Topic: Before investing on meme coin or shitcoins consider this. - page 6. (Read 1104 times)

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 
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.

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.

All that is given as a rule of thumb for investing in projects of this type, of course, deserves attention. And these are the principles I try to follow. But I generally try to invest in projects that are useful and are used for something really useful. And I don’t invest in tokens from the area of ​​\u200b\u200bmeme and other shitcoins at all

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.

We can already see at this point what meme coins will stick around. memecoins that are listed on major markets will have a better chance than memecoins that are only listed on regular exchanges. Examples like SHIBA and DOGE are listed on all exchanges and they are able to survive and will follow the trend of bitcoin when the bulls will reach a new ATH.

all the words above are good. if it's not quite right it's just because excessive lust makes the words above not quite right. for me that's true, only we can manage or not wisely control money so we don't get carried away by shitcoin meme devs who really rarely have a long future. scammers will not disappear from the crypto world, at least these words serve as a basis for being more vigilant

Never ride the FOMO. If you follow people who are creating hype about meme coins just because they are new then get away from them.
It's either they bought loads of it and trying to pump it up for their own good so they can sell it higher than their initial purchase or they know nothing about cryptocurrencies and just trying to get some attention. Another reason could be, they are paid by the company behind the memecoin project.
Please avoid them.
It would always be better if the decision will come on our own, that way we won't point fingers if ever something wrong comes and we can blame only ourselves for the mistake we made. There are loads of meme coins now so finding a gem is like a needle in the haystack. Chances of finding a legit one is very low.

Most people that are investing in such coins are experts when it comes to selling their coins in the short term and they know what they are doing. The victims are those who believe in the hype they thought that it will last forever and the price increase will gonna be there every day until they found out that it will gonna stop and will crash. There's no way these coins will last forever because they don't have any contribution to innovative technologies nor any country or company will use their coins to be one of their accepted currency. It's all a hoax and drama and the people that are promoting it all this time will soon disappear and will gonna promoting another project again because their job is already done and they already get a decent amount of income from the poor victims who bought meme coins when the price was higher.

Absolutely nailed it with the fly-by-night vibe of these meme coins or shitcoins. It's like they've got a touch of the Mercury – here now, poof next. Those pump and dump gigs are all over the place. Developers pump the balloon, inflate the prices, and then BAM! They sell off their stash and leave the average Joes holding the bag. But let's not go full cynical mode here. While it's smart to have your BS detector on high alert, it's not cool to label every new project as a scam. The golden rule is due diligence – always, always, always do your homework before throwing money at anything. Check out the peeps running the show, the roadmap they're peddling, and the buzz around the project. These can give you a pretty good idea if it's got legs to stand on.

You've also nailed it about the 'FOMO' factor – fear of missing out. Keep your cool and don't go running after every shiny thing that comes your way. Sometimes, it's better to be the one who got away than to dive in headfirst without checking if there's water in the pool. And kudos for your point about valuing any profit, no matter how small. In the crazy roller coaster ride of investing, it's the steady Eddy that wins the race. Keep your wits about you and a long-term view can help you grow your investments and dodge any potential bullets.

And it turns out that the strategy has succeeded in increasing some meme coins and getting their peak price. That is also what makes many people also get the biggest profit by investing in this meme coin. But others could not get the right moment to create hype in the market, so the project could not survive and eventually disappeared from circulation.

But it can be risky because we don't know which meme coin project can go high and manage to get hype, so we can get stuck at the high price and not sell it anymore because once it reaches that high price, the meme coin price drops drastically and can't get up again.

That's true, sometimes it feels like not everyone is aware of that. This is why I'm not investing in memecoins. I know more interesting ways to gamble or waste money.

Though all of these were true, but I guess more than half of the people who invested and put their money into memecoin already knew the risks and consequences if everything goes south.
A lot of people got easily attracted by how huge these memecoin can generate profit at a more earliest period or in a short term period in contrast with other well established altcoin with good utilities. That's all because of the hype the people build around these memecoin that would literally make the price go up multiple times. So, putting your money in memecoins is most likely that your purchasing a lottery ticket and hope that it would hit big in the next couple of months or so.

i'm sure only certain meme coin gonna rise though if it's bull of bitcoin because many other meme coin just gonna get abandoned and slowly losing their market value.

The risk is each other's responsibility, getting into memecoin means being ready with all the risks. Using a minimum of money to memecoin is highly recommended. Buy some and leave, maybe it will explode like DOGE, we also don't know what will happen later, but when Bitcoin price is bullish and reaches new ATH then most likely all altcoins will increase including memecoin.

If a person is determined to invest in those coins then there is nothing we can do to stop them, but at least those people should be incredibly cautious once they are invested in one of those coins, in my opinion those people should always be ready to sell their coins at the most minimal sign that the coin could begin to dump, and this is because the last thing you want to do when holding those coins is to still be holding them when they are crashing, as it is possible you will never recover your money if you do this.

Good point you mentioned, but sometimes I keep wondering why some big exchanges are listing these hype meme coins when they know they don't have any tangible thing to offer other than the hype the coin, the project dev's and early adaptors will dump the coins on people and move on to retire, I think if exchanges starts to vet these coins, they might be a thing of the past

Even though things like this are always emphasized but of course we still see lots of people who are naive and still believe that they will still experience real profits when they are in shitcoin even though that is a false hope.
Reminders like this are obviously something very good, it's just that we know that the majority, especially for beginners, are a lot of naive people and expect something instant in this matter.
But even so, at least there are good people who remind me and I like this. At least it's possible that with something like this there will be some people who realize that false hope in shitcoin never creates really profitable conditions because things like that this only makes it miserable, especially for those who don't know the momentum and only follow the hype.

I do agree that it is not going to be simple to invest into these things because they are just too volatile and based on excitement and hype nothing more. If you can rally up people then you can get them to invest into any meme, it could be pepe, it could be doge, it could be shiba, it could be ape. You can start a rick/rolled based token and you could get people to invest by just sending them to the video lol, there will always be people who will invest into memes.

All you have to do is rile them up, and if you can do that then you can do wonders. Obviously there are good versions and there are bad versions, the ones that rank in top 200 are the good ones, the ones who can't even get the funding are the bad ones, they will not worth anything and just trying to make money based on the hype.

In the context of exaggerated memes, it is not uncommon for investors to choose them to get rich quick. In fact, there are a lot of people who change their lives thanks to these coins, but overall, I don't think it's sustainable. Because money comes easily, it also comes easily, so I think the way you handle it and your mood determine what you are thinking when investing in these meme coin investments. What matters is whether you follow the hype or not because coin memes aren't really bad; the bad thing is how you join them with investment decisions.

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.