Diversify memecoin investments? - page 3.

Bureau

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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

?

This is bad diversification as you have invested everything in meme coins. I think you should have some of your investment diverted into cryptos like SOL, BNB, ETH, and BTC. There are others that I could have recommended but it will confuse you which I do not want. All I am trying to say is diversification does not mean investing everything into one narrative. In your case, the narrative is meme coins therefore think before you invest and DYOR.

poodle63

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I guess that diversification already great, enough we all know meme coin have tendency of going up together sometime so yeah it will be a good diversification but the meme coin that have lesser market cap usually have better chance of having bigger increase, i'd spent some of the money to the meme coin that are currently underrated but good enough for it to be able to have serious increase in price.
since we are diversifying, a little risk might help in getting additional profit, probably only spent minimal amount in the meme coin with market cap below $100m but finding one thats worth to invest is different thing since usually its gonna be tough.
so if you ask me whether putting all that 1k into shiba inu or diversify, i think it better diversify, not to mention shiba inu kinda stagnating.
but I guess you want to take advantage of shibarium or whatever shib gonna offer on our plates, personally i'm pessimistic with shiba inu.

JeffBrad12

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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

?

Can't you try to get a better list than it? I mean about the list of meme tokens that have under 1 billion marketcap. This will be far better rather than investing in those big marketcap tokens at this moment.

Try to take a look at these meme tokens if you are keen to invest in the meme tokens.

- Book of meme token
- Cat in the wold of dog
- floki

You can also find low marketcpa meme tokens. Those bigs have been trading at the peak price. Investing in those tokens may not even worth for long term. It's caused by the fact that if it can down again anytime.

Things have been changing so fast. Bitcoin is now back again to recover. Meme tokens is starting to surging again.

Just keep chase the momentum before it's too late.

FinePoine0

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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

?

Investing in Shiba Inu, Pepe Coin, WIF Coin, BOME coins will be the best. It would be best if you add two of the coins you mentioned, best to invest when you need to invest, especially a few projects.

AVE5

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No otherwise thinking, I'm straight diversifying to basically on the conciousness not to lost it all and also to partake on the profitable potentials that the rest of th coins may be potential to.

Hallroom

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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

?

You can invest in Shiba Inu coin, Dogecoin, Bonk Coin among these mm coins. You have to invest in the market where this opportunity was a few days ago and you will definitely get the right result, the more investment you buy in the market, the more you can get the maximum benefit if the price of the coin rises in the next market.
।

livingfree

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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

?

If that's totally a spare money of mine, I'll not diversify this much. I'll choose 2-3 of them and will wait until they pump to 5% and then rinse and repeat.

Everyone wants to get 5x-10000000x of gains with meme coins. But once these memes done with that gain, you'll probably miss it and that's a real talk.

Are the meme coins really are the ones that you're trying to invest now and you don't consider other known coins?

nelson4lov

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The option I'm comfortable with isn't listed in the poll — max 3 memecoins and only those that have been all the rage lately including PEPE, WIF and BONK. The meta right now is that Solana will be one of the major characters in this bull run and if that trend continues to play out like it has done from the onset, WIF and Bonk will actually do well too. Dogecoin as a bonus only if Elon Musk starts to bull post about Doge once again. otherwise, hard pass for me.

Yaunfitda

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Quote from: goaldigger on May 16, 2024, 04:19:55 PM

Too risky and for me, it’s better to diversify with the top coins and lower your exposure in meme tokens. We know the hype for the meme tokens, and we know that there’s no real usage for the meme tokens in the market, and they only pump because of hype. Better to look for a one meme token where you can see a potential to be hyped.

I was about to say this, yeah, for those who have been in this market for so long, maybe we become risk averse and we don't want to have meme coins in our portfolio. As our experience tells us that it's not a good investment to begin with. Or if we really that we don't trust this kind of projects as obviously, it's a pump and dump and we know the outcome. We have nothing against the OP, but the risk involved is too high that we better just invest on solid altcoin so that we can sleep better at night thinking that the price will not go literally to 0 the next day and us losing our big money.

Raflesia

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Its actually a bad choice to talk about being verified but you only choose memecoin as an option that you want to do.
Although in the end we are free to do whatever we really want for the money we have because we have full control over it and with a memecoin scheme that is always pumping and dumping which is felt to be very profitable if it is in one and pumped heavily, the benefits we have can also be more than expected expectations but in the end we also have to realize that sometimes memecoins like this when it is no longer needed will definitely be discarded.

