Can you make money from meme coins? - page 3.

Yamifoud

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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.

Those who ride Dige and Shiba during its hype certainly make a huge profit but for those who come late and just invest lately, that is something it gives no assurance. Even this thing happens in real life but can't just rely upon meme coins, they are nothing when it comes to market competition, and most of these coins are almost dead already which I think that many investors had lost their money into them.
That is why I'm saying, if we are just about to invest in crypto, we'd rather choose those reliable projects, not these joke/meme coins.

perfect999

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Quote from: JahriMeayer on February 10, 2022, 10:54:16 AM

After your thread, I'm informed that a meme coin named 'force coin" is available in market but haven’t found anything related it on Google. Moreover i agree that we can make money from meme coin but for that, need good knowledge about market. Investing on any meme coin and wait blindly, won't make you profitable unless you hit the good one by your knowledge. but nowadays It turn into horrible cause meme coin doesnt have an solid cause for ups and down. A few lucky people have earned, rest of individual lost their assets

Maybe it was the same coin that were talking about on this thread. They upgraded the coin again by changing its name. They remove the "the" and added "coin". Who informed you? It could be that the person that tells you this have invested already on this coin. He isn't contented to lose on his own but he wants other people to join him. How dare him ? limited information when searched on the net is a sign that this coin is 101 percent scam.

I know meme coins are already risky and likely a scam but this one here force coin is more than that. A good knowledge can do more if you use it in better coins, don't waste building good knowledge if your only gonna invest in meme coins because the return is not worth it.

tsaroz

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It's almost impossible to make money out of force coin as it seems to be a complete scam. Other meme coins though still being a scam, can be used to make money if you timed you entry and exit right. It's still a gamble and I won't categorize it as a trading strategy but a bet. With so much uncertainty surround crypto and market as general and meme coin having no specific nature other than just started as fun, there's no certain formula that works.

nimogsm

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Quote from: Alert31 on February 10, 2022, 11:08:15 AM

Yes, many make money with meme coin and they are lucky because if you don’t have enough knowledge in handling meme coin, you will definitely face huge losses. Meme coin doesn't have any real use case that's why it's too risky to invest in such coins. But it you invest earlier in meme coin, you have a chance to gain profit.

I think this is not possible for everyone, you still need to have time for HYIP and most often people become long-term investors and wait for the opportunity to come out with a profit.This is a very dangerous game, besides now there are a lot of these meme tokens and the developers are not honest in most cases.

Alert31

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Yes, many make money with meme coin and they are lucky because if you don’t have enough knowledge in handling meme coin, you will definitely face huge losses. Meme coin doesn't have any real use case that's why it's too risky to invest in such coins. But it you invest earlier in meme coin, you have a chance to gain profit.

JahriMeayer

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After your thread, I'm informed that a meme coin named 'force coin" is available in market but haven’t found anything related it on Google. Moreover i agree that we can make money from meme coin but for that, need good knowledge about market. Investing on any meme coin and wait blindly, won't make you profitable unless you hit the good one by your knowledge. but nowadays It turn into horrible cause meme coin doesnt have an solid cause for ups and down. A few lucky people have earned, rest of individual lost their assets

RealMalatesta

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Quote from: QueenVera on February 09, 2022, 12:19:50 PM

All altcoins are tull of speculation which is why we are advise to only trade or invest in Bitcoin. Memecoin drops 50% but they are not the only ones, all cryptocurency drops including Bitcoin itself so that should not be an excuse not to make money from this memecoin. We have those trending that are very good like it is unlikely to die off the market.

Coins such as doge coin and shiba Inu are perfect example, you can trade this coins as they get easily pumped, after you realized profit you sell and not be greedy. Do not be concerned on how the coin does after you sell, just trade to get enough capital and move to more solid projects

Memecoins drop faster because they are only there with the hype and when the hype is over they are gone. Other coins drop based on two things, either they drop because they are failed projects or scams, or they end up going down because of the market.

