So we've gone from 1 meme coin to one hundred now ? - page 3.

KaliLinux

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Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! Grin

But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Well, I guess this is the reason people still insist on investing in all these shitcoins because somehow they still make some profits from them and in a few cases made serious profits too but let's not forget that more meme cons investors are not that fortunate in this investments, however, we are all on a different level of risk tolerance.

Semar Mesem

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Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! Grin

But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Many people always think that meme coins are useless coins because they are just a series of numbers on the network, but I think as long as it is profitable then I will enter, in investing of course we must always be brave to take risks, and what Doge and Shiba have achieved so far this is hard work from the team and of course the support of the community.

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Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! Grin

But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Well, it's a common thing like there's one metaverse project then a lot of new projects adopt metaverse features as their main selling. Since Elon did some tweets about meme coins a lot of people take the opportunity to make one and I see that a lot of meme coins only have a simple feature in them like a burning feature.

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Quote from: icalical on August 03, 2022, 08:09:30 AM

I think we should blame Elon Musk for this storm of Meme Coin, he pump doge and shiba and suddenly everybody creating meme coin. And as you can expect many people willing to risk their money in something that does not have utility at all. Luckily this doesn't evolve to larger FOMO like how ICO, DEFI and NFT, only few of those meme coin that actually have significant market cap now.

Why would you want to blame Elon, what he did wrong. If to blame, blame it on our greedy nature, we don't research before investing, we want to get rich without doing anything. It is purely our greed.
Not only Elon, but when investing, we should not listen to or trust anyone. Memecoins existed before ELon invested in them and used them as a manipulator for profit.

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Quote from: Len Saldua on August 05, 2022, 10:47:19 AM

Not to brag but my meme coin has made me nearly $500 already. I'm beginning to get worried. Undecided

that's good to see that and so your profit can also decrease anytime. You shall try to convert a half from your profit to the stable token but what about when it will be going down? meme token can go up easily but it can also go down like a rollercoaster in day. learned from so many meme token in the market if it can go up drastically but dumped like a rocket that was going back to the earth again.

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Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! Grin

New memecoins at the pump and just dumped, i see a lot of memecoin ending in rugpull but new investors use this hype for profit, i don't see new memecoin project has utility that can be used for the long term, every time the project keeps coming and offers tokenomic that looks profitable, be careful when chose memecoin because many of those projects ended in fraud and harmed investors.

Len Saldua

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Quote from: tvplus006 on August 05, 2022, 11:23:21 AM

Have you tried to sell your coins in order to talk about profit? You may be surprised, but it happens that the smart contracts stipulates that you will not be able to sell them, or transfer them, since they are blocked for a certain period or forever. In such cases, the price of the coin is constantly increasing, since no one can sell.

Yes, I mistakenly sold a small amount the first day I got into it. Converted about $200 into USDT so it can be sold at any time.

coinerer

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meme coin investment is high risky you can lost your 100% amount by investing in meme coin . I think it will better for you if you avoid investment in meme coin . You can choice another good coin for your investment like bitcoin, Ethereum and anything else

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Quote from: Len Saldua on August 05, 2022, 10:47:19 AM

Not to brag but my meme coin has made me nearly $500 already. I'm beginning to get worried. Undecided

Have you tried to sell your coins in order to talk about profit? You may be surprised, but it happens that the smart contracts stipulates that you will not be able to sell them, or transfer them, since they are blocked for a certain period or forever. In such cases, the price of the coin is constantly increasing, since no one can sell.

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Quote from: Len Saldua on August 03, 2022, 09:30:07 AM

Just because a project has some real utility it doesn't mean it can't fail... and by the same token, a project with little utility can take off like a rocket under the right market conditions. It's crypto guys, anything can happen ! ( As I write this, my meme coin has made me a nice $130 profit in only 2 days ! )

Yes, you are right. The top projects also do not guarantee a profit for us, just like Luna and meme without utilities can also bring huge profits to us. Since it's the crypto market, anything can happen. but investing in memes is not recommended because the risk is more than the reward so people don't like to invest.

inanilujimi

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Know that playing meme coins in the bear market is tantamount to throwing money away, to be honest you are very lucky to get a quick profit from these meme coins. meme coins will only be good to hold during a bullrun market, but if you are ready to accept the risks it is true there are meme coins that will be pumped but the probability for me is 1:1000

Len Saldua

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Not to brag but my meme coin has made me nearly $500 already. I'm beginning to get worried. Undecided

virasisog

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I don't think meme coins are still worth the investor's trust because I don't see their real function. They're mostly only carried by the hype and mostly unreliable. It's better to risk in well-established coins than the hope of gaining a higher profit in meme coins. I think they're just worth buying if the coin is making a noise and just take advantage of it.

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I just believe with Dogecoin and Shiba INU meme coins will be good for long term storage. Although there are currently many similar meme coins, they only follow the trend, usually the hype doesn't last long because it's just a pump and dump. While the original meme coin really has a strong community without being controlled by the meme project team itself.

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it's like buying rugpull coins I guess. I'm not saying all those meme coins will rugpull, but usually criminals will always take advantage of the trend to take advantage ruthlessly. Very lucky people who know how they can exit faster when they have made a profit.

Len Saldua

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Just because a project has some real utility it doesn't mean it can't fail... and by the same token, a project with little utility can take off like a rocket under the right market conditions. It's crypto guys, anything can happen ! ( As I write this, my meme coin has made me a nice $130 profit in only 2 days ! )

icalical

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I think we should blame Elon Musk for this storm of Meme Coin, he pump doge and shiba and suddenly everybody creating meme coin. And as you can expect many people willing to risk their money in something that does not have utility at all. Luckily this doesn't evolve to larger FOMO like how ICO, DEFI and NFT, only few of those meme coin that actually have significant market cap now.

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Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! Grin

But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

Yes many Memecoins launched in Six months. Some was just to rugpul while other still remains in market and people still they will make million by investing bin these coins like Safemoon,Baby dogecoin etc.
I think first if all no one should put money in these coins but if anybody wants to take risk then I think Doge and Shib is best because listed in Top exchanges and there is chance of big money flow from Whales.

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Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! Grin

20% in one day is high already but it is a memecoin and most of the memecoins have low market cap meaning it is more prone to pump and dump.

Quote from: Len Saldua on August 02, 2022, 02:27:22 AM

But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there

I disagree, the best gains are made when you are holding Bitcoin for a long time Tongue

. I'm a conservative person that's why I'd rather choose to invest into Bitcoin than investing in a memecoin.

On the other hand we are the same that will not put any money into DOGE, Shiba or into any memecoins. I tried investing into one memecoin but only a small amount and I ended up losing all of my money into it. Just focus in Bitcoin and Ethereum and you will be safe

Len Saldua

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I don't really see the point in putting your money in Doge or Shiba. They are ranked 11 and 13 respectively, so what are you expecting ? Do you think they will move up to 5th or 7th spot ?
If I want something safe, I'll put my money into Ethereum or Bitcoin, or even Tether or USDC.
A meme coin is never gonna be a "safe" investment... but with risk comes potential gains so this is the way I see it.
By the way I have also invested in other more reputable but low market cap coins like Star Atlas, which to be honest, have not made me any real gains or even made me some losses... so anything can be a loss in a bear market.

Topic: So we've gone from 1 meme coin to one hundred now ? - page 3. (Read 719 times)