Topic: Becareful with Meme Coins - page 3. (Read 1830 times)
By holding a meme coin, the risk that we will accept is very large but if we hold a coin with a very cheap price then it doesn't matter to hold it in the long term because the coin will rise suddenly without us realizing it, especially the more people with big losses then there are also people who experience big profits that trading all things can happen just how we manage our finances for the future.
Major cryptocurrencies like Bitcoin and Ethereum were developed to solve real world problems. Meme coins serve no practical purpose, they are created as a way to make quick money. Some have been promoted by celebrities, mentioned in some events, so their value is greatly exaggerated. They have no practical utility or solve new problems.
Celebrities who mention the value of memes excessively are very common because they are paid by the meme party to say that so that the meme tokens mentioned sound very good and also very good, when in fact the opposite. I am not against crypto, but buying meme coins for the sake of riding a shill is a big risk. Why meme coins are created? If you are new to crypto and want to create your own coins, you can simply declare it a meme coin. Hire some shillers, or make some bounty and make some website to make it look very legit crypto.
I agree, the doge coin rally was a rare occurrence. Betting on other meme cons to follow doge coin is a big risk in my opinion. While doge coin was a nice pay day for most of us, but it will not occur with many other coins. Most of the meme coins just lost money.
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.
You are correct, becouse myself is example of this, i invest my assets on Four different meme project, i know that meme coin investment is risky, but i invested. As a result one project is profitable for me and i lost 70-90% fund from my others meme coin's investment. But it is correct that many people earned good money from meme coin investment. Also from Shiba Inu i maked good profit.
I agree with you that the majority of meme coins are scams. I investigated smart contracts some of them (especially those that contain in their name "dog" like lady doge, baby doge etc) and almost everywhere I saw functions that showed me that developers just wanted to ride the gravy train. They just used the fact that dogecoin was trendy and people believed that meme coins were really profitable so started creating plenty of such coins.
There isn't any need for investigation. But curious to know anyway, since most people in this space aren't actually devs (and by this space I mean people entering into discussion).
Where are the functions that show this about developers?
AFAIK everyone just copy pastes from Github and then relaunches on another chain or L2.
Major cryptocurrencies like Bitcoin and Ethereum were developed to solve real world problems. Meme coins serve no practical purpose, they are created as a way to make quick money. Some have been promoted by celebrities, mentioned in some events, so their value is greatly exaggerated. They have no practical utility or solve new problems.
Meme coins very risky. Maximum meme coin is scam. They make a profit in a very short time and make a profit in a very short time. If you want to take profit from these, you have to go out again with the entry at the right time. It is best to stay away from these.
I agree with you that the majority of meme coins are scams. I investigated smart contracts some of them (especially those that contain in their name "dog" like lady doge, baby doge etc) and almost everywhere I saw functions that showed me that developers just wanted to ride the gravy train. They just used the fact that dogecoin was trendy and people believed that meme coins were really profitable so started creating plenty of such coins. Meme coins very risky. Maximum meme coin is scam. They make a profit in a very short time and make a profit in a very short time. If you want to take profit from these, you have to go out again with the entry at the right time. It is best to stay away from these.
I dont treat any other meme coin other than Dogecoin itself because this is the origin of all meme coins and the rest is just pure non sense and just trying to dive in with the hype.I dont see anyreal-use case with these things but rather they do just dive in because of the hype thats why people specially noobs should really be careful on dealing up with meme coins and other shitty
projects in the market because if you dont then most likely you would lost up money.
Meme coins very risky. Maximum meme coin is scam. They make a profit in a very short time and make a profit in a very short time. If you want to take profit from these, you have to go out again with the entry at the right time. It is best to stay away from these.
