Topic: Why we need to buy meme coin? - page 6. (Read 2744 times)

What you’re saying sounds like scam projects. I am not trying to defend meme projects but there are memecoins that are doing good currently, some of which have made people millions of dollars. It’s only that after the rise of these well-doing memecoins, people started creating memecoins to rather scam people. Some will hold presale for a coin they know will never get listed. And this isn’t just about memecoins (even if they have a lot of ground on this), it’s about altcoins in general. Just DYOR (even if it doesn’t guarantee that you’ll not get scammed).

There are thousands of MEME tokens, this craze is back again, a few of them are trending in the market every day. Right now it looks like Bitcoin is buying one MEME token after another. Other altcoins have been crushed a lot, and investors who remain in altcoins against Bitcoin are inevitably running out of patience when they see MEME tokens rising.

I think meme tokens are misleading, of course they can make money, but they are good at misleading the target.

True, but it's the potential profits that lure in investors towards meme coins, and the creators and crews of these meme coins know they will get a lot of investors if they make a bunch of fake promises because the market has seen meme coins performing way better than their abilities and a lot of investors have become millionaires because of their investments in meme coins even when their investments weren't that high.
So it's a mind game that the creators play with investors, and to be precise, most investors in meme coins are newbie investors which means that the creators of meme coins specifically target new investors for their projects.

After the success of other meme coins, there are lots of choices that were created to join the hype and confuse the investors, and also most of them are scammers that just wanted to get their hands on the investor's money because the hype is in the meme coins at that time. Now we no longer see the real one easily since the variety of choices is huge and they are also unpredictable unlike Doge Coin that is backed up by Elon Musk, others are not even real they are just created to hype the investors and when they take the bait, they will loss and run with their money.

You are right, investing in meme coins carries great risks, however, people ignore this fact and invest in them because of the potential returns they provide, just like the one you mentioned where Floki and PEPE pumped all of a sudden and gave good returns to their investors. For me, I wouldn't take the risk of investing a lot of money in meme coins even though I know they can be very profitable at times because it's not worth it, your mind can't be at peace because they don't always do that.
It's true that when there are more risks, there can be more rewards, but that doesn't necessarily have to happen with every single meme coin that is created and advertised around the industry.

big-name coins like Ethereum usually bring more chill vibes compared to memecoins, but keep it real - all cryptos ride the rollercoaster of volatility. Even the OG Ethereum ain't immune to some wild price swings.

Quick reminder: Don't just ride the wave on someone else's advice. Do your own homework, get the lowdown on the risks, and only throw down what you can afford to kiss goodbye. The crypto game is always shifting, and what went down before doesn't guarantee what's coming next. Stay sharp!

that's right as you said. If you don't want to take very high risks, it's better to stay away from these kinds of coins. choose one that has a large market capitalization. so the price will not fluctuate. for altcoins I recommend ethereum.
However, if you want to get rich quickly and dare to take the risk that your money will disappear quickly, then choose memecoin

To be honest, I have no motive to buy meme coins, and instead, I would rather purchase bitcoins for long-term investment and holding. For me, meme coins are more influenced by online communities and social media trends. People are simply too idealistic about becoming wealthy more quickly, but only if they are aware of the risks involved. In other words, because of the hype and the sudden fluctuations in value, it might be more appealing to some than others. However, it's also important to remember that meme coins may be very risky and are frequently very speculative, so you should use caution while purchasing them.

for real! Sleep dreams of gettin' rich quick can turn into a cry real fast. Meme coins?

Risky business, man. They hype you up with flashy deals, but truth is, they're short-lived. Most meme coin crews are greenhorns with little know-how. They're here just to snatch your cash and bounce. Stay woke, choose projects with solid foundations

DYOR

I believe that investing in meme coins is a personal choice, but sometimes I succumb to FOMO when I see their growth. I often buy these coins when there's no significant activity in the market. I'm also surprised by the trading volumes of these coins, which sometimes exceed those of projects with solid technology and ideas. Apparently, meme coins have a speculative nature in the market, and that seems to be the case.

The memecoin wave is starting to come back again. Looking at the last few days, I can only laugh because they continue. Don't want to make fun of them completely, because the comedic nature that appears in this trend gives it a vibrant atmosphere.
But let's be honest it comes with big risks and not everyone benefits, usually I look at memecoins as ponzi schemes where they don't have much applicability, but enjoy. It's an exciting time right now because it's boring anyway and people are moving on to other things, the FOMO is really getting stronger.

Memecoins is entirely gambling and a thing of luck because there are too many of them and the failure rate is so high. I think anyone buying memecoin should follow it like gambling where you know that the chances of losing all funds exists. One can get lucky to hit the jackpot with altcoins and the reward for such is just like winning a jackpot in gambling. I'm still thinking of buying altcoins but chosing the right one is the problem. One just need a good catch of it in this bull run to make some cool money, that is buy now and sell towards the end of the bull market after halving.

There are tens of thousands of coins and tokens. People who buy meme coins sometimes use them for speculation in the hope that with a little capital they hope to increase by thousands of percent and get big profits. Even though investing in meme coins is very risky because we cannot measure the fundamentals and we also don't know who is behind the coin and what they are doing and for what purpose.

Yes it is and Luck alone is not enough for us to survive in any financial market. Hold may be the best choice if we don't have any more money to add to our trading balance where in a few months the value will increase rapidly if the market moves positively.

The story is that it will produce 10 or 100 times the initial capital, sometimes it stops temporarily, but only for a moment, and even then for the lucky ones, they buy it at the beginning and hold it until it increases like it is now. . Personally, I haven't and don't want to take too big a risk in having such a dream.

Is Doge also like that? because we know that doge is also a memecoin. Pump and dump are the same as other memecoins, but if you look at the graph from year to year it continues to increase.

Yes of course meme coins is gambling coins because no single meme coin is created for the long time, it is just entering on the market for the pump and dump, so some people can make profits in big scale and many people's lost their fund in meme coins. So it's depend on you, if want to high risk then invest here to quick rich also need to remember a big chances to go quick poor if lose.

I agree with you. Currently many meme coins have their prices pumped and hit ATH. Nowadays people are starting to pay attention to meme coins because meme coins like PEPE and Floki have given around 100% returns this week. Of course this is a very good result with full returns. But you must remember that meme coins only have a short term and if you miss the moment to buy and take profit when it is hype like now then you will experience losses and it will be difficult to find the moment again. I think investing in meme coins has a big risk.

Clearly you know this and you still advice us to invest in meme coins is that not a little bit being controversial on your own topic, I was expecting some facts or something interesting you've found.

Investing In meme is like buying garbage metal and taking a recovery smith and hoping that when he shines it you would have gold and that's such a risky business and you must be ready to lose funds if you are not well experienced in doing so, investing in meme coins needs some kind of updates so you can be part of the set that takes that initial profits cause they are mostly pump and dumps made like a ponzi scheme.

The only safety in the crypto world is bitcoin since it has real value than all the rest, it's built on strict principles and has no owner in control of anything, no one can come and change or manipulate and take people's money and run away, in fact satoshi is no where to be found and the project is currently managed by open source developers, the total supply is fixed and it's currently the most scarce asset, so why not invest in bitcoin than having to risk it with meme coins where you have no real safety.

Although meme coins will provide huge profits if we choose the right meme coin, it is important to remember and note that investing in meme coins is a very risky venture and can often result in huge losses that end in fraud.
Investing in meme coins is very risky and you must be prepared to bear the losses incurred if you choose the wrong meme coin. Therefore, it is very important to carry out thorough analysis and research, and also always look for the best information for your consideration.

I'd like to focus my answer on this question: Why we need to buy meme coin?

Certainly! Let's delve into why GIGAChadGPT is more than just a memecoin and why it's worth considering:

1. AI Integration: Unlike typical memecoins, GIGAChadGPT is uniquely integrated with artificial intelligence (AI). Users can engage with the GIGAChadGPT AI chatbot on their website or via Telegram. This AI-powered chatbot aims to be the ultimate alpha chatbot on the internet.

2. Project Vision: The project's objective goes beyond mere meme status. The team behind GIGAChadGPT has a highly advanced vision and plan. They are actively executing their roadmap, which sets them apart from many other projects.

3. Legitimate Long-Term Potential: While memecoins often ride on hype, GIGAChadGPT stands out with its legitimate long-term potential. The team is focused on building real-world use cases, which bodes well for sustained growth.

4. Organic Community Growth: The community around GIGAChadGPT is growing organically and rapidly. Investors firmly believe in the project, and the Telegram group is devoid of spammers, FUD (fear, uncertainty, and doubt), or negativity.

5. Influencer Partnerships: The marketing team is securing partnerships with influential figures, including prominent Twitter accounts. These partnerships will help spread the word about GIGAChadGPT.

6. Early Investment Opportunity: With only around 1600 holders at its current market cap, investors are still very early in the game. Missing out on this opportunity could be a regrettable decision.

In summary, GIGAChadGPT transcends the typical memecoin narrative. It combines AI, community support, and a solid vision to create something more substantial. If you're looking for a unique project with growth potential, consider joining the GIGAChadGPT revolution!