Becareful with Meme Coins - page 11.

Quidat

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Quote from: DarkDays on July 05, 2021, 04:32:39 PM

Quote from: MFahad on May 23, 2021, 12:00:42 AM

In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.

And whose to say that in the next bull run meme coins will be a thing???

From previous bulls, we know that what's hot today is probably not going to be hot tomorrow and this might well be true for meme coins. And, yh, for sure these coins have seen massive dumps just like the rest of the market, but I do not think there's a road to recovery for them.

Trend like this is something we had seen in the past where trend or hot events do happen but asking about if it would last or sustain? No, there are no things that could really last forever.
What comes up must come down and this cant be called a market if we are just seeing upward movement or trend.About meme coins then its up to someone if neither they would buy or not
but for me then it isnt something worth for me to invest on specially now. Meme coins had already made out some significant impact when it whats shilled or hype out
and that starts with DOGE and we have seen clearly on how the market reacts which is a typical thing.

SirLancelot

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There are way too many people who are willy nilly about their money and that shocks me. I care about a single dollar I have, and this is not a joke because my friends mock me about it but that is how I just grew up and even though my parents weren't poor, they weren't wealthy neither, I would say I lived a very good childhood yet I knew how my father worked and saved just so I can live that life.

We had horrible periods where we paid certain bills and postponed some other bills, I had banks coming in to seize stuff because we failed to pay our debt, but I had moments where I went to private high school and spent anyway I want while getting all kinds of games and consoles as well, I lived both sides. I learned one thing, if you are not careful with your money when you have it, you will wish you were when you don't have it and that is the lesson I took to my life after I got married and built my own life.

crzy

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Quote from: DarkDays on July 05, 2021, 04:32:39 PM

Quote from: MFahad on May 23, 2021, 12:00:42 AM

In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.

And whose to say that in the next bull run meme coins will be a thing???

From previous bulls, we know that what's hot today is probably not going to be hot tomorrow and this might well be true for meme coins. And, yh, for sure these coins have seen massive dumps just like the rest of the market, but I do not think there's a road to recovery for them.

Recovery will only happen to the good coins but if there’s still a hype with the meme token then I believe they can still rise but it will always depend on that. Meme token can’t stay longer here because they have no purpose in the market and they can’t just depend on any hype, this bear trend will hurt them that much so better to stay away for that meme token, that’s not worth the risk anymore.

DarkDays

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Quote from: MFahad on May 23, 2021, 12:00:42 AM

In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.

And whose to say that in the next bull run meme coins will be a thing???

From previous bulls, we know that what's hot today is probably not going to be hot tomorrow and this might well be true for meme coins. And, yh, for sure these coins have seen massive dumps just like the rest of the market, but I do not think there's a road to recovery for them.

nelson4lov

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Quote from: JohnBitCo on May 14, 2021, 04:36:31 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

They are probably after meme coins because of the insane gains they can make in one pump, meme coin are the easiest coin to go a 1000% in just a blink of an eye(over night), recently it was one shitcoin called babydoge, Elon Musk even made a tweet to endorse it, the new set of investors we have in the crypto community now are choosing quick profits from shitcoins over investing in strong fundamental coins, we can't really blame them cause everyone wants to get rich fast.

isaac_clarke22

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Quote from: trauchot on July 04, 2021, 07:24:26 AM

~

Quite synonymous to pump and dump schemes that you encounter in a lot of coins these days.
It is nothing to be surprised anymore.
It is just like many projects that tend to be from trends these days. ICOs, IEOs, etc.

MusaMohamed

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Quote from: Cling18 on July 04, 2021, 08:34:17 AM

Meme coins were originally made for fun and as long as it isn't functional, I don't think it's worth buying. It's just being manipulated by huge influencers that could cause a massive pump and dump later on which is actually risky. As for me, it's better to buy and trust well-established coins which couldn't be manipulated by hype.

For fun is what the crowd think of meme tokens. For meme token founders, developers they are real and serious. They are serious because one successful project will help them become millionaires. Success here means a quick growth in price. It will bring real fun to founders together with money.

Scam or not scam meme tokens, if it has 10x, 20x founders will be rich. It is main reason they create meme projects.

Cling18

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Meme coins were originally made for fun and as long as it isn't functional, I don't think it's worth buying. It's just being manipulated by huge influencers that could cause a massive pump and dump later on which is actually risky. As for me, it's better to buy and trust well-established coins which couldn't be manipulated by hype.

