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Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

Yeah. I think beginners shouldn't invest in new meme coins. better learn first how meme coins work. or choose an existing meme coin. it's much better to avoid fake meme coins

What OP is trying to say is to be cautious and DYOR. It is a common practice in the crypto sphere whenever a project pumps then a lot of fake or copy projects come into existence. Not all are bad but some are meant only to scam new users. Therefore be cautious when investing in such projects.

I'm amused by this post.

I guess there is not much to learn about meme coins really. How a meme coin works actually doesn't matter at all. By the mere fact that a coin is called a meme coin, it is already an outright admission that it is a coin made for fun. In other words, it is a joke coin. It shouldn't be taken seriously in the first place. So there is really no point comparing an original meme coin from a fake meme coin. Is there even such a thing?

Well, the crypto market is still highly a wild wild west territory. People are literally investing money in jokes.

Fans of meme coins should read this article Will meme coins keep going to the Moon? (https://hackernoon.com/will-meme-coins-keep-going-to-the-moon)

With my experience in crypto market, I am not a fan of any coin. When I see good entry, and good risk/reward ratio, I join and I will exit when I feel enough. None of thousands of coins on the market can help you get profit all times. Profit or loss, it depends on your entry and exit price and the times you make such.

Look at the chart for Bitcoin profitable days (https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/). it does not mean all Bitcoin investors opened and closed their investments with profit.

I had one meme coin and its called kishu Inu. You are right these meme coins that are being spawn on the market are probably a dangerous one but we don't know those new coins will turn out. Not a good long term investment but if we try for few bucks who knows right? It could also be a good fortune later or not.

It's not only about new meme coins, but it's for all coins include Bitcoin too.
Bitcoin is the real one while BCH, BSV, Bitcoin Gold, etc etc were just a fork/copied Bitcoin. Forked coins are only created for money to make the developer rich, because most of people thought the forked one is cheap and able to successful like the main coin. That's why people buy fork or scam coins, less people would earn profit but most of them were loss.

Absolutely right. Along with the rising popularity of meme coins, there are many projects who speculate their fate to do the same. Meanwhile, there are some criminals who want to take profits too by scamming unfortunate people with meme coin modus. As newbies, we need to keep alert and not take a rash decision by following the hype or others' said. It's better to choose a long-term project with strong fundamentals. Even though it's not a quick profit, but at least it's safer (Although there's no guarantee).

More like, better with cryptocurrencies in general lol. Meme coin or not, even if a certain crypto project is trying to be a "serious" project, you're likely to get fourth-degree burns if you don't know what you're doing.

meme coin is hype coin and nothing more.
If I am not mistaken the founder of Ethereum was given a coin "SHIBA INU" and not long after that sold the coin and donated it to the handling of Covid-19 in India. My assumption is that Vitalik doesn't need meme coins "Maybe"  ;D
but what is clear is that everyone has their own choice. a little advice if you are a Trader meme coin then you must know when to enter and when to exit.

be careful = https://imgur.com/a/jFv5hBq

good luck.

I think that saying to be careful with new meme coins is like telling us to be careful before we enter something that will corrupt. Don't enter in the first place. This quote says it all;

Lots of people have read it, but they only focus on the latter. It's the higher f*ckin' risk. When you're buying meme coins you essentially buy a position of the pyramid. Whoever takes meme coins seriously should firstly understand what's a meme and why they're named “meme coins”.

Meme coins still trying to attract investors to invest in their project, but the trend is almost finished or has already ended.
We do not have to invest in meme coins instead search for the other coins which have a chance to increase and I think if we invest in the coin in the CMC or Coingecko, that will be enough for us to be our investment.
Maybe in the future, meme coins can become a new trend like before but with some changes and offers the other benefit but we do not know if meme coins can come back and give much profit again or it will not have a chance to back.
DYOR will be the best thing that we can do to prevent the scam project and avoid the coin that does not have a bright future.

Profit was nothing and they will not care about that. The problem is so many newbies have no knowledge about this even when the scammers who created fake token was rugpulling them and they are still saying that if they are fine. Those newbies are pathetic. Im saying about the reality that happened in the market. So many scammers these days were using the smartcontract destruction method. Meme tokens were just scam tokens.

Meme tokens have no motivation to create a new innovation because this tokens were only money grabbers tokens. There's no reason to buy this scam token anymore. So many newbies got various awareness but they are still don't care. This awareness thread maybe useless for newbies who didn't care about that.

well even not a copy paste meme coin because its common in the space and probably everyone can easily determine which is the real one by visiting CMC or CoinGecko. And you know you should be aware as well what always happen to such project in the market, because if you expect too much in it there's a chance of massive losses as they're known for hype only so be careful even it's not a fake meme coin. For me much better to rely to some trusted projects to assure your capital is very safe and there's a good return after all.

Nowadays a lot of coin memes are created to compete with the coin memes that are already popular, and many people are stuck with fake coin memes that have no clear motivation, they just want to make a quick profit and then leave,
but the meme coin trend will become more popular if real meme coins are made not just for jokes.

While learning and willing to try it with a little money is a very good thing even if the choice is a meme coin, because then they will also feel and learn it continuously for every thing they need when carrying out their investment.

Crypto Meme assets have emerged, after Dogecoin (Doge) skyrocketed earlier this year. Meme with the largest market capitalization is Dogecoin (Doge), Shiba Inu (Shib), and Dogelon Mars (Elon). In terms of technology, the like coins are already there, similar to these crypto assets.
It's best to follow the waves anchored, and not fight the current, if the retail has moved in the current, it is better to keep following the current.

There are tons of meme coin circulating around the market right now, and some of them are honestly doing good in terms of marketing and spreading the word. What I don’t like, though is how these meme coins which have no actual value or any use case, are getting the most attention compared to other coins that have the potential to make it big because of their features and not because of their solid marketing strategy. Many people will be burned for sure, then again if they already did their own research, there’s nothing we can do about it.

Be careful with all new coins! Meme coins, DeFi, NFT... and there are good projects from each of them that got their success, but that success is often followed by scammers, they try to copy/paste what is popular and to scam people, especially newcomers!
It's tricky even for experienced people to spot a scam, for inexperienced even harder! So be careful with new projects all the time!

meme coins are indeed very interesting if you look at the crazy profits they make.
but not all meme coins can offer crazy profits like those minted by shiba inu dna doge.
be careful when buying meme coins, there are so many meme coins that pump with pseudo-increases.
and not a few coin meme scams / ponzi.
instead of buying meme coins, you should be beginners in the crypto world to buy coins that are included in the top 10 rankings on coinmarketcap.
because the coin already has a clear project and a large market cap.

