Topic: So we've gone from 1 meme coin to one hundred now ? - page 4. (Read 719 times)
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With Shiba's popularity at the beginning of its launch and finally getting its current price, many meme coins have been launched. We don't know what the developer's motive was following Shiba's popularity and we can only guess. Maybe they thought their project on the meme coin could also get the same popularity as Shiba's. But it's different because their project has to be able to compete with other meme coins and nowadays, there are a lot of meme coins that want to get a good position in the market list. Also, we don't know which meme coin will increase so this is already a kind of speculation leading to gambling. If you're not careful and stick with meme coins to invest in, you might be disappointed that there aren't many meme coins that can increase high.
If you noticed before when Shiba Inu started, after that there are a lot of meme coins popped and for most of the chain or network, there is/are different meme coins just like on Solana which is SAMOYED coin, and more. A lot of people make a good profit just by buying random meme coins before and also a lot of people lost money because they are already late to the party.
You're lucky enough. So many people have been suffering huge loses caused by they can't even trade their token after they bought it from the dex. You can repeat this trick but it will not always working. Sometime you must accept if you are facing a scam token. more than 90% of meme token was scam token. Only a few that can still be trusted but mostly of these kind of tokens created by bunch of scammers. I just wanna tell you if you must be aware about that. Scammers are everywhere right now. You luck may not come again.
Well I'm hardly a newbie since I've been in the space for just over two years, so most of my money is well allocated. The meme coin I was referring to has less than 1% of my total capital, in fact, close to 0.5 %.
I did not put any Tether or USDC money on it, I simply traded it for an underperforming token that was supposed to be good. I know we're in a bear market, but this token kept going down lower an lower, even during the recent BTC mini rally, where everything was in green. So after comparing various other coins, I picked one that had pretty good token performance ( going several weeks back ) and did well during the bull run last year. It happened to be a meme coin but apparently highly volatile so I thought I'd give it a try. It's ranked close to #600 so it should do a 5X at least, maybe by next year. If I see enough hype around it I may try for a 10X and cash out.
I did not put any Tether or USDC money on it, I simply traded it for an underperforming token that was supposed to be good. I know we're in a bear market, but this token kept going down lower an lower, even during the recent BTC mini rally, where everything was in green. So after comparing various other coins, I picked one that had pretty good token performance ( going several weeks back ) and did well during the bull run last year. It happened to be a meme coin but apparently highly volatile so I thought I'd give it a try. It's ranked close to #600 so it should do a 5X at least, maybe by next year. If I see enough hype around it I may try for a 10X and cash out.
Well my unremarkable meme coin just made me $100 on the first 2 days. 
Not saying it's a solid investment but... it's made me more money than some of the "better" coins out there.
Not saying it's a solid investment but... it's made me more money than some of the "better" coins out there.Essentially, memes are pumping and dumping games, memes are created for the purpose of defrauding money from market newbies, it does not bring any value to the market.
The fact that you have made a profit investing in it shows that you have been lucky, but that luck will not last forever, so be careful, and don't be greedy, as you will get bitter results if you do.
Although there is a lot of advice here about memes, you seem to be very arrogant for profiting from memes. I hope you won't come back here screaming at us when you lose your money.
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 !
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
So you are talking about low caps? Gaining from it? Then its good for you since not all would really be having that risk taking step on dealing with low caps specially those projects which are been made just because of 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 !
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
the hype.We've seen lots of it not only on meme coins but also in other projects as well which whenever there's some hype then expect that developers or owners would be definitely creating one and trying out
to jump in with the hype and then make money out of those people who had attached themselves with the trend but still ending up on its value into the floor because people arent really that
dumb but surprisingly there are projects who do able to make it out.
Well my unremarkable meme coin just made me $100 on the first 2 days. Not saying it's a solid investment but... it's made me more money than some of the "better" coins out there.
Not saying it's a solid investment but... it's made me more money than some of the "better" coins out there. 
meme coins in general is zero sum game, if you scored good returns from meme coin, there are other that suffers from loss.
that's the reason investing in meme coin isn't a great idea, after all you could become the ones that suffer lost in your 2nd investment so basically it's just a game.
though it may seems that you have made a good decision in investing in meme coin since you've made quite the returns, that could literally vanish into thin air if you suffer loss even from one meme coin investment in the future.
that's the reason investing in meme coin isn't a great idea, after all you could become the ones that suffer lost in your 2nd investment so basically it's just a game.
though it may seems that you have made a good decision in investing in meme coin since you've made quite the returns, that could literally vanish into thin air if you suffer loss even from one meme coin investment in the future.
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 !
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
It is not too surprising, bitcoin was created by Satoshi and since then tens of thousands of shitcoins have been created, including meme coins, so it is not surprising that a meme coin like dogecoin has influenced the market and now we have a lot of meme coins as well.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 !
