That's the problem mostly with meme coin, they rely largely on the community around it to push, that's because they don't really have any utility, other than just buy, hodl and wait for a pump.
That's why for me, no matter how tempting it is I don't put too much in a meme project.
Topic: Do not be pulled by the hype of meme coins - page 9. (Read 1171 times)
Investing in meme coins can be a double-edged sword, as it has the ability to make you rich but can also potentially wipe out your profits. Now PEPE coins or PEPE Saudi appear again, or even more if we check one by one on Coinmarketcap. Sorry, I'm not interested in MEME coins, it is important to approach investing in meme coins with caution and not rely solely on hype or trends.
It seems like people will never try to stay away from elon's post. In my opinion that if it must be stopped. Elon was ruining people's live. He was making some tweet about meme tokens but people are caring so much about that.
People must try to stay away from there. Meme coin is not worth to be bought.
People must try to stay away from there. Meme coin is not worth to be bought.
Pretty much the same like milady meme coin. It has been pumping so high due to the elon's tweet but it was going down so hard. it takes only a few days to make it goes to the bottom again and i guess if there are so many people who lose their life saving caused by they were investing in the meme coin. meme coin is only for the speculating purpose and it's not for the investment purpose. People don't understand it.
People should understand that elon posts have nothing to do with meme coins other than doge, many new meme projects quote from elon posts on twitter to influence investors, they also use symbols or photos from elon posts to link relations with meme coin projects, actually this is an old trick but many investors are deceived in that way and don't expect you to get high profits from meme coins. 
so that person must think that the 100$ is lost, it is very different from putting 100$ in bitcoin that despite the person knowing that he can lose up to 50% in extreme cases, the person knows that he will not lose all the money and will only lose 50 % if you decide to sell, then that's investing, now in the case of meme coins the person can lose everything, this is no different from putting money in games of chance, that's why in my opinion people should only put money that they know that they can afford to lose and they won't miss it, so it wouldn't be very smart to put a lot of money in a single meme coin, it would be ideal to put a little money in many meme coins and then wait to count on luck
some meme coin differs though, like doge and shiba which i assume will hardly just gonna gone and turns into nothing.but it's true that majority of the meme coin out there are just gonna outright cause and incur lose to many, after all they're just full of trickery, even in many cases they'd not even hesitant to make some change to the smart contract.
having malicious authority in their smart contract as a dev is nothing out of ordinary either, many of them actually silently allow the minting and blacklisting which could be disastrous in the long run.
one should always look carefully in every investment the made in regard of meme coin since there just so many way to trick people.
Pretty much the same like milady meme coin. It has been pumping so high due to the elon's tweet but it was going down so hard. it takes only a few days to make it goes to the bottom again and i guess if there are so many people who lose their life saving caused by they were investing in the meme coin. meme coin is only for the speculating purpose and it's not for the investment purpose. People don't understand it.
As a close friend, when entering this market, you must learn to avoid hype and speculation. While it is true that coin memes are for many people an attractive and quick way to get rich, controlling them is really difficult for newbies, even experienced ones. You have to understand what they really are and set just enough profit expectations for yourself. In general, don't follow the hype and don't over-invest in the coin meme.
Exactly, hype will not always be positive in investment and even following hype can cause you to get trapped in investment scam coins, meme coins are not as popular as the previous meme coins even though 2 new meme coins have been listed on binance, but still meme coins are high risk In investing, don't speculate too much on meme coins and focus on investing on top coins because the price is still low in the current market. 
As a close friend, when entering this market, you must learn to avoid hype and speculation. While it is true that coin memes are for many people an attractive and quick way to get rich, controlling them is really difficult for newbies, even experienced ones. You have to understand what they really are and set just enough profit expectations for yourself. In general, don't follow the hype and don't over-invest in the coin meme.
