I quit binance futures trading and i do now only solana meme coins trading

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Quote from: Bushdark on June 07, 2024, 04:00:52 PM

I don't know why some persons think that meme coins are bad to hold. There is nothing wrong with meme and we can even buy and hold good ones for a long time and far as possible. We need to make money which should be the goal not trying to discrimination a coin because so much kind of coins have so many scam ones. If we really wants to make money from the market then we must be ready to make money from meme coins because one can easily multiply their holdings which is the same with losing money too.

Holding meme-coin for the long term is very risky, especially when the price hits ATH when the crypto market is bullish. I still held Shiba Inu when this coin rose during the bullish period several years ago, and you can see that the price never touched its last ATH several years ago, a few months ago the price of this meme-coin rose but again the Bitcoin price which fell will make altcoins including meme-coin suffer a deeper decline that will only frustrate holders.

Only Dogecoin provides profits to long-term holders, but that is for those who have saved or bought before Elon Musk influenced the market for Dogecoin, while other meme-coins only provide profits when we buy before the market moves upwards. And meme-coin is only suitable when the market is going bullish and when it is declining then leave it as soon as possible or this is only suitable for daily trading but it must be on meme coins that have a high trading volume, so not all meme-coins are suitable for trading, especially long-term holding

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Quote from: adaseb on June 08, 2024, 02:35:57 PM

Past week or so I am sure there was profits to be made on those celebrity tokens and gme. Basically if you had alerts set on twitter and you bought right after they made an announcement of launching their meme token, you could of gotten a decent entry and profitable handsomely.

Same with gme if you followed roaring kitty Reddit or YouTube channel. These are extreme low cap meme tokens and they can move quick. If you get in early you should make a profit.

But it’s a lot of work. I don’t have time to stay glued to the computer and wait for certain celebrities to make tweets they are launching a meme coin.

Hence I stay out of all these tokens. Way too risky.

those celebrities usually announcing their token before they deployed it, but whats more difficult for me is keeping up with the celebs or twitch streamer,those celebs amounts to hundreds if not thousands including twitch streamer makes me lost track most of the time so I just settled with dex screener.
but if i'm being honest its not even worth investing anyway, most of the coin dumped later on. most don't even make it past $10 million market cap, the hypes with these celeb tokens are short lived,

this is $MOTHER and 24h in and already 40% dump at some point you know the early birds gonna sell their bags and you know what make this celeb token even worst, the more likely probability that none of them gonna ever hit big exchange like binance and so on because those exchanges are all about credibility so short lived hype won't even be taken into account.

with GME i become even more uncomfortable, the notion of buying when other people literally already making profit reaching hundred million of dollars and its unrealized by the way meaning their dumping hasn't even started yet never sits well with me honestly, i refuse to be their exit liquidity.

muncuss

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Quote from: Bushdark on June 07, 2024, 04:00:52 PM

I don't know why some persons think that meme coins are bad to hold. There is nothing wrong with meme and we can even buy and hold good ones for a long time and far as possible. We need to make money which should be the goal not trying to discrimination a coin because so much kind of coins have so many scam ones. If we really wants to make money from the market then we must be ready to make money from meme coins because one can easily multiply their holdings which is the same with losing money too.

what we talking here is memecoin which is yet to reach established status like shib or pepe. They are basically gambling. But well of course still up to you if you want to do it but we all know eventually you will get burned

goaldigger

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Quote from: kentrolla on June 08, 2024, 04:13:01 PM

Yes, I can vouch for it as I tried experimenting with a very low capital on Solana meme coins through Phantom wallet and trust me I spend 3 consecutive hours with even a breather and guess what I ended up losing it all after winning initially as it's not different to future and here in memecoins majority of them are scams they get you rug pulled, you are just one wrong move away from losing it all. Better to stay away from it.

Many are still hoping for a quick rich scheme and they believe meme tokens are the best way to achieve it.
If you're lucky enough to get in and exit early then there's a big chance for you to make good profit but if not, then expect to lose it all. Investing with meme tokens are more risky than doing futures trading, because in meme token they will just surprise you by the rug pull and you have no more chance to recover your money.

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Quote from: adaseb on June 08, 2024, 02:35:57 PM

Past week or so I am sure there was profits to be made on those celebrity tokens and gme. Basically if you had alerts set on twitter and you bought right after they made an announcement of launching their meme token, you could of gotten a decent entry and profitable handsomely.

Same with gme if you followed roaring kitty Reddit or YouTube channel. These are extreme low cap meme tokens and they can move quick. If you get in early you should make a profit.