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
Personally I would not advise anyone to invest in those coins regardless of the size of the capital used as the chances a meme coin pumps out of nowhere are very low, so you may as well use your time and money in something that is way more productive and which can actually lead you to obtain some consistent profits.
investing in low ranked meme coin, most of the time you're just gonna losing your investment, it's just 1 out of 20 meme coins that could somehow give you good return and the rest meme coin just gonna make you lose your entire investment in the long run.
these meme coins exist definitely isn't to make you rich, or anyone else rich but themselves, if you think you could make easy ROI from these meme coins that's largely manipulated then you're wrong.
these meme coins exist definitely isn't to make you rich, or anyone else rich but themselves, if you think you could make easy ROI from these meme coins that's largely manipulated then you're wrong.
Not just shiba, but there's a dozen different others I think.
A months ago during the peak of the meme-coin hype there were at least 100 meme-coins created each and every day, which was absolutely crazy. Most of those tokens were created on the BSC network of course because the network fees there are just way lower compared to the ones on Ethereum and most people that created meme-coins only had one reason why they did that. They wanted to make quick and dirty money without any effort. Of course now more than 99% of those meme-coins are already dead again which is a good thing for the whole crypto market in my opinion because now investors can focus again on real projects.
It's true that most meme coins are created just to make a quick profit for the creator. Especially when Dogecoin and Shiba Inu experienced
a very significant increase, made a lot of new meme coins popping up and finally as you said most of the meme coins die. Because in the end,
many people realize that investing in meme coins only makes their lose money. That's why we really have to prioritize investing in projects that
have clear functions and projects that have strong fundamentals. Especially in a bear market situation like now, don't be easily influenced
by influencers who promise big profits from new projects. We should just focus on investing in top coins, which already have a good reputation.
Many people may have very high profits from meme coins, but on the other hand, how many people lost in meme coins? So many.
High profit, high risks. This may be true enough.
Btw, we can see how peope views on meme coins. They are likely to be more to hype coins with their specialty of pump and then dump easily.
Meme coins rising after Doge rise was unstoppable. We can see so many created meme coins with their almost similar names. That is why for me, meme coin is not worthy enough for long term imvetsment
High profit, high risks. This may be true enough.
Btw, we can see how peope views on meme coins. They are likely to be more to hype coins with their specialty of pump and then dump easily.
Meme coins rising after Doge rise was unstoppable. We can see so many created meme coins with their almost similar names. That is why for me, meme coin is not worthy enough for long term imvetsment
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 !
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 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 !
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 think there are new meme coins who want to follow the footsteps of Doge and Shiba hoping that they could get the same fame and attraction. They think that they could benefit more since the hype of meme coins isn't over yet. They're trying to ride on with the hype which I think won't work anymore.
Sometimes I ask myself if those who create meme coins really earn and time spent on it worth it. I still find it hard to understand what their goal is, to earn from many meme coins but little, or hope that one day their meme coin gets noticed and pumped really hard. I am not even sure, that tokens meme coin creators make are really being purchased by someone. To me, people are just burning BNB gas on creating and listing them.
Not just shiba, but there's a dozen different others I think.
A months ago during the peak of the meme-coin hype there were at least 100 meme-coins created each and every day, which was absolutely crazy. Most of those tokens were created on the BSC network of course because the network fees there are just way lower compared to the ones on Ethereum and most people that created meme-coins only had one reason why they did that. They wanted to make quick and dirty money without any effort. Of course now more than 99% of those meme-coins are already dead again which is a good thing for the whole crypto market in my opinion because now investors can focus again on real projects.
...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 ! ...
...I wouldn't be surprised if the price of these coins became zero the next day. Since such coins are created for the sole purpose of pump & dump and you should be prepared for the fact that you will lose your investment in meme coin. But I can't rule out that you will be lucky and you will make a profit if you manage to sell these coins in time.
Its human behavior. Lol. They pile in where the profit is stacked. The market is largely unregulated, so lots of people ould want to utilize the popular love of meme coins and other shit coins. But to be honest, some of them are growing up and have some utility of their own, like Shiba is
ambition in coin meme is not the right solution for me. there are a lot of shitcoins that are dim from a community standpoint because the bears are turning their assets upside down. coin meme lovers almost look tired to do fud or promo from every media. The bear takes this as an ambitious lesson 100x people talk a few silences. do your research before you step there is a side of risk behind everything
~
Are you really sure about that, OP?To newbies, I would not advise to do what OP said unless you do your proper research.
They're way risky of an investment if you would ask me and I would never ever bother dropping a single penny to it. I had that though back in the days to invest like in Doge, but good thing I did not.
I love memes, but I do not want to involve my money with those.
There are many memecoins attempting to surf doge and shiba inu hypes. They lure investors into believing it's a new opportunity for late investors to reach the same results early investors achieved through doge and shiba, although it's unlikely it's going to happen, especially because crypto is an unpredictable environment, therefore a predictable tendency like that shouldn't be expected.
Look for new tendencies and not the repetition of the previous ones.
Look for new tendencies and not the repetition of the previous ones.
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