Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: robelneo on June 06, 2024, 11:38:37 PM
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We are in the meme trends and this is by far the longest trending model in the Crypto ecosystem, but investing in meme coins has a lot of risks attached to it, it's not always profitable.
There are more losers and very few winners investing in meme coins.
This article will give you a peek at the meme coin industry and exposes memes as an intricate investment that you will encounter.
Anyone can create an online persona and disappear after conducting a successful memecoin scam. The same person can return the next day under a different pseudonym and a fresh memecoin. There were 19,000 new memecoins created this week. It seems unlikely they were all created by first-timers.
5 dangers to beware when apeing into Solana memecoins (https://cointelegraph.com/magazine/5-risks-apeing-new-solana-memecoins/)
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Just like gambling, what we usually hear as very successful memecoins actually just represented a small percentage of all the memecoins introduced into the market. According to this good YouTube video (https://www.youtube.com/watch?v=HYpdUohIu4c): "Can you get rich investing in memecoins? In most cases, no. More than 99% of memecoins fail in their first year. You don't know about them because they failed." Of course, there are many possible rewards but there are far more, more risks as nobody can determine which of them will eventually say goodbye to their supporters and investors. Personally, I am not so much into memecoins except if someone will be airdropping some of them for free to me...and there are so many of them promoting their projects in X pretending to give some to people who like and share their posts...and I sometimes participate in them from time to time. Never will I invest or buy a memecoin coming from my wallet.
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Yes, this is like the newest form of gambling in cryptocurrency... the risks are very big because there is nothing professionally done by the developer, except just launching coins and launching coins continuously... I am aware of this pattern, considering that anonymity in the world of cryptocurrency is highly valued, while everyone can create their own coins freely... that means there are more and more opportunities for someone to abuse cryptocurrency as their own version of instant money-making.
For those who like gambling, maybe they will see memecoin as a new opportunity, for people who understand investment they will avoid meme coin for risk reasons. Obviously, this is a big risk, so many people only buy it in small amounts according to their own financial strength.
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Now this one is funny..
1. Memecoin creators are often totally inept
Yup, agree..
On March 18, the developer of memecoin Slerf burned $10 million worth of investors’ presale tokens instead of distributing them.
Pikachu face!
When they said inept I thought inept had a few limits, this is brain dead racoon material.
and further down the text, the revelation:
“Memecoins are fun for sure, but it won’t progress this industry, as they don’t have a product,” Ju tells Magazine.
what a surprise, /s.
So, anyone has any idea why would we need 19 000 meme coins per week? Or why would we need 19 meme coins per week? Or even better, why would we need meme coins? People don't use DOGE because it's a meme coin, people use it because it is accepted everywhere, it has its own chain, it's POW with huge rewards that guarantee mining security and it's cheap and fast.
Anyhow, does anyone know the cost of creating those meme coins, some approximations even with 10x off, that 19k number makes me think anyone could launch their token with a $50 fee and a $50 website.
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Anyhow, does anyone know the cost of creating those meme coins, some approximations even with 10x off, that 19k number makes me think anyone could launch their token with a $50 fee and a $50 website.
You can find it all here not meant to promote this site but as a reference https://coinfactory.app/en/memecoin-generator
It is easy to supply meme tokens because there's no use case they don't need a roadmap or a whitepaper all they need is a picture and a name and voila you'll have one for 0.06 ETH even a nontechie or who does not know coding can launch one.
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We are in the meme trends and this is by far the longest trending model in the Crypto ecosystem, but investing in meme coins has a lot of risks attached to it, it's not always profitable.
There are many statements like this:
Meme coins = shit coins = scam
However, why do coin memes still appear every day?
Why are there so many meme coins that can be easily hyped and then immediately ATH in a short time?
Yes, because this is the process of hype, and there are many parties who are opportunistic and smart in taking advantage of opportunities from meme coins. Imagine, how many people have succeeded in this meme coin business? both developers and experienced investors.