I think there should be some better projects at least 1 or 2 like altcoins that have strong potential like ETH or maybe even better some are in bitcoin and the rest are in memes if you really want something like that.

goaldigger

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Too risky and for me, it’s better to diversify with the top coins and lower your exposure in meme tokens. We know the hype for the meme tokens, and we know that there’s no real usage for the meme tokens in the market, and they only pump because of hype. Better to look for a one meme token where you can see a potential to be hyped.

MAAManda

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Memecoin doesn't have strong fundamentals, and diversification in memecoin is also not a wise decision considering that memecoin is driven by narrative, when the narrative on memecoin is bad, then not a single memecoin is bullish. Instead of having to diversify, I would put everything I have in one asset, but not from an asset that already has a large MC like the one on your list. It will be a risky investment with the hope of a large return.

Frankolala

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Meme coins is not worth diversifying into because you might end up losing all the funds that you used in investing. They were created to scam people of their funds and anybody that wants to invest in them should see it that he is gambling because he may make profit or run at loss.

I don't see meme coins as an asset only asset are worth to diversify on, and if I must have a cryptocurrency, it must be bitcoin, and if I want to diversify, I will diversify into something else not on cryptocurrency, because bitcoin price movement controls all altcoins prices.

Jegileman

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People have so much believe in this meme coins but why not diversify into other sectors of altcoins instead putting all your eggs in one basket. Nothing is guaranteed in this space and when doing investment, try narrowing down and selecting the best coins that have good potentials and prospects in the long run. If I had that much, I would break the money down more and diversify in those meme coins more and other altcoin too that I find to be trustworthy of an investment in.

jrrsparkles

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For everyone who mentioned that OP should invest on other coins too apart from meme coins which is good advice. But I urge you to read the thread again, if 1000 for meme coins then investing 1000 on one of 200 on 5 different, I find the later is much better option which most of you would agree.

If I was OP I would also consider adding few more into the basket like something new that's hyped up among the community.

Mate2237

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Diversification is good but depends on the tokens and among all the five tokens you mentioned above, dogecoin is the highest performing altcoin im the list and it is the most trusted coin therefore as for me it will have the highest share of the investment. That is if I am interested in investing in memecoins because I don't normally like to invest in memecoins or shitcoins. Because they always fail the target of the investors time to reap.

Probably because of their slow in movement and not having their personal Bull Run. But if I am interested to invest I will invest in dogecoin more.

Coin_trader

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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

?

It’s not even considered as diversifying since you are investing on same market(meme coin) that moves the same direction as other coin. Meaning all your investments will go down if the meme coin market is on bear season and vice versa. Diversifying means you are hedging your capital on different type assets to control the risk.

With this kind of choices, You are just gambling your money on what token will give profit/lose the most since meme coin is highly volatile.

I will choose Dogecoin alone and forget the rest.

salad daging

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Not wanting to diversify on these meme coins is too risky and you'll just be like gambling making investments on memecoins.

Don't you make other choices on altcoins that have good fundamentals or at least on bitcoin? 1000 EURO for us is valuable and certainly will not be invested in meme coins that can go down dramatically even though you can deny the meme community is very strong.

I don't have any recommendations on meme coins, the important thing is that investing in bitcoin long term is much safer.

electronicash

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Quote from: Godday on May 16, 2024, 09:19:02 AM

Diversifying on altcoins especially on meme coins will do nothing. You believe me. Meme coins have very high fluctuations in value. Investing in meme coins is high risk. But if you want to keep investing in meme coins then you have to be ready to accept it. Diversifying for the sake of preserving asset value will not give you the returns you should get from meme coins. I prefer to make one investment and move on to another after getting a few tens of percent returns.

new memecoins like are doing just that. it has to be treated like pump and dump tokens so when its dumps, holders should also be dumping either you lose or winning some, its got to be just how those memecoins work. once you earn because of the price spike of about 30% be ready to sell already because it may take weeks to months before climbing again.

they are pumps and dumps and not for holding for a long time. just ride the waves and then sell. move to another. unless this investor is willing to wait for another turn.

Godday

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Diversifying on altcoins especially on meme coins will do nothing. You believe me. Meme coins have very high fluctuations in value. Investing in meme coins is high risk. But if you want to keep investing in meme coins then you have to be ready to accept it. Diversifying for the sake of preserving asset value will not give you the returns you should get from meme coins. I prefer to make one investment and move on to another after getting a few tens of percent returns.

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