Are meme tokens dangerous or moon - page 7.

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Quote from: wajik-tempe on June 22, 2021, 04:20:16 AM

Buying meme tokens / coins are purely gambling and really not good for investing. The risk is is 95% loss and we just hoping someone with power to pump it which is really bad for crypto trading activity. Never buy meme coins and hoping for profits, just buy it for collection with some spare money, and if we get lucky enough we take profits but if not, it's okay

True, it is a very good solution for everyone to run because expecting 10x the coin meme is a gamble where the wins are very small and the losses are very large, which is a risk, so if you don't like buying with spare money, it's better to shunned because it is also better.

You can never say that all meme coins are just shitcoins, some are still left worth for an investment.
And talking about risk, we could be aware of what we are doing, investing in crypto correspond with high risk and everything is a gamble even with Bitcoin and known altcoins.

That is why the majority will be saying invest only the money that you can afford to lose. Yeah, everyone has their own choice and to invest in meme coins is a choice either. If they saw that particular coin (meme) has the potential, why not?

imstillthebest

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in my opinion its to dangerous now, its better to stay away from hype coin right now, cause market is in bad condition.
better buy top coin in market or stay at the fiat until you see the market will bounce back soon, and take advantage from buy in the deep.

many thinks that this is the right time to invest in meme coins beause top coins are down but they forgot that btc drags everything in its path .
investing in meme coins just got riskier than before but even if the market is in good condition , investing in shitcoins is still not recomended . we are only helping the wrong person to get rich if we do that

Renampun

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Quote from: jomonshiba on June 15, 2021, 02:49:17 PM

This is a thread where we will discuss meme tokens that are unrugable and which can moon. We will detail steps to avoid being scammed. We will discuss signs that a token is going to moon. We will give updates on our offical meme token Jomon Shiba aka $JSHIBA.

are you a $JSHIBA investor or the developer?

meme tokens are a failed product and will only hurt the buyer. if you are a smart person, you will definitely stay away from meme tokens. meme tokens like dogecoin are bullish because Elon and at any time you can leave the meme token.

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Quote from: bounceback on June 22, 2021, 04:36:05 AM

After Elon Musk promoted Dogecoin, currently memecoin is hype in crypto circles, so I think memecoin is very dangerous to invest because so far there is no technical reason that can really drive its price movement, but rather speculative actions like what Elon Musk is doing with Dogecoin.

That's right, because when Elon Musk no longer sees Dogecoin and turns to another coin, Dogecoin will return to its base price, which is a cheaper price than it is now, so you must always be careful if there are coins that are only supported by someone.

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Quote from: bison on June 21, 2021, 07:28:24 AM

Yes, currently Dogecoin is the strongest coin meme in the crypto market, although there are many polemics due to Elon's annoying behavior, at least Dogecoin has grown even though its current price is not as high as some time ago.

If you only look at the price side, then the underlying price of Dogecoin is very low and has always been stable in the past, despite the pump that Elon Musk created through his tweets, Dogecoin has always been in the market with good ratings even though categorically it is a coin meme.

wajik-tempe

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Quote from: iTradeChips on June 22, 2021, 04:17:20 AM

If you are going to ask for my opinion, DOGE just became lucky because there is an Elon Musk that supported the said meme coin. So with that idea, it is safe to say that a memecoin will only be popular if there is only a backer, a more powerful and influential backer at that. So if you have invested like a big amount of money on SHIBA INU and you missed the previous pump and dump, then pray that there would be another influencer with the power like Elon Musk to help propel the coin upwards.

Buying meme tokens / coins are purely gambling and really not good for investing. The risk is is 95% loss and we just hoping someone with power to pump it which is really bad for crypto trading activity. Never buy meme coins and hoping for profits, just buy it for collection with some spare money, and if we get lucky enough we take profits but if not, it's okay

iTradeChips

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If you are going to ask for my opinion, DOGE just became lucky because there is an Elon Musk that supported the said meme coin. So with that idea, it is safe to say that a memecoin will only be popular if there is only a backer, a more powerful and influential backer at that. So if you have invested like a big amount of money on SHIBA INU and you missed the previous pump and dump, then pray that there would be another influencer with the power like Elon Musk to help propel the coin upwards.

bakasabo

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The only danger that meme tokens can produce is the fact that when people lose money on them, these people name all cryptocurrency as fraud.
These new meme tokens allow only first one who has bought them to earn, while other naive and new investors lose money and spread the idea that all the cryptocurrency is scam. That is it.

wmaurik

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Quote from: kapalmabur on June 21, 2021, 08:44:56 AM

At that time, the price of Dogecoin rose, of course, it could not be separated from Elon Musk's tweet,
it's really very influential and for now indeed if you compare it some time ago the price is much different,
despite all that i'm not really hopeful with meme coin

Yes, coin memes aren't really hopeful because coin memes weren't created for a specific function so there's nothing to hope for even if someone is able to make an impact for the pumping of certain coin memes, which is only temporary.

domoy77

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Quote from: Bohdan820 on June 21, 2021, 02:59:54 AM

Personally i don't take part in this. I prefer to invest rather than get rich quick or lose everything.
The problem with most people is that they don't want to get rich slowly because again and again they all lose...

