Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: GeneralEth on July 03, 2024, 09:54:13 PM
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The way Pump fun is making Meme having insane volume after the bonding curve is so insane Billy was born on Pump.fun in early June and checking it out now i can't seem to believe what i'm seeing.
$BILLY token has shocked prevailing market sentiment, becoming the latest Solana memecoin crest the fabled $100 million market cap threshold. $Billy showing alot of strength , holder count is also still increasing on every dump.
Beautiful , healthy retracement before we skyrocket to 300m.
do you think it's good to FOMO in Buying ?
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BILLY TOKEN, haven't hard about that project before, but what I have noticed and experience from memecoins is that, it I hard for them to recover after being pumped and dumped, and the way the pump happen is so systematic that you may hardly notice it happening, so the best way to avoid being caught in the middle is to avoid any token that already have large market volumes must especially it trading volumes.
So is best you avoided the token if you noticed it large volumes, because it shows that there won't be any more short term market volitilities, and better for you to go for l9w gem tokens, such like less than 100k volumes and newly launched.
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I noticed the Billy token a few days ago and bought a quantity of it at a good price and made some profits. The daily trading volume on the token is large, which gives an opportunity to do scalping and achieve a number of profitable trades daily, but one must be careful because such tokens that operate as pumps are quickly dumped.
So yes, it is good to be afraid and cautious when buying these pump and dump memes because they contain significant risks, it is always better to risk what you can afford to lose.
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If you're a daily trader and have access to a market with a nice volume, I don't think there's a bad time to buy any token assuming you can analyze the market properly. If it's for long-term holding or swing trading (waiting for a few months or so), maybe not so much. I hold some meme tokens from 2019 and only one or two projects managed to give me profit after holding for 2+ years. One of them died after skyrocketing to $100 from $1/token. FOMO is never a good thing IMO, especially for a product that relies on hype to sustain its value.
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$BILLY token has shocked prevailing market sentiment, becoming the latest Solana memecoin crest the fabled $100 million market cap threshold. $Billy showing alot of strength , holder count is also still increasing on every dump.
Beautiful , healthy retracement before we skyrocket to 300m.
do you think it's good to FOMO in Buying ?
Showing a lot of strength? Healthy retracement before skyrocketing? This is the problems with most newbies right now.
They are only thinking on one side of the coin, and not thinking of the other side of it.
What I mean is that do you understand the risks of that project OP? You're dreaming that it will make a retracement then it will skyrocket. How would you know that one? You're predicting only... or should I say daydreaming. :D It will not happen, and if it happens, there will be a time when it will go down because people will cash out their money, and those who got FOMO'ed will lose their money.
I think the last part of my post answered your question. Don't buy that coin unless you're ready to lose everything if the worst thing happens.
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There have been lots of cases of people going too crazy for FOMO like this... and any memecoin's movement is very difficult to predict... I myself am not really interested in buying it even though the market capitalization you are targeting is $300 million, but that hasn't happened yet. and the risk is big... maybe someone who is optimistic about such a large market capitalization will insult people like me, for underestimating the $billy meme... but that's not an effective way to insult other people... live coin memes on the verge of luck... for anyone who is lucky, of course they will get a big profit from it... and I'm sure there will be victims there too who bought it when the price was too high and experienced bearishness until they didn't see the expected bounce again.
My safest advice is, don't buy too much $billy when it's bullish... a little is fine, as long as it doesn't affect your finances... like 0.1% of your assets might not be a big deal if you're still curious.
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- It's obvious that Billy Coin, which is a kind of meme coin, is hyped; its lowest all-time low was around 0.02378$ 10 days ago, and then it suddenly pumped 0.14$ while Bitcoin's price value is in the current correction. That's a bit doubtful for me. And it cannot be considered that he really has potential.
Maybe there are big whale investors who control it, and there is no doubt about that; they are just waiting for the timing, and it is possible that it will pull suddenly. That's a shitcoin for me because it's not listed in the top exchanges in CEX; if it's listed in Binance, Bitget, or Bybit, maybe I can still believe in it, but now it's unclear because it's only listed in DEX and not known to the majority of the exchange platforms except for Raydium.
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To be honest, buying a meme coin (especially a new meme coin) at above a marketcap of 100 million can be a very risky venture, but then, we all know that buying or investing in memecoins generally Is also a gamble, so, i guess there is really no significant difference in buying them at below 50 million market cap or above 100 million market cap.
But on the other hand again, we all can believe that the higher a meme coins goes in market cap, they stronger it gets and the chances of it listing on a good centralized exchanges increases, and with centralized exchange listing, the chances of such meme coin rug pulling on its investors greatly reduced.
So, going with this analogy, or analysis, I would say that it's actually safer to invest in memecoin with over 100 million in market cap, than below it.
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Nothing specific about meme coins. It is not possible to determine whether these projects are authentic or not. And the project you're talking about, the Billy Project, I've never heard of it before. If you analyze it and feel about it that you believe in this project and you can invest here, then you should invest only from your personal opinion. Because I think it's best not to give advice about meme projects. Because if they have a lot of pumps in the morning, they often dump the eyelids in the afternoon. If you want to invest here, you can invest completely at your own risk because there is no trust in these projects.
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Do you feel left out by the BILLY meme? So they say it's good to buy during FOMO, what if they dump whenever they want? Actually it's up to you how to do it but with a big MC it will be difficult to go up again in my view.
If you have confidence in the BILLY token and can reach 300M MC why not do it? maybe you yourself have done research on this project then you will know how strong the community you are watching is.
Again, I am not so sure about any meme even though it has a high MC.
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Nothing specific about meme coins. It is not possible to determine whether these projects are authentic or not. And the project you're talking about, the Billy Project, I've never heard of it before. If you analyze it and feel about it that you believe in this project and you can invest here, then you should invest only from your personal opinion. Because I think it's best not to give advice about meme projects. Because if they have a lot of pumps in the morning, they often dump the eyelids in the afternoon. If you want to invest here, you can invest completely at your own risk because there is no trust in these projects.
I can never trust Meme Coins because it is never known when the market of Meme Coins is good and when the market is bad, so I will always advise you to avoid investing in Meme Coins. But invest in good projects. If possible, there will be a possibility of getting good profit. For this, we have to put a lot of effort to find out the projects, only if we can't get something good by investing, otherwise we will lose in terms of profit.
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I can never trust Meme Coins because it is never known when the market of Meme Coins is good and when the market is bad, so I will always advise you to avoid investing in Meme Coins. But invest in good projects. If possible, there will be a possibility of getting good profit. For this, we have to put a lot of effort to find out the projects, only if we can't get something good by investing, otherwise we will lose in terms of profit.
Your reason are also valid not to invest in memecoin but there are also some memecoin have potential background that can have make great at bull season so I will disagree and will say that if you all investment should make on bear season to gain huge profit but there will be high risk at investment in meme coin and currently I am also avoiding these kind of investment and adopting some bitcoin for now.