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Topic: Can you make money from meme coins? - page 2. (Read 722 times)

full member
Activity: 1834
Merit: 166
February 16, 2022, 01:20:43 AM
#85
In my opinion it's actually the opposite which means the meme coins creator and big whales can make profits out of your pockets so it's better to stay away from them.Last time what happened when the Shiba Inu prices went up? The exchange server crashed and people were not able to sell at peak and then eventually the crash followed which is the last thing for these meme coins.You only loose funds in them nothing else so be aware from them.
hero member
Activity: 3010
Merit: 629
February 16, 2022, 12:35:59 AM
#84
I already made money from SHIB and Doge in 2021. I got $200, then I lost $300. I'm tired of meme coins, simply give up. The risk is too big compared with the profit chances, not recommended to trade. If you want to trade or invest, I suggest buying fundamental coins/tokens. For me, the meme coins trend is over already, we are in Metaverse or Gaming coins/tokens right now.

For someone who experience to lose investing in meme coins, you probably aware of the risk why its not advisable to invest in these coins that doesnt have a real use case. Even there's a new trend already, its still a best option to always choose a well-established coins because it is suited either for short or long term holding.
sr. member
Activity: 854
Merit: 281
February 16, 2022, 12:11:02 AM
#83
You can make money on just about any cryptocurrency or digital token during a bullish mania. The problem with meme coins is that they are susceptible to more violent drops during bear markets, with less of a chance of a long-term recovery. It's thus best to stick to projects with solid fundamentals.

I understand that people can feel that they missed out on the top cryptos when they consider the lesser-known ones. However, as a general rule investors will be better served by focusing on fundamentals rather than hype.
full member
Activity: 868
Merit: 100
Buy $BGL before it's too late!
February 16, 2022, 12:06:48 AM
#82
Meme coins will be good if we buy them when they are cheap and as soon as there is a profit we can sell them again, don't make meme coins a long term investment because this will be different from big coins like Bitcoin and ETH. It's better to switch to Metaverse coins/tokens now by taking advantage of this hype to make profits in the future.
full member
Activity: 1582
Merit: 132
BK8 - Most Trusted Gambling Platform
February 15, 2022, 07:52:32 PM
#81
I already made money from SHIB and Doge in 2021. I got $200, then I lost $300. I'm tired of meme coins, simply give up. The risk is too big compared with the profit chances, not recommended to trade. If you want to trade or invest, I suggest buying fundamental coins/tokens. For me, the meme coins trend is over already, we are in Metaverse or Gaming coins/tokens right now.
full member
Activity: 516
Merit: 105
February 15, 2022, 07:48:59 PM
#80
Yes, but very very risky, coz its coin without any technology, so they dont have any future in real hard world. I heared about one guy who buught doge and sell it when  he think "Elon Mask pump" t coin. But not everyone can sell its on high, ppl are so greedy, to sell its when it need to sell, everytime the wanna more and more Undecided
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
February 15, 2022, 07:34:06 PM
#79
I have ever made to take profits from Doge coin and also Shiba Inu at that time. I am really satisfied with the profits, moreover not too greedy so that still has the chance to take profits from meme coins, not for long term holding because I think that is too risky for me.

But, if it is about other meme coins, I am not sure about it. There are higher risks if we are trading other meme coins, moreover most of the new meme coins are the hype coins or tokens. Nothing special on them, only people who can utilize the right time to buy and sell the coins that may have the chance to take profits, or people who are bigluck.
But for me, I cannot d that because that is too risky. Now, meme coins are over and nothing special again aboutt hat, exceptt he risks.
full member
Activity: 673
Merit: 105
February 15, 2022, 07:13:20 PM
#78
Whatever it is, you can make money, even the coin meme has a good trend although it often comes with dubious manipulations from Elon.  Doge is still king and if you feel your savvy accept the risks.  These memes can create wealth Smiley
legendary
Activity: 3122
Merit: 1140
February 15, 2022, 06:59:19 PM
#77
Personally I think that the chance to make money from meme coin is small. Look at DOGE, and look at SHIB, these two coins are like the top meme coins that we have in the market, but the both of them are not really encouraging at all. These two trended around last year, but the trend didn’t last for long and they were back to square one again.

Both of them are even finding it difficult to make a return to their higher price this year, and they’re not even showing any good signs at all that would encourage me as an investor to go for them at all. Meme coins for now are not for me, but if you should see one that you think is good, then it is up to you.
And it is simple to know why this is the case, those coins depend heavily on hype, so when people are excited about the prospects of those coins then that is when we see them making headlines and generating huge profits, however unless you were fortunate enough to invest in those coins before that hype took place investing in them is simply too risky, because as soon as the hype begins to slow down then the price will do the same, and that is when massive losses are accumulated by those unlucky enough to decide to keep holding their coins despite the crash they know it is coming.
Considering on how many meme coins in the market then you could safely presume that those who are sitting on top are totally because of hype specially SHIB and we do exclude the main meme coin which is Doge.

