Stay away from BONK - page 3. | Bitcointalksearch.org

Oilacris

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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.

If we do tend to look now.
https://coinmarketcap.com/currencies/bonk1/

Price had already corrected out which to those who had bought on the peak price or ATH will really be ending up on regretting and whining up
about their negative portfolios.

Its not something new and its been that common on what we are seeing where these hype and shilled coins is something where those
people do love to dragged themselves into the hype and cry later on if they had been caught by the dump.

o48o

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Quote from: krishnaverma on January 07, 2023, 08:18:50 AM

Quote from: drac970815 on January 06, 2023, 10:10:34 PM

It's like whales are trying to exit from Solana using this coin.

How does that work ? Converting the coin and then dumping you mean here ?

That's just some weird "whales are bad" conspriracy.
Only way that would work is that those whales would buy every BONK from everyone who got it airdropped and after gaining most of the tokens they would use it on pump & dump scheme.
Some people aren't accepting easy and more plausible answers because they see everything as some interesting plot they uncovered.

serjent05

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Quote from: monineklutak on January 07, 2023, 09:54:36 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.

I am sure many will follow in the footstep of BONK just like the INU era. And obviously what comes up must come down. I believe the price of Bonk is highly manipulated and is currently under pump and dump scheme. I expect that it will still go up in price until it accumulated enough support and hype. After that, the one manipulating the price will dump. A 900% growth is still nothing compared to the popular meme coins' growth percentage.

Quote from: OgNasty on January 07, 2023, 04:31:55 PM

My guess is that burned SOL holders will lose the last bit of their money they have left on this nonsense.

Isn't this the norm in the altcoin industry? Many people losses lots of money by investing in a non-sense project.

OgNasty

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I will say this about Bonk… I know a guy who is into crypto. He told me I should put all my BTC into Celsius and that I was a fool for not doing so. He told me that I should dump my BTC and invest in Solana at $200. Recently he messaged me to tell me about the next big thing. You guessed it, BONK. If there’s one thing I’m certain of, it is that BONK is a worthless shitcoin that is going to cost a lot of people a lot of money. My guess is that burned SOL holders will lose the last bit of their money they have left on this nonsense.

doomloop

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Quote from: JeffBrad12 on January 06, 2023, 07:09:27 PM

you should remember that this is meme coin despite rising in value so tremendously at the end of the day it's still meme coin, the value seems like it's about to get plummeted and if you are late to make your investment you should be more careful because you could be stuck. I have my share of doubt that this coin could ever become the next shiba inu for the very reason that there are rumours that says this coin majority of supplies is owned by very few bagholders and that could be really worse condition meme coins be.

If you are talking about the OP then he already knows this but for those who are new to it then it's only up to them if they will make up their own research or not. I don't know why but I already got a bad feeling even by just looking at the name of this coin but it reminds me of the nes game which is also called bonk.

Not that I hate that game or what but the character of that game is a bald boy which also look like a bad person lol. So many meme coins are trying to imitate shiba inu but they are only dreaming. If they want to be like shiba then they may need a big capital first to pay a good influencer like Elon Musk to promote their coin and maybe they will need to add a unique utility on their coin for them to stand out in the crowd.

monineklutak

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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.

justdimin

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Quote from: lienfaye on January 06, 2023, 06:00:01 AM

Quote from: blockman on January 05, 2023, 05:55:25 PM

It's now falling. People will never learn about the past mistakes they did with meme coins, now, I guess that there will be new series' of these types of hype, pump, and dump coins again.
Those that are new are likely to fall for this but those that have seen it come and go will mostly ignore it. I saw have learned the lesson from the past and they're not buying it because they know that it will fall as soon as possible. It will not be surprising if this coin will have lesser volume within the next days.

Even some investors already experienced to lose their money for investing in shitcoins in the past, they will not learn if they're still greedy to earn instantly even it's risky. So it's not surprising if many investors fall in this trap to ride the soaring price. But yes it's now falling so those who bought at peaked are probably worrying now. Bonk is a shitcoin and you'll know it if you did a research and not just by relying on the price that had a drastic increased that's why you invest. Again, DYOR and don't invest blindly.

Inexperienced ones are the ones that invest into these type of things. I mean who would invest into something so obviously a shitcoin?

There are three types of people who would ever invest into it, first of all the team itself who would put some money in there to both have some and also make it look like there is an interest for it to convince people, second there could be some huge crypto funds where they already have too much money so investing a few thousand into silly stuff like this in case it turns out to be good is their method, and third newbies who know nothing about crypto and invest into something because it got some hype. That's it, nobody else would invest ever.

krishnaverma

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Quote from: drac970815 on January 06, 2023, 10:10:34 PM

It's like whales are trying to exit from Solana using this coin.

How does that work ? Converting the coin and then dumping you mean here ?

blockman

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Quote from: koang on January 06, 2023, 05:48:22 AM

Hell yeah, BONK is a shitcoin. It’s going to zero.
If we put our money into this, we deserve to get rekt.
Seriously, this is complete nonsense and discredits the space.

Rally the pumpers to pump and dump and then tell everyone about Coin burn for legitimacy. This is the shitcoin playbook.

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

Quote from: lienfaye on January 06, 2023, 06:00:01 AM

Even some investors already experienced to lose their money for investing in shitcoins in the past, they will not learn if they're still greedy to earn instantly even it's risky. So it's not surprising if many investors fall in this trap to ride the soaring price. But yes it's now falling so those who bought at peaked are probably worrying now. Bonk is a shitcoin and you'll know it if you did a research and not just by relying on the price that had a drastic increased that's why you invest. Again, DYOR and don't invest blindly.