Everyone has a different way and way of life in trying to get rich, so we can't say that those who lost were a mistake even though other people saw it as a fatal mistake, but I saw it only as an unlucky effort, that's all.

kapalmabur

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Quote from: bison on June 21, 2021, 07:28:24 AM

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Yes, for those who like meme coins, it's better to just choose Dogecoin because Dogecoin will never die in the crypto space, unlike other meme tokens which are getting closer and closer to death because it is just a game of a group of people.

Yes, currently Dogecoin is the strongest coin meme in the crypto market, although there are many polemics due to Elon's annoying behavior, at least Dogecoin has grown even though its current price is not as high as some time ago.

At that time, the price of Dogecoin rose, of course, it could not be separated from Elon Musk's tweet,
it's really very influential and for now indeed if you compare it some time ago the price is much different,
despite all that i'm not really hopeful with meme coin

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Quote from: Lee_Mire on June 21, 2021, 02:18:03 AM

I would go as far as to say meme coins are the most dangerous crypto's to hold. They have zero utility and are all copy pastes of each other. As soon as the hype dies they all trend to toward zero. Doge included.

I always think it's ponzi coins that are the worst, since they're all hyip and totally built on the premise of take new money and give to old investors.

And if you think about it, this is what memecoins are. Zero money inserted, selling to new people and giving those gains back to those older or first to enter. Doge is a bit different though, minus this year's investors, doge actually did have a purpose (funny as it may be).

bison

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Yes, for those who like meme coins, it's better to just choose Dogecoin because Dogecoin will never die in the crypto space, unlike other meme tokens which are getting closer and closer to death because it is just a game of a group of people.

Yes, currently Dogecoin is the strongest coin meme in the crypto market, although there are many polemics due to Elon's annoying behavior, at least Dogecoin has grown even though its current price is not as high as some time ago.

the rise

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From what I researched, meme coin has no ecosystem at all like just a joke coin made for the community and used only for pumps and pumps, it can be said to be dangerous. but usually coins like these will go month faster than projects that have ecosystems, but they grow impure.

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Quote from: Ekyfitri on June 19, 2021, 09:05:43 AM

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Remember that moons won't last forever if they don't have a use case. No trading volume means zero value. When investors stop trading and have little interest in coin memes, the crash happens. There are only a few successful coin memes so don't bet your money on copy coin meme projects.

what happened was just a quick hype. and after all the big meme token holders release their tokens then what happens is a dump. and it will be very difficult to grow it back.
indeed some meme coin ecosystems are good, but most of them will be very risky in the long term. it is better to choose another asset than to gamble on meme coin.

That's right, the risk of putting our money on a meme coin is very big, the opportunity to lose is more than the profit, there are still many coins that have clearer benefits, it will only be a waste of time if you invest in meme coins.

huu78

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dangerous for now, but dogecoin will continue to survive because it has a very large community, for other memecoins with small marketcap you should sell them now or you will lose all your money.
but you can bet that the coin will last,so make your choice.

imamusma

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Quote from: Lee_Mire on June 21, 2021, 02:18:03 AM

I would go as far as to say meme coins are the most dangerous crypto's to hold. They have zero utility and are all copy pastes of each other. As soon as the hype dies they all trend to toward zero. Doge included.

Dogecoin never goes to zero, I see the history of Dogecoin's birth in 2013 until now is still in a good position, regarding the price being pumped and discarded, it's just the work of a few people, but in essence Dogecoin is a meme coin that always stay in the crypto space at a low price even though currently the price is 1000x the base price.

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some other shit token promoters and you're one of them, you're just mentioning a statement by another shitproject, didn't mean to offend but I think you've missed the moment.
now market is in red condition and shit token cannot get hype from this condition.

Bohdan820

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Personally i don't take part in this. I prefer to invest rather than get rich quick or lose everything.
The problem with most people is that they don't want to get rich slowly because again and again they all lose...

wmaurik

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Quote from: AwoCorporation on June 21, 2021, 01:46:55 AM

That's right, the risk of putting our money on a meme coin is very big, the opportunity to lose is more than the profit, there are still many coins that have clearer benefits, it will only be a waste of time if you invest in meme coins.

Yes, don't choose coin memes just because there are two people who have benefited through coin memes, and even some people forget that many people have lost through coin memes, this is actually something that everyone should consider.

Topic: Are meme tokens dangerous or moon - page 7. (Read 3060 times)