Diversify memecoin investments? - page 2.

betswift

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Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

I'm not sure you can call it investments, and always DYOR, but diversification looks like the best option for going all-in!

Mate2237

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Quote from: 2Pizzas on May 21, 2024, 06:24:33 AM

I would choose brand new coins that have the potential to do 10x, of course, that's a high-risk investment but hey, high risk high reward. Since we are talking about memecoins, we are launching a special memecoin tomorrow to celebrate Bitcoin Pizza Day here is our twitter: https://x.com/PizzaDayToken

Investing in new coin? Because of a big reward? I will not dishearten you to invest in those token since they are you preferred coins to invest. But even at that you need to know more about the token, how it came to be and if possible know the founder of the project and more things to know and not just investing in it because it has big reward. Many people saying this because of what to Notcoin. Some are saying that since they have missed out from Notcoin, they will invest in anything investable.

And that is where many people will be scam. Because once the scammers see that people are eager to invest in any cryptocurrency project then they will create their nonsense tokens that do not exist in anywhere to scam people. And with this pressure I am seeing, people will fall for those projects.

Kelward

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Quote from: Loco1887 on May 16, 2024, 08:56:21 AM

Sorry I didn’t mean that those 1k are my total portfolio , it’s just the part of it that I want to invest into memecoins

I think that in cryptocurrency, memecoins are like those spoilt brats that everyone tells their kids to beware of, so memes have been tagged with that reputation in the crypto market that investors are always advised to be very cautious before investing in them.

Well, if you have so much money for investment and you have mapped out 1k for memecoins, then your list is reasonable because they're all top memecoins, so I think that you can either share the meme fund into equal parts and invest, or invest more percentage on dogecoin and Shiba Inu.

2Pizzas

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I would choose brand new coins that have the potential to do 10x, of course, that's a high-risk investment but hey, high risk high reward. Since we are talking about memecoins, we are launching a special memecoin tomorrow to celebrate Bitcoin Pizza Day here is our twitter: https://x.com/PizzaDayToken

Tipstar

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Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

Memecoins though not a good investment fundamentally are a good tool to make quick profits in short time. Unlike popular coins, they easily go x5 or x10.
It's a much better Idea to diversify any of your investment. The memecoins you listed are also on my priority for investment among memecoins. After investing on Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk, I'd also be investing in BOME and MEW.
Among them, I currently don't have Dogwifhat which i aim to get some on the dip.

aioc

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Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

I'm not a fan of memes because of my past losses on new memes, but if the 1000€ is for memes, I'll go for memes that have proven themselves in the market. I'll have 80% on Doge, Shiba, and PEPE and 20% on Solana-based memes. I read that some memes on Solana have potential but are still risky, as so many developers just used the meme trend to rug-pull investors.
I experienced that myself. These memes don't have a utility. Anyone can create a meme and just pump it into the market. All they need is a huge pump and a group of marketers.

sekalitas

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Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

Of course, I would choose the second option to spread my investment across five different meme coins. At least, if one of them fails, I can still have hope in the others. However, there's still a high risk involved because meme coins, in general, are not suitable for long-term investments.

Therefore, I think it's better to diversify investments into other types of coins, such as Bitcoin (BTC) or other altcoins like Ethereum (ETH). These are generally less volatile than meme coins.

kotajikikox

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Quote from: AnonBitCoiner on May 20, 2024, 12:53:26 PM

These are all good meme coins so one can choose these coins with the little amount because putting huge amounts in meme coins is not a wise choice. Nowadays meme coins are surging therefore people are wishing to put all their amount in meme coins but they have to remember that meme coins are not always in the surging position.

You’d be lucky to find a memecoin that is “surging”. If you were to buy a coin before everyone else, there’s really no guarantee that that coin will grow in the future. And if you buy a coin that is already increasing there’s also no guarantee that it would continue. It could drop in any second and memecoins are very risky in that sense.

Just try to pick out the best possible coins to that could give you the most returns but investing in most of them would not give you a higher chance of success.

albon

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It is good to diversify your investments instead of focusing on a single currency, as you never know which one might be the most profitable. However, your list contains entirely meme coins. You know these coins are not considered safe or low-risk investments.

I wouldn't consider putting $1000 of my capital into these meme coins. Instead, I can choose altcoins with real projects that offer advanced, unique, and attractive technical features to investors, as the risk rate in these tokens will be much lower than the meme coins, which could cause you to lose a portion of your capital allocated for investment. However, you are responsible for making investment decisions after researching and managing the risks. If you ask for my opinion on notable meme coins, they would be $PEPE, $BOME, $WIF, and $BONK.

Silberman

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Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

That is not diversification at all, diversification is used as a means to protect yourself in the case a specific market experimented a downturn, so investing all your money in a subsection of a market, which is what you want to do, will not only not bring you any kind of diversification, but instead you are concentration your capital in a type of asset that is extremely volatile and in which the developers are prone to scam the people that trusted on them, so if you want to do this, you can do it, but I would never choose any of the two options you have given us.

DiMarxist

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I think dogecoin is one I will invest with the 1000€ because from the listed memecoins I only like to invest in dogecoin because he is supported by the richest man in the world and it is more popular then others in the list and if I will split, I will give 200€ Shiba Inu and 200€ pepe coin then the remaining 600€ will be used to invest in dogecoin.
If I would invest in any of the above mentioned tokens then that is how it will be and I can't invest in them equally. Dogecoin will take the highest share of the investment.

