Memecoins Making people more profitable than Alts - page 3.

Best-mary

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Quote from: shinratensei_ on March 16, 2024, 09:28:41 PM

indeed there are various meme coin getting into the market and get massive increase just like that out of nowhere no reason at all but suddenly everyone invested in it, make me confused how people are so bullish about certain meme coin but not the other meme coin how that works still baffle me

on the bright side, so many people are profitting big time from this BOME but for those that late unfortunately you shouldn't buy other than being an exit liquidity but certainly there are still many ways to make profit probably to hold when the price dipping and wait until there's next big rally with bitcoin maybe it can become profitable for long term.

personally i don't really like investing in meme coin long term i like to invest short term buying when the price is rather low and just dump it when the price is high.
thats my strategy with meme coins in general, but this book of meme coin definitely caught me off guard that I don't have any chance to buy when it was still early.

Since BOME is already listed on exchanges and bitget been the first to go for it, that strategy isn't bad at all and I suggest that people take it so it wouldn't be a sad story at the end

Best-mary

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Quote from: 2Pizza410000BTC on March 16, 2024, 07:44:17 PM

If we look closely, we can see that lately people are getting the highest returns by investing in meme coins. The amount of return people are getting by investing in meme coins is providing money for their lifetime. If we look at the market, we can see that two meme coins have entered the market in the past few days, namely Book of Meme (BOME) and Dogwifhat (WIF). These two memes have given people the amount of money that has made them millionaires. 'Book of Meme' (BOME) has pumped over 32000% in just a few days, so imagine how much people have profited from it. Dogwifhat is another meme coin that was almost worthless when it hit the market in late 2023. Notice how much this coin is pumping in the current market. That's why I think meme coins are giving people the most money returns these days. One who is favored by fortune becomes the owner of millions by investing in meme coins.

Yes you're right. Thats why I took the opportunity as I stated on my post. Because we never can tell which one will be profitable.. In the long run, we all know these memecoins will be worthless so, why not make it shine when you can? That's the question I always ask myself

Obim34

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Quote from: wxa7115 on March 16, 2024, 11:12:44 PM

Quote from: Best-mary on March 16, 2024, 07:30:34 AM

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?

Meme coins are altcoins too and most altcoins are still a complete waste of money, now it is clear that with so many people being interested in them, that some success stories will appear, which will inspire other investors to follow on their footsteps.

But those profits do not come from nowhere, in order for those monster gains to appear, others have to suffer monster losses as well, and when you add that it is almost impossible to predict which meme coin will succeed, it is not surprising that a great deal of the community still has huge misgivings about investing in meme coins.

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.

Best-mary

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Quote from: JeromeTash on March 16, 2024, 04:57:59 PM

But meme coins are also alternate cryptocurrencies or tokens in case you didn't know

Solana is currently a very active place with all kinds of shitcoins. I spotted Solchat and solcard right before they exploded Grin

. Those are the only two tokens I was confident to buy. Most of them don't even have a mere website and social media channels and are just possible rug pulls.

Oh wow, you also came across SOLchat? That's interesting. I do have the feeling that the project will be awesome. Did you check website as well? They were talking about something airdrop but with a little task...

You see,I saw this when I was researching on BOME, for me I don't think there's much hassle in finding different alt or meme, one could be a blessing of another

Best-mary

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Quote from: nelson4lov on March 16, 2024, 06:50:46 PM

I miss the days where every token that launches/goes live actually originates from Bitcointalk altcoins section. These days, any random person will just launch as long as there ia initial liquidity to power it. That's the beauty of crypto since it is permissionless. It also means that there is limited alpha. I didn't get in on Bome but I've heard rumors that it was a coordinated among some whales — "cabal coin".

OP, how do you spot new memecoins? Do you have like a step by step guide? Maybe it's just ill-luck but majority of memes I bought in the past ended in deep red. Say around the margins of 80-90% negative value drops.

I do have, but that will be a topic of another day if you don't mind. This particular memecoin, to be honest, I'll say I did extra research to know what it is all about to know why it was developed because I never see a good sense in it. So when I went over on twitter and saw that they made an announcement that it will be listed on exchanges. Then I saw that Bitget is the first cex that listed it, made BOME rise to that percentage I wrote then other cex started listing then Binance the last to list which gave it more fuel to the price

Best-mary

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Quote from: God bless u on March 16, 2024, 03:35:50 PM

Look it has been a part of a long history that people are trying to make profits from Meme coins but they are so unpredictable that they can't you know forced on Investments.

once you invest into the meme coin then it's not sure that you will get back profits on investment. they are so volatile that they can just pump 10 times in a day and just on the other hand they can just crash your portfolio. so some stories have good opinion for meme coins because of profit on that and mostly people don't get profits so they don't prefer and don't recommend to invest it depends upon case to case study whether you like to invest on me coin or you you just run away from the meme coin.

