Topic: Do not be pulled by the hype of meme coins - page 8. (Read 1171 times)
They take advantage of greed to attract people to meme projects, especially when they see other people making substantial profits. But ironically, many people without the experience and knowledge of this market just follow others or share groups; the consequences are huge. So, do your own research and learn more from experienced people so that you can create your own opportunities when you find the gems. Although the market for this industry is very wide, the projects are numerous, but having your own advantage is really worth exploring to find these precious hidden gems.
To be honest, I don’t pay attention to projects of this kind at all and try to pass by. Not keen on the hype around the emergence of new memes, since they only live as long as the hype around them is created and the community of such platforms is interested in the hype.
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 meme coins are still worth buying, don't force yourself to always buy.Numerous investors have made it frequently. Despite the risks of buying late, many think they could potentially benefit from the success stories of early investors if they see or hear about them.
Many indeed have benefited from the hype of meme coins and took risks buying them despite their low potential but we should keep in mind that many have huge losses because of buying them as well, especially those who have fallen for FOMO. Of course, we all want to make a profit but we should always check on the risks and see if we could still generate profit once we take advantage of the hype.
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.
Yes investing also a risky and to much for all newbies so don't try it without enough skills. Personally i am very unlucky for investment in new coin because there are many time i have been face scam project. Before year i was participate some project but i wasn’t taken any profits from there. 
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 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.
This is understandable given that people are so easily lured by greed, flashy numbers and fanciful exaggerations that many newcomers to this market are really on. which I call negative in the market. Things that bring usability and solve problems in the market are still looking for opportunities, and many just want to profit from things they create to cheat users. Honestly, those who are new to this market may have to pay for those lessons, but I also hope they are strong enough to feel the lessons coming from this market.
Shiba inu improved in the popularity of meme coin and pepe has rekindled that fire after its initial success, this has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.
I really dislike the whole meme-coin craze that is going on in the crypto space. I mean a few tweets of Elon Musk that were not even meant seriously were enough to start this meme-coin hype. I mean everyone has to admit that Shiba Inu made a lot of early investors very rich, but this only happens once every few years and between that there are 10000's other stupid meme-coins launching that are all scams, rugpulls or just dead again within a few days.
Just when i thought that the meme-coin hype was slowing down again PEPE came out of nowhere and now of course we have 1000's of new meme-coins launched every day that are named after Pepe. It is just crazy and absolutely stupid too. All those "projects" are just simple cash grabs and have no substance at all.
This has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.
Standard marketing strategy. It isn't just these meme coins that use this, most marketing agencies pretty much follow the same format and while some do hold true, the majority of them are just words use to create buzz. Comparison is the biggest and easiest method to create an image of a new product. About memecoins, that's just how they go. It's a risky investment that would probably flub in most instanced, wouldn't even call it an investment really. It's closer to a gamble, especially since you're betting not on the coin, but on how well it can be marketed (including artificial manipulation)
Meme coin is very risky coin and if someone's shout than the are earning huge profit from meme coin so keep in your mind about meme coin high risk and high profit meme coin only for risk taker.
We can invest in meme coin but an amount of money that we can afford to loss there are meme coins that also good but most of them are not as good as the coin that already been trusted, meme coin is double risk so we need to be careful on investing into it many people earn on some meme coin but there are so many losers also so be careful.
You correctly point out that many individuals may buy in meme coins without doing extensive investigation, instead merely following the buzz or advice they find on numerous websites. This can be problematic since meme currencies are frequently based on excitement and conjecture rather than a firm basis or purpose. The size and participation of a coin's community can be indicators of its future success, but other aspects must also be considered. Lovehateinu is an example of a meme currency that underperformed following its listing. The absence of community support and consideration of the coin's purpose and utility, if any, may have anticipated the dismal performance.
Story from myself with profit from shiba where I put $500 and made almost $40000 in a few months, but also lost that $40000 on various meme projects, like a money spin game and I finally found that when I looked at it like a game, I didn't care too much about what came next.
But unfortunately when I see so many people putting their faith with great personal wealth to pursue these types of games, I have never seen this as an investment but more like a gambling game, better than those who are new to this market don't let the growth numbers fool you with the greed that will make you rich quick.
But unfortunately when I see so many people putting their faith with great personal wealth to pursue these types of games, I have never seen this as an investment but more like a gambling game, better than those who are new to this market don't let the growth numbers fool you with the greed that will make you rich quick.
