Topic: Be careful with those memes coin at there (Read 386 times)

They always says that a word is enough for the wise though I'm not actually saying that trading meme coin is not good or anyone who's trading memecoin is not a wise person please don't get me wrong or twisted. And also e get one DJ or abi na hype man wey dey always talk say if your skin your full no put body, if you no say you never mature for memecoin trading e go better make person avoid am because e  dey very very risky the fact say person dey turn millionaire and billionaire over night with memecoin no mean say everybody go or fit turn into millionaire and billionaire over night. But ah no totally believe this one you talk say there is no short cut to success the reason is because if God found favor for your side my brother forget.

Wetin dey actually push many people go enter this thing na say dem dey carry dia problem dey com trade so e go make dem jump on any opportunity wey dem see without trying to know d dangers of the opportunity sake of say dem don hear say person run am com become rich, dem too go wan try luck but at the end of the day dem go com loose money wey dem no get dats is why e good say if you wan go into trading, make you no go dey use money wey be say you for use chop or solve problem dey go use enter trade den when e don cast you go come dey blame person or dey say na scam or one or two negative talk dem.

My most recent losses come from memecions and that is to tell you that memetics should be avoided because investing in them is as same as gambling, you could lose everything within a blink of an eye because it's all gambling, if you want to invest buy Bitcoin and hold in your wallet don't go for altcoins because na scam most of them be oooo.

Those who buy memecions can relate to the fact that they make more losses than gains, and for any memecion that did well in the market, it is all based on hype with pump and dump activities that leave investors losing at frequent intervals.

When we talk about quick rich chasers on the Memecoins I think we should also refer them as those who aims to get rich on gambling as results on gambling could showcase in a quick period of time as that.

They all points to greeds and laziness because of there is such a get quick rich, then everyone would had made riches out of just trading and investing in the Meme markets if it is so easily achievable based on the market hypes.

In the Memecoins industry, we don't only fear about the coins loosing values after much gaining tangible values but we also fears that such coins currently valuabilities should not be a trick of luring enthusiasts to the pit of becoming a scam.

So it is being pathetic to grab what Memecoin is genuine and also how to master the trading market of it unlike Bitcoin trading that can likely be mastered which enables it traders sensitivities to ject out of the market either to avoid losts or minimizes their losts.

That person is lucky as he didn't lose everything that he had. Alot of people are losing in memecoins but the media won't tell you their stories because most of them don't even open up to the amount that they have lost but immediately they make the least profits, they'll be all over our timeline singing praising to the memecoin they bought.

No be everything wey people dey do na him you go follow them do. Do your ow and wait on God because with just Bitcoin, you can make it. Some of them na altcoins their own grace dey so na to know where your own grace dey and hodl through.

Sha e better to stay with Bitcoin but I'm not against small gambling elsewhere to see wetin life fit hold for you too.

Exactly, even if you have a lot of money and no knowledge, you will never be successful at anything since knowledge is the key. Some people profit in the short term with meme coins because you can predict it; you can lose your funds quickly and still make a large profit with meme coins, because I have some people who like to invest in all of these meme coins; they don't believe in long periods of time; they prefer to invest for the short term; if they lose, that's fine; if they win, that's great. Meme coins are very high risk, and if you can afford the risk, you should only focus on investing in the long term and to invest on bitcoin, because that is the coin that will be minimize your risk by not losing too much of funds. But if you are prefer to run short term and achieve huge profit, you need to lose alot of money before you can achieve that, because not any meme coins you will invest and he will raise a day or week some drop and take long years before he pump. But if you are risk-taking you can do but if you wish coin that will minimise your risk in crypto is only bitcoin. And if you are patient you will achieve huge profit at of it.

In trading the amount of leverage that you use determines the level of your profits and also risks, let say if you use some where above x20 leverage or anything above that, you should be prepared for possible loses also as well as you prepare for the profits if the market goes in your favor, this is very important not only on memecions but even while trading Bitcoin and the rest of the other cryptocurrencies, what makes memecions to be more risky than Bitcoin and ethereuem and the rest of this solids coins in the market, the main factor for the high risk in memecions is the aspect of the fact that memecions have no support whatsoever and everything about memecions is just depends hype.

So there is no strong ecosystem to support the project , so leaving in hypes is like a shaft just one blow it all thrown away to the air, but I see that many cryptocurrency investors prefer the quick return, amd while their are carried away with that expectations, anything can happen tbst period.

Stories like this have been circulating more of recent as the bull run began. Cases like this have been there before but as the bull run came, it become more than before and more people are been rugged investing in memecoins. Degen is just another part of cryptocurrency that is entirely different from other parts of crypto investment. It is highly risky and requires a lot of knowledge to succeed in them. Information is another thing you’ll prioritize if you want to succeed in degen. Most of them belongs to community where they get first hand information about the new memecoin to invest in with potential prospects, if you invest too much and it doesn’t go as planned, you’ll immediately lose everything.

Degen traders don’t put their eggs in one basket, they separate it into different memecoins, if one doesn’t pay then another one that pays will cover for the loss of another. It is not that easy as it sounds, it’s very risky and you can lose all your investment in one day without even realising how fast you lose everything. Everything requires the right knowledge and even after getting the knowledge, you should also know that it’s an highly risky investment that you should only invest what you can afford to lose. Degen is not easy and don’t be deceived or lured by how people make money through them, it’s not as easy as they say it.

The main reason why people invest in meme coins is because they are always looking for a fast and easy way to make money, and they believe that they can get that kind of reward from meme coins alone. They don’t want to invest in bitcoin and other strong altcoins because they don’t have the patience to hold it, they just want something that will make them rich overnight. They don't even care about the risk that’s involved in it, they know they can easily lose money, but they will still take the risk just because they are looking for quick money.

Some people don’t even know what meme coin is all about, they just decide to put their money in it just because they hear from people that a particular coin is going to perform well, and they will rush to invest blindly. Most people investing in meme coins are always following signals, mostly dropped by all these influencers, and some of those influencers are also scammers.

And you know that's how folks also turn their millions to little dollars, concerning it been part of this Crypto space that's true, but I don't like the fact where folks go online making it easy that one can easily get rich by trading some shit coins that's highly volatile, without mentioning the high risk in it rather showing some wins , given newbies false hope and after trying most get themselves reckt is better to have little than to have known, so before telling or encouraging anyone to go into anything first tell them about the advantages and the disadvantages in it .

You have said the fact meme coins are not advisable to join, but if you are the type of person that likes taking high risks, then meme coins are for you. Like you mentioned, a lot of our Nigerians always like where they can earn a lot of money with less effort; that is why a lot of them are involved in crypto and sports betting. 
 
So meme coins have one thing, and this thing is also included in the theory of financial mistakes, which is, “Without taking the risk, you can’t get rich.” This quote means a lot, which they are not telling you to trust your last savings on meme coins just because you see someone post that they are making it big with meme coins. You have to maintain your own financial management so that you will be able to invest or trade with some percentage of your main money, which, even if you lost it, you will not be affected by, but most of the newbies don’t do that, which is the main reason why they will still have to be a victim of loss in the crypto space.

This is a very good advice, it’s indeed a high time to be very serious and be very cautious about the coins we invested in especially the DEX trading aspect where some people do invest for just shot period of time not knowing that some these new coins are just to rug pull innocent newbies that know nothing about cryptocurrency; and as a result of FOMO, many people are losing money, while many are also gaining now that market trend is bullish.

Memecoins are good coins to invest on, but newbies should learn about the project before they invest in the project because some newbies will just invest in any new project due to FOMO, they don’t care about any research about the project, and this act will always resolve to lose of money even though some of the act do become profitable, but the risk is very high.

