Topic: Is meme risk worth the reward? (Read 354 times)

This particular period wey we dey for the crypto space na period wey person go dey see all sort of crazy pump coins and if you are careful you might get hurt by this same coins that pump so widely. There is this particular guy in my work place that's so upset with altcoins and with the possibility that he could make huge profits off them during this period but he didn't know that the reward he is craving for comes with a sacrifice of a very big risk as well.

Meme coins are highly risky ventures of which many people comsider them as a gamble and you truly analyze them you will understand that it's a gamble, so when engaging with them you should always consider many things like risking only what you can be able to lose and treat it as a gamble which it is. Don't expect to make anything from it, if eventually something comes out take it in good faith. To answer your question about how to find them early, you have to be following some of these guys that makes some calls on Twitter. Twitter is a home of crypto currency and almost every projects are expose to the Twitter platform. The exchange where most of these memes are listed first is Mexc. Mexc is considered as a home of meme or an exchange of meme coins.

For me I will say to some extent meme coins are really worth the risk, well I don't and can't speak for everyone but with what I am seeing in the market with the high fluctuating powers of these coins it certainly not a risk that's worth taking and believe me you definitely don't want to go there. I have this one trick question though about these new meme coins that are being listed now very often in binance and other exchanges and that question is how is it that all coins that are newly listed especially the meme coins are having such high boots profits percentage even before the coins is listed

According to apostle Paul, if you know you can stay with a woman then you stay but if you can't control yourself then marry. Why am I bringing this. If you know that you can't bear the risk steer clear from memecoins, airdrops and shitcoins because they re full with risks. But if you like to face risk then you are free to participate in memecoins and airdrops. But you have to know that most of them are from scammers. Always make your personal research before investing in them.

As for your number one question. You can spot new memecoins, airdrops and shitcoins by following news on cryptocurrency on Facebook, Twitter X, Instagram, and other media platforms. And for the number two, no be you go list di memecoins or the airdrops but di company of the coin and dey can list it in anyone of their choice. And di third question na di depends on task you go do.

They were rare when it wasn't bull season, but I think now it's not rare anymore. Rn I'm observing TOAD, still on Solana. It just had a cex listing with an healthy corrections, once I spot a reversal pattern im in.

That's what memecoins are mate. You ride the hype for few months then sell off. It's not eth or Solana or chain link with lots of utilities. As a crypto trader you need to be flexible imo.. few weeks ago the hype was on AI tokens, now it's on memecoin. I just recently got into memecoins though, now I'm kinda glued to Bitget memezone..

Same for me, I don't like diversifying my funds to altcoins, not to talk of meme coins. Coins that where Inspired by jokes and memes. Most of the memecoins out there are just shitcoins, they only last for a short period of time, while some don't even make good pump before they crash back. I have read two meme coin white paper were the developers stated it clearly that the project they made shouldn't be taken serious as it is a test project. Meme coins are easy to create unlike other coins, and because of that, we have lots of inexperienced developers who just created a coin and try as much as possible to get the coin listed on exchange but due to poor mentainance, the coin just crash.

I'm not saying all meme coins are like that. If you find the right memecoin even before it was listed in an exchange, you'll gain enough profit from it, but seeing those kinds of coins are rear.

Let me put this straight. I get notified by the centralized exchanges I am using to trade my meme coin even before they get listed. When the notifications come, I do my own private research on these meme coin to know if I will invest when they get listed there.

The best exchange to see new and legit meme coins is Kucoin and ByBit. For now, they are the best.

Obviously, the reward is way better than the risk if you invest in a good altcoin. Most times after listing we tend to see an increase in the price before it corrects back to the actual listing price. But sometimes the prices fall a little but with time it skyrocket. And it is important to DYOR so that you won't fall for pump and dump altcoins.

You asked like a curious crypto holder or a beginner, this has firstly attracted me to ask this .... I hope you know how funny memecoins could be with their highly volatilities that can be weaken to attain potential and reliable values?

Anyways, I do not know your stance and Opinion towards my concern of you but I think you are just focused about memecoins otherwise I would recommend you to Chanel your investment on the Bitcoin where you would have a rest assured reputable crpto investment but of course it is still a good one discussion about the memecoins on board here.
     

As your request,  memecoins are sported by their onlines speculations such as the social medias and online platforms that are interested about new crypto currency projects possessing varieties of attractions such as their market prices and the strategies of how they are hyped to stay on top trending.

If you want to stay tuned with the trending memecoins sign up to reddit on https://www.google.com/url?q=https://www.reddit.com/reddits/login/&sa=U&ved=2ahUKEwjqldec2PyEAxXjW0EAHUkgA8IQFnoECAwQAg&usg=AOvVaw2_0vsboRF7sWfvqePTQW4f a d then you are good to keep your desired crypto Coins on tracks.

You can also rely on broadcast speculations or possibly you research and enquires.

No risk no reward and every huge risk do have an outcome of huger rewards if succeeded.
So you would always be benefited when you successfully succeeds on your risky journey as long as it has the potential of rewards.
I do not also think Investors would ever want to risk on to invest on where would not have to gen rewards.
So basically the rewards investors chases while invested in Bitcoins, Altcoins and even the Memecoins is expected to be worth worthy than their risks.

No be lie. Invest in what you' can let go. But with memes if you get it right, you'll earn way more. Someone suggested bitget memezone here and I go check am. Omo, new listings da make mad gains oo. I'll need to pay more attention there and get into memes early.

There are some certain persons in the crypto space that would beg to differ when it comes to the use of these coins because there are already shot term traders and gamblers and the reason I say gamblers is because these coins are never a guarantee and that's the biggest part of gambling which is not being sure enough but the varse majority of crypto traders would not agree because they are the one benefiting from these coins.

Investing in altcoin is risky. Although if lucky, it could turn you to a millionaire in minutes and if unfortunate, it may make one to become poor in minutes. So, if it's a must for you to invest in altcoin, you must do so with little capital that you can avoid to lose. Avoid being greedy on hearing or seeing their potential ROI. BTC is the only coin that really deserve a good investment.

Me I no dey invest in meme coin, but if me self see better one wey I go get mad cashout I fit leave like small money inside am ooo, but the most surprising be say, how people dey take spot all those meme coins at the early stage, e still dey suprise me ooo, or is it that people just invest in random meme coins, and whenever they are lucky, like one of the meme coin go just pump madly and they go cash out.

If you are investing in meme coins, the best think na to invest just little amount of money, like me now if I wan invest for meme coin I no go invest pass 5,000 naira to 20,000 naira be the amount wey I fit leave for meme coins, I will hardly invest even 20,000 naira, but if I lose the money, I know say e no go even affect me in any way.

   Before investing one needs to make a proper findings about the risk and rewards involve for safe and well informed investment pattern,this is very important.

   Meme's price movement within the past few days of training direct to a low risk ranking, which is connected to the trade volume, which makes the traders to be confident on the token capable of being now. The present risk score,shows ,it is relatively low risk investment, which will makes investors to be firstly concern with the risk appraisal will find the score necessary to prevent risky investment.

   

After years of ignoring memecoins, I finally decided to join the meme coin, and so far, I must be sincere with you, the reward is indeed, worth the risk, but you don't just go buying any meme coin, you have to be super selective of which meme coin you buy, else, you might end up losing more than you gain.

I am going to answer your questions


If you must do meme coin, then you must learn to use decentralized exchanges, because this is where they start from, and one way to make maximum profit in meme coin investment is to invest in it as early as possible, and "as early as possible" simply means that, you discover and invest in them before they list on any centralized exchanges, and even coinmarketcap, this way, when the memecoin starts listing, you are going to be in profit all through, regardless of how much the price falls in the short term..


Check my answer to your first question, if you are into memecoin, you must learn to use decentralized exchanges, esle, you are just Goin to be buying from those who already made like 100x to 200x profit when the memecoin has listed on cex, if you wanna make max profit from memecoin, buy them when they are not yet listed anywhere aside from decentralized exchanges.

The reward is worth the risk big time bro, I brought 3 memecoins namely
Coq inu
Ton Fish
Coconut chicken

And honestly, I am currently in massive profit in all three, even right now the market is in down turn, I am still in massive profit on this three memecoin, and non of this is even listed on Binance yet, Ton fish and coconut chicken are both yet to be listed on any good exchanges, Ton fish isn't even listed on coinmarketcap yet, nor any cex.

In general, memecoin investment can be very profitable, but like I said before, you have to be very careful and super selective, don't go throwing money at any meme coin you see or come across, for not all will do well.

Abro I don see shege for all these new coins their body and I no go lie you the stori no funny at all wetin man don loss and for this wey make if I wan do anything altcoin na at least to run those ones wey don old small for the market with convincing market cap and for all this new coins as their ROI fast no so their losses follow fast too. My best option nah to stay for where I know say the propensity to lose no really high that much and not just about how fast the ROI dey come. I dey consider loss too.

These suggestions are valid mate. Thanks... It's high risk but if it pays off, high results also.... Someone suggested a cex that lists meme quickly and even gave an instance. I'll just be patient and observe keenly before getting involved. Thanks mate..

Just checked and it's true. $BOME did good. So you caught it early due to the cex listing speed?

1. The people who catch this trend way to early are degen traders and most at times airdrop hunters or farmers because they actually engage everyday on their handles and get first hand information on when the listing will be done and the gamble on it.

2. If you don’t like DEX then it is best you leave memecoins because it is on the DEX that you only catch them early the period they get listed to CEX the hype get much more and you will only be FOMOing into it if you buy this time around and the worst thing to do is to buy a pumping or dumping memecoin.

3. The reward to risk ratio of every memecoin is always 1:1 and that’s why you see when people get profit from it it is always massive because no one knows which direction you can go. A $10 can be $1k plus in hours on memecoins same way a $1k can turn to $10 In hours too.

My suggestion if you don’t know anything about them it is better you stick to what you know. If by any chance you’re looking for a coin to gamble on then go for low or middle market cap gems with better use utility like the layer 2 coins we have now.

Before answering your three questions; I don't fancy or use DEX and I guess most of us here don't.
Spotting a good meme coin early has to do with some random luck and your effort to always have some tether willing to risk but taking cognizance the blockchain the meme coin are built could be another factor particularly if the blockchain is trending.

Solana based meme coin could be our best bet in this bull run and you may explore BOME which debuted on Bitget and this may answer your second question. The exchange has been working hard on their listing speed recently. BOME has already done 5x and Binance listing is just few minutes away.

You may look out for other potential listing on the platform cos I keep it close for such purpose,

Happy hunting.