Be careful in every coin, meme coin can be beneficial nw due to hype but once it’s over it will just be like other altcoins who loses their value. Its good to take advantage some popular meme coin for short term but not to the point of holding, doge might be a good long term investment to those who bought before but it may not be in others meme coin or even in any coins. There is a need to monitor all coins we hold and eyeing to buy.

If you can ride with the hype, meme coins would be profitable for short term. And sell them once the hype is over because for sure the price will just drop down suddenly, and worst it may not recover again. So its always best if we can be more careful when it comes to meme coins.

However, if you don't like the idea of investing into meme coins, then focus on solid coins like ethereum and bitcoin. They may be affected with price corrections but never will their value go to zero. That's the big advantage if you can have them in your portfolio.

I don’t even have any single meme coin on my portfolio, not even Dogecoin itself, not to talk of SHIB. I just don’t like the idea of meme coins, although Dogecoin and SHIB seems to be doing really fine and SHIB has been increasing in value and even got added to Coinbase. But, other ones I have been seeing are really discouraging, and so far I think SHIB has seemed to be the better one right nowand it has been increasing in value steady.

I have seen a lot of others and from their names you can tell that they are just copycats and some really unserious projects that are heading nowhere at all.

That is the risk that people are taking right now and I do not get why they are taking that risk. If you ride the hype and make a good profit in the short term then it is great for you, kudos. However if you end up losing, then what is going to happen? What could you do when the price crashes so low that it never recovers again? This is why I suggest that people should be staying away from memecoins because you could make a profit in the short term but there is a risk of losing money long term.

If you are right about the price at the early period, then you are going to be good but if you fail that, then you are screwed and we are not talking about just losing 10% here, we are talking about a big crash potential.

Meme coins are still moving until now and many new projects are into this market now, newbies should not invest right away because its too risky and they have to analyze it first since meme tokens are just a hype tokens without its purpose. This is a warning for everyone not just for a newbies, meme tokens are still coming in to scam many people.

Yes that's correct meme coin always try to work on the mechanism of burning the token first they invest in their project then they burn it yes you are correct newbie shouldn't be invest in the project they personally don't know , ALWAYS REMEMBER THESE THING CRYPTO IS REALLY VOLATILE MARKET so INVEST what you afford to lose, no doubt some meme coin can you very good return but you should remember it should not be for long term

Anyone that invests in a meme coin with the hope of getting rich overnight actually deserves to lose everything. They knew the risks, they still did it. You know its a meme coin as soon as you read the name. There are hundreds of those shitcoins (aka meme coins) now popping up. They get pumped up, people start joining and then the token gets dumped. A new one emerges and the cycle follows. And like you said, right now they are using the "coin burn" hype to grab peoples attention. Those meme coins issue 1 billion coins and then they start burning to bring down the supply to 500 million. Why not just start with 500 million tokens?

I invested money only in shiba inu because of the plans ahead of the project, if alt season starts between now and December these coin can reach a new ATH but it's always better to get into meme coins when they are very new and invest only what you can afford to lose

You are right but hypes sometimes brings good money, those who wants to hold will end up losing out, when it comes to coins like meme coins know when to get in and know when to get out, if Dogecoin can still maintain 0.25$ at this rate then good meme coins can do near same

If they or beginners who don't understand how it is investing and also don't know all the coins very well, then it's better not to choose anything before they study everything regularly, because that is also to avoid them from a very big risk when they have chosen something in cryptocurrency

Taking advantage of the market hype, a lot of fake projects have been created to scam new users. Not only meme coin, defi, nft fake projects are also created every day. Be careful with new projects, research and analysis before investing. Or we can ignore them instead focus on the top CMC coins, they still have the potential to generate big profits for you.

For meme coins there will always be a greater risk than the potential increase, because if the coin can be pumped very large, then there is always the possibility of being dumped in a very large size and the late entry will always lose with the dump.

I'm not investing in this meme coin their time is almost up they are just hype, a pump and dump duplicate of Dogecoin, it started because of the pumped of Dogecoin, Dogecoin will be out in the top 10, they dropped from the 5th place to tenth place and I expect it to go down further until they go back to their old price, investors should look for a coin with real value, not because one whale is behind it.

There are lot of fake projects in the market and they tend to make victims in newbie form like the coin will offer high bonuses to the holders and they can stake it and then burn the supply to increase the price but in reality they don't have any usage so what's the fun of holding these coins when you can't use them or very less liquidity? So be careful in holding them as once crashed they will not be able to recover because once whales pump them they cash out the profits and the one's facing losses are the small investors.So stay away from them.

People said the same thing for Shiba Inu and now those who didn't listen to people like you are now driving their lambos and flying their jets. Shiba Inu (son of Doge) is setting a new standard for the meme coins. Don't be jealous. There will be other meme coins as well. You just can't stop the meme factory. Nobody can. It is out of the bottle now.

The hype always happens in a very short duration of time, so if someone doesn't want to take advantage of that moment, then he will be hard to find a moment of almost the same hype next time, because if the target is meme coins, everyone has to get in early before hype happened to him.

An investor must dare to take risks, cryptocurrencies are a type of risky investment so we must always be wise when investing in cryptocurrencies, it must be admitted that Meme is a trend that has made cryptocurrencies skyrocket to what it is today and meme coin investment is very good and profitable, I have proven it by investing $250 at the beginning of the year and earn more than $4500 profit by investing 5 meme coins.

My favorite altcoins are ETH, BNB, MATIC, LTC and this hidden gem PAYB, I don't know the reason why people keep not seeing this amazing altcoin. They’d rather waste their hard-earned money on these meme coins than invest it in a more established and promising project like Paybswap. They’re launching an innovative DEX, connecting Binance Smart Chain to Etehreum via super-hyped Polkadot ecosystem.

Meme coins have become like a really big festival, every day new meme coins come out, they are all similar to each other and they are all jokes that have no real project, I think the main reason for the emergence of this large number of this type of coin is Elon Musk, after his adoption of Dogecoin and the crazy rise For its price and then the Shiba Inu coin, which also achieved great success, the mad race for meme coins began and a very large number appeared aiming to make a quick profit by exploiting the good publicity they got through Elon Musk.
In any case, some of these Memes have achieved great success and others are completely unsuccessful, so whoever wants to invest in this Memes has to do a lot of research and he should not risk a large amount.

interest in meme coins because of wanting to take huge profits, I think it is greed that will destroy a trader. but all possibilities can happen, of course if you want to buy meme coins, never expect more and have to be ready to accept all the risks, especially if you want to store it for a long time, it's very wrong.