We do know on whats that project all this time and it do just happens when Elon did make out some hype and now its been poked up ending up on flooding the market with lots of meme coins.
Can you make money? Of course but you would really need to ride with the waves but if not then you would surely lost money.
legendary
Activity: 2534
Merit: 1338
February 15, 2022, 06:56:20 PM
#76
Personally I think that the chance to make money from meme coin is small. Look at DOGE, and look at SHIB, these two coins are like the top meme coins that we have in the market, but the both of them are not really encouraging at all. These two trended around last year, but the trend didn’t last for long and they were back to square one again.

Both of them are even finding it difficult to make a return to their higher price this year, and they’re not even showing any good signs at all that would encourage me as an investor to go for them at all. Meme coins for now are not for me, but if you should see one that you think is good, then it is up to you.
And it is simple to know why this is the case, those coins depend heavily on hype, so when people are excited about the prospects of those coins then that is when we see them making headlines and generating huge profits, however unless you were fortunate enough to invest in those coins before that hype took place investing in them is simply too risky, because as soon as the hype begins to slow down then the price will do the same, and that is when massive losses are accumulated by those unlucky enough to decide to keep holding their coins despite the crash they know it is coming.
hero member
Activity: 2016
Merit: 540
Leading Crypto Sports Betting & Casino Platform
February 12, 2022, 08:14:02 AM
#75
Personally I think that the chance to make money from meme coin is small. Look at DOGE, and look at SHIB, these two coins are like the top meme coins that we have in the market, but the both of them are not really encouraging at all. These two trended around last year, but the trend didn’t last for long and they were back to square one again.

Both of them are even finding it difficult to make a return to their higher price this year, and they’re not even showing any good signs at all that would encourage me as an investor to go for them at all. Meme coins for now are not for me, but if you should see one that you think is good, then it is up to you.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
February 11, 2022, 11:53:36 PM
#74
Don't just hold but rather, circulate those coins thru the usual "buy low sell high" action.
It's better to do that. But sometimes it's not making the coins grow due to some unforeseen scenarios. The holder himself isn't confident that he can expand that amount and because of the doubt, he's not making gains and instead of buying low and selling high, it's the opposite that happens.

Might be hard for others but as they build experience, they will be used on doing it.
Good for doing and building experience when you're open in doing it. There's the hardship but a lot of lessons will be learned.
hero member
Activity: 2534
Merit: 586
February 11, 2022, 11:50:18 PM
#73
First the best place to search for coins is in CMC or coingecko because they give you direct response if the coin existing or not existing if you are searching through the search space at the top of the webpage.

People make a lot of money yes from meme coins known as pump and dump. You get careful and fast to dump and  some have also survived till this time people hodling it like shiba.
Pump-and-dump coins are not only found in meme coins, it is something that is general in the market. There are so many pump and dump coins that you will find these days, and most of them are all these low market cap coins. Coins with a low market cap can easily be pumped and dumped by anyone as long as they have enough money that it can take to do that.

Some of them would also form a group where they would gather lots of people and then raise a huge amount of money to pump and dump coins. Which is the reason why it’s good to choose coins with a higher market cap, because these ones can hardly be manipulated by anyone.
legendary
Activity: 2534
Merit: 1338
February 11, 2022, 09:36:29 PM
#72
of course you can, although instead of calling it making money i’d call it gambling if it’s using memecoins, it’s basically the same thing as any shitcoins out there, just a tool for gambling and market manipulation, i think it’s best avoiding these kind of coins because it could incur investment losses, if you wanna truly make money you should instead try staking because it could give your profits from just staking your investment, could be beneficial for you if you are also waiting for the next bullish run cycle, and it could just multiplies your profits easily.
but there are many cases of investment losing in staking that shouldn’t be underestimated, I guess many kind of investment form that could give you long term profits always carries risk of losing your investment. I just wanna try to remind you that stop to create scam token again OP.


People have to think of a strategy where they can make money even for a meme coin. These coins wouldn't become popular if there's no money in here. We should not just think that these coins are all useless where in fact, as an example, Dogecoin and Shiba Inu do have a good trading volume every day and their respective market capitalization is now huge.

Don't just hold but rather, circulate those coins thru the usual "buy low sell high" action.