But it’s a lot of work. I don’t have time to stay glued to the computer and wait for certain celebrities to make tweets they are launching a meme coin.

Hence I stay out of all these tokens. Way too risky.

Yes, I can vouch for it as I tried experimenting with a very low capital on Solana meme coins through Phantom wallet and trust me I spend 3 consecutive hours with even a breather and guess what I ended up losing it all after winning initially as it's not different to future and here in memecoins majority of them are scams they get you rug pulled, you are just one wrong move away from losing it all. Better to stay away from it.

stomachgrowls

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Quote from: adaseb on June 08, 2024, 02:35:57 PM

Past week or so I am sure there was profits to be made on those celebrity tokens and gme. Basically if you had alerts set on twitter and you bought right after they made an announcement of launching their meme token, you could of gotten a decent entry and profitable handsomely.

Same with gme if you followed roaring kitty Reddit or YouTube channel. These are extreme low cap meme tokens and they can move quick. If you get in early you should make a profit.

But it’s a lot of work. I don’t have time to stay glued to the computer and wait for certain celebrities to make tweets they are launching a meme coin.

Hence I stay out of all these tokens. Way too risky.

One of the main few questions that i do have in mind.

If you wont mind, would you shared up on what YT Channels that you are following or X account/profits on which giving out some Alpha or tending to launch those memes?
Im not really that good when hunting up those meme coins on their earliest time or first few candles, on which i do end up on entering when it did make out some good marketcap already and
not to be able to enter while its still cheap.

Well, it would be understandable that investing or trading it up below $100k MC is still considered not to be an assurance that it could fly, in compared into those meme
that touch up $1M ATH which you could really tell to yourself that this one would really be having that potential to push through $10M or even more.
Trading with meme coins is indeed risky, you would really be needing that heart of stone or being that emotionless. Cool

adaseb

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Past week or so I am sure there was profits to be made on those celebrity tokens and gme. Basically if you had alerts set on twitter and you bought right after they made an announcement of launching their meme token, you could of gotten a decent entry and profitable handsomely.

Same with gme if you followed roaring kitty Reddit or YouTube channel. These are extreme low cap meme tokens and they can move quick. If you get in early you should make a profit.

But it’s a lot of work. I don’t have time to stay glued to the computer and wait for certain celebrities to make tweets they are launching a meme coin.

Hence I stay out of all these tokens. Way too risky.

bitgolden

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You have done something weird, going from a wrong thing to another wrong thing doesn't make you right. Yes you were right to give up binance futures trading because if you do not know what you are doing then you are going to lose a lot of money to that. However, we should also remember that SOL memecoin stuff are not the way to make money neither, while there were a few people and a few projects that made money, it doesn't mean that you are going to hit one of those things neither, it is going to be quite different.

We should probably consider how to get better, we should consider how to make a bigger change in the end. I believe that the best thing to do would be just getting bigger results and to do that you should look for trusted stuff.

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Quote from: Bushdark on June 07, 2024, 04:00:52 PM

Quote from: tvplus006 on June 03, 2024, 11:58:52 AM

Quote from: Waldorf77 on June 01, 2024, 05:15:05 AM

To trade futures it takes time and need to watch and a lot worry about liqutation...

It is obvious that you are euphoric right now, after several successful trades) But it will definitely end, since investing in a meme coin is just as risky as futures trading. Accordingly, no matter what type of trading you choose, you will need to use a risk management strategy, otherwise your deposit will be reset.

I don't know why some persons think that meme coins are bad to hold. There is nothing wrong with meme and we can even buy and hold good ones for a long time and far as possible. We need to make money which should be the goal not trying to discrimination a coin because so much kind of coins have so many scam ones. If we really wants to make money from the market then we must be ready to make money from meme coins because one can easily multiply their holdings which is the same with losing money too.

If it's about profit and you're in the crypto business, we can do it with any cryptocurrencies, actually. Even if it is a shitcoin, meme coin, altcoin, or bitcoin, we can make a real profit. The others just go along with the trend or hype; the others have real knowledge of trading; and the others rely on luck.

As for investing in meme coins, I agree that it's not really bad; it's just in the minds of some of us that it's bad and ugly because, in their eyes, it's a shitcoin. That's their opinion because, at the end of the day, we're still the ones who will decide in the end.

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Quote from: tvplus006 on June 03, 2024, 11:58:52 AM

Quote from: Waldorf77 on June 01, 2024, 05:15:05 AM

To trade futures it takes time and need to watch and a lot worry about liqutation...

