Topic: Nothing but a mathematical fraud. (Read 361 times)

Unfortunately there is a great deal of people which choose the shotgun approach and match with every single person near them in the hopes of getting a match, and they do the same when they invest hoping that one of the coins in which they invest makes them a fortune.

However with the thousands of coins which are released on the market each year even such approach is unprofitable, as the majority of the coins out there are just scams or mediocre projects, which is why we try to keep discouraging newbies to invest in meme coins, and newbies keep ignoring us and then they suffer the repercussions of such shortsightedness.

People are looking for the next meme coin this cycle after Shiba Inu made it at the top during the last cycle. I've never been a fan of meme coins but last week I was tempted to bet a little amount. Not for long-term purposes of course but it's more of a gamble with the money I can afford to lose. So I included it in my watchlist. This week I am supposed to DYOR this meme coin but upon knowing that it is already valued at $600 million, it is a "No" for me. I don't care if it was listed on Binance. I also heard that this meme coin is also listed on one of our local exchanges here.

The market is down and there are a lot of potential altcoins that are cheap to buy. I would rather choose from them than a meme coin that is already valued at $600 million.

Those memecoins are weeding out all the people that should not be vested in serious projects.

It's best for them to lose now and return when cryptocurrencies are fully implemented seemlessly in the world.

Crypto never sleeps and will continue to do its activities. Many new altcoins keep popping up and are now enlivened by the unstoppable memecoin. everyone wants to get instant riches from memecoin, but they don't know the risks. the risk of losing even more would be enormous. will be healthy as played and will turn to be too frantic and too greedy when it starts to enter. so a healthy psychology is needed and management also needs to be done.

You know what they say, "crypto never sleeps." But before we start investing in altcoins, we have to do our homework first! It's like choosing a date, you wouldn't just swipe right without checking their profile first, would you? Same goes for crypto, check out the project and the team behind it before you swipe our hard earned money. And remember, while some may get lucky with a meme coin like PEPE, it's not always rainbows and unicorns in the crypto world. So maintain our common sense and invest wisely, my friends.

If Someone Wants To Upgrade, Don't Sell Your BTC for Meme Coins.

Many investors wants to join the ride thinking it would be profitable to invest in the current hype coins regardless of if it has use case or not. What matter to them is the profit they can possibly get, while ignoring the risk of losing their money.

Well, I missed to invest on this one but I already tried to invest in meme coins before. It is profitable if you're lucky to take profit during peak price but it's quite risky. Many investors lose their money for being late to sell or because of greed wanting to gain more. Hence it is not advisable to invest in meme coins because it has no real use case to be sustainable. If you like to take risk then only invest what you can afford to lose because it is not similar to established coins whereas it can survive even the market is bearish.

In a way you have a point, if the developers behind a meme coin are clear and honest about what they are trying to achieve with their meme coin, then as much as some of us may not like it if such a coin succeeds we will not be able to say anything about it, except that we would never invest in such coin.

However this is very rare, for what I can see the majority of those which release those meme coins make promises about the performance of their coin, like their coin becoming the next shiba inu or having a 100x potential, and without a doubt this is a case of misleading advertising, as a great deal of the meme coins out there will never give that kind of performance to anyone that dares to invest in them.

I stand aside from the resonance it creates with its supporters and opponents, although I don't like it, but I don't hate it either. The diversity of the cryptocurrency market makes it possible for us to decide for ourselves what comes out. Honestly it doesn't surprise me how popular it is in such a short period of time, the strong and fast spread is a shady way of attracting me to how many people approach memecoin, I don't want get enticed and don't want to entice anyone to invest with these either.

well, that's their respective perception, if you think of this as mere mathematics, I don't think so because the investment here really buys with money and decisions that are ready to take risks for targeted profits. yes, some projects are sometimes prepared to deceive their investors, but we really know that that is the risk in investing here.

You can see PEPE developers have employed tactics that may seem questionable, using a mathematical approach to draw in potential investors. While it doesn't address any significant issues in the crypto space, the fear of missing out (FOMO) has played a significant role in its popularity. Claims of astronomical returns, like turning $26 into $1.2 million, seem too good to be true, and without solid evidence, skepticism is warranted.

Some investors who put in $50-$100 reportedly made $8,000 and cashed out, which is a substantial gain. However, it's puzzling why certain wallet addresses didn't take profits and are now sitting on millions – especially with a meme coin like PEPE. It's possible that the developers themselves are buying the token with small amounts of money, while the wallets that took profits early on are likely the actual investors. It's essential not to be fooled by these tactics.

Yeah, read it somewhere, I don't know if this is true or not though, not interested.


