Be careful with new meme coins - page 6.

Vaculin

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Winding down.

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

Swapping of tokens wasn't new in the market and besides, this has a benefit from them and the investors as well. But if you said that they are doing this to escape from being caught with their evil intention and leave investors at loss, that is something we need to address.

That right, we should be wise in choosing projects to invest in, not only for meme coin but for all new projects as they are mostly the source of fake/scam projects. That is why we should have to check the credibility of the project and the team itself before investing for assurance.

Shasha80

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Quote from: tvplus006 on October 25, 2021, 05:08:24 PM

Quote from: layoutph on October 23, 2021, 04:53:58 AM

There plenty and actually thousand of newly sprouted crypto meme coins specially in the BSC network. Some gamblers are playing luck and easy money with these coins. Majority of these coins are related to DOG meme coins.

Such coins attract traders with the opportunity to get a high profit, which is impossible to get by holding top coins. But not everyone gets a high profit, many lose their money. Therefore, if someone decides to trade meme coins, then you definitely need to use a stop loss to minimize your losses in case the price moves in the opposite direction.

It must be admitted that the profit that can be generated from meme coins is indeed much greater if we compare it to investing in popular coins.
But don't forget the risk is also very high, if we're not careful and it's too late to sell the meme coins that we have, we may lose all the capital we have.
I could say investing in meme coins is like gambling, because it is very difficult to predict its movement and if lucky the price can go up very high.
But if a dump occurs, the price can fall very deep and it may take a very long time to recover. What happened to SHIBA INU that managed to reach
new ATH is an example of why many people are starting to be interested in investing in meme coins. One way that we don't experience big losses
when the meme coins don't move as we expect is to use stop-losses. So the losses we experience can be minimized, my advice is don't think about
long-term investments in meme coins. So if there is an opportunity to take profit, do it as soon as possible. Because meme coins are good for
short-term investments.

tvplus006

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Quote from: layoutph on October 23, 2021, 04:53:58 AM

There plenty and actually thousand of newly sprouted crypto meme coins specially in the BSC network. Some gamblers are playing luck and easy money with these coins. Majority of these coins are related to DOG meme coins.

Such coins attract traders with the opportunity to get a high profit, which is impossible to get by holding top coins. But not everyone gets a high profit, many lose their money. Therefore, if someone decides to trade meme coins, then you definitely need to use a stop loss to minimize your losses in case the price moves in the opposite direction.

bitcon

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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 better to stay aside from meme coins I think. There was a hype around them in spring, but now most of them are dying. There was news that Buterin has sold 6 meme tokens for 4,3 million dollars.

After this, many meme coins decreased by up to 70% so I think that it is better not to invest in them now as it is unclear if any of them will pump again or this hype will not return any more. Huh

Marble777

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if I'm not mistaken, meme coins like DOGE have a very cheap selling value. I didn't even think of pocketing the DOGE before the pump started. because I think that such coins are not profitable for investment. but instead when ElonMusk published on a twitter post about DOGE making the price go up drastically, people started coming to invest in it. including the scamers took advantage of the opportunity to create hundreds of new projects with meme concepts! for me personally it's bad, and not at all interested in meme coins.

michellee

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They want to make a big profit from that meme coins, but they do not realize that meme coins are not the same as the altcoin you mention. Besides that, they think that using small money will make a big profit in the future. Well, that is not wrong, as long as they can select the right coin and that coin has the potential to increase. If they only hope from meme coins, I am afraid they can be sad to see their investment not give them the profit. That is why we need to analyze every coin we want to buy, not to select the wrong coin.

matchi2011

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Quote from: imstillthebest on October 23, 2021, 05:05:15 AM

fake meme coins ? but are there even legit meme coins ? when both of them have the same offer but yeah i noticed them too whenever i visit coinmarketcap and also to coingecko ,
some of them are featured in the middle of the page because they are trending or have pumped . its easy to recognize a meme coin by its name but not all that they feature are meme coins .

Not sure what's the basis of Meme project to become a legit one before but with DOge and Shib where big names are involve
these Memes received interest and support from investors who love taking the risk, people who see opportunities, even a huge risk are
taking place, they are willing to gamble with Meme coins and they are using listing sites to check if what hot memes are pumping
to invest their money. Having a lot of spare money to be an advantage it's like a gamble when investing with meme asset.

The Cryptovator

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Coin meme or not it doesn't matter of legitimacy. If you ask me then I will say 98% token or coins doesn't have a real concept at all. All project has been running to raise funds and skip. A few coins list on the exchange but do not continue further developing processes, because they don't need to do so. They raised funds and enjoying with that. I will warn before investing in any new project, doesn't matter meme or not.