We have seen bitcoin go down in the recent months (thankfully recovering now) but we also saw other coins fall at the same time, ethereum going under 3k and all of that. This is a proof that not all falling is the same. Memes are different, they drop because they are basically good for nothing and that causes a bit of situation for them and we should not really be doing anything with them if we want safety of our money.

susuberuang

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Yes you can make money from meme coins if you are lucky spot a good meme coin that will increase x2 or more but most of them can not last long because they will dying or turn to scam in the end, this is how risky when investing in meme coin. I don't think this Jedi is a profitable coin, better to research the project first before to invest.

Actually when you say that it is very clear that meme coins are not a good choice so there is no need to spend a lot of time researching it again because playing at a very big risk is definitely never going to win forever, and if someone wins it's just a game just luck for one or two people.

LogitechMouse

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Quote from: BitKongy on January 01, 2022, 11:44:52 AM

80% of my gains this year came from meme coins but at one point I got tired of them because Devs and scammers focus more on this use case now than anything, it's just a money making opportunity for them now so I stopped investing money on them as they get more unsafe to invest money on

You're lucky that you've made money on meme coins.

Most of the investors are losing money on meme coins because they are buying at the top and got FOMO'ed. Well with regards to the OP, crypto space has lots of opportunities and making money from meme coins is one of them though the risk-reward ratio of it is very high. We've seen many investors who changed their lives investing into meme coins. Some of them tripled their initial investment or even more but there are some who lost it all which is quite unfortunate but its part of investing. Overall, meme coins are just a short term pump and dump coins for me and I'm not recommending them to hold.

tvplus006

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Quote from: deean_3one on February 09, 2022, 08:38:05 AM

I heard and saw many people have benefited from meme coins. However, I've never tried it once. Because of the lack of courage to invest in meme coins.

If we compare the number of successful meme coins with those that will never bring profit, then we will see that it is very difficult to accurately determine a profit coin due to the large number of fakes. Therefore, most investors bypass the new meme coins in order not to lose their money.

oemar bakrie

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before turning to meme tokens to create our own investment assets, we should seek information about how the team works and the purpose of memes going forward,,because they all involve a large personal capital so that we don't go wrong and a lot of meme tokens now make me a little worried ifthis will work..other than that experience was used to predict the doge at that time and it was too late to find out its development and I bought the wrong one when the price was high..

rijaljun

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Quote from: rozak on February 09, 2022, 09:16:08 AM

meme coins have no definite long-term future sometimes they just create hype 1 time and then they die.

Exactly. So if you missed that opportunity to enter the market at the right phase and sell when it hits the top, then making profit out of it is not that feasible anymore. Investing with meme coins could be comparable to risking your way into a one time big time type of investment.

riskarcher

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Usually if you want to get profit from meme coin, buy it when first list on pancakeswap and wait for the pump moment to start and it will only happen for a certain period of time then sell it because there will be a dump moment if the meme coin community is not solid. I think meme coin just like ponzi game

Skinny48

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Possibly if you buy them few days they got listed on exchanges, it's certain that they will dump in value but many will want to take advantage of the project anyway so the earlier you invest the better and safer your money is.

QueenVera

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Quote from: wajik-tempe on February 09, 2022, 12:13:27 PM

So i think trading memecoins with the purpose of getting quick profits is just like a gambling because it's full of speculation

All altcoins are tull of speculation which is why we are advise to only trade or invest in Bitcoin. Memecoin drops 50% but they are not the only ones, all cryptocurency drops including Bitcoin itself so that should not be an excuse not to make money from this memecoin. We have those trending that are very good like it is unlikely to die off the market.