-snip-
Therefore, we should not be tempted by the excitement surrounding meme coins. I believe that only those who get in early may reap some rewards, but this does not apply to all meme coins.
yup. Presale meme coins/tokens at pinksale are always the top trend every day. Those who take part in the presale or at the fair launch will get big profits, if the community succeeds in generating shillings for new buyers after adding liquidity to AMM. when the hype happens, those from pinksale will sell at least to tke the initial money, thus leaving a profit whether it goes up or down in their wallet. The rule always be same, If it goes up, they created FOMO with shillings on various social media, ifin a few hours drop, they've managed to secure their initial deposit.Therefore, we should not be tempted by the excitement surrounding meme coins. I believe that only those who get in early may reap some rewards, but this does not apply to all meme coins.
well, even during presale this meme sold out, as i say, its doesn't mean will be success. Take a profit while you can is better.
I would say that Shiba has altered the landscape of meme-category cryptocurrency trading, causing traders and investors to become more daring by investing in meme coins. However, the truth is that making money through meme coins is not as simple as it seems. We are all aware that almost every day a new meme coin is launched, and some coins experience a surge in value while others quickly plummet. Consequently, the risk associated with meme coins is exceptionally high. Therefore, we should not be tempted by the excitement surrounding meme coins. I believe that only those who get in early may reap some rewards, but this does not apply to all meme coins.
I gotta say, your rundown of the meme coin circus is bang on the money, especially when it comes to investments juiced up by hype. They're like shooting stars - they blaze a trail, light up the night, then they're gone in a flash.
Sure, coins like Shiba Inu or Dogecoin make a strong case for the sway of community and market sentiment. But let's not forget, these aren't foolproof signs that a project's going to stick around or score big in the future. The LoveHateInu fiasco is a prime example of that.
The big challenge for investors is to sort out the real deal from the duds. When it comes to a meme coin, I'm with you on looking for a happening community, a solid reason for existing (if there is one), and a kick-ass development team. That said, I wouldn't advise treating these coins like your Bitcoin stash, given how they can swing wildly in value.
As for meme coins popping up in the Bitcoin block engravings, it's a technical marvel, no doubt about it. But I'd sound a note of caution for any eager investors. Today's "in" coin could be tomorrow's digital dodo in the blink of an eye.
Sure, coins like Shiba Inu or Dogecoin make a strong case for the sway of community and market sentiment. But let's not forget, these aren't foolproof signs that a project's going to stick around or score big in the future. The LoveHateInu fiasco is a prime example of that.
The big challenge for investors is to sort out the real deal from the duds. When it comes to a meme coin, I'm with you on looking for a happening community, a solid reason for existing (if there is one), and a kick-ass development team. That said, I wouldn't advise treating these coins like your Bitcoin stash, given how they can swing wildly in value.
As for meme coins popping up in the Bitcoin block engravings, it's a technical marvel, no doubt about it. But I'd sound a note of caution for any eager investors. Today's "in" coin could be tomorrow's digital dodo in the blink of an eye.
Memecoins is just a gamble, nothing more. The only reason why PEPE became so big and so fast is because someone invested tons of money in promotion, it was all over Twitter at some point.
We all know that memecoins are just hyped and it will not last long enough in the crypto market that's why holding it for long-term is not good idea at all because it's only a quick project scheme projects. Of course riding the hype and buying at the top is also not a good move as well. So, always get away from hype memecoins no matter what.
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.
Dude, this inu and pepe hype is quite getting crazy, lol. As much as I hate meme coins, I don't think that this kind of breed of "Shiba Inu" coin ain't gonna go anywhere. I heard plenty breeds of Inu already around crypto including Starlink and I am pretty sure those aren't hyped unlike before anymore, lol. Now we got another breed, I am not sure how long would this "inu" hype would go and how much more money would devs be willing to milk into this project.
Pepe almost went down by 7% around 24 hours and surely that's already an indicator for me to not to although I already mentioned that I would never invest in meme coins.
Better talk to your friend regarding his buy. It has been 3% downs since 24 hours.
During the hype about a week ago when gas fees were like >200 Gwei there were tons and tons of these new meme coins being released every hour pretty much. Anyway you wanted to call it like PEPE2 or PEPERONI or MILADY2, etc and most were massive rugs.
Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.
I am not going to be surprised if those three coins happened to be real. Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.
During the hype about a week ago when gas fees were like >200 Gwei there were tons and tons of these new meme coins being released every hour pretty much. Anyway you wanted to call it like PEPE2 or PEPERONI or MILADY2, etc and most were massive rugs.
Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.
Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.
Jump to: