Stay away from BONK | Bitcointalksearch.org

b3j0

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Quote from: Ketesnuko on April 01, 2023, 10:02:26 AM

You've done your research well, whenever a project has many circulating supplies out there and half of the supply belongs to one address or 10 people this is a big red flag because people will eventually dump on you and the project will start perishing from there, always look onto etherscan and bscscan for answers.

team ? investors? Or maybe hackers?
if it's a hacker's wallet maybe he will sell and not think about the price, but if they are part of a team or an investor I think they won't sell which could cause the price to crash. the team or investors will definitely think long-term, especially since this project has just been hype.

Ketesnuko

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You've done your research well, whenever a project has many circulating supplies out there and half of the supply belongs to one address or 10 people this is a big red flag because people will eventually dump on you and the project will start perishing from there, always look onto etherscan and bscscan for answers.

krishnaverma

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Quote from: LowRezStudios on February 19, 2023, 12:04:48 PM

Dang it got real quiet on this thread all of a sudden.

What happened?

Do we stay away from $BONK or not?

They have already failed once and it was proved to be a scam like coin.

If they saw some pump recently, it does not mean that they are on right track now. If they are able to fool you once again, it means that crypto is not for you. You should have very strong mind and should be able to capture patterns as soon as possible. If you are able to stay away from these coins by identifying these signs, your capital will be safe. I am not telling not to invest in any alt coin at all but do not jump blindly on a coin just because it jumped 200% in last 24 hours.

Rasa nanas

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basically long-term investment in meme coins is not recommended, especially if buying when the price rises drastically because the risk will be even greater. although this meme coin saved the price of solana some time ago, but with this fact investors or potential investors must be more vigilant, especially since bonk is a new meme coin and not as popular as doge and shiba.

krishnaverma

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Quote from: wheelz1200 on February 19, 2023, 12:17:56 PM

I mean without even looking why would anything called "Bonk" be something that's needed anyway. The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing.

We should not judge by name only but by the features the coin has. Most of these coins do not solve any real problem. They exist just in order to make the developer or person behind the coin rich. Most of the people see good price rise in these coins and they start running towards the coins. The price rise is also bought using fake manipulation.

Quote from: wheelz1200 on February 19, 2023, 12:17:56 PM

The amount of greed in crypto is hilarious. Seems like it will never end until everyone one by one loses theor money to all of these scams.

This greed is everywhere where money and power is involved. And whenever, we have so much greed, there is always room for corruption and scams. However, the people who want crypto to prosper should always bring it in open if they find something misleading in crypto world to save others.

LowRezStudios

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Quote from: wheelz1200 on February 19, 2023, 12:17:56 PM

Quote from: krishnaverma on January 05, 2023, 07:45:08 AM

If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.

You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders

So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.

I mean without even looking why would anything called "Bonk" be something that's needed anyway. The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing. The amount of greed in crypto is hilarious. Seems like it will never end until everyone one by one loses theor money to all of these scams.

When it comes to your comments regarding greed, hilarity, and scams, you are 100% right.

However, $BONK as it stands and appears to us over at LowRezStudios have a different opinion in terms of the "what is needed" category.

Overall, very insightful opinion @wheelz1200.

Thank you <3

wheelz1200

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Quote from: krishnaverma on January 05, 2023, 07:45:08 AM

If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.

You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders

So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.

I mean without even looking why would anything called "Bonk" be something that's needed anyway. The amount of tokens and coins that keep getting developed with little to no value and gets pumped is beyond amazing. The amount of greed in crypto is hilarious. Seems like it will never end until everyone one by one loses theor money to all of these scams.

LowRezStudios

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Dang it got real quiet on this thread all of a sudden.

What happened?

Do we stay away from $BONK or not?

JeffBrad12

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Quote from: DeathAngel on January 11, 2023, 03:27:56 PM

Some people make a lot of money in coins like this but the risk is that the large bag holders dump on you & you are not able to react quick enough which results in you being rugged. Just DYOR & be careful out there.

agreed with this statement, there are many meme coins that quite literally getting owned by few people meaning there's just bigger chance of it turning out as a rugpulls than other coin. there has been so many cases out there of meme coins where majority of supplies were being kept by the devs and as it turns out the devs dumping the coin into oblivion basically turning it into dust in which I think should be of concern for many.

Hypnosis00

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Quote from: DeathAngel on January 11, 2023, 03:27:56 PM

It’s like any of these meme coins, they are high risk but carry a high reward. It’s not a good idea to go running after green candles but this race could still have a while to run. What I mean is, it could still have a higher upside potential.

I see a lot of people joining and buying coins in hyped and making huge money. I don't think it was a piece of luck or something but definitely, these people are too smart in handling the situation and could make selling their coins at the perfect time.

Quote

Don’t risk a large % of your portfolio in this but a small allocation could be OK. I just prefer not to invest in large supply coins/tokens where a big % of supply is owned by a small amount of investors/developers.

Some people make a lot of money in coins like this but the risk is that the large bag holders dump on you & you are not able to react quick enough which results in you being rugged. Just DYOR & be careful out there.

I agree with the high risk in investing in these meme coins or any coins that have no working product. But I was also amazed at some people who could make a good shot out of it and earn big. But I don't encourage people to even try doing this unless we are ready to lose our money.

DeathAngel

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It’s like any of these meme coins, they are high risk but carry a high reward. It’s not a good idea to go running after green candles but this race could still have a while to run. What I mean is, it could still have a higher upside potential.

Don’t risk a large % of your portfolio in this but a small allocation could be OK. I just prefer not to invest in large supply coins/tokens where a big % of supply is owned by a small amount of investors/developers.

