What I Wish I Knew Before I Got Into Crypto

We’ve all been there.

You see a coin with a wild name.

The chart is green.

The community is loud.

And part of you thinks: What if this is the one?

You tell yourself it’s just £50. Maybe £100.

Just for fun.

But behind every “just for fun” is someone who clicked too fast —

and watched their money disappear like smoke.

Before you buy that memecoin, pause.

There are things you must check — things no one warned me about at the start.

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Who Owns the Tokens?

Every memecoin has a total supply — maybe 1 billion, maybe 1 quadrillion.

But the question is: Who owns most of it?

Smart traders check token holders before buying.

If one wallet holds 50% of the supply, run.

If ten wallets hold 90%, think again.

Use Etherscan, BNBScan, or Solana Explorer (depending on the chain).

Paste the token’s contract address and check the “Holders” tab.

If the top holders can dump, they probably will.

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What Does the Smart Contract Say?

You don’t need to be a coder.

Use tools like TokenSniffer or GoPlus Security.

Look out for:

• Trading freeze functions

• Owner control over taxes

• Ability to block wallets

• Liquidity removal options

If the contract allows any of these — it’s risky.

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Is the Liquidity Locked?

Liquidity allows you to sell.

If it’s unlocked, the dev can remove it.

If it’s locked, there’s less risk.

Check it via:

• DEXTools

• Team.finance

• Mudra

Find how much liquidity is locked — and for how long.

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Is the Market at the Bottom or the Top?

Ask yourself: Are you early… or late?

Top signs:

• Viral buzz

• Influencer hype

• Volume spikes

• Price shooting up

Bottom signs:

• Low interest

• Slow growth

• No hype

• Quiet chats

If it’s trending, you’re likely too late.

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Real Story: The Girl Who Bought the Top

She bought ElonMoonRiseX1000 for $300.

In 24 hours, her wallet showed $18,000.

But she couldn’t sell.

The contract blocked all trades.

The dev vanished.

The liquidity was gone.

Her lesson?

Don’t buy what you can’t exit.

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How Much Should You Invest?

Only what you’re ready to lose.

Memecoins aren’t investments.

They’re high-stakes games.

Set a number. Stick to it.

Never add more just because the chart is green.

And always have a plan to exit — even before you buy.

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Final Thoughts

Memecoins are fun.

They’re fast.

They’re wild.

But they’re also unpredictable.

The real win is keeping your money safe —

and learning before it’s too late.