Becareful with Meme Coins - page 2. | Bitcointalksearch.org

dainoran

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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

Meme is a joke. Also The meme projects are jokes. even most of them don't have any goals or roadmap. I don't know why some people still trusting the meme projects. Avoid them, it's really not recommended to invest your money on meme coins as your Investment.

dunfida

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Quote from: wajik-tempe on October 14, 2021, 05:10:24 AM

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Quote from: nikola22 on October 07, 2021, 07:33:43 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.

I'm sure those who bought the meme coins are not stupid to hold the coin buy they are just buy it for random speculation and hoping the pump is not over yet when they enter the game.
The stupid one is the one who "invest" on it, the one who trust the coin will growing a lot in the future and still holding them in a profit position.
But people who lost because of speculation, just take it as a lose while doing gamling

Its a bit true, that kind of investment is weird and unacceptable if u share it story with another investor. You would end up like a fools if doing "investment" on such meme coins.

You would find it too be weird for those who are really that keen on making out investment but for those risk takers then for sure they would really be seeing this as an opportunity to make money

no matter how some people do disapprove on investing with memecoins.It is actually risky but still a possible thing for you to engage for you to make profits but if you cant bare with

the risk then better to play less riskier which means you would need to stick out into those common top altcoins for you to invest on.

guydin

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Quote from: 19Nov16 on October 14, 2021, 10:09:20 AM

Meme coins have been a trend for almost a year and the presence of Elon Musk made many Meme coins skyrocket, after DOGE now SHIB Inu has become a trend, this is a good opportunity to follow the trend and get profit but of course we must always be vigilant when investing in Meme Coins.

Do you consider Shib Inu to be a new trend? I am not sure that it will be long, I think that its price was just pumped some days ago, and now as there are no other reasons for it to grow, it will slow down and decrease again. If you like risks, you can try this game with meme coins, but I would rather you invested in something that is not trendy now, but may become in the future.

Fredomago

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Quote from: Kyraishi on October 14, 2021, 05:52:18 AM

There is a ton of survivorship bias in this space.

People think that investing in memecoins are going to make them rich because they see the examples of Dogecoin, SHIB etc.

But for every memecoin that has 100x'd there are twice as much that have gone to the floor. Take a look at Monacoin, for instance.

Well, monacoin never really try to hard on the meme coin aspect so it fails to meet up the expectation and going down hill in term of price really have nothing to do with being meme coin. Though, I understand your points. Yes, there are many meme coins that will never be able to make it so people should really stop putting everything they have into meme coins. Only invest in meme coins if you're willing to lose that money.

The last part of your statement is true invest only to any meme coin if you are ready to risk and lose your money.If the timing was right then profits will be bank away from meme project but if you failed, the opposite will happen, it's tough to recover if the coin you choose don't have the big hypes behind.

Buying Meme coins is something that you are investing the same, like with gambling. The first thing is you already knew that Meme is just for riding and no real use case inside this market.

Use the amount that you are willing to let go and hold for luck to accompany your investment.. Roll Eyes

19Nov16

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Meme coins have been a trend for almost a year and the presence of Elon Musk made many Meme coins skyrocket, after DOGE now SHIB Inu has become a trend, this is a good opportunity to follow the trend and get profit but of course we must always be vigilant when investing in Meme Coins.

smartaction

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Meme coins are in no way considered a valuable and trusted crypto. The purpose of making it is just to have fun with crypto. But the high price of Doge coins due to Elon Musk's post has increased the noise and attraction of people with meme coins. And countless meme coins have started coming into the market. here Most of project are fakes and scams. So we must be careful of these

91254vvpatel

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jaimini patel

Yes this is really true. And for new people who are new to this crypto. There is a special understanding for him. That if you invest in meme coin then your extra money should be invested in it. That's what I believe. Look, everyone knows DOGE. But there are a lot of memes coming up right now. And invest using your own intelligence. Start small. And go ahead and understand.

Kyraishi

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Activity: 952

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There is a ton of survivorship bias in this space.

People think that investing in memecoins are going to make them rich because they see the examples of Dogecoin, SHIB etc.

But for every memecoin that has 100x'd there are twice as much that have gone to the floor. Take a look at Monacoin, for instance.

bakasabo

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A few days ago Mimi Coin's condition was not good but the current situation is much better than before. Although there is no movement of doge coin, but we noticing about Shib token. Investor get much more from shib coin. The current position of Shib token much better. Moreover, I have seen a new coin, Goma which is one another coin by which holders get beyond their expectation.

Be careful with that altcoin. Goma Shibu creator is already involved in cheating bounty hunters and lying to bitcointalk community.

Their success is temporary. Just wait one or two months and its price will start a downtrend. If they have cheated once, nothing stops them from doing it again. I think that the best times of Goma Shibu already happened. The project is not extraordinary and dont offer anything unique. I bet that chances of price showing a major growth are low. Only quick pump and dump. But holders must be lucky not to miss that time frame.

wajik-tempe

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Quote from: nikola22 on October 07, 2021, 07:33:43 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.