There are lots of them. This is why the meme coin business is very promising, because many stake holders, developers, investors, and also several other parties are successful in the meme coin business, because the results are truly extraordinary.
So what about the victims who end up doing the opposite, suffering huge losses?
This is the reason why parties still persist in meme coins, because there are still many people who are deceived and fall for the hype of the currently hyped meme coin promotions, thus giving rise to FOMO, which in the end, they can still become victims. and it happens over and over again until now.
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Anyone needs to be wary of memecoins that are obscure and still very new.
I never recommend investing in memecoins, but if you want to try your luck and make a quick profit, use a small amount of funds to get in.
Those who are early adopters will usually have more profits if the memecoin is successful and comes out when the price has risen.
But never hold off for the long term if the memecoin is not clear how it is developing.
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I think it depends on the coin and the type of community surrounding it. It's more like how they would react if it somehow increased in price and make it show that it's "okay" to HODL or there are benefits to having it.
Majority of the signs, IMO, that would be a red flag on meme coins are the following
- Market Capitalization
- Number of wallet addresses holding it
- % of the amount of wallets holding it
Some exchanges would help you filter it and could probably trade better in terms of meme coins. I suggest to risk what you can afford to lose.
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Dont know guys, for me investing in any meme-coin is already a warning sign. Since they are not based on any kind of logic, has no use case and severely dependable from trend, their price can change any minute from any cough of an influencer. Meme-coin market is changing so fast, that I can even figure where to start learning and evaluating them. For me it seems that winning in casino is easier than earning from meme-coins.
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You can find it all here not meant to promote this site but as a reference https://coinfactory.app/en/memecoin-generator
It is easy to supply meme tokens because there's no use case they don't need a roadmap or a whitepaper all they need is a picture and a name and voila you'll have one for 0.06 ETH even a nontechie or who does not know coding can launch one.
Ok, so to be perfectly clear on this:
I spend 0.3 SOL on Stompixmegaultrasuchwowmuchprofit token
All I need to do is now to sellthose 10000 quadrillions of tokens for more than $60
Profit?! ;D ;D ;D
I had a really cute dog avatar at one point, perfect meme material, the more I joke about this the more confident I am I'm going to do it just to kill time
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Just look at their website and you will be amazed on how good you are in knowing if the meme coin project is a legit one or not.
- If the website was made unprofessionally, it's already a red flag, and will be surviving for at least 6 months to a year. (based on my experience)
- If the website isn't showing about the team, the whitepaper, the tokenomics or whatever, it's already a warning for me. PEPE is an exception I guess because it became very popular despite the team not showing, no tokenomics, no intrinsic value or whatever.
- If the website isn't showing anything that an investor needs to know, it's already a warning.
You know what, just avoid investing into new meme coins and just focus on the top meme coins right now like DOGE, or even SHIB. In that way, it lessens your stress, and it will lessen your risk as well. :D
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Success is always a small number, it is not only in the case of memecoin, it is also in the case of other coins if you notice how many coins or Cryptocurrency Sustainable or Bitcoin, BNB, Polygon matic has gained price? But it is true that you must be careful in this regard in memecoin, because memecoin is like a bet at any time you can earn huge profit and at any time you can eat loss with your capital. So I think it would be wise to follow the warning sign and invest.
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I got into BabyBrett yesterday evening and its already done a 2x since then and a lot more over the 4 days since it was launched. Its actually a meme with a twist in that you also get some Brett returns as well as anything you might make.
Might be too late now although its still pumping. Only available through uniswap, metamask etc. I'm close to taking profit to cover what I invested so then its a risk free trade. A friend recommended it so was a bit lucky. Very strong community and the rewards system is a first of type I believe so worth a look maybe. Wish he had told me 3 days ago!
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We are in the meme trends and this is by far the longest trending model in the Crypto ecosystem, but investing in meme coins has a lot of risks attached to it, it's not always profitable.
There are more losers and very few winners investing in meme coins.
This article will give you a peek at the meme coin industry and exposes memes as an intricate investment that you will encounter.
