Becareful with Meme Coins | Bitcointalksearch.org

BlackBaron

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Quote from: pamsugas on April 22, 2022, 09:47:48 AM

there's nothing wrong with allocating a little of our capital to buy meme coins,
I personally do that because the meme coin is very difficult to predict its movement can go up 100% or even more in a short time
but i don't really expect much for that i just think if the meme coin that i hold goes up high it's luck.

If holding shiba in the long term is recommended to stake, maybe the current correction will enter the buying area for portfolio collections, I remind you to consider the risk of loss from meme coins before investing because meme coins are difficult to rise without big news and the market is easily fragile due to influence FUD is in the news in the crypto community.

qwertyup23

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From the name itself "meme" it means nothing or a sham- something that was created purely for entertainment. Generally, these so-called "meme coins" have their names being associated with something or someone famous. For example, there was a meme coin entitled "FuckElon" after Elon Musk announced that he will support dogecoin, rather than bitcoin.

The problem with memecoins is that it can be subject to rug pulls, wherein investors would soon exit the project once they reach a certain price or threshold in the market. Unlike BTC or altcoins, these memecoins have no purpose at all, which can be extremely risky for investors.

Tony116

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Quote from: pamsugas on April 22, 2022, 09:47:48 AM

there's nothing wrong with allocating a little of our capital to buy meme coins,
I personally do that because the meme coin is very difficult to predict its movement can go up 100% or even more in a short time
but i don't really expect much for that i just think if the meme coin that i hold goes up high it's luck.

Yes, memecoins are just pumping and dumping, we shouldn't put them in a long-term portfolio it will make us lose. But its also not a bad idea to put a small amount of capital into them as they can grow several hundred percent in a short time. Speculating on memecoins is like gambling requires a bit of luck, so don't expect much and don't regret if we are unlucky.

ardydyon

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I think meme coins are a good type of coin to buy when they are experiencing a lot of hype.
because so far, meme coins whose price increases are always influenced by hype which causes investors to be interested and take advantage of them
the moment to buy it.
while for those who are late to enter, they only get to clean up because the party is over because people have already taken profit from the coins.
it is better to buy coins with good fundamentals that have good projects in the future. maybe the increase is not as significant as meme coins but at least they provide a sense of security because their project continues to grow automatically the price of the coin will continue to increase.

pamsugas

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there's nothing wrong with allocating a little of our capital to buy meme coins,
I personally do that because the meme coin is very difficult to predict its movement can go up 100% or even more in a short time
but i don't really expect much for that i just think if the meme coin that i hold goes up high it's luck.

MFahad

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Quote from: Kezacky on April 22, 2022, 05:41:41 AM

I wouldn't be surprised why so many people invest and participate in Meme coin, because they want to make good profits, but the multiple growth of this cryptocurrency is very interesting. surprise came to shibainu on bsc blockchain and shibafantom reached their new ATH. now I am satisfied after entering at the right time and exiting after making a profit.

This is good option to exit ar right time. I see many people holding and not selling for 5 years which is not good strategy in meme coins. We agree that many people make a good profit but it's not overhyped and Shib price already very up. Most of the users who invest in memecoin are newbie . Pro user only make a safe trade.

Kezacky

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I wouldn't be surprised why so many people invest and participate in Meme coin, because they want to make good profits, but the multiple growth of this cryptocurrency is very interesting. surprise came to shibainu on bsc blockchain and shibafantom reached their new ATH. now I am satisfied after entering at the right time and exiting after making a profit.

livingfree

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Quote from: Jaered on October 28, 2021, 12:51:21 PM

Yes meme coins are dodgy and worthless, but they are the 'bad eggs' that refuse to go away. And they would be around for much more years to come. So you have to take your pick and hope for the best. At most don't sink in a lot of money, maybe $100 for starters

They're not worthless.

As much as I don't hold any of them and never invested in them, they have a value, specifically in a few of them. We cannot ignore the fact that they have a value and they've risen.

But we'll see if its value will stay for a long period of time and not just pure hype for the few of them.

matchi2011

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Quote from: seramania on October 28, 2021, 10:25:59 AM

Quote from: JohnBitCo on May 14, 2021, 03:36:31 AM

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

Vitalik Buterin strikes back at doggy coins with $80m rugpull

Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin ‘Shiba Inu’ For Covid Relief In India

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Meme coin is basically very risky, because we know its rise and popularity is derived from the hype. but in my opinion now meme coins can be one of the coins that many people are looking for because of the rapid increase in profit even though it is very high risk but that is the sensation that can be obtained from having a meme coin.

Investors always aiming for profits, with good timing Meme coins, will be able to generate a good amount of profits for your investment.
Too risky but if you manage to invest in the right time and place, your chance to get twice or more of your initial capital is really possible, be very careful and furious in choosing what meme coin to invest and always have a good backup plans.

ziyaaa

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This is the thing that we always say for meme coins. They could really be one of the most dangerous cryptocurrencies in this market besides DeFi projects. Because it is so easy to make a really big profit like it is easy to lose a lot of money in a short time also. It is a big risk to take and because of that, I don't prefer to invest too much money into coins like this.