There plenty and actually thousand of newly sprouted crypto meme coins specially in the BSC network. Some gamblers are playing luck and easy money with these coins. Majority of these coins are related to DOG meme coins.

fake meme coins ? but are there even legit meme coins ? when both of them have the same offer but yeah i noticed them too whenever i visit coinmarketcap and also to coingecko ,
 some of them are featured in the middle of the page because they are trending or have pumped  . its easy to recognize a meme coin by its name but not all that they feature are meme coins .

Aside from Shiba Inu, do you have other meme coins that you could tell us here in the forum dude, so that we could be aware for not buying it.
At least with your advise We can have an idea to tell some my friends to avoid it so that their capital will not be turn into waste. Because, for example in Hotbit there are a lot meme coins over this platform and I can't deny also that I have some of the meme coins in which I depend it in the volume they got in the exchange site platform that is why I bought some it.

Crypto currency has become a pretty popular market since the launch of bitcoin, but a lot of the market for crypto’s conversation is dominated by meme coins. There are loads of projects and tokens out there with great fundamentals and a good backing for their value from use cases.
However, for every decent coin there is one with a meme-worthy name hoping to become the next meme coin. The meme coin list is now huge. This has led to some confusion between the meme coin meaning and the meaning of normal smaller cap coins. Some people seem to think that all small caps are meme coins, or that these are memes and not currencies at all. This is what you need to know:

Various methods are always used to seek personal gain.
best way just don't follow or buy new tokens and no good returns going forward.

Many are making money out of it while some are still struggling simply because they didn't know what they are doing so if you are planning to deal with Meme tokens better to understand it first and of course know the risk since this is meme token you can expect a more volatility and there's a higher chance that they'll be dead soon as long as the developer already took his profit. Meme tokens are originated with teh Doge hype, looks like they'll continue to come especially now that there's a new hype with SHIB.

Meme coins are usually created for hype so it is necessary to understand more deeply how to find profitable meme coins, because now many meme coins are popping up all the time they can be traded on dex exchanges and this could be liquidity being pulled and becoming a rugpull that we often hear that, maybe some of you have experienced something like that.

Remember if you don't have the ability in this case, it's better to avoid it before there is a big loss on what you invest, then once the hype meme token can benefit you many times over.

I am yet to understand why Shiba Inu got these huge hype and i still believe that it was created mainly because the developers knew that a hyped up meme coin when Dogecoin was running hot because of the shilling Elon Musk will help them create the hype and that is what it did exactly and majority jumped into the hype and there are several other coins created during that period.

The right way to buy when the price of the coin is fairly cheap and get a big discount, you can buy in large quantities in the future. There are many ways to generate personal profit in the future, but I prefer to invest with a longer term.

I can second that meme-coins can be extremely dangerous for investors that are completely new to crypto and just saw the news that "GUY XX made 100.00$ profit with an investment of just 100$ into meme-coin XX". Then they just throw their money into a meme-coin that sounds similar to the one that had this pump and then their money is gone. I also think that this whole meme-coin wave is very harmful and dangeorus for the whole crypto space as it holds off serious investors from making their move into crypto. In the end 99% of all those meme-projects will be dead within a few weeks.

it seems that meme coin is targeting novice investors who are tempted by the upward movement of the pump, they seem to regret missing this moment. in the end the money dropped drastically because of the dump market. and what they are doing, many of them are holding while hoping the price will recover, and their hopes seem meaningless

Meme coins are meant to be taken as a joke but people are actually trying to make a quick buck by trading these meme coins.
Any person who has asked me about trading any of the meme coin has only got one advice from me and this is not to waste your time and money buying these meme coins.
The thing is that most of the people thinking to invest in these meme coins are just buying them because of the rapid growth in their prices.
But what they don't understand is that the increase in price won't be sustained for very long and the price will drop down soon.

Coin meme or not it doesn't matter of legitimacy. If you ask me then I will say 98% token or coins doesn't have a real concept at all. All project has been running to raise funds and skip. A few coins list on the exchange but do not continue further developing processes, because they don't need to do so. They raised funds and enjoying with that. I will warn before investing in any new project, doesn't matter meme or not.

Even there is a potential concept but we can't do anything if they ignore further development. So it's very difficult to choose a real project nowadays due to scam trends. So investing in a good existing Coin is safer than a new project. You should very very careful during investing in a new project.

Not sure what's the basis of Meme project to become a legit one before but with DOge and Shib where big names are involve
these Memes received interest and support from investors who love taking the risk, people who see opportunities, even a huge risk are
taking place, they are willing to gamble with Meme coins and they are using listing sites to check if what hot memes are pumping
to invest their money. Having a lot of spare money to be an advantage it's like a gamble when investing with meme asset.

They want to make a big profit from that meme coins, but they do not realize that meme coins are not the same as the altcoin you mention. Besides that, they think that using small money will make a big profit in the future. Well, that is not wrong, as long as they can select the right coin and that coin has the potential to increase. If they only hope from meme coins, I am afraid they can be sad to see their investment not give them the profit. That is why we need to analyze every coin we want to buy, not to select the wrong coin.

if I'm not mistaken, meme coins like DOGE have a very cheap selling value. I didn't even think of pocketing the DOGE before the pump started. because I think that such coins are not profitable for investment. but instead when ElonMusk published on a twitter post about DOGE making the price go up drastically, people started coming to invest in it. including the scamers took advantage of the opportunity to create hundreds of new projects with meme concepts! for me personally it's bad, and not at all interested in meme coins.

It is better to stay aside from meme coins I think. There was a hype around them in spring, but now most of them are dying. There was news that Buterin has sold 6 meme tokens for 4,3 million dollars.

After this, many meme coins decreased by up to 70% so I think that it is better not to invest in them now as it is unclear if any of them will pump again or this hype will not return any more.  ???

Such coins attract traders with the opportunity to get a high profit, which is impossible to get by holding top coins. But not everyone gets a high profit, many lose their money. Therefore, if someone decides to trade meme coins, then you definitely need to use a stop loss to minimize your losses in case the price moves in the opposite direction.

It must be admitted that the profit that can be generated from meme coins is indeed much greater if we compare it to investing in popular coins.
But don't forget the risk is also very high, if we're not careful and it's too late to sell the meme coins that we have, we may lose all the capital we have.
I could say investing in meme coins is like gambling, because it is very difficult to predict its movement and if lucky the price can go up very high.
But if a dump occurs, the price can fall very deep and it may take a very long time to recover. What happened to SHIBA INU that managed to reach
new ATH is an example of why many people are starting to be interested in investing in meme coins. One way that we don't experience big losses
when the meme coins don't move as we expect is to use stop-losses. So the losses we experience can be minimized, my advice is don't think about
long-term investments in meme coins. So if there is an opportunity to take profit, do it as soon as possible. Because meme coins are good for
short-term investments.

Swapping of tokens wasn't new in the market and besides, this has a benefit from them and the investors as well. But if you said that they are doing this to escape from being caught with their evil intention and leave investors at loss, that is something we need to address.

That right, we should be wise in choosing projects to invest in, not only for meme coin but for all new projects as they are mostly the source of fake/scam projects. That is why we should have to check the credibility of the project and the team itself before investing for assurance.

First and foremost, investing in meme coins is pure speculation. After all, it is obvious that behind such a coin there is nothing else but marketing. In my opinion, new users or investors in cryptocurrencies should spend more time doing fundamental project analysis and investing where they see potential in the project idea. Basing your investment on speculation unfortunately, but in most cases you will end up wasting your money.

Meme coins are some coins with very promising and interesting profits probability, but it is only for those who already know how to utilize the chances.
but for newbies, I will suggest doing more research and also taking in the right moment in order to be at the right moment and not buying in the hype. Buying in the hype is very risky moreover if we don't know about the coins.
We know that meme coins are now likely a hype coin, but once more, if we want to get lesser risks, better not to try this.
I personally only have two meme coins Doge and Shib but they are not really for the long term. After getting enough profits, I will take profits at first

I want to invest money only in shiba inu because of the plan before the project, if alternate season starts between now and December this coin can reach new ATH but its always better to go into meme coins when they are very new and only invest what you can afford to lose

Be careful on each coin, either to take advantage of some popular meme coins for short or long term, but not to the point of holding, doge may be a good long term investment for those who bought before but maybe not on someone else's coin meme or even in any coin. There is a need to monitor all the coins we hold and want to buy.

We could have made huge profits with Shiba Inu and Dogecoin, but it should be more realistic when in the crypto space there are hundreds of such things, and they are not a finished product, just a product simple pump and dump.
When the market is bleak we can see it has nothing left to exploit, stupid ideas are created and many people make fools of themselves. Even if you can profit from meme coin, if you care and hope too much in this market, then one day you will also lose everything that you thought was great.
Here I trust BTC and leading platforms to help solve more problems in life.

very true . too many meme coins are popping up aimlessly and just using names that look like they're going to be successful like using nick MOON in
 their coin or using successful meme coin names in their projects. actually meme coin I see is getting more random and ridiculous. from animals to troll pictures. hopefully no one falls into these type coins.

Buy the news and sell the hype   ;D I believe this is the least you can do with meme coins and they aren't really that bad atleast not all of them, some are scam and some have serious Devs, if you want meme coins so badly make sure you invest low amount

But I think it would be better for beginners not to try investing with meme coins because maybe beginners don't know which meme coins are good and which meme coins are fake. I think it's better for beginners to buy Bitcoin in small amounts as a basis for learning, although luckily it's still a little.

Always be aware of important things for investors, I have been used to investing in coins since 2017 and the results are satisfactory, although I often get scammed but this is normal because I have received up to 100x potential profit, and the current trend is coin memes, as long as it is still profitable, of course invest in coin memes is a nicer thing.

But it's still not recommend to invest in meme coins to newbies, they will likely losing money if they invest it. I guess it's ok to invest with your extra money but not your savings you know. I really recommend to invest in the top coins in the market, it's less risk if they hold for long term.

This is the reason why I don't trust these new coins that were suddenly emerging out of nowhere. If I were you, I'd go with the more established ones like BNB, LTC, ADA, XRP, and a few more undervalued coins that are hovering just out of everyone's radar but have a huge potential to pump big - I'm talking about Paybswap, the DEX that is planning to use Polkadot substrate node and relay chain to perform BSC to ETH trades. Are you curious about this hidden gem? Go and check it out!

Your advice can be considered, but if he is a newbie in trading where the capital is not large, then choosing a good Altcoin is also one of the right solutions in my opinion, you don't have to go straight to Bitcoin but try Ethereum or BNB first before choosing Bitcoin for the right one. the first time.

I stay away from buying new meme coins, I think is just a coin that has a short time life in the market. I am sure most of those new meme coins will disappear after this bullish season is over. It is very stupid if we want to put our money in this coin. Meme coins are a place for the whales or big players to gain money shortly. They do pump-dump, small traders will lose their money only in this way.

That's how almost all the hype stuff going on in this world. Whenever a topic becomes a trending then everyone starts to develop same stuff based on that trend. After that when the hype starting to goes down, every copycats are having downgrade performance and gone to the void. Same stuff goes to these new meme coins, just be cautious about it and be careful of everything that could happen.

The meme coins will be very suitable to have at first, after that everything looks less suitable especially the Devs are not clear, so don't worry too much for people who like meme coins because in the end they will also realize what a meme is.

The market will still have separate and negative segments.
After the hype to the extent of Shiba's success, it seems a lot of faith in luck will come their way easily.
The coin memes I see have very low sc, and mostly the project is created to scam people and take their money. Maybe someone will tell you how much profit they make from coin memes, but more honestly, they will make you money. Or just have not failed, do not know what is right. :)

Some meme coins are intended to scam investors money in a short time. Definitely they are the one who are plagiarised other potential meme coin which has a pleasant market value. Few meme coins that can bear the market instability. Therefore being careful is important to avoid falling into scam meme coin. Short time big profit is not a guarantee to earn.

But there are a lot of people taking a chance speculating on meme coins just like gamble their money because many people love to do it, that's why the meme coins keep incoming every day because there are still many people would like to invest to earn quick profits.
Also the ease of the token making make people randomly created a lot of meme coins and with a bit hype, the coins have decent volume on the market which is really bad for crypto environment

We are aware of the various dangers meme coin? For professional investors, understanding the instrument from the negative side first is an obligation, to determine whether that coin is suitable as an investment or not.

We better stay away from all of them because we will lose more than gain, meme coin was created as a joke and is only intended to scam users who like to get rich overnight. Let's focus on the top altcoins on CMC, they can bring big profit and reduce risk for us.

