Investing in meme coins is worthy or not? - page 9.

yazher

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Quote from: VFalcon on January 12, 2024, 12:18:09 AM

I think if you're just dabbling, you can try and try your luck, I do that sometimes. But as for me it's better to use not your personal money but the money you win or get on giveaway, Fairspin is just now holding tournaments and giveaways, so it's worth a try

It's not that expensive like any other altcoins because meme coins are always started at lower prices and sometimes if you are lucky enough to land those meme coins that have some real working roadmaps and their developers are following well and they also show good results with their updates, then you don't need to spend too much on it just be moderate and low risk with your investment in meme coins and surely you won't gonna regret it if didn't go well but if you hit the jackpot, then you will gonna earning decent amount of money from that without a doubt.

Y3shot

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What you need to understand about meme coin is that they are not good for hodling, it is something you need to be careful of when dealing with it. Only invest what you can afford because mist of the meme coin in the market are not profitable, and before you invest you need to make research about the project to be sure if you are investing you are investing your money on the right project. Many meme coin are considered to be shit coins.

ultrloa

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Quote from: Supianto on January 12, 2024, 04:00:39 AM

Quote from: Essential10 on January 12, 2024, 03:19:33 AM

I've noticed meme coins often have little to no real value and are heavily influenced by market speculation and hype. I am interested in investing in cryptocurrencies that are trusted and have a strong team behind them. I'm looking for coins with a clear roadmap, a strong community and a transparent and trusted development team where the points don't fall into the characteristics of meme coins. I think it's better to explore stable investment options than to be uncomfortable with the unpredictability and rapid price swings associated with meme coins.

Well, it was always the case with memecoins, they don't have any real value besides hype and, you guessed it, memes. But most memecoins after DOGE don't really care about memes and are just trying to get hype and money, at least I see it like that. I avoid this market because of that.

They only exist just because of hype and there are lot of token creators just take advantage on peoples greed that's why for newbies this is not good investment choice for them if they want to invest on crypto since from that tokens the more faster could lose their money its because the dev is already rugged and there's huge risk for them to lose their money if they insist and believe on those devs promises.

For newbies better they avoid those tokens and practice their skills on top coins since they have more better chances to learn there but as well the risk to lose their money is so low since even if the price of the coin they bought dump there's still a chance for them to earn it back.

Miles2006

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What's really your plan towards the investment and it seems you have full faith like you're talking with confidence, with what everyone is saying and repeating same thing makes no sense, my view on meme coins doesn't fit with what you're saying, I have never seen anyone with profit investing in meme coin and it's very risky for long term investment and the worst part is if you don't make your own research you might invest in a ponzi scheme with the mindset of making profit, investing in meme coins is 50/50 cause any decision you make now to invest or not you will see the end result. I'm not discouraging you cause some meme coins has potential so is left for you to choose the right one and be smart when investing

Tipstar

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Cryptocurrencies itself are a risky investment and meme coins takes that to a next level. Meme coins are more closer to the ponzi scheme rather than anything I call Investment.
If you discovered a decent memecoin/ponzi and put some money early and provided that the project be able to bring in large number of new money, you'll going to have a good profit. The profit can be x100ish within days. But if they never took off or were already high enough when you bought it, you are going to have a loss. If you are going to try them, I'd recommend not to buy any new memecoin more than worth $100 and buy only those which have a good looking website and a responsive community. There are 100s of them everyday.

Supianto

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Quote from: Essential10 on January 12, 2024, 03:19:33 AM

I've noticed meme coins often have little to no real value and are heavily influenced by market speculation and hype. I am interested in investing in cryptocurrencies that are trusted and have a strong team behind them. I'm looking for coins with a clear roadmap, a strong community and a transparent and trusted development team where the points don't fall into the characteristics of meme coins. I think it's better to explore stable investment options than to be uncomfortable with the unpredictability and rapid price swings associated with meme coins.

Well, it was always the case with memecoins, they don't have any real value besides hype and, you guessed it, memes. But most memecoins after DOGE don't really care about memes and are just trying to get hype and money, at least I see it like that. I avoid this market because of that.

Essential10

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I've noticed meme coins often have little to no real value and are heavily influenced by market speculation and hype. I am interested in investing in cryptocurrencies that are trusted and have a strong team behind them. I'm looking for coins with a clear roadmap, a strong community and a transparent and trusted development team where the points don't fall into the characteristics of meme coins. I think it's better to explore stable investment options than to be uncomfortable with the unpredictability and rapid price swings associated with meme coins.

MIner1448

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Investing in new projects always involves risk, especially when it comes to meme projects and new teams. Although Kikswap launched successfully and performed well, each project is unique and past success does not guarantee future success. It is important to do your own research, study the team, technology and project roadmap, and assess the risks.
Meme cryptocurrency projects are often subject to volatility and depend on community interest. The hype will pass or the surge in news will be forgotten about this coin, it is important to exit the deal in time when it starts.

VFalcon

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I think if you're just dabbling, you can try and try your luck, I do that sometimes. But as for me it's better to use not your personal money but the money you win or get on giveaway, Fairspin is just now holding tournaments and giveaways, so it's worth a try

Silberman

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Quote from: Cryptosmart00215 on January 11, 2024, 11:15:34 AM

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?

The number of coins released each day makes it impossible for us to keep track of all of them, so you most likely know more about that coin than what we do, and if you want to invest in that coin as you think it is a good coin then do it, but make sure that you do not invest all your money in it, invest a small amount and if things go well you will make some profits, but if things go wrong then your losses are not going to be that bad and you can recover everything you lost by just investing in bitcoin.

Bureau

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Quote from: radjie on January 11, 2024, 11:18:08 PM

A lot of meme coins have been popping up lately, some have been able to make a profit, some have lost a lot of money because the project didn't last long and only benefited the management. But it all depends on the potential of the coin itself. It is still said that it is worth investing in Meme coins and of course you have to choose the right coin and you have to be able to take advantage of the price movement situation. When you feel you have made a profit, it is better to immediately take advantage of the situation.

Those who are early investors they are only making money by investing in meme coins. For example, those early investors who invested in Shiba INU made a good profit in 2021 and then people started taking positions in the hype some of them were able to make some profit but a large section is still stuck. They are all waiting for the next bull run and hoping that this time it goes up to $1. There have been a lot of discussions around meme coins in the forum and the result of those discussions is to avoid them in later stages.

radjie

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Quote from: Cryptosmart00215 on January 11, 2024, 11:15:34 AM

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?

A lot of meme coins have been popping up lately, some have been able to make a profit, some have lost a lot of money because the project didn't last long and only benefited the management. But it all depends on the potential of the coin itself. It is still said that it is worth investing in Meme coins and of course you have to choose the right coin and you have to be able to take advantage of the price movement situation. When you feel you have made a profit, it is better to immediately take advantage of the situation.

arjunmujay

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Quote from: icalical on January 11, 2024, 07:48:58 PM

Some people might disagree with me, but in my humble opinion buying meme coin is more like gambling than investment. Compared to other altcoins that has utility and solve real problems. Meme coin doesn't have any of that, they only rely on their communities loyalty, not to mention that most (if not all) of meme coin is centralized so to be used as cryptocurrency it still far worse compared to Bitcoin. If I am not mistaken I have read that some memecoin eventually applied some utility onto them, but as far as meme coin doesn't offer any advantages compared to other cryptos I wouldn't think investing in it is worthy.

I am one person who agrees with you. meme coin itself was created for fun and is not worth investing in. especially seeing the huge fluctuations.
from one meme coin can pump up to 100x or 1000x in one day. when the hype is over, the price will plunge freely. sometimes until it loses value. it's the same as gambling.

icalical

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Some people might disagree with me, but in my humble opinion buying meme coin is more like gambling than investment. Compared to other altcoins that has utility and solve real problems. Meme coin doesn't have any of that, they only rely on their communities loyalty, not to mention that most (if not all) of meme coin is centralized so to be used as cryptocurrency it still far worse compared to Bitcoin. If I am not mistaken I have read that some memecoin eventually applied some utility onto them, but as far as meme coin doesn't offer any advantages compared to other cryptos I wouldn't think investing in it is worthy.

Hispo

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Quote from: wheelz1200 on January 11, 2024, 06:20:13 PM

These projects pop up like moles all day long. Memecoins will never have a long existence. If they are a joke who will ever take them seriously enough to invest into long term. Most of these things are holding onto the 2020 and 2021 memecoin run and trying to get Rick off it. I'd steer as far away as possible.

To be honest with you, I have never understood how there are so many development teams out there in the world who would spend their time and effort to legitimately try to push forward meme coin projects without having ulterior motives. My personal theory is there are a handful of teams of scammers how live in countries like India, Pakistan or Russia (where they are very unlikely to get held into account) and from there they basically start ICOs as often as possible, open discord servers, hire people to promote their project, so they can catch as much Bitcoin/Ethereum/BNB as possible before dumping it all and then move onto their next scam, which follows the same steps of the previous ones.

It takes much care and luck to get involved with an actually memecoin which is not a seasoned scheme to take one's money a run away. Do you remember the Squid Game memecoin, by the way? It was a memecoin which was supposed to be bought, but there was not way for it to be sold. Roll Eyes

Kavelj22

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Quote from: Cryptosmart00215 on January 11, 2024, 11:15:34 AM

Investing in meme coins is worthy or not?

I still think the Dodge Coin is the best that has been produced in the memecoin market.
This coin does not stand on a solid foundation, nor does a development team work on it, and had it not been for the protocol on which it was based was solid enough, I would not have received all this support from the community.
The worst scenarios are still expected to happen at any unexpected time. Just because I like a Dodge coin doesn't mean I trust it. Personally, I do not recommend investing in these currencies in the medium and long term.

wheelz1200

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These projects pop up like moles all day long. Memecoins will never have a long existence. If they are a joke who will ever take them seriously enough to invest into long term. Most of these things are holding onto the 2020 and 2021 memecoin run and trying to get Rick off it. I'd steer as far away as possible.

oktana

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Quote from: mk4 on January 11, 2024, 11:48:49 AM

The one you mentioned, lmao. They're really mentioning marketcap websites, DEXs, and block explorers as "partners"? It's like saying you wrote a document so you're partnered with Microsoft(word).

Isn’t that the meme already? Grin

I mean, you even lmao-ed so it’s funny enough Grin

.

OP, simply do your research and decide for yourself, like mk4 already said, the success of meme coins depends on how loud the chillers behind it can shill it. They usually don’t have use cases but just hype, so invest your money with caution no matter how much you think it’ll be successful.

Obim34

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Answering your question, may be on personal view if things. Most people do well in investing inMeme Altcoins while others will basically desire to go for others.
Personally the meme Altcoin can give very good profit tho but has the highest risk attached with, 90% of the newest of memecoins are likely to scam. So it might not be that of a much worthy to invest in but if you know how to manage the risk then it becomes worthy.

batang_bitcoin

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You are doubled sided. You are like this;

Quote from: Cryptosmart00215 on January 11, 2024, 11:15:34 AM

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.

Then turned to this.

Quote from: Cryptosmart00215 on January 11, 2024, 11:15:34 AM

Recently, I came across an airdrop for an upcoming meme project called [...]
Website and Whitepaper link are below:[...]

That contradicts to what you are saying but I know that you are trying to shill or advertise that. But let's talk in general about meme coins, some may be worthy to invest still but define what's worth for you. Because for me, it is not worth it when I am already late on that part of meme coins. Missed all of these runs and completely slack about it.

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