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Topic: I quit binance futures trading and i do now only solana meme coins trading (Read 380 times)

legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
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
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 747
Merit: 102

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
sr. member
Activity: 2422
Merit: 357
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.
hero member
Activity: 1652
Merit: 569
Catalog Websites
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.
hero member
Activity: 3010
Merit: 794
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
legendary
Activity: 3808
Merit: 1723
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.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
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.
member
Activity: 560
Merit: 17
Eloncoin.org - Mars, here we come!
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.
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
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.
hero member
Activity: 2968
Merit: 687
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.
legendary
Activity: 1904
Merit: 1563
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.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
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.
 
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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.
member
Activity: 111
Merit: 25
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?
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2688
Merit: 588
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.
hero member
Activity: 3010
Merit: 794
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.
hero member
Activity: 2534
Merit: 605
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.

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.

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.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
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.
hero member
Activity: 1484
Merit: 928
Those who are into futures trading can earn good returns as well but it all depends on how much knowledge and experience they have because you can only earn good profit from futures trading if you understand the market and its movements very well so that you can place your trades accordingly.
If you are already a professional trader, then I don’t have any problem with you going into future trading, you already have the appropriate knowledge and can manage your risk. But if you are new to crypto, don’t even try to go close to future trading because you can easily lose your money. Don’t think about the high profits when you trade futures, you should also think about the risk involved in it. You can lose the entire amount of money you are using to trade within a few minutes, so if you don’t have the appropriate knowledge, don’t go close to future trading.
legendary
Activity: 2268
Merit: 1655
To the Moon
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.
full member
Activity: 1372
Merit: 133


Are you talking about meme tokens that are on DEX and have a capitalization of only a few tens of thousands of dollars, a few hundred thousand dollars? And that's also what the OP is talking about. I don't invest in those high-risk tokens, I invest in meme tokens listed on top exchanges like Wif, Myro, Bonk...most of them are listed on binance, Gate...

If you are adventurous and know what you are doing, you can still invest in memes on DEX but I just want to advise you to only invest with a very small amount of capital and don't trust too much in someone's made 1000% profit from it. Most of the wallets that reap huge profits from those projects are developers' wallets and they make up stories to attract naive investors.
I agree, this is a huge risk. I also have memcoins in my portfolio which have several tens of millions of market capitalization and I am sure that I will make an even larger profit over time, than it is today. But there are coins that have much less market cap, and they brought me 20x and 10x in the first few days after the start. Of course, I understand that these were not very noticeable projects and I was just able to take advantage of the moment.
sr. member
Activity: 1106
Merit: 391

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.


That's very risky. You only rely on trading meme coins which I think is much riskier than trading futures. What you are doing now is not trading, but more like gambling - you are just gambling your money on meme coins where the price is very volatile and at any time it can drop. If you still love your money, you should look for other sources of income with the money you have now. But if you feel confident enough with what you are doing now, that is your choice, but don't regret it if in the end all your money is lost in this meme coin trading.

Quote
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.

Only a stupid person doesn't have a job but he wants to trade his money on meme coins like that, especially for people who are not educated. Because if you don't work, you should use the only money you have to find a job or start a small business. Trading meme coin has no guarantee that you can make money quickly from it - it is very volatile and if you make the wrong move, then all the money you have will simply disappear. Don't just ignore your rationality because you are looking for quick money from trading meme coins, be realistic and use your money as wisely as possible.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
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.
just be careful that the narrative might change, the meme coin trend might switch from solana blockchain to another blockchain nobody really know but usually after certain time it will switch.
so far seeing from dex screener there's indeed many meme coin still being generated and some of them are having good gains but you should also understand that the reason you can make profit in meme coin is because someone also losing in the trade probably buying the coin at peak which then become your exit liquidity same thing with future, its actually just the same thing different name only.

whether its meme coin or future trading in my opinion the risk carried is the same, you usually can find the same pattern like meme coin with new alts that just got listed where they are still in price discovery stage anyway.
sr. member
Activity: 2296
Merit: 348
Well, it's good for you if what you are doing is working out for you. Generally, when people get into trading meme coins, they tend to lose money because they invest in every meme coin they come across and they lose more money than they earn from these investments. 10x or more returns from a single project is a lot, one should be happy even if they get 2x from a single project since meme coins are extremely risky.