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
There are many assumptions about the emergence of meme coins today, there are meme coins that can make the holder happy because they have a more profitable future in holding the coin. but not all memecoins have such prospects, so to avoid anything unwanted in holding memcoins you should take steps such as following media that informs about memecoins held, such as their telegram group, facebook or twitter. don't be too serious in holding memecoins, because there are still big projects that are more sure of their profits. 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
You can easily become wealth and freedom through memecoin, and you will become nothing with memecoin. We have no way of knowing what is the right opportunity to invest in memecoins. It is still necessary to set a stop loss for meme coins. Prevent coins from falling to death.
I am not interested in meme coins, since this is a very risky investment that is profitable only at the initial stage of such a coin spinning. If it has been increasing in price for a long time, the investment risk increases very much. This game is not for me. There are many safer ways to make money in the world of cryptocurrency. 
I don't even understand the point in investing in meme coins. If you are curious about them, then you can collect them like rare stamps or coins. But there is no point in making an "investment" with these cryptocurrencies. And earlier it was still OK. We were only having Dogecoin and a few dozen other less known memecoins. But after Doge had it's crazy bull run, hundreds (if not thousands) of memecoins have popped up. And in most cases, it is clear that the promoters are trying to cash in on the popularity of Doge.
Actually got some but being toast at the moment. It seems the only way to recover these meme coins are if elon and dogecoin started to pull the market from bearish divergence. But that's not gonna be easy as bitcoin market is being fud by the Chinese Government. I do hope Chinese crypto enthusiast will support blocking their own government for making a stupid decision.
It is as if you knew that the government of china will pull a big one again on cryptocurrency and it did. China is disrupting the pace of cryptocurrency and drawing the world back with its many bans on it. Referring to meme coins as dangerous investment is a good warning because alot of the coins there are only created to scam people without anything to project. But alot of people do not want to heed to this warning because they see memecoins as easy profit for them but most of them end up getting scammed.
You can easily become wealth and freedom through memecoin, and you will become nothing with memecoin. We have no way of knowing what is the right opportunity to invest in memecoins. It is still necessary to set a stop loss for meme coins. Prevent coins from falling to death.
Only the people that buy meme coin in the beginning actually really enjoy the big profits… especially if the token already pumped and is some on all time high price… buying meme coin at ath is really good because when it dumps , it dumps really hard 50-70% and the recovery would be quick
Yes, I think meme coin has a very big risk compared to altcoins that are in the top 100 CMC, because meme coins are like gambling at a casino, you should invest in altcoins that have been registered on several exchanges so that it will reduce the risk of loss.
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.
Holding a meme coin is not the right solution, because usually investors who have large capital will pump and dump it in a short time on the coin, and of course this will only benefit people who enter the market early, then after that usually the price will drop significantly to return to the base price.
I am not against crypto, but buying meme coins for the sake of riding a shill is a big risk. Why meme coins are created? If you are new to crypto and want to create your own coins, you can simply declare it a meme coin. Hire some shillers, or make some bounty and make some website to make it look very legit crypto.
A look at Meme coins one can sense it was somewhat created as a joke or fun something, and since it was bull run, they banked on it and turned to a shitcoin season where many were created and while some made money others turned to bagholders. Also, while the two most prominent which is Doge and Shiba are on top exchanges with their team doing whatever they can to protray a clean image of their platforms and tokens, one still needs to be careful with whatever investment decisions he want to make on them.
In all I think, Meme coins have little to nothing to offer, also I heard Dogecoin foundation is about coming back or already back, and who knows what will mean but nevertheless due diligence shouldn't be neglected at anytime.
In all I think, Meme coins have little to nothing to offer, also I heard Dogecoin foundation is about coming back or already back, and who knows what will mean but nevertheless due diligence shouldn't be neglected at anytime.
last year people don't really care about meme coins. but ever since ElonMusk manipulated the "DOGE" Meme coin most of the developers are competing to create meme coins and in fact most of them can't stay in the market for long.
It's true that now many new coin memes are appearing because they are inspired by coin doge, but I believe with one coin meme for me to keep for the long term, namely shiba coins, I think shiba coins are very good for long term storage. Jump to: