Be careful with new meme coins - page 3.

Stedsm

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Quote from: Moeda on November 05, 2021, 05:27:44 PM

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

That's actually what we are worried about, many fake tokens circulating in swap exchanges only use the names of tokens that are already popular. They will say that the token will increase by 100x to 1000x in the near future. They are targeting new people investing in crypto. And this also happened in 2017 and 2018. There is no information about their site. In 2017 and 2018 they took advantage of the ICO line, because ICOs were very popular at that time.

Scammers have found various ways like creating new accounts at telegram with the name of projects that are going to launch, and send messages immediately at the time of launch with a contract address inside. If someone who has not read the official Ann channel or didn't even go to their official chat, immediately copies the contract address of that message (without even realising that it was a message and not an Announcement channel), and buys the coins from that contract, is left no choice but to forget about his money because the scammer not only takes his (the victim's) coins but as he's the one with almost 100% liquidity, immediately dumps the coin's value and takes away all the money. Be careful and highly aware while going to telegram and reading such messages because it takes only one decision for you to become a scammer's next big fish.

Moeda

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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

That's actually what we are worried about, many fake tokens circulating in swap exchanges only use the names of tokens that are already popular. They will say that the token will increase by 100x to 1000x in the near future. They are targeting new people investing in crypto. And this also happened in 2017 and 2018. There is no information about their site. In 2017 and 2018 they took advantage of the ICO line, because ICOs were very popular at that time.

Mahanton

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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.

Not only with meme tokens but on other coins as well which do really have the potential on scamming out investors which you should really be careful on what you are dealing with because not all are on the hype now are typically giving guaranteed profits and its part of investment that hypes and fuds could circle around the market.
You cant really just deal off with things easily to make money which is why you should be wise on everything. Take advantage if you do
see some opportunity.

DeathAngel

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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.

ZAINmalik75

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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

Jose Mourinho

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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.

letyouearn

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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

Let people make their mistakes and gain valuable experience here - they won't succeed in crypto without passing this exam. You can't get rich without losing everything for 2-3 times

Pelana vreo

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It's hard to spot fake tokens, but I'll take a look at the Liquidity pool of those tokens, if Dev locked it for a long time and everyone can see it on Unicrypt.
The contract audit of the tokens they created was also my choice before investing, because this satt many new tokens were listed on pancakeswap then the tokens could not be sold. DYOR before you choose a meme coin, there are still many coins that have good fundamentals that we don't know out there

South Park

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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

You are of course correct but unfortunately this message is not going to reach those that need it the most, people like us that know what is going on do not really need a reminder that those coins are terrible, but the newbies that could make use of your warning are either never going to read it or they are going to ignore it as the possibility of earning a fortune is too much for them to ignore, then they will lose their money and complain about not being warned about it, conveniently forgetting they were indeed warned this may happen.

matchi2011

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Quote from: ?? on ??

Its easy process to copy the concept of a project if it got heavily response! & so is going on, nowadays. Even for meme coins, thats extremely simple! Just create a shitcoin & promote that as meme coin. No use, no development, nothing. Many people showing their interest on it but they don't want to understand, this is very simplest way to fraud with people and grab their money throughout this meme coins.

Make sure to have a deeper capital to pump the coin, meme are usually gained interest when pump happened, those who are lazy and
Wanted to try some luck will follow and invest, taking the risk even the chance is slim. There are people who are willing to take that chance.
believing that if timing is good for them, those meme coins will give them the profits that they desire.

kanayaTabitha

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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

The one invested on meme coins are not just newbies, there are a lot of experienced crypto traders analyzing which meme coins that could make big profits in short time, whether it's from the market cap, the community members, the hype, and ETC.
They will find the right meme coins to invest and find the right time to buy and the right time to go.
And at the end, the victims are the newbies who joined the game late.