Anyone can create an online persona and disappear after conducting a successful memecoin scam. The same person can return the next day under a different pseudonym and a fresh memecoin. There were 19,000 new memecoins created this week. It seems unlikely they were all created by first-timers.
5 dangers to beware when apeing into Solana memecoins (https://cointelegraph.com/magazine/5-risks-apeing-new-solana-memecoins/)
- I also think that it looks like we are in meme coin season with this bull run that we are facing. Probably many potential memes that are on the top list in the market will spread once the price value of bitcoin in the market starts to rally.
And in addition to the meme coin, now it seems that tapping apps are also popular in telegrams supported by other big companies and communities, and next to this, even AI tokens seem to be popular this bull run.
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Success is always a small number, it is not only in the case of memecoin, it is also in the case of other coins if you notice how many coins or Cryptocurrency Sustainable or Bitcoin, BNB, Polygon matic has gained price? But it is true that you must be careful in this regard in memecoin, because memecoin is like a bet at any time you can earn huge profit and at any time you can eat loss with your capital. So I think it would be wise to follow the warning sign and invest.
For me, memecoin is different from other altcoins which clearly have fundamentals, for example. Memecoins tend to just rely on hype and if that doesn't work then they will never be worth anything at all.
Meanwhile, we can see different things from other coins, such as Eth, Bnb and so on. They even have a very solid community which also influences the future of a coin. but I don't see that from memecoin.
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Since the last bull run, I have tried to stay away from meme coins. You all remember how it was with Shiba Inu, AKA Doge Killer. Many people make a huge amount of money from Shiba Inu tokens, and I also invested only a few dollars. But then I made only 2x its profit and exited the market.
However, one of my colleagues and a friend decided to invest more while he was already making a profit. He invested a couple of thousand dollars, and then it collapsed. Later, he ended up with an overall loss from a huge profit. Even if it wasn't my loss, I have learned a lesson from his loss.
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For me, memecoin is different from other altcoins which clearly have fundamentals, for example. Memecoins tend to just rely on hype and if that doesn't work then they will never be worth anything at all.
Meanwhile, we can see different things from other coins, such as Eth, Bnb and so on. They even have a very solid community which also influences the future of a coin. but I don't see that from memecoin.
You are actually right, if meme-coin gets success once then it only goes towards success with hype. As in the case of Doge and Shibanu and some other memecoins, they are only going towards the potential market.
On the other hand, memecoins that are newly launched and cannot live up to the hype may never see success again. And that's why I said the number of success rate is very low in the case of memecoins.
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Just like gambling, what we usually hear as very successful memecoins actually just represented a small percentage of all the memecoins introduced into the market. According to this good YouTube video (https://www.youtube.com/watch?v=HYpdUohIu4c): "Can you get rich investing in memecoins? In most cases, no. More than 99% of memecoins fail in their first year.
I agree. Investing in meme coins is like gambling with not recommended coins. This type of coins is not the safe coins for investment, they have no fundamentals and just hype in a short time. Moreover, if we choose new meme coins, it is totally too risky for investment. I don't understand that there are still many people who want to buy new meme coins. Sure, they may be influenced by the story of successful people in meme coin investment. Sadly, it seems just a very small number of people who can really succeed. Most of them seems losing their money.
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Success is always a small number, it is not only in the case of memecoin, it is also in the case of other coins if you notice how many coins or Cryptocurrency Sustainable or Bitcoin, BNB, Polygon matic has gained price? But it is true that you must be careful in this regard in memecoin, because memecoin is like a bet at any time you can earn huge profit and at any time you can eat loss with your capital. So I think it would be wise to follow the warning sign and invest.
For me, memecoin is different from other altcoins which clearly have fundamentals, for example. Memecoins tend to just rely on hype and if that doesn't work then they will never be worth anything at all.
Meanwhile, we can see different things from other coins, such as Eth, Bnb and so on. They even have a very solid community which also influences the future of a coin. but I don't see that from memecoin.