Those who are into futures trading can earn good returns as well but it all depends on how much knowledge and experience they have because you can only earn good profit from futures trading if you understand the market and its movements very well so that you can place your trades accordingly.
sr. member
Activity: 770
Merit: 445
I consider both meme coins and futures trading as gambling with the funds.

It’s surprising to me because i don’t see any difference between future trading and meme coins. The risk in the two is just too high. Just the way you said it, involving yourself in future trading and meme coins is just like gambling, you can either win or lose. I don’t know why someone will think investing in meme coins is better than trading futures, seriously, I don’t really encourage anyone to involve themselves in the two because I know the risk involved. But if I am left with the two options, then I will prefer to go into future trading because I know how to manage my risk in future trading.

Some of them gave insane multipliers whereas someone didn't even last a day as they got dumped. I think it is better to stay away from both if you can't accept big loss.
Meme coins are mostly created just to scam people, most of them are just pump and dump coins, it’s always pump whenever there is hype, and then after people have already invested, they will end up dumping it.
full member
Activity: 367
Merit: 136
This is a good decision of yours. As a small trader I think binance futures trade can only be done by whales. Because they have a lot of dollars. So they can add good liquidation. The market fluctuate so much that it is not possible to liquidate them unless the market suddenly crashes. So do real trade. Wait patiently you will surely get something good.
But I don't think it's good to trade with Memecoin. Memecoin does a lot of fluctuate. In particular, the spread of social media and the influx of small investors has boosted the market unimaginably. But at one time his hype decreased and investors started to leave. Just then those who hold lose a lot. A feature of Memecoin is that even if you want to do dollar cost averaging (DCA), it will not give you an opportunity to get out.
hero member
Activity: 1974
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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.
There is no such thing as support levels, especially in newly listed meme coins, lol. Everything is mostly about speculation, FOMO, Pump and dump. If you don't follow the rules, you get burned

The OP didn't say everything, as if she had found a hidden gem but in fact she found a pile of crap in the trash. There is nothing certain about coin memes and OP feels 100% confident about being a coin hunter on Dexscreener. This is ridiculous because what is clear is that he is the long-awaited victim of meme coin scammers who are ready to withdraw liquidity at any time while the OP is asleep, the Solana network is the easiest place to do all that. compared to other networks. You could say it's a tradition every season, and you just have to look at the FOMO newbies without doing any research.
hero member
Activity: 1960
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Quote
I quit binance futures trading and i do now only solana meme coins trading

I don't see much of a difference between investing in memes and trading futures, both of which are extremely risky ways to make money and more akin to gambling. Although I have also invested in some memes on Solana because I believe that this season, Solana will have a lot of interesting things and projects that bring huge profits can come from the Solana blockchain. But I consider this just a gamble, a speculation , meaning I accept the risk and am willing to lose that small investment of mine. And I don't think it's wise to focus or invest entirely on memes.

If you think making money and getting rich from memecoin is easy then I advise you to be careful with your choice . I think our long term investments should still focus on bitcoin and some of the top altcoins will still be better.
This year, many people have put a lot of money into their wallet thanks to memcoins. But first of all, it must be said that this is not due to the exclusivity of a certain project, but due to the use moment. Memcoins need investment and the one who sells the tokens the fastest will win. But they can be sold without waiting for the peak. And I’m not talking about those memcoins that are market leaders mems.

Are you talking about meme tokens that are on DEX and have a capitalization of only a few tens of thousands of dollars, a few hundred thousand dollars? And that's also what the OP is talking about. I don't invest in those high-risk tokens, I invest in meme tokens listed on top exchanges like Wif, Myro, Bonk...most of them are listed on binance, Gate...

