trading memecoins.
4. What bot should I use? Short answer: Nova - https://t.me/TradeonNovaBot?start=r-3GDOLB9C or Photon https://photon-sol.tinyastro.io/@Indra Long answer: You should try different bots and choose the one you like the most. But for starting I recommend either Nova or Photon. Nova is the fastest one. And Photon is also fast and have great interface and everything you need. I will write a full comparison of many popular bots later.

What you shouldn’t do.

1. NEVER EVER FULLPORT OR EVEN BUY MORE THAN 10% OF YOUR PORTFOLIO. If you only take one point from this guide, remember this one. This is probably the most important thing in trading memecoins. For me it was obvious, because of my math + poker background. But I was very surprised how many people in memecoin space don’t understand this. Survive to trade another day. Even if you are the best at finding good memecoins you will 100% lose in the long run without proper risk management. I recommend risking even less, no more than 1-5% per trade. (Also when you understand the game, you will be surprised how fast your port grows even with buying only 3-5% per trade).
2. Don’t copytrade. Track wallets instead. Firstly, when copytrading, you don’t learn anything. Secondly, if you always buy and sell after someone, you are going to just lose money. Also they are going to rinse and farm copytraders.