Before investing on meme coin or shitcoins consider this. - page 5.

poodle63

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Quote from: Jocuserious on May 27, 2023, 01:25:55 PM

Every meme coin going to listing pancakeswap exchange so how believe there service? They never spend money to listing paid exchange with very poor developed. If you have big assets then you can take risk buying shitcoins otherwise forget it. But a green market should make profits by all shitcoins users.

The meme coins were mostly come from poor developers. Listing on cex needs money. that's why poor developers will always try to wait its token to get enough liquidity and they will dump their token to get it to be used to list in the exchange site.
That's how the game is playing this time.

Rasa nanas

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I agree with all your words. I don't even recommend long-term investment in Doge even though Doge is supported by the richest man today named Elon Musk. Elon is also an entrepreneur and at any time his business could go bankrupt and other possibilities he could switch to supporting other projects and leave Doge. If this does happen maybe the price of Doge will drop dramatically. meme coin unlike altcoins with utility there is no reason for someone to hold meme coin except for hype reasons. Most of the meme coins also don't have competent team and also unclear roadmap, in other words the reason meme coins have a price is just hype.

WalkerIVIV

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one thing for sure is when investing in these meme coin just considers your money gone thats it.
then eventually if the investment give back some profits, consider it as a bonus, it's that simple, but many are overly expectant.

albon

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Quote from: Xal0lex on May 27, 2023, 11:52:10 AM

The pancakeswap exchange has always been the spawn of all scams, because the listing conditions on this exchange are the most suitable for listing such junk coins. According to my observations, memcoin will bring great profits only when it goes beyond decentralized exchanges. Once listed on large centralized exchanges, memcoins always skyrocket in value and provide decent liquidity to profit at current prices. On decentralized exchanges, there is very often a liquidity problem when the price of a token has risen many times over.

The worst idea any investor might face is buying meme coins listed on DEX, such as Pancakeswap, Uniswap, quickswap, and other alternatives. Most of these meme coins are rug pulls coins, and anyone can easily create a currency, modify the address of its contract, list it on DEX, and add liquidity to it. After the currency owner collects sufficient liquidity from currency investors, he withdraws the liquidity, and the meme coin turns zero. CEX platforms can be safer, but the risk is that the currency and its pairs can be delisted when the exchange platform team finds significant instability in the prices. It rises with hype, and after it subsides, you see its price in red. I have no certainty about meme coins, and I am not interested in investing in them because thousands of promising currencies have actual use and factual projects in the market.

barlo357

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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.

1. It was just money grab made by whales.
2. Called themselves devs without having software engineering skills, maybe social engineering for how many gullible people they made exit liquidity.
3. The better move is to make your position early and if it passed already few hours, don't enter.
4. Diamond hands until the volume is going down which is a good indicator to sell out first before anyone does.
5. Unrealized gains are nothing until you sell and that is where you made a real profit.

Jocuserious

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Every meme coin going to listing pancakeswap exchange so how believe there service? They never spend money to listing paid exchange with very poor developed. If you have big assets then you can take risk buying shitcoins otherwise forget it. But a green market should make profits by all shitcoins users.

Xal0lex

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Quote from: Ojima-ojo on May 23, 2023, 01:34:19 PM

Quote from: Xal0lex on May 23, 2023, 10:30:21 AM

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.
-snip-

I would add to this theme that it's important to always watch where memcoin is listing. If it happens exclusively on pancakeswap, then you should definitely stay away from such a coin, because on this exchange mostly all sorts of scams appear, and such projects don't live long. If memcoin is listed on other exchanges, more famous, then it is not so clear.

Better if I see then on more pronounced exchange than that pancakeswap that have birthed a lot of scam shitty coins in recent time, in fact, that exchange has become a dumping ground for all the shit coins and projects that are just created as hypes and nothing more.

Even as a struggle to believe in the possibility of a truly functional and long-term memecoin with any use case to rely on for long-term goals, I still know there are few of those coins that present something near alternative but can we rely on them for the long term, that remains a question of time.

The pancakeswap exchange has always been the spawn of all scams, because the listing conditions on this exchange are the most suitable for listing such junk coins. According to my observations, memcoin will bring great profits only when it goes beyond decentralized exchanges. Once listed on large centralized exchanges, memcoins always skyrocket in value and provide decent liquidity to profit at current prices. On decentralized exchanges, there is very often a liquidity problem when the price of a token has risen many times over.

Xal0lex

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Quote from: savetheFORUM on May 25, 2023, 01:10:15 PM

Quote from: Xal0lex on May 23, 2023, 10:30:21 AM

I would add to this theme that it's important to always watch where memcoin is listing. If it happens exclusively on pancakeswap, then you should definitely stay away from such a coin, because on this exchange mostly all sorts of scams appear, and such projects don't live long. If memcoin is listed on other exchanges, more famous, then it is not so clear.