Might be hard for others but as they build experience, they will be used on doing it.
The problem is that those coins are heavily manipulated and as such something like technical analysis is not going to work on those coins, and fundamental analysis does not work either as those coins do not really have good fundamentals to being with and their value is based on hype, so when we take those things into account there is not really a reliable way to predict the movements of those coins, and as such it is a mistake to invest in them even if you are one of the few that get profits out of those meme coins.
legendary
Activity: 2940
Merit: 1083
February 11, 2022, 07:59:04 PM
#71
of course you can, although instead of calling it making money i’d call it gambling if it’s using memecoins, it’s basically the same thing as any shitcoins out there, just a tool for gambling and market manipulation, i think it’s best avoiding these kind of coins because it could incur investment losses, if you wanna truly make money you should instead try staking because it could give your profits from just staking your investment, could be beneficial for you if you are also waiting for the next bullish run cycle, and it could just multiplies your profits easily.
but there are many cases of investment losing in staking that shouldn’t be underestimated, I guess many kind of investment form that could give you long term profits always carries risk of losing your investment. I just wanna try to remind you that stop to create scam token again OP.


People have to think of a strategy where they can make money even for a meme coin. These coins wouldn't become popular if there's no money in here. We should not just think that these coins are all useless where in fact, as an example, Dogecoin and Shiba Inu do have a good trading volume every day and their respective market capitalization is now huge.

Don't just hold but rather, circulate those coins thru the usual "buy low sell high" action.

Might be hard for others but as they build experience, they will be used on doing it.
hero member
Activity: 1540
Merit: 507
February 11, 2022, 07:53:23 PM
#70
of course you can, although instead of calling it making money i’d call it gambling if it’s using memecoins, it’s basically the same thing as any shitcoins out there, just a tool for gambling and market manipulation, i think it’s best avoiding these kind of coins because it could incur investment losses, if you wanna truly make money you should instead try staking because it could give your profits from just staking your investment, could be beneficial for you if you are also waiting for the next bullish run cycle, and it could just multiplies your profits easily.
but there are many cases of investment losing in staking that shouldn’t be underestimated, I guess many kind of investment form that could give you long term profits always carries risk of losing your investment. I just wanna try to remind you that stop to create scam token again OP.
hero member
Activity: 1260
Merit: 504
February 11, 2022, 10:51:29 AM
#69
Assuming the coin is recorded on a trade with liquidity and has an enormous local area then those are a portion of the circumstances that can make it simple to bring in cash off a task or image coin . I for one bring in some cash also with the image token, so I know to myself that I can truly bring in cash on image tokens on account of an excessive amount of publicity on this.
full member
Activity: 2100
Merit: 174
February 11, 2022, 10:40:51 AM
#68
Yes, we can still make huge amount of money from meme coin, if only we can still have faith on the current price situation. Many investors really achieve a lot from their meme coins investment last year 2021 when meme coin started pumping massively all over the market that was making people to think will pump till February 2022 before it can drop.

I guess what happened last year is about to happen to meme coin price, so that people will not regret for their long term holding. Now that bitcoin, ethereum and meme are preparing to rise higher to encourage their investors and many to show more interest on their pumping in the community.
hero member
Activity: 2954
Merit: 605
February 11, 2022, 07:58:01 AM
#67
Make money from meme coins of course really depends on the performance of the coin, but I'm happy because I got big profits from King Shiba, Goma and Kuma Inu and became my biggest profit in 2021, when I invested only $80 for the 3 tokens in November it became around $6500 .
That seems you are lucky mate and those who invest earlier but I don't think what happens to those who come late and invest during the hype. I'm not sure as well those who keep their meme coins now and miss the chance of selling last year, that possibly they are in big losses.
Apparently, making a choice of meme coins like Shiba Inu is not bad but just to warn not to consider this for long term as they are not good for it.
hero member
Activity: 1106
Merit: 570
February 11, 2022, 06:34:38 AM
#66
we can get profit on meme coins but we have to buy at the right time a lot I see often people lose with meme coins they lose because they are late buying the meme coin they buy when the meme coin is trending and after buying the price immediately falls, so better stop buying meme coins at trending times and I don't think meme coins is the place to be if you are to hold on long term.

Only good one should he held, others should just be traded or ignore because they will make you poor. All coins should be bought at the right time and not just memecoin. Know project that are worth holding, watch what is been developed by the project. They have roadmap, observed if they are actually working on what they promised and not just waiting their customers to buy and hold then hope for some hype to come in.
Even memecoin should be studied;g you want to invest because they have plans for themselves. Avoid those that are not top yet and do not have any plans but just hopes.
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