Craze for Meme coins never ends? - page 2.

odunybiz

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Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

That's why I sometimes advice people to try buying some altcoin with only the money you can avoid to lose because some can come with potential to make it big in limited time. Although this should be done after some research. A beautiful logo isn't enough reason to buy a coin. The fact that he/she was lucky to make it with this coin doesn't guarantee that coin with good logo are good for profit, he/she just gambled and was lucky to make good profit from it. Good research should be done before you should buy any altcoin.

Marvelman

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Quote from: kentrolla on December 20, 2023, 01:37:03 PM

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

You think so? So how do you explain all the fluffy coins that flooded the market?
https://coinmarketcap.com/view/memes/

Quote from: kentrolla on December 20, 2023, 01:37:03 PM

Mate, this makes zero sense and people want to earn real quick that's why they invest into meme coins as few memecoins had crazy pump wherein the rest has been disastrous. I am not a fan of this concept and I can never agree that people invest for fun or because it's cute because only a noob can do it.

Noob? Psh! Let's just say that high-stakes investing ain't for the newbies and the wimps.

It sure seems magical when those meme coins take off, but you're right - it's no fairy tale. Putting money into the latest doggie coin or whatever is basically just gambling. You might hit it big if you catch a wave at the right time, but you gotta figure most folks will end up losing everything they put in. I'm not saying dont take risks, but I don't bet the farm on this stuff either and if you want something more stable that'll grow over time meme coins aren't really the way to go.

ajiz138

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Quote from: GreatArkansas on December 19, 2023, 07:08:42 PM

Memecoins is really high risk, high reward right now. So just be careful, anything could happen especially since we are in the volatile part of the market right now.
Memecoins is great, I already made some profits from it but I also lost some.
What I can say is if you just hunt some meme coins, make sure to take profits because it's difficult to prediect when they will dump.

I think it's worth it = High risk - High return but keep in mind this is almost the same as gambling which is prepared mentally when experiencing a much bigger loss. Grin

I also feel how profitable meme coins can be faster, the rest are many losses due to uncertainty in meme coins, so I stopped investing in any meme coins.

If there is an opportunity to immediately TAKE!, because what I see is that many people are too greedy in essence, when they have made a profit of 20x then they want to maximize it to 50x, the result is not achieved and the meme even goes down, finally they continue to hold it hoping to go up in reality it will still go down and not go up again.

carlfebz2

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Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

If we do speak about memecoins then there would really be those people who would really be able to make money out of those small capital on which its true that it is really that bounded or need up some luck most of the time specially on first time launch of these coins on which there's no even site that you could be able to look for or any social media on which you could really be able to check and this is why
i would really be telling this for be a complete gamble for those people who are really that loving on dealing up with memes. It is really just that there are people whom do really love on trying out
to take their shot on engaging with those meme coins no matter how shit it would be.

We cant really be able to deny that there are a handful of lives on which these coins had changed up their lives. This is where people would really be loving on trying to mimic out with those
success move and this is why its not really that shocking that there would really be those people who would really be just that loving on trying out to test their fate
on what it would look like here on meme coin field.

jrrsparkles

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Quote from: Out of mind on December 21, 2023, 05:38:04 AM

Meme coins are basically pumped once, it's like a lottery so to speak. At any given time, one person can gain a lot from doing meme, while many people can suffer the most. As far as I know, most people lose money investing in meme coins, which is why I would advise against investing in these coins. Most people are tired of investing in meme coin and this is one of the most impatient projects where people will lose if they don't invest.

If a memecoin price surge then whoever is holding the coin will be benefited so its not like only one will make money and others lose but what you can say is not every memecoin will bump so finding that one memcoin is going to be the mission impossible.

Strongkored

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Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

This actually rarely happens but unfortunately, the media always reports things like this so it seems to be the right picture that investing in altcoins is a good way to get big profits quickly, even though it's just a coincidence and if anyone wants to look for data there will be that are struggling because they experienced big losses.
There is no way for investors to be able to choose which coins will be pumped up to thousands of percent in a short time, so buying them is like gambling, it will turn into gold or ashes, and more will become ashes but newbies will be trapped in investments like this.

Essential10

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Investing in meme coins can be incredibly risky and often like gambling. While some people can get lucky and make quick profits, most investors lose money. I have heard stories of success from some people in the past, but the losses are often silent. Many meme coins create markets based entirely on hype. The reality is that often, meme coins lack long-term sustainability and people lose money on these speculative investments. Meme coins are just a trend, and they will probably fade away eventually. As with any investment, make sure you understand what you're getting into before putting your money into Meme Coin.

Out of mind

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Meme coins are basically pumped once, it's like a lottery so to speak. At any given time, one person can gain a lot from doing meme, while many people can suffer the most. As far as I know, most people lose money investing in meme coins, which is why I would advise against investing in these coins. Most people are tired of investing in meme coin and this is one of the most impatient projects where people will lose if they don't invest.

Obim34

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Quote from: lienfaye on December 21, 2023, 04:06:25 AM

I have experience of investing in meme as well but never had the chance to gain a decent amount. So I only use my spare money because it's quite risky compared to investing in coins with real use case. The guy in op's story is lucky for choosing the right meme coin that will skyrocket in short period. But not everyone is fortunate like him because we can't determine what meme coin will go to the moon and likely give us a huge return.

That's why it is not recommended to invest in meme and you should be prepared for the worse case since it's likely to happen. Therefore if you're going to take risk, only invest what you can afford to lose because there's no assurance at all.

Like you said investment on memecoins is very risky as most times you invest with the mindset of already loosing, what ever may happen should happen be it profit or loss. One good thing about these memecoin is if they intend to give profit it gives a very huge profit than any other Altcoins that is the reason most person still try their luck investing in memecoins

lienfaye

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I have experience of investing in meme as well but never had the chance to gain a decent amount. So I only use my spare money because it's quite risky compared to investing in coins with real use case. The guy in op's story is lucky for choosing the right meme coin that will skyrocket in short period. But not everyone is fortunate like him because we can't determine what meme coin will go to the moon and likely give us a huge return.

That's why it is not recommended to invest in meme and you should be prepared for the worse case since it's likely to happen. Therefore if you're going to take risk, only invest what you can afford to lose because there's no assurance at all.

Best-mary

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Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

Saw an article about someone who bought COQ and made over a millions in a space on 1-2months. He made this much when the memcoin only got listed in two Cex.
Something interesting about memecoins, is that when you get the right one, it will multiply your income really fast

irhact

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Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

Stories like this are becoming regular as we're about to enter into the bull market and this will make more investors begin to invest into memecoin but any individual that's getting interested in memecoin have to be ready for the lost that you might experience. Not all memecoin will do very well and you don't know which one will make you that profits. There are more chances for you pick the wrong memecoin than you pick the right one that will do very well.

Memecoin can make you big profits in a very short time but they can also make you big losses in a very short time therefore if you're investing into them only use money that you won't get mad if you lose them. We have more stores of individual losing as they invested into memecoin than those that made big profits but since those individuals are coming to social to cry, there stories aren't been made more famous as those that won big amounts.

Bureau

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Quote from: Makus on December 21, 2023, 02:25:09 AM

The returns from meme coin most times can be quite impressive, 100x return isn't a minor profit and I believe that is the main reason why investors now focus on meme coins, while neglecting the risk associated with meme coin. The higher the volatility the higher the risk and return, either bearish or bullish. Meme coins are for those investors who are actually traders or have the skills of a trader, the worst thing that can ever happen to an investor is, after considering memecoin for long term holding and the coin crashes to price zero. Considering all this risk of losing my money I just decided not to even give it a try.

Not everyone can get 100x return, only a few make it into that list. The rest get rekt or wait for years dreaming to get some good returns. When dogecoin was pumping in the last bull run, a lot of newbies had invested in the meme coins with the belief that they would ride the hype wave. Unfortunately, most of them sold their coins at a loss or are still holding onto them. The belief that meme coins can make people rich is a myth, only if you are one of the early investors and the coin gets the desired hype then you can get 100x or even more returns on your investment.

Makus

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The returns from meme coin most times can be quite impressive, 100x return isn't a minor profit and I believe that is the main reason why investors now focus on meme coins, while neglecting the risk associated with meme coin. The higher the volatility the higher the risk and return, either bearish or bullish. Meme coins are for those investors who are actually traders or have the skills of a trader, the worst thing that can ever happen to an investor is, after considering memecoin for long term holding and the coin crashes to price zero. Considering all this risk of losing my money I just decided not to even give it a try.

wxa7115

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Quote from: kentrolla on December 20, 2023, 01:37:03 PM

Quote from: Marvelman on December 20, 2023, 01:12:30 PM

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are. But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun. Cheesy

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it. But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any. Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance. but maybe just maybe. and... one makes it to the moon on adorableness alone. Hey, crazier things have happened in crypto before. At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Mate, this makes zero sense and people want to earn real quick that's why they invest into meme coins as few memecoins had crazy pump wherein the rest has been disastrous. I am not a fan of this concept and I can never agree that people invest for fun or because it's cute because only a noob can do it.

It would seem to me that a great deal of those that invest in meme coins do it because they want to obtain the benefits of being an investor, but they also know they do not have what it takes to be one.

