How can I understand meme coin good or bad position? - page 6.

masulum

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Quote from: Dr.Bitcoin_Strange on July 20, 2023, 07:34:02 AM

OP, there really is no proven way to know the right meme coins to buy. MEXC, CoinTiger, and some other exchanges are always used to pumping most of those meme coins and other Altcoins with fake trading volume. Sometimes, if you buy those Altcoins there, it might just turn your money into nothing before the next day. For me, I think that buying those meme coins is strictly based on luck; perhaps if you buy like six of them, you might get lucky with one or two.

buying memes that are already listed on CEX, mostly after a pump. So when there is a pump on CEX, this becomes fake volume or is controlled by whales on the exchange. When I actively buy meme tokens, I avoid tokens that are already listed on cex, because I'm waiting for correction moment,when it come, I will start accumulating. not much $1-10. For meme tokens that don't have any live service, I'll cut when it's minus 30%. for purchases, in case it was less than $3 I let whether it will be a jackpot or dead.

Dr.Bitcoin_Strange

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OP, there really is no proven way to know the right meme coins to buy. MEXC, CoinTiger, and some other exchanges are always used to pumping most of those meme coins and other Altcoins with fake trading volume. Sometimes, if you buy those Altcoins there, it might just turn your money into nothing before the next day. For me, I think that buying those meme coins is strictly based on luck; perhaps if you buy like six of them, you might get lucky with one or two.

goaldigger

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

You have to understand the concept of trading and that’s the only way for you to know when to buy and sell. Since this is a meme token, you also need to consider its news and the hype because not all are worth it and probably some may turn into a scam. If you came here with lack of knowledge then I believe you should learn first and don’t invest right away, understand the risk as well.

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Quote from: Cling18 on July 19, 2023, 03:24:23 PM

It will be like a trial and error game when it comes to picking meme coins. There's really no way to determine if they're good or bad because most of them succeed because of the investors' demand and not because of the potential of the coin. There's a huge possibility that you'll lose everything once a meme coin turns into bubble.
It's also hard to predict their movement or their future unlike well established coins. If you seek assurance, then focus on coins with a stronger foundation. Meme coins are for risk takers and those who get along with the trend so you better be wise on choosing the risks that you would be taking.

This is what should be realised that saying Investment for meme coins actually I think that word is not too appropriate because this is like leading to gambling where when we are lucky with what we save and get pumps then the conditions will be favourable for us and when the opposite conditions occur then this will be a big loss.
The word Investment in my opinion should refer to a longer period of time and being in memecoin cannot be done for a long period of time because it depends on the utilisation of momentum and when you are here for a long period of time, then indeed you must be prepared to lose your money because it is a certainty.

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Quote from: Cling18 on July 19, 2023, 03:24:23 PM

Snip~

Exactly and that is why altcoins should be taken as a gamble and not for long term speculations, memecoin become the worst of them all since there have nothing to back them up other than their market speculations and hype which have no long-term value on the projects and that is the more reason you shouldn't hold for long before you dispose them at any given opportunity.

There is currently a lot of meme coin getting listed daily but the most of them will fail while some few among them may succeed for a while before the final exit.

Cling18

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Quote from: Wiwo on July 19, 2023, 03:11:47 PM

Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

I can't advice you to trust an exchange that load multiple Memecoin on their exchange and for sure MERC reputation is another point that could possibly show you the reason why their list of those tons of memecoins all thereafter is their own caught off the scam of most of those coins because most of them are just a set up for potential exit scam when their build high liquidity the whale will dump the bags of those coins on the investor.

So I must say that whatever makes you invest in any memecoin you should have it at the back of your mind that you are just taking a gamble and can lose all your invested capital, so you should take memecoins as speculative assets alone and not for the long term.