For me, many male market participants, memes are hype coins that develop in a very crazy exaggerated way that we can hardly predict. So what you warn is essential. It seems that some people take advantage of this to sell worthless coins and promise huge profits to those who invest in it. I never rejected meme all zero Special value 2 Shib Inu coins and Doge is one of the 2 most successful meme coins in 2021.

Treat all these meme coin experiments like gambling. Or like extremely risky venture investing. Bet 10 dollars to win 1000 - that's a good idea sometimes. If you are ready to try this several times without any guaranteed results.

I don't think meme coins should be avoided. Doge and SHIB are the two examples of meme coins that can make people be rich in a short time. There are many true stories that people can earn a big amount of money from trading or investing in meme coins. The main point is to check carefully how good the team members of the meme coins are. We also need to know that the meme coins have a big community to support the price improvement. For example, in SHIB coin, SHIB army has a big role to make people be interested to buy SHIB. SHIB army is formed from the community.

It is very clear with what you are saying because people who make rash decisions are people who only see about an advantage that has happened to others, even though he himself has never been lucky and will still try to get it.

I have not to say that meme coins are all shitcoins/worthless coins, and in fact, they're some that are profitable and growing like Axie Infinity. But to talk about and question the new meme coins capabilities, I'm doubted unless they had proven it.
To be careful and wise in choosing coins for investment is vital because this will certainly affect the results of your investment. Even though we are not sure what will happen next but choosing the right one, the right coins are somewhat beneficial and could give us some assurance as well. let say, we can make a huge gain but at least we don't lose our money which is important.

Investing your money in all these new meme coins that we are seeing these days it’s a huge risk. I have not even picked interest in any of them ‘cause they’re always a joke to me, may looking at them and everything about them, you can easily tell that there’s nothing serious about all these new projects that are coming out. If I wanted to invest in any memecoin,it is definitely going to be shibainu, because this one has proven to be reliable investment.

I know that some people do think that new coins are the best because they can pump at anytime and make them lots of money, but they shouldn’t also disregard the risk that are involved. Before buying any cryptocurrency you have to be ready to do a serious research on that and look through it before you start investing.

My favorite altcoins are ETH, BNB, MATIC, LTC and this hidden gem PAYB, I don't know the reason why people keep not seeing this amazing altcoin. They’d rather waste their hard-earned money on these meme coins than invest it in a more established and promising project like Paybswap. They’re launching an innovative DEX, connecting Binance Smart Chain to Etehreum via super-hyped Polkadot ecosystem.

undoubtedly shiba inu is hype meme coin, btw large number of people it supporters.
vitalik donated shiba inu that's not mean this coin are worthless,
if he wants to sell shib to other currencies it was possible because good price in the exchanges.

I'm a fan of coin memes, and have made more than 10x profit from the initial $200 capital, coin memes are risky but now it's a trend and it's hard to stop me from investing in trending coins like coin memes.

But the fact is that many newbies are affected by FOMO because of the hype  impact meme coin, as we know in this year the development of the doge coin and shiba community which makes anyone want to invest early in the newly launched meme coin without knowing the game behind it. so thats why we must make sure to control our money don't invest in the wrong meme coin without knowing future plan of the project

People can actually take profit with meme coins, but it's not for everyone. If you think that you can earn profit easily with meme coins and then you should rethink you overall decision. People should be careful with meme coins especially this time because so many new meme coins are rising to the community and people so easily getting hooked up by these low quality coins, whatever you do please do the research before anything.

It could be said that this year in cryptocurrency is the year of the meme coin. Elon musk started it with it's unsolicited doge shilling and hype and every dev and investors in cryptocurrency have taken a cue from him. I thought by now we would have gone pass meme, unfortunately, here we are again. I believe very soon cryptocurrency trend will move into something else until then, be careful out there!

Everyone has the only right strategy for him to make a profit on the cryptocurrency market. If this strategy works and you get money, then it's very good. Someone prefers to take risks and get x's of profit, while other people want to reliably receive even small amounts from investing in proven coins.

This isn't actually true. There's no guarantee that because one is buying from the top 10 ranked cryptos one can be profitable. What does one gain buying Tether, to start with? Tether is number 4 on the list, by the way. I'm sure that you stretched it to number 10 so as to accommodate Shiba Inu and Dogecoin. Remember that at a time, Shiba and Dogecoin were a complete write off. Almost everyone screamed that they were of no good. But look at what they've become today. Such is the life of failure. No one embraces failure or a failed project. I quite agree with OP that investors should be careful buying memetokens. But the advice should also extend to every new project, not just memetokens alone. We also have worthless new cryptos without substance and utility that aren't memetokens but whose only target is to steal investors' funds coming to the market almost on daily basis. The first thing every investor should do before buying is DYOR and if they're ok with the project, they should buy it. It doesn't matter if there's a public outcry against the project. Not everyone sees the same thing at the same time. It may take some people weeks to see what you see now.

In mid 2021,big pump price dogecoin. The reason is many public figures, such as Elon Musk who make uploads related to Dogecoin through his twitter account, the price continues to the moon. 2021 is year of the meme coins heyday

Yeah, I can say that all memecoins are shitcoins. All the ones that went up a little bit are the ones that basically got a little bit of attention and hype and that's it, we really do not have anything that we should be focusing on in the crypto world that is fully fundamental and good projects and they will make you the money. That is why all these shitcoins are getting too out of hand because some famous person said something nice and all that. I will definitely keep my money out of stuff that go up with hype, I want stuff that has good code and innovation.

I'm already done investing with meme coins. I had 8 and only 1 of them that I made at least x3 profit. The rest are just either at a loss or rug pull. I know that others are happy with the gains of DOGE and SHIBA, but they're not good in the long run as they have no real fundamentals. Look at the latest rug pull of Squid Token. People fell for it because it was inspired from a popular Netflix series without doing their own research. Only luck ones had got out before the unexpected happens.

Yes and even if it doesn't end up as a rug pull, how on earth could someone predict a moon flight like Shiba did? I really didn't believe that to happen ever.

It is certainly manipulation, but yes I know that is what you have to take into account trading cryptos anyway. Still though one would wish for some rationality because that would make analysis more valuable. Then again you could argue that I should just change my style and way of analysing coins. Shiba went so crazy that I am still shaking my head! :D

At least, you got the experience that meme coins aren't good coins to invest in. From 8 meme coins you ever had, only 1 can gain profits, it is a valid reason why meme coins aren't recommended. Previously, I also have some meme coins, I sold them too early because the price increased after I sold the coins. I am also not lucky with meme coins, so I prefer to buy top altcoins now.