Fullcoinese

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Quote from: Tigerheart3026 on November 02, 2021, 08:27:13 AM

Quote from: Fullcoinese on October 22, 2021, 01:05:45 AM

meme coin is hype coin and nothing more.
If I am not mistaken the founder of Ethereum was given a coin "SHIBA INU" and not long after that sold the coin and donated it to the handling of Covid-19 in India. My assumption is that Vitalik doesn't need meme coins "Maybe" Grin

but what is clear is that everyone has their own choice. a little advice if you are a Trader meme coin then you must know when to enter and when to exit.

be careful = https://imgur.com/a/jFv5hBq

good luck.

undoubtedly shiba inu is hype meme coin, btw large number of people it supporters.
vitalik donated shiba inu that's not mean this coin are worthless,
if he wants to sell shib to other currencies it was possible because good price in the exchanges.

but there's also a good side when vitalik burns 90% of its shiba supply makes the price of shiba increase lately this week. this is the address founder Ethereum used when selling the shiba inu.

omone1

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I try as much as possible not to advise my mentees on buying shitcoins, however, they do get to find out about about meme coins on our common grooming group, and I just tell them to becareful because it rises fast and falls fast without mercy.

mksundip

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Quote from: Valak on October 27, 2021, 02:09:10 AM

We are aware of the various dangers meme coin? For professional investors, understanding the instrument from the negative side first is an obligation, to determine whether that coin is suitable as an investment or not.

and meme coin has a lot of strong community to do FUD in the market to convince novice investors. I think the coin meme creator is not just a random person there is a professional behind it. so I think it's a systematically planned scam

Cornia

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Many coins have been launched during this bull run. The number of memecoin is more. Again 99% of these memecoins are copy of DOGECOIN or SHIB coins. These coins always promise huge profit. Beware of these fake promises all the time.

Koro-Sensei

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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

It is more of a gamble than investment. It don't usually go to moon as these one are rug and pull projects. I remember when safemoon appears out of nowhere and these moon projects appeared as well having same functionality of burning mechanisms. Doge is similar but it has an influencer which is the wealthiest man on earth. Shiba Inu in the other hand relies on hype by its Shib Army whales.

BitKongy

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Quote from: Darker45 on October 21, 2021, 08:26:52 PM

Quote from: Princeofpoetry on October 21, 2021, 06:44:16 PM

better learn first how meme coins work. or choose an existing meme coin. it's much better to avoid fake meme coins

I'm amused by this post.

I guess there is not much to learn about meme coins really. How a meme coin works actually doesn't matter at all. By the mere fact that a coin is called a meme coin, it is already an outright admission that it is a coin made for fun. In other words, it is a joke coin. It shouldn't be taken seriously in the first place. So there is really no point comparing an original meme coin from a fake meme coin. Is there even such a thing?

Well, the crypto market is still highly a wild wild west territory. People are literally investing money in jokes.

There is always something to be learned about everything, doge coin as a meme coin has pow algorithm, how many meme coins have that today? Also shiba as the second best meme coin has swap and NFTs too, it's not just a meme coin, how will one knew all this if they judge straight up for been meme projects?

NelfiNovita

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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.

Before buying a new meme coin it is better to know how much useful the meme coin is. There are some meme coins that don't get better in the future and it's possible that the coins could be a scam.
In choosing the coins to be invested, we must be more careful. We can see the meme coin on coinmarketcap if the coin is already listed on many exchanges then there is a possibility that the coin will go up.

NFTart52522

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Yeah. I think beginners shouldn't invest in new meme coins. better learn first how meme coins work. Wink

carlfebz2

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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.

Any coins that other than DOGE itself are shitcoins.It did really just turn out on some other coins like SHIB driven with hype and thats why it did really make out some significant rise but im not really still trusting

up these coins but there are people who do love to play with fire and deal with these coins for possible profits.Some are knowledgeable and some are just driven with FOMO which it isnt really that much surprising.

As an investor you should really be keen on dealing off with things specially if there's some hype attached to it.You wouldnt know on when it would crash.

Topic: Be careful with new meme coins - page 3. (Read 921 times)