Topic: Do not be pulled by the hype of meme coins - page 5. (Read 1144 times)
Meme coins have gained significant popularity in the cryptocurrency space, driven by hype and speculation. While some meme coins have seen success and generated substantial returns for investors, it's important to approach them with caution. The volatile nature of meme coins makes them high-risk investments, and their success heavily relies on factors like community support and market trends. Thorough research and understanding the project's purpose, community dynamics, and potential use cases are crucial before investing in meme coins. It's also essential to be mindful of the risks involved and avoid blindly following trends or recommendations without conducting due diligence.
i'd consider getting pulled by the current trend of meme coin is fine though so long it's fair game where there's no manipulation and some rugpulls, it could be good opportunity, but regardless though, it requires knowledge in investing in meme coin anyone without sufficient knowledge should avoid investing.
Yes, it could be a good opportunity if you are that lucky to ride the wave on time but what if the opposite thing will happen? Where everything fell into pieces as you did not properly predicted what could happen in the future. See, that's what we should think about because the money we're putting here is not any joke as it came from the fruits of our labor in which we did not picked in an easy manner that we could just invest anything we think of without having any second thoughts.Investing towards meme coin(s) does not really need a vast experience and knowledge about it, you just have to know the basics because you surely cannot predict where will the whales start to move as you're not in their inner circle where you can always ride the wave on time without risking anything. And you don't have to be that smart to know that it is not really advisable to invest towards it.
Still, I try to warn people because I have seen too many people on telegram that ended up buying at 50+ cents due to the hype, everyone talked about how easy it was to get rich, and how they got rich thanks to doge so others joined, and they lost all they had. This is I warn people against.
-snip-
You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about.
fan on dealing with meme coins on which they do really have that kind of hope deep inside that it might really be that hyped by someone and make out those x100 or x1000 or more. This is why on the time that theres
some coin which is really that good when it comes to marketing and does really have that kind of hype, then people would surely be diving in and having that kind of hope. Its meme coins which doesnt have that
utility and this is why its really that risky when it comes to long term holds and if ever you would really be having plans on dealing with it then it would really be better to go for short term trades on
which on the time that you do see gains then better pull it off directly before its too late. Pump and dumps is the usual scheme.
The whole point is that even many conventional altcoins, which have capitalizations of hundreds of millions of dollars, also have nothing useful, but they do not behave the way memcoins do. They can live for years and rise in value and fall organically, without extreme behavior. I'm talking now about all sorts of clones of various ETH, BNB and other well-known projects that parasitize on ideas that have already been implemented. The problem with memcoins is that they force a huge number of people to buy at the very highs and after that there is a sharp dump. Very few investors have the opportunity to buy memcoin at the very beginning, but the usual altcoin to buy in this way is still possible, and this possibility is much higher.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
funnily enough most of meme coin nowadays that are new that already hits all time high will never get to the same level, maybe because these coins are kept being generated that the capital always moving from one place to the another.As soon as people stop buying and those who bought at the end start waiting for the price to go up, it starts dropping from that point because volumes start dropping and without buying pressure meme coins are nothing.
Once upon a time the hype of meme Coin made me want to invest a lot, but now it doesn't anymore, I have now learned that investing in Meme Coin and gambling are almost the same after going through tough times. Currently I am thinking a lot about to invest on Alt-coin where the meme coin are far ahead to talk. In my own personal opinion I think investing in bitcoin will be best for earn a clear profit and specially on the dip condition. In this case long-term investment will be more beneficial. And specially this is more fact for me the security here at least you don't have to worry . So stay away from the memecoin.
You know the truth, what happened with Pepe coin has inspired many people to buy meme coins in this era. Many people will hope and think that they will get rich from meme coins. If the Shiba just started for fun and later became serious about cryptocurrency, then Pepe coin was even more cruel than the Shiba Inu when it first started.
