Topic: Why we need to buy meme coin? (Read 2744 times)

Why shouldn't buy meme coins?

Because they have no value and their roadmaps are all similar.
Because they focus on selling the dream to users. "Get Rich Overnight "
Because they are very risky
Big profits with just a few $ investment? There's little chance to succeed
Because instead of working on the future of the project, the project managers focus on social media to invite more people to buy their worthless coin.

It is for many projects, and there are a lot of bad projects out there.

We're trying to create a safe and fair platform for memecoins at Haypenny. We include lots of controls that all memecoins will follow because they are on the platform. For instance, we allow memecoin founders to "lock" portions of the total currency available (similar to a lock-out period for a stock IPO), which makes the usual "pump and dump" scam impossible if investors demand these lock-downs.

You can read more about what we're doing to create a safe marketplace for memecoins here:

https://haypenny.net/#help-forex

Meme coins are just for the modern day pump and dump. Almost like a ponzi

Indeed, among the top 10 altcoins there are Doge and TRX but just like you, I do not invest in Doge and TRX, I prefer to invest in ETH, BNB, and SOL because for me these three coins can provide stable profits if done the right way.

It depends on the meme. There are brands that have been around and remain strong for more than 100 years. Memes like "coca cola" have obviously become more valuable over time, not less.

Some memes will obviously die, and some may not grow. But some will be huge. Memecoins are a risky investment, but there's clearly upside e.g. Dogecoin and so many of the others.

(And for most average consumer investors, "Bitcoin" is just another memecoin too  )

Meme coins price will gradually decline it's a nature of meme coins, these are pump and dump coin so meme coins will not stable for long time, every new coin make hype in the early stage then start dumping so notcoin and dogs are not different. But everyone will never buy meme coins, mostly sellers who participated in the airdrops, they don't complaining because they got free money, who's buy such meme coins from their own money they are complaining after price dropped.

Sometimes I like to think of the Haypenny platform as "training wheels" for memecoin investors: you can start by playing around with coins that have no negotiable value, and then (eventually) invest really small amounts like $5 or $10 just to play around.

I think this is what the market needs to get a lot of people introduced to the risks without them losing a ton of their money.

Experienced people can indeed trade meme coins and earn profit because they know exactly how much money they have to invest and where to recover that money if they lose it. But people who are new to the market if they invest in memes because they don't know which coins are actually scams or how long to hold and which coin will give how much profit then only losses can be faced. I also agree that trading on meme coins is almost like gambling where you can't be sure that you will make a profit. When trading on such coins, I suggest that you invest a small amount in them, if it goes to loss, recover it from somewhere else.

That's the point. Newbies don't understand that they aren't supposed to spend a lot of money on meme coins because they are supposed to be used as experiments and they go ahead and invest large amounts and then start complaining when they lose money in them.

Their volatility gets them every time, but people still put their money - why? I think it's just natural, really People are into high returns from nothing.

added with the fact that most of the meme coin winner are insider trader, the odd for the average joe like us to win investing in meme coin is really low, lets be real here, the get rich quick scheme from meme coin is just empty dream for average people.
if any, the get rich quick scheme only works for the insider trading that gonna dump on our faces whenever the chance is nigh.

so spare yourself from losing and invest it somewhere else.

in fact there were many stat published in twitter that only small amount of people actually profitable and if you made just $1 you already included in that group. this speaks a lot about the entire scene of meme coin.

Yep, we can only decide whether to go in or not by the general metrics and shilling behind the coin, hoping that there would no bad events related to the founds in the near future (which would dump any coin, especially meme-y one into the stone age )

There would really be always those newbies that will really be that loving on dealing up with something as long it could make them money then they would really be trying out to involved with it without knowing
the risks involved not until they would be able to experience those shit conditions specially on losing money. Realizations would always come at the end and its really important that its not that bad to read up others
experiences and conditions in regarding into investing into meme coins and sees up whether its something that you could bare out when it comes to risks handling or not. Just like on what most people been pointing out that it is really that indeed just that similar to gambling when you do deal up with meme coins. This market is really that saturated and there are tons of meme coins that being launched day by day and you dont really know on which one would really be able to fly and which one would really be that able to kiss on the floor on which it is really that hard to determine on this case.

