Investing wisely in memecoins can give you returns. - page 2.

fullhdpixel

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Quote from: Furious 7 on July 21, 2024, 04:33:26 PM

Actually I don't really like to say this as an investment because after all this is just like trading or even gambling because indeed memecoin or shitcoin is not worthy of being one of the options for investing.

It cannot be denied that being in memecoin sometimes provides extraordinary benefits especially when the coin or token we choose gets a pump, it's just that in this case as I said earlier this is just like gambling where we only hope that the whales make a pump in memecoin so that we benefit from the results we saved before.
And by looking at this I honestly contradict the concept of investment that I am doing now so I will not say that this is an investment because indeed memecoin is not really suitable for the medium or long term.

I agree because calling this as investment is completely wrong it's all just hype or gambling which can go either way usually we have no good return of investment which is expected, so things mostly can go on negative side which are the worst thing for the investors and peoples those lost to stay with them.

Secondly peoples usually talk keep patience but if someone is going to have patience with them, it's surely going to hurt them badly even they are not able to have to their money back because this all works on strategy to have enough funds of investors and then wiped so just try to keep things favourable for themselves with invest in these meme coins which you can afford to lost. Keeping distance from them is the best option but as few feels they can take profit they needed to be careful about this and also keep eye on all movements because this can go down very quickly.

Qiubell5

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Quote from: jaberwock on July 22, 2024, 01:42:02 PM

He said there is no luck involved but I think there is. So many things in this world involves a luck and this includes investing in cryptos such as the meme coins. Actually meme coin investing are mostly luck dependent because like I said earlier, they don't have a concept for us to have a proper judgment.

There are chart movements that we can look at but this one is also luck dependent. Manipulators won't make our lives easier. Apart from luck, skills or being wise can also help. Like for example, we know that low-cap coins are a risky kind of investment. I know majority of meme coins are low-cap but I think there are still meme coins which market cap is high and it's best to just go for them.

investing in meme coins apart from luck also makes your insight better, by connecting with the community and people who have the same interests, by gaining experience in the crypto world, I think some people see meme coins as an opportunity to make big profits in short time, however, luck is the main factor, which needs to be considered before investing in meme coin because it has a high level of risk, because crypto is difficult to predict. It all depends on people's level of thinking in carrying it out.

betswift

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Quote from: Marykeller on July 22, 2024, 02:14:29 PM

When it comes to crypto investment generally, don't invest because you have someone you look up to in the crypto world promoting a said project on their Twitter handle, and because of that, you are going to invest in that same project.

Taking such a step as a investor in crypto is not always favorable because you can end up having a loss of investment since the crypto is unpredictable and nobody can tell the future of a coin whether it will succeed in the crypto market or not.

I would advise you to invest in any memecoins you are convinced they will soar after doing your own research, and make sure you invest in them with little money, with little or no much hope that they will give you huge profit returns

Great points there! People and influencers on Twitter can be paid to do some shilling for the coin and get more people to invest in it, thus increasing the funds it has but also not minimizing the risks behind such an investment by common people.

Marykeller

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When it comes to crypto investment generally, don't invest because you have someone you look up to in the crypto world promoting a said project on their Twitter handle, and because of that, you are going to invest in that same project.

Taking such a step as a investor in crypto is not always favorable because you can end up having a loss of investment since the crypto is unpredictable and nobody can tell the future of a coin whether it will succeed in the crypto market or not.

I would advise you to invest in any memecoins you are convinced they will soar after doing your own research, and make sure you invest in them with little money, with little or no much hope that they will give you huge profit returns

jaberwock

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Quote from: shinratensei_ on July 22, 2024, 12:02:07 AM

Quote from: Asyifiah on June 16, 2024, 03:01:39 AM

It's not about luck in making a profit from meme tokens, wise people will usually avoid games like stupid coins that are just made out of thin air, choosing altcoins is more profitable than wasting money on meme coins that are just a joke. I admit that there are many people who are lucky in meme coin, they are people who can tolerate losses so they can get unexpected profits from a meme coin, they are wise to open a meme coin but understand how they are going to do it.

yeah, nothing wise about investing in meme coins at all wise people would avoid. this coin exist for the sole purpose of market manipulation with its small market caps.

however the massive profit that these memes generated could sometime attract even the wisest sage out there but as long as the entire investment portfolio is only having 3% allocation for meme coin it will be fine because it's risk management and increasing profit through risky investment.

He said there is no luck involved but I think there is. So many things in this world involves a luck and this includes investing in cryptos such as the meme coins. Actually meme coin investing are mostly luck dependent because like I said earlier, they don't have a concept for us to have a proper judgment.

There are chart movements that we can look at but this one is also luck dependent. Manipulators won't make our lives easier. Apart from luck, skills or being wise can also help. Like for example, we know that low-cap coins are a risky kind of investment. I know majority of meme coins are low-cap but I think there are still meme coins which market cap is high and it's best to just go for them.

betswift

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I wouldn't say that the socials are the main thing going for all the memecoins, though it's better if that's how it is and a coin has someone big standing behind it. We also should take into account the investors, the contract, the mood behind it, and not stay too long into it, because the profit is good, it's bad if that 10x profit turns to 0x or even a minus.

shinratensei_

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Quote from: Asyifiah on June 16, 2024, 03:01:39 AM

It's not about luck in making a profit from meme tokens, wise people will usually avoid games like stupid coins that are just made out of thin air, choosing altcoins is more profitable than wasting money on meme coins that are just a joke. I admit that there are many people who are lucky in meme coin, they are people who can tolerate losses so they can get unexpected profits from a meme coin, they are wise to open a meme coin but understand how they are going to do it.

yeah, nothing wise about investing in meme coins at all wise people would avoid. this coin exist for the sole purpose of market manipulation with its small market caps.

however the massive profit that these memes generated could sometime attract even the wisest sage out there but as long as the entire investment portfolio is only having 3% allocation for meme coin it will be fine because it's risk management and increasing profit through risky investment.

when trying to invest in meme coin, don't forget to also look at the 24h top losers tab for reminder Grin

.

Furious 7

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Actually I don't really like to say this as an investment because after all this is just like trading or even gambling because indeed memecoin or shitcoin is not worthy of being one of the options for investing.

It cannot be denied that being in memecoin sometimes provides extraordinary benefits especially when the coin or token we choose gets a pump, it's just that in this case as I said earlier this is just like gambling where we only hope that the whales make a pump in memecoin so that we benefit from the results we saved before.
And by looking at this I honestly contradict the concept of investment that I am doing now so I will not say that this is an investment because indeed memecoin is not really suitable for the medium or long term.

o48o

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Quote from: R1dwanRz on June 04, 2024, 01:08:14 PM

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.

Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

This is pretty much the opposite definition of the term "wisely". It can be profitable, but it's far from wise. Connections between teams don't really give you enough information either, or how they are themed. Because whole theme will be oversaturated by different tokens with same theme after 2 projects under the same theme them get mooned.

"Research" and "investing" are also misleading terms when it comes to meme tokens. Research is pretty straight forward and simple, so calling it research is just insulting to anyone doing actual research. And investing is a far fetch term too. These tokens don't have intrinsic value. It's almost always low frequency trading and speculating.

lixer

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There is no wise way with meme coins to make a profit from it, I doubt that many people who make big profits from meme coins are those who dare to take risks and are even ready to lose money. After I looked at the market in the near future and a few months ago, the meme coin that was leading the market with hundreds of coins appeared, to make a wise profit, choose the meme token that is currently hype or the current top level meme coin.

Sometimes, even the ones that are trending don't get to provide their investors much profit because they don't manage to gain much value due to the greed of their developers as they run away with whatever investment they have got so far. Only some meme coins manage to gain substantial value and provide good returns to their investors.

It is also important for people to have a proper selling plan because I have seen a lot of people not selling their assets at the right time and keep holding because they think they can get more profit if they hold their assets and sell them later but this thing doesn't work with meme coins or shit coins and one should sell immediately if they are getting some profit.

Godday

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Quote from: kotajikikox on June 16, 2024, 09:51:16 AM

Quote from: shinratensei_ on June 16, 2024, 05:51:28 AM

most of the meme coin that rises up high usually already have strong community behind so whenever it goes public the price already high so the market cap is high too

These are the coins that were really created because they are popular memes. Even people who are not that familiar with crypto end up investing in memecoins just for the sake of investing in it.

Quote

or the coin just getting pumps out of the blue.

This is what happens when the memecoin suddenly goes viral maybe out of speculation or just people experiencing fomo

Some people take advantage when the price is pumped and dump all their coins into the market. This is what meme coin creators and early stage investors often do. Because of that, I don't think it would be wise to invest in meme coins because in the end you will lose if you can't enter at the right time. Some meme coins made it into the top 100 cmc and became good projects but I think 99% of meme coins will eventually become dead coins because they were created just to make a profit without thinking about the fundamentals.

kotajikikox

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Quote from: shinratensei_ on June 16, 2024, 05:51:28 AM

most of the meme coin that rises up high usually already have strong community behind so whenever it goes public the price already high so the market cap is high too

These are the coins that were really created because they are popular memes. Even people who are not that familiar with crypto end up investing in memecoins just for the sake of investing in it.

Quote

or the coin just getting pumps out of the blue.

This is what happens when the memecoin suddenly goes viral maybe out of speculation or just people experiencing fomo

shinratensei_

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in my experience of dealing with meme coin only very few meme coin actually show pattern that its gonna go up high in the future otherwise people would've become rich easily, most of the meme coin that rises up high usually already have strong community behind so whenever it goes public the price already high so the market cap is high too or the coin just getting pumps out of the blue.

its still always depends and luck and selective towards meme coin that may pose risk due to malicious smart contract that results in rugpulls, heck if you see recent meme coin trending, its all about hype riding.
finding out connection of certain meme coin with some popular famous figure can help yes, but most of the time if the whales don't care the coin won't pumps.
remember meme coin is also an arena for the whale to make money out of meme coin investor that have no idea.

Kelward

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Quote from: DeathAngel on June 05, 2024, 05:54:13 AM

Some meme coins always do really well in a bull run. The difficulty is trying to pick the right ones because there are so many. It’s easy to pick the wrong ones & end up getting REKT but if you pick the right ones you can make life changing money. This is the game we play though, it’s live or die.

There are too many memecoins in the crypto market and it can be very confusing to make a pick from them because there are too many scam projects, so it always comes down to gambling your funds. I don't think that research helps much when it comes to memecoins because the ones that comes highly recommended might not live up to expectations and when you invest and lose your money, I doubt that you can hold anybody responsible. Apart from reputable memecoins like dogecoin, Shiba Inu and pepe, most of the rest are gambles, just make a pick, invest the amount that you can afford to loose and don't hodl for long term. They can give you massive profit on the short term and they can also sink with your funds, so know your risk tolerance before buying memecoins.

Asyifiah

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It's not about luck in making a profit from meme tokens, wise people will usually avoid games like stupid coins that are just made out of thin air, choosing altcoins is more profitable than wasting money on meme coins that are just a joke. I admit that there are many people who are lucky in meme coin, they are people who can tolerate losses so they can get unexpected profits from a meme coin, they are wise to open a meme coin but understand how they are going to do it.

sekalitas

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Quote from: R1dwanRz on June 04, 2024, 01:08:14 PM

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.

Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

Nice tips! At least we can filter out quite a lot of memecoins. Anyway, in my opinion, a memecoin's value is based on hype and popularity to increase its demand. So, memecoins mentioned by people with a large follower have potential. The more people who buy a memecoin, the higher its value. But still, like you said, the crypto space is unpredictable. So, there's a possibility that people won't be interested in a memecoin even if it's promoted

Ben Barubal

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Quote from: R1dwanRz on June 04, 2024, 01:08:14 PM

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.

Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

When you say invest wisely, that's a bit stressful because, as a sure and cautious investor, you don't want to waste the capital that you will use in meme coins. So what you are entering is a bit of a risky investment. Because meme coins have no utility, and you should know that and have an idea about that.

You can't just fall prey to sweet words and promises, because then you'll definitely be trapped in a scammer's trap. That's why most people in this forum always say DYOR to newbies.

MiauKitchen

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Quote from: moneystery on June 15, 2024, 01:31:35 PM

investment? it's more like gambling i think. because people involved in memecoin are actually just relying on speculation because memecoin has no real use, it was made just for entertainment. how can you expect patience in a coin that relies entirely on speculation? only luck can make you profit there. so there's no need to discuss too much about investing in memecoin since this type of coin relies entirely on speculation.

I agree, as we know that investing in memecoin is quite risky, if we invest a fairly large amount I think it needs to be considered again.
If you feel half-hearted you can ask or exchange opinions with people our friends who have been longer familiar with the world of crypto and memecoin.
and can ask which is safer and best between the two, so that you don't lose money.
because many do not recommend investing in memecoin.

bettercrypto

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Quote from: R1dwanRz on June 04, 2024, 01:08:14 PM

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.

Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

The problem with most meme coin investors is that they are not wise buyers; rather, they just feel that they are wise, but the truth is that they are not. Why? because there are still many people who are fooled and fall prey to rug pull most of the time.

Because the majority of them are still easily swayed by promises, hype, and trends, or just ride what's in fashion. It's hard to just go with the flow of the water.

Essential10

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Quote from: moneystery on June 15, 2024, 01:31:35 PM

investment? it's more like gambling i think. because people involved in memecoin are actually just relying on speculation because memecoin has no real use, it was made just for entertainment. how can you expect patience in a coin that relies entirely on speculation? only luck can make you profit there. so there's no need to discuss too much about investing in memecoin since this type of coin relies entirely on speculation.

Investing is never like gambling, but if you are constantly losing money by investing in the wrong places, it will feel like gambling to you. It's different subject when you invest in coins, it never occurred to me that meme coin is completely useless and ridiculous, because many people have made money from it. I am not denying that investing in meme coin is low risk, very low probability of winning. There are still many meme coins from which you can get money from a meme coin in short term investment by choosing a coin with proper research.

Topic: Investing wisely in memecoins can give you returns. - page 2. (Read 986 times)