Warning Signs When Investing On Meme coins

[God Of Thunder]

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.

[|MINER|]

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.

[alltalk]

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: "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.

[rojan]

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

[|MINER|]

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.

[ajiz138]

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.

[God Of Thunder]

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.

[Mr. Magkaisa]

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.

[Insanity]

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.

[|MINER|]

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.

[Insanity]

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.

[JISAN]

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.

[bayu7adi]

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.

[MUGNIA]

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.

[|MINER|]

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