If you are adventurous and know what you are doing, you can still invest in memes on DEX but I just want to advise you to only invest with a very small amount of capital and don't trust too much in someone's made 1000% profit from it. Most of the wallets that reap huge profits from those projects are developers' wallets and they make up stories to attract naive investors.
full member
Activity: 1372
Merit: 133
Trust me, you will definitely have less worry about liquidation as with futures.

Instead you will have 100% guarantee that your Solana memecoins will never liquidate, they will go to almost zero without being zero.

People refuse to learn lessons about shitcoins.
They will not pay attention to this, since they are ready to take risks in order to get a high level of profit. One way or another, some lose, while others earn, even if they deal with shitcoin.
legendary
Activity: 2674
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Livecasino, 20% cashback, no fuss payouts.
Trust me, you will definitely have less worry about liquidation as with futures.

Instead you will have 100% guarantee that your Solana memecoins will never liquidate, they will go to almost zero without being zero.

People refuse to learn lessons about shitcoins.
hero member
Activity: 1652
Merit: 569
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It doesn't make any difference at all as both memecoins and future trading are equally risky which tends to provide huge profits or make your portfolio go zero anytime hence I don't see it making any real difference as both of them are same. Regardless, if you find SOL memecoins more easier and beneficial then go ahead and carry on with your profits as much as you can because these are temporary things.
sr. member
Activity: 490
Merit: 279
I consider both meme coins and futures trading as gambling with the funds. The more risk is taken in both areas the higher is the return as well as there is a higher chance of losing the amount. I have never tried futures but I have invested in new meme coins. Some of them gave insane multipliers whereas someone didn't even last a day as they got dumped. I think it is better to stay away from both if you can't accept big loss.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
Future trading is pure gambling. I do not recommend it to anyone unless they have experience and enough funds to recover their losses. Some people take excessive risks, like 10 to 20x, to get maximum profit. However, these risks are the main reason they get liquidated very quickly. Trading meme coins is not risk-free, either. No matter what meme coin you choose.

As logfiles said above, there are no support levels for the newly listed meme coin. Take Not, for example, a meme coin of TON backed by Telegram. They have airdropped 78% to the community, and the Not coin was dumped since it's listed on Top exchanges. Since it's a new coin, nobody knew where the dumping would end. It will be a dump because airdrop hunters want to cash their profit as soon as possible. But still, nobody can predict the support level of such meme coins.
mk4
legendary
Activity: 2870
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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

You can't really compare lowcap memecoin trading and futures trading because both are far different things with different market dynamics; also knowing that the former is good if you have bigger amounts of money while the latter is only good for low amounts(because of the low spread and low liquidity).
sr. member
Activity: 1484
Merit: 323
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 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.
hero member
Activity: 1764
Merit: 505
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That's your decision, however if see potential with other options then don't hesitate to divert instead of risking with futures. We can't make it sustainable with futures when you can't monitor quickly the movement, many instances there's a possibility that you'll burn your asset when you can't set stop loss. Buying and sell options with meme coins could be a good options, but make sure your choices and decisions makings is nearly 100% profitable when initiating buy and sell order.
hero member
Activity: 868
Merit: 952
I tried also trading memecoins and almost everything I bought was a rug.

I went on Dexscreener and bought the new coins which are out for less than 1-2 hours, and 99% of them rugged within 6 hours.

Then I only bought the top 10-20 coins on the Dexscreener main page and still can't turn a profit. 50% of the coins I buy, go down 50% almost immediately and the rest maybe 2x or 3x and they go back to breakeven and I sell. Maybe you got some secret formula but it just doesn't work for me. Seems most of the meme coins are ponzi's. You only make money if you buy them early.