Even there is a potential concept but we can't do anything if they ignore further development. So it's very difficult to choose a real project nowadays due to scam trends. So investing in a good existing Coin is safer than a new project. You should very very careful during investing in a new project.

pawanjain

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Nothing lasts forever

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

Meme coins are meant to be taken as a joke but people are actually trying to make a quick buck by trading these meme coins.
Any person who has asked me about trading any of the meme coin has only got one advice from me and this is not to waste your time and money buying these meme coins.
The thing is that most of the people thinking to invest in these meme coins are just buying them because of the rapid growth in their prices.
But what they don't understand is that the increase in price won't be sustained for very long and the price will drop down soon.

awik p

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Quote from: Jackl87 on October 23, 2021, 09:57:59 AM

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 can second that meme-coins can be extremely dangerous for investors that are completely new to crypto and just saw the news that "GUY XX made 100.00$ profit with an investment of just 100$ into meme-coin XX". Then they just throw their money into a meme-coin that sounds similar to the one that had this pump and then their money is gone. I also think that this whole meme-coin wave is very harmful and dangeorus for the whole crypto space as it holds off serious investors from making their move into crypto. In the end 99% of all those meme-projects will be dead within a few weeks.

it seems that meme coin is targeting novice investors who are tempted by the upward movement of the pump, they seem to regret missing this moment. in the end the money dropped drastically because of the dump market. and what they are doing, many of them are holding while hoping the price will recover, and their hopes seem meaningless

Jackl87

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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 can second that meme-coins can be extremely dangerous for investors that are completely new to crypto and just saw the news that "GUY XX made 100.00$ profit with an investment of just 100$ into meme-coin XX". Then they just throw their money into a meme-coin that sounds similar to the one that had this pump and then their money is gone. I also think that this whole meme-coin wave is very harmful and dangeorus for the whole crypto space as it holds off serious investors from making their move into crypto. In the end 99% of all those meme-projects will be dead within a few weeks.

pantek talacuik

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Quote from: oemar bakrie on October 23, 2021, 08:53:36 AM

Various methods are always used to seek personal gain.
best way just don't follow or buy new tokens and no good returns going forward.

The right way to buy when the price of the coin is fairly cheap and get a big discount, you can buy in large quantities in the future. There are many ways to generate personal profit in the future, but I prefer to invest with a longer term.

7788bitcoin

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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 am yet to understand why Shiba Inu got these huge hype and i still believe that it was created mainly because the developers knew that a hyped up meme coin when Dogecoin was running hot because of the shilling Elon Musk will help them create the hype and that is what it did exactly and majority jumped into the hype and there are several other coins created during that period.

$crypto$

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Quote from: oemar bakrie on October 23, 2021, 08:53:36 AM

Various methods are always used to seek personal gain.
best way just don't follow or buy new tokens and no good returns going forward.

Meme coins are usually created for hype so it is necessary to understand more deeply how to find profitable meme coins, because now many meme coins are popping up all the time they can be traded on dex exchanges and this could be liquidity being pulled and becoming a rugpull that we often hear that, maybe some of you have experienced something like that.

Remember if you don't have the ability in this case, it's better to avoid it before there is a big loss on what you invest, then once the hype meme token can benefit you many times over.

samcrypto

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Quote from: layoutph on October 23, 2021, 04:53:58 AM

There plenty and actually thousand of newly sprouted crypto meme coins specially in the BSC network. Some gamblers are playing luck and easy money with these coins. Majority of these coins are related to DOG meme coins.

Many are making money out of it while some are still struggling simply because they didn't know what they are doing so if you are planning to deal with Meme tokens better to understand it first and of course know the risk since this is meme token you can expect a more volatility and there's a higher chance that they'll be dead soon as long as the developer already took his profit. Meme tokens are originated with teh Doge hype, looks like they'll continue to come especially now that there's a new hype with SHIB.

oemar bakrie

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Various methods are always used to seek personal gain.
best way just don't follow or buy new tokens and no good returns going forward.

afroza83

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Crypto currency has become a pretty popular market since the launch of bitcoin, but a lot of the market for crypto’s conversation is dominated by meme coins. There are loads of projects and tokens out there with great fundamentals and a good backing for their value from use cases.
However, for every decent coin there is one with a meme-worthy name hoping to become the next meme coin. The meme coin list is now huge. This has led to some confusion between the meme coin meaning and the meaning of normal smaller cap coins. Some people seem to think that all small caps are meme coins, or that these are memes and not currencies at all. This is what you need to know:

martina14

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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

Aside from Shiba Inu, do you have other meme coins that you could tell us here in the forum dude, so that we could be aware for not buying it.
At least with your advise We can have an idea to tell some my friends to avoid it so that their capital will not be turn into waste. Because, for example in Hotbit there are a lot meme coins over this platform and I can't deny also that I have some of the meme coins in which I depend it in the volume they got in the exchange site platform that is why I bought some it.

imstillthebest

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fake meme coins ? but are there even legit meme coins ? when both of them have the same offer but yeah i noticed them too whenever i visit coinmarketcap and also to coingecko ,
some of them are featured in the middle of the page because they are trending or have pumped . its easy to recognize a meme coin by its name but not all that they feature are meme coins .

layoutph

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There plenty and actually thousand of newly sprouted crypto meme coins specially in the BSC network. Some gamblers are playing luck and easy money with these coins. Majority of these coins are related to DOG meme coins.

Topic: Be careful with new meme coins - page 6. (Read 926 times)