Topic: Memecoins Making people more profitable than Alts (Read 703 times)

I remember when meme coins weren't a thing, and some people said it was a waste of time to invest in them. You know, because most meme coins either end up rug-pulling investors or causing them to be dumped on. Altcoins in the other hand seem like a safer bet than meme coins due to lower risk. However, risky altcoins exist as well, but that's a discussion for another day.

Now, it's much different. It seems to be that many may have learned from past mistakes and are approaching meme coins differently. Meme coins emerging from the Solana ecosystem, for example, have proven profitable for many. This bull run, coupled with the rise of meme coins, is bringing joy to many investors. So, which meme coin did you invest in that made you profitable how were you able to achieve that, and which one did you FOMO into this quarter?

I can start first, mine was bonk. I invested in Bonk since last year and just locked it up believing that maybe it will rise. Fortunately enough Sol got its grip back then and there I knew something different was going to happen. That's when I decided to focus on another meme and made it a choice of getting in early before the noise.

First thing I do is;
I go to Dexscreener then CMC, to look at some solana memecoins and see their movement like BOME just bought it. I never knew it will go that high and get so much attention and become one of the Sol top meme then its listing on Bitget has made it surged over 700% or so and then Binance announcement on having its derivatives available made it surge more. That's one beautiful thing of buying a memecoin before the noise comes in.

people seem to forget the fact that when someone cashes out big profit from meme coin there's people losing buying at peak, its not really profitable for many people but they don't tell anyone about their losses, at least with some coin with real product you got product that can be utilized but many meme coin trend are short lived.
in this case like as you mentioned even meme coin fall under category of altcoin and meme coins and other altcoin generally are just as volatile depends on the coin we are talking about here.
if its stablecoin indeed there's some case where the stablecoin are being volatile, i still remember when usdt and usdc has some value decrease, usually most of the stablecoin that depegs are made algorithmic stablecoin where they didn't really peg their coin to usd but to other coin to keep value.

people seem to forget the fact that when someone cashes out big profit from meme coin there's people losing buying at peak, its not really profitable for many people but they don't tell anyone about their losses, at least with some coin with real product you got product that can be utilized but many meme coin trend are short lived.
in this case like as you mentioned even meme coin fall under category of altcoin and meme coins and other altcoin generally are just as volatile depends on the coin we are talking about here.
if its stablecoin indeed there's some case where the stablecoin are being volatile, i still remember when usdt and usdc has some value decrease, usually most of the stablecoin that depegs are made algorithmic stablecoin where they didn't really peg their coin to usd but to other coin to keep value.

It is usually said to use money that we can afford to lose, even for a whale investing thousands of dollars is not a problem for because he has assets that are bigger and that is the value he can still afford to lose, and the amount we dare to risk will also affect the profits obtained.

With only tens of dollars to expect millions of dollars, we can only get it if we become early investors where the price is still very cheap, but if the meme-coin has already received a lot of attention from crypto lovers and has even experienced pumping, then the small amount we invest is impossible to provide millions of dollars.

Memecoin does provide many benefits at the moment, but if you enter the market late it will result in losses so timeliness will greatly affect the profits obtained.

Right, if MEME coins are very high risk so we can try with small amount of money, then if the project will not success so there are no chance to affect on our life, because with small amount of money your risk is less as like 10$-20$ but profit can be high even some people got million dollars just invest some dollars in MEME projects, SHIBA INU can be a big example.

All cryptos are volatile except stable coins but even with that, I can see some stable coins that have been moving under some cents and trying to depeg. And what you've said is a warning to those that like most memecoins. If they're in profit, that's nice but if they start to see themselves getting losses, let it be as a lesson for them to remember.

Memecoins are altcoins too just they are clearly made for the purpose of profits and have no real world utility, they do so well cause of the hype and promotion around them taht most alts dont have, thats why so many scammers chsose to take their form to steal money cause hypes rules the meme world and the coins with teh most hyoe wins and majorly there is no way of identifying which is a good coin from all of them.

It is easy to come up with a memecoin. Anyone could just create one and give it the hype it deserved and boom they are fucking rich after a short time. I dont like memcoin because they lack utility just like what you have said. Any altcoin that do not have any usage in real world i avoid it and wont put my money into it. Whether gains or not i am not interested in memecoins. Unless i used money i would want to waste on drinks and parties to invest in memecoins if not that i dont think i would be willing to give someone my money. This is because in memecoins. 50% f investors lose and 50% gain. If you are unlucky you will be part of the half that gain from it but if you are unlucky you will see your money go within days.

Sure, memecoins are also altcoins so why would the op make such a statement with all the experience he has here in this forum. Aside Bitcoin, all other coins are altcoins. However meme coins are know to be more volatile than other coins, and that means they can pump rapidly or dump rapidly. So in as much as they make investor become rich, they can also drain make them encounter lots of loses. Due to the fact that memecoins are the current hype, we now have lots of scam project that will definitely become shitcoins after a while, meme coins are short term coins for investment.

Memecoins are altcoins too just they are clearly made for the purpose of profits and have no real world utility, they do so well cause of the hype and promotion around them taht most alts dont have, thats why so many scammers chsose to take their form to steal money cause hypes rules the meme world and the coins with teh most hyoe wins and majorly there is no way of identifying which is a good coin from all of them.

I think this applies to me as well because I have been judging memecoins from deducting aspect only wherein the amount of people lost money in memecoin had overshadowed the profits and amount of people benefitted by memecoins. It's a fair point which you have mentioned as it's a very sensible advice to invest only what you can afford to lose without having impact on your standard of living because the problem arises only when we go all in and invest every last dime we have.

Let's not be too sentimal, you actually judging from a deductive aspect, memecoins are known to be hirely misleading but out of them all, few have been proven to be successful, many investors has gotten enough profits risking it in these memecoins and earned a lot more than they have in any Altcoin. It is advisable when dealing with memecoins, one should invest little, something we can do without even if the price drops to zero, it wouldn't affect our standards of living, we only need to apply caution when dealing with them and not totally avoiding them, it's a personal decision aswell.

That's true, but memecoin still has a very high risk compared to other altcoins.
It would be better if we only put a small amount of money there, where the money will not affect us when it is actually lost. If you look at the pump, even if you put in a little money, it will definitely be much more because the increase in memecoin is very high, it can be 10X to 100X.

Memecoins are also alts.

Let's not be too sentimal, you actually judging from a deductive aspect, memecoins are known to be hirely misleading but out of them all, few have been proven to be successful, many investors has gotten enough profits risking it in these memecoins and earned a lot more than they have in any Altcoin. It is advisable when dealing with memecoins, one should invest little, something we can do without even if the price drops to zero, it wouldn't affect our standards of living, we only need to apply caution when dealing with them and not totally avoiding them, it's a personal decision aswell.

If that is your stance I can understand it, but I have the opposite view, the majority of meme coins are not worth your investment, and when I say the majority I am talking about 95% to 99% of all the meme coins that exist.

So when the percentage of meme coins that are not worth our money is so low, I am not going to use my limited time trying to find a needle in a haystack, to me it is better to look for projects with much higher chances of giving you a positive return, even if that means that return is smaller.

The trick of pumping through a hype is created where a lot of memecoin and altcoins price gouging activity takes place. However memecoin's pump is seen for a very short period of time so it may set your research aside. You can earn a lot from meme coins but the question is to find out how they look after the bull season. There are many memecoins that will be considered dead after the bull market.

In every Altcoin market their must be some bad ones and the good ones all together, it would not matter as we often generalize Altcoins and Memecoins as being risky despite having the ones that are capable of giving good returns of profit. Some Memecoins is to be avoided but not totally avoided, their are few which is worth for we investing in them, I know some which deserves such, so we best take our time and dog watch which of the memecoins is suitable and profitable to invest in.