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Topic: Becareful with Meme Coins - page 12. (Read 1809 times)

sr. member
Activity: 1876
Merit: 259
July 04, 2021, 02:42:19 AM
#28
I personally would never hold on to any meme coin for a long time, at any time the price could plunge down according to the news and the pope's wishes. invest in meme coins must be prepared to lose otherwise you can go crazy for it.
hero member
Activity: 2912
Merit: 556
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July 04, 2021, 02:39:44 AM
#27
Perhaps, choosing meme coins is just for gamble and not expecting to make money from that coins. With the lowest price, people can play with that meme coins and use them for what they want. But still, that is a bit risky to invest in meme coins for big money as we do not know if the coin can increase in the future.

It is better to stay away from meme coins if you can not risk your money because many other potential coins that you can buy. Do not attract to what other people suggest before research.
full member
Activity: 299
Merit: 100
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July 04, 2021, 02:23:43 AM
#26
Maybe I'm one of the lucky ones to never be interested in meme coins (shits), everyone is just too crazy about memes and I don't know what's going on in their brains
As you say, i am one of the lucky ones too. I have no interest in meme coins, either. I never bought it since the beginning even when it was at its craziest. To be hones, it is too risky to me, i am not dare to gamble on it.
full member
Activity: 899
Merit: 101
July 03, 2021, 06:49:57 PM
#25
meme coins purely speculation portofolio, if we want to earn high profits in short term maybe we could pick one of meme coins in market. there are allot meme coins with high trading volume so for liquidity we didnt need to worry, but the last tweet from elon musk haven't much effect to meme coins and becarefull with this condtiion.
full member
Activity: 1848
Merit: 158
July 03, 2021, 06:30:31 PM
#24
Maybe I'm one of the lucky ones to never be interested in meme coins (shits), everyone is just too crazy about memes and I don't know what's going on in their brains

Not everyone though. Haven't touched any of these meme coins/tokens also. Because their lifespan is uncertain and short-lived. No use case so they can easily disappear in the market after the pump and dump of the dev team. Also, just take for example the SHIB project, if you will check their thread here in the forum, you will ask why they even made it to binance with that crappy ANN? So it is a matter of demand in the market why binance listed it. But it won't be long, people will start to get away from these meme projects.
sr. member
Activity: 1414
Merit: 255
July 03, 2021, 06:18:12 PM
#23
Maybe I'm one of the lucky ones to never be interested in meme coins (shits), everyone is just too crazy about memes and I don't know what's going on in their brains
hero member
Activity: 2520
Merit: 568
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July 03, 2021, 04:29:17 PM
#22
People never learn from the warnings that everyone gives. They tend to forget about this dumping news by the popular people in the crypto-verse.
Do not be too emotional investing in meme coins and you guys are not investing to good projects but you're only investing due to the hype that Elon has made.
sr. member
Activity: 1512
Merit: 326
July 03, 2021, 04:22:17 PM
#21
everything is full of risks, but you have to have big capital if you want to get big profits in storing meme token assets, but for me it's better to find a safe point by investing in coins that have really good value in the market.

Yeah people should treat crypto investment like a conventional investment, we must know what purpose of the project in the future. and how about investing in meme coin? what is the future goal for the coin ?mostly no purpose and this type coin just follow what is the current trend on crypto community. me personally not really interested in coins like this.
hero member
Activity: 2058
Merit: 761
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July 03, 2021, 03:49:53 PM
#20
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
hero member
Activity: 2520
Merit: 624
July 03, 2021, 03:47:56 PM
#19
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.
hero member
Activity: 2268
Merit: 669
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July 03, 2021, 03:00:57 PM
#18
~
Well I heard that it was meant to be just purely a meme in the first place when I heard that such coin exist. It was never meant to be a real coin from what I read in Reddit back then.
From the looks of it, it is just that the hype purely made its value go up.
It is because many people started to use dogecoin even if it's intended as meme coin but in the end even the casino have accepted dogecoin as one of their payment option for withdrawal and deposits. I don't know about Shiba Inu but I wonder what will happen to Shiba Inu later on starting from the Vitalik donating of Shiba Inu especially many of the exchanges listed the shiba inu because of it.
sr. member
Activity: 1596
Merit: 264
July 03, 2021, 02:51:38 PM
#17
~
Well I heard that it was meant to be just purely a meme in the first place when I heard that such coin exist. It was never meant to be a real coin from what I read in Reddit back then.
From the looks of it, it is just that the hype purely made its value go up.
full member
Activity: 1260
Merit: 100
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July 03, 2021, 02:38:06 PM
#16
everything is full of risks, but you have to have big capital if you want to get big profits in storing meme token assets, but for me it's better to find a safe point by investing in coins that have really good value in the market.
hero member
Activity: 2002
Merit: 535
July 03, 2021, 01:59:02 PM
#15
dogecoin wasn't a memecoin before elon comes in, i use to like the coin even before it has even touched the value of a cent. doge is adopted on casinos so i think it does have a usage.
Do not mistake the fact that Dogecoin was created as a meme coin with unlimited coins in circulation but i do use the coin in casino and whenever the price of Bitcoin rises i usually gamble with them because it will give you the pleasure of gamble while you are really not loosing any big amount, but once the price started rallying i stopped gambling with Doge.

