Memecoins should not be taken seriously...no need to fret about them

[gunhell16]

The reaction is usually because the price reflects the direction of expectations. Investors expect to make profits, and then the price begins to decline. However, from the first hours of listing and after making gains, red candles are dominant.

Memecoins are really just a gamble, and I don't see them as serious investment assets. Aside from DOGE and SHIB, I think other memecoins are created with only a short-term view or just to bring some fun to investors.

Investors should really focus their capital on BTC and many of the big coins like ETH, XRP, BNB, SOL, ADA... The memecoin trend is over, and we should just let those millions of memecoins fade into oblivion!

The majority of meme coins are actually considered gambling, because most investors gamble with small amounts on meme coins, hoping to hit the jackpot. Then only a few make a profit on meme coins, often because they have formed many communities.

That's why the majority of meme coin believers think of memes as a lottery where if you are in time, you really hit the jackpot, and we have seen many people who have made money on meme coins that are also top-listed in the meme coins market.

[albon]

There are some investors who can catch the meme coin FOMO due to which they make a lot of money from meme coins. Some of those investors try to hype this meme coin because they know that they will make a lot of profit from a small hype. Investors blindly invest in meme coins hoping that the memes they have invested in are the next big thing. But it turns out that even after a long period of time, the right time to sell doesn't come because a sudden change of fortune is needed to get the pump going again. Not everyone is lucky enough to profit from meme coin and many people do not make a profit even if they hold 100 meme coins.

[Rubel007]

If someone really wants to be confident in their investment without being greedy, then it is better to avoid meme coins. There is no certainty that an investor will be able to profit from investing here. Moreover, there is no benefit in holding these coins for a long time. Although many have benefited a lot from this, since the number of meme coins is constantly increasing, holding these coins for a long time will rather lose money. Therefore, in the case of investment, one should consider the investment carefully, otherwise they will lose everything.

[JoyMarsha]

Memecoins can make one rich within some minutes and it can see to their downfall within some minutes. Memecoins are not what to advise someone to try if they see investment in memecoins as a gamble that anything is bound to happen at any given time. Someone should build their expectations to be less about it. If it gives them profits or losses, they should stay calm about their experience.

[bitterguy28]

Memecoins can make one rich within some minutes and it can see to their downfall within some minutes. Memecoins are not what to advise someone to try if they see investment in memecoins as a gamble that anything is bound to happen at any given time. Someone should build their expectations to be less about it. If it gives them profits or losses, they should stay calm about their experience.

memecoins are more of like a “sure why not?” kind of investment it’s not something you should save up for or meticulously plan for before you actually invest in it it usually is indulged if convenient but if it’s something you have to work hard for and is already expensive then it’s not really worth all the trouble as you are likely not to earn a lot anyway

if an opportunity arises where you can get some profit from it then take it but if not then no use to exert some effort into it

[Asiska02]

Memecoins are appealing to human nature which is greed by painting a rosy garden ready for us to feast on...only to end up with a war ravaged town with dead people lying around.

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Memecoins from onset are not coins that anyone into the cryptocurrency space should rely on, most of them are going to die and won’t rise ever again. From the history of cryptocurrency and how far it has come to be where it is today, not much Memecoins have survived the market for too long and the ones that did survive didn’t take much longer time before they also went into extinct. They are coins that can give you good amount of money when they go well in your favour and also, they are the same coins that will rug pull you when they don’t go in your favour.

You can call them risky investment, gambling and what have you as they all belong to that category. Don’t feel so confident owning them and thinking you’ll make good income from them in the long time. And most of them don’t provide a second chance after the first one, so don’t be greedy not to take your profit and leave when you’ve earned quite an amount from them through the investment in them.

[Azharul]

Memecoins are made not to be taken seriously and so I don't understand why some people will be so dramatic when a certain memecoin will drop in price. No one is hiding the truth on memecoins...in the cryptocurrency industry this one is one of the riskiest of them all as anytime they can fly high or be dead six feet below the ground.

Of course, people can be serious when they invested a lot of money in memecoins and the value of their investment is plummeting like an airplane losing fuel 20K feet in the sky.

Memecoins are appealing to human nature which is greed by painting a rosy garden ready for us to feast on...only to end up with a war ravaged town with dead people lying around.

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Actually, your comment is very prefer in this time. We also know that meme coins is also very prefer, but meme coins also risky for investment. So in this situation if we want to invest in this crypto, we should trying to understand in this crypto and consider for investment. Because we know that some meme coins will be very benefits in cryptocurrency market. So i think that consider carefully in this crypto currency is very prefer in this time.

