Be careful with new meme coins - page 4.

bluebit25

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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.

Luqman

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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.

At least, you got the experience that meme coins aren't good coins to invest in. From 8 meme coins you ever had, only 1 can gain profits, it is a valid reason why meme coins aren't recommended. Previously, I also have some meme coins, I sold them too early because the price increased after I sold the coins. I am also not lucky with meme coins, so I prefer to buy top altcoins now.

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

I know that others are happy with the gains of DOGE and SHIBA, but they're not good in the long run

They know well the pump-dump phase of those coins, that's why they can gain big profits. Not all people know the pump-dump phase, only those meme coins armies know well. Anyway, you are wrong if buying meme coins for a long term holding.

vabchgent

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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.

Yes and even if it doesn't end up as a rug pull, how on earth could someone predict a moon flight like Shiba did? I really didn't believe that to happen ever.

It is certainly manipulation, but yes I know that is what you have to take into account trading cryptos anyway. Still though one would wish for some rationality because that would make analysis more valuable. Then again you could argue that I should just change my style and way of analysing coins. Shiba went so crazy that I am still shaking my head! Cheesy

cheezcarls

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Looking for gigs

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.

jaberwock

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Quote from: ?? on ??

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

Yeah, I can say that all memecoins are shitcoins. All the ones that went up a little bit are the ones that basically got a little bit of attention and hype and that's it, we really do not have anything that we should be focusing on in the crypto world that is fully fundamental and good projects and they will make you the money. That is why all these shitcoins are getting too out of hand because some famous person said something nice and all that. I will definitely keep my money out of stuff that go up with hype, I want stuff that has good code and innovation.

Valak

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Quote from: bamb on November 02, 2021, 09:10:50 AM

It could be said that this year in cryptocurrency is the year of the meme coin. Elon musk started it with it's unsolicited doge shilling and hype and every dev and investors in cryptocurrency have taken a cue from him. I thought by now we would have gone pass meme, unfortunately, here we are again. I believe very soon cryptocurrency trend will move into something else until then, be careful out there!

In mid 2021,big pump price dogecoin. The reason is many public figures, such as Elon Musk who make uploads related to Dogecoin through his twitter account, the price continues to the moon. 2021 is year of the meme coins heyday

Mpamaegbu

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Once a man, twice a child!

Quote from: ardydyon on October 22, 2021, 12:04:06 PM

buy coins that are included in the top 10 rankings on coinmarketcap.
because the coin already has a clear project and a large market cap.

This isn't actually true. There's no guarantee that because one is buying from the top 10 ranked cryptos one can be profitable. What does one gain buying Tether, to start with? Tether is number 4 on the list, by the way. I'm sure that you stretched it to number 10 so as to accommodate Shiba Inu and Dogecoin. Remember that at a time, Shiba and Dogecoin were a complete write off. Almost everyone screamed that they were of no good. But look at what they've become today. Such is the life of failure. No one embraces failure or a failed project. I quite agree with OP that investors should be careful buying memetokens. But the advice should also extend to every new project, not just memetokens alone. We also have worthless new cryptos without substance and utility that aren't memetokens but whose only target is to steal investors' funds coming to the market almost on daily basis. The first thing every investor should do before buying is DYOR and if they're ok with the project, they should buy it. It doesn't matter if there's a public outcry against the project. Not everyone sees the same thing at the same time. It may take some people weeks to see what you see now.

Slon55koz

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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.

Everyone has the only right strategy for him to make a profit on the cryptocurrency market. If this strategy works and you get money, then it's very good. Someone prefers to take risks and get x's of profit, while other people want to reliably receive even small amounts from investing in proven coins.

bamb

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Activity: 938

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It could be said that this year in cryptocurrency is the year of the meme coin. Elon musk started it with it's unsolicited doge shilling and hype and every dev and investors in cryptocurrency have taken a cue from him. I thought by now we would have gone pass meme, unfortunately, here we are again. I believe very soon cryptocurrency trend will move into something else until then, be careful out there!

sulendra12

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People can actually take profit with meme coins, but it's not for everyone. If you think that you can earn profit easily with meme coins and then you should rethink you overall decision. People should be careful with meme coins especially this time because so many new meme coins are rising to the community and people so easily getting hooked up by these low quality coins, whatever you do please do the research before anything.

RiskySanchez

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But the fact is that many newbies are affected by FOMO because of the hype impact meme coin, as we know in this year the development of the doge coin and shiba community which makes anyone want to invest early in the newly launched meme coin without knowing the game behind it. so thats why we must make sure to control our money don't invest in the wrong meme coin without knowing future plan of the project

dEjAvOU

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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.

Tigerheart3026

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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.

Matteorsini

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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

My favorite altcoins are ETH, BNB, MATIC, LTC and this hidden gem PAYB, I don't know the reason why people keep not seeing this amazing altcoin. They’d rather waste their hard-earned money on these meme coins than invest it in a more established and promising project like Paybswap. They’re launching an innovative DEX, connecting Binance Smart Chain to Etehreum via super-hyped Polkadot ecosystem.

FanEagle

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Investing your money in all these new meme coins that we are seeing these days it’s a huge risk. I have not even picked interest in any of them ‘cause they’re always a joke to me, may looking at them and everything about them, you can easily tell that there’s nothing serious about all these new projects that are coming out. If I wanted to invest in any memecoin,it is definitely going to be shibainu, because this one has proven to be reliable investment.

I know that some people do think that new coins are the best because they can pump at anytime and make them lots of money, but they shouldn’t also disregard the risk that are involved. Before buying any cryptocurrency you have to be ready to do a serious research on that and look through it before you start investing.

Ziskinberg

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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 have not to say that meme coins are all shitcoins/worthless coins, and in fact, they're some that are profitable and growing like Axie Infinity. But to talk about and question the new meme coins capabilities, I'm doubted unless they had proven it.
To be careful and wise in choosing coins for investment is vital because this will certainly affect the results of your investment. Even though we are not sure what will happen next but choosing the right one, the right coins are somewhat beneficial and could give us some assurance as well. let say, we can make a huge gain but at least we don't lose our money which is important.

JeWay

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

We are aware of the various dangers that 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.

It is very clear with what you are saying because people who make rash decisions are people who only see about an advantage that has happened to others, even though he himself has never been lucky and will still try to get it.

bhooscream

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Quote from: Marvell1 on October 27, 2021, 05:30:18 PM

We better stay away from all of them because we will lose more than gain

I don't think meme coins should be avoided. Doge and SHIB are the two examples of meme coins that can make people be rich in a short time. There are many true stories that people can earn a big amount of money from trading or investing in meme coins. The main point is to check carefully how good the team members of the meme coins are. We also need to know that the meme coins have a big community to support the price improvement. For example, in SHIB coin, SHIB army has a big role to make people be interested to buy SHIB. SHIB army is formed from the community.

letyouearn

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Treat all these meme coin experiments like gambling. Or like extremely risky venture investing. Bet 10 dollars to win 1000 - that's a good idea sometimes. If you are ready to try this several times without any guaranteed results.

rugrats

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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

For me, many male market participants, memes are hype coins that develop in a very crazy exaggerated way that we can hardly predict. So what you warn is essential. It seems that some people take advantage of this to sell worthless coins and promise huge profits to those who invest in it. I never rejected meme all zero Special value 2 Shib Inu coins and Doge is one of the 2 most successful meme coins in 2021.

Topic: Be careful with new meme coins - page 4. (Read 927 times)