Stay away from BONK - page 2. | Bitcointalksearch.org

Pesona1

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Quote from: krishnaverma on January 05, 2023, 08:45:08 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.

Xal0lex

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Quote from: JunkieMiner on January 09, 2023, 03:38:46 PM

one day ago, there was a coin named "FamoInu" and they are calling it a meme coin, which have about 90K followers at twitter, and they started to giving out about 251 NFTS Worth 1 Solana each, I bought it for 1 Solana, and after their Nfts sold in one to two days, they ran away and deleted their all accounts. So I mean that, in these days many fake meme coins are there to scam. Be aware

It is definitely worth staying away from such projects, because they are not known, not supported by anyone and not traded anywhere. Such coins are created to quickly enrich the creators of this coin and the final result of such coins is always the same, it's a scam. If you want to invest in meme coin, you must take care to analyze some data about the coin, e.g. how it is liquid, which exchanges it is traded on and so on.

JunkieMiner

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one day ago, there was a coin named "FamoInu" and they are calling it a meme coin, which have about 90K followers at twitter, and they started to giving out about 251 NFTS Worth 1 Solana each, I bought it for 1 Solana, and after their Nfts sold in one to two days, they ran away and deleted their all accounts. So I mean that, in these days many fake meme coins are there to scam. Be aware

fzkto

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Cashback 15%

Quote from: goldkingcoiner on January 09, 2023, 12:07:52 PM

Quote from: krishnaverma on January 05, 2023, 08:45:08 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.

Yeah it definitely has all the makings of a pump and dump. 1000% up now. Seriously? We are supposed to believe that bonk, with a market cap of under 30 mill. (which still has not changed) is the next big thing? Oh please. Its obvious that the developers poured that money in, themselves. They are waiting patiently until enough people buy their shitcoin at which point, they will screw everyone over.

Not trustworthy at all!

Shame on all the writers like coindesk that put this scammy shit on their front page!

Maybe BONK is shit, but after the appearance of this shitcoin the whole market came to life. Remember how the same stories were with doge or shiba. There are a lot of coincidences in cryptocurrency. Maybe BONK was the forerunner of the altseason? It's probably foolish to look for coincidences in this, but I think that BONK will still make itself known. If you look the list of exchanges, where this coin is traded, it is quite impressive. If leading exchanges will be added to it, the price will fly high again.

goldkingcoiner

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Quote from: krishnaverma on January 05, 2023, 08:45:08 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.

Yeah it definitely has all the makings of a pump and dump. 1000% up now. Seriously? We are supposed to believe that bonk, with a market cap of under 30 mill. (which still has not changed) is the next big thing? Oh please. Its obvious that the developers poured that money in, themselves. They are waiting patiently until enough people buy their shitcoin at which point, they will screw everyone over.

Not trustworthy at all!

Shame on all the writers like coindesk that put this scammy shit on their front page!

Xal0lex

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Quote from: o48o on January 08, 2023, 03:16:17 PM

Quote from: Inspiron14 on January 08, 2023, 02:26:16 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.

crwth

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Quote from: Silberman on January 09, 2023, 12:11:19 AM

Quote from: crwth on January 08, 2023, 07:30:15 PM

Coins like these are for quick buy and sell only. Unless you are really into the project and want to hold it. I think cause it is new, it’s definitely getting hyped, and many people are probably thinking of buying it. I do not have any news or anything that popped into my feed. It is the first time I have heard of this. It is the first time I have heard of this

And just like that this coin is down 67% from its all time high that it reached just 5 days ago, when the OP posted about this coin it had already reached the top, so their warning was very timely and I hope that at least a few users thought about it twice before putting their money in this coin, lamentably there were many other people that refused to listen and invested in that coin and now in just a matter of days they have lose two thirds of whatever money they decided to invest on BONK.

This is pretty much expected with the current type that it has and a lot of people are probably in the high hoping that it would rise in price, but it doesn’t work like that because someone has to lose money in order to gain money. If you could’ve shorted this, you would also have made money. Huh

Silberman

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Quote from: crwth on January 08, 2023, 07:30:15 PM

Coins like these are for quick buy and sell only. Unless you are really into the project and want to hold it. I think cause it is new, it’s definitely getting hyped, and many people are probably thinking of buying it. I do not have any news or anything that popped into my feed. It is the first time I have heard of this. It is the first time I have heard of this

And just like that this coin is down 67% from its all time high that it reached just 5 days ago, when the OP posted about this coin it had already reached the top, so their warning was very timely and I hope that at least a few users thought about it twice before putting their money in this coin, lamentably there were many other people that refused to listen and invested in that coin and now in just a matter of days they have lose two thirds of whatever money they decided to invest on BONK.

crwth

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Try Gunbot for a month go to -> https://gunbot.ph

Coins like these are for quick buy and sell only. Unless you are really into the project and want to hold it. I think cause it is new, it’s definitely getting hyped, and many people are probably thinking of buying it. I do not have any news or anything that popped into my feed. It is the first time I have heard of this. It is the first time I have heard of this

poodle63

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there is always nothing good with investing in meme coin if you're already too late and the value already increased quite a lot, you could think yourself like those guys that gets stuck investing meme coins while the others are already in stage of dumping their meme coins, only invest if it seems the value is relatively low, otherwise you're wasting your time and money in these meme coins just to make other people out there becoming richer and richer, if you think you're too late already in investing, just invest in normal coins, they are just as good honestly.

lalabotax

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I think that we should always stay away from something shit and hype only.
we know how many people are losing money because of the hype of this way, many people are supposed to believe that the success of this coin is related to Solana and meme coins But we know that this is likely only a game of hype to attract many more people and trapped them in this cycle and then we will see the dump market of this coin will be right there soon.
We also really understand that when we buy a coin late and at the peak of the price, then we are really at risk of losing money. because usually shit coins will fall and become the next dead coin when it's past its hype period. That is why I do really agree that we must stay away from that coin and other similar hype shitcoins.

Quidat

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Quote from: o48o on January 08, 2023, 03:16:17 PM

Quote from: Inspiron14 on January 08, 2023, 02:26:16 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.

Even myself wasnt really expecting about SHIB but it is obviously been driven with some solid hype and surprisingly people had able to stick into that which it turns out that it is already a significant
meme coin aside from Doge which we could really say that this market is really that truly unpredictable and there's no way we could really be able to tell on which coin would sustain and which
coin would eventually die and wither away.It all matters with the demand even if the said project doesnt have much use case or much worst with other projects out there but if its
really be just been driven with some hype then it would really be an another story.

Odusko

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Quote from: Inspiron14 on January 08, 2023, 02:26:16 PM

Quote from: jeraldskie11 on January 08, 2023, 07:56:54 AM

This meme coin (BONK) is trending right now. People are getting hyped by the news that developers burned 5 Trillion Bonk. We really expect that the price will rise up a little but gradually the price will go down. I hope we will gather more information about the project before we invested it.

burning 5 Trillion BONK and the total supply according to coinmarketcap is very large, 99 trillion BONK, and you hope that just burning 5 trillion will make BONK go up high?
I think you really have a dream and maybe BONK is nothing more than a shitcoin!. keep in mind! do not believe in memecoin other than DOGE and SHIBA,
because meme coin is very dangerous for future investment unless you just want to trade it

At this point, we all need to be careful with all these meme coins because there can be overhyped and lure investors into holding some of those coins.
There can easily be pumped and dumped since only few individuals have access to a large percentage of the total supply, if you no the amount of the coins that are allocated to their team members you will be amazed and settle with the fact that these coins can't go far.
Take sol for an instant you see how the price dropped significantly in the early days of last month which shows how vulnerable altcoins are when the market faces any challenge.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: blockman on January 07, 2023, 08:05:02 AM

~
For every shitcoin this is how it goes, the earliest folks get the money and then the late ones get all the rekt.

A classic Ponzi and that is what majority of the alts are doing. Rinse repeat and come up with some other shitty idea and people will be willing to shell out money thinking it is the next big thing and they loose once again and it will keep on coming. Everyone was itching to see some action and BONK gave them that meme coin fantasy they wanted Grin

.

o48o

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Quote from: Inspiron14 on January 08, 2023, 02:26:16 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.

Inspiron14

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Quote from: jeraldskie11 on January 08, 2023, 07:56:54 AM

This meme coin (BONK) is trending right now. People are getting hyped by the news that developers burned 5 Trillion Bonk. We really expect that the price will rise up a little but gradually the price will go down. I hope we will gather more information about the project before we invested it.

burning 5 Trillion BONK and the total supply according to coinmarketcap is very large, 99 trillion BONK, and you hope that just burning 5 trillion will make BONK go up high?
I think you really have a dream and maybe BONK is nothing more than a shitcoin!. keep in mind! 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

isaac_clarke22

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Quote from: muarip on January 06, 2023, 09:23:13 PM

~

It's pathetic yeah. Meme coins are like one of the cheapest thing they could convince people to be into crypto and just turned out being against them in the end. smh.
I can't even imagine some would commit whole savings to such meme coins like this. Could be true that there are so many ways to convince people still but hey come on, at least put a little effort to it as a business owner or even a dev. Cheesy

I had seen some projects in Github where there are even no recent updates, lol.

Ben Barubal

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Quote from: krishnaverma on January 05, 2023, 08:45:08 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 maybe a one of the meme coins of SOLANA, but compared to other meme coins this Bonk has been listed in more than 10 exchange here in the cryptocurrency, how is that anyway? And as far as I know, its price was already increased more than 2k+ percentage actually. It's pity that I missed the airdrops too, and its volume as well for me is not that bad at all anyhow.

Since that it was under by SOLANA, I can gamble at least 20$ to buy this bonk on Raydium anyway, then hold until
when the bullish season will come back in the market. Who knows that suddenly in the near future they will burn a billions of
their coins where it will push the price get high.

jeraldskie11

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This meme coin (BONK) is trending right now. People are getting hyped by the news that developers burned 5 Trillion Bonk. We really expect that the price will rise up a little but gradually the price will go down. I hope we will gather more information about the project before we invested it.

Jody.Drummer

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Quote from: monineklutak on January 07, 2023, 10:54:36 AM

it looks like Memecoin in 2023 will become a hype again, with a sign that BONK has experienced a very high increase since its release on the market,
BONK has become one of the Solana ecosystems that is experiencing a bullish trend, yes this can be said to be very high risk,
because BONK is also a memecoin and it can really happen RUGPULL, so it's better if you are already profitable then stay away.

The last 3 years there have always been hype meme coins, and this year has been the year that the meme coins from Solana have been talked about a lot. As we saw earlier how coin memes end, and it's likely the same thing happened with $Bonk. I don't think this hype period will last too long, because people are just taking advantage of the situation, and in the end everyone will leave this meme coin.
What worries me is how beginners are tempted by the increase, and that can be a big loss for them, especially when they only buy because other people are buying too. Because basically those who will benefit are the first to enter, and those who are late and last to enter will only feel the loss.

Topic: Stay away from BONK - page 2. (Read 1293 times)