Be careful with those memes coin at there

Baki202

full member

Activity: 490

Merit: 209

Quote from: Su-asa on Today at 10:29:32 AM

It's funny how people are a few bucks Into millions of dollars with these numerous memecoins out there, it makes me wonder, are memecoins now a fast way to get rich? I heard a story of someone who sold his Solana that he has been hodling for a long time just to buy memecoins, to cut the long story short he ended up losing all his assets down to zero. Memecoins can make you rich real fast there's absolutely no doubt about it but it can make you broke within few seconds. If you have been in the crypto space for a while and already have ways of making money stick to it and forget about memecoins.

People wan make money and those numbers them they see they actually deceive them na why them still they take memcoin seriously because them no they longer comsider the risk before they invest in am, and they get some you go do you go actually get lucky but the way the thing they go things done change, no be every time luck go they your side but them get people wey they do memcoin and the thing they work for them but assurance no they say he go work for you na the difference be that. As I hear this story like say make I get gun kill the person how you go sell solana buy memcoin wey solana na one of the best altcoins wey person fit put mind for because I just they imagine who give that person that kind advice because na mumu thing this person do so. One of the disadvantage of memcoin be say your money fit loss make you no get am back again but if you they tell people them no wan hear.

Zekiarri

newbie

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Get-rich-quick schemes rarely work out. It's tempting to chase those quick wins, but the crypto market is brutal. Stick to what you know, and don't risk more than you can afford to lose.

EarnOnVictor

hero member

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Leading Crypto Sports Betting & Casino Platform

Quote from: I_Anime on November 26, 2024, 05:54:15 PM

-snip-
So please don't be decieved there's no short cut to success take your time and build your self is better to focus on bitcoin than waste resources on those make coin that can easily suck you dry of your hard money , i will drop a link of some one who endup falling a victim .

You have enough valid points about the advice to be wary of meme coins, especially with the way people are hyping how much they make on social media, they are not always true while others are trying to lure some people into some kind of schemes like Ponzi to swindle them of their money.

What I dislike is the concluding advice, Bitcoin is not the only cryptocurrency you can profit from and people are indeed making multiples of the amounts that would have been made through Bitcoin from other coins. It's better said that everyone should be cautious and DYOR cleverly, they need to understand the coins/tokens they deal with and have the full crypto experience. No need to create fear in people's minds.

Yucky

full member

Activity: 126

Merit: 94

The only advice I have for anybody investing in meme coins is that you should not use your major source of income, festive money, or funds earmarked for next year's investments. If you do, you risk running into financial difficulties, as it's well-known that many meme coins and shitcoins are created solely for personal profit. Even reputable projects like MemeFi have failed to reward their community adequately.

When investing in meme coins, it's essential to be cautious. Whether you're buying tokens, investing in statistics, or playing games with money, ensure that it's not your primary source of income.

I wouldn't advise against trying, as you never know which meme coin might succeed. Out of ten meme coins, one might have potential. So, if you've done your research and believe in a project's potential, go ahead and try. However, never invest more than you can afford to lose.

HajiBagi

sr. member

Activity: 714

Merit: 347

Quote from: I_Anime on November 26, 2024, 05:54:15 PM

We human don't normally want stress and we always want way something just happen quick quick, most folks wan reach the destination without undergoing any journeys.

This period memes coin are booming due to bitcoin recent surging and alot of folks has been cashing out big trading Solana memes coin, due to the huge cashout many newbies dun dey turn Degen , you will be hearing how folks turn $17 to $3m and stuff making newbies to believe that it is easy to make money fast through this means .

Most are now turning into memes traders without any proper knowledge on how the stuff works because they just want to make the money fast , they don't know that same memes can turn $3m into $3 , so I ask a friend that's into stuff like this ( because am not a fan of memes trading) , it was like the stuff ain't easy that the coins are highly volatile, that's one can easily make that huge amount of money and same time lose huge amount of money .

So please don't be decieved there's no short cut to success take your time and build your self is better to focus on bitcoin than waste resources on those make coin that can easily suck you dry of your hard money , i will drop a link of some one who endup falling a victim .

Lost all my money trading memecoins

My problem with some people wey dey always want to make money fast is that some of them don't ask before doing anything that will make them lose their money, no matter how person dey do to make money at least you should ask the process and how you go do to be successful in that thing but there are some people who are very greedy and be thinking maybe if they let people know they will go behind them and buy it or because they only know for there self they don't want anyone to know about it.

There is a proverb that say If you eat only you you die only you, nobody dey drag way of making money with you, the reason why people fail be say them always greedy and greedy no dey bring better thing come person life, this advice na for many newbie because as many of them they hear how bitcoin dey rise and dollar they go up na so some of them go go buy one coin wey be say them no know much about it and after they lost money they will be saying cryptocurrency no be better thing to do.

Su-asa

sr. member

Activity: 434

Merit: 265

Sibi Dabo,,,,,,, Teme Ini Na Sime

It's funny how people are a few bucks Into millions of dollars with these numerous memecoins out there, it makes me wonder, are memecoins now a fast way to get rich? I heard a story of someone who sold his Solana that he has been hodling for a long time just to buy memecoins, to cut the long story short he ended up losing all his assets down to zero. Memecoins can make you rich real fast there's absolutely no doubt about it but it can make you broke within few seconds. If you have been in the crypto space for a while and already have ways of making money stick to it and forget about memecoins.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

There's only one short cut to losing hard earned money so quickly but there's never ways to make money so abruptly without consequences. One can say that it is less stressful to make money from the crypto market which I will agree that it's not so much of a hard work like going to work in the morning and close around 5pm but earning from crypto requires a proper knowledge by the individual.

Anyone that is risking some money to make profit from the meme coins should just be careful and smart towards their decision and should not risk more than they can afford to lose.

Amphenomenon

sr. member

Activity: 700

Merit: 470

Hope Jeremiah 17vs7

Quote from: I_Anime on November 26, 2024, 05:54:15 PM

Lost all my money trading memecoins

This story has many lessons to remind us of in the crypto space, beginners should avoid trading especially using leverage and meme coins.

This shows all that glitters is not gold, getting inspired by Tiktok wins to invest all your money on meme coins is one ironic thing, the social media are always full of such wins but only few post the lost. If many are actually aware of the risks involved they may have just not even tried it in the first place.
While others all thanks to their greed will continue and maybe until dey go bankrupt before realizing their foolishness. Like you said people often wants to find the easy way outs but in the end they suffer more dearly from it. Let's be wise and carefully learn about anything we do especially including the risks.

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: I_Anime on November 26, 2024, 05:54:15 PM

.

This period memes coin are booming due to bitcoin recent surging and alot of folks has been cashing out big trading Solana memes coin, due to the huge cashout many newbies dun dey turn Degen , you will be hearing how folks turn $17 to $3m and stuff making newbies to believe that it is easy to make money fast through this means .

Most are now turning into memes traders without any proper knowledge on how the stuff works because they just want to make the money fast , they don't know that same memes can turn $3m into $3 , so I ask a friend that's into stuff like this ( because am not a fan of memes trading) , it was like the stuff ain't easy that the coins are highly volatile, that's one can easily make that huge amount of money and same time lose huge amount of money .

So please don't be decieved there's no short cut to success take your time and build your self is better to focus on bitcoin than waste resources on those make coin that can easily suck you dry of your hard money , i will drop a link of some one who endup falling a victim .

Lost all my money trading memecoins

Well this is not something new again, I mean it's the bull season and a lot of stories like this will most certainly come around even more well atleast for those that are bold enough to tell it. The bull market brings so many opportunities both for traders and also the patience ones that have being stock piling coins that are strong enough to hold and it's also triggers crazy actions from many people that make them jump into the crypto space and make all sort of mistake thinking it's as easy as the stories they hear and see online about traders making it huge through meme coin trading.

I_Anime

sr. member

Activity: 574

Merit: 252

We human don't normally want stress and we always want way something just happen quick quick, most folks wan reach the destination without undergoing any journeys.

This period memes coin are booming due to bitcoin recent surging and alot of folks has been cashing out big trading Solana memes coin, due to the huge cashout many newbies dun dey turn Degen , you will be hearing how folks turn $17 to $3m and stuff making newbies to believe that it is easy to make money fast through this means .

Most are now turning into memes traders without any proper knowledge on how the stuff works because they just want to make the money fast , they don't know that same memes can turn $3m into $3 , so I ask a friend that's into stuff like this ( because am not a fan of memes trading) , it was like the stuff ain't easy that the coins are highly volatile, that's one can easily make that huge amount of money and same time lose huge amount of money .

So please don't be decieved there's no short cut to success take your time and build your self is better to focus on bitcoin than waste resources on those make coin that can easily suck you dry of your hard money , i will drop a link of some one who endup falling a victim .

Lost all my money trading memecoins

Topic: Be careful with those memes coin at there (Read 48 times)