They know well the pump-dump phase of those coins, that's why they can gain big profits. Not all people know the pump-dump phase, only those meme coins armies know well. Anyway, you are wrong if buying meme coins for a long term holding.

It is true, and we must know that the profit and risk from meme coin is huge.
I don't know too much about these coin memes but most of them when I look at them are shitcoins and are praised by the KOLs in a very funny way, they can only fool ignorant people. Fomo following the crowd with these is really a huge risk, we here believe in technology and this meme trend is really creating a lot of trash in this space.

Any coins that other than DOGE itself are shitcoins.It did really just turn out on some other coins like SHIB driven with hype and thats why it did really make out some significant rise but im not really still trusting

up these coins but there are people who do love to play with fire and deal with these coins for possible profits.Some are knowledgeable and some are just driven with FOMO which it isnt really that much surprising.

As an investor you should really be keen on dealing off with things specially if there's some hype attached to it.You wouldnt know on when it would crash.

Yeah. I think beginners shouldn't invest in new meme coins. better learn first how meme coins work. ;)

Before buying a new meme coin it is better to know how much useful the meme coin is. There are some meme coins that don't get better in the future and it's possible that the coins could be a scam.
In choosing the coins to be invested, we must be more careful. We can see the meme coin on coinmarketcap if the coin is already listed on many exchanges then there is a possibility that the coin will go up.

There is always something to be learned about everything, doge coin as a meme coin has pow algorithm, how many meme coins have that today? Also shiba as the second best meme coin has swap and NFTs too, it's not just a meme coin, how will one knew all this if they judge straight up for been meme projects?

It is more of a gamble than investment. It don't usually go to moon as these one are rug and pull projects. I remember when safemoon appears out of nowhere and these moon projects appeared as well having same functionality of burning mechanisms. Doge is similar but it has an influencer which is the wealthiest man on earth. Shiba Inu in the other hand relies on hype by its Shib Army whales.

Many coins have been launched during this bull run. The number of memecoin is more. Again 99% of these memecoins are copy of DOGECOIN or SHIB coins. These coins always promise huge profit.  Beware of these fake promises all the time.

and meme coin has a lot of strong community to do FUD in the market to convince novice investors. I think the coin meme creator is not just a random person there is a professional behind it. so I think it's a systematically planned scam

I try as much as possible not to advise my  mentees on buying shitcoins, however, they do get to find out about about meme coins on our common grooming group, and I just tell them to becareful because it rises fast and falls fast without mercy.

but there's also a good side when vitalik burns 90% of its shiba supply makes the price of shiba increase lately this week. this is the address (https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b) founder Ethereum used when selling the shiba inu.

The one invested on meme coins are not just newbies, there are a lot of experienced crypto traders analyzing which meme coins that could make big profits in short time, whether it's from the market cap, the community members, the hype, and ETC.
They will find the right meme coins to invest and find the right time to buy and the right time to go.
And at the end, the victims are the newbies who joined the game late.

Make sure to have a deeper capital to pump the coin, meme are usually gained interest when pump happened, those who are lazy and
Wanted to try some luck will follow and invest, taking the risk even the chance is slim. There are people who are willing to take that chance.
believing that if timing is good for them, those meme coins will give them the profits that they desire.

You are of course correct but unfortunately this message is not going to reach those that need it the most, people like us that know what is going on do not really need a reminder that those coins are terrible, but the newbies that could make use of your warning are either never going to read it or they are going to ignore it as the possibility of earning a fortune is too much for them to ignore, then they will lose their money and complain about not being warned about it, conveniently forgetting they were indeed warned this may happen.

It's hard to spot fake tokens, but I'll take a look at the Liquidity pool of those tokens, if Dev locked it for a long time and everyone can see it on Unicrypt.
The contract audit of the tokens they created was also my choice before investing, because this satt many new tokens were listed on pancakeswap then the tokens could not be sold. DYOR before you choose a meme coin, there are still many coins that have good fundamentals that we don't know out there

Let people make their mistakes and gain valuable experience here - they won't succeed in crypto without passing this exam. You can't get rich without losing everything for 2-3 times :)

Investing in crypto requires a high level of caution, especially with new memecoins that have greater risk, before investing it's good to study and analyze more deeply about the meme coin you choose, that way you will know whether the coin is worth it or not invest, if you are still a beginner you should avoid new coin memes so that things don't happen that you don't want.

Yeh its absolutely right that investment in new memes coin is too risky because they are highly volatile and has alot of chance to lose money .because we know that memes coins has no fair concept . in previous days squid coin lose the fund of too many people. Due to this reason more people hasn't trust on memes. So I suggest to don't invest in memes

Definitely be careful with new meme tokens & certainly do not invest even a moderate sum of cash. We all saw what happened with SQUID GAME TOKEN when all its investors got rugged recently. Only invest what you can afford to lose.

Not only with meme tokens but on other coins as well which do really have the potential on scamming out investors which you should really be careful on what you are dealing with because not all are on the hype now are typically giving guaranteed profits and its part of investment that hypes and fuds could circle around the market.
You cant really just deal off with things easily to make money which is why you should be wise on everything. Take advantage if you do
see some opportunity.

That's actually what we are worried about, many fake tokens circulating in swap exchanges only use the names of tokens that are already popular. They will say that the token will increase by 100x to 1000x in the near future. They are targeting new people investing in crypto. And this also happened in 2017 and 2018. There is no information about their site. In 2017 and 2018 they took advantage of the ICO line, because ICOs were very popular at that time.

Scammers have found various ways like creating new accounts at telegram with the name of projects that are going to launch, and send messages immediately at the time of launch with a contract address inside. If someone who has not read the official Ann channel or didn't even go to their official chat, immediately copies the contract address of that message (without even realising that it was a message and not an Announcement channel), and buys the coins from that contract, is left no choice but to forget about his money because the scammer not only takes his (the victim's) coins but as he's the one with almost 100% liquidity, immediately dumps the coin's value and takes away all the money. Be careful and highly aware while going to telegram and reading such messages because it takes only one decision for you to become a scammer's next big fish.

Indeed, we should be careful on choosing coins for investment either it was new or not.
Meme coins like Doge and Shiba Inu are something doing good, they got in in hype and we can't deny that many people had hit a huge profit unexpectedly. Does it call that they are too lucky? Maybe?