[L0veLea]

Trumpcoin has killed any trust in memecoins...

[Mr. Magkaisa]

Memecoins can make one rich within some minutes and it can see to their downfall within some minutes. Memecoins are not what to advise someone to try if they see investment in memecoins as a gamble that anything is bound to happen at any given time. Someone should build their expectations to be less about it. If it gives them profits or losses, they should stay calm about their experience.

memecoins are more of like a “sure why not?” kind of investment it’s not something you should save up for or meticulously plan for before you actually invest in it it usually is indulged if convenient but if it’s something you have to work hard for and is already expensive then it’s not really worth all the trouble as you are likely not to earn a lot anyway

if an opportunity arises where you can get some profit from it then take it but if not then no use to exert some effort into it

     -      Most meme coins are not trustworthy because they are often used by scammer developers and we have seen many cases like this. But I also cannot deny that there is still gold in meme coins. Because if you are really in time for a new meme coin and it has a good start here in the crypto space. For sure, there is a jackpot here.

But these kinds of meme coins that become successful are very rare to find, because these are the new meme coins that have a good marketing strategy and many big partners have helped by investing in meme coins.

[36B]

Memecoins can make one rich within some minutes and it can see to their downfall within some minutes. Memecoins are not what to advise someone to try if they see investment in memecoins as a gamble that anything is bound to happen at any given time. Someone should build their expectations to be less about it. If it gives them profits or losses, they should stay calm about their experience.

Memecoins involve high risk since when you decide to invest you are usually encountering a lot of unknowns. Unfortunately, relating to the 10 commandments of trading, one can never be sure that a particular currency will continue to appreciate or decline steeply in price. Consequently, it is well to keep in mind and not to raise your expectations too high. If you basis your strategy on the price rise, that you feel will go higher and higher, you will be very disappointed when there is a shift in the market. However, should you feel it as a chance to risk little hoping for little in return, it will be much more mentally fulfilling to do a job. All in all, I think it is important to keep focused, to learn to accept the fact that even when we least expect it, the price may go high or low and lastly never ever allow market forces to lead us astray.

[albon]

Trumpcoin has killed any trust in memecoins...

Trump meme coin has made many investors poor especially those who bought trump coin at a high price. Meme coin volatility and sensitivity to manipulation make them high risk assets. Moreover, meme coin investment is a traditional thing like gambling because it is possible to get rich suddenly from gambling and meme coin. If some people have made significant profits from meme coins especially those who bought into FOMO, it is important to remember that social media often highlights success stories and ignores those who lost money. The meme coin also signals a dream term hype cycle in the investment landscape, with tokens aggressively marketed with unrealistic promises and the sustainability of the tokens.

[Faisal2202]

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

You have made this very clear that with minimal effort that memecoins are just for fun they should not be taken seriously which also indicates we should not invest our food money in it because we can lose it all also as in fun so better to invest only what we can afford to lose.

Picking the right one can take lot of luck because there were people picked the best meme coin like pepe, doge etc. but later they sold them at break even price to cover the loss only while if they would have waited more they could be the next millionaire.

[Aanuoluwatofunmi]

We can take them serious, but we should not have our entire life on them,, because they can be disappointing, anything that stands to be profitable can also be a surprise to us with a particular risk attached to it, which we should know about these memes, they cant be there just like that without us being aware of their merits and demerits before investing in them.

[Roseline492]

We can take them serious, but we should not have our entire life on them,, because they can be disappointing, anything that stands to be profitable can also be a surprise to us with a particular risk attached to it, which we should know about these memes, they cant be there just like that without us being aware of their merits and demerits before investing in them.

Taking them serious is a self decision because like you said anything that gives profit also have the potential to take from someone who is investing on them but there are some level of risk that's distinguishes from all the investment that gives profits because some has a minimal risk while some are over high and those some are Memecoins, I'm not objecting those who only go for them but I'm looking at the risk because even if an investment goes sideways but it should be something that would come back around and a lot of Memecoins hardly recover but though some can recover but very rare.

[Z-tight]

Trumpcoin has killed any trust in memecoins...

Even before Trump launched his own shit memecoin, there was no trust in memecoins and nobody should really trust such shitcoins. However, Trump made things worse when he created his own shitcoin, who would have thought that the U.S. president would join in such shitshow.