Topic: Investing in meme coins is worthy or not? - page 2. (Read 1626 times)
Investing in meme coins is a very high risk venture, more so if it is a new meme coin. In my opinion, I suggest you consider investing in already established coins/tokens. Basically, most people invest in new meme coins because they want to make fast money - which happens when the coin gains value largely due to hype. Experience shows that most gain in value of caused by hype is not sustainable and sooner the coin value collapses leaving unsuspecting investors with loss. With patience, you can actually make money when you invest in Bitcoin, Ethereum, and other reputable coins, but you need to be patient. It is not worth it to invest in meme coins especially if you are investing big sums for long term. Importantly, as applicable in all investments, invest only what you can afford to loose.
I don't trust new projects with inexperienced teams. I've been burned by several solid projects with new teams that couldn't deliver on their promises. Recently, I came across an airdrop for an upcoming meme project called DingDang. The interesting part is that the team successfully launched Kikswap in 2022, which performed well. The presale participants gained a 10x return at launch, and they raised 506 BNB in the initial seed sale. With many trending meme coins in the market, I'm considering investing in DingDang during its early stages. What are your thoughts on whether it's worth it or not?
Website and Whitepaper link are below:
Web: https://dingdang.io/
Whitepaper: https://dingdang.io/whitepaper.pdf
Website and Whitepaper link are below:
Web: https://dingdang.io/
Whitepaper: https://dingdang.io/whitepaper.pdf
In my opinion, it is very worthy for you to invest in the memecoin you mentioned. because the team successfully launched Kikswap in 2022 and in the presale they made 10x profit at launch, and they also managed to raise 506 BNB in the initial seed sale. so I think this is a very good achievement. because so many memecoins don't make it in presales and seed sale.
Meme coins are mostly short term projects, but what some persons don't like is that, they are being inspired by meme and jokes, and aside that, we have several failed projects due to lack of proper management skills and scam projects that where intentionally made for scam purpose. Meme coin are very volatile which makes them good for short term holding, they could pump rapidly and also dumps with same speed, so it takes skilled investors to make profits from it, and that includes getting into the market really quick and selling after they have received quite a good amount of profit
I don't have any memecoin on hand right now and personally i don't want to pay much attention to holding memecoin. Moreover memecoin biography will see only dump and pump fair so most new investors are busy looking for gold in this fair. If i have spare money i would like to buy some of the best tokens from the altcoins market with them. So put away your thoughts that you will suddenly become rich from memecoin. But there are some older memecoins that are better and risk free than newer projects.
because modern meme tokens are more like a lottery and many users buy them with the hope of quick X's for their deposit. There is a trend for meme tokens depending on what is happening now, remember the same series Squid Game and how many dozens of tokens were made using it , many of them are dead today but will be relevant by the release of the second season of the series. 
I don't have any memecoin on hand right now and personally i don't want to pay much attention to holding memecoin. Moreover memecoin biography will see only dump and pump fair so most new investors are busy looking for gold in this fair. If i have spare money i would like to buy some of the best tokens from the altcoins market with them. So put away your thoughts that you will suddenly become rich from memecoin. But there are some older memecoins that are better and risk free than newer projects.
Well, it was finally worthy for me to buy DOGE. I've been keeping it for a couple of years and today I sold it for profit. Now I'm not gonna touch memecoins ever again.
Influencers are sometimes the problem in crypto space especially on altcoins. They tends to overhype some projects for their own selfish gains.
That is the reason I don't even bother myself watching their ads or video about any coin. Most time they tend to use the phrase " the next Bitcoin" and to those newbies into investment they might fall for their hypes. The best way to get a coin for investment is by doing your own research, because it's possible those influencer might make false predictions and hype, but when you make your own research, you stand a chance of becoming responsible for your investment choice, and if the coin turns out well you are to receive all the credits.
However, we are here as investors who are better in terms of knowledge, so don't let that happen. we also have to consider everything before experiencing losses from memecoin. especially with new memes whose direction and purpose are not yet clear.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Investing in new projects that aren't meme coins can be called risky, but you can't compare that with a meme coin investment because when you are investing in a meme coin, you are straight-up gambling with your money. After all, meme coins serve no purpose or utility to the community and they are promoted with fabricated facts and figures around the industry just to gain attention and attract investors.In general, it is better for someone who is new in the market to stay away from newly launched projects because they might not be able to evaluate them well and do enough research and analysis to understand whether a project is worth investing in or not.
Meme coin has utility just like every crypto project, because it can be used to send and receive and transaction fee will be there and just same but they are using the term memecoin tag under their projects just to get more attention cause that is the project that is currently trending in the market.
Investing in meme coin never a smart scrutiny so that we can always select the good ones from the bad ones.
Making money from the crypto market depends on how we can choose from random of altcoins in the market.
We need to keep searching for good projects to invest our money into.
Influencers are sometimes the problem in crypto space especially on altcoins. They tends to overhype some projects for their own selfish gains.
That is the reason I don't even bother myself watching their ads or video about any coin. Most time they tend to use the phrase " the next Bitcoin" and to those newbies into investment they might fall for their hypes. The best way to get a coin for investment is by doing your own research, because it's possible those influencer might make false predictions and hype, but when you make your own research, you stand a chance of becoming responsible for your investment choice, and if the coin turns out well you are to receive all the credits.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Influencers are sometimes the problem in crypto space especially on altcoins. They tends to overhype some projects for their own selfish gains.Meme coins are good coins for short time investment, and not all meme coins are profitable because so many meme coins has been lunched and failed.
The case of Pepe that happen last year has given some people more interest in meme coin because they can gain huge amount of money if the project did well, at the same time they might lose money if the project fails.
such cases create more new coinmemes. but not many can survive, most of them just want to take advantage of the community and the developer eventually abandons the project.
when dealing with memecoin always use small money, don't be obsessed with short profits. More memecoins end up being scams than those that succeed in the market with strong community and market support.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Influencers are sometimes the problem in crypto space especially on altcoins. They tends to overhype some projects for their own selfish gains.Meme coins are good coins for short time investment, and not all meme coins are profitable because so many meme coins has been lunched and failed.
The case of Pepe that happen last year has given some people more interest in meme coin because they can gain huge amount of money if the project did well, at the same time they might lose money if the project fails.
There are so many good meme projects in the market just like we have memeland and other good ones we can always buy.
Investing in meme coin never a smart scrutiny so that we can always select the good ones from the bad ones.
Making money from the crypto market depends on how we can choose from random of altcoins in the market.
We need to keep searching for good projects to invest our money into.
Their are good meme coin in the market and I don't think they are many, and this meme coin you can't tell if it will be profitable in the future. Their many memecoin in the market that are scam project that is why investors needs to be careful when dealing with memecoin. If one is not careful it is possible to lose all you have investing in memecoin because they are not reliable to invest. Many in the market known to be scam coin.Investing in meme coin never a smart scrutiny so that we can always select the good ones from the bad ones.
Making money from the crypto market depends on how we can choose from random of altcoins in the market.
We need to keep searching for good projects to invest our money into.
Well digital asset market maker investment firm DWF Labs is making 'bullish' news for Floki token hodlers. They are going to buy $10 Million of the tokens.
They will get the tokens from the treasury over 2 years time. Their partnership is from May 2023 when DWF Labs purchased $5 Million of the token. The token is showing gains of 32% since they said this.
https://www.newsbtc.com/news/floki-skyrockets-32-higher-following-dwf-labs-10-million-acquisition-plan/
They will get the tokens from the treasury over 2 years time. Their partnership is from May 2023 when DWF Labs purchased $5 Million of the token. The token is showing gains of 32% since they said this.
https://www.newsbtc.com/news/floki-skyrockets-32-higher-following-dwf-labs-10-million-acquisition-plan/
There are so many good meme projects in the market just like we have memeland and other good ones we can always buy.
Investing in meme coin never a smart scrutiny so that we can always select the good ones from the bad ones.
Making money from the crypto market depends on how we can choose from random of altcoins in the market.
We need to keep searching for good projects to invest our money into.
Their are good meme coin in the market and I don't think they are many, and this meme coin you can't tell if it will be profitable in the future. Their many memecoin in the market that are scam project that is why investors needs to be careful when dealing with memecoin. If one is not careful it is possible to lose all you have investing in memecoin because they are not reliable to invest. Many in the market known to be scam coin. Investing in meme coin never a smart scrutiny so that we can always select the good ones from the bad ones.
Making money from the crypto market depends on how we can choose from random of altcoins in the market.
We need to keep searching for good projects to invest our money into.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Investing in new projects that aren't meme coins can be called risky, but you can't compare that with a meme coin investment because when you are investing in a meme coin, you are straight-up gambling with your money. After all, meme coins serve no purpose or utility to the community and they are promoted with fabricated facts and figures around the industry just to gain attention and attract investors.In general, it is better for someone who is new in the market to stay away from newly launched projects because they might not be able to evaluate them well and do enough research and analysis to understand whether a project is worth investing in or not.
Meme coin has utility just like every crypto project, because it can be used to send and receive and transaction fee will be there and just same but they are using the term memecoin tag under their projects just to get more attention cause that is the project that is currently trending in the market.
Investing in meme coin never a smart scrutiny so that we can always select the good ones from the bad ones.
Making money from the crypto market depends on how we can choose from random of altcoins in the market.
We need to keep searching for good projects to invest our money into.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Investing in new projects that aren't meme coins can be called risky, but you can't compare that with a meme coin investment because when you are investing in a meme coin, you are straight-up gambling with your money. After all, meme coins serve no purpose or utility to the community and they are promoted with fabricated facts and figures around the industry just to gain attention and attract investors.In general, it is better for someone who is new in the market to stay away from newly launched projects because they might not be able to evaluate them well and do enough research and analysis to understand whether a project is worth investing in or not.
Meme coin has utility just like every crypto project, because it can be used to send and receive and transaction fee will be there and just same but they are using the term memecoin tag under their projects just to get more attention cause that is the project that is currently trending in the market.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Investing in new projects that aren't meme coins can be called risky, but you can't compare that with a meme coin investment because when you are investing in a meme coin, you are straight-up gambling with your money. After all, meme coins serve no purpose or utility to the community and they are promoted with fabricated facts and figures around the industry just to gain attention and attract investors.In general, it is better for someone who is new in the market to stay away from newly launched projects because they might not be able to evaluate them well and do enough research and analysis to understand whether a project is worth investing in or not.
Not just meme coins, investment made on every new project is literally a gamble and some analysis like it's use case and everything but there is no assurance that even a project that has better utility will be successful because the numbers of projects launched is overwhelmed in the market and no one really knows how many projects getting launched today so finding the right project is difficult among the stack of projects that is hyped by influencers and other promotions.
Investing in a meme coin is certainly a risky proposition! While some people have made money investing in meme coins like Dogecoin and Shiba Inu, they are incredibly volatile and can lose value quickly. Before investing in any crypto currency, it's important to do your research and understand the risks involved. If you're thinking about investing in a meme coin, make sure you're prepared for the possibility of losing your investment. However holding this meme coin for a long time isn't really advisable
You know the risk involved and you still asked this, I've seen many projects with good pre sale before launch and airdrops but they end up as scam projects or pump and dump, its not the first of this kind of project in the crypto space, I'm not saying this is one of then all I'm saying is that it's a gamble and should be approached as such, what you should do is invest what you can afford to lose, I wouldn't evnn say invest cause we only invest in assets not ponzi schemes and I see many memes as ponzi schemes, so invest what you can afford to lose and don't come crying to anyone when you lose your money.
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