Memecoins bubble already popped. It couldn't survive such market drops and I'm very happy these memecoins will disappear soon. I've said it many times here, these memecoins remind me the altcoin craze when everyone was able to launch a shitty coin, premine it and launch it here on bitcointalk.
Don't waste your hard earned money on this shit.
Topic: Becareful with Meme Coins - page 8. (Read 1830 times)
Now the meme coins have reached their real position. I think now they will never recover and touch their ATH. DogeCoin is still doing good because it is an old one. All other meme coins are new and made after Elon Musk's tweets. I think now we all should leave the talk about meme coins and start investing in altcoins and Bitcoin. Because they are our market's future.
I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
Dogecoin has been used really for real as alternative transfers during the high fees of bitcoin and Ethereum.But right now, both of them have cheaper fees so there's no need for any alternative as it's already been solved by bitcoin and ethereum. It's okay to have such coins as Doge but we don't need more of them.
That's what the problem is, they keep coming.
Actually, some of these meme coins just pump during the bull market and many have become profitable that is why many newcomers encourage to invest in meme coins. However, if we think about long-term investment, this is not a wise decision.
But it didn't take the highlight for too long because the market started to drop and everyone's sentiment has become bearish. As I've said, a lot have used it for transfers.
Not for the sake of investment, it's only for Doge but I don't know with the other meme coins.
I believe these are short-term gain coins and one must be very careful while investing in meme coins because I see most of the investors are looking for 2x or 10x profit in short term but practically not everyone book the profit like this on the other hand majority of the investors book loss rather than profit. I agree one should always trust the top and tested coins for long in the market. I always keep away myself from the hype coins I always trust the product base coins like Ethereum, BNB, DOT, and Tron.
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.
This is a strong message from how these coins are performing on the market and I would say someone is trying the pump and dump scheme to get people buying and once the coin reaches a certain price it will crash hard... btw if these alternative meme coins can drop this much and aren't showing independence, am afraid they wouldn't be my "must have coins." 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.
I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
Most investors are not really equipped with the right information before venturing into investing in a coin. It's always wise to do short term investment on meme coins that are capable of bring good profits for the temporary time before giving it back to the market, although it has is own risk that an investor is supposed to be aware of rather than investing blindly. Meme coins most time are not easy to differentiate and proper consideration need to be out in place before investing in a new coins especially the promising coins with no utility.
honestly ,i like meme coin for speculation purpose moreover it elon musk shill it.
If you have understood the risks of speculating in cryptocurrencies, then the decision is yours. You put your money in a pit where the rise/fall depends on only one person, Lol. Those are bloodsuckers, when Elon can't do better, it will go to failure. Doge, Shiba are double-edged swords. Be careful I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
People have the right to create whatever stupid coin they want. I just find it annoying that people are shilling these meme coins like they actually serve a purpose and they think it will flip Bitcoin. People who have a lot of money invested in these coins are clueless idiots and they encourage other fools to be wreckless with their money.
the stupidest thing is that they create their meme assets without
Memecoin, as far as I am concerned, is a gambling. The problem will arise if the player of memecoin are not aware of what they are doing. It is not unacceptable to gamble and I think the volume and interest showed in memecoin is making us to see that there are a lots of gamblers around. As cryptocurrency stakeholders, you will definitely know where to put your effort for maximum positive results!
I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
People have the right to create whatever stupid coin they want. I just find it annoying that people are shilling these meme coins like they actually serve a purpose and they think it will flip Bitcoin. People who have a lot of money invested in these coins are clueless idiots and they encourage other fools to be wreckless with their money.
honestly ,i like meme coin for speculation purpose moreover it elon musk shill it. price will very volatile and trading in futures will help us to earn instant profits. but its work only for expert traders not for beginner traders, or they will get rekt or liquidate in futures .
I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
no need utility to alive in crypto market , there are alot project have no utility like doge but we never complaint about them. Only doge and shiba inu that mostly talked in crypto market, we always talk about utility and usecase many times but in the fact doge could survive for long time in market. we must follow trend and accept doge coins was a cryptocurrency too. I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
Dogecoin has been used really for real as alternative transfers during the high fees of bitcoin and Ethereum.But right now, both of them have cheaper fees so there's no need for any alternative as it's already been solved by bitcoin and ethereum. It's okay to have such coins as Doge but we don't need more of them.
That's what the problem is, they keep coming.
Actually, some of these meme coins just pump during the bull market and many have become profitable that is why many newcomers encourage to invest in meme coins. However, if we think about long-term investment, this is not a wise decision.
