Be careful with new meme coins - page 2.

MarjorieZimmermanGinger

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Quote from: JangoUnchained on October 20, 2021, 12:56:26 PM

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

There are two types of meme coins circulating in the market today, firstly popular meme coins, such as Ethereum, Binance and Solana which have a positive trend and good movement in the market, the rest are just meme coins that we cannot invest in long term.
Beginners need to study each coin they want to invest in, starting with their previous trends and movements in the market. Otherwise, the decision to invest will only carry risk in the future and shiba is not a meme coin that has good movement and potential in the future.

Cling18

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Meme coins are on-trend nowadays but it has a huge risk since they could just be easily manipulated by huge names. As for me, doing our own research before investing would be a wise move because not all meme coins could be profitable in the long run. We should read their whitepaper and check the developers behind it because there are meme coins that could turn into useful coins.

Gorosden

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You will be fine if you invest very little amount of money like 30-50$ so if you lose the money you won't be hurt much, meme coins are worth the risk since they are currently trending and many people have made huge money from them already

darmin

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Only shiba and doge among the many meme coins are worth owning. Many other meme coins have sprung up and among them have no supporting fundamentals. But if you dare to take risks, meme coins can be used to make a profit in the short term because it has no utility. Most meme coins rely solely on community so I don't think it has a clear purpose yet.

LUCKMCFLY

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Quote from: bluebit25 on November 02, 2021, 06:06:50 PM

Quote from: cheezcarls on November 02, 2021, 04:50:36 PM

I'm already done investing with meme coins. I had 8 and only 1 of them that I made at least x3 profit. The rest are just either at a loss or rug pull. I know that others are happy with the gains of DOGE and SHIBA, but they're not good in the long run as they have no real fundamentals. Look at the latest rug pull of Squid Token. People fell for it because it was inspired from a popular Netflix series without doing their own research. Only luck ones had got out before the unexpected happens.

It is true, and we must know that the profit and risk from meme coin is huge.
I don't know too much about these coin memes but most of them when I look at them are shitcoins and are praised by the KOLs in a very funny way, they can only fool ignorant people. Fomo following the crowd with these is really a huge risk, we here believe in technology and this meme trend is really creating a lot of trash in this space.

I really don't know how reliable these meme coins are, for years in 2017 I saw Doge only as a meme, I did not see him as a cryptocurrency, I also came to see her as the main currency and queen of the Dump and Pump, which there are many specialists who only look for these coins.

Seeing that there is a lot of FOMO for this currency, it is uncertain for me to think what can happen? Elon Musk sponsors or sponsors Doge at one point and made him give the biggest pump of his life, but Shiba? If a very influential person enters, perhaps he can raise this currency, but I think that entering this currency is still a high risk for investment.

Alanaz

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Quote from: nekorakoeora on November 06, 2021, 11:39:32 AM

Meme coins are not something to watch out for. It's simple, if you want to play then come in. It was originally known that this was just a coin that was considered a intercession without any genius. of some of the memes that stand out doge and some of this time shiba. This meme is crazy. But the loss can drive you crazy.

That's right, this is a choice and it all depends on you.
ready or not to take risks there when indeed you are ready to take risks then do it, but on the other hand when you can't afford the risks that are there then don't go in a dangerous direction.
as long as we dare to take decisions and risks that will indeed lose why not do it.
on the other hand, even if you lose or gain it is a choice that you really have to look at how your position is in and out of

jostorres

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Quote from: JangoUnchained on October 20, 2021, 12:56:26 PM

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

Some people are the ones who end up leading themselves into misery. Just because they have seen coins like DOGE and SHIB having huge pumps in the market, now they are looking for new coins that are going to have such huge pumps as well so that they can get rich overnight and at last they all end up dumping that same coin.

This is how most of them end up losing their money, and start calling cryptocurrency a scam, while they are the ones who misled themselves. If you are a newbie and you want to invest in the cryptocurrency market, it’s always advisable to go for coins that are highly trusted especially coins like Bitcoin, Ethereum, and the rest of them that are well known in the market and not just any random coin, maybe because you had a story that you might be able to get rich overnight because they can pump 1000 times in a day.

nekorakoeora

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Meme coins are not something to watch out for. It's simple, if you want to play then come in. It was originally known that this was just a coin that was considered a intercession without any genius. of some of the memes that stand out doge and some of this time shiba. This meme is crazy. But the loss can drive you crazy.

Ten98

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Quote from: FloridaKid on November 05, 2021, 07:09:38 PM

Thanks for the warnings but unfortunately there are too many people that have interest in meme coins only after they saw how many millionaires are born with doge coin and shiba inu, people don't really care about projects utilities everyone just want to double their money in days or weeks

It's just a goal in the end, because those who choose good coins and have utility too are to double their money at any given moment, which means that profit targeting is definitely there, so taking advantage of the good moment when memecoin gets hype, it's a very good thing as long as still very early.

geegaw

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Quote from: Jose Mourinho on November 04, 2021, 01:52:53 PM

Investing in crypto requires a high level of caution, especially with new memecoins that have greater risk, before investing it's good to study and analyze more deeply about the meme coin you choose, that way you will know whether the coin is worth it or not invest, if you are still a beginner you should avoid new coin memes so that things don't happen that you don't want.