It will be like a trial and error game when it comes to picking meme coins. There's really no way to determine if they're good or bad because most of them succeed because of the investors' demand and not because of the potential of the coin. There's a huge possibility that you'll lose everything once a meme coin turns into bubble.
It's also hard to predict their movement or their future unlike well established coins. If you seek assurance, then focus on coins with a stronger foundation. Meme coins are for risk takers and those who get along with the trend so you better be wise on choosing the risks that you would be taking.

Wiwo

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

I can't advice you to trust an exchange that load multiple Memecoin on their exchange and for sure MERC reputation is another point that could possibly show you the reason why their list of those tons of memecoins all thereafter is their own caught off the scam of most of those coins because most of them are just a set up for potential exit scam when their build high liquidity the whale will dump the bags of those coins on the investor.

So I must say that whatever makes you invest in any memecoin you should have it at the back of your mind that you are just taking a gamble and can lose all your invested capital, so you should take memecoins as speculative assets alone and not for the long term.

AakZaki

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You see memecoin on the MEXC exchange and they are always listing new meme coins that end up being trash. There is no way to see how good memecoin is. Those who enter early will benefit greatly. If you want to get it, wait for Elon Musk's Twitter, if he says good memecoin, buy it right away, it will go up to thousands of percent. like memecoin Lady and it became hype instantly.
Buying memecoins is like catching a bow that will aim at you, if you catch it you will get hurt, but if you dodge it chances are you will survive.

QueenVera

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Memecoins are becoming very popular and because of their large circulating supply they bring big trading volumes to an exchange that list them and that's why exchanges are listing memecoins. Binance exchange recently listed some memecoins as well and also Kucoin exchange has been doing this too, so it isn't only MEXC exchange that's trying to get trading volumes from listing memecoins.
Memecoins are just like gambling, you'll never know which one will be successful, $pepe just came out and it's popular and successful more than others that were already in existence and that's why you can't predict which meme project will receive a welcoming hand from the community of investors. One way to tell if a meme is good or bad is to look at the team behind the project.
The team can be anonymous but are they doing the right things like been very transparent with their decision and there's no hidden secrets in the smart contract that can make them dump tokens on the market and run a way with investors money. Also look at the marketing strategy by the team before investing because only memecoins that advertise very well get recognized.

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Quote from: tsaroz on July 19, 2023, 12:18:48 AM

Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Memecoins are a risky bet. A very small number of them yields a profit but when it does, it's generally huge. Even smaller number of them sustains their price.
For me, I judge the memecoins by the activity of the team and the community. The larger the community, the more are the chances of it being a success.
But, again the numbers only could be deceive as they can easily buy followers or members, what we need to focus on is organic involvement of the users.

Meme coins usually used for speculations and do not have any practical use. That is why too risky. Sometimes even big community does not help. Because during the hype there is a big community but a lot of people lose money because even big community does not help.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Memecoins are a risky bet. A very small number of them yields a profit but when it does, it's generally huge. Even smaller number of them sustains their price.
For me, I judge the memecoins by the activity of the team and the community. The larger the community, the more are the chances of it being a success.
But, again the numbers only could be deceive as they can easily buy followers or members, what we need to focus on is organic involvement of the users.

el kaka22

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Easy, it's bad. If we are talking about a meme coin then we are talking about something that is terrible, there is no reason that it would be any good and you shouldn't really judge it as a good thing, we are not going to end up seeing anything good eventually from any memecoin ever. It's going to be quite difficult to handle and we are not going to make some profit off it.

There has been "some" people who got lucky and made money but that doesn't change the fact that we are not going to make profit, it is going to end up being a lot worse. This is why I believe that we are going to end up with some big return, and shouldn't really be worried about it. I believe that we are going to end up with a different result if we invest into much better projects.

axxo

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

It can be challenging to determine a meme coin's position in the market. You should research the project behind the meme coin and try to look for information about the team, their experience and their goals. That is true that a lot of meme tokens are listed in MEXC exchange daily and not all of them are good or bad neither. Take a look on the market capitalization of the coin because a high market capitalization means that the coin is widely adopted and has a strong following, but of course market capitalization alone does not guarantee success. Better to research and study the background of particular meme coin do not just invest if they offer a high rate of return think so many times before investing to avoid such losses.