That's how it is though, just imagine, small investments like that and you take that risk, and it turn out that you gamble and win. So obviously they will have to cash out and enjoy their winnings. That only happen to a lot of meme coins, like Doge and Shiba in the beginning.


Why not? but the problem is how early you gonna be a bag holder for this kind of meme coins? If you are late then you might profit but not that huge. So it's better to just invest on project like BTC and Ethereum. It's safe and you just have to have that mental toughness to go to a  bear and bull market. And it's somewhat enjoyable and it's going to be worth something in the end.

That doesn't really mean anything. Or at least it means different things to different people depending where you are coming from. If you are a bitcoin maximalist everything but a bitcoin is a shitcoin.
You can believe that coins without purpose are shitcoins, that are fixing if they aren't fixing a problem they are shitcoins. This however leaves us with a question, what is a problem worth fixing with a blockchain. As one could say that most of them are made up-
Then there is a group o people saying that meme tokens/coins are shitcoins as they only serve the purpose of pump and dump. But how that's not a worthy purpose next to other ones that are claiming that they are fixing healthcare or whatever. Those are that selling snake oil that's never going to be adopted.

When it comes to altcoins, it's all grey area. Least meme tokens are honest about what they are solving.

Shitcoin is shitcoin no matter who peddles it. Period.

Has OP changed their opinion yet? When binance accepts a meme token immediately it's clear that this team obviously had some highly influential connections and early holders.
In this space it's all about who you know. No matter of the fundamentals, if you get right people from the start you can create a phenomenon out of nothing. Just like Pepe did.

I am still regretting buying a wrong pepe in solana chain and not waiting for eth based meme token. But then again, no one would have known, exept maybe the devs who lured in right influencers.

This is how it works and they already know how they will execute such plans before they release their coins, that's why you really need to be careful when it comes to altcoins because there are lots of hypes and foolishness going on around, especially with the said kinds of coins. Shitcoins are only there in the beginning and when you look at them, you might gonna just think of them as legit coins but the reality comes after the hype because no one will ever talk about it except for those people who didn't sell their coins waiting for more price increase which will never gonna happen again.

There is not really any reason for this to happen at all, this is just like someone that wins the lottery and then they try to find a reason why this was the case and they even develop a method they share with everyone else, the truth is they just got lucky and there is really no reason for their sudden fortune.

The same is true for this coin, people are going to spend sleepless nights and countless hours trying to find out what made this coin different, but they are simply wasting their time, because there is nothing that makes this coin unique, they just happen to win the lottery.

There was one before but I forgot the name. SPRG or something near it. From cents to thousands of dollars but it only happened in a blink.
The coin was listed in Yobit and we all know what kind of coins are mostly listed there. Mostly shit or worst scammers coins. Before, they are not called meme coins, just dust coins, or shit.
It happened before and is still happening now and a lot of investors are still biting this get-rich scheme. I don't understand why they had not learned their lessons. It will keep on happening, with no project to support it, just a coin made for fun, or an experiment of some developers that are hunting for money.
Let's avoid this and I am sure they will stop if no investors are foolish enough to buy it.

I don't like investing in shitcoins.  If I don't see the latest innovation or some brilliant idea in developing a project then I assume it's shitcoins.  I'm aware of the bidding that PePe has made but in my view it's not something I would invest in the project.

Since Elon Musk made that tweets about Dogecoin like 2 years ago or so, we are witnessing that crazy wave of useless meme-coins. I agree with you, that PEPE just like every other meme coin is solving no problem and is also not generating any new use case or something like that. It is just another useless shit coin. From time to time though it happens that one of those shit coins is able to create a lot of attention for whatever reason. PEPE apparently was one of those. I don't know why though.

Meme coins like PEPE can be highly volatile and unpredictable, with price movements driven more by social media hype and market sentiment than by any fundamental value or utility of the project. While some investors may be able to make significant gains in the short term, it's important to remember that these gains can quickly evaporate, especially if the hype dies down or if there are any negative developments related to the project.

I'm sure there will also be those who are tempted to jump on the bandwagon of the latest coin meme, It's true as you say Many of these coins are designed as a pump and dump scheme, meaning that only a select few will make significant profits while the majority of investors lose their money.

New meme coins are designed for pump & dump. And if you are close to the dump organizers or the team, then you have a good opportunity to make a profit. In all other cases, you will be the one who loses your money. But to reduce your losses, you can use a stop loss.

What is it ?

Although when reading the content you shared about PEPE I did think of the problem that this market always has such low quality stuff and many people try to exaggerate it to make a profit. It is understandable that in the context of a period when the market is not very prominent, damn products are formed to bring a less gloomy atmosphere, although the current market seems to have many positive signs than at the end of 2022, but overall, memecoin is still one of the easy ways to attract people who like quick and risky profits, it's like a gamble or multi-level models.

In conclusion, investing in a project like PEPE or any other cryptocurrency requires thorough research and analysis. It is essential to consider the project's features, team, and long-term potential before investing any money. Moreover, investing only what you can afford to lose is a prudent approach, given the high risk involved in the crypto market.

The psychological manipulation game hits people's greed, many people just look at the numbers and the profits described without really seeing the true nature of the problem what it is. In addition to the illusory hype, after grasping the time to catch the money flow into the market more easily, especially when many developers realize the event after the ARB airdrop, there will be a lot of money to spend. distributed to many other projects. And the fact that many people are inexperienced they just like to profit but have not experienced the difficulties in this market, and the lessons that I think about scams,... will all be experienced by everyone entering this market.

What those people miss is that it is precisely their attitude of buying a meme coin late what causes the price to remain high, if someone is interested in investing in a meme coin, something which I personally do not recommend or endorse, then they need to do so at the early stages when the price of the coin is really cheap.

If they wait for the meme coin to become popular then they have missed most of the positive movement already and the chances they become bagholders go up significantly.

A lot of people said the same thing when SHIB come out and made crypto newbies millionaires. When it's just a memecoin, anyone will ignore it until they see the price is jumping to the moon and then they run fast to buy billions of the token thinking it will be pumped more because, in the rich list, there are more holders who forgot to sell.

It may not be over yet but it will take months again before you will see price spikes of PEPE so don't bother buying because another memecoin like Doge will go up the next or it could be Floki Inu token.

No, I do not invest in shitcoins or meme coins. I would not even call buying those as an actual investment but rather some form of gambling. First you need to gamble and put the money in the coins you think are going to moon. It is like playing mines on an online casino.

In the case you got lucky and the shitcoins you picked started to pump heavily, then it turns into a match of crash, where you need to decide when to crash out before the coin gets flat lined, sometimes it can be very unpredictable, since the developers could also decide when to pull the rug.

Those projects are mostly scams and their own economy of the protocol can be in control of the own developers so they can manipulate the volume. It is better just to stick to Bitcoin and reliable altcoins, if you ever feel like gambling just take a look to the gambling section here in the forum. 

In order to create hype, a certain kind of show is presented, but in reality, it is very rare. Some people think "if only I had bought some coins, I would have made a huge profit today," but we should remember that only one out of a hundred coins experience such a pump. Otherwise, most of these coins experience a rug pull very quickly. Now, be aware that many new coins will come out using the name "Pepe," but you cannot expect miracles from them. So, be careful and do not get trapped in the greed for big profits.

I do not regret a thing either, all kind of coins pump all the time, but this does not mean this will continue for the long term for this coin or that the coin is any good.

Right now people are talking to no end about this coin, but the same was true for many other coins which got their 15 minutes of fame and then disappeared leaving a bunch of bagholders behind that regret investing in that coin, so despite the big profits being given by this coin I do not feel that I am missing anything, as there is no way I would have ever considered to invest in that coin.

This is what you call a well-orchestrated scam by meme coin, they know shilling, they know market manipulation and they know their prospects, they know how to instill FOMO in newbie investors and most of the time they succeeded and this meme coin is just one of them.
I stopped investing in this meme and hype coins I have bags of these sitting in my wallet and it's just so annoying you invest because of FOMO and now you can't sell it.
As long as there are people who cannot differentiate FOMO from a legit project, we'll see more shitcoins in the market, it's a cycle that never stops.

Breaking News! Just like many other shitcoins around... Hello?

Nothing new. It's just a pure gamble. The lucky few make abnormal profits while the rest end up holding bags

Personally, I would rather stick to my trading and DCA on well established coins. I am not the get-rich-quick kind of person.

There's nothing new in that, there are hundreds of memes and shit coins created every month, some of them manage to surface and get noticed by the community of people who think cryptocurrency is a get-rich-quick scheme and they start investing and also inviting their friends, and families to invest and that is how the hype starts to get real.

Once the price reaches a certain area, the initial investors surely exit with profits but the ones who enter late get stuck forever with millions of useless tokens kept in their wallets idle for years to come since the token is literally nothing more than crap.

Where did you get the data? Did you pick it from the chain or the charts? You do realize that coingecko and coinmarketcap records the price only after they get listed there. There are coins that have traded days or weeks before or if they are even listed in.