Just make it sure that on the moment that you do decide on dealing up with meme coins not just because you've seen someone becomes that profitable but rather it will be best that you should
really be considering out first the risks taking that you will be needing and having those realizations that it wont really be that easy on dealing up with these things due to high risk factor.
If you do really that value much your capital then better to stick with those established coins in the market whether on Bitcoin or with those top altcoins that we do have in the market
on which this could give out at least that less risks.

The OP already said the reason on why they still proceed on investing in meme coins despite of its risk. You even said the reason on your second sentence. There are still people who have a genuine interest, I mean they might still be a newbie and they don't know yet about the risks that entails with the meme coins. Them having a positive mindset can make them say that I will increase my investment so that being rich once the crypto pumps up is going to be sure ball. I like to suggest you for not following them of investing in meme coins.

It is still possible for us to encourage or recommend a crypto that a person will invest even though we don't invest on it but indeed that crypto won't ever be a meme coin or similar low-quality and scam projects.

I realized that having a big capital in meme coin is really necessary. Not that we will use them all in one, two, or a few of them but there are lots of meme coins. It is like we are playing the lottery and we are betting a lot of number combinations only for us to have a better chances of winning. This must be the hardest part in investing in a memecoin. They don't have a use case or technology for us to base our decisions if which coin is a better candidate.

DOGS are yet to present their next features and surprises, so I wouldn't put them off your radar

We can see some meme coins on the TON network that can be an example that meme coins are not for long term holding. Notcoin had some popularity when it was first released. But now its price has stabilized. And since it is a meme coin, I don’t think there is any reason to buy it again. Then there was the popular Hamster airdrop but it seems like the participants still haven’t gotten paid. Right now Dogs is the new popular meme coin. But its price is very very cheap and many people are complaining. So I think if you are not betting your money on the crypto market, buying meme coins is not a good option right now.

For them, it's all about the x's at stake Nothing unusual, really, but not good in the long run.

Yes, they have the right to reject memecoins or to accept memecoins investment, which is very important for investors to have the skill of memecoin investment before accepting memecoins investment, because you don't need to hold the memecoins for long term before you can market your coins. When you plan to hold the coins for short term before you can market the coins which is the only way the gamble will favour you from the risk, because it is very difficult for those coins to bullish for a long time in the market. I think, I notice something like this from some successful investors from memecoin investment some years ago, they always make sure they are among the first investors to invest in that particular memecoins, because the first group of investors that invested in the memecoins always have the opportunity to make huge amount of income before the memecoins will disappear from the market.

what they expect from meme coins is their sudden increase. This makes many people gain profits in a short time. Many know that this is the same as being used once. If they have gained profit from one meme coin, then they will buy another meme coin. The problem is that newbies expect coins like this to have a high price if held for a long time. I have also joined the community and hope that the price can reach $ 1 or even become like bitcoin. However, they should do research before expecting too much.

Most people know about the risk involved in investing in meme coins, but I don’t know why they still decide to invest in them, and some of them don’t really leave a little amount, which they know they can lose. They do invest almost everything they are having in meme coins, hoping to become so Rich. I don’t invest in meme coins, and I don’t encourage people to invest in it because the risk is just too high, and I don’t make that kind of investment.
 
I have seen someone in my neighborhood who invests everything he has in different meme coins, hoping maybe one or two will pump and will cover up for the ones that won’t perform well, but all the coins that he bought didn’t pump, just like most of those coins are dead, and the money left in his wallet isn’t worth anything.

It’s their fault if they keep buying meme coins without any knowledge about it, thousands of memecoins are launching every day, and even an experienced teenager can follow a YouTube video to start his own meme coin. The only mistake is to take these coins as something serious, get manipulated to purchase large quantities of their coins without any roadmap or future. However, you can gamble your money and still win something if you are lucky enough to be one of the first investors on that memecoin before many others starts buying it.

The idea behind memcoins is very simple, and all you need is people interest in purchasing your cheap coins, with huge supply number, thinking that your coin possible to hit 1$, while it is impossible for that coin to hit a market cap of billions.