I don't know if meme-coin can ever be a successful investment. We need to find and invest in some coins that have a good chance to invest in. So I think we should have a good experience with Binary before investing. will be
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I don't know if meme-coin can ever be a successful investment. We need to find and invest in some coins that have a good chance to invest in. So I think we should have a good experience with Binary before investing. will be
You are also right for gaining profit and getting lower risk we should chose those coins who have the real marketcap and don't go always on hype. But also want to say that even meme coin investment is riskier I will say there is also many successs history on it and that is why this memecoin is still alive in the market. And I have also seen very little people have the success on meme coin but it has the success story.
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For me, memecoin is different from other altcoins which clearly have fundamentals, for example. Memecoins tend to just rely on hype and if that doesn't work then they will never be worth anything at all.
Meanwhile, we can see different things from other coins, such as Eth, Bnb and so on. They even have a very solid community which also influences the future of a coin. but I don't see that from memecoin.
You are actually right, if meme-coin gets success once then it only goes towards success with hype. As in the case of Doge and Shibanu and some other memecoins, they are only going towards the potential market.
On the other hand, memecoins that are newly launched and cannot live up to the hype may never see success again. And that's why I said the number of success rate is very low in the case of memecoins.
Yes, the success rate is very low when investing in memecoins, but if we are lucky enough, we will get many times the profits. So it can also be said that investing in memecoin requires great luck.
I myself, when something is done because I only rely on luck, for example, then I don't really expect much from it. Because this is uncertain with very big risks too. So when I want to invest in memecoin, I usually only use a small amount of money and I am ready for everything that will happen.
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I never recommend investing in memecoins, but if you want to try your luck and make a quick profit, use a small amount of funds to get in.
But even then, the chance of getting success is less than 5%. If I am not wrong, I invested in 10 meme coins back in 2021, hoping one of them would give me at least 10x profit in the long run. But the reality is that all of them become zero after a year or so. Unfortunately, I have deleted my old Coinmarketcap portfolio. Otherwise, I could have posted the coin's name here.
Luckily, I have invested not more then 10 bucks in each of them. People like me who doesn't do much research, cannot understand the potential of a project before they start gaining attention. So, I was investing blind without checking the project. If someone don't have crypto research skills, they should avoid new projects.
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There are many statements like this:
Meme coins = shit coins = scam
- Not all meme coins are scams, so for me, that's not the right way to think about meme coins, mate. Although the majority of meme coins actually end up as scams, many are victimized, and those who are victimized are poor, that is also because of the lack of awareness of those who invest in meme coins.
But if you know how to hunt for the right meme coins, for sure you will be able to get a nice profit in the end. That's why there are only a few meme coins that are included in the top exchanges and have a good daily volume of trading and millions of dollars in market capital. Then again, meme coins are still contributing a lot to the crypto market.
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Success is always a small number, it is not only in the case of memecoin, it is also in the case of other coins if you notice how many coins or Cryptocurrency Sustainable or Bitcoin, BNB, Polygon matic has gained price? But it is true that you must be careful in this regard in memecoin, because memecoin is like a bet at any time you can earn huge profit and at any time you can eat loss with your capital. So I think it would be wise to follow the warning sign and invest.
We can't compare mm coin with altcoin because investing in altcoin is somewhat safe but mm coin has no trust. That's why I try to go with mm coins most of the time. I always invest more in bnb than altcoin.
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We can't compare mm coin with altcoin because investing in altcoin is somewhat safe but mm coin has no trust. That's why I try to go with mm coins most of the time. I always invest more in bnb than altcoin.
You are also right that we can't compare meme coins with altcoins like we can't compare altcoin to bitcoins. But here I am not comparing memecoin to altcoin the thing I want to explain what is the different of memecoin vs altcoin. There is no doubt that altcoin is more safer from the memecoin but it is in case of the top pairs of altcoins not for all. In this case I would like to say that sometimes meme coins like doge coin are safer than some new altcoins.
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We can't compare mm coin with altcoin because investing in altcoin is somewhat safe but mm coin has no trust. That's why I try to go with mm coins most of the time. I always invest more in bnb than altcoin.