Here's the link to one reddit thread and a screenshot, i would like you see your research as well


Would i invest this now? Hell no. Would i have invest this if i've seen it earlier? Well i literally invested to Pepe Solana before this so maybe if i would monitor eth token launches. But i wouldn't have holded to million.

A project like PEPE are high-risk high-reward project, you can make a lot of money as well as loss a lot at the same time. Maybe the millions part was exaggerated a bit but from what I heard, some people really made the bank with pepe.
When you are lucky to get into a meme that has lots of hype and pumped so high you will then understand why the noise is much and why some people are pissed they missed out on such an opportunity, they can literally make good money with little investment, that's what most meme coins do.

People will always put there money into get rich quick schemes, they have for eons not just with crypto but any kind of scam.  Even when they know it's a scam they still cross their fingers and throw it in the middle.  Simple word to describe this, greed.  So long as there is a story of one person hitting it big there will always be followers.  Sad because most will just lose their money.  It's a zero sum gain.  For one person to hit it big many have to fall victim. 

I missed the $Pepe train but what people failed to grasp is that for every $Pepe token, there have been several hundreds of Meme tokens where they were rugged. I don't cry about losing money because I failed to grasp one opportunity because I am sure there will be another one to capitalize on. I just have this feeling about the $Pepe token that it is likely going to be one of the successes of this bull run, just like $Shiba did in the last bull run

You will always find the person who love to gamble.

Nothing can't handle that, one of the problem of investing is like this. Because people want to profit with a short time and they choose a scheme like this.

Never touch any kind of meme, If you don't want to lose.

Don't dismiss the possibility that some people may have forgotten they bought this token before using an old wallet they seldom check. You may also find it hard to believe that there are a few individuals with "diamond hands". I believe there was even a Shiba Inu holder that became an instant millionaire but he didn't cash out.

Not new thing happened on scam tokens sections since once there is a shitcoin became famous due to the hype it gets the other devs will create a same name with a twist just to get the attention of other investor. They also make believe that there's something cool stuff will happen to their token the same on what they are copying. To risky to invest on such things and much better not to think any of it to save up some cash.



Nope I won't, this is classic scamming by token creators and will not let myself fall into this shit trap.

I am relatively new in the cryptocurrency industry and I don't have much experience in trading other coins. I think the best option for me currently is to focus on Bitcoin and overlook other coins. The technicalities and intrigues of most of these coins are hard to grasp and I am not ready to engage in them. Congratulations to those that got some profit and sorry to those that lost but I would never have invested in the coin because it looks like a Ponzi scheme. Although Bitcoin looks like a slow means of getting a profit but it is better for me because it has been dependable and consistent. I will keep holding until the bull run.

They are several things I have tried to avoid since I got involved in crypto and that is thinking about a missed opportunity. I only got to know about the so-called PEPE token only a few days ago and that's because I don't follow news about new altcoins being released into the market, but assuming I heard about it on time i still won't have been able to make good profit from it because I still won't have invested large amount in it since it's a meme coin and I don't like buying meme coins. This is not the first meme token we have seen that gave investors good profit and I'm sure it won't be the last.


It has already begun if you go to coinmarketcap > New, you will see so many tokens with the prefix or sufffix "PEPE' and I'm sure they where created by some random dev hoping to make some money with the current "PEPE' trend.

i don't invest in shitcoins.

i do on occasions collect the giveaways and airdrops that too very rarely.

but only to sell and convert them to bitcoin.

and therefore, i don't know nor care what is happening in that shitspace.

btw, since this no way related to beginners or help, i think it will be moved soon.

It's funny how people around you just pissed and ruined my day because they missed the crazy gains from PEPE, a shit meme coin that's making some noise online since two days now, it really got people good  I mean those who missed out.

I am not surprised at all because PEPE devs or team, whoever they are used mathematical scam to deceive those people, PEPE solves no issue we are facing in the crypto space, not a single one, yet people FOMoEd

Some people claimed that 26$ was invested and turn 1.2million dollars, but from my own findings I don't think it's true and there is nothing to prove it either.

I was able to find out that those who invested 50$ to 100$ where able to make 8,000$ and they cashed out, very expected from a human, that's already a big gain, but some wallet addresses failed to take profit and now they are sitting on millions, who does that? With a meme coin.

I believe that the Devs are the ones using small amount of money to buy the token themselves, those who are really from investors are wallet that took profits before the millions of dollars gain became a thing. Do not be fooled.

Apart from this, PEPE has now opened a deceiving portal for investors, many will crave for a project like PEPE and the crypto space will witness a new numbers of King PEPE, PEPI INU, BSCPEP, PEPE Finance, something with PEPE name.

What do you think about this project madness? Will you dare invest in a project like this?