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Topic: Would you guys invest meme coins now? - page 11. (Read 2364 times)

sr. member
Activity: 1554
Merit: 413
July 08, 2022, 12:31:25 PM
#28
I wouldn't to be honest. Their era could be over but you may want to monitor movements in Doge if you are still a fan of these meme coins or tokens. Their resurgence in the last bullrun stared with Doge after all. There was some group that pumped it on a centralized exchange that caused some controversies and then you have Elon's tweets. I think Shiba also managed to build a cult-like community so it's probably safe to say they will survive this bear market.
hero member
Activity: 1820
Merit: 526
Leading Crypto Sports Betting & Casino Platform
July 08, 2022, 12:26:42 PM
#27
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Doge and Shiba if you like memes you can try some with them, if you are lucky you will make a profit from them but with a new project it's better to stay as far away as possible. Markets are unpredictable, so don't risk losing your money just to make a few extra bucks.
As meme are risky investments, it is advisable to invest with the amount that you are allowed to lose, and it will not affect your life negatively.
hero member
Activity: 1820
Merit: 537
July 08, 2022, 11:42:53 AM
#26
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Memecoins are very high risk to invest, they are 100% only driven by the community (no clear utility and use-case), as long as the community still has trust, that's where this memecoin will exist. Even a project like Terra (LUNA) can collapse, that means it's not impossible that this memecoin will be easily destroyed. You're saying that KuCoin and even Binance are currently promoting Memecoin, what's Memecoin? can you provide proof? because I don't see them promoting any meme coins.

It will be a big risk to invest in meme coins during the market situation that we have right now. Weak coins might not survive so I would prefer stronger coins that can resist the bearish season. I will buy meme coins when they're active and being hyped again. Meme coins aren't good for long-term investment and buying them should only be good for the short term with perfect timing.
sr. member
Activity: 2366
Merit: 332
July 08, 2022, 11:25:13 AM
#25
My current investment strategy does not include meme coins. Top coins do not guarantee the safety of my assets, so meme coins are even more risky. If you want to invest in meme coins, now is not the time. It is much better to wait until there is a bull market because when there is a bull market when investing in meme coins will be very profitable in the short term since many of them can be easily hyped.

It is luck with meme coin investment. Last year during the time Elon musk got some hyping for dogecoin it got high price while more investors came in thinking it is bull time and good to run the profit race but never understood it was already higher and over valued, ready to take off the excesses away and the coin crashed to losses for late buyers. During the time it was around 0.02, it has less volatility and wise investors took the advantage to buy and wait. It is better to buy meme coin cheap and wait for a little profit to sell IMO.
legendary
Activity: 1876
Merit: 4532
July 08, 2022, 10:18:36 AM
#24
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
If you like projects, then invest in them 1-3% of your investment portfolio, and put up with the loss Smiley The main percentage of investments should be directed to ecosystem projects that have technology and solve some problems.
hero member
Activity: 1540
Merit: 725
July 08, 2022, 10:07:16 AM
#23
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Memecoins are very high risk to invest, they are 100% only driven by the community (no clear utility and use-case), as long as the community still has trust, that's where this memecoin will exist. Even a project like Terra (LUNA) can collapse, that means it's not impossible that this memecoin will be easily destroyed. You're saying that KuCoin and even Binance are currently promoting Memecoin, what's Memecoin? can you provide proof? because I don't see them promoting any memecoins.
legendary
Activity: 1862
Merit: 1058
Next Generation Web3 Casino
July 08, 2022, 10:03:39 AM
#22
My current investment strategy does not include meme coins. Top coins do not guarantee the safety of my assets, so meme coins are even more risky. If you want to invest in meme coins, now is not the time. It is much better to wait until there is a bull market because when there is a bull market when investing in meme coins will be very profitable in the short term since many of them can be easily hyped.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
July 08, 2022, 09:45:04 AM
#21
So right now the market is unpredictable.
All of the time, the market is unpredictable. Even on bullish days, you can't predict the market as exactly as it is because that's how it works.

Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins.
It's part of their business so they promote it, they get money from those advertisements and as well as commissions per trade an affiliate of theirs make.

What would you guys do about this meme coins project?
Nothing.

are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
I'll choose not. If it's a few years ago when I was really interested in Dogecoin, I'll buy it but this time after it has pumped already, it makes no sense to buy it for me.
legendary
Activity: 2100
Merit: 1340
July 08, 2022, 09:38:26 AM
#20
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
To answer your question, it is worth looking at how many meme coins exist and how many of them managed to grow enough to bring significant profit. It doesn’t take a big mind to understand that there are hundreds of them, perhaps thousands, but how many of them we know, which are well-known, there are only a few of them. Therefore, this is a lottery with a very small probability of winning. If you are a lucky person and want to try your luck, then you can do it, but do not have high hopes for this investment, it will be like a lottery. Now when the market is in a drawdown, it is better to pay attention to bitcoin, or if you really want to invest in altcoins, then look at the top ones, I think that in the future this will bring more results than buying at random meme coins.
sr. member
Activity: 2366
Merit: 332
July 08, 2022, 09:20:09 AM
#19
Exchanges have no business with meme coin or any other coins, they are there for the business and provide the service for you to buy or sell what you want depending on what they have. So if you see meme coin in the exchange, it doesn't mean they forcing it on you or any body but the choice has to be yours on your decision to buy either value coins or meme coins. Investors that go for meme coin do that for their own reason known with them. They may hodl meme coin for just a short time to pump and they dump because they know it won't go steady up the road.
hero member
Activity: 1344
Merit: 565
July 08, 2022, 09:05:03 AM
#18
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
It doesn't matter if those exchanges promote meme coins as you claim that does not mean anything. People that have invested in meme coins before I believe didn't do so because of Binance and Kucoin but out of their own will to take risk and for those that it worked out for, nice. Whether we say don't invest people will still do so, Some of us are more willing to take more risk than others and people have seen meme coins as one quick way to make money regardless of whether it is also a quick way to lose money as well.
jr. member
Activity: 182
Merit: 5
July 08, 2022, 08:27:29 AM
#17
You should never buy a meme coin.

Think about it you are literally buying a joke Smiley

You literally buy jokes when you go to stand-up concerts Cheesy You go there, pay and laugh on obvious things like sun is yellow and sky is blue.


Touché  Grin
legendary
Activity: 2394
Merit: 1476
July 08, 2022, 08:13:11 AM
#16
You should never buy a meme coin.

Think about it you are literally buying a joke Smiley

You literally buy jokes when you go to stand-up concerts Cheesy You go there, pay and laugh on obvious things like sun is yellow and sky is blue.

Now on the topic - I would not invest in meme coins, now or tomorrow. I just dont believe there is anything that can increase price now. I am not talking about several percent increase, because that can be achieved by whole market mood change, but about doubling investment. I dont believe there is someone who is ready to spend money on meme coins pumps, and there are people left that trust to invest money into memes.
jr. member
Activity: 182
Merit: 5
July 08, 2022, 08:04:15 AM
#15
You should never buy a meme coin.

Think about it you are literally buying a joke Smiley
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
July 08, 2022, 07:55:10 AM
#14
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins.
Where did you see that? I rarely saw the exchange sites promoting the meme coins. Are you joking or what? i have no doubt if youtubers were doing it caused by they were getting paid for promotions. This is a common thing.

What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
I will never ever buy meme tokens. 90% chance to be a scam tokens. You shall avoid to deal with it. meme token was a garbage token. I will never tried to invest in meme token again. bearish market makes meme token even risky. So many scammers.
sr. member
Activity: 1722
Merit: 309
July 08, 2022, 06:43:34 AM
#13
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
I already have some experience in these meme coins and it wasn't really good. I give up trusting these coins, not just because they are shitcoins but it was because earning money from them is even impossible. Just look how Dogecoin changed its price during the bull season, not even it had the chance to surprise us but seem to be manipulated. From that moment, I'd see no fortune for these coins as I'd rather take ETH, or SOL instead.

https://medium.com/the-capital/the-potential-future-of-meme-coins-in-2022-b773541debdf
Could be realistic or not?
sr. member
Activity: 1722
Merit: 269
July 08, 2022, 06:43:13 AM
#12
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

I personally stay away from meme-coins. To be honest for me those are just shit-coins. Just look at how the whole meme-coin hype started last year. Elon Musk made a few tweets about Dogecoin and that was it. After that Dogecoin pumped and a lot of people wanted to make some quick and easy money by creating a meme-coin themself. Creating a new ERC-20 or BSC token is really easy and so we had like 100's of new meme-coins appearing each week during the height of the meme-coin hype.
99% of those are all dead now again obviously and only a few of them like Shiba-Inu are still there.
The longterm trend for meme-coins is downwards in my opinion because they are completely useless.
sr. member
Activity: 1400
Merit: 259
July 08, 2022, 06:34:55 AM
#11
I would not trust a memecoin to be a good investment especially in these times. If you are expecting them to pump during the same time Bitcoin will then why not just go directly invest with Bitcoin. Security is not an issue with it and so is the trust rating. While these memecoin could just vanish in a blink of an eye. You won't want that feeling of losing just because you made a mistake. Memecoins may be cheap but that's still money you are spending and it's more worth it if placed in the right coin.
hero member
Activity: 2926
Merit: 567
July 08, 2022, 06:14:59 AM
#10
So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Meme coins are trend coins that will soon be over, even if these exchanges support meme coins the community will always go for usability, they promote these meme coins because they also made profits from trending coins, remember when PVE  and Play to earn are trending so many exchanges support this to increase volumes because these are pump and dumps projects every trade means profit until these trend coins die a natural death, and these exchanges will support new trending coins.
newbie
Activity: 14
Merit: 0
July 08, 2022, 05:49:27 AM
#9
not really unless a token has utility or is  part of a bigger concept that could be used in a game for example
I dont really see any use of the token to exist.

Meme tokens are only in existence due to the community.
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