Generally, meme coins are listed in other more famous exchanges or centralized exchanges after they've got enough community hype and the centralized exchanges like Binance have seen some demand for them by their members, that is when they add those tokens since they know people will trade them and they will earn revenue from fees and stuff.

For me, even if a meme coin has been listed by a popular and trusted exchange, I wouldn't still invest in it since their hype is mostly only a one-timer and they tend to just drop and drop and stay stable after the hype is over.

Right, because centralized exchanges are much more popular among crypto investors and have much more liquidity concentrated there. Listing memcoin on a centralized exchange almost always guarantees a sharp rise in the price of that memcoin. One big disadvantage of all this is that if memcoin is already listed on a centralized exchange, it will be extremely risky to buy it because the price will already be quite high, although it may still rise. If you bought memcoins on a decentralized exchange before that, and after that there was a listing on a centralized exchange, then you are very lucky.

Xampeuu

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if we observe, indeed coin memes have their own era, so we must be able to make good use of the moment. when there is a pump, as much as possible we have started selling it, because we don't know how long it will last, so we have to be able to control greed. many investors slip because of their own greed and expectations, so that what happens is actually beyond their expectations. it looks like the crypto world with meme coins will actually shine, because there will be more debate and this will become viral in the cryptocurrency world, afterwards of course there will be many stories to say that the crypto world is fraud

LastKiss

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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.
~snip~

Yeah for all those reasons I rarely invest in meme coins since I'm a long term holder not a short time, meme coins easily pump and dump just because someone manipulates them to get more profits. Personally I'm really avoiding investing in meme coins except when I have money to throw freely in meme coins but something that I like about meme coins is their community is pretty solid to build the coin together.

sokani

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Quote from: dlightag on May 26, 2023, 02:23:46 PM

Thank you for sharing your experience as investor or trader, which was my greatest mistake I made during last Bull Run, busy buying meme Coin and keep buying and buying, without much selling, while my expectations was very high by getting Rich quick, at end most of the coin are no where to be trade, few are worthless, Base on that I decided not to invest in meme Coin, or if I invest in anyone, my initial capital is very important to me, which is any little pump sell and back up initial capital. While hold few for higher expectations that is my new strategy to invest in meme Coin, while waiting for Bull Run market.

I had similar experience. I invested in a meme coin project during the last bull run and after sometime it added some good number of zeroes. I was new to crypto and I was really naive not to cash in and move on. After sometime, the coin took a deep dive but I was still holding hoping that it would make a rebound but I was wrong. I ended up regretting not selling when I was supposed to. My advice is to sell your memecoin any opportunity you have because most of them are bump and dump coins.

Silberman

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Quote from: dlightag on May 26, 2023, 02:23:46 PM

Thank you for sharing your experience as investor or trader, which was my greatest mistake I made during last Bull Run, busy buying meme Coin and keep buying and buying, without much selling, while my expectations was very high by getting Rich quick, at end most of the coin are no where to be trade, few are worthless, Base on that I decided not to invest in meme Coin, or if I invest in anyone, my initial capital is very important to me, which is any little pump sell and back up initial capital. While hold few for higher expectations that is my new strategy to invest in meme Coin, while waiting for Bull Run market.

Stories like yours are incredibly common, it is easy to believe the hype you can read on social media about meme coins as there are a lot of people that have the interest to bring newbies to those projects, but you must resist the temptation to invest in those coins, right now this is relatively easy to do, but once the bull market comes and some of those coins begin to go up in value, there are many people our there that will forget about the losses they suffered previously and invest in those coins once again.

dlightag

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Thank you for sharing your experience as investor or trader, which was my greatest mistake I made during last Bull Run, busy buying meme Coin and keep buying and buying, without much selling, while my expectations was very high by getting Rich quick, at end most of the coin are no where to be trade, few are worthless, Base on that I decided not to invest in meme Coin, or if I invest in anyone, my initial capital is very important to me, which is any little pump sell and back up initial capital. While hold few for higher expectations that is my new strategy to invest in meme Coin, while waiting for Bull Run market.

bussybuddy

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Quote from: Natalim on May 26, 2023, 02:55:59 AM

The question is if meme coins and shitcoins are worth investing in? If not, then why we should have to spend our money with them knowing that the risk is too high? So instead of spending time on these coins, better use them wisely for those projects that seem natural potential because in the end, we are still the ones who suffered when in fact, we have a way to avoid it.

So before investing, must know what we are invested. Because if we are looking into a profit, then have to invest potential coins, not meme coins especially, if we are aiming for long-term.