For sometimes we regret missing an opportunity but if there is no shilling happens to Doge, I don't know if that it gains such a huge increase. However, with this Shib project, something looks more promising than Doge but then, remembering it is a meme coin, that's we need to be more careful. 

I believe newbies are already aware of this memecoins stuff.  And you can easily tell that a coin is just a copy of another coins using online platforms like tokensniffer and etc. and they are all free. It will show whether the smart contract is just a copy of the other, and also if there are associated risk along with the contract. I believe almost everyone in memecoins knew such platforms because it's everywhere to be honest. But the problem with people is they're willing to take the risk for the chances of becoming rich, and so you can't stop them from investing on shitcoins which we all knew has the highest chances of gaining profits like x10 or x20.

That's the dangerous and risky part. Others think that these meme coins are worth it because they are pumping x10, x20, x50 but they are not aware they are just being played with big whales. There are lots of big whales at these coins and those who are in the bottom can easily be manipulated.

Just trade at your own risks. I'm trading these meme coins but I'm not expecting a big profit scheme here. Just my usual buy low sell high is done here.

Thanks for the warnings but unfortunately there are too many people that have interest in meme coins only after they saw how many millionaires are born with doge coin and shiba inu, people don't really care about projects utilities everyone just want to double their money in days or weeks

We must always be vigilant with coin and cryptocurrencies memes, even when investing in bitcoin does not guarantee profit, daring to take risks is a mandatory thing that we must have so that we can be successful like Elon musk who invests cryptocurrencies and is now successful in becoming the world's richest people in this earth.

The SQUID GAME TOKEN is actually a valuable lesson for people who are interested in the new meme coin. however, I strongly believe that scammers will not stand by the hype that is happening right now, especially for meme coins. I think, in this 1 month, a lot of meme coins have been developed. I prefer to choose popular coins over meme coins. Also, don't look at a project from what other people say, but do your own research. meme coin is very risky for now.

It's too far if we are looking at the way that elon musk making crypto profits by investing on meme coins, elon is not taking any risk of investing on any meme coins because he has the power to pump any meme coins that he holds by spreading it to his twitter and their followers will buy the same coins.
So it's not make sense if you are following the way that elon musk making money in crypto.

Yes, investing in coin memes is very risky. But in my opinion, this meme coin can be used for profit and short-term trading. Because meme coin has no use and a big enough risk.
Even Elon Musk once said that "coins are just for fun."

I totally agree with you because indeed meme coins are not the right choice for long-term investment, moreover the risk is very large,
if we can use it properly i think meme coins can make a profit,
after all it all depends on us how we manage the coin

I agree of that point because in some meme coin you invest your money then that coin scam in future and the another reason is that the Many meme coin are not rise there price .
And some the meme coin you invest your money and you receive a high profit so some meme coin are very interesting project and they rise day by day  so in my opinion is that be careful to investment in meme coin.

A few months ago, maybe people would heed your advice and become wary of meme coins when the memecoin lost its initial expectations, a lot of bad results have existed and the value doesn't hold for long and gradually goes unnoticed by investors after a few days of being listed but now, in the face of advice and research requirements, most people leave these factors out. Because memecoins like SHIB have revealed too many new rich people, the temperature of the memecoin craze that is falling suddenly resurfaces, this time it seems to be serious and its madness is getting higher

It's just a goal in the end, because those who choose good coins and have utility too are to double their money at any given moment, which means that profit targeting is definitely there, so taking advantage of the good moment when memecoin gets hype, it's a very good thing as long as still very early.

Meme coins are not something to watch out for. It's simple, if you want to play then come in. It was originally known that this was just a coin that was considered a intercession without any genius. of some of the memes that stand out doge and some of this time shiba. This meme is crazy. But the loss can drive you crazy.

Some people are the ones who end up leading themselves into misery. Just because they have seen coins like DOGE and SHIB having huge pumps in the market, now they are looking for new coins that are going to have such huge pumps as well so that they can get rich overnight and at last they all end up dumping that same coin.

This is how most of them end up losing their money, and start calling cryptocurrency a scam, while they are the ones who misled themselves. If you are a newbie and you want to invest in the cryptocurrency market, it’s always advisable to go for coins that are highly trusted especially coins like Bitcoin, Ethereum, and the rest of them that are well known in the market and not just any random coin, maybe because you had a story that you might be able to get rich overnight because they can pump 1000 times in a day.

That's right, this is a choice and it all depends on you.
ready or not to take risks there when indeed you are ready to take risks then do it, but on the other hand when you can't afford the risks that are there then don't go in a dangerous direction.
as long as we dare to take decisions and risks that will indeed lose why not do it.
on the other hand, even if you lose or gain it is a choice that you really have to look at how your position is in and out of

I really don't know how reliable these meme coins are, for years in 2017 I saw Doge only as a meme, I did not see him as a cryptocurrency, I also came to see her as the main currency and queen of the Dump and Pump, which there are many specialists who only look for these coins.

Seeing that there is a lot of FOMO for this currency, it is uncertain for me to think what can happen? Elon Musk sponsors or sponsors Doge at one point and made him give the biggest pump of his life, but Shiba? If a very influential person enters, perhaps he can raise this currency, but I think that entering this currency is still a high risk for investment.

Only shiba and doge among the many meme coins are worth owning. Many other meme coins have sprung up and among them have no supporting fundamentals. But if you dare to take risks, meme coins can be used to make a profit in the short term because it has no utility. Most meme coins rely solely on community so I don't think it has a clear purpose yet.

You will be fine if you invest very little amount of money like 30-50$ so if you lose the money you won't be hurt much, meme coins are worth the risk since they are currently trending and many people have made huge money from them already

Meme coins are on-trend nowadays but it has a huge risk since they could just be easily manipulated by huge names. As for me, doing our own research before investing would be a wise move because not all meme coins could be profitable in the long run. We should read their whitepaper and check the developers behind it because there are meme coins that could turn into useful coins.

There are two types of meme coins circulating in the market today, firstly popular meme coins, such as Ethereum, Binance and Solana which have a positive trend and good movement in the market, the rest are just meme coins that we cannot invest in long term.
Beginners need to study each coin they want to invest in, starting with their previous trends and movements in the market. Otherwise, the decision to invest will only carry risk in the future and shiba is not a meme coin that has good movement and potential in the future.

Among meme coins Dogecoin are consider as a highly famous coin in cryptocurrency world. For beginners  it is necessary to first identify the meme coin and know about the strategies and planning for getting profit. Not just for meme coin but also for other coin, the beginners must have idea and expertise and then make investment. Not all meme coins are true and good for investment so the beginners must have to make themselves sure before making investment.

Very true mate, and the most annoying part of this whole meme shit is that, they have absolutely no use case, and yet, people buying it and hoping for a long tern profit.
To make everything a bit clear, I think guys got lucky with dogecoin and Shiba inu, this are the two meme coins that's made alot of people millionaires and yet, they both got nothing to offer, noobs shouldn't go investing in just any meme coin that shows up thinking what happened with dogecoin and Shiba inu will happen with other meme coins, they just gonna loose money like hell.

Meme coins are recognised as shit coins basically because they have no use cases. So yeah don't ever make that mistake of putting more than you can afford to lose.

Just stay away from investing in meme coins if you are still a beginner. It is not a safer coin/token to buy, meme coins are the riskiest coin to buy. If you are still a beginner, I suggest buying top altcoins or Bitcoin only. As a beginner, the focus is to know how to trade or invest properly first. Don't dream to be instant rich by investing in too risky coins like meme coins. In my opinion, meme coins are just for experienced traders/investors.

As memes trend is underaway, i already heard many meme coins names which are created recently. I just checked thsoe little bit but haven’t invested any single fund on those yet because i don't have extra fund for invest on such fun purpose! Why should invest on those, while Hundreds of establish coins are in the market! Some of those may add some value on itself but  possibly that won't be last for long

It's good that you are not investing in these meme coins because these are really risky as many members already posting they have no use case many scammer developers are creating these for their own profit and as they have some good profit they are dumbing them which happen in many cases and thousands of newbies already losing millions of USD, but sadly we have not good and well organized platform which can help in this case and bring some good awareness program for newbies and greedy investors which are doing this all just staying away from them is best for crypto community because these are not related to here just scammers.

Exactly.

It's not a matter of it's impossible to make profits. But that the majority of the projects are just abusing the crap out of dead memes and trying to make hype out of thin air so that the founders ultimately benefit.

You could perhaps make a 10 bagger out of every 100 meme projects that you invest in, but the rest will go to zero as a matter of certainty.

Yes,you are right. I am agree with you. In market place a lot of meme coin are coming. But most of the meme coin are not real or strong project. We always justify the real meme coin and don’t choose fake meme coin.So,we need to careful abot fake meme coin and avoid fake meme coin.

Just look sometimes on RecentlyAdded subpage on Gecko https://www.coingecko.com/pl/waluty/recently_added
Lots of coins with "shiba, dog, pet kitty, ecchi, baby, inu, floki" in coin/token name. It's pathetic.

It is true that only one project out of 100 related to meme can give you a good return because they have no base and it is very difficult to trust them. While not every newcomer to meme coin is likely to succeed this way, you can invest in a new meme project by getting as much information about their team as possible, as it can bring you amazing benefits.

Considering that, as a rule, meme coins are extremely cheap, you can spend a couple of dollars on them for fun and forget for a while. But only when they appear on the market. Just to try your luck)

The increase in Dogecoin 6 months ago to reach the price of $0.7 did trigger the emergence of many new meme coins. New meme coins were created
to take advantage of the hype going on in Dogecoin. Therefore, it is not surprising that most of the circulating meme coins have turned into shitcoins.
Because it is only used by the creator to make profit for personal gain, after that the meme coins will be abandoned. So if we are not careful
we end up buying new meme coins and it can get us stuck in the meme coins, because there is no demand. Maybe of all the new meme coins,
only Shiba Inu is a good investment, and even then, not for the long term. All meme coins have no real use, so if we make a profit, immediately
sell them, because if it's too late to sell meme coins, it may take a very long time for the price to rise again.

It's very easy to anticipate that at this point because every coin or toke meme that is getting popular will always be talked about by many people in cryptocurrency so that anyone can immediately make a check on it through several ways that have been mastered by each person.

You could even say that only a few can actually be invested and of course that needs analysis first,
basically meme coins are not the right choice for long-term investment because the risk is really big and we are likely to lose money,
So far the good meme coins are dogecoin and shiba and we'll see what happens later

It is sort of creating hypes and people got crazy to start buying causing the price surge. It eventually happens most of the time for new projects that have been back-up and shilled by a market influencer.  Elon Musk is an example of this but where he is now?
We have to be wise in buying coins, meme coins can be a short-term investment and if we got lucky to have them before the Bullrun it certainly we can be profitable but never think of holding them long, as the hype gets over we can no longer think it rises back.

But even there are a lot of meme coins that has been arise here cryptocurrency, We can't deny the majority of these are giving a lot of money to everyone here in this field business as long they know what they are doing here course. Just like this recently, I bought Kainet, Soku, and others are now giving me a good earnings so far. I am just sharing my experienced for buying these coins.

Absolutely I agree with you. Therefore we need to be more careful. The new meme coin we need to be aware of and we have to choose more selectively because of the many scams that have already occurred. Especially for beginners who are not familiar with things like this, we can learn and discuss together. If anyone is confused or has a problem, you can search for a telegram group about meme coin and ask there. Usually there are many who can help to answer existing problems and find a way out together.

Highly famous because of the doings of Elon Musk, just like the other meme coins like Shiba Inu and Floki Inu. That's why it's important to always do some research and concrete plan to achieve that wanted goal and not to lose some serious funds.
There's no shame on investing in these coins because it can also get you competitive returns and profits if you just pay attention to every movement of its market. And do always watch for that memetrap, it's so tricky these days.
But as a newbie, you should know some sort of coins that is highly safe to invest and keep some safe distance to these memecoins. Practice some options that can get you profits with minimum risks before you get your hands with shitcoins.

If you know what you are doing and you are willing to send your money to the air, there's no problem with that. I mean no wrong for
trying some expeditions with meme projects, it's your own choice and no one will be blamed whatever the outcomes, just always
do your research and plan your investment.

If you manage to invest with hype coin and it's just starting to rise up, the timing is yours to gather your profits. 8)

But if you bought at the peak and the hype start to cooldown, you need to accept your fate and move forward. :P ::)

In social networks I have seen that there are many pre-sales of coins or tokens that are of meme origin, and they advertise them with great behemence, in fact I have been seeing that many people are lovers of this type of coins, the truth for me they do not represent anything , just one more coin that is not very important, in addition to the fact that a nascent coin without any type of backing I do not see it as reliable, and from the point of view of confidence it does not pass the test for me, I think that with Doge and his godfather Elon Musk is the best meme coin there is, I don't think there will be another with a better function than that.