Our experience with this market will be different and I would strongly advise newcomers to this market to stay away from projects like this, even for those who have been in business for a long time. If you can't control your greed and the happenings around you, it's easy to get caught up in projects like memes. There will be techniques such as accompanying overstatement of concepts to create fom and most of them have bad intentions, and in an increasingly chaotic environment, equipping basic skills as well as having The experience to recognize poor quality projects will become more and more necessary for each person.
These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.
The major source memecoin feeds from is hype, this is what keeps them afloat, right from the Time doge coin blew up all thank to the influence of Elon musk, and the hype that was generated through it. Although doge coin is one memecoin that has still tried to remain solid even though it can reach the height it had reached previously. Coins like Pepe now seeing some degree of success this is the benefits of FOMO (fear of missing out) created by their community and has captured many pushing them into the project, the negative side of this is that some people would be affected negatively by this in the long run, any project that has not long term assurance should not be a fancy to anyone.
that you could easily make out decisions on which one to choose.
This is why if you could be able to bare up with the risks involved then it would be your choice whether you would risk and invest to it despite on having no real use case or something like that or
you would really be just simply sticking into those coins who are already on top of the rankings and making yourself at least secure.
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.
It’s pretty much gambling. You either pick the gem or you pick one of the hundreds of scams and shitcoins. It’s kinda funny and sad simultaneously for me how these guys think they can make a lot of money with no research, no precautive measures, just throwing money in the middle of the game out of hype. Investments require responsibility just like gambling does!
Some people have very good imagination and expect things that are impossible to achieve. They go after a $0.001 coin with trillions of coins in supply hoping it reaches $1. How in the world are you even expecting that my man, Bitcoin bately gets to move now and it’s got a beast of a market cap.. why would a memecoin ever do something better than that?
Some people have very good imagination and expect things that are impossible to achieve. They go after a $0.001 coin with trillions of coins in supply hoping it reaches $1. How in the world are you even expecting that my man, Bitcoin bately gets to move now and it’s got a beast of a market cap.. why would a memecoin ever do something better than that?
Hype will always be part of every project and with meme token, its normal.
If you got early the better but don’t expect to have more if you are already late to trade. Meme tokens proves to work with the hype and they only become active once the market is getting better, they usually leave when there’s no hype anymore so investing with them for long term will be very risk.
If you got early the better but don’t expect to have more if you are already late to trade. Meme tokens proves to work with the hype and they only become active once the market is getting better, they usually leave when there’s no hype anymore so investing with them for long term will be very risk.
There's a big temptation to invest in these memes because of the recent success of Pepe I thought after Shiba the hype will stop but the meme coins keeps coming developers of these memes are creating hype and trend for their meme coins, in the hope of getting the support of the community, but it's too risky because a lot of meme coins are rug pulls and you have to be a very good investor to see what meme coin has a potential to be pump, pump and dump is not healthy for investors.
I agree with OP, when hype happens only early entrants have a good income compared to hype buyers. They don't do research but just follow the hype which can lead to a quick loss before it's too late. Although the coin meme is a cake for the greedy who come first, it is not always a good piece of cake. The stakes are very high for meme coin projects and it's really unlikely that they will succeed. So the choice and investment experience of each person will be different, but at least you should learn before investing in them.
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.
Lovehateinu is an example of a meme coin some website praised but has been underperforming after its listing. People should be aware that meme coin ride in hypes and the size of it's community since most lack a need they satisfy. The poor community of lovehateinu was like a flag that should have shown that the coin isn't going x40.
Pepe success came as a result of its large community and the speculation that it would be listed in binance, now its listed and investor have jumped to another and those doing HODL like they holding Bitcoin are up for a bumping Ride.
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.
Lovehateinu is an example of a meme coin some website praised but has been underperforming after its listing. People should be aware that meme coin ride in hypes and the size of it's community since most lack a need they satisfy. The poor community of lovehateinu was like a flag that should have shown that the coin isn't going x40.