Ararbermas

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Meme coin is nothing, if you fell in it for sure you will lose money, so be careful and bear in mind that it exist only just to intimidate people about the circumstances., so stay away in it and focus on the project wherein surely you can make profits afterwards, such trusted crypto currency in the market.. It's alway too good to be true so stay away to those who's saying meme coin is better than those trusted coin in the market because they're really desperate just to convince crypto enthusiast, so be aware.

trauchot

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Of course, after all, meme coins are created only to make money, there is no longer any benefit from these meme coins and therefore many meme coins have already fallen to the bottom and because of this many investors have suffered, so if someone wants to invest in meme coins, then you need to invest only in the most top meme coins such as dogecoin and shiba, but it is better to generally try to bypass any meme coins and then you will have no problems at all.

daenarys_stormborn

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I myself am really against the meme coin, because in my opinion meme coins like doge and shiba inu are just a joke coin that can rise due to temporary hype, not very suitable for long-term investment because it has no utility at all

kryptqnick

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People should be aware that if there's a pump, there will come a dump. Such coins are worthless themselves and are basically at the mercy of big guys like Musk and Buterin. If one jumps on the train and then off during the right time, this ride can bring fast profits. However, it's also very easy to miss the right moment and indeed to lose a lot with such investments. But since people should invest what they can afford to lose anyway, such investments might be worth the risk for some people.
I avoid meme coins because I think the risk of not selling before the dump is too high.

Bitcoinjheta

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all of us knows about meme coins which are good at a short period of time so you have to be careful in investing because risk are always there. otherwise, if you are not fan or following with meme will thats good you better stay away as early mand focus on the top potential coins with a fundamentals in the coinmarketcap.

Dr.Osh

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Well, we don't know what will happen in the future, but right now I haven't decided whether to hold the meme coin or not. however, if I decide to hold on to it, I probably won't invest heavily. however, I'm very wary of the current meme coin. however, given the condition of this coin being manipulated, it was quite dangerous to hold it for a long period of time. yeah, but this is still on my mind. maybe if you want to hold on for a long time, use the free money you have, and forget about it for a certain period of time

DapanasFruit

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Quote from: Gozie51 on July 03, 2021, 03:47:56 PM

Quote from: JohnBitCo on May 14, 2021, 04:36:31 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.

It is a general loss and not only the meme coins that hadthen. Even bitcoin that is the king still suffered losses why won't smaller projects record some losses too. Etheruem also had a share of it likewise others. Meanwhile, people always make good money from whichever direction price is. What matters is spotting the right direction.

The whole cryptocurrency market suffered many losses because of the big dip that we encountered but we know that with meme tokens they can have a hard time in recovering when the market has already reached the bottom. And it can be because these meme tokens really do not have strong, solid and viable use-cases - in other words, many of them are put up for the sake of getting the money for the developers and backers. This is the reason I don't ever invest in any meme token not unless I can be sure that it has a good potential for impressive growth.

ILuckyGuyI

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I also think that one should be extra careful when investing into meme coins. There has been an uptrend for them. But this could change at any time. Even Doge doesn't seem very credible to me. Elon Musk supports it but he doesn't guarantee that he'll always do that.

indrakusumaindra

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Quote from: btcltcdigger on July 03, 2021, 03:49:53 PM

Well any coin really. But yes, meme shits are more likely to be a rugpull, especially since they dont have a use case or public team

Definetly , look how much doge corrected from the top, and also others coins with no fudamental at all. It cant be trusted and its really bad decisions to invest on something that supposed to be a joke. You never know when people will leave and when you late you gonna lose big.

judeafante

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Quote from: btcltcdigger on July 03, 2021, 03:49:53 PM

Well any coin really. But yes, meme shits are more likely to be a rugpull, especially since they dont have a use case or public team

Since the hype of these DeFi and meme coins a lot of fo investors lose a lot of money because of these rug pull projects, investors should always check the smart contract and verify on the RugDoc if the contract time lock is not short enough for the dev to scam their investors, Defi rug pull are very prevalent now many investors are losing money, they are easily swayed by hype.

Alisha-k

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Life is centered around risk taking so investors only need to apply caution and proper risk management because no one can accurately predict the move of any coin at any point in time as such greed should be far away from investors who wish to make excess profit from meme coins.

bluebit25

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I strongly support Vitalik's action with meme coins, it really proves that such things don't deserve to exist and has a negative impact on the market. I see a lot of coin memes constantly being created in the market, but I think this trend will soon end with the demise of some of today's top coin memes.

Topic: Becareful with Meme Coins - page 11. (Read 1809 times)