Before investing on meme coin or shitcoins consider this. - page 2.

nyashenka

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Quote from: Psynthax on May 20, 2023, 06:10:46 PM

everyone should know investing in shitcoin in general speculative but also more of wasting money, only 1 out of 1000 gonna give you massive profits, everyone thinking they could become rich overnight are delusional unless they got really lucky.

100% agree, because investing in meme coin is very risky, so if you don't dare or don't want to take risks, then you better not invest in meme coin, because the risk of losing your money is very large, but if you are lucky, then of course the profit you get is also very large (high risk high return), so my advice is if you want to invest in meme coin then you must be prepared to lose the money that you invest and if you get profit then don't forget to sell it quickly and don't be greedy (hold for the long term), because the price of meme coin is very fast to dump.

Mostly meme coins are used not only for invsesting but for speculations. Memes comes only for few days and than people forget about them. The same situation is with meme coins. Thay just comes that some people will be able to earn money on them and then people forget about them and they die and many people lose money on them.

khiholangkang

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Quote from: Ngemmeng on June 29, 2023, 06:58:45 PM

Quote from: Desscount on June 28, 2023, 04:51:18 AM

What you decide maybe it is the right decision because it will only be a waste of time to invest in shitcoin,
better use that precious time to research coins that have potential and it will be more useful,
learning from that experience will make us better.

Actually investing in meme coins or shit coins doesn't take long and you don't need to do complicated research because even most of them don't have a road map and no information about the team behind the project. my advice if you want to invest in meme coins invest $ 1 and forget about it, hope that in the future the meme coins you invest will be like shiba Grin

Usually Shitcoin relies on hype to develop, like during the meme of dog coins, many people make the same project clone and use the community that is passionate and does not want to miss like Shiba and Doge,
So indeed this in practice is depending on the luck of the meme coins they make, if they attract their attention will get the market, and there is no definite roadmap, like Shiba even though their development has a schedule but what I notice is always not according to time which they had set before.

Velemir Sava

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Quote from: mattujusuruga on June 29, 2023, 08:08:00 AM

Quote from: avp2306 on May 19, 2023, 10:52:20 PM

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.[/b]

I agree with this point that be a smart investor, appreciate every advantage, and always be grateful. Thus, we can protect our investment and avoid unnecessary losses.

It makes a lot of sense, and I want to add this, a smart investor in my view is one who is able to maintain his health and balance between work and is able to share and make time for his family and not just money in his head even though it is one of the real supporting tools in a family's life .

Ngemmeng

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Quote from: Desscount on June 28, 2023, 04:51:18 AM

What you decide maybe it is the right decision because it will only be a waste of time to invest in shitcoin,
better use that precious time to research coins that have potential and it will be more useful,
learning from that experience will make us better.

Actually investing in meme coins or shit coins doesn't take long and you don't need to do complicated research because even most of them don't have a road map and no information about the team behind the project. my advice if you want to invest in meme coins invest $ 1 and forget about it, hope that in the future the meme coins you invest will be like shiba Grin

mattujusuruga

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Quote from: avp2306 on May 19, 2023, 10:52:20 PM

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.[/b]

I agree with this point that be a smart investor, appreciate every advantage, and always be grateful. Thus, we can protect our investment and avoid unnecessary losses.

Desscount

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Quote from: rojan on June 28, 2023, 04:41:17 AM

Quote from: BaeSuzy on June 26, 2023, 09:23:35 AM

As soon as this little bullish wave washes over there’s gonna be a lot of people holding shitcoin bags that’ll never pump again. People should get out with a profit if and when they can. Shitcoins is like going to the casino. You might win a little but in the end you lose everything.

Yes this happens to me quite often. Not much interested in shitcoins. Earlier I faced huge losses holding shitcoins. So now I try to stay away from them. They give me small profit most of the time there is a possibility of losing money. That's why I value altcoins more. I know investing in altcoins has a chance of getting good things in the future. For that we need to choose the right coin and wait for the right time to invest.

What you decide maybe it is the right decision because it will only be a waste of time to invest in shitcoin,
better use that precious time to research coins that have potential and it will be more useful,
learning from that experience will make us better.

rojan

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Quote from: BaeSuzy on June 26, 2023, 09:23:35 AM

As soon as this little bullish wave washes over there’s gonna be a lot of people holding shitcoin bags that’ll never pump again. People should get out with a profit if and when they can. Shitcoins is like going to the casino. You might win a little but in the end you lose everything.

Yes this happens to me quite often. Not much interested in shitcoins. Earlier I faced huge losses holding shitcoins. So now I try to stay away from them. They give me small profit most of the time there is a possibility of losing money. That's why I value altcoins more. I know investing in altcoins has a chance of getting good things in the future. For that we need to choose the right coin and wait for the right time to invest.