AnonBitCoiner

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Diversification will be better if you choose different coins but i think diversification in just a meme coin is not a good idea. There should be diversification among different coins and the first and prime choice will be Bitcoin after which ethereum should not be avoided and the remaining amount should be invested in meme coins if someone wants to do so.

These are all good meme coins so one can choose these coins with the little amount because putting huge amounts in meme coins is not a wise choice. Nowadays meme coins are surging therefore people are wishing to put all their amount in meme coins but they have to remember that meme coins are not always in the surging position.

Webetcoins

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I am a person who like to stick to one but unfortunately when it comes to cryptos, I can only trust one coin and that would be none other than Bitcoin, however I would still like to give my response only for the sake of this topic and will pick up the meme coin that I think is worth it for my allocated capital. Even though I heard lots of positive feedbacks about Shiba Inu lately, I am not sure that why I am still not attracted to it.

There are also other meme coins that performed great before it like Bonk and then Pepe before the hype of Bonk but the only meme coin that got my attention is still Dogecoin, I guess because it's also like Bitcoin that is already old.

oktana

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If they are the only two options, I’d go with diversifying into other memecoins rather than putting all that money into one memecoin. But if I had the opportunity, I’d prefer to invest in top alts and maybe allocate 200€ to memecoins. Because the top altcoins would serve as the pillar to your portfolio.

batang_bitcoin

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Quote from: redsun114 on May 17, 2024, 02:14:33 PM

I wouldn't want to waste my money by investing all of it on meme coins when I know that making investments on meme coins is like making a bet on a gambling game where there are 49% changes of you winning and 51% chances of you losing your money. I would rather take maybe about 10% of the total amount and diversify that among the meme coins that I feel might grow in the future and my list wouldn't include old meme coins because their time is gone now.

I feel the same. I wouldn't diversify it on all of those that are on the list. Choosing the top that I may think is going to maximize the profit is the better choice in my opinion. Maybe for some reasons, I'll invest on Dogecoin with a few amount but then the rest, they'll all be on some good coins like ETH and BNB or even SOL. The market is riping and bull run is about to enter anytime soon, well, I know that there's so much money with memes but this kind of diversification won't maximize your potential profit I guess.

redsun114

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I wouldn't want to waste my money by investing all of it on meme coins when I know that making investments on meme coins is like making a bet on a gambling game where there are 49% changes of you winning and 51% chances of you losing your money. I would rather take maybe about 10% of the total amount and diversify that among the meme coins that I feel might grow in the future and my list wouldn't include old meme coins because their time is gone now.

When a meme coin manages to gain enough hype and value once, you shouldn't expect it to do the same thing again in the future, even if it manages to gain some value, it wouldn't be able to perform the same way it did for the first time because it is now old and known and can't perform like that anymore.

Godday

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Quote from: malah on May 16, 2024, 10:05:38 PM

Very good idea, but if you divide it all into MEME coins it seems very risky. Maybe you can divide it even more, 50% for meme coins (PEPE, SHIB and Bonk) then you can focus on coins with potential such as BNB, Solana or Ethereum. So when the bull run occurs you will get a lot of profit from all the altcoins you own.

Sorry but I don't think that's a good idea. For example, if you buy 25% Pepe and 25% Bonk it does not guarantee that both meme coins will rise. There is a possibility that Pepe will rise 100% and Bonk will fall 50%. In the end, the value of your assets will not experience significant changes. But if you are lucky you can get extraordinary profits if one of these 2 assets rises by thousands of percent. But for me personally we can't put our eggs in several baskets on crypto.

malah

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Quote from: Ben Barubal on May 16, 2024, 09:52:09 PM

Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

Maybe if I have the amount of 1000 euros, I will divide it into only 3 meme coins first: Pepe, Shib, and Bonk, because I can see that these mentioned ones will really have a massive rally once Bitcoin starts to rally in the market.

Others may hate meme coins, but once it has a rally, they will probably say in their minds, "I wish I bought even a small amount when it was cheap." Well, if that happens, that's okay because regret is always in the latter.

Very good idea, but if you divide it all into MEME coins it seems very risky. Maybe you can divide it even more, 50% for meme coins (PEPE, SHIB and Bonk) then you can focus on coins with potential such as BNB, Solana or Ethereum. So when the bull run occurs you will get a lot of profit from all the altcoins you own.

Ben Barubal

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Quote from: Loco1887 on May 16, 2024, 07:48:55 AM

If you had to invest 1000€ into memes would you rather go for 1000€ Shiba Inu or
- 200€ Dogecoin
- 200€ Shiba Inu
- 200€ Pepe
- 200€ dogwifhat
- 200€ Bonk

?

Maybe if I have the amount of 1000 euros, I will divide it into only 3 meme coins first: Pepe, Shib, and Bonk, because I can see that these mentioned ones will really have a massive rally once Bitcoin starts to rally in the market.

Others may hate meme coins, but once it has a rally, they will probably say in their minds, "I wish I bought even a small amount when it was cheap." Well, if that happens, that's okay because regret is always in the latter.

bluebit25

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There is no compulsion to invest

, and I won't choose something haphazardly.

But with spending on memecoin, I don't consider diversifying into well-positioned cryptos, but just putting it all into one thing and being patient with the desired goal.

Like I'm willing to buy $1000 just for $DOGE and target at ATH to start a profit taking plan.

During the investment process, we should be realistic about the risks that will occur and only spend on investments where we are not under pressure in terms of profit, so that we can be comfortable with the achieved plan target.

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