Meme coins are a good option to invest but to study their market value and predict whether it will pump or not it's so you know unachievable and in practical so most people due to lack of skills avoid it.

Oh yes, you're highly welcome also be very much careful on memes you buy, check if they're rug pull or not like doing more info then check if there's anything concerning the developers talking about getting listed on a cex just like this BOME did and it did over that percentage because of how it all started

fapar

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Quote from: Best-mary on March 16, 2024, 11:05:40 AM

Quote from: fapar on March 16, 2024, 10:04:43 AM

This is a very subjective opinion. If you are trying to make quick money, then memcoins theoretically provide such an opportunity. I won’t say that the ratio of successful memcoin projects is approximately 1:5, IMHO. You can simply find yourself in a situation - and if we are talking about memcoins and other shitcoins on Solana, then it is almost guaranteed - when you buy this dubious coin after seeing a “green rocket”, and then only a quick fall to 0. Altcoins are different in nature, they were created either as digital shares (tokens), or as a means of payment/incentive within the project, or generally represent the native currency of the chain. I would never compare them in any context.

I won't lie but we know that's what 80% of crypto lovers do here. To make money! Including me, you see this profit I have from this memecoin, I'll rotate it to Any altcoin that haven't started having its peek, when that one does something different too, I take the profit and dump it on BTC. End of my money circulation

In this case, you have chosen the right strategy, although I adhere to more conservative views. Yes, memcoins and their creators do not feel the burden of obligations compared to full-fledged altcoins. "Just for Fun" was created. I tried some tokens on Solana to make quick money - solscan + bonkbot + telegram channels - but I realized that in this case you need more involvement and enthusiasm than I currently have.

Reatim

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To be honest there was a time where I would also have said that memecoins
Were basically useless and a waste of time. But we are seeing coins like doge
and shiba inu doing well and I also think they are profitable coins to invest in.

Memecoins have now changed their strategy but they are still altcoins and altcoins
are still risky and volatile. The key is to choose the best possible coins and make the best possible decisions.

wxa7115

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Quote from: Best-mary on March 16, 2024, 07:30:34 AM

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?

Meme coins are altcoins too and most altcoins are still a complete waste of money, now it is clear that with so many people being interested in them, that some success stories will appear, which will inspire other investors to follow on their footsteps.

But those profits do not come from nowhere, in order for those monster gains to appear, others have to suffer monster losses as well, and when you add that it is almost impossible to predict which meme coin will succeed, it is not surprising that a great deal of the community still has huge misgivings about investing in meme coins.

Belarge

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The market is open for everyone, not just statistical data but also encouraging people earning profits. There's more to know about the system, I know how difficult and challenging it will for newbies to quickly row with the system. Memecoins are the trends we're talking about when it involves bullish run ups. I've been in positions to entrapped my losses and pictured them to transform to profits in the space. Altcoins are the same thing as memecoins, don't get it twisted but the trending coins that found itself on the lips of every trader and investors are preferable called memecoins.

Bureau

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Quote from: Troytech on March 16, 2024, 07:09:59 PM

Firstly meme coins are under alts, if you don't understand what alts are; which means any project, coin, token aside from bitcoin which is the real deal.

You are lucky that your investment in a meme coin paid off and you should leave right away cause they usually end up real bad after the bull run speaking from experience, meme coins have no real utility neither are there solving any problem in the crypto space, there are just built for the mere purpose of making profits and most of them are used as rugpulls by scammers cause they offer huge profits from them.

Better next time you stay away from them.

As per my understanding anything apart from Bitcoin is considered altcoins. I would then consider meme coins as an altcoin. There are others who consider them to be joke coins or shit coins.

Infact investment in meme coins again is becoming profitable. The duration is small and if investment is done correctly memecoins are giving insane returns on investment. There is nothing wrong in earning profits as everyone is here to generate profit on thier investment.

shinratensei_

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indeed there are various meme coin getting into the market and get massive increase just like that out of nowhere no reason at all but suddenly everyone invested in it, make me confused how people are so bullish about certain meme coin but not the other meme coin how that works still baffle me

on the bright side, so many people are profitting big time from this BOME but for those that late unfortunately you shouldn't buy other than being an exit liquidity but certainly there are still many ways to make profit probably to hold when the price dipping and wait until there's next big rally with bitcoin maybe it can become profitable for long term.

personally i don't really like investing in meme coin long term i like to invest short term buying when the price is rather low and just dump it when the price is high.
thats my strategy with meme coins in general, but this book of meme coin definitely caught me off guard that I don't have any chance to buy when it was still early.

Zaguru12

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Quote from: fapar on March 16, 2024, 10:04:43 AM

if we are talking about memcoins and other shitcoins on Solana, then it is almost guaranteed - when you buy this dubious coin after seeing a “green rocket”, and then only a quick fall to 0. Altcoins are different in nature, they were created either as digital shares (tokens), or as a means of payment/incentive within the project, or generally represent the native currency of the chain. I would never compare them in any context.

No matter how we try to differentiate it any coin that’s not a bitcoin is an Altcoins so the memecoins also goes into that category of an altcoin. The Memecoins are just pure pump and dump coin and only last longer depending on their hype around the market or how the developers continues to drive it. The memecoins are mostly gotten advantage of by early investors which are mostly insiders or their famers who we know engage daily on them and could have found them worthy. When this coins are known the hype drives them up and as more People jump on it they tend to pump until the hype dies down. This memecoins are personally to me should be treated as a pump and dump coin and never as a long term hold and even if one decides to go in either long or short it should be with a coffee money as they risk is high just as the return.

With the hype currently on Solana, I expects its memes to do well this bull run just like ICO projects did in the 2016/2017 or 2020/2021 bull run

2Pizza410000BTC

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If we look closely, we can see that lately people are getting the highest returns by investing in meme coins. The amount of return people are getting by investing in meme coins is providing money for their lifetime. If we look at the market, we can see that two meme coins have entered the market in the past few days, namely Book of Meme (BOME) and Dogwifhat (WIF). These two memes have given people the amount of money that has made them millionaires. 'Book of Meme' (BOME) has pumped over 32000% in just a few days, so imagine how much people have profited from it. Dogwifhat is another meme coin that was almost worthless when it hit the market in late 2023. Notice how much this coin is pumping in the current market. That's why I think meme coins are giving people the most money returns these days. One who is favored by fortune becomes the owner of millions by investing in meme coins.

Troytech

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Firstly meme coins are under alts, if you don't understand what alts are; which means any project, coin, token aside from bitcoin which is the real deal.

You are lucky that your investment in a meme coin paid off and you should leave right away cause they usually end up real bad after the bull run speaking from experience, meme coins have no real utility neither are there solving any problem in the crypto space, there are just built for the mere purpose of making profits and most of them are used as rugpulls by scammers cause they offer huge profits from them.

Better next time you stay away from them.

nelson4lov

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I miss the days where every token that launches/goes live actually originates from Bitcointalk altcoins section. These days, any random person will just launch as long as there ia initial liquidity to power it. That's the beauty of crypto since it is permissionless. It also means that there is limited alpha. I didn't get in on Bome but I've heard rumors that it was a coordinated among some whales — "cabal coin".

OP, how do you spot new memecoins? Do you have like a step by step guide? Maybe it's just ill-luck but majority of memes I bought in the past ended in deep red. Say around the margins of 80-90% negative value drops.

Yatsan

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Hype indeed, and the domino effect. There are few successful meme tokens such as $PEPE, DOGE, and SHIB who 'made' their names acknowledged in this industry. The bullish pattern recently also have lead to huge price increase rate on these coins and that is wher hype originated, I think. Many meme tokens on dex are succeeding upon its listing and same thing continues with the new ones. Hype is demand, and demand simply is a factor for a price increase. High rate of increase leads to higher earned profit. However, meme tokens and other alts are only for short term. Most of the increase are due to hype and manipulation from big investors so if you're an investor of these token, always be on watch and never miss a thing on their price behavior since decline will be always a risk from time to time. If a market price moved upward quickly then expect for the same thing with crash.

Adreman23

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You are fortunate to have caught a meme coin that pumped to such heights. But the biggest question here is which meme coin will be the next to pump like that bome. Everyone wants to profit, and who wouldn't, but not everyone is lucky enough to choose a gem of a meme coin. Personally, if I could predict the next memecoin to pump, I'd go all in. But it's not that simple, Op.

PrivacyG

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Meme Coins are making some people a bunch of money. But they are also making a TON of people poorer.

Timing the Market is extremely difficult generally. Particularly if you are choosing to time the Cryptocurrency Markets. So most people get it right once or twice and then mess up badly. It gives you a false feeling of being capable of timing the Market every time, until you time it wrong and you lose every thing you earned AND part of what you had before. And this is the semi positive outcome still.

Stay away from extreme volatility. It always means insane risk.

Bushdark

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There are many meme projects in the market and we just need to select the best because making the mistakes of buying and holding the wrong projects could cost us lose of funds or waiting for too long before we starts making profits from our holdings.
There are also altcoins that are moving well even more than the meme but it's all about community and the potential of the project team to keep doing marketing and promoting the project to keep surging higher.

Topic: Memecoins Making people more profitable than Alts - page 3. (Read 601 times)