Topic: This time for meme coin? - page 8. (Read 2166 times)

Logically right, both good and bad market condition there's no certain direction for meme asset, more on manipulation and hypes, if you are not willing to take a big risk better not to take part on this kind of project and find another venue for investment, though there are still lots of traders who follows this kind of hypes and still willing to take that big risk, but again, if you are not a fan of it, don't waste both your time and your money.


That kind of manipulation really attract the attention of many traders and investors, that kind of market run creates a big hype to the entire market and by that spark, every time there's something unusual that happens traders who are willing to take the risk are present to support and see if what future will bring them, either to lose or to earn, it's not an issue anymore as they allocate money for playing with their fate.

yes.  It seems we really have to be more careful when investing in coin memes.  because in my opinion it is difficult for a new coin meme to match its popularity with the old coin meme, namely doge coin

Ever since Elon Musk supported Dogecoin, meme coin has grown in popularity. As a result, everyone's attention started turning towards meme coin from that time. As a result, a large number of new meme projects are launched in the market. These projects showed a lot of hype in the beginning but after a long time they turned into shitcoins. So I think we should not rely on memecoin.

Trading in the meme coins and trading of these coins are really much risky, because we have seen in each market condition whether it is bad condition or good condition the meme coins are almost risky in every situation. So, trading them should take much risk.

DEXs are flooded with meme coins, making it hard to find the good ones. Your mistrust about white papers is justified - they dont always reflect the project's goal or potential.  As you noted, meme currencies' price points vary drastically as they hit big exchanges, despite their potential gains.

Risk appetite determines whether to invest $1,000 in meme coins or blue chip businesses. I prefer initiatives with a track record, although I understand the appeal of DEXs for finding the next big thing. The crypto industry is always changing, and every decision has pros and cons.

Here are some factors to consider when evaluating the profitability of meme coins:

1. Speculative Nature: Meme coins are highly speculative in nature. Their value is often driven more by sentiment and social media trends than by fundamentals, such as a well-defined use case or technology.

2. Volatility: Meme coins are known for extreme price volatility. They can experience rapid price increases followed by sharp declines in a short period. While this volatility can lead to quick profits, it also increases the risk of substantial losses.

3. Lack of Utility: Many meme coins lack clear utility or a practical use case. Unlike some established cryptocurrencies like Bitcoin and Ethereum, which serve as digital assets or platforms for decentralized applications, meme coins may not have a clear long-term value proposition.

4. Pump-and-Dump Schemes: Some meme coins are susceptible to pump-and-dump schemes, where the price is artificially inflated by manipulative actors before collapsing, leaving unsuspecting investors with losses.

5. Regulatory Risks: The regulatory environment for cryptocurrencies is evolving. Some meme coins and their creators may face legal and regulatory scrutiny, which can impact their value and viability.

6. Short-Term vs. Long-Term: Profiting from meme coins often involves short-term trading and timing the market correctly. Long-term investment in meme coins may be riskier due to their speculative nature.

7. Timing and Luck: Success in meme coin investing can sometimes come down to luck and timing. Some investors have made substantial profits by getting in early and selling at the right time, while others have suffered losses.

The problem is that meme coins are usually found on DEXs and there are thousands of different types of meme projects there. I think it will be very difficult to find good projects in the beginning because we can't trust their white papers. And if the meme coin has been listed on a large exchange, of course the price will no longer be the same and it will be very difficult to get the lowest price. I think it's like you should spend $1,000 on 10 meme coin projects on DEX or $1,000 on blue chip projects.

I can say that meme projects are like gambling and not investment assets. Likewise with some altcoins that do not have the goal of becoming sustainable coins. I agree if you say that meme coins are for taking profits in the short term. Place your money then when it shows the results immediately all out all your bets. In this way, you can minimize the risks of investing in meme coins.

Yes, I have been seeing meme projects in the market with some positive display that they will stay long to allow their customers to earn more incomes from their investment. It will be favourable if investors can invest half of their money on meme projects and invest the remaining money on potential coins that will not require high risk before they can achieve huge amount of income .  I think, meme projects are good for short term holding before you can take the risk to release them for sale, because they can disappear at anytime without giving you any sign that they want to misbehave in the market when you are trying to apply long term holding on them.

Instead of just investing in coins like ARB, OP, EDU, SUI, why not research and invest early in meme coins with a small amount of capital? The key is to take the time to learn. It's very interesting, but to achieve something interesting, the initial investment certainly has to be extremely low

Why are you so interested in meme coins? Why don't you specifically ask about a meme coin project you're interested in? If you're seeking input from others, those two questions would be appropriate. It's challenging to find a meme coin with good growth potential and significant profit, believe me, if you don't want to risk losing your entire capital in meme coins

I don't fully understand your question. While I don't invest in meme coins, as a cryptocurrency investor, I am happy to see meme coin leaders experiencing significant growth during bearish market periods.

Surely it's risky for newcomers entering the market, but it's also attracting more new participants to the market. I'm certain that many people understand that. Indeed, the market is mostly comprised of meme coins and shitcoins.

We admit that at the moment there are lots of new meme coins coming in, one that is successful, for example Shiba, there are 100 other Shiba memes with different ending names and the thing that is a note for myself is specifically meme coins, especially if it is related to market volatility, which is very speculative behavior from the owners themselves, if they are good they will maintain the coin and make the price even better with various efforts and ways that happen instead to trade the coin too and this is just my assumption.

It may have no value or cannot be pushed up in price when good projects are prioritized for price increases. It might eventually gain value, but if you want to choose a meme coin to quickly increase your assets, it's really difficult, and if you manage to choose one, you must be very lucky

Meme coins are fine.  They are  usually started as casually joke coin, fun and like virtual world entertainment vs real world in Macau or Las Vegas. They are all for similar stuff.

But do not bet your house on them. Control your risk.  Know your limit, this is important.

I myself am only focused on UTXO meme coins such as dogecoin (scrypt mining), and Cheetahcoin (SHA256 mining for home solo miners).  But certainly there are many meme coins there today.

Why are there still so many people paying attention to meme coins? From a price point of view, it is very supportive to buy it. Maybe many are speculating and hoping that when the bull market comes, they will get a surprise, although it does not guarantee that it will be easily obtained. I'm very sure they also know the risks that will occur with meme coins, but still, there are those who always speculate.

I just can't decide how logical the memecoin market is for the forget it. If you do not follow closely, there can be huge losses. If you follow it constantly, there is a risk of selling before reaching the target 

The reason why many new participants are into memecoins right now is that they find it easy money even though I believe it's not. For me, it's more of a waste of money since most of them turn into a rug projects just shortly after people invested their money on these memecoins. And I always avoid investing in them since when it comes to investing, there is always risk involved. But for memecoin, I can't take that risk since it's riskier compared to other altcoins with great potential. And I also only have limited funds so I would rather invest it in good crypto than risk it on memecoins.

Everything in life has session and the cryptocurrency market is really experience Bear market for a long time now and is a good time to invest, mostly in Meme Coin are doing well in next Bull Run market and can take a look of pepemo Coin is meme Coin that is running still running Initial Exchange Coin Offering (IEOs) and is good to buy and is time of meme coin's. Therefore make your research before investing your hard earned money.