I have always disagreed with the existence of meme coins such as doge and shiba inu, because in my opinion these coins have no utility and have no advantages at all compared to other altcoins, meme coins only rose due to temporary hype
Dogecoin has been used really for real as alternative transfers during the high fees of bitcoin and Ethereum.But right now, both of them have cheaper fees so there's no need for any alternative as it's already been solved by bitcoin and ethereum. It's okay to have such coins as Doge but we don't need more of them.
That's what the problem is, they keep coming.
meme coins have soared so big when the pump has been continuously carried out some time ago and it is very risky when buying at prices that are already too big.
but the holders and fomo are not aware and continue to keep their assets there and hope there is a follow-up pump from the billionaire
indeed the benefits are very large but of course the risk of loss is always lurking
If you get fomo by this meme coins when the market is still in bullish, you probably learned your lesson by now. It's not safe to put all your money into memo coins as they are only profitable in the short term but when bear season attacks, most of them made a huge downfall and maybe they will not recover easily. So it's still better to stick on the old and trusted coins in the crypto market because everytime the price falls, they still have chances to recover again. but the holders and fomo are not aware and continue to keep their assets there and hope there is a follow-up pump from the billionaire
indeed the benefits are very large but of course the risk of loss is always lurking
there are people who keeps on insisting that the chance still there if you place your money in much earlier time, not knowing that manipulators (pump and dump groups) already have huge bag holds that's awaits to sell out.
Meme coins designed to serve it's purpose if you are a serious trader / investor finding real project that have real case usages is far better than trying to ride with this kind of projects.
Be more practical in choosing where to place your money while you are inside this market.
I believe that if you are interested in a meme coin you are accepting that whatever you invested into will be manipulated like crazy from the start, that's just how the world works and if you do not want to be manipulated by the whales or whatever so that your coin is left alone and doing decent then you wouldn't have invested into memes to begin with, you are fully expecting everything that is bad could happen to your investment the moment you are putting it into memecoin. Why do people do something this silly then?Meme coins designed to serve it's purpose if you are a serious trader / investor finding real project that have real case usages is far better than trying to ride with this kind of projects.
Be more practical in choosing where to place your money while you are inside this market.
Well the profits, because if you are lucky you could buy when it is low and then sell when they pump it and get out, if you can do that which requires amazing timing skills then you could make a profit, aside from that everyone else will be losing their money, so you have to really hope that you will do a great job at timing your trades in a meme project.
The very beginning of your post pins reality down in a very precise way. You take part in the gamble and the only thing you need to do is make sure to take profit before liquidity dies out and everyone wants to dump. It sounds sad and doesn't really have a lot to do with cryptocurrency as a whole, but it is what it is.
there are people who keeps on insisting that the chance still there if you place your money in much earlier time, not knowing that manipulators (pump and dump groups) already have huge bag holds that's awaits to sell out.
Meme coins designed to serve it's purpose if you are a serious trader / investor finding real project that have real case usages is far better than trying to ride with this kind of projects.
Be more practical in choosing where to place your money while you are inside this market.
I believe that if you are interested in a meme coin you are accepting that whatever you invested into will be manipulated like crazy from the start, that's just how the world works and if you do not want to be manipulated by the whales or whatever so that your coin is left alone and doing decent then you wouldn't have invested into memes to begin with, you are fully expecting everything that is bad could happen to your investment the moment you are putting it into memecoin. Why do people do something this silly then?Meme coins designed to serve it's purpose if you are a serious trader / investor finding real project that have real case usages is far better than trying to ride with this kind of projects.
Be more practical in choosing where to place your money while you are inside this market.
Well the profits, because if you are lucky you could buy when it is low and then sell when they pump it and get out, if you can do that which requires amazing timing skills then you could make a profit, aside from that everyone else will be losing their money, so you have to really hope that you will do a great job at timing your trades in a meme project.
meme coins have soared so big when the pump has been continuously carried out some time ago and it is very risky when buying at prices that are already too big.
but the holders and fomo are not aware and continue to keep their assets there and hope there is a follow-up pump from the billionaire
indeed the benefits are very large but of course the risk of loss is always lurking
but the holders and fomo are not aware and continue to keep their assets there and hope there is a follow-up pump from the billionaire
indeed the benefits are very large but of course the risk of loss is always lurking
don't put yourself in an awkward situation, mostly meme coins were just hype and lost their value after big holders release it , when there is a lot of hype, where people are so excited and was telling it's going to be the next thing, they were just influenced by other people thinking it will be worth something in the future but the sad reality is that the holders are just waiting for the right price to dump and leave the projects.
I agree, we should be careful on meme coins I never seen a real cryptocurrency that pumps more than 1000% in just 1 week or 1 month only these coins. Not because they pump like that doesn't mean that they are profitable I also seen some coins that crashed from $30+ to less than $1 in less than a week but that's on DeFi but that doesn't mean that it will not happen to meme coins.
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