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

[KryptoBell]

In my opinion, any one buying meme for whatever purpose should trade/invest on the most popular and strong meme projects with good trading volumes and marketcap. A meme with large community and has been on top position on Coinmarketcap are more advicable to engage on trading and investing activities.
In facts, for serious trading and investing purposes, trade meme cois that has already gained some trust from the crypto community, and not any meme coins that may turn a pump and dump scheme.

That is why if you are interested in investing or trading meme coins with a plan of having them in the medium to long term, it will be wise to target cryptocurrencies with large communities and healthy market caps. Cryptocurrencies that trade significantly as Dogecoin or Shiba Inu are less sensitive to market volatility and have the confidence of the public. It is especially sage to refrain from investing in coins that are in the middle of a pump and dump cycle since there are even more significant opportunities for profit making than there are for losses. This way you avoid to immerse yourself in swings in price that affect established projects, which are more probable to correction than a new trending project.

Fair take, the market cap of a token do matter as well as community strength but i’ve seen those use use the early buys strategy and made reasonable gains, they take advantage of the hype to know when to buy. For me, it’s all about understanding the market and having emotional control. Most traders who end up losing don’t know when to take profits, greed is another problem.

[Mr. Magkaisa]

Considering that until now the risk of holding memecoin is very large, it should only be bought by professionals with full awareness... but seeing many people from many circles who buy memecoin for gambling purposes, it is very scary... many people lose because of memecoin, while the media only distributes the winners.. that's how the memecoin industry continues to thrive, where every detrimental thing is always made uninteresting to be published, while the profitable things are always exaggerated... this marketing strategy has proven to be very good and even trash memecoin still survives until now...

I agree not to take memecoin seriously, because the developer is not serious about making this project with a useful use case... why put high hopes on something that can't even be relied on...

In my opinion, any one buying meme for whatever purpose should trade/invest on the most popular and strong meme projects with good trading volumes and marketcap. A meme with large community and has been on top position on Coinmarketcap are more advicable to engage on trading and investing activities.
In facts, for serious trading and investing purposes, trade meme cois that has already gained some trust from the crypto community, and not any meme coins that may turn a pump and dump scheme.

          -     That's also what others don't understand, actually if we really know something about trading even if it's meme coins, for sure we can still get a profit in the short-term, just not long-term, especially if the meme coins we are investing in are new.

Now, if the marketcap is good, daily volume is also good for sure to do trading activity, as long as we really have an idea or knowledge about trading because if we don't, we will definitely be liquidated in the end.

[Axcel777]

Fair take, the market cap of a token do matter as well as community strength but i’ve seen those use use the early buys strategy and made reasonable gains, they take advantage of the hype to know when to buy. For me, it’s all about understanding the market and having emotional control. Most traders who end up losing don’t know when to take profits, greed is another problem.

In my opinion, it is quite perceptive to consider not only how strong the community participating in the project is and how large its volume is since it allows to detect some potential at an early stage. But what matters most is how sharply, lucidly, and trenchantly the immediate motives of investment are perceived. It is easy to decide when one is knowledgeable of his or her capabilities and strength as a person.

When we tend to expect too much out of life, it leads us to a certain state of depletion. Therefore one way to manage expectations is to lower it. This is so if the result is positive, then we do not have to wait for a miracle to happen. It is always wise to exit a market even when others are still holding on to investment positions in it.

[albon]

Fair take, the market cap of a token do matter as well as community strength but i’ve seen those use use the early buys strategy and made reasonable gains, they take advantage of the hype to know when to buy. For me, it’s all about understanding the market and having emotional control. Most traders who end up losing don’t know when to take profits, greed is another problem.

Projects with legitimate objectives are often very volatile and abandoned so they are manipulated to suit the interests of the initial investors. Meme coins have had a negative impact on the crypto market and this propaganda, manipulation, and fraud is not only harmful to investors but also to the credibility of the cryptocurrency ecosystem as a whole. As meme coins become more prevalent and widely accepted, they risk turning cryptocurrency into a sideshow. Everyone wants to get quick success from crypto which is actually impossible because to have the potential to make a profit here, you need to increase your experience.

[vegasus]

Meme coins have had a negative impact on the crypto market and this propaganda, manipulation, and fraud is not only harmful to investors but also to the credibility of the cryptocurrency ecosystem as a whole. As meme coins become more prevalent and widely accepted, they risk turning cryptocurrency into a sideshow.

This is indeed a fact, it cannot be denied. The meme project is very high risk, very dangerous, and not recommended for long-term investment. However, there are still many people who like risky investments in this kind of project. Why? Because of high returns. They are very aware that the risk is very high, but on the other hand the return is also very high, it can be many times over.

That is why the meme coins project still exists and is growing more and more because there are still many people who like things like this that have high returns even though they are high risks. So, for beginners or those of us who are not used to high-risk projects, we must avoid investing in this kind of project, or our money will be lost very easily.

[albon]

That is why the meme coins project still exists and is growing more and more because there are still many people who like things like this that have high returns even though they are high risks. So, for beginners or those of us who are not used to high-risk projects, we must avoid investing in this kind of project, or our money will be lost very easily.

The point is quite simple that if we invest in bad coins we can lose money quickly. When a new trend enters crypto many new projects enter the market, so good profits can be obtained from new projects at that time. So when a trend ends the number of scam projects increases. For example, initially good projects were coming from Telegram Gaming, but after a while the number of scam projects increased. So the meme coin hype is over but some people are holding meme coins with the potential to get rich. They think that meme coins can make a profit if the momentum of the altcoins market changes.

[Axcel777]

The point is quite simple that if we invest in bad coins we can lose money quickly. When a new trend enters crypto many new projects enter the market, so good profits can be obtained from new projects at that time. So when a trend ends the number of scam projects increases. For example, initially good projects were coming from Telegram Gaming, but after a while the number of scam projects increased. So the meme coin hype is over but some people are holding meme coins with the potential to get rich. They think that meme coins can make a profit if the momentum of the altcoins market changes.

Crypto is full of investment potential and risks. The market being full of these new trends, numerous projects will be coming that will promise high returns, but these will obviously come with a higher risk of fraud that over time will grow. Initially, the good projects are quite capable of producing rather profitable results, but when popularity becomes a priority then the grain comes mixed with all sorts of suspicious tissue. Meme coins despite the media glare they have attracted are more subject to market mood. But on a positive note, if the market conditions change in favour of those who still have meme coins there as hope. What matters is to stay cautious and to keep on checking market changes in order to minimise unwanted risks.