Topic: Do not be pulled by the hype of meme coins - page 7. (Read 1144 times)
I completely agree with you, because it’s like an inflatable balloon, as long as there is a hype on a meme coin, this balloon inflates, as soon as the hype passes and this coin is not technologically backed up, this balloon bursts immediately and with it the price drops instantly. Many scammers are heating up on these price fluctuations in the markets.
that is the importance of doing research before investing and not being easily influenced by the news (FOMO). not only on the website but I often find on youtube social media many youtubers or crypto influencers to suggest buying a certain coin. giving advice is everyone's right, what we need to do is not to easily believe in this kind of thing and prioritize doing your own research before investing.
That's why it's important to get used to doing research before buying,don't just believe in other people's advice because it's not certain that it will suit you,
losses will continue to come if we are easily influenced by other people's suggestions without doing research.
Indeed, lately there is a popular name for meme coins like pepe, and lots of people are investing in these altcoins, and lots of them are getting big profits, but it's a shame for those who are late to enter Pepe coins, because the price of pepe coins is slowly dropping.
but of course we won't know whether Pepe's coin will fly again or not.
Consider this as a fact from investing hyped project as it never stays high and keeps on growing as it drops after reaching ATH and gets back to zero again. but of course we won't know whether Pepe's coin will fly again or not.
If you are an early investor, earning a huge profit seems possible but if you are a latecomer, losing seems what you get.
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yes... the point is, if you want to invest in meme coins, you have to be careful.
In this situation, it was impossible to have peace of mind but more on worries and uncertainties as it drop drastically. Meaning, it was a stressful investment compared to known ETH and BNB.
Indeed, lately there is a popular name for meme coins like pepe, and lots of people are investing in these altcoins, and lots of them are getting big profits, but it's a shame for those who are late to enter Pepe coins, because the price of pepe coins is slowly dropping.
but of course we won't know whether Pepe's coin will fly again or not...
but of course we won't know whether Pepe's coin will fly again or not...
As a rule, a pump is always followed by a dump. And this is the law of the market, since those who bought at the lowest price fix their profit when the price has reached a tangible increase. But after the correction, when those who bought at high will sell their coins to those from whom they previously bought, then we can expect the next pump. And this applies not only to the Pepe coin.
Indeed, lately there is a popular name for meme coins like pepe, and lots of people are investing in these altcoins, and lots of them are getting big profits, but it's a shame for those who are late to enter Pepe coins, because the price of pepe coins is slowly dropping.
but of course we won't know whether Pepe's coin will fly again or not.
but what is clear is that the person who bought the Pepe coin beginning, of course, made a big profit, but the last one to buy has the potential to make a big loss.
yes... the point is, if you want to invest in meme coins, you have to be careful.
but of course we won't know whether Pepe's coin will fly again or not.
but what is clear is that the person who bought the Pepe coin beginning, of course, made a big profit, but the last one to buy has the potential to make a big loss.
yes... the point is, if you want to invest in meme coins, you have to be careful.
Too many people do this mistake and I hope that they get a bit better about it, I know that it is not going to be so simple and I know that it will take some time but that is the reality and that is how it should be. I believe that people are getting too hyped about all of this and they get a result they are not happy about and in return they talk about how they could have done better if this happened or that happened. They could have done better if they didn't fall for a memecoin that's it.
Look at any big name launchpad out there today, even today, and you will see bunch of fake meme projects getting funded and that is why the crypto market is not moving higher. If all that money went to higher name projects then we could have started a big increase already.
Look at any big name launchpad out there today, even today, and you will see bunch of fake meme projects getting funded and that is why the crypto market is not moving higher. If all that money went to higher name projects then we could have started a big increase already.
that is the importance of doing research before investing and not being easily influenced by the news (FOMO). not only on the website but I often find on youtube social media many youtubers or crypto influencers to suggest buying a certain coin. giving advice is everyone's right, what we need to do is not to easily believe in this kind of thing and prioritize doing your own research before investing.
investing in meme coins is very high risk, but if you are lucky, of course it will make us rich, but it can also make us poor quickly, if we invest all our wealth in meme coins.
so basically we have to be careful when investing in meme coins, but if
we know about the science of investing in meme coins, of course there is no problem as long as we are ready to take risks.
so basically we have to be careful when investing in meme coins, but if
we know about the science of investing in meme coins, of course there is no problem as long as we are ready to take risks.
It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.
That is the reality and people will take every single opportunity when it comes like this. But the question is why not? Besides, it was their decision, and can't deny that many people got it right and sell their meme coins in the right and earn huge amounts. Yes, but for beginners, this strategy seems not ideal for them, it needs to be smart in this kind of investment (hyped). The hyped project will keep on soaring high, gaining more attentions as it was spread more on social media and becomes popular today - meme coins do it. 
Well if the people at my work are going to talk about it then I must talk with them. Just not too long ago last month there was some people at my work asking me if they should invest in $Pepe and how can they buy some.
It is funny for me that they are not interest in investing in Bitcoin. But now they want to talk to me about a meme coin it has no real use for it and so much risk. Bitcoin I tell them is better to invest for long term profits but only interest in meme coins like this.
Because it is so cheap they think bigger faster profits. It is good thing they did not buy any of this meme coin they would have lost their fiat and maybe I am the one they want to blame.
It is funny for me that they are not interest in investing in Bitcoin. But now they want to talk to me about a meme coin it has no real use for it and so much risk. Bitcoin I tell them is better to invest for long term profits but only interest in meme coins like this.
Because it is so cheap they think bigger faster profits. It is good thing they did not buy any of this meme coin they would have lost their fiat and maybe I am the one they want to blame.
I totally agree, even a lot of meme tokens are currently selling and even deceiving investors with their token sales, there are lots of them are massive promote in groups or on twitter.
it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.
Investing because FOMO gives a lot of losses, they will enter at a fairly high price and then the price drops and continues to fall. those who enter at the end will get this loss. I even had an experience like this, lost a lot because of FOMO. this is also a psychological problem, when you see memecoin hype and it continues to rise, it makes you want to buy it, even though the price is already very high. You need to be vigilant and do another scan and make sure the memecoins are still worth buying, don't force yourself to always buy.it's quite simple actually in determining which coin that has already almost reaching its peak, that's when the price is already going up so far from its initial price when it got listed in dex when first got its liquidity added.
because honestly any devs of these meme coin are just gonna bagging the coin first time and after that they just definitely gonna dump it.
i'd say, only invest if you're really sure that you're among the earliest, otherwise don't waste your money.
Meme coins are profitable investing upon its release or if possible before its release(depends on the potential of that particular meme coin). Not all the time, the msrket price would move upward the moment it is listed which would be a risk, the counterpart could also happen. If you did not manage to engage with presale, then think of engaging once the token is listed. If the market price have already 'peaked' then avoid buying with expectations of a higher market price. Most of the time the price would fall in an instant and would be hard to make a recovery. Meme coins have no utility therefore, its price sustainability would be difficult as well. Even with bullruns, the market price, due to huge decline, is not getting back to ATH unlike with major tokens of this market.
it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.
Investing because FOMO gives a lot of losses, they will enter at a fairly high price and then the price drops and continues to fall. those who enter at the end will get this loss. I even had an experience like this, lost a lot because of FOMO. this is also a psychological problem, when you see memecoin hype and it continues to rise, it makes you want to buy it, even though the price is already very high. You need to be vigilant and do another scan and make sure the memecoins are still worth buying, don't force yourself to always buy.it's quite simple actually in determining which coin that has already almost reaching its peak, that's when the price is already going up so far from its initial price when it got listed in dex when first got its liquidity added.
because honestly any devs of these meme coin are just gonna bagging the coin first time and after that they just definitely gonna dump it.
i'd say, only invest if you're really sure that you're among the earliest, otherwise don't waste your money.
The views on memecoins is rediculous. No one can tell me a project based on some joke that has no attainable goal with people piling theor money into it isn't rediculous. Can people make money on it yeah but they are basically all ponzis. None of them will last so eventually someone will be left holding the bag. Greater fool theory. Buyer beware..
It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.
That is the reality and people will take every single opportunity when it comes like this. But the question is why not? Besides, it was their decision, and can't deny that many people got it right and sell their meme coins in the right and earn huge amounts. Yes, but for beginners, this strategy seems not ideal for them, it needs to be smart in this kind of investment (hyped). The hyped project will keep on soaring high, gaining more attentions as it was spread more on social media and becomes popular today - meme coins do it. Lucky for those who really gained in venturing the meme world as this is not a very sustainable investment.
However, not all of them got their profits as some are not lucky enough to sell their tokens while it is pumping in the market.
This is why exploring and holding meme tokens is quite risky because the lifespan is quite unpredictable.
Only few of them can sustain their market and improve their price thru time. Most will be in the downward movement.
Actually there are some conditions where we really have to be realistic in this matter.
The memes and hype of making fortunes can be true but only a handful of people get that because most of the others mainly just follow FOMO and don't know what's actually being done is right or not because it's just a matter of believing in the hype it's clear they are people who will be trapped and become victims in this case.
I wouldn't say those who are in this kind of area with the hype and hit and run are the wrong people but in this case know your limits and don't just follow something you are not good at.
Don't just because your ambition to get rich instantly makes you forget your identity that you don't have the qualifications there. things like this are only done for those who already understand the situation, not for those who just follow along.
The memes and hype of making fortunes can be true but only a handful of people get that because most of the others mainly just follow FOMO and don't know what's actually being done is right or not because it's just a matter of believing in the hype it's clear they are people who will be trapped and become victims in this case.
I wouldn't say those who are in this kind of area with the hype and hit and run are the wrong people but in this case know your limits and don't just follow something you are not good at.
Don't just because your ambition to get rich instantly makes you forget your identity that you don't have the qualifications there. things like this are only done for those who already understand the situation, not for those who just follow along.
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.
No matter how many times it is repeated, no matter how many people give the same advice to everyone, people will still keep investing in meme coins once they hear about them and that is because of greed. Who doesn't like to get rich overnight? But people don't understand that it doesn't happen to everyone but only to a few lucky people, and it is a gamble and not worth the investments made.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.
Generally, someone should learn from the mistakes of others if they can clearly see them, but meme coin investors don't follow that, they only learn when it happens to them and some even don't learn even after facing losses, they would still buy a new meme coin that comes up.
It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.
That is the reality and people will take every single opportunity when it comes like this. But the question is why not? Besides, it was their decision, and can't deny that many people got it right and sell their meme coins in the right and earn huge amounts. Yes, but for beginners, this strategy seems not ideal for them, it needs to be smart in this kind of investment (hyped). The hyped project will keep on soaring high, gaining more attentions as it was spread more on social media and becomes popular today - meme coins do it. 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.
I guess we have issues a lot of warning before, not just for this cycle, but on the previous one about meme coins because if you look at it, there are not really any use case for this project expect hype and greed and money for the creator and the people behind it.
But crypto investors don't want to listen, like your friend did, because they thought it's a get rich scheme but it's not. The only people that will get wealthy here are those groups, and then the pump and dump schemes of individuals. So again, let this be a warning to others, there could be another meme coins, like Doge, Shiba and even Pepe that will suckered everyone to invest.
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