Pepe success came as a result of its large community and the speculation that it would be listed in binance, now its listed and investor have jumped to another and those doing HODL like they holding Bitcoin are up for a bumping Ride.
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.
If your meme coin pumps, it is also a challenge of greed and contentment. Sometimes you need to plan your target gains if you enter a meme coin or else all your unrealized gains can go to zero or worse, loss.
Pepe, shiba, and (should I include it?) safemoon, have big community that is why they have more than a thousand percent gains. If you compare it to lovehateinu, the community is just full of jeets that will just left the community after selling.
when I entered this cryptocurrency market, everyone was more focused on bitcoin, and then ETH came and started to give a lot of importance to altcoins and people no longer wanted profits like 2x, they wanted profits above 10x, which in a way was already beyond the norm of an investor and you started to get into the pattern of a gambler and if you ask me: are people wrong when they seek profits of more than 10x? Today I can tell you that they are not, but I must add something very important: investing in meme currency or any altcoin that aims to make a 10x profit? the money that the person puts in must be money that the person can afford to lose, being more specific if the person puts 100$ in a meme coin?
so that person must think that the 100$ is lost, it is very different from putting 100$ in bitcoin that despite the person knowing that he can lose up to 50% in extreme cases, the person knows that he will not lose all the money and will only lose 50 % if you decide to sell, then that's investing, now in the case of meme coins the person can lose everything, this is no different from putting money in games of chance, that's why in my opinion people should only put money that they know that they can afford to lose and they won't miss it, so it wouldn't be very smart to put a lot of money in a single meme coin, it would be ideal to put a little money in many meme coins and then wait to count on luck
so that person must think that the 100$ is lost, it is very different from putting 100$ in bitcoin that despite the person knowing that he can lose up to 50% in extreme cases, the person knows that he will not lose all the money and will only lose 50 % if you decide to sell, then that's investing, now in the case of meme coins the person can lose everything, this is no different from putting money in games of chance, that's why in my opinion people should only put money that they know that they can afford to lose and they won't miss it, so it wouldn't be very smart to put a lot of money in a single meme coin, it would be ideal to put a little money in many meme coins and then wait to count on luck
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.
There's always one in the trend coins that will make it big, there's Axie Infinity in the PVE trend, Doge and Inu, and now Pepe in the meme coins, but with so many new trend coins coming it's hard to know who will make it, who'll get a pump early investors Shiba Inu and Pepe coins are so lucky, but there are also who invested in meme coins that became bag holders we really don't know what meme coins will make us a lot of profit, you can either lose a lot of money or make a lot of profit, and I don't think it's a long term investment as people interest come and go.
I'll still go with utility and use case when investing in coins.
Meme coins are not your regular buy and hold kind of project. They are good for Short-term. One thing I came to understand in memecoins is that you need to act fast especially when the project start to pump really hard.
Memecoins are Short-term basis and require very little capital to dive in and possibly gain more than the initial investment. It is very risky and can be worth it, as long as you don't put a good amount you are good.
Memecoins are Short-term basis and require very little capital to dive in and possibly gain more than the initial investment. It is very risky and can be worth it, as long as you don't put a good amount you are good.
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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.
Talking about that, well, in 2019 through 2021, I really made a mess with some of those meme coins and their like, but it seems they are always playing tricks on someone because you can never predict the right token that can pump, and if any investor is buying them, it's never based on certainty. That's why they said altcoins are a means of gambling. I totally made that decision in 2021 through 2022 that altcoins are just a means of gambling. If you are buying any altcoins, always have it at the back of your mind that you are in for two things: either you will make profit if they luckily pump the token or you will face losses of your asset if the token dumps -99%, and it's very unlikely for any token that has fallen by -99% to easily recover, not as if it doesn't, but if they really do exist, it's only a very few tokens. Bitcoin had some very bad downtime in 2011, 2013 A (2013 B), 2017, 2020, and 2021, respectively, but it is still standing and waxing strong.
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