Na correct advice you bring come here, na very big information to newbies wey just de enter di crypto space and a reminder to us wey don gather di knowledge. Wetin I go tell newbies wey de hear about di hype of memecoins for dis bull run be say meme fit to double dem money like 100x or 1000x but make dem carry for mind say na gamble. As e fit to give you many times ROI na so e go fit to collect dem investment funds too, so di pattern be say if you want to risk your money inside any memecoins, make e be di amount wey dem fit to loose.
Na only Bitcoin na im de sure pass for cryptocurrency, even if e dip, you go de certain say e go recover and rally, so na di safest crypto wey person fit to invest im hard earned money inside. Aldo e get some memecoins wey don build reputation for di crypto space like dogecoin, wey investors fit to trust to some extent but majority of memecoins na scam projects dem be, so make you DYOR well well before you invest your money.
Topic: Be careful with those memes coin at there - page 2. (Read 386 times)
The drive to make money so quickly and fast without having to do too many work have swept away too many young persons that they don't even want to wait long enough to actually make the money in the natural way it comes they just want short cuts and some persons knowing about all of this have decided to create a way to exploit this gullible you g persons and that is what happens with some meme coins actually they just pump and dump but when you are particular about stable coins and trade them after probably getting the needed knowledge, there's no way you aren't going to be profitable and progressively grow to the point where you make even more money from trading.
Such mindset as swept me once
, Thinking I can make money fast within a short period of time using trading and stuff, but at the end I literally get myself rekt . Due to stubbornness, I went in again with same mindset over and over again till I realised, if one wanna be successful in this space, one have to focus on knowledge first especially those with no much funds to invest and stuff ( even if you have good capital still go after knowledge first) to know what will suit that capital, because if you make any wrong investment and you may lose everything. So remove the mindset of trying to get rich quick, and focus on building something beautiful over time because Roman wasn't built a day.
No doubt, na real info you carry come for here. Na only person wey memecoin never show pepper go dey think say memecoin na shortcut to success. Me I don try am, Andi don see how E dey be now I no need any preacher to even tell me because I don hear am for memecoin. People dey always dey carried by news from people online and dem no dey do proper research to know if those hype na true or not. Na when dem go don enter problem wey dem go dey find solution and E don dey too late. Wetting me I no be say no shortcut to success. everybody must follow due process and I descover say na greed Naim dey make people dey lose money because dem lack patient and dem no dey Boda to do research . If those newbie go fit follow this matter you bring, dem no fit make mistake.
The drive to make money so quickly and fast without having to do too many work have swept away too many young persons that they don't even want to wait long enough to actually make the money in the natural way it comes they just want short cuts and some persons knowing about all of this have decided to create a way to exploit this gullible you g persons and that is what happens with some meme coins actually they just pump and dump but when you are particular about stable coins and trade them after probably getting the needed knowledge, there's no way you aren't going to be profitable and progressively grow to the point where you make even more money from trading.
I'm just going to give my 2 cents on this.
The idea of discouraging people against trading memecoins when they haven't tried it is not all right (it's not all wrong either). But we need to give people the opportunity to explore it for themselves. For instance, I don't like memecoins but I have a brother that does. Memecoins never favour me but they favor my brother.
My point is that, everyone has to find their edge in this market whether it's to:
— Buy spots only and hold.
— Trading on futures with leverage
— Buy memecoins and hope for generational wealth.
— Become a content creator and earn crypto from it.
— Get affiliated with projects
To name a few. It's going to be different for everyone. So memecoins are not all bad themselves. I know quite a number of people doing well trading memecoins. But not me, I suck at it and lose almost every time
The idea of discouraging people against trading memecoins when they haven't tried it is not all right (it's not all wrong either). But we need to give people the opportunity to explore it for themselves. For instance, I don't like memecoins but I have a brother that does. Memecoins never favour me but they favor my brother.
My point is that, everyone has to find their edge in this market whether it's to:
— Buy spots only and hold.
— Trading on futures with leverage
— Buy memecoins and hope for generational wealth.
— Become a content creator and earn crypto from it.
— Get affiliated with projects
To name a few. It's going to be different for everyone. So memecoins are not all bad themselves. I know quite a number of people doing well trading memecoins. But not me, I suck at it and lose almost every time
I have noticed that crypto influencers are major promoters of some of these meme coins. They usually hold a very large amount of it, and convince others to join before dumping it. We can't really condemn meme coin in every aspect, because I believe that there are people that definitely earn decent amount from it. But the Truth is, meme coin trading is not for everyone, most especially newbies that are just getting into crypto. I sometimes frown at people that feel a $10-20 investment in meme coin can hit them jackpot in a short period of time. People needs to start prioritizing knowledge, because it helps alot, especially in this crypto space.
It is true that memes coin has made some folks some nice Amount of money but we can't neglect the part that there's a lot of risk in it , is like a way those that have more money make more while those that want to turn their little to something nice lose it all.
One thing have noticed newbies are easily lure to do crazy things, so you can't expect a newbie who don't have idea on how cryptocurrencies work , saw alot of people posting how they turned a certain amount of $ to millions , won't have the interest to join to also become a living testimony .
And lateron endup learning the hard way.
I have noticed that crypto influencers are major promoters of some of these meme coins. They usually hold a very large amount of it, and convince others to join before dumping it. We can't really condemn meme coin in every aspect, because I believe that there are people that definitely earn decent amount from it. But the Truth is, meme coin trading is not for everyone, most especially newbies that are just getting into crypto. I sometimes frown at people that feel a $10-20 investment in meme coin can hit them jackpot in a short period of time. People needs to start prioritizing knowledge, because it helps alot, especially in this crypto space.
I read the guy story on Reddit and came saw that he is still a newbie of 18yo trying to get rich quick soon so that he can proudly tell his Mom that his intuition and prediction on the crypto market was correct and enters as he planned, not knowing crypto market doesn't consider your age range, or gender before striking you downwardly. 
All these things we don see am plenty time and e no dey shock me again, people wey never experience am go surely experience am when the time comes, am not saying it should happen to them o, but there must be a victim no matter what.
The worst part part is that, he blowed up his academic fee, so what can the young lad can tell his mom.
All these things we don see am plenty time and e no dey shock me again, people wey never experience am go surely experience am when the time comes, am not saying it should happen to them o, but there must be a victim no matter what.
The worst part part is that, he blowed up his academic fee, so what can the young lad can tell his mom.
This story the guy was first time luck to be able to turn his $300 to $800 but nah him greed make am lose all the money the day trading way him enter no really clear to me how person go make that kind money and still lose under few minutes which something that I have only experienced during future trading.
That’s by the way, any coin way be say eh fit give person better profit within minutes still they eligible to carry all the money japa under that same second even if the person they careful enough we no fit predict watin go happen for this unpopular coins them, me normally I they avoid some coins way be say dem just they launch and eh they attract plenty attention because eh they always end up to be pump and dump, my guy say nah bcuz I they fear to take risk make me never make am but I go rather they for same level that to lose everything.
That’s by the way, any coin way be say eh fit give person better profit within minutes still they eligible to carry all the money japa under that same second even if the person they careful enough we no fit predict watin go happen for this unpopular coins them, me normally I they avoid some coins way be say dem just they launch and eh they attract plenty attention because eh they always end up to be pump and dump, my guy say nah bcuz I they fear to take risk make me never make am but I go rather they for same level that to lose everything.
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 .
That's true, and one thing most of the newbies today fail to understand is that those who they heard where able to turn $3 into $3million didn't do that from trading, but such were done or only possible through long term investment into those meme coins, just as we had the likes of Dogecoin which was value at $0.002296 by this time 5yrs ago (i.e November 2019) and now currently value at $0.4, which is a whooping 174x profit. So I will rather advice newbies invest in Bitcoin and hold long term, rather than specializing on meme coins that are volatile. 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 .
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.
Meme coins are a very big focus in the cryptocurrency market and a lot of people like newbies are just jumping into it without proper knowledge and understanding of it. Just like you said, there’s no short cut to success and when you want to try it, luck may only come for you once and when you miss it, you may never see it coming for you again. Those that make a lot of money through this degen are the big crypto guys that have information and knowledge of coins and those that have large capital to diversify and invest in them differently. If you’re a newbie, it’s better you learn first if that’s your niche, or better for you, stay away from there as a newbie in the crypto space.
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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
Lost all my money trading memecoins
The link is not goin through from my end, seems some malicious links showing from my end. So sad people go through a lot when it comes to trading memecoin and that doesn’t still stop some newest people in the space to stay out of them and not partake in the trading of them. No short cut to success and if you’d got that short cut by luck, there are possibilities you won’t be able to manage those money well and may still go broke. Bitcoin is safer, it’s better to venture into it than any other altcoin.
-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.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 .
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.
Well I get your point is just that bitcoin one of the safest asset at there (though there's still risk involved in it ) , So I can easily recommend Bitcoin to others compare to other assets just because of what have experienced during the past years with other altcoins , because most altcoin are doing great because of the bullrun and they are some the bullrun still won't impact on .
But the way you put it is still nice , that one should Do their own research thoroughly before going into any investment, so I will go with that also
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.
One thing I also know for sure is that the Crypto market don't care about your emotions, so do things with wisdom and stay safe at there.
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.
-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.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 .
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.
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.
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.
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
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.
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.
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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.
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.
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.
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.
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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
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.
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