A few months ago, maybe people would heed your advice and become wary of meme coins when the memecoin lost its initial expectations, a lot of bad results have existed and the value doesn't hold for long and gradually goes unnoticed by investors after a few days of being listed but now, in the face of advice and research requirements, most people leave these factors out. Because memecoins like SHIB have revealed too many new rich people, the temperature of the memecoin craze that is falling suddenly resurfaces, this time it seems to be serious and its madness is getting higher

2girls

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I agree of that point because in some meme coin you invest your money then that coin scam in future and the another reason is that the Many meme coin are not rise there price .
And some the meme coin you invest your money and you receive a high profit so some meme coin are very interesting project and they rise day by day so in my opinion is that be careful to investment in meme coin.

globalpain

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Quote from: Teknisi88 on November 06, 2021, 02:56:02 AM

Quote from: ZAINmalik75 on November 05, 2021, 12:46:56 PM

Yeh its absolutely right that investment in new memes coin is too risky because they are highly volatile and has alot of chance to lose money .because we know that memes coins has no fair concept . in previous days squid coin lose the fund of too many people. Due to this reason more people hasn't trust on memes. So I suggest to don't invest in memes

Yes, investing in coin memes is very risky. But in my opinion, this meme coin can be used for profit and short-term trading. Because meme coin has no use and a big enough risk.
Even Elon Musk once said that "coins are just for fun."

I totally agree with you because indeed meme coins are not the right choice for long-term investment, moreover the risk is very large,
if we can use it properly i think meme coins can make a profit,
after all it all depends on us how we manage the coin

Teknisi88

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Quote from: ZAINmalik75 on November 05, 2021, 12:46:56 PM

Yeh its absolutely right that investment in new memes coin is too risky because they are highly volatile and has alot of chance to lose money .because we know that memes coins has no fair concept . in previous days squid coin lose the fund of too many people. Due to this reason more people hasn't trust on memes. So I suggest to don't invest in memes

Yes, investing in coin memes is very risky. But in my opinion, this meme coin can be used for profit and short-term trading. Because meme coin has no use and a big enough risk.
Even Elon Musk once said that "coins are just for fun."

sirminesalot

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Quote from: 19Nov16 on November 06, 2021, 01:32:06 AM

We must always be vigilant with coin and cryptocurrencies memes, even when investing in bitcoin does not guarantee profit, daring to take risks is a mandatory thing that we must have so that we can be successful like Elon musk who invests cryptocurrencies and is now successful in becoming the world's richest people in this earth.

It's too far if we are looking at the way that elon musk making crypto profits by investing on meme coins, elon is not taking any risk of investing on any meme coins because he has the power to pump any meme coins that he holds by spreading it to his twitter and their followers will buy the same coins.
So it's not make sense if you are following the way that elon musk making money in crypto.

Dr.Osh

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Quote from: DeathAngel on November 05, 2021, 03:12:37 PM

Definitely be careful with new meme tokens & certainly do not invest even a moderate sum of cash. We all saw what happened with SQUID GAME TOKEN when all its investors got rugged recently. Only invest what you can afford to lose.

The SQUID GAME TOKEN is actually a valuable lesson for people who are interested in the new meme coin. however, I strongly believe that scammers will not stand by the hype that is happening right now, especially for meme coins. I think, in this 1 month, a lot of meme coins have been developed. I prefer to choose popular coins over meme coins. Also, don't look at a project from what other people say, but do your own research. meme coin is very risky for now.

19Nov16

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We must always be vigilant with coin and cryptocurrencies memes, even when investing in bitcoin does not guarantee profit, daring to take risks is a mandatory thing that we must have so that we can be successful like Elon musk who invests cryptocurrencies and is now successful in becoming the world's richest people in this earth.

FloridaKid

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Thanks for the warnings but unfortunately there are too many people that have interest in meme coins only after they saw how many millionaires are born with doge coin and shiba inu, people don't really care about projects utilities everyone just want to double their money in days or weeks

chaser15

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Quote from: dEjAvOU on November 02, 2021, 08:37:23 AM

I'm a fan of coin memes, and have made more than 10x profit from the initial $200 capital, coin memes are risky but now it's a trend and it's hard to stop me from investing in trending coins like coin memes.

Meme or shitcoins are rising to buy for such of investors like you. Otherwise why meme coins trend is high in the market. Yeah, i agree with you meme coins sometimes are huge profitable it’s depend on the timing, If you able to pick in the right time and sell high price. It's actually pump & dump coin. 10x to 20x profit already proven by Doge,Shiba,Safemoon if i'm not wrong.

That's the dangerous and risky part. Others think that these meme coins are worth it because they are pumping x10, x20, x50 but they are not aware they are just being played with big whales. There are lots of big whales at these coins and those who are in the bottom can easily be manipulated.

Just trade at your own risks. I'm trading these meme coins but I'm not expecting a big profit scheme here. Just my usual buy low sell high is done here.

uelque

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Quote from: JangoUnchained on October 20, 2021, 12:56:26 PM

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

I believe newbies are already aware of this memecoins stuff. And you can easily tell that a coin is just a copy of another coins using online platforms like tokensniffer and etc. and they are all free. It will show whether the smart contract is just a copy of the other, and also if there are associated risk along with the contract. I believe almost everyone in memecoins knew such platforms because it's everywhere to be honest. But the problem with people is they're willing to take the risk for the chances of becoming rich, and so you can't stop them from investing on shitcoins which we all knew has the highest chances of gaining profits like x10 or x20.

Hypnosis00

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Indeed, we should be careful on choosing coins for investment either it was new or not.
Meme coins like Doge and Shiba Inu are something doing good, they got in in hype and we can't deny that many people had hit a huge profit unexpectedly. Does it call that they are too lucky? Maybe?

For sometimes we regret missing an opportunity but if there is no shilling happens to Doge, I don't know if that it gains such a huge increase. However, with this Shib project, something looks more promising than Doge but then, remembering it is a meme coin, that's we need to be more careful.

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