Yeah, many are not learning from the past and instead of learning, they're opening themselves to more of it and thinking that it's not going to go anywhere but to keep on going up until it's not.

drac970815

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It's like whales are trying to exit from Solana using this coin. Probably a rug pull.

muarip

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Quote from: isaac_clarke22 on January 05, 2023, 01:58:59 PM

I mean just by the name of it, I already know the source of the meme anyway and I can see a Shiba or something from Doge meme being hit by photo edited baseball bat. Cheesy

It looks like another meme coin attempting to milk Doge or Shiba Inu with just a different name and image, lol. Quite surprised that it is becoming a news though just by searching it through Google.

There are so many ways to convince people to make a profit from what they do. Let's take a closer look at all of this. But I wonder that every day or every month something like this would come up. Pathetic.

JeffBrad12

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you should remember that this is meme coin despite rising in value so tremendously at the end of the day it's still meme coin, the value seems like it's about to get plummeted and if you are late to make your investment you should be more careful because you could be stuck. I have my share of doubt that this coin could ever become the next shiba inu for the very reason that there are rumours that says this coin majority of supplies is owned by very few bagholders and that could be really worse condition meme coins be.

goinmerry

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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.

Nice catch and information you have there. But for risk-takers, I'm expecting they already know what to do.

Once those big holders decide to dump, unfortunate for those who are only holding a quite small percentage of the whole circulating supply.

People should not feel FOMO for not abling to take a ride on the coin. 900% increase then deciding to make an entry is a risky move.

WalkerIVIV

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the rule of thumbs with investing in meme coins is that if it's already going too high good chance it will just lost its price and value very fast, I don't think investing right now is wise decision, no matter how good this meme coin is it will never become long lasting like shiba I guess because most are actually just waiting for the right time to sell their meme coin meanwhile unlike this coin shib and doge have some faithful holders that gonna holds for many years to come.

Odusko

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Quote from: TalkativeCoin on January 06, 2023, 06:44:04 AM

Thanks for the heads up, I've put it on my "Do not invest/Take a better look into it" list.

Their webpage and content on there (especially the whitepaper) is also a really good tell, it's a red flag, at least to me.

Alot of us have learned from the ugly events of the previous year and we should try by all means to avoid any possible scam project as the year just began and many are looking for the coins to cash in on.
I guess we should look away from too-good-to-be-true projects as a matter of fact, any green candles should be seen as a possible scam attempt, with the amount of BONK coins in the hand of few individuals there is no way to guarantee the stability of this coin market.

Furious 7

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Quote from: krishnaverma on January 05, 2023, 10:26:30 PM

Update time
54% drop in prices in less than 11 hours.

It will soon be nearing 0 again from where it started. Hope this post helped members to remain informed and stay away from this shiny shit coin. If you still invested in this coin and are in loss, treat it as a valuable lesson for future. There will be similar launches in future which will follow exact same pattern so it is not hard to spot these.

To this day many people who are close to me continue to talk about this with the instant raises they receive. I try to tell them that it's better to sell when you feel profitable but don't know whether to do it or not.
The fact is that a decline like this will definitely happen, regardless of anything a coin like this will eventually just be thrown away and will not be worth the same as other coins before which were worth shitcoins so this is not strange I think.

zasad@

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Quote from: Ngemmeng on January 06, 2023, 09:54:39 AM

I invested $50 in this altcoin and some time later it was $170, I could have made much more than that but I am aware of the risks if I hold this coin too long. I know that this altcoin is listed on many exchanges and has a very large daily volume but still this altcoin is a meme coin and long term investment in meme coins is not recommended (especially new meme coins). but at least this meme coin lifted the price of SOLANA a bit Grin

I would take my $50 back and wait tothemoon with the rest of the tokens. Losing a hundred dollars in profit in a few days is not so offensive, but if the price of this meme token rises, then the profit will be more interesting.But playing with the forms of the meme token is already dangerous.

irsykes

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too risky coins that have gone up to 900% to buy. is now declining to 38%. after entering several markets, it looks good that shitcoin has dared to enter the market in several large markets. the project founder really did a neat job in motion. although most of the shitcoins that are already running on the market whether the founder will continue to work or run away with the money, this is what often happens.

virasisog

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Quote from: asawale on January 06, 2023, 11:03:41 AM

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.

This confirms my suspicion about the project when i checked it on DEXTOOL. The ratio score still remains zero despite the huge pump. That pose a red flag. Newbies who don't know how to check the credibility, how much held by owners wallets, duration of which the liquidity is locked can search for the project on dextool to check the rating score and liquidity info to check if it is safe to invest into.

That's smart checking, mate. If everyone could do the same research, the number of scammed investors would decrease in the future. Skepticism before investing is necessary so we'll never fall for scam projects' trap. The project is already showing red flags and that's you suspicious. They are not showing transparency and real volume. It's my first time hearing about that coin, to be honest, and reading things about it, it seems like it still fooled many investors. As much as possible, we should avoid non-established projects and focus on trusted and potential coins.

asawale

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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.

This confirms my suspicion about the project when i checked it on DEXTOOL. The ratio score still remains zero despite the huge pump. That pose a red flag. Newbies who don't know how to check the credibility, how much held by owners wallets, duration of which the liquidity is locked can search for the project on dextool to check the rating score and liquidity info to check if it is safe to invest into.

Topic: Stay away from BONK - page 3. (Read 1366 times)