Because in a short time it was immediately included in the list of Binance exchange, which we know that Binance is known in the field of Bitcoin exchange or altcoins. If during the Bear market, Pepe coins aroused and captured the attention of the majority of the community in the industry and was immediately adapted by well-known exchanges in a short period of time, what about the bull run if it happens, it will be able to rise even more by Pepe coin in the future.
Because in a short time it was immediately included in the list of Binance exchange, which we know that Binance is known in the field of Bitcoin exchange or altcoins. If during the Bear market, Pepe coins aroused and captured the attention of the majority of the community in the industry and was immediately adapted by well-known exchanges in a short period of time, what about the bull run if it happens, it will be able to rise even more by Pepe coin in the future.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
funnily enough most of meme coin nowadays that are new that already hits all time high will never get to the same level, maybe because these coins are kept being generated that the capital always moving from one place to the another.As soon as people stop buying and those who bought at the end start waiting for the price to go up, it starts dropping from that point because volumes start dropping and without buying pressure meme coins are nothing.
That's right for these meme coins, it can be profitable for those actual early comers but not those that have been too late for the hype. That's why there are winners and losers on this one because the winners have to eat up the money of those losers and the late ones.
We can't change the minds of those that have been brought up by the hype of these meme coins because they think that it's the only one that can make them rich. But if the time comes and they're the ones who are losing their money, soon, they might realize that everyone who's talking like this are correct.
We can't change the minds of those that have been brought up by the hype of these meme coins because they think that it's the only one that can make them rich. But if the time comes and they're the ones who are losing their money, soon, they might realize that everyone who's talking like this are correct.
Indeed, it is very important not to be swayed by the hype surrounding meme coins. While early adopters may benefit, late adopters often end up as losers. The winners basically take the money from the latecomers. Unfortunately, it is difficult to convince individuals who are caught up in the hype, because they believe meme coins are the only path to riches. However, when they do end up losing money, they may realize that those who warned against such investments were telling the truth. what can make naman also humans always want more and more.
I totally agree with your opinion about meme coins, because as we already know, almost all meme coins are just temporary hype, many meme coins projects are rug pulled, this is due to excessive FOMO on investors
following FOMO on memecoin is a very bad thing, because if we buy memecoin at a price that has increased to 20% or even 100% more of course it will be a disaster for you, because memecoin is very easy to pump and dump, imagine if you were stuck in memecoin I'm sure you will feel frustrated.
just avoid memecoin even though it's hype, but if you want to follow it then make sure you use capital that you think is a little.
i'd consider getting pulled by the current trend of meme coin is fine though so long it's fair game where there's no manipulation and some rugpulls, it could be good opportunity, but regardless though, it requires knowledge in investing in meme coin anyone without sufficient knowledge should avoid investing.
Yes, it could be a good opportunity if you are that lucky to ride the wave on time but what if the opposite thing will happen? Where everything fell into pieces as you did not properly predicted what could happen in the future. See, that's what we should think about because the money we're putting here is not any joke as it came from the fruits of our labor in which we did not picked in an easy manner that we could just invest anything we think of without having any second thoughts.
Investing towards meme coin(s) does not really need a vast experience and knowledge about it, you just have to know the basics because you surely cannot predict where will the whales start to move as you're not in their inner circle where you can always ride the wave on time without risking anything. And you don't have to be that smart to know that it is not really advisable to invest towards it.
What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.
You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about.
fan on dealing with meme coins on which they do really have that kind of hope deep inside that it might really be that hyped by someone and make out those x100 or x1000 or more. This is why on the time that theres
some coin which is really that good when it comes to marketing and does really have that kind of hype, then people would surely be diving in and having that kind of hope. Its meme coins which doesnt have that
utility and this is why its really that risky when it comes to long term holds and if ever you would really be having plans on dealing with it then it would really be better to go for short term trades on
which on the time that you do see gains then better pull it off directly before its too late. Pump and dumps is the usual scheme.
What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.
You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about.
i'd consider getting pulled by the current trend of meme coin is fine though so long it's fair game where there's no manipulation and some rugpulls, it could be good opportunity, but regardless though, it requires knowledge in investing in meme coin anyone without sufficient knowledge should avoid investing.