Some people make a lot of money in coins like this but the risk is that the large bag holders dump on you & you are not able to react quick enough which results in you being rugged. Just DYOR & be careful out there.

Hildentine

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I think Bonk is a meme token and they suddenly give a huge profit to people how hold nft in Solano wallet so according to my experience is that its a great future and it is a promising project so i think it give more profitable in future.

Cling18

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Quote from: fzkto on January 11, 2023, 11:27:10 AM

Quote from: AnonBitCoiner on January 11, 2023, 09:30:50 AM

I missed bonk at early stage and people made a very good profit from this. I have NFt in almost all Blockchain except Solona and this why missed Bonk airdrop.
I took entry in Chill Coin and I lose 20$ because I invested 25$. It down 10x almost. I also recommend new user to stay away from Solona meme coins.

You give the right advice for beginners. But I would add for myself that it is better to stay away from various altcoins altogether. At first, you should invest in bitcoin and not fill your head with all the possible new blockchains. Eventually you will understand the market and start buying projects that interest you.

There are still potential new projects that are worth investing in but some of them could only be profitable in the beginning and would turn into a rug later on. There are risk that are worth taking but if you seek assurance, better invest in well-established coins like Bitcoin, ETH, and BNB. If you missed the early stage, better avoid a project that is just trying to survive.

fzkto

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Quote from: AnonBitCoiner on January 11, 2023, 09:30:50 AM

I missed bonk at early stage and people made a very good profit from this. I have NFt in almost all Blockchain except Solona and this why missed Bonk airdrop.
I took entry in Chill Coin and I lose 20$ because I invested 25$. It down 10x almost. I also recommend new user to stay away from Solona meme coins.

You give the right advice for beginners. But I would add for myself that it is better to stay away from various altcoins altogether. At first, you should invest in bitcoin and not fill your head with all the possible new blockchains. Eventually you will understand the market and start buying projects that interest you.

klidex

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Quote from: Xal0lex on January 09, 2023, 10:57:39 AM

Quote from: o48o on January 08, 2023, 02:16:17 PM

Quote from: Inspiron14 on January 08, 2023, 01:26:16 PM

-cut-
do not believe in memecoin other than DOGE and SHIBA,
because memecoin is very dangerous for future investment, unless you just want to trade it

People didn't believe in memecoins like Doge and Shiba when they came.
Some people warned not to invest in such a crap.
Some people didn't listen to warnings and made lots of money by investing to them.

So how can you tell this is not one of those cases in the future?
Personally i wouldn't know. One thing i've learned is to never underestimate stupid people and their willingness to keep meme coins high in charts.

Investing in memcoin does come with a lot of risk and there is a lot of scam on the market, which is mainly focused on pancakeswap, but this coin is traded on more influential exchanges, so there might be a little different development here. In any case, the next 6-12 months will put everything in its place and show who was right and who missed the profit.

However, investing with Memcoin can actually make investors experience huge profits if the coin is successfully developed and there are no managers who commit fraud. Even though it is true from what you said that Memcoin has a big risk too.
I think an investor will dare to take a risk if the coin he believes in as an investment asset is really worth it.
I don't know how an investor can analyze a new project like Memcoin, but in reality many investors are convinced and interested in investing in Memcoin.

AnonBitCoiner

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Eloncoin.org - Mars, here we come!

I missed bonk at early stage and people made a very good profit from this. I have NFt in almost all Blockchain except Solona and this why missed Bonk airdrop.
I took entry in Chill Coin and I lose 20$ because I invested 25$. It down 10x almost. I also recommend new user to stay away from Solona meme coins.

blockman

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Already gave a warning about this coin and those that have FOMOed and then as you can see, with the price of bonk now. It is going nowhere but to the pitfall.
Those people that have ridden the hype of it again are going to feel sorry for what they've done because they shouldn't let their emotion ride the hype of it.

Questat

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Quote from: Valeriary on January 11, 2023, 02:49:16 AM

Your suggestion is correct. Its hype has attracted a lot of people. The final outcome may be the same as everyone thinks. But there will still be many people who choose him. They believe that the greater the risk, the higher the profit. You will regret it when it is too late.

Greedy people will easily get attracted and this is one reason why scammers and these developers will never stop creating hype and scam projects because they'll know that they can still make money from this.

Quote

They believe that the greater the risk, the higher the profit.

It was a different story from investing shitcoins or hype coins compared to potential projects as all of them are associated with high risk. But in investing in BONK, I would say it was not a wise decision. I don't mind the offer or huge possible capital multiplier because what is important now is to have assurance (at least) to get returns from investing.

Valeriary

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Your suggestion is correct. Its hype has attracted a lot of people. The final outcome may be the same as everyone thinks. But there will still be many people who choose him. They believe that the greater the risk, the higher the profit. You will regret it when it is too late.

Pesona1

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Quote from: krishnaverma on January 05, 2023, 07:45:08 AM

If you follow crypto news, you might be aware about solana dog shitcoin called "BONK" is up 900% the past week . If you are thinking to invest in this coin, let me share an important fact regarding this coin. The top 20 holders 50% of the coin.

You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders

So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.

It is appropriate for us to learn from existing experiences such as when shitcoin shitcoin first experienced hype, it's not wrong to invest in coins like shitcoin but at least only for the short term not long term like we invest in bnb or eth, for who have experienced from shiba inu hype of course understands that the increase in Bonk is nothing but the result of the hype that is happening on twitter and of course that is very dangerous because the shitcoin could fall quite deep in price, in my opinion what the OP said is quite true because it looks like we are just waiting for the time when the holders the releasing all the Bonk it has, so the price of the bonk will soon return to the bottom and in the end, those of us who believe in shitcoins like this will feel the loss.

Topic: Stay away from BONK (Read 1366 times)