I'm sure those who bought the meme coins are not stupid to hold the coin buy they are just buy it for random speculation and hoping the pump is not over yet when they enter the game.
The stupid one is the one who "invest" on it, the one who trust the coin will growing a lot in the future and still holding them in a profit position.
But people who lost because of speculation, just take it as a lose while doing gamling

Retainly_Collie

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Second Live

Quote from: guyzitsme on October 14, 2021, 03:15:50 AM

I think really very risky for those who even do not know basic of trading, this type of coins only run on hype in the market except it no any other factor to grow in this crypto world. But in other hand people who are experts in trading and scalping can get good profits from it but still they have also some risk. So in this case meme is most risky coins ever even than nfts, in this case better to avoid it.

There's no risk that I find it fair, it's like you don't need to work but still get your daily allowance. Basic knowledge to help reduce the risk and if they don't accept it, they will have to suffer the consequences.
As for the meme coin trend, I think it depends a lot on the market movements, but personally I am not a supporter of this trend because it brings too much shitcoin and negative beliefs to the market.

guyzitsme

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I think really very risky for those who even do not know basic of trading, this type of coins only run on hype in the market except it no any other factor to grow in this crypto world. But in other hand people who are experts in trading and scalping can get good profits from it but still they have also some risk. So in this case meme is most risky coins ever even than nfts, in this case better to avoid it.

Adbitco

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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

i actually many people don't know about some prospect of the coin before jumping into investment, probably they follows trending and news to make investment. if they truly know about the project they won't invest. during dump some meme's hardly survive the dip and will be very hard to recover.

Capt00

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Some of these coins have garnered prominence as a result of celebrity endorsements, and retail investors have inflated their prices by extensively advertising them online. This is why, despite their fragile fundamentals, many coins have experienced tremendous growth.

Many investors sell quickly once their prices rise in order to earn a rapid profit.

Investing in meme currencies is extremely dangerous, and it resembles gambling more than actual investing. You might be able to make money if you buy and sell at the proper times. However, it's more likely that you'll lose all or most of your money.

sikke

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Quote from: nikola22 on October 07, 2021, 07:33:43 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.

And it's honestly worked out pretty good for them, so good for them I guess.

But in the long run, this is not a viable investment strategy.

You should only invest in stuff that actually has intrinsic utility and value. Memecoins is merely a speculative vehicle that has been hyped up by the community, and most will die down and return to their intrinsic value of zero in the long term.

bhooscream

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Quote from: Koutami on October 06, 2021, 07:44:07 PM

Meme coins are really good for trading since its really volatile and have huge daily volume. But becareful of its dump, since its can happen anytime.

It is only good for the people who know how to trade meme coins, not really good for all people. As far as I know, only Dogecoin and SHIB deserve to trade daily, I have traded these two coins before. These two coins also have already big volumes in the market. But for other meme coins, I am not sure to choose them for daily trading or hour trading, the price volatility is very extreme. I doubt that I buy the coin at the wrong time, then possibly lose all my money. Because meme coins with low volumes can increase in a very short time, then constantly decrease till a very cheap price.

nikola22

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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.

iTradeChips

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Quote from: xSkylarx on May 23, 2021, 12:14:41 AM

These type of coins are quick in & out, only the first 5-10 mins buyers will earn from this. If it already pumped a lot then I suggest don't put your money on it. If ICO was popular last bull run, meme coins are now the thing that makes some people earn some big amounts. I think these coins became popular because of binance smart chain and DeFi platforms now, creating tokens under bsc and listing them on those platforms can be done easily and not that expensive. I think the term rugpull was also created because of these meme coins.

What I think is that these kinds of coins are very predictable to someone who deals with Bitcoin or Ethereum. The pump and dump is pretty obvious and many buyers will only spend minutes during the pump to sell what they sold when the price was low. Meme coins is really what they are, just memes and not really to be made into serious asset. The popularity of these coins was just because of the platforms and because some celebs think they can influence people into buying if they made a tweet or two.

Koutami

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Quote from: bhooscream on October 06, 2021, 07:28:11 PM

Quote from: PhucS on October 05, 2021, 12:17:16 AM

Meme coins serve no practical purpose, they are created as a way to make quick money.

Correct. Meme coins have no real uses, no clear purposes. This is why buying and holding meme coins are very risky. If someone wants to hold a coin for a long time, it is not recommended to buy meme coins. But if someone wants to do day trading, I think it is no problem to choose meme coins. Day trading is one of the best ways to use meme coins in crypto market. In this way, we are not holding them for a long time.

Agree, Meme coins are really good for trading since its really volatile and have huge daily volume. But becareful of its dump, since its can happen anytime.
Daily trading isnt good, hourly trade probably more suitable for scalping meme coins.

bhooscream

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Quote from: PhucS on October 05, 2021, 12:17:16 AM

Meme coins serve no practical purpose, they are created as a way to make quick money.

Correct. Meme coins have no real uses, no clear purposes. This is why buying and holding meme coins are very risky. If someone wants to hold a coin for a long time, it is not recommended to buy meme coins. But if someone wants to do day trading, I think it is no problem to choose meme coins. Day trading is one of the best ways to use meme coins in crypto market. In this way, we are not holding them for a long time.

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