I tell you this 90% of memecoins are Ponzi schemes, i have actually seen people go on dexscreener and pick the top coins like you do to trade but that’s not how it is done. Firstly the people that engage in this things are called Degen traders; they are risk takers which have even more risk than trading to me. What most of them do is check the developer of the coin see maybe they have a record of getting out the best from their coins. They also check the trend and see if the memecoin correlates with the trend and they ape in. For the top or new coins which they don’t have prior information about, they look at the volume on the chart in dexscreener and then see maybe a whale makes a purchase and they ape in.

The strategy works for the degen traders but I warn you it is very risk. The whole process is a get in early and get out early. The secret from the whole memecoin trading is that they strongly have information from the developers before they proceed or they use the dexscreener volume chart
legendary
Activity: 3808
Merit: 1723
I tried also trading memecoins and almost everything I bought was a rug.

I went on Dexscreener and bought the new coins which are out for less than 1-2 hours, and 99% of them rugged within 6 hours.

Then I only bought the top 10-20 coins on the Dexscreener main page and still can't turn a profit. 50% of the coins I buy, go down 50% almost immediately and the rest maybe 2x or 3x and they go back to breakeven and I sell. Maybe you got some secret formula but it just doesn't work for me. Seems most of the meme coins are ponzi's. You only make money if you buy them early.
hero member
Activity: 2212
Merit: 805
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As someone who engages in both, I understand OP's plight about binance futures vs Memecoin trading and why he prefers memecoin trading instead. My memecoin track record haven't been one of the best because I'm yet to do some on-chain sleuthing to know which project smart money wallets are apeing into next. But I've recently come into having plenty of time on my hands that I'm willing to invest in my memecoin endeavor. I'll send a dm to you OP.

Binance futures or any other futures network like Bybit's or OKX's still have plenty of opportunities. Just last week, I missed putting out a trade on NOT just a few days before it did a 130%. For 10x leverage, that's a 13x profit.
hero member
Activity: 2730
Merit: 632
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.

Good for you!

I've been dealing up with solana meme tokens for a while now but i do only able to hit up projects that do able to increase 10-20x on which this is something that i could count with my fingers.
Not all the time that you would really be seeing those projects who do have a good looking site and some LP locked will really be giving out an assurance that you do able to hit up the right project but its true that
tracking up some wallets on where you could really be able to at least assume that they would really be making one. It would really be a rinse and repeat thing on where if those projects didnt hit up a few multiplier then they would really be just simply create another one which would really be in line with the narrative.

Now, if we do tend to compare it out on futures trading then the risks is something that should really be that equal. The shit thing that you do able to experience on futures is that on the moment that you would be able to hit up that liquidation price then there's no way that you could really be able to take it back which unlike in trading not on futures which you could still get a hold of your coins if it goes negative.
The only shit thing that you could experience is that there's high chance that you would really be able to point yourself on rugged projects with those shit devs.
legendary
Activity: 3374
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Trading with Dex is different from trading with futures as you can see we are trading with futures because we can lend from the exchange that we can use for trading if we have a small amount depending on your current capital you can multiply your capital by using the leverage.
I don't see more difference between DEX exchange it is just like the same as spot trading you just make a huge profit because Memes are too volatile without risk management that profit will also be turned negative if you keep them holding.
Memes are not good for the long term unless they have a strong community but still, I don't see any use for them when the Bitcoin price is in a bearish week you will notice they also drop a lot same when bullish so why not watch BTC too since most of the altcoin and tokens are dominated with BTC.
If you made a profit today then better wait again for a bearish week before your entry but the strategy of your is not always work unless you analyze the market and you know when to entry.
hero member
Activity: 3080
Merit: 603
You're not greedy in that case but you're making 5x-10x and that's no futures, correct? If that is what makes you profitable then that's better. And if you have found the best way to trade through spot with meme coins, there's no need for you to get back to futures as many are quitting it then too. Continue where you are profitable and do not change the coarse you're going. Because many lives have been changed with futures and even they're experienced, they've actually quit the actual market and investing on it.
hero member
Activity: 1246
Merit: 699
I don't expect you will have the same experience from your meme tokens with futures trading. I hope you have better luck with your memecoin.
but I just want to say that you can see many memecoins being born on the Solana network. it will just come and go because very few will last very long. it's like a community structured to create one pump meme and then a dump. and when finished they will go back to talking about new memes.