now that it's been seen as memecoin it seems to have ruined it. memecoin had been hype early this year so it's hard for those holders to let go of their stash after Buterin toyed with Shiba Inu. it definitely devastated their funds.
Once Doge gained attention and people started to look for alternatives and Shiba had a huge rally in the past few months and now people will be looking for token like these expecting a huge rally and many will burn their savings.
hero member
Activity: 1918
Merit: 564
July 03, 2021, 01:57:55 PM
#14

dogecoin wasn't a memecoin before elon comes in, i use to like the coin even before it has even touched the value of a cent. doge is adopted on casinos so i think it does have a usage. now that it's been seen as memecoin it seems to have ruined it. memecoin had been hype early this year so it's hard for those holders to let go of their stash after Buterin toyed with Shiba Inu. it definitely devastated their funds.

Lol, Dogecoin had been known as Meme Coin since I entered this crypto space.   I wonder where were you during those time??

The dumping of the market on various fronts is very worrying, and indeed the meme coin is currently the most restrictive. It will be very difficult for meme coins to rise because the benefits provided by meme coins are very minimal and it makes investors less interested.


Meme coins are the most affected when bull transit to bear because this coin (meme coins)  thrives through hypes so when the hype down, price would definitely crash.
member
Activity: 336
Merit: 16
July 03, 2021, 01:56:36 PM
#13
Meme coins are unpredictable in price and this recent dump dealt a heavy blow on many investors we can not tell what the market conditions of meme coins will be in the future but we keep hoping things will change for the better.

I invested in one of the top 100 coins during the last bull run hoping the market will keep rising but now I lost almost 90% of my investment and left with no other choice than to keep them in my portfolio for as long as possible.
full member
Activity: 966
Merit: 102
July 03, 2021, 01:24:06 PM
#12
A few days ago the market was all time high. Meme coins also pumped a lot at that time. But whenever the price of Bitcoin goes down, Meme Coin goes down too much So meme coin holders wear in a big loss

Most crypto depends on the movement of Bitcoin. Memecoin too, the risk of investing in meme coins is always present and everyone sees it clearly. Investing in a trend that doesn't have the same scope as meme coins carries greater risk than other types of investments. So stop fantasizing about getting rich quickly.
hero member
Activity: 2128
Merit: 655
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July 03, 2021, 12:22:03 PM
#11
A few days ago the market was all time high. Meme coins also pumped a lot at that time. But whenever the price of Bitcoin goes down, Meme Coin goes down too much So meme coin holders wear in a big loss
full member
Activity: 2142
Merit: 183
July 03, 2021, 12:03:39 PM
#10
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 coins are interesting from the point of view of making a profit only in the first relatively short period of their price inflation. After that, their retention becomes not only impractical, but also very risky. In order to deal with such coins, you need to be a trader. In principle, I am not interested in such coins. I am interested in long-term work.
legendary
Activity: 3108
Merit: 1029
July 03, 2021, 11:53:29 AM
#9
dogecoin wasn't a memecoin before elon comes in, 
It doesn't even need to wait elon to enter in the market to make the doge coin to be called as a meme coin. We can see that again the history of the doge coin

https://www.investopedia.com/terms/d/dogecoin.asp

Doge was calling as a fun coin and at that time the word of meme in the crypto was not so popular or people have called that as fun ciun rather than meme coin but by the time goes and everything gets changed and doge coin was a meme coin since it was launched in 2013
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