Therefore they are looking for ways to achieve this within their limitations, and meme coins may seem to allow them to do this, unfortunately meme coins not only can bring them great benefits, meme coins can also bring massive losses, and the chances they do it are huge compared to the positive results those investors are awaiting for.

poodle63

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Quote from: Wiwo on December 20, 2023, 07:58:26 PM

How can we prove this story as anyone can easily make that story up, but sure many coins can give you tremendous profits in the short term and that is why they are taken as gambling and nothing more than that, and some of them are just planned pump and dump tokens at some point and if the investors are not smart enough he may lose out on the wave of the project and also ensure loses.

So now it will only be based on proven and verified means to take most of such stories as what they seem to be because even though the possibility is there, it is still crazy to be able to achieve such profits without high calculations on when to take your profits out of the coins before it got trapped.

well there are many stories like this and yes it sometime gets proven with the blockchain transaction but of course there are some that are pure bullshit as well. regardless it could be the devs buying at the very low and artificially pump the coin anyway and then make this stories up later on nobody knows the thing with these meme coin is that its so saturated with scam that finding legit one is kinda difficult.
the ones thats legit in my opinion are only those coin that reached market capitalization of hundred millions at least like BONK, doge and so on if there's story that someone is making some good money out of it i would definitely believe but with some random meme coin definitely the proof is required.
regardless i would never get interested in investing in a coin thats highly manipulated, seems like im having lower odd with these coin even from the very beginning.

Wiwo

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How can we prove this story as anyone can easily make that story up, but sure many coins can give you tremendous profits in the short term and that is why they are taken as gambling and nothing more than that, and some of them are just planned pump and dump tokens at some point and if the investors are not smart enough he may lose out on the wave of the project and also ensure loses.

So now it will only be based on proven and verified means to take most of such stories as what they seem to be because even though the possibility is there, it is still crazy to be able to achieve such profits without high calculations on when to take your profits out of the coins before it got trapped.

kamvreto

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Quote from: justdimin on December 20, 2023, 02:08:21 PM

Quote from: mich on December 19, 2023, 04:09:19 AM

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

Ever since the term meme was invented, we also can't stop seeing new memes that spawn from time to time. Their origin have came from a trending post or news. Meme coins in crypto will just ride them as well. But it wasn't only done for entertainment right now, but more in the profit side.

The meme coin Bonk was actually trending last time but right now, I think its hype is slowly fading. No wonder why you only saw a 60% increase there from the former I think over 100% or more than that. But, 60% was still nice. Haven't heard about the new one that you mentioned but I'll be careful about it for now. I'll wait for more signs first if it's truly the next one in the spotlight.

It is commonplace for memecoins to experience hype at the start and then fade, all coins are like that too. Bonk is hype too because Solana is also hype and is rising in price and the project is quite successful and those who use the Mobile phone saga get free Bonk. For those who want to enter, of course you have to be careful, because the current position is no longer safe, there will be a big decline when Bitcoin starts to correct.

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Quote from: OrangeII on December 20, 2023, 11:30:30 AM

Well, this is the reason why people still invest in meme coins. They don't really know when their money is really very high. Maybe he didn't expect much about the investment he made in the meme coin, but when the price rose, he might be surprised to have made a lot of money. I think, because of this, people might try to invest in meme coins even for very small values.

Indeed, this often happens to investors who want to put their money in meme coins. There are several people who are quite experts in investing in meme coins. where it's like they're sacrificing several dollars to invest in pre-sales, so they can get lower prices and get bonuses too. The next thing they do is how to help make the project hype. so this is what will make the meme coin skyrocket. then they can get take profits at the right time. and gatcha, they got it.

Then what about the others? Meanwhile, for people who are new or don't understand the cycle, they will only become victims. Many newcomers have become victims of the hype about meme coins. However, until now, meme coins are still interesting for newcomers to look for. because they are very easy to deceive with various misleading sweet promises.

Remember, meme coins are high risk, no matter the concept. they are high risk. watch out.

jrrsparkles

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Quote from: kentrolla on December 20, 2023, 01:37:03 PM

Quote from: Marvelman on December 20, 2023, 01:12:30 PM

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are. But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun. Cheesy

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it. But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any. Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance. but maybe just maybe. and... one makes it to the moon on adorableness alone. Hey, crazier things have happened in crypto before. At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Spending $50 to buy a doll is more worthless than buying meme coins for $50 and if the person is lucky it can give crazy returns but dolls won't do anything other than just constant starring. Cheesy

But the thing is if someone invests with the expectation of making a fortune will be disappointed and someone with no expectation can enjoy if there is any returns.

Topic: Craze for Meme coins never ends? - page 2. (Read 654 times)