TheGreatPython

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Quote from: wheelz1200 on June 24, 2023, 01:19:58 PM

This is all good advise but 99% of the people who buy these coins will ever listen to rational thought. Greed fuels the meme market. There is literally zero purpose to buy these coins except in the hopes someone or some group will pump it so you can dump it, greed. It's unfortunate that crypto got infected with these things but here we are.

We are actually the ones who let these stuff infect the cryptocurrency market by fueling them with our investments only because, as you said, we are greedy and we are always looking for opportunities to earn a lot of money in a very short period of time so that we can have better lives and get rid of all the issues and problems that we have in our lives but we forget that it is not that easy and achievable.

Most people follow other people when they are investing in such tokens because they think that if someone got success with such as investment, they might do as well but they ignore the fact that thousands of people invest in them and only a few get any profits out of these investments.

BaeSuzy

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As soon as this little bullish wave washes over there’s gonna be a lot of people holding shitcoin bags that’ll never pump again. People should get out with a profit if and when they can. Shitcoins is like going to the casino. You might win a little but in the end you lose everything.

judaspriest

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Quote from: Dessy88 on June 25, 2023, 02:09:50 PM

Disappointed more time when i see a meme coin because really high risk for invest. Lot of biggest investors now avoid meme coin so there are no chance for hype tracker. First time a meme coin giving overprice but after that down start continue. So you should make smart investors mind then you can get successful investing profits. Otherwise you should invest real top currency which is low risk and some happy profits.

Surely investors are not without reason to avoid meme coins besides that I don't think they want to waste their time either,
invest in top coins or potential coins it is much more profitable,
besides being safer the risk is also not as big as meme coins.

Victan22

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Quote from: avp2306 on May 19, 2023, 10:52:20 PM

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.

Indeed this thread is in the right educating direction, I could remember as a newbie into the crypto community a friend of mine introduced me to some of these shitcoins without being properly educated I invested on a few of them with the intention of making more investment with the profit acquired from my first investment but to my greatest surprise all of that went down the drain like what I would rather call "abandoned project ", the shitcoins were so dormant and static instead of appreciating in value it was depreciating until it went down to zero value and that was how I lost out on that very investment.

So I'll conclude that the above thread is indeed an educating piece which will guild all beginners and miners in the crypto community.

smile1218

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Quote from: avp2306 on May 19, 2023, 10:52:20 PM

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.

I agree with you. When considering investing in meme coins or shitcoins we have to keep in mind that it's important to understand the underlying technology and purpose of the coin. Many of these coins are created as a joke or as a way to capitalize on current trends, which can make them highly volatile and risky investment. Consider the community behind the coin. Is there a strong and active community that supports the coin? Are there developers actively working on improving the technology? A strong community can help give a coin staying power and increase its value overtime. Be aware of the potential for scams and rug pulls. Many meme coins are created with the intention of quickly making money and then disappearing, leaving investors with worthless coins. It's important to remember that investing in any crypto currency comes with risk. It's important to do your own research and only invest what you can afford to lose.

bittick

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Quote from: Dessy88 on June 25, 2023, 02:09:50 PM

Disappointed more time when i see a meme coin because really high risk for invest. Lot of biggest investors now avoid meme coin so there are no chance for hype tracker. First time a meme coin giving overprice but after that down start continue. So you should make smart investors mind then you can get successful investing profits. Otherwise you should invest real top currency which is low risk and some happy profits.

big investors that have good reasoning behind every of their move will definitely never invests in shit coin or some meme coin but honestly there are some of the bigger meme coin investors out there coming from large investing company, just look at milady, there were rumoured to be having some big investors bagging the coin at early stage before even elon shilling for it, there most certainly has been many large investors that have invested in meme coin.

Myleschetty

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Quote from: Dessy88 on June 25, 2023, 02:09:50 PM

Disappointed more time when i see a meme coin because really high risk for invest. Lot of biggest investors now avoid meme coin so there are no chance for hype tracker.

How can you be sure that a lot of the biggest investors now avoid meme coins when people like Justin Sun make a public announcement some weeks ago about his plan to join the meme coin trading scheme?
You may not know that meme coin is one of the biggest cryptocurrency investor's weapons for making quick profits from naive cryptocurrency investors.
Don't get me wrong. I am never a meme coin investor and never old one before.

Yamifoud

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Quote from: wheelz1200 on June 24, 2023, 01:19:58 PM

This is all good advise but 99% of the people who buy these coins will ever listen to rational thought. Greed fuels the meme market. There is literally zero purpose to buy these coins except in the hopes someone or some group will pump it so you can dump it, greed. It's unfortunate that crypto got infected with these things but here we are.

It was their thinking that investing in hyped projects can make them rich because of price surges that had never been seen normally in other projects, even for Bitcoin. Unfortunately, they never think about the consequences of putting their money into this because what is in their mind is to earn big as promised by these developers. It is quite how disappointing but can't stop people from believing it especially if they also have some experience in the past about meme coins ( particularly for Doge hyped). They will buy as they are certain that it works the same.