You are also right that we can't compare meme coins with altcoins like we can't compare altcoin to bitcoins. But here I am not comparing memecoin to altcoin the thing I want to explain what is the different of memecoin vs altcoin. There is no doubt that altcoin is more safer from the memecoin but it is in case of the top pairs of altcoins not for all. In this case I would like to say that sometimes meme coins like doge coin are safer than some new altcoins.
I don't know exactly how safe it is to invest in memecoins. But I try to stay away from investing in memecoins most of the time. Several years ago I invested in memecoin and lost a lot of money. I am afraid to invest in memecoins. But if I can invest in memecoins in the first place or there is a possibility of getting some profit, but I can't risk all my money for this little profit.
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I don't know if meme-coin can ever be a successful investment. We need to find and invest in some coins that have a good chance to invest in. So I think we should have a good experience with Binary before investing. will be
You are also right for gaining profit and getting lower risk we should chose those coins who have the real marketcap and don't go always on hype. But also want to say that even meme coin investment is riskier I will say there is also many successs history on it and that is why this memecoin is still alive in the market. And I have also seen very little people have the success on meme coin but it has the success story.
Earning profit by investing is very difficult. To earn profit, you have to choose the right coins to invest. However, I have no idea if you can earn profit by investing meme coins. Because I don't see a good future for meme coins.So to earn profit we need to invest in altcoins as well as Bitcoin to earn profit. Investing in some good coins can bring us a lot of profit.
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We are in the meme trends and this is by far the longest trending model in the Crypto ecosystem, but investing in meme coins has a lot of risks attached to it, it's not always profitable.
There are more losers and very few winners investing in meme coins.
Yes, that's normal, because we all know that the risk is very high... so the investor's win rate is also definitely low... even one win is enough to cover the losses for ten losses... because we know that the multiplier is usually obtained by Meme coins are very high... some even explode hundreds of times... so it's very natural why many people are still interested in this meme... it's like a gambling scheme but it's not gambling... almost like a lottery, but not a lottery. ..
Because of this high risk, you should not be too reckless in investing large amounts...There are so many scams... even anonymous developers can freely create hundreds of meme coins and then sell them while finding out which coins can make a lot of money.
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We are in the meme trends and this is by far the longest trending model in the Crypto ecosystem, but investing in meme coins has a lot of risks attached to it, it's not always profitable.
There are many statements like this:
Meme coins = shit coins = scam
However, why do coin memes still appear every day?
Why are there so many meme coins that can be easily hyped and then immediately ATH in a short time?
but there are many who are tempted by the hype and compete to have meme coins as early as possible so that it is not too late to get multiple profits from the existing hype, but there are also many who lose because they are deceived by devs who run away while making personal profits.
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Earning profit by investing is very difficult. To earn profit, you have to choose the right coins to invest. However, I have no idea if you can earn profit by investing meme coins. Because I don't see a good future for meme coins.So to earn profit we need to invest in altcoins as well as Bitcoin to earn profit. Investing in some good coins can bring us a lot of profit.
I agree with you that there is a misconception in people's minds that it is easy to earn profits by investing in cryptocurrency. And especially in the case of Memecoin, it is more, people think that investing in Memecoin will easily earn a lot of profit. But I think this Memecoin investment is the most difficult to see the face of profit. I myself have not been able to earn any profit by investing in Memecoin so far, but here the amount of my loss is more. But I have gained profit by investing in Bitcoin and some other top level Altcoins. So currently I focus all my investments on Bitcoin and those altcoins
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I don't know exactly how safe it is to invest in memecoins. But I try to stay away from investing in memecoins most of the time. Several years ago I invested in memecoin and lost a lot of money. I am afraid to invest in memecoins. But if I can invest in memecoins in the first place or there is a possibility of getting some profit, but I can't risk all my money for this little profit.
