How reliable are memecoins?

[Rubel007]

Most of the cryptocurrency investors invest in some memecoin. And there are many reasons for making such investments. Especially by investing in memecoins, an investor can get a large amount of money in a short time, which is not possible in any other investment so quickly. But at present, it is unlikely that investing in meme coins will get good returns as before. Because we have seen for a long time that there is no pumping event in meme coins. Neither Pepe nor Shib coins could give investors good profit. However, when such coins were new, many investors got good returns. According to the current conditions, it must be said that these coins will never make an investor successful in the long run.

[albon]

Invested in meme coin may seem like a way to get something from social media but before you move forward, make sure you know the risks. A meme coin which is boom on social media also can also explode on social media and so well check out well. When the hype of a meme is finished, the rapid trading volume may decrease rapidly which will hold you with the investment bag of proverbs. You also want to make sure that your decision to buy a meme stock is not powered by FOMO, so it is a kind of emotional shopping that you can make decisions that you will regret.

[Bobcrypto]

Yes, except for Shiba Inu, we don't have any memes that have a project, so we can't consider meme coins as an asset to hold for the long term.

They are basically coins that have no real value other than for speculation, some people buy them when there is hype around a meme coin and then quickly get rid of them when the hype dies down, so I doubt any investor would hold meme coins for the long term. Except maybe Doge, Pepe, and Shiba Inu.

Yes, generally speaking, memecoins may not have been consider as an assets class but I think some people in recent times have taken meme coins as a typical assets going by the amount of funds going into meme coins investments this days.
There are even news that meme coins projects are filling for ETF registrations, and if approve, I think that meme may turn the biggest investments opportunities even surpassing many utilities token investment returns in near future.

[yhiaali3]

There are even news that meme coins projects are filling for ETF registrations, and if approve, I think that meme may turn the biggest investments opportunities even surpassing many utilities token investment returns in near future.

Yes I heard that, at first I thought it was just a joke but then it turned out that this is very serious and there is a Doge and Trump candidate for ETF approval.

Although it is far from logical but since Doge (Elon Musk's favorite coin) and Trump meme are special to the US President then there is no need to be surprised and there is no need for logic even, we are now in the crazy time of Trump and Elon Musk!!! 

[PX-Z]

Reliable? Do you mean how they are reliable as income or/and investment? No, they don't, it's risky to invest to any memecoin, especially the new ones, but I might consider for the old ones.

[JISAN]

memecoin is not reliable but it is very profitable. Many people can make millions of dollars in profits with very little investment. But they must be a good coin investment. There is a lot of hype about memecoin in the market due to which many scammers take advantage of it and launch fake coins in the market. So if you invest in them there is a possibility of losing the entire fund instead of making a profit. So definitely invest in memecoin with caution. Then it is possible to make good profit from here

[Aanuoluwatofunmi]

I'm not sure what people make of memecoins generally as an asset, I know that a lot of people have made a lot of profits from coins like DOGE, SHIBA and even PEPE.

If every coins could have been the same way as these ones have performed, then people will have no reason of being in doubt over the use of crypto memes, because they is this certainty for them to rise and make their investors earn some reasonable amount of profits, but things doesn't work like this in some cases, you will only discover that people are investing and yet making loses upon the risk they might have taken, except for few memecoins that have been consistent in well doing being profitable.

[vegasus]

memecoin is not reliable but it is very profitable. Many people can make millions of dollars in profits with very little investment. But they must be a good coin investment. There is a lot of hype about memecoin in the market due to which many scammers take advantage of it and launch fake coins in the market. So if you invest in them there is a possibility of losing the entire fund instead of making a profit. So definitely invest in memecoin with caution. Then it is possible to make good profit from here

And the profits are in accordance with the risks, yes, high risks, high gains. It's just that, how clever and smart we are in assessing meme coins so that they can generate or bring high profits, because not everyone is able to do it well and wisely. It's just that, indeed in some cases, this really happens and can get results that are very much in accordance with expectations. So, keep trying and do analysis from various angles

[bettercrypto]

Maybe we can only say that a meme coin is reliable if it gives us profit, it's very simple to understand, right? That's all. Even if we say that meme coins have potential but don't give you earnings, how can it be reliable? You get it?

That means even if they are shitcoins, if they give you profit, you can consider them reliable, then look for other meme coins that have more potential
than the meme coins you chose.

[Gposas]

Yes, except for Shiba Inu, we don't have any memes that have a project, so we can't consider meme coins as an asset to hold for the long term.

They are basically coins that have no real value other than for speculation, some people buy them when there is hype around a meme coin and then quickly get rid of them when the hype dies down, so I doubt any investor would hold meme coins for the long term. Except maybe Doge, Pepe, and Shiba Inu.

Your right mate, memecoins is linked with hypes and news which results in a little duration pump in price and traders gather profits and quickly sell off and take their gains.. causing it's high volatility.
Though we view the memecoin as just a fun coin, you still need to know that these memecoins has larger volumes compared to other coins with utility...
These coins even buy the interest of investors more... So, no matter what, there are still those who has a long term investment on these assets.

To me, I see them as good assets to trade on rather than placing investments.