The most obvious issue I see here is people's understanding of the cryptocurrency market is highly fragmented, some sections don't have the right investment perception and easily get caught up in the wrong things like shitcoins or memecoins, I can mention cases where I have witnessed an elderly person around 50 years old and a poor farmer in a rural area also being called to invest in the specific crypto market with some memes. It is absurd and worthy of condemnation that so many people abuse kindness or greed or the search for life-changing opportunities to scam the inexperienced, I really want to condemn the many things that many people in the world say. This environment is fabricated, but sometimes looking back, things are always fair whether we are famous or not, they will all come to an end over time.

globalpain

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Quote from: Questat on May 25, 2023, 04:31:26 PM

Quote from: ElmedoRator on May 25, 2023, 03:29:16 PM

It's best not to try to follow FOMO blindly, regardless. Because, in general, hype is also a double-edged sword for many people. Those who go first will benefit; those who come later will suffer the consequences. In addition to the excessive pumping of these memecoin projects, there are also many projects that take advantage of the greed of newcomers to scam. When so many projects spring up, it becomes difficult to identify them. Of course, this consequence is inevitable. So don't try to find memecoin projects because the chances of success are very low.

More people had lost their money from investing in hyped projects but many people had also earned a lot as well. Given that scenario, many people will still have their guts following FOMO and gamble with them. But this way is not suitable for low-risk appetite as they will just lose in the end. I'm going to say that investing in meme coins is not actually bad or a wrong decision but we have to be smart. And of course, use our spare money from doing this.

investing in meme coins is indeed very high risk, but if you are a rich person and have a lot of money then I suggest buying memecoins,
I have a good strategy, which is to buy each meme coin with a capital of $ 30 to $ 50 and not more, and hold it until time pump arrives,
indeed not all of them will work but I have tried things like that I get more profit.

Natalim

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The question is if meme coins and shitcoins are worth investing in? If not, then why we should have to spend our money with them knowing that the risk is too high? So instead of spending time on these coins, better use them wisely for those projects that seem natural potential because in the end, we are still the ones who suffered when in fact, we have a way to avoid it.

So before investing, must know what we are invested. Because if we are looking into a profit, then have to invest potential coins, not meme coins especially, if we are aiming for long-term.

justdimin

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Quote from: Bitstar_coin on May 25, 2023, 02:00:00 PM

Not created for long term does not applies to the likes of dogecoin which i will consider as father of all memecoins which have been around for such a long time and also manage to gain a nice spot in the top crypto leaderboard Cheesy

Yeah memecoins are not suppose to be for long term, make quick bucks and get out, but looking at the dogecoin, shiba inu gives a different picture about memcoins.
Overall, if you must participate in a memecoin, try to know who are behind it to be able to draw a picture where the coin is heading. Anyways, thanks for te tip.

I still think that it is not a good long term investment. It used to be worth nothing and soo nit will worth nothing again. Just because few hyped people keeping it alive doesn't mean that doge has any value, it was a joke when it first started, we did funny stuff and donated to some funny causes and had our fun, that was it, it ended there.

If you really think that investing your money into dogecoin is a serious investment and hoping to make some money from it, then I could sell the Eifel tower to you as well if I work hard enough to convince you. Because doge is a joke, not a serious investment and nobody should keep a large amount of money there. I can understand few bucks, up to like 50-100 based on how rich you are, so you can join in on the "fun", but not a serious amount.

Iyeman

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Quote from: MiF on May 25, 2023, 01:39:49 PM

When i invested in meme coin i considered my capital as a losses and i forget about it, i only invest small money with this kind of coin, a coin without use case is like a bubble it will lose the value in a long run, because it is not useful unlike coin that has a use case and has a capacity to rise example BNB POLYGON etc., Choose wisely guys scammers is everywhere.

Leanr from your mistake. meme coin shall never be considered as investment instrument. You hve so many native coins in the market and why would you choose meme coin as your investment? i hope you learn a lot from your mistake.
OP has been making some good points related to the meme coin but he missing the last one to never consider meme coin as investment.

Questat

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Quote from: ElmedoRator on May 25, 2023, 03:29:16 PM

It's best not to try to follow FOMO blindly, regardless. Because, in general, hype is also a double-edged sword for many people. Those who go first will benefit; those who come later will suffer the consequences. In addition to the excessive pumping of these memecoin projects, there are also many projects that take advantage of the greed of newcomers to scam. When so many projects spring up, it becomes difficult to identify them. Of course, this consequence is inevitable. So don't try to find memecoin projects because the chances of success are very low.

More people had lost their money from investing in hyped projects but many people had also earned a lot as well. Given that scenario, many people will still have their guts following FOMO and gamble with them. But this way is not suitable for low-risk appetite as they will just lose in the end. I'm going to say that investing in meme coins is not actually bad or a wrong decision but we have to be smart. And of course, use our spare money from doing this.

ElmedoRator

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It's best not to try to follow FOMO blindly, regardless. Because, in general, hype is also a double-edged sword for many people. Those who go first will benefit; those who come later will suffer the consequences. In addition to the excessive pumping of these memecoin projects, there are also many projects that take advantage of the greed of newcomers to scam. When so many projects spring up, it becomes difficult to identify them. Of course, this consequence is inevitable. So don't try to find memecoin projects because the chances of success are very low.

Topic: Before investing on meme coin or shitcoins consider this. - page 5. (Read 1127 times)