Now you enjoy it, but be careful when encountering a rug pulls project. We've seen quite a lot of memecoin projects that experience that.
hero member
Activity: 2912
Merit: 556
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It's good if you have found your trading market because you can make a profit. Not many people can search for a trading market that can generate profits. As long as you can still make a profit, you can continue, but be careful because you won't always be able to make a profit, especially if it's a Solana-based meme coin. It would be even better if the profits you get could be used to buy Bitcoin as a long-term investment to make even bigger profits later. The important thing is to be careful when trading meme coins.
hero member
Activity: 784
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To trade futures it takes time and need to watch and a lot worry about liqutation.
It's true that Binance futures or futures trading takes time and is risky if someone does it with high leverage but it's still 10x better than meme coins trading. In meme coin world, only those can survive who study the market properly and have enough information about the project on which they invest their money.

I have seen many traders losing 10-30 Solana per day by investing in wrong projects. There are many new Solana presales on sites like Pinksale these days and if you give proper time to observe those then you will see that how investors are losing money by investing in wrong projects.

I know that someone who's good at meme coin trading can gain some profits with it but I would call it gambling instead of trading. If someone gambles on good project then he/she can have 2x-5x and even 10x profit if he/she gets early in a project, but in most cases the project are rugs and there are so many ruggers and jeeters who take out money of those who gamble on wrong projects. In the end it's dev's who make money with meme coins by rugging and jeeting on others.
full member
Activity: 1372
Merit: 133
Quote
I quit binance futures trading and i do now only solana meme coins trading

I don't see much of a difference between investing in memes and trading futures, both of which are extremely risky ways to make money and more akin to gambling. Although I have also invested in some memes on Solana because I believe that this season, Solana will have a lot of interesting things and projects that bring huge profits can come from the Solana blockchain. But I consider this just a gamble, a speculation , meaning I accept the risk and am willing to lose that small investment of mine. And I don't think it's wise to focus or invest entirely on memes.

If you think making money and getting rich from memecoin is easy then I advise you to be careful with your choice . I think our long term investments should still focus on bitcoin and some of the top altcoins will still be better.
This year, many people have put a lot of money into their wallet thanks to memcoins. But first of all, it must be said that this is not due to the exclusivity of a certain project, but due to the use moment. Memcoins need investment and the one who sells the tokens the fastest will win. But they can be sold without waiting for the peak. And I’m not talking about those memcoins that are market leaders mems.
hero member
Activity: 1960
Merit: 537
Leading Crypto Sports Betting & Casino Platform
Quote
I quit binance futures trading and i do now only solana meme coins trading

I don't see much of a difference between investing in memes and trading futures, both of which are extremely risky ways to make money and more akin to gambling. Although I have also invested in some memes on Solana because I believe that this season, Solana will have a lot of interesting things and projects that bring huge profits can come from the Solana blockchain. But I consider this just a gamble, a speculation , meaning I accept the risk and am willing to lose that small investment of mine. And I don't think it's wise to focus or invest entirely on memes.

If you think making money and getting rich from memecoin is easy then I advise you to be careful with your choice . I think our long term investments should still focus on bitcoin and some of the top altcoins will still be better.
copper member
Activity: 2170
Merit: 1822
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To trade futures it takes time and need to watch and a lot worry about liqutation.
The same applies to meme coins too. It takes time to research, watch and worry about rug pulls. They are quite many, by the way.

Quote
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.
There is no such thing as support levels, especially in newly listed meme coins, lol. Everything is mostly about speculation, FOMO, Pump and dump. If you don't follow the rules, you get burned

jr. member
Activity: 260
Merit: 2
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.
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