Yes, it could be a good opportunity if you are that lucky to ride the wave on time but what if the opposite thing will happen? Where everything fell into pieces as you did not properly predicted what could happen in the future. See, that's what we should think about because the money we're putting here is not any joke as it came from the fruits of our labor in which we did not picked in an easy manner that we could just invest anything we think of without having any second thoughts.
Investing towards meme coin(s) does not really need a vast experience and knowledge about it, you just have to know the basics because you surely cannot predict where will the whales start to move as you're not in their inner circle where you can always ride the wave on time without risking anything. And you don't have to be that smart to know that it is not really advisable to invest towards it.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
It might be the key, but it's never easy to identify which memecoin will become the next big thing that creates a hype like the successful meme in the market today. You'll probably going to end up throwing away your money. There's a hundreds of different memecoin created every time a new memecoin gets hyped up and most of them were a bunch of copycat that even the name were being copied like what happened with Shiba and Pepe. Clearly an act of deceit to make people think it's gonna generate good profit like the original memecoin.
i'd consider getting pulled by the current trend of meme coin is fine though so long it's fair game where there's no manipulation and some rugpulls, it could be good opportunity, but regardless though, it requires knowledge in investing in meme coin anyone without sufficient knowledge should avoid investing.
The potential of meme coin came to limelight after Elon Musk got involved in dogecoin. This brought about a new dawn to the possibility of meme coin and resulted in several developers coming out with their version of meme coin. Shiba inu was another successful meme coin to get the support of the community, but as it stands the era of meme coin is fast fading away and it's not advisable to keep investing in meme coin.
Well, truth is, even before Elon Musk emerge of being vocal about his Doge investments, people especially investors with little less knowledge or even the knowledgeable ones are already looking forward in investing towards these coins because of the big profits that it could possibly bring into their pockets, although speaking with big profits, we are also talking about big risks as these two will always share the table. Hence why investing towards these coins is not really advisable because the risks aren't really worth it.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
It might be the key, but it's never easy to identify which memecoin will become the next big thing that creates a hype like the successful meme in the market today. You'll probably going to end up throwing away your money. There's a hundreds of different memecoin created every time a new memecoin gets hyped up and most of them were a bunch of copycat that even the name were being copied like what happened with Shiba and Pepe. Clearly an act of deceit to make people think it's gonna generate good profit like the original memecoin.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
that honestly with a big requirements, only works if the project didn't intentionally trying to make things getting out of hand like trying to have some rugpulls going on.overall there are many things that could go wrong in investing in meme coin, even if you could invest early doesn't mean the coin you invested gonna go up.
most likely it just some mediocre meme coin that exists only to generate money for the developers themselves.
everything is still so uncertain and risky even if you take your investment strategy right, you just never expected the coin you invested ever gonna make some real huge increase honestly, after all, only 1 out of thousands of meme coin actually increase in value, there are certainly so many people losing money in those other meme coins that failed.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
funnily enough most of meme coin nowadays that are new that already hits all time high will never get to the same level, maybe because these coins are kept being generated that the capital always moving from one place to the another.yes one of the things that makes memecoin fly high is the market cap is so small that whales like it,
pump and dump happen because of fomo so don't get your hopes up on memecoin and if you really want to, then do it at your own risk.
the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume
that honestly with a big requirements, only works if the project didn't intentionally trying to make things getting out of hand like trying to have some rugpulls going on.overall there are many things that could go wrong in investing in meme coin, even if you could invest early doesn't mean the coin you invested gonna go up.
most likely it just some mediocre meme coin that exists only to generate money for the developers themselves.
everything is still so uncertain and risky even if you take your investment strategy right, you just never expected the coin you invested ever gonna make some real huge increase honestly, after all, only 1 out of thousands of meme coin actually increase in value, there are certainly so many people losing money in those other meme coins that failed.
Jump to: