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Topic: This time for meme coin? - page 12. (Read 2214 times)

hero member
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July 20, 2023, 06:59:48 PM
#52
Yes very true because this time i see there is many meme coin which is clear risky for investors. Meme coin has small possibility for getting profits but losing risk very high. If you want buy then you should choice best meme coin for the future profits.
meme coin investment is speculation full of manipulation, its even worse than gambling in general because the odd of you winning are determined by the whales, whereas the whales themselves also try to profit off your investment and entry towards these meme coins.
full member
Activity: 1498
Merit: 132
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July 20, 2023, 05:55:22 PM
#51
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
Exactly, this is HIGH RISK for me.
Meme coins always get their own hype and it seems that they can go up fantastically every time they are just launched and will immediately go up very high. But have you noticed what their fate will be after> They will immediately drop as soon as they reach their peak price. And finally, how likely are they to survive in the market and move up again? Very little. because of that, it is very risky when investing in meme coins, especially if we are late in entering or taking profits
legendary
Activity: 2464
Merit: 1145
FOCUS
July 20, 2023, 12:47:50 PM
#50
Risk is the meme coin's middle name.  Cheesy
Just remember the word "meme" and it will get you back to the real world. Think about the possibility of being dumped all of a sudden. Whale manipulation or just a friggin dump because it ends a scam. Holes that will be identified that could lead to FUD. Lots of different reasons why meme coins are high-risk coins. I do believe you don't like to be in a position where stress comes to you thinking about how you will recover from all the losses that will happen. You better be ready for that if you are so sure about buying this type of coin.
The chances of making profits are also low so why should you invest in it? While Bitcoin and other top coins are just out there making money for those who trust them. I think I will stick with that strategy.

Manipulation is something that you already expecting when you invest with meme project, for sure those who are riding on this kind of investment are people who mostly treat trading as gambling, the bigger you risk the bigger profits you may expect, but in reality, that big amount of risk is also the same amount of regret when you are facing that mistake.

When everything didn't go according to how you anticipate and you got stuck from a huge dumping momentum, nothing you can do but to regret in riding with the temporary hypes of a meme project.


Well it can be manipulated especially for the people with influence, they can make a single meme coin to have a temporary hype and sell all their holdings and run. We've seen this on NFT projects and other coins last bull market when the time that influencers starts flocking cryptocurrency to have partnerships and projects they can easily money milk. The one who are really at loss on meme coins are the newbies who got stucked in it until the value depletes. This is why I never suggest meme coins to any newbies that didn't know how the meme market works.
legendary
Activity: 2996
Merit: 1053
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July 20, 2023, 08:06:19 AM
#49
Risk is the meme coin's middle name.  Cheesy
Just remember the word "meme" and it will get you back to the real world. Think about the possibility of being dumped all of a sudden. Whale manipulation or just a friggin dump because it ends a scam. Holes that will be identified that could lead to FUD. Lots of different reasons why meme coins are high-risk coins. I do believe you don't like to be in a position where stress comes to you thinking about how you will recover from all the losses that will happen. You better be ready for that if you are so sure about buying this type of coin.
The chances of making profits are also low so why should you invest in it? While Bitcoin and other top coins are just out there making money for those who trust them. I think I will stick with that strategy.

Manipulation is something that you already expecting when you invest with meme project, for sure those who are riding on this kind of investment are people who mostly treat trading as gambling, the bigger you risk the bigger profits you may expect, but in reality, that big amount of risk is also the same amount of regret when you are facing that mistake.

When everything didn't go according to how you anticipate and you got stuck from a huge dumping momentum, nothing you can do but to regret in riding with the temporary hypes of a meme project.

sr. member
Activity: 2338
Merit: 338
July 20, 2023, 08:04:06 AM
#48
Risk is the meme coin's middle name.  Cheesy
Just remember the word "meme" and it will get you back to the real world. Think about the possibility of being dumped all of a sudden. Whale manipulation or just a friggin dump because it ends a scam. Holes that will be identified that could lead to FUD. Lots of different reasons why meme coins are high-risk coins. I do believe you don't like to be in a position where stress comes to you thinking about how you will recover from all the losses that will happen. You better be ready for that if you are so sure about buying this type of coin.
The chances of making profits are also low so why should you invest in it? While Bitcoin and other top coins are just out there making money for those who trust them. I think I will stick with that strategy.
Honestly, many people can't ignore the hype and social media influence which makes them invest and hope that they get lucky and become rich instantly. It was very common for impatient people never to think that they are risking more compared to investing in Bitcoin. Too sad to say but as the PEPE coin soars high, many people are jumping on it but looking at the current situation, I'm sure many of them are regretting and blaming themselves as they are suffering losses now.
full member
Activity: 2268
Merit: 121
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July 20, 2023, 07:31:34 AM
#47
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

of course it is very risky to invest in meme coin and I don't think all meme coin will increase very high during a bull market, so I suggest you don't invest all your money in meme coin, because there is a possibility that your money will be lost it can really happen, therefore if you want to invest in meme coin, then you can invest a maximum of 20% of your portfolio and I advise you to invest in meme coin which are popular and have high trading volume (my recommendation is Dogecoin).
20% of portfolio is too much honestly it should be less than that, even 5% is already too much, we're talking about investment that could just vanish into thin air with the changing of market here.
only invest maybe $5 to $10 in initial stage of meme coin then its worth it, that with a big if, thats if the meme coin itself succeeds.
I think you are right no matter how big or small we are going to invest in meme coins it is certainly not worth it, because it is too risky at all. especially for a long period of time, you can be sure that you will lose the funds that we have invested in the meme coin. why do you still think about investing in meme coins where the price is too cheap and the total supply is too large making it difficult to be able to increase even during a bull market. so far it seems that many are tempted by doge. able to improve but do not see the improvement, not because of the ability it has. My advice is to find quite a lot of other altcoins instead of continuing to intend to make meme coins for investment, there are still many potential altcoins that will be able to provide benefits in time.
legendary
Activity: 3164
Merit: 1174
July 20, 2023, 03:34:17 AM
#46
As for memecoins, I got some. It sounds like a nice diversity to other cryptocurrencies. As for holding them, I switched to XGo crypto wallet last week. So far, so good. Smooth transactions, intuitive interface.

I guess this is a healthy approach... I have some as well! Investing serious amounts in any meme coin is risky as hell, but having fun with some of them, buying some here and there, and enjoying fast and cheap transactions will not get us into trouble. I like to gamble with some meme coins for example.

All in all, people should relax and have a bit of fun in the crypto space. It's not everything in making huge investments and waiting for big profits...
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 20, 2023, 03:08:33 AM
#45
Risk is the meme coin's middle name.  Cheesy
Just remember the word "meme" and it will get you back to the real world. Think about the possibility of being dumped all of a sudden. Whale manipulation or just a friggin dump because it ends a scam. Holes that will be identified that could lead to FUD. Lots of different reasons why meme coins are high-risk coins. I do believe you don't like to be in a position where stress comes to you thinking about how you will recover from all the losses that will happen. You better be ready for that if you are so sure about buying this type of coin.
The chances of making profits are also low so why should you invest in it? While Bitcoin and other top coins are just out there making money for those who trust them. I think I will stick with that strategy.
legendary
Activity: 2282
Merit: 1344
CoinPoker.com
July 20, 2023, 02:52:36 AM
#44
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
I can relate to what I experienced last 2017-2018 bull run were everything is just pumping, even shitcoins or any random coins, but before meme coin projects are still not popular but I can relate to this.
When once bull runs, expect that everything will pump and the market is extremely volatile.
For me, if you are looking for a meme coin to invest in for the next bull run. I really suggest to start with Dogecoin because Dogecoin is original meme coin and every bull run, Dogecoin is also making its own run.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
July 20, 2023, 02:45:42 AM
#43
They'll never be a good time for memecoin, it keeps failing investors and similarly investors who lost money through memecoin wouldn't dare invest into good cryptocurrency projects like bitcoin and ethereum. Some people see memecoins as an opportunity to maximize their profits or feel like early adopters, yet they get disappointed with the results that follows memecoin. They've got no use case, which is a red flag to the durability of its price. Except that Elon musk hypes dogecoins its price wouldn't have made any advancement during the 2021 bull run. They depend on hype and that's a waste of the naive investor's money.
I only wish people would see this, it is so obvious that memecoins are terrible and will stay terrible, the fact that people can't see that is beyond idiotic to me. I know that it is not going to be that easy and all, but we need to make sure that there are also no problems about this as well. Why would memecoins be going up anytime soon? Why would anyone think that it will go up anytime soon?

People should realize that it will not and they suck and even if they do that will cause them to lose a lot of money when it evidently crashes. We need to make sure that we talk to people about these parts, because if they just buy it without answering these, they are making a big mistake and should not be worried about it for sure.
hero member
Activity: 2590
Merit: 549
Rollbit
July 20, 2023, 12:45:38 AM
#42
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

I don't see any relevance or effect on the bull or bear market if a lot of developers creates bunch of meme coins. These type of top tier shitcoin shouldn't be asked if it is risky in the first place, because it definitely is, that even a high school student could understand why.
That's like selling a magic bean to the market, telling people that if you plant this on your backyard, in 30 or so days, it will grow and we will buy all the fruits that your tree will produce. With the help of shillers, false advertisement, & paid celebrities, blinded by greediness people some people would actually believe it.
With no use case or utilities, I can't find any altcoin that is more riskier than the shit/memecoin.
full member
Activity: 2016
Merit: 156
July 20, 2023, 12:13:30 AM
#41
Yes, meme coin are risk that is why you need to carry out a proper research to know if you invest in this season whether you will be able to achieve something reasonable from it before embark on meme coin investment. It hard for meme coin investors to experience massive income from their investment, because the more you hold long the more you regret why embark on such journey which is not advisable to invest all your money in meme coin because the price is too low in the market. I have learned my lesson not to invest above 10% on meme coin based on the disappointment I experienced from my investment that made me to lose so much money in the past.
hero member
Activity: 2184
Merit: 513
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July 19, 2023, 07:13:23 PM
#40
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

of course it is very risky to invest in meme coin and I don't think all meme coin will increase very high during a bull market, so I suggest you don't invest all your money in meme coin, because there is a possibility that your money will be lost it can really happen, therefore if you want to invest in meme coin, then you can invest a maximum of 20% of your portfolio and I advise you to invest in meme coin which are popular and have high trading volume (my recommendation is Dogecoin).
20% of portfolio is too much honestly it should be less than that, even 5% is already too much, we're talking about investment that could just vanish into thin air with the changing of market here.
only invest maybe $5 to $10 in initial stage of meme coin then its worth it, that with a big if, thats if the meme coin itself succeeds.
hero member
Activity: 2898
Merit: 590
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July 19, 2023, 06:01:59 PM
#39
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
Risky - that was absolutely right.
In fact, ever since we know that investing in meme coins is not a good idea. However, we can't change the fact as well that they are greatly profitable during its hype and so people got crazy participating it now. Yeah, I could say that 2023 is for meme coins, it gains more attention after the PEPE coin got shone up. Nevertheless, we couldn't say that this will last longer until the bull season comes because if that is so, then the impact is huge and it also drags other meme coins to pumps as well.
hero member
Activity: 1078
Merit: 509
Leading Crypto Sports Betting & Casino Platform
July 19, 2023, 07:25:11 AM
#38
They'll never be a good time for memecoin, it keeps failing investors and similarly investors who lost money through memecoin wouldn't dare invest into good cryptocurrency projects like bitcoin and ethereum. Some people see memecoins as an opportunity to maximize their profits or feel like early adopters, yet they get disappointed with the results that follows memecoin. They've got no use case, which is a red flag to the durability of its price. Except that Elon musk hypes dogecoins its price wouldn't have made any advancement during the 2021 bull run. They depend on hype and that's a waste of the naive investor's money.
newbie
Activity: 2
Merit: 0
July 19, 2023, 07:24:51 AM
#37
As for memecoins, I got some. It sounds like a nice diversity to other cryptocurrencies. As for holding them, I switched to XGo crypto wallet last week. So far, so good. Smooth transactions, intuitive interface.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
July 19, 2023, 06:34:51 AM
#36
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
Meme coin is always risky for the fact that to many of those created token are just for scam so you need to be careful on your investment and don't expect to much since that's what scam devs like since they want you to hold while them are dumping.

If we talk about effect well nothing really since the market of meme coin is not so huge and even though the hype is growing then maybe scamming is happening still it cannot   affect the market as a whole.
I agree that it's a useless risk people are taking with these and there is nothing to do about this. I believe that we can't really do anything regarding this situation and we shouldn't really be bothered about it neither.

I can't say that we can't really do much about it in the end, because it is going to be a different situation but at the end of the day if we are talking about memecoins then we are going to be fine and there is nothing to miss there, I can just not buy them and buy something else and make money anyway. I would rather not take any risk at all and buy only bitcoin rather than risk my money with meme projects. Not many people understand the useless risk part, it is really terrible projects all around.
legendary
Activity: 2506
Merit: 3645
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July 19, 2023, 06:10:40 AM
#35
The last memecoin I remember was PEPE, which had a hard fork and was left by the main developer and a lot of drama that makes anyone think seriously before investing in such an investment. Therefore, the success of these currencies was due to Elon Musk's tweets. Whenever that person returns to tweet, it is an opportunity to make quick gains, but the question is when will he return again to talk about it and is it worth investing or is it waiting for something to happen that may not happen.
legendary
Activity: 2996
Merit: 1053
Leading Crypto Sports Betting & Casino Platform
July 19, 2023, 05:47:42 AM
#34
This kind of situation (bull market preparation) is used by meme coin developers to get profit on their token sale, this is quite risky because they have no benefits for network development in the crypto industry, they only rely on hype and pump to attract their investors, this is very dangerous if we are in the last entry, our money will be very difficult to return, this needs to be an important note, on the other hand it is also a separate opportunity if we become early investors, because we will get the money we save there many times more than him bitcoin or altcoin top 10, but it's a shame below 5% probability to make a profit, and I think the meme coin project has no impact on the bull market.

Deciding whether to invest or not will always rely with your own understanding, and your way of handling the risk, as if you are willing to take your chance and you are okay with riding into whatever meme projects that being hot while the market is showing a good sign of pumping hard, it's always on how you take chances, that's for those who already have an experienced on how crypto volatility works.

But for those newcomers, your set example is true because if you are only investing as someone introduces you that meme projects chances that you will be caught in the position where the value was already hype and all those early investors already dumping their assets.
hero member
Activity: 2044
Merit: 565
July 19, 2023, 05:29:11 AM
#33
This kind of situation (bull market preparation) is used by meme coin developers to get profit on their token sale, this is quite risky because they have no benefits for network development in the crypto industry, they only rely on hype and pump to attract their investors, this is very dangerous if we are in the last entry, our money will be very difficult to return, this needs to be an important note, on the other hand it is also a separate opportunity if we become early investors, because we will get the money we save there many times more than him bitcoin or altcoin top 10, but it's a shame below 5% probability to make a profit, and I think the meme coin project has no impact on the bull market.
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