Dessy88

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Disappointed more time when i see a meme coin because really high risk for invest. Lot of biggest investors now avoid meme coin so there are no chance for hype tracker. First time a meme coin giving overprice but after that down start continue. So you should make smart investors mind then you can get successful investing profits. Otherwise you should invest real top currency which is low risk and some happy profits.

TastyChillySauce00

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Quote from: v3liana on June 25, 2023, 09:13:06 AM

Meme coins are really just a form of gambling. They have little to no utility, but people pile in hoping to profit and pass the bags to someone else and we can't do anything about it, we shouldn't care, let people spend their money on what they want.

It's not only meme but all of things. I meant NFT was also pretty much the same like meme token. Anyone in crypto wanna try to make easy money in a short time and meme token has become the main pick to doubled their money.

There will always be winners and losers. Investing in meme token is only a way to lose your money if you buy at peak price.

Xal0lex

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Quote from: Blitzboy on June 25, 2023, 08:05:27 AM

You've made your stance clear on meme coins: risky, whimsical, and basically a roll of the dice. True, they might bring profit to the surfers of the hype wave, but its a tightrope walk. Yet, isnt investing always a gamble? Be it stocks, bonds, even gold, they all carry inherent risks. Granted, their swings aren't as fierce as meme coins, but the mantra is identical: buy at the dip, sell at the peak.

You advocate for safer, high-yield coins with credible histories. But, isnt the reward typically proportional to risk? While I'm not championing meme coins, outright dismissal isnt justified. They've minted fortunes. Maybe, rather than shunning them, mastering their rules of the game could be a wiser move.

So you're seriously trying to compare conservative investing to gambling? That's wrong and not serious. Conservative investing contains minimal risks and no serious capital would increase its risks by stuffing its portfolio with coins like memcoins, NFT, Game-Fi, etc. It's the same situation in stocks. A portfolio consisting of blue chips and a portfolio consisting of cheap stocks cannot be called identical portfolios which involve risks. There are risks everywhere, even in the safest investments, but the degree of this risk varies greatly. The lower the risk, the more professional your portfolio is.

v3liana

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Meme coins are really just a form of gambling. They have little to no utility, but people pile in hoping to profit and pass the bags to someone else and we can't do anything about it, we shouldn't care, let people spend their money on what they want.

Blitzboy

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Quote from: Cling18 on June 24, 2023, 04:50:34 PM

Quote from: kingvirtus09 on June 24, 2023, 04:14:23 PM

Quote from: livingfree on May 20, 2023, 03:26:24 AM

Good advices but here's a thing or two about these people that have been investing into these and keeping the faith for their fate of being rich with those.

They won't listen to people's reminder that are worried and concerned about them. They'll continue to what they've been doing and no matter what reminders and tips you give them, they'll still give their best shot to it.

As they've been into, they'll only say that they afford to lose it and what if the investment they've made there will make them rich. Even so, they won't listen until they ran out of money.

Maybe in most people there are people who are really stubborn, because they will buy and keep buying for sure. Because there are and still are meme coins that can make anyone who trusts rich. Just like those who believed in Pepe coin.

Do you think if other pepe coin investors followed what others are saying here that it's just shitcoins they would be enjoying the money they made from pepe coins today? It means maybe as long as you know how to look for potential meme coins as long as you are sure of what you are choosing there is nothing wrong with that and do it. The bad thing is that you know it has potential but you still haven't bought it. If the market is unpredictable, it's the same with the selection of meme coins that we think are useless but in the end they are.

Some meme coins could probably be profitable during its hype but that couldn't change the fact that they are still meme coins. We can make profit from it if we know how to take advantage of the hype. If ever we gain profit due to their popularity, that doesn't mean that they already have a huge potential because we could only see the real potential of a coin on how it will survive in the long run. Most investors who make a profit from meme coins are early investors. Those who invested after the hype usually end up losing just like other meme coins that turned into rugs last year. Meme coins are for risk-takers but we shouldn't expect too much from them. If you want assurance, better invest with high-potential coins especially those that have proven a lot already

You've made your stance clear on meme coins: risky, whimsical, and basically a roll of the dice. True, they might bring profit to the surfers of the hype wave, but its a tightrope walk. Yet, isnt investing always a gamble? Be it stocks, bonds, even gold, they all carry inherent risks. Granted, their swings aren't as fierce as meme coins, but the mantra is identical: buy at the dip, sell at the peak.

You advocate for safer, high-yield coins with credible histories. But, isnt the reward typically proportional to risk? While I'm not championing meme coins, outright dismissal isnt justified. They've minted fortunes. Maybe, rather than shunning them, mastering their rules of the game could be a wiser move.

Topic: Before investing on meme coin or shitcoins consider this. - page 2. (Read 1127 times)