People are turning Their little bucks into millions with memecoins, few weeks ago a lot of people made millions just from buying These shit coins. You shouldn't regret or beat yourself up too hard if you are not investing in these  highly volatile coins, although that's the generality of what crypto is all about but the risks behind shit coins are very high, it can crash at any time. I heard a story of someone who sold his BTC just to buy memecoins and he ended up losing more than half of his investment in the market. Just focus on BTC and stay away from Bitcoin

Memecoins don send plenti people go villa(exaggeration intended)but shey you sabi say like this now na meme coin wey people believe in say go fit make them blow pass bitcoin. Na him make all of our people no wan use ear hear say new memecoin project don show. Some of them sef get all these groups wey dem don join so that dem nor go miss out and dem go be the first people. We already sabi say na the first set of people dey always cashout well well. 

People wey don even lose for this memecoin before no care, their mindset be say e must to pay one day. The way I dey see memecoin now be say na only people way dey active for social media and dem get plenty follower dey cashout better money nor be that kind $8 wey people dey cash out for tapswap.

You should be more careful in getting potential profits from memes as experienced investors do and they make large holdings to get their profits. Most of the altcoins that are in the market are very risky and you should be more experienced when investing. I can confuse the alternative of holding Bitcoin with something else, it feels like gambling. Bitcoin is an investment strategy that helps your holdings grow over time and is an important hedge along with real assets. So you need to focus more on holding Bitcoin over time.
I am a bit skeptical about memes because the market is pumping and dumping them so fast that it can take some time to figure out a possible strategy and it can be difficult to recover capital.

You reading it wrong mate , I didn't call Solana meme coin I only said Solana memes coins (these are memes coins found under sola. Network) , maybe you haven't heard of it before so you can do some research to understand buying and selling of memes coin through Solana and other network. Is not future trading though is a like a pump and dump stuff you buy a random memes , and it rise due to some certain hype via medias e.g like recently we have chillguy , pnut and the others.

Yeah when comes to holding Bitcoin is the best and more safest compare to others , Bitcoin is way different from the other token , and the reason why will still encourage folks to buy Bitcoin is because of its long-term potential, because Bitcoin is tend to grow over time.

Point of correction, Solana is not a meme coin, it's an alt coin, secondly the trading you are talking about is it buying and holding you are talking of? Or futures trading?
If you are talking about buying and holding, I think that aside Bitcoin, holding other asset are very risky, though it can print a whole lot of money for you in a very short period of time, but it can also get you burnt.

But if you are talking about futures trading, then to me it's not really necessary on which asset you are trading, what it's very much important is how knowledgeable are you in the craft, if you knows nothing in it and you still went ahead and be trading only Bitcoin, you will still get burnt because you lack the right skill, discipline and knowledge to enter the market and comes out profitable.

Lastly, if it's holding of cryptocurrency, then I think that Bitcoin is the real deal, because the way it's being structured, it's more beneficial to hold for a very long period of time, unlike the meme coin that is being structured to boom for a short period of time and died down after then, so it's best to use our discretion wisely before acting in what so ever we which of doing.

It could be a matter of luck, meme coins are the most shitty kind of investment that reaps investors everything they worked and invested. Meme coins can at times be profitable but has a lesser chance of profiting, why then not prefer Bitcoin over involving in any meme project. Anyone who chooses to invest in meme coin should first of all think twice, it is better to have a solid portfolio in Bicton then maybe shatter a little funds into these altcoin or meme coin as they might be lucky enough to pump massively and generate profits to investors from very little amounts invested.

Trading or investing in memecoins are just waste.of time and energy. Memecoins have deceived a lot people to invest and lost their funds there. Like since January it is now that Ethereum hit $3,7+ yesterday and that is not even a profit for their who invested in February or March thinking that it would rise up but it didn't and upon all this period they were just wasted their funds their. And coming to the ones they launched this year which are the worst. Cati, Hamster Kombat and others have disappointed many people.

We should just forget about memecoins and focus only on bitcoin investment.

Life is all about risk because "no risk, no reward" so we must take risk always on order to succeed.  The question is, what kind of risk are we willing to take? Are they informed risk or risk born out of greed? Anyone going into memcoin trading must weigh the risk and about putting money that he cannot afford to lose because with memecoins, everything can be lost. I have seen few successful people who invested in memecoins but the number is so low compared to the number of people that lost money to memcoin. So, everyone should use the experience of others to make decision... Like I said before if trading memecoins,  use only what you can afford to lose.