It is obvious that you are euphoric right now, after several successful trades) But it will definitely end, since investing in a meme coin is just as risky as futures trading. Accordingly, no matter what type of trading you choose, you will need to use a risk management strategy, otherwise your deposit will be reset.

I don't know why some persons think that meme coins are bad to hold. There is nothing wrong with meme and we can even buy and hold good ones for a long time and far as possible. We need to make money which should be the goal not trying to discrimination a coin because so much kind of coins have so many scam ones. If we really wants to make money from the market then we must be ready to make money from meme coins because one can easily multiply their holdings which is the same with losing money too.

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Quote from: Maus0728 on June 07, 2024, 10:29:51 AM

Are you doing fine with your current meme coin trading lifestyle right now? Also, do you have like a really big profits doing all of this because it's such a really weird transition for you to go through, I mean if you look at it this way, you've went from an already difficult trading and then you go to the much more difficult stage is so weird but respectable to me. You just have to be mindful of what you're doing though, meme coins are generally so risky and the return that they'll give isn't really that big, make sure that you're not doing all of it wrong or too much.

It all matters about profitability on which on the moment that you would really be finding yourself that having that positive outcome or something that will be profitable then of course you would be sticking into that.
The fact that trading with solana meme coins is really that interesting and something that looks appealing because of potentially be able to hit up huge multipliers with your trading capital.
Although when it comes to risks factor then it is really that something that could be equaled with dealing up with futures. Why? chances or odds on making yourself deal up with rug pull projects is high.
This is why i do believe that a little bit mix of luck would really be that relevant at the moment that you would really be stepping your foot into trading up with memes, and since that solana is really making out some
noise too then it would really be always getting in line.

When it comes to futures trading then this is something that would really be that too risky for someone to deal with.Just like on others suggestions above that
you should really be that familiarizing yourself or having that good results on spot before you would really be touching up this field of trading.

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Are you doing fine with your current meme coin trading lifestyle right now? Also, do you have like a really big profits doing all of this because it's such a really weird transition for you to go through, I mean if you look at it this way, you've went from an already difficult trading and then you go to the much more difficult stage is so weird but respectable to me. You just have to be mindful of what you're doing though, meme coins are generally so risky and the return that they'll give isn't really that big, make sure that you're not doing all of it wrong or too much.

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Well, I think meme coins are also risky. From the word "meme," and meme coins tend to be overhyped and later on rug pulled. In short, meme coins have a short life span in the market as many investors think of them as short-term investments, so they're a bit risky. Well, it's better than trading in futures because it's more risky, and with one wrong prediction, it could burn all of your money. Many beginners are doing futures because they have a wrong idea about it. Yes, you can earn a lot of profit from futures, but at the same time, you could lose it all. In short, the higher the leverage, the higher the possible losses. I suggest that instead of meme coins, how about investing in more stable or trusted coins? Such as altcoins, it is the alternative to bitcoin, and many altcoins are proven trusted and profitable. Anyway, if it's good for you, then it's up to you.

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Quote from: mirakal on June 05, 2024, 10:06:34 AM

Well, I'm going straight --are you successful now? I hope you will...

Honestly, whether you are in futures trading or spot trading, if you don't have good trading knowledge, you still end up losing your money. And it was not just a matter of choosing an exchange but also, the coins we used. Don't get too emotional and choose meme coins because of the hype and market popularity these days instead, look at their potentiality. Think that hyped projects never stay long like that and it was not surprising for a sudden drop because that is really how it works. Maybe it works now and you earn profit but never assume the situation remains and it gives favors to you OP. Better think of another option, don't focus on meme coins for at least having some assurance of not losing all of your money.

its honestly the same risk whether its meme coin or future trading (the long ones) because if coin go zero then our money go zero as long as we don't over leverage, I think OP in this case prefer meme coin because he always over leverage with future trading.

just using 1-2x leverage already suffice honestly, also there are many perpetuals of solana meme coin in exchange as well, so far I have the quite opposite experience if compared with OP, i find future trading a lot easier to make profit with the market sideways rather than meme coin.
doesn't matter how hard I try always got the worst meme coin ever and somehow losing because the sudden dump, I guess difference in preference and strategy matter a lot in this case but personally I could never find that 1 in a thousand chance with my bad luck so I just settle with future trading and reasonable decision making.

the problem that I encountered with trading meme coin is that finding meme coin that is legit and could make it to hundred of millions market cap requires good luck to begin with and in raydium for example where solana meme coin growing as if there's no tomorrow there are so many meme coins.
usually when I found one good meme coin its already in the market cap of hundred millions that means i'm more likely to lose in my trades.
therefore I just decided that its not for me just like you stated. good knowledge matters.