There are some altcoins that are worst than meme coins but because meme coins are what they are, we quickly know their true existence. Some meme coins like PEPE were intentional and some of them has made a lot of people millionaires with just little they have invested despite been a meme coins and what their true intentions were. But you see some of this altcoins that promise to do somethings in there Whitepaper, they are the worst because they promise to do a lot of things but in the end, they don't do what they promise their investors.
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There are some altcoins that are worst than meme coins but because meme coins are what they are, we quickly know their true existence. Some meme coins like PEPE were intentional and some of them has made a lot of people millionaires with just little they have invested despite been a meme coins and what their true intentions were. But you see some of this altcoins that promise to do somethings in there Whitepaper, they are the worst because they promise to do a lot of things but in the end, they don't do what they promise their investors.
Some meme coins success make many people become millionaire not only with Pepe but also if you can memorize well with Shiba Inu how many people become success.
Currently have meme coins of Solana network Wifcoin first time launching with most cheapest price but after listing on the binance pump drastically and become millionaire for any one have strong hand for holding.
Do you have good recommendation for any meme coins has potential for us become millionaire in the future? seems not bad ideas spending around 100$ for meme coins until seven kinds and wish has one will give us chance become millionaire.
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Since the last bull run, I have tried to stay away from meme coins. You all remember how it was with Shiba Inu, AKA Doge Killer. Many people make a huge amount of money from Shiba Inu tokens, and I also invested only a few dollars. But then I made only 2x its profit and exited the market.
However, one of my colleagues and a friend decided to invest more while he was already making a profit. He invested a couple of thousand dollars, and then it collapsed. Later, he ended up with an overall loss from a huge profit. Even if it wasn't my loss, I have learned a lesson from his loss.
Yes your diction is appropriate meme coin is risky i also think. So we should avoid it now. But it also true that meme coin gives us huge profit in last bull session. We know dode, shiba inu, pepe gives huge profit. But who bought this meme coin after bull run he has been huge loser. So wehave to more careful to invest on meme coin right now.
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People who love to gamble will definitely see MemeCoin as a new opportunity. Because they are not very careful because over 99% of memecoins fail in their first year every year. Of course you won't know about it because they failed at it. People who understand this investment will avoid it. Of course, this is a big risk, but many people buy small amounts of memecoins.
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There are some altcoins that are worst than meme coins but because meme coins are what they are, we quickly know their true existence. Some meme coins like PEPE were intentional and some of them has made a lot of people millionaires with just little they have invested despite been a meme coins and what their true intentions were. But you see some of this altcoins that promise to do somethings in there Whitepaper, they are the worst because they promise to do a lot of things but in the end, they don't do what they promise their investors.
Some meme coins success make many people become millionaire not only with Pepe but also if you can memorize well with Shiba Inu how many people become success.
Currently have meme coins of Solana network Wifcoin first time launching with most cheapest price but after listing on the binance pump drastically and become millionaire for any one have strong hand for holding.
Do you have good recommendation for any meme coins has potential for us become millionaire in the future? seems not bad ideas spending around 100$ for meme coins until seven kinds and wish has one will give us chance become millionaire.
- I have some suggested meme coins to give you, mate, but before you invest, try to research or find out before you decide to buy them. Some of the ones I will suggest that, in my opinion, seem to have a good return to give are this bome, fish, toshi, and this notcoin. I'm not sure if it is in the category of meme coins. The doge, shib, floki, and bonk are already given and can really give a nice profit in the bull run of bitcoin itself.
I suggested the ones I mentioned as the first meme coins because they will all be the first to experience the bull run, so they will surely show some good performance that followed the rise of Bitcoin, in my opinion. But still Do it at your own risk, mate.
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In general I think the most important part when investing in meme coin is that you should check how much token is in a wallet because if it is too concentrated in one wallet, then it might dump at once, you will never know what that wallet will do.
Check also with the market cap if it’s too low as well it might not be the one you are looking for. It’s hard to get in the first and early stages, but it might be worth it. Just make sure that you are investing with you can lose.
