Topic: Stay away from BONK - page 5. (Read 1366 times)
Well, the name itself makes me not want to have it, all the DOGE rip-offs are pointless shit. At least DOGE was made as a joke, but all those are trying to grab some money so I'll never buy any of them.
It is what it is, if you are willing to accept the opportunity oh huge pumps and huge dumps. Live by the sword die by the sword, but I would never say -never- touch a hyper volatile coin, it's all pluses and minuses.
If the investors which are pumping their money in this coin are completely aware of what they are doing then there is nothing I would say to them as they are the ones that must decide how much risk they are willing to take when they invest in a coin, however the majority of those which invest in coins like these do not really know what they are doing, they do not understand some of the most simple concepts when it comes to investing, and for investors like that putting their money in a coin like this is a terrible idea.
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.
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.
It is what it is, if you are willing to accept the opportunity oh huge pumps and huge dumps. Live by the sword die by the sword, but I would never say -never- touch a hyper volatile coin, it's all pluses and minuses.
Nice warning. I hope many who are interested to invest in this shitcoin will come across this thread and abort their plans. Although I have doubts on many investors who don't even exert effort for a little due diligence before they invest on a risky shitcoin like this.
But even if I were a lazy investor I think I would still avoid investing in a coin that has already grown 900% in just a week. That high growth in price could probably mean there will be profit taking anytime and the price would correct.
But even if I were a lazy investor I think I would still avoid investing in a coin that has already grown 900% in just a week. That high growth in price could probably mean there will be profit taking anytime and the price would correct.
As of now, it seems the BONK started to be dumped already. I'm glad I already sold most of my BONK around 24 hours ago.
There is a lot of hype going on about this so-called "dog coin" when I first heard it, it came to my mind this is another hype and pump and dump, it will pump and then dump immediately.
Some people relating this to shiba inu but for me, they came on the wrong time of the market, we are experiencing bear market or winter right now and I don't think so it's the best time for this.
There is a lot of hype going on about this so-called "dog coin" when I first heard it, it came to my mind this is another hype and pump and dump, it will pump and then dump immediately.
Some people relating this to shiba inu but for me, they came on the wrong time of the market, we are experiencing bear market or winter right now and I don't think so it's the best time for this.
Pricing of this coin already too high, I think it has reached its peak potential and everyone investing in it right now will just lose their money, i don't believe this coin could grow more than this seeing bearish trend going against it will cost tremendous investments money.
Even like that i'm sure so many still invests in this coin regardless, but we should see in the next few days because if the value still not decreasing, then it could still rise in the future.
Even like that i'm sure so many still invests in this coin regardless, but we should see in the next few days because if the value still not decreasing, then it could still rise in the future.
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But the thinking of most of the investors is that if the price is increasing fast, they feel tempted to invest in it. They do not look at the bigger picture.
People wanna FOMO such token no matter what happened with their money then. I have bought a few hundreds dollars since the price was having six zero and i have sold my bonk at ATH lol. The meme token shall not be considered as investment but i rather called it as gambling. Bonk has fair distribution and it seems like that those address were related to the exchange sites despite the fact that what you have said was true if investing when the price has been going up was a stupid movement that can be made by anyone. I think that newbies shall understand about it. They may be buying bonk caused by the price has been going down again very hard. Pump and dump token for real
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.
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.
I guess it's just gonna be the next shiba inu that people are keep talking about whenever there is new meme coins appearing but this one is for real, after all it seems it has grown really fast and has become big enough just like shiba inu back then.
but the thing is, if it's already going up that high I doubt it could go ever higher as it has higher chance of just going down again, therefore I think investing in this coin right now is unadvised because we are already too late.
moreover with the fact that there are very few that holds majority of the supplies, it just adds my doubt about this coin but if it's truly next shiba inu it could retain its value for sure.
but the thing is, if it's already going up that high I doubt it could go ever higher as it has higher chance of just going down again, therefore I think investing in this coin right now is unadvised because we are already too late.
moreover with the fact that there are very few that holds majority of the supplies, it just adds my doubt about this coin but if it's truly next shiba inu it could retain its value for sure.
