Would you guys invest meme coins now? - page 5.

Victorik

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Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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.

For me, it's a no for meme coin right now. The market is in a bad shape and investing in meme coin would not be a very wise thing to do.

Meme coin usually do not have any tangible utility, it only thrives because of the community behind it and just right now, I don't think any meme coin will have a very vibrant community to push it.

CryptoATM

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No, I wont, you are throwing money away by investing in any meme coins right now, find layer 2 projects like Optimism you will thank me a few years later, real use case is why projects double or triple in value after a year or two, meme coins are just so useless.

TheGreatPython

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Quote from: LastKiss on August 08, 2022, 04:24:02 AM

Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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.

Someone promoting it because they already paid for it so it doesn't weird if some communities want to increase their popularity among new investors. I won't invest in meme coin if that coin is not good enough like their lack of community and only pump and dump happens there. I've tried to invest on BabyDog* last year and the result is not bad at all.

That is the people you should be most afraid of. I mean these are the people who will make sure that they end up selling for a profit, and do not care if you lose along the way. They will promote it to the point where it is high enough price that they are not in a loss anymore, but if you buy there then they will not be around because they already sold and left when they reached profitable prices.

So, do not trust the promoters that will leave you hanging, just do your own research on each project. Meme coins right now are the lowest point of investments and if you still do it today then you are making a big mistake, it had a hype for a while but it is not good at all.

abel1337

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Quote from: capedbaldy on August 08, 2022, 06:53:06 AM

Quote from: LastKiss on August 08, 2022, 04:24:02 AM

Someone promoting it because they already paid for it so it doesn't weird if some communities want to increase their popularity among new investors. I won't invest in meme coin if that coin is not good enough like their lack of community and only pump and dump happens there. I've tried to invest on BabyDog* last year and the result is not bad at all.

Some content from youtubers and some traders have been paid to increase promote meme coins so don't be surprised they always share posts and reviews of promote meme coins, be careful for meme coin hype because like babydog* and many other meme coins just scam, pump and dump games, and some scam projects that the team steals liquidity by selling all the tokens in other wallets.

I remember the days that meme coins are on trend and everyone is creating their own meme coins and everyone is doing their best just to beat or get a head into other meme coins. There are situations that meme coins who gathered enough tractions to the community are being copied and introduced on different blockchain and miraculously it attracts the eyes of the community. After a week of hype, There are a lot of meme coins going scam and being take advantage by pumping and dumping and I remember that influencers are the one being blamed at on those rugged meme coins. Surely influencers, content creators or anyone that has name and promotes such coins learned their lesson from their experience.

Scamming at that time by making meme coins where easy as hell.

livingfree

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Quote from: Yiodilly on August 08, 2022, 02:28:21 AM

Only if that meme coin is going to promote a new project.

That doesn't make sense.

A meme coin that's going to promote another project? I don't see why a project be it a meme coin or not will promote another one.

Quote from: Yiodilly on August 08, 2022, 02:28:21 AM

If not, other alternate coins with promising roadmap(dyor) and well managed are better.

Well, again with those ideas and thoughts about promising road maps. There could be the best road map for some projects but during the application, they don't meet those criteria they make.

capedbaldy

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Quote from: LastKiss on August 08, 2022, 04:24:02 AM

Someone promoting it because they already paid for it so it doesn't weird if some communities want to increase their popularity among new investors. I won't invest in meme coin if that coin is not good enough like their lack of community and only pump and dump happens there. I've tried to invest on BabyDog* last year and the result is not bad at all.

Some content from youtubers and some traders have been paid to increase promote meme coins so don't be surprised they always share posts and reviews of promote meme coins, be careful for meme coin hype because like babydog* and many other meme coins just scam, pump and dump games, and some scam projects that the team steals liquidity by selling all the tokens in other wallets.

LastKiss

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Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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.

Someone promoting it because they already paid for it so it doesn't weird if some communities want to increase their popularity among new investors. I won't invest in meme coin if that coin is not good enough like their lack of community and only pump and dump happens there. I've tried to invest on BabyDog* last year and the result is not bad at all.

Yiodilly

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Only if that meme coin is going to promote a new project. If not, other alternate coins with promising roadmap(dyor) and well managed are better.

Sayeds56

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Quote from: minairia3 on August 04, 2022, 05:42:23 AM

Quote from: bitterguy28 on August 04, 2022, 04:59:05 AM

Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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 invested in Meme coins and that is Dogecoin that I have been holding for some time now and with those? I don't think that I need to add more as all of my holdings are enough for holding for the next coming years.

You invested all in doge and don't have any coins other than doge?. I don't think doge will die like other memecoins but putting all assets in dogecoin is quite risky and profitability is also unpredictable as the hype of dogecoin is mainly based on Elon. If he announced to stop supporting doge maybe doge will have bad days. Doge or meme should be short-term investments and should not be poured into them.

I think it is not wise decision to reject every meme coin without going through its fundamentals and in particular its use case. If coin is following timeline as given in road map, burning mechanism is working well and new partnerships are being announced then there is good reason to take entry in such coins. For example, Shiba Inu will soon launch game app which can attract investment and trigger price rise.

https://www.benzinga.com/markets/cryptocurrency/22/08/28324721/shiba-inu-unveils-new-game-to-be-launched-for-iphone-and-android-users

Farma

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Quote from: bounceback on August 04, 2022, 04:15:33 AM

The market is undergoing a correction that is likely to continue so I don't think it's advisable to invest with meme coins because we all know that meme coins are coins that have no fundamentals so there is no guarantee for us that the price will rise again when the market has recovered, if only to test your luck you can try to invest with meme coin now but you have to invest with small capital that you can afford to lose.

well, basically for now, investing in meme coin is still very risky, especially because of the price correction that occurred. maybe many people think that this could be an opportunity to have a coin with a low price, but that could mean a mistake, because when the price drop occurs, the meme coin price will dump quite a lot, and is prone to making investors big losses. however, it is not recommended to invest in meme coin at this time. it is better to choose a coin with a clear and popular perspective. it would be great to only have coins like bitcoin or ethereum.

S A KHAIR

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Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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 can take the risk you can try, why not?. Doge and Shiba are offering huge discounts off their ATH prices, so it's not a bad idea to buy them now. But after all, they are just memecoins with no evaluation or promise so the investment would be very risky. So just invest a little in them and watch as buying lottery tickets with the hope of luck.

icalical

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Quote from: bounceback on August 04, 2022, 04:15:33 AM

The market is undergoing a correction that is likely to continue so I don't think it's advisable to invest with meme coins because we all know that meme coins are coins that have no fundamentals so there is no guarantee for us that the price will rise again when the market has recovered, if only to test your luck you can try to invest with meme coin now but you have to invest with small capital that you can afford to lose.

Totally agreed, with the market condition like now, investing in memecoin will be very much of a risk, even in the bull market most memecoin aren't gaining any value, the only time a memecoin price goes up is when a big name shill on it, even the pioneer like Doge only goes up when Elon Musk talk about it. And I also agree that anyone who want to invest in meme coin should be prepared to lose their money.

mzuhry19

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maybe for now investing in meme coins is not for me, because I'm not ready to see the price drop immediately because I rarely see the market, because my investment goal is for the long term, while meme coins are only for a short time

minairia3

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Quote from: bitterguy28 on August 04, 2022, 04:59:05 AM

Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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 invested in Meme coins and that is Dogecoin that I have been holding for some time now and with those? I don't think that I need to add more as all of my holdings are enough for holding for the next coming years.

You invested all in doge and don't have any coins other than doge?. I don't think doge will die like other memecoins but putting all assets in dogecoin is quite risky and profitability is also unpredictable as the hype of dogecoin is mainly based on Elon. If he announced to stop supporting doge maybe doge will have bad days. Doge or meme should be short-term investments and should not be poured into them.

bitterguy28

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Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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 invested in Meme coins and that is Dogecoin that I have been holding for some time now and with those? I don't think that I need to add more as all of my holdings are enough for holding for the next coming years.

bounceback

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Quote from: I_Am_Chamara on July 08, 2022, 01:56:25 AM

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.

The market is undergoing a correction that is likely to continue so I don't think it's advisable to invest with meme coins because we all know that meme coins are coins that have no fundamentals so there is no guarantee for us that the price will rise again when the market has recovered, if only to test your luck you can try to invest with meme coin now but you have to invest with small capital that you can afford to lose.

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Quote from: bluebit25 on August 04, 2022, 12:12:20 AM

Quote from: maartenhaha on August 03, 2022, 11:38:08 PM

When a market like this is a great opportunity to invest meme coins like doge coins and shiba coins indeed many say that shiba coins are no longer a trend today but I firmly believe that those who hold shiba coins today will make huge profits in the future. future, you can believe it or not.

Our beliefs are different about the future, as I and many others have benefited greatly from buying them early, but I will never go back for a long-term hold on these products. Sure, if some hype occurs, it's only considered risk money in the jackpot games because they're not investments that I think are safe in terms of risk and return.

It is true that I also invest in Shiba, but not that much, and I am willing to lose it without affecting my other investments. It can be said that shiba or memes are risky investments so it is more like a lottery than an investment. they are not suitable for long-term investment, it is suitable for speculation and should be sold when profitable.

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Quote

When a market like this is a great opportunity to invest meme coins like doge coins and shiba coins indeed many say that shiba coins are no longer a trend today but I firmly believe that those who hold shiba coins today will make huge profits in the future. future, you can believe it or not.

Based on the past experiences on those coins you just mentioned are very good for long term traders, because those that took a good step some years ago to invest on them really made a huge amount of profits few years ago, when the price moved higher in the market. This is the right time to invest on meme coin because the price is still low for long term traders to make a good choice to invest now and have a good confident of making a good profits in the future without fear. I believe, those who purchased all those coins few months ago will definitely smile very soon, because the market price is changing gradually in the market.

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although coin memes look promising like what happened with Dogecoin, but I'm more convinced of utility coins like ethereum or network coins like BNB and SOL. Meme coins are great when it's hype, but they're also volatile, not a long-term investment.

bluebit25

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Quote from: maartenhaha on August 03, 2022, 11:38:08 PM

When a market like this is a great opportunity to invest meme coins like doge coins and shiba coins indeed many say that shiba coins are no longer a trend today but I firmly believe that those who hold shiba coins today will make huge profits in the future. future, you can believe it or not.

Our beliefs are different about the future, as I and many others have benefited greatly from buying them early, but I will never go back for a long-term hold on these products. Sure, if some hype occurs, it's only considered risk money in the jackpot games because they're not investments that I think are safe in terms of risk and return.

Topic: Would you guys invest meme coins now? - page 5. (Read 2381 times)