Jaered

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Yes meme coins are dodgy and worthless, but they are the 'bad eggs' that refuse to go away. And they would be around for much more years to come. So you have to take your pick and hope for the best. At most don't sink in a lot of money, maybe $100 for starters

errorcode99

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Quote from: JohnBitCo on May 14, 2021, 03:36:31 AM

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

Vitalik Buterin strikes back at doggy coins with $80m rugpull

Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin ‘Shiba Inu’ For Covid Relief In India

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Actually we have to be careful with these types of coins even though many public figures are also promoting and tweeting about them. They may be able to make a lot of profit for us, however, we can also lose a lot of money because of them, they are new and the volatility is very high. Apart from that, I have seen how this type of coin is in the market, just based on the hype. No really good fundamentals there.

seramania

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Quote from: JohnBitCo on May 14, 2021, 03:36:31 AM

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

Vitalik Buterin strikes back at doggy coins with $80m rugpull

Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin ‘Shiba Inu’ For Covid Relief In India

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Meme coin is basically very risky, because we know its rise and popularity is derived from the hype. but in my opinion now meme coins can be one of the coins that many people are looking for because of the rapid increase in profit even though it is very high risk but that is the sensation that can be obtained from having a meme coin.

meldrio1

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Yes investing in meme coins are very risky especially Shiba right now, it went pump so high and it's too risky to get in because it's already reach the all time high possible it will collapse anytime. Many people are really gained profit of meme coins because of the hype but to those who late to invest will suffer a big losses in the future because you know meme coins are pump and dump scheme.

Evgenklm

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If we take into account Shib inu, then I do not think that this is a bad investment, now the volumes of trading reach astronomical amounts for this coin, the token is quoted on all top exchanges.Now, of course, I would not advise you to come in, but in the long term, why not.

OrangeII

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Quote from: wheelz1200 on October 21, 2021, 05:59:32 PM

Quote from: letyouearn on October 21, 2021, 05:49:38 PM

Meme coins are very volatile - that's their advantage. I would suggest you to gamble with them with a small amount of money. If you lost 100 USD - it's not a big disappointment for you. But if you got +500 USD after risking with this 100 USD - that looks great!

Guess the amount isn't as much a problem as percentage of portfolio. To one person $500 is nothing to lose where as others it is. What people should follow is don't invest more than a minute portion of your stack in meme coins. So if all you have only $200 to put in $100 is a lot. In general steer clear most will get their money swiped and encourage "devs" to make more meme coins.

in fact, there are currently a lot of "devs" who have created meme coins because of the popularity they have gained. After Dogecoin has reached its highest price, thinking about the advantages of owning and holding a meme coin in the long term has become bigger, it makes a lot of people want to buy a new meme coin, and the devs have provided just that. even more so if the current Shiba inu had also provided quite a bit of advantage for the restraint.
To be honest, I also suggest being careful, but if you want to invest in meme coin, you shouldn't focus on it, just buy it and forget it for a few years in your wallet.

gabbie2010

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Quote from: nikola22 on October 07, 2021, 06:33:43 AM

experienced users understand that meme coins are too risky for investments but many newbies want to earn fast and easy money that's why they put their money in such coins as SHIB, DOGE and others.

But many experienced users also used meme coins as scalping tools to earning some profit from it. The difference is many newbie just all in into meme coins instead of divide the funds to the real projects first.

It's a pity that it is always newbies that are always fall for investing in meme coins in a bid to get rich with the impression that the price will likely pump to 100X, 50X etc ,not minding the fact that those type of coins are pump and dump coin, whereas experienced traders who knows their onions will capitalized on the price while pumping and buy at low and sell at high quickly form of scalping earning profits, research about those coins will save a lot of newbies investing in meme coins.

martina14

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Quote from: JohnBitCo on May 14, 2021, 03:36:31 AM

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

Vitalik Buterin strikes back at doggy coins with $80m rugpull

Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin ‘Shiba Inu’ For Covid Relief In India

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Sad to say that most of the meme coins here in cryptocurrency business got down when the price value of Bitcoin continue to increased in the market. Only few of the meme coins survive and one of these could be Dogecoin, Shiba Inu, Lovely and more something like that. That is why buying top of the altcoins is a good advise to follow compared to meme coins.

wheelz1200

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Quote from: letyouearn on October 21, 2021, 05:49:38 PM

Meme coins are very volatile - that's their advantage. I would suggest you to gamble with them with a small amount of money. If you lost 100 USD - it's not a big disappointment for you. But if you got +500 USD after risking with this 100 USD - that looks great!

Guess the amount isn't as much a problem as percentage of portfolio. To one person $500 is nothing to lose where as others it is. What people should follow is don't invest more than a minute portion of your stack in meme coins. So if all you have only $200 to put in $100 is a lot. In general steer clear most will get their money swiped and encourage "devs" to make more meme coins.

letyouearn

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Meme coins are very volatile - that's their advantage. I would suggest you to gamble with them with a small amount of money. If you lost 100 USD - it's not a big disappointment for you. But if you got +500 USD after risking with this 100 USD - that looks great!

Topic: Becareful with Meme Coins (Read 1830 times)