Things like this do happen very often and seeing the pattern with a large enough increase we should indeed be aware that coins like this will eventually be discarded regardless of the circumstances.
I saw this coin yesterday, especially when my friend tried to introduce it and tried to persuade me to buy this coin, but for an Altcoin that is not very clear like this, I am not very interested.
I saw this coin yesterday, especially when my friend tried to introduce it and tried to persuade me to buy this coin, but for an Altcoin that is not very clear like this, I am not very interested.
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's up 3148.01% in 7 days right now, i don't know where you got that 900%. But if dumping is so obvious with Bonk, i have to ask you was it as obvious with Shiba Inu as well? Because that didn't stop top $300M marketecap. I mean this didn't have an ido or anything. It's a reward for active people in NFT community.You can yourself check this here
https://solscan.io/token/DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263#holders
So, it is obvious that they will eventually dump it. Those who are investing seeing the dramtic increase in prices will loose all their investment when it dumps.
I mean yeah, i admit it's stupid and risky to invest to something like this but don't underestimate how much stupid people can pump meme coins. Because we have seen this before.
I mean just by the name of it, I already know the source of the meme anyway and I can see a Shiba or something from Doge meme being hit by photo edited baseball bat. 
It looks like another meme coin attempting to milk Doge or Shiba Inu with just a different name and image, lol. Quite surprised that it is becoming a news though just by searching it through Google.
It looks like another meme coin attempting to milk Doge or Shiba Inu with just a different name and image, lol. Quite surprised that it is becoming a news though just by searching it through Google.
I think be careful I can't say that not invest in BONK but i say that anyone who wants to invest there Money in cryptocurrency so first they study the project and see there future plans and other major things so they invest there money otherwise many people got loss how not complete knowledge.
But I see yesterday that some people got airdrop of Bonk coin, whether they were holding some of the Nfts of Solana network and many of them got from about 200$-7000$, I think the price pump from there when they distributed the reward and its trading grows up. So, may be you are right in a sense that we should check it out thoroughly.
Time to push the stop plug on! Anyways it is overhyped coin in very short period of time. I will always consider such coins as either part of the pumping group OR basically an increased in FOMO levels amongst the investors. Everyone should be adding this type of criteria in their filters too because over the period of time it could lead us to the projects where we may trust them a lot and end up loosing everything we have on them.
This is good that someone brought this project up and made us careful about it. Hope that most of the people out there will figure this out as temporary hike and the coin is already on the verge of collapse. If airdrops were there then its going to be disaster soon.
This is good that someone brought this project up and made us careful about it. Hope that most of the people out there will figure this out as temporary hike and the coin is already on the verge of collapse. If airdrops were there then its going to be disaster soon.
I've heard about shitcoin (BONK) a lot of hype eats up I don't know what will happen next maybe a big dump will be done by the whales and for those who buy early and sell at high prices you can say profit it's just that investors are late which is going to be a disservice I don't think this is the best way to pick a shitcoin even though it's tempting because the hype is still going on.
This has reminded us all to stay away from the shitcoin that was initially pumped, and wait a few more days I suspect this token will crash.
This has reminded us all to stay away from the shitcoin that was initially pumped, and wait a few more days I suspect this token will crash.
It looks too risky to seriously consider buying it. Where is the guarantee that in a few days we will not see the same dump, and perhaps this will end the growth for this memcoin forever. It's all too dubious and risky for me to risk my money. The pump is clearly speculative as the main holders are a small group of people. Now is not an easy time anyway, we don’t need to create additional stress for yourself with an incomprehensible memcoin.
Any smart early investor in this project should be thinking about dumping it now before the whales will do so, otherwise it is going to be a painful experience because no doubt this will be dumped really hard. Shitcoins like this are only meant for quick profit. It will be foolish for anyone to think of buying this meme coin at 900% up.
But the thinking of most of the investors is that if the price is increasing fast, they feel tempted to invest in it. They do not look at the bigger picture.
I've seen this in my feed earlier today. The scheme is quite obvious but gamblers will still take the opportunity to benefit from this overly pumped token. I'm not referring to casino bettors but those who chase profit on short-term trades. I'm pretty sure those who got in early already started dumping once various social media platforms started posting about this token.
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