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Quote from: Waldorf77 on June 01, 2024, 05:15:05 AM

To trade futures it takes time and need to watch and a lot worry about liqutation.
Who ever made solana and Dexscreener its genius and im thankful for this opportunity.
Im trading meme coins i try to look support before entry in trade and make sure there is enough liquity locked burned and good volume and project have some website and Community then i entry usually i make now 5x-10x in 24hours Im not too greedy Because better to have constant profit.
But i also buy some good projects for longer wich i belive Will do good in future i have for longer holding crodie and gatsby i belive they are definately good projects then i have cat project wich will teach kids about crypto so those are my coins for longer hold.
On solana chain it's easy to find coins becouse you can track the wallets usually one successful project is connected another good coin so it takes just some decteve work tracking the wallets and txt on blockchain and Im good to go.
I wish more people learn this becouse right now it's allmost only income i have and unemployment benefits also i will be working until Im full pro with meme coins If you entry right time you could see coin price goes up like 1000% in few hours.
If you don't get too greedy then it's easy to make money also i like trading meme coins becouse a lot volatility and alot capital Are in Meme coins specially solana chain and cheap fees Also i like that i don't need watch btc price becouse meme coins world there is always movement never Boring and for unemployed and without education it's perfect way to earn decent money
I use jupiter it's best dex exchanger.

I'm also unemployed, can you help me, to pass the time?

mirakal

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Well, I'm going straight --are you successful now? I hope you will...

Honestly, whether you are in futures trading or spot trading, if you don't have good trading knowledge, you still end up losing your money. And it was not just a matter of choosing an exchange but also, the coins we used. Don't get too emotional and choose meme coins because of the hype and market popularity these days instead, look at their potentiality. Think that hyped projects never stay long like that and it was not surprising for a sudden drop because that is really how it works. Maybe it works now and you earn profit but never assume the situation remains and it gives favors to you OP. Better think of another option, don't focus on meme coins for at least having some assurance of not losing all of your money.

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Quote from: X-ray on June 03, 2024, 12:22:16 AM

its good that you finally find something that you can make profit in, there's nothing wrong with trading meme coin as long as you know the risk carried with investing in some random coin with chance of rugpulls which fairly speaking can be mitigated easily by just observing the contract code whether it abide to the standard protocol and also finding out more about the meme coin but there's always chance that some of the meme coin creator are pulling some string to dump the meme coin when there's liquidity available in the LP draining them all in one fell swoop.

I can never trust meme coins and don't even think of making a big investment in meme coins because meme coins can cheat you anytime and you can lose your good money in them. Now if you invest in Bitcoin or any other good alternative coin, then you are sure that if your money has gone down, then with time, there is a hope that it will recover, but meme coins, if once dropped, there is no guarantee that they will ever recover or that you will be able to get your investment back.

I have often seen posts and heard people saying that they made a lot of money with meme coins. I never understood how people make money with them. There is a lot of risk involved. Yes, it is also true that taking risks can bring profit but such profit in which the chances of losses are high should be avoided. There are many good alternative coins in the market which will give you more profit in return. It is better to choose these good altcoins if you can.

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Quote from: gabbie2010 on June 03, 2024, 12:36:20 PM

Quote from: Waldorf77 on June 01, 2024, 05:15:05 AM

To trade futures it takes time and need to watch and a lot worry about liqutation.
Who ever made solana and Dexscreener its genius and im thankful for this opportunity.
Im trading meme coins i try to look support before entry in trade and make sure there is enough liquity locked burned and good volume and project have some website and Community then i entry usually i make now 5x-10x in 24hours Im not too greedy Because better to have constant profit.
But i also buy some good projects for longer wich i belive Will do good in future i have for longer holding crodie and gatsby i belive they are definately good projects then i have cat project wich will teach kids about crypto so those are my coins for longer hold.
On solana chain it's easy to find coins becouse you can track the wallets usually one successful project is connected another good coin so it takes just some decteve work tracking the wallets and txt on blockchain and Im good to go.
I wish more people learn this becouse right now it's allmost only income i have and unemployment benefits also i will be working until Im full pro with meme coins If you entry right time you could see coin price goes up like 1000% in few hours.
If you don't get too greedy then it's easy to make money also i like trading meme coins becouse a lot volatility and alot capital Are in Meme coins specially solana chain and cheap fees Also i like that i don't need watch btc price becouse meme coins world there is always movement never Boring and for unemployed and without education it's perfect way to earn decent money
I use jupiter it's best dex exchanger.