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People who love to gamble will definitely see MemeCoin as a new opportunity. Because they are not very careful because over 99% of memecoins fail in their first year every year. Of course you won't know about it because they failed at it. People who understand this investment will avoid it. Of course, this is a big risk, but many people buy small amounts of memecoins.
I don't think all gamblers will see it as an opportunity if they know that their win chance is 1%. If I know that my chance of losing this investment is literally 99%, why would I waste my money? It's not a dice game in a casino where I will be able to place bets one after another. Investing in a crypto project and making money takes a lot of time. If I invest in a project and it takes a few months before it gives a positive or negative result, why would I invest knowing my win chance is 1%?
Yet, some of us did the same thing when we were crypto newbies. Fortunately, I have learned many things in the last two or three years. Meme coins are good if you can research the project before you invest. But the success rate is extremely low. I would say the success rate is lower than one percent.
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Since the last bull run, I have tried to stay away from meme coins. You all remember how it was with Shiba Inu, AKA Doge Killer. Many people make a huge amount of money from Shiba Inu tokens, and I also invested only a few dollars. But then I made only 2x its profit and exited the market.
However, one of my colleagues and a friend decided to invest more while he was already making a profit. He invested a couple of thousand dollars, and then it collapsed. Later, he ended up with an overall loss from a huge profit. Even if it wasn't my loss, I have learned a lesson from his loss.
Yes your diction is appropriate meme coin is risky i also think. So we should avoid it now. But it also true that meme coin gives us huge profit in last bull session. We know dode, shiba inu, pepe gives huge profit. But who bought this meme coin after bull run he has been huge loser. So wehave to more careful to invest on meme coin right now.
We can occasionally go in and buy meme coins, and don't let us be lulled by the profits we get, because once a dump occurs, we will feel a loss.
Don't focus too much on investing in meme coins, in my opinion it's better to focus more on coins that are already very trusted and continue to grow. We can use meme coins as spices in the investments we make, I mean we can try our luck once in a while.
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Isn't investing in memecoins the same as gambling in the first place? So, when you said a lot of people loss and just a few people win, it shouldnt come as a surprise to anyone who has an idea of what gambling is all about.
And also, one normal thing with investment is that, the lower the risk, the lower the reward, and the higher the risk, the higher the reward.
So, those investing in memecoins are looking for high reward, so, it is also important that understand the level of risk involved.
Personally, to try to mitigate the risk that comes with investing in memecoins, I only invest in any of them after it has gotten listed on two or three unpopular exchanges, atleast this way, they have established a base and chances of a rug pull has significantly reduced.
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From meme coin you can get hype once or twice at most and if you don't sell within that you will lose. As a meme coin exchange creates a lot of hype after entering the market but it is for a very short period of time. However many investors do not understand and buy and hold during this hype, which causes big losses later. Anyway there are very few investors who have successfully profited by holding meme coin. Invest with research as it always carries more risk.
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When investing on any memecoin, you have to constantly check on the market performance of such coin to see how it has been going on with the market, this will give you focus or direction on whether to continue with the investment, pause, sell or hold on tor more pumps, memecoins are not what we can just make an investment in and leave just like that, we may regret when we discover that we should have been following the chart before getting to where they may be after a long time dip.
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We can occasionally go in and buy meme coins, and don't let us be lulled by the profits we get, because once a dump occurs, we will feel a loss.
Unfortunately, that is where we lose the temptation. Whoever made some profit from a meme coin before, greed got them and they cannot resist them from making another investment on another meme coin. Let me tell you why I have tried a stupid thing. I have made some profit from Shiba Inu back in 2021 and I know it was too late to invest more in Shiba Inu because it pumped a lot already. One of my friends made a huge mistake by making a repeat investment in it.
So, I decided to try other memecoins and bought a couple of coins whose names ended up with an INU. LOL. Unfortunately, all of them become zero after a couple of months because those are just scams. I made only a $20-30 dollar profit from Shiba Inu but I lost more than that by investing in those random memecoins. This is funny and sad at the same time.