Coins such as doge coin and shiba Inu are perfect example, you can trade this coins as they get easily pumped, after you realized profit you sell and not be greedy. Do not be concerned on how the coin does after you sell, just trade to get enough capital and move to more solid projects

wajik-tempe

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Quote from: QueenVera on February 09, 2022, 12:09:50 PM

Quote from: Ceyflix-Rez on January 10, 2022, 04:11:01 AM

If you know what you are doing then you can make money even from the shitty coins in the market, plan your strategy by knowing when to buy the coins and when to sell them,

Trading has nothing to do with if a coin is scam or not, you are just trading to make money and that should be the focus. You only considered other things if you want to hold a project assuming your strategy does not go through and give you profit. If you are trading then memecoin can be good source of income because they are the most hyped projects.

You can choose any you want to trade then exit the market in time to avoid been dumped on. Take the money gathered and go invest or trade on other fundamental coin as those grow because of the product they are releasing and not because some celebrity tweets about it.

Buy we can not always get profits when doing it with meme coins, there are sometimes we bought the coin before something happen and make the price drop. A meme coin, once it dropped, it must be going to the ground, it will be more 50% drop.
So i think trading memecoins with the purpose of getting quick profits is just like a gambling because it's full of speculation

QueenVera

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Quote from: Ceyflix-Rez on January 10, 2022, 04:11:01 AM

If you know what you are doing then you can make money even from the shitty coins in the market, plan your strategy by knowing when to buy the coins and when to sell them,

Trading has nothing to do with if a coin is scam or not, you are just trading to make money and that should be the focus. You only considered other things if you want to hold a project assuming your strategy does not go through and give you profit. If you are trading then memecoin can be good source of income because they are the most hyped projects.

You can choose any you want to trade then exit the market in time to avoid been dumped on. Take the money gathered and go invest or trade on other fundamental coin as those grow because of the product they are releasing and not because some celebrity tweets about it.

michellee

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Quote from: Ngewex Yuk on February 09, 2022, 09:52:30 AM

Make money from meme coins is to invest or join the bounties program or airdrops from meme coins, and now many bounties carry the concept of meme coins and in my opinion the opportunity for big profits from meme coins is very large because the price is still cheap compared to ethereum or BNB.

Tons of meme coins launching every single day i think but unfortunately most of them SCAM end of the day, and some of worthless. Also i haven’t seen worthy projects (meme) in the bounty campaign. But it’s true that many people’s make money by meme coin, like Shiba and Safemoon coins early investors got huge profit.

Indeed. I agree with what you said. Selecting the meme coins needs more research because most of them are scams and we will only send our money to them without having a chance to make money. Shiba and Safemoon are also meme coins but I feel that both are different because I see there is a development from the dev and team but I am not really sure if those meme coins can survive in the long term. If you want to invest in meme coins, I suggest you do not have a big hope to make a big profit like others because the time for meme coins can be over anytime. So maybe you should invest in other reliable coins or tokens.

Pejoh Asu

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I currently save about 10 new meme coins, and it can be seen that there are 4 that have profited more than 10x if I sell them now, what I do is buy new meme coins because there are usually big pumps on new projects, the other thing is that I use it for staking and earning from other tokens.

Hypnosis00

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Quote from: Ngewex Yuk on February 09, 2022, 09:52:30 AM

Make money from meme coins is to invest or join the bounties program or airdrops from meme coins, and now many bounties carry the concept of meme coins and in my opinion the opportunity for big profits from meme coins is very large because the price is still cheap compared to ethereum or BNB.

Yes, you can and can collect much of them but never expect that it will give more profits after as it is very likely not.

I'm not going to discourage investing in crypto but having a wrong choice of coins like meme coins will lead you to nothing but just an escape of your money. I hope you don't get mad at me but honestly, these meme coins are literally nothing if we compared them to other projects.

Dogecoin, Shiba Inu? They are just good if we can ride on the hype but we're not, no matter how long we've been waiting these coins won't give you such a good return of investment.

Topic: Can you make money from meme coins? - page 3. (Read 722 times)