Truly there are some profitable meme coins on Dexscreener based on Solana network which I closely monitor via telegram signal group when a trader buy at a very low price there is always a probability of the meme coin pumping to at least 5X though just few times in a week and all the trading calls from that signal channel is very profitable, I think I would also start trading those meme coins instead of the highly risky future trading, of course a trader has to be at alert 24/7 because there is no particular period or time meant for buying a potential meme coin and the earlier the entry for buy the better.

The trend now is on solana meme coins but they could interchable with neither ETH or some other networks but now majorit that it is really that pumping is on SOL blockchain and this is why people would really be jumping into those decentralized exchanges and would really be trying out their shot into some SOL memes. Yes, it is really something profitable but at the same time it is really that something that could make your
money vanish into thin air specially at the moment or time that you do find yourself that pointing out into those rug projects on which we know that this is really that very common on decentralized exchangers.
The thing on what makes it interesting that once you do able to hit up the right project then you could potentially be able to make easy 10x-100x if you are really that lucky.

This is why i cant blame out into those people who are really that loving on dealing with meme coins. If on OP turned out to be something profitable for him then consider yourself that lucky
because not all that touching up meme trading do end up on being profitable but rather the different.

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Quote from: CODE200 on June 01, 2024, 11:08:14 PM

How's the experience? Pretty sure that you're having a fun time because your speculation is much more riskier than usual trading since most meme coins have a really volatile market and you exactly don't know which one will have the most profit and hodling for a long-term profit isn't really a thing.

I think there is no real difference since futures are also highly risky right? Maybe for some, that is their definition of fun but for the others, it is actually more worrying and they might not even start it. Even though meme coins are pretty much the same, I think there are still indications to tell if which of them has the potential and which doesn't have.

Quote from: CODE200 on June 01, 2024, 11:08:14 PM

I recommend that you should also participate in airdrops in prices because you will never if one of those airdrops might give you some more money to fund your trading or maybe even make you huge profits.

Airdrops doesn't have the same hype as trading, so he might not get interested with it. I won't say that airdrops will give you more money just like that but actually you will be needing a sufficient capital first before that happens, as airdrop task requires the user a real money to initiate them.

Quote from: Waldorf77 on June 01, 2024, 05:15:05 AM

i will be working until Im full pro with meme coins If you entry right time you could see coin price goes up like 1000% in few hours.

Memecoins for 1000% returns? You must be joking. Yes, if you find 20 or more such coins and invest with them then you get such 1000% profits only from one coin. It means you will face losses from all other 19 coins. That profits from only one memecoin is also perfectly depending on your entry price. So, if you are ready to risk like this then you can start chasing memecoins.

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Quote from: Waldorf77 on June 01, 2024, 05:15:05 AM

To trade futures it takes time and need to watch and a lot worry about liqutation.
Who ever made solana and Dexscreener its genius and im thankful for this opportunity.
Im trading meme coins i try to look support before entry in trade and make sure there is enough liquity locked burned and good volume and project have some website and Community then i entry usually i make now 5x-10x in 24hours Im not too greedy Because better to have constant profit.
But i also buy some good projects for longer wich i belive Will do good in future i have for longer holding crodie and gatsby i belive they are definately good projects then i have cat project wich will teach kids about crypto so those are my coins for longer hold.
On solana chain it's easy to find coins becouse you can track the wallets usually one successful project is connected another good coin so it takes just some decteve work tracking the wallets and txt on blockchain and Im good to go.
I wish more people learn this becouse right now it's allmost only income i have and unemployment benefits also i will be working until Im full pro with meme coins If you entry right time you could see coin price goes up like 1000% in few hours.
If you don't get too greedy then it's easy to make money also i like trading meme coins becouse a lot volatility and alot capital Are in Meme coins specially solana chain and cheap fees Also i like that i don't need watch btc price becouse meme coins world there is always movement never Boring and for unemployed and without education it's perfect way to earn decent money
I use jupiter it's best dex exchanger.

Truly there are some profitable meme coins on Dexscreener based on Solana network which I closely monitor via telegram signal group when a trader buy at a very low price there is always a probability of the meme coin pumping to at least 5X though just few times in a week and all the trading calls from that signal channel is very profitable, I think I would also start trading those meme coins instead of the highly risky future trading, of course a trader has to be at alert 24/7 because there is no particular period or time meant for buying a potential meme coin and the earlier the entry for buy the better.

Topic: I quit binance futures trading and i do now only solana meme coins trading (Read 383 times)