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Free advice :) If you see an animal in memecoin logo or it is name is related to animal - dont even bother buying it. We had dogecoin, shiba inu, pepe. That is enough of animals for industry. Imho it is good to start to researching where you are going to buy these meme coins. An unknown dex is not a best place to search for memecoins for investment.
But honestly, what warning signs do people want to find, when meme coins are already a huge warning sign for being scammed. I think that winning in casino is easier than picking a meme coins to buy and get a profit.
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We can occasionally go in and buy meme coins, and don't let us be lulled by the profits we get, because once a dump occurs, we will feel a loss.
Unfortunately, that is where we lose the temptation. Whoever made some profit from a meme coin before, greed got them and they cannot resist them from making another investment on another meme coin. Let me tell you why I have tried a stupid thing. I have made some profit from Shiba Inu back in 2021 and I know it was too late to invest more in Shiba Inu because it pumped a lot already. One of my friends made a huge mistake by making a repeat investment in it.
So, I decided to try other memecoins and bought a couple of coins whose names ended up with an INU. LOL. Unfortunately, all of them become zero after a couple of months because those are just scams. I made only a $20-30 dollar profit from Shiba Inu but I lost more than that by investing in those random memecoins. This is funny and sad at the same time.
Well, sometimes that can be a temptation for those who have made big profits from memecoin. They think that they have made big profits and maybe they will achieve the same thing again, even though that is a feeling that could be a trap.
Nothing is certain in memecoin and the risk is greater, maybe they were very lucky at that time when they managed to achieve huge profits. Because in my opinion, luck is also very important in memecoin.
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We are in the meme trends and this is by far the longest trending model in the Crypto ecosystem, but investing in meme coins has a lot of risks attached to it, it's not always profitable.
Since the past, investment in social media has always meant high risks. There is no guarantee that you will always get high profits by investing in meme coins. The possibility exists, of course, but for beginners, the chances are very small. especially if you are not familiar with the cycle of the meme coins and how to analyze the meme coins. That would be much more difficult. But behind all that, when someone really does it well and has good analysis, then it doesn't rule out the possibility that they can really get high profits.
Nothing is certain in memecoin and the risk is greater, maybe they were very lucky at that time when they managed to achieve huge profits. Because in my opinion, luck is also very important in memecoin.
Yes, it's true. Investing in meme coins actually also has a plus point, namely the possibility of getting high profits in a short time. But is there a guarantee? of course not. There needs to be a more difficult process to go through, starting from preparation, to making decisions at the right time. Because if not, it will certainly affect how we view investment opportunities in meme coins in the short term, not for the long term, and only for taking profits in the short term, not for the long term.
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Well, sometimes that can be a temptation for those who have made big profits from memecoin. They think that they have made big profits and maybe they will achieve the same thing again, even though that is a feeling that could be a trap.
True but we do not understand that till our portfolio starts to go down and those memecoins start to fall. Or they may have taken the risk willingly by thinking that it's a profit after all. same as gambling. I used to never care about the winnings I got from the faucet or from the free spins and continued to gamble and lost them all at some point. The motivation behind this works is too bad. But unfortunately, that's how we lose most of our profits even though sometimes we make good amount from other cryptos.
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Nothing is certain in memecoin and the risk is greater, maybe they were very lucky at that time when they managed to achieve huge profits. Because in my opinion, luck is also very important in memecoin.
Yes, it's true. Investing in meme coins actually also has a plus point, namely the possibility of getting high profits in a short time. But is there a guarantee? of course not. There needs to be a more difficult process to go through, starting from preparation, to making decisions at the right time. Because if not, it will certainly affect how we view investment opportunities in meme coins in the short term, not for the long term, and only for taking profits in the short term, not for the long term.
What makes meme coins valuable is the hype, the problem is we don't know which meme coins can become hype in the future. And there will also be lots of memecoins circulating on the market, I even saw the same memecoin several times but the contract was different.
There we also have to be careful, because when there is a memecoin that is hype, there will be a memecoin with a similar name and if we are not careful then we will be caught in their fraudulent methods.