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Quote from: big kid on July 18, 2023, 11:35:34 AM

You can't. Memecoins depend on hype and purely randomness. You can't 100% predict if memecoin will pump or die, it's just gambling. So make your decisions with that in mind.

Because many arguments invest meme coin is the same as gambling, OP should change his mind as he plays in gambling. Because we are here is talk about unpredictable things. no one can guess the coin price which doesn't have a market exist yet. This means OP must be ready if he has got a big loss. Because we all think by experience that Meme coin is just a joke In the environment to relieve tension on fluctuation of crypto prices.

albon

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

To determine a good meme coin and knowing its position in the market is very difficult in light of the presence of hundreds and thousands of meme coins that are launched and listed in the MEXC daily; in addition to that, the meme coins are very volatile and very risky, and even if you find a good meme coin that you invested, this does not guarantee you that you can make profits through it because if the hype of this coin disappears, its price can drop sharply. Most of the meme coins are manipulated in the price of whales, as they are currencies that have no uses or real projects. Anyone can create a meme coin and create a site for it with a simple interface and social media accounts, and that's all, so I advise you not to tire your mind and invest in the dominant alternative currencies in the market, which have value and practical uses.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

...you don't. They're called memecoins for a reason. The teams behind them give out vague promises and their development path goes towards... what exactly? That's the feeling you'd get most of the time. Some of them go boom sometimes because they were intentionally manipulated behind the scenes imo, and at the same time, traders would go for anything that profit so if they see any coin that goes up like that all of a sudden? They'd get in and try to get a bite. That just snowballs into a lot of bad traders losing money on meme coins towards those people who are either early investors or the ones who pumped up the price in the first place.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Perhaps you can't realize to now until such time that you will see them dying. Yes, their names have been famous this time due to their market hype activities that drag too much attention to the community but after this hype, you can witness their dumps because these projects have no use case and it was impossible for them to survive long term with that condition.

And don't get fooled by that exchange as it can't be trusted. Consider looking at known exchanges as you only see a few meme coins because only a few traders trade these meme coins.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Why and how could you? Meme tokens have anon devs and often very vague promises on what comes to roadmap. There always have been horrible exchanges that used list every meme coin or shitcoin out there but these days that doesn't even make any sense. Listing to random CEX used to be meaningful in the past when those shitcoins had their own blockchain and you couldn't trade them in Dexes. Now i don't know what they are thinking. Listing and paying for fake volume is just stupid move. I understand listing to respectable CEXes but to something like MEXC is just a red flag to me.

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Actually in this case you don't need to think harder and mess around about it because the certainty that meme coins are bad is something that must be realized from the beginning so there is no good word in this case.
You don't need to make some conditions with any research here because you just need to see and utilize the momentum about which coin will eventually be pumped.
There is no such thing as a good outcome when it comes to investing here as this is just like gambling regardless of the research you do at the end of the day you just hope on the pump and go system when you profit from it.
The good community that is always being touted is a nonsense to boost the confidence of newbies who end up getting stuck there.

Jackl87

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Quote from: Games.Bitcoin on July 17, 2023, 10:04:50 AM

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

My personal advice would be, to categorically stay away from all meme-coins. In the end they are all just useless shit coins that are offering nothing to it's customers but hype and artificial FOMO, that is not even working in most of the cases. There is no doubt that a few people became very rich because they were very early investors of Shiba Inu or Pepe but for those two successful meme-coins there are at leat 100.000 bad ones where the investors made a loss or even lost all of their money because the project was a scam to begin with or just dead again in a few hours or days. This is happening to almost all meme-coins. So it is safer to just avoid them.

Topic: How can I understand meme coin good or bad position? - page 6. (Read 1103 times)