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This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?

I see this as a way of gambling, but now you have gambled and make profit, you can easily just convert your meme coin to bitcoin so that you will not fall into meme trap of bearish market. The bear market will mostly not favor meme coins, the bull market that happens recently really helped you.

I mean, meme coins outperforming BTC/ETH in certain time spans(mostly short-mid term ranges, obviously) isn't anything new, really. It doesn't even have to be meme coins specifically, even the most total utter crap projects can easily outperform BTC/ETH if you buy(and sell) them at the right price. Now, the question is if you can actually outperform BTC/ETH in longer time spans using these coins.

First to ask you; did you take the profits, or you are still in those memecoins? I am asking because unrealized profits are not profits at all, and many fail at that part. I had the same issue couple of years ago, I simply didn't know when to exit shitcoin and take the profit, so I stopped with that practice.


If we are looking at last ~12 months or so, DOGE oupterfomed both BTC and ETH, but I think that will last only until bear market. Once we hit that, I expect it go below, as in  last few months DOGE lost 50% value compared to BTC and that trend will probably continue.

Yep! While I don't plan on holding DOGE, my controversial opinion is that DOGE has a place in this space solely because of it's historical and cultural relevance. Basically one of the early coins with a huge popular meme backing it.

It is no doubt that Dogecoin has certain cultural and historical relevance,  but it's by no means a guarantee that it will continue to exist when governments also realize its importance or popularity and come after it. The very fact that meme coins may be used or may have been used to escape financial surveillance puts them in danger because they have a low level of decentralization or rather lack thereof. What will happen to a near-centralized currency if its developers are forced to make only changes approved by authorities? I don't think that is going to make investors in memes any wealthier.

I have or did some memecoin too but so far the best one that I got in so far was Kishu Inu. I didn't have any shiba Inu like majority, but also I did do some shitcoin aside from it and gain and loss on others too. But for now, I think Im gonna hold my token for a while since I can also foresee a potential break out but outperforming btc/eth would be impossible for any shitcoin. Maybe that's only based on volume but if we compute the fundamental and use case. We all knew how shit is shit isn't.

It's just like ICOs back in 2017 riding on the ETH blockchain. This time it's more of BSC's turn.

Same shit, different smell.

It has become like a gamble. It will be of no use going forward. It is good for those who know how to enter at the right time and know well how to leave at the right time. But it is not good at all for those who are new in this field. And that might be good for a while but it's not a long time. Like Elon Musk supported the Doge coin, people started investing more in meme coin and raised such coin to the sky.

It depends on whether you want more profits with more risks or less profits with less risks and you know in the long run by the compounding strategy even coins with lesser ROI every year but when it's consistent can out perform those shit meme coins which are actually hyped by rich and waiting for dumping it completely.

Meme coins were a lot better, but because of us call meme coins bad. I have seen in a few days that those who were with meme coins from the beginning have taken a lot of profit. But if you buy them at the highest price, then it goes down.
It can't be the fault of the coin. So in my few days of research, the meme was good

So you are telling people to buy meme coins to buy or not? Let's make it clear buddy. :P

DOGE was a good coin once especially before the influence of Elon Musk after that poor people starts to think that Doge is actually better cryptocurrency since one of the richest man in the world is promoting it but they never understand that they are the orey for the bigger whales and you are one of them it seems.

Meme coins only provide one-time profit and never last long at high prices, so as long as you use them early to increase your assets in the portfolio that you have compiled, then do it, because those who are late taking advantage of the memecoin trend will always lose faster.

Yes, they might have high rewards but also their risk will be insane. You might be zero in a moment. The decision is totally personal that if you want to take this risk or not. I am not a risk-taker person. Choose a safe and more stable project for investment like Paybswap. A very promising token that has huge growth potential - the launch of their DEX bridging BSC to the hyped Polkadot ecosystem is closer than ever.
It has real utility and is backed by a strong development team. Already filled up my bags; you should too.

Good for you.

I'm still waiting for my btc and eth to blow up my portfolio in a positive way but I know that it will take time. So if you've made a lot of money from meme coins, congratulations.

You know how dangerous they are yet you still made a lot of money from it.

The same risk and volatility things. The higher the marketcap, the coin becomes fatter thus slower to go up/down, while lower marketcap coins are quicker to go up/down. However, it's true that the trend after DeFi is on NFT and meme coins. The problem is you can't predict what will be the next trend after meme coins. SHIB, DOGE, etc can be still pumping (still trending), but it's "dangerous" as OP said. Don't forget to cash out, since numbers on your portfolio mean nothing if you can't cash out.

But they can't beat the coins you mentioned in terms of mcap and use cases. This meme coins are just trends which dies sooner or later. It's better to invest wisely in them and divert their profits into big mcap coins.

Ehh, the price rises in select projects doesn't necessarily need to be on a specific chain; these pumps can happen on any blockchain and it can even happen even in the most bearish times. They really just need a narrative shift or an announcement that could get people hyped enough.

It is risky cause these sort of coins are more or less pump and dump coins, and the thing with them is that you should only hodl them for the short term, I absolutely do not doubt what OP is saying, as quite a lot of people have made huge sums of money from "lottery" coins such as this, but many more people have lost all their investments to it, if you buy it at the wrong time, especially when others have started dumping it, then you'd be left with a useless coin that's prolly never going to rise again. If you're a short term investor then these sort of projects aren't actually a bad idea, so long as you know how to handle them (when to buy and sell).

Of cos not, it will be a huge mistake holding on to meme coins for long term hold and investors are buying just to make quick profits out of them, shiba on the other hand is more than a meme coin now, they just got their metaverse coming as well call OSHIvERSE, insane right?

Profits secured mate, I knew how risky these meme coins are so I'm never in for a long time, just want to make some money off them while the hype is still up and running, I believe meme coins have find a home in crypto space already so doge coin and shiba probably will survive for a very long time to come but I'm not betting on this still I took profits

Doge and shiba is 2 of 1millions meme coins that launched everyday, the chance of becoming those 2 coins is less than 0.1% but the investors still buy it because the media blow these things up too much.
"If you have invest 100 USD months before, your investment will worth 2 mils USD by today" said by the media promoting shiba inu, and people who are aiming for quick profits keeps investing on it, that's why the price is keep increasing though it's not make sense anymore.
So it's so dangerous investing on meme coins, or just invest small amount of investment that you can afford to lose.

if you succeed in meme coins, you will certainly get a lot of benefits like what has happened to doge coins and Shiba coins, but behind it all there are many risks to be faced. I think it's very comparable, I myself really like gambling in meme coins expecting huge profits.

That's not why shiba price keeps increasing, don't just judge out of the fact that Shiba starts as a meme coin, it's more than you ever dream of, shiba has a swap now, shiba gaming is coming, shiba metaverse is coming, NFTs are out already, what the hell are you thinking? Shiba is a better doge period, dyor

No it is not. People like memes and so they also like meme coins. It is just a reflection of what they like. The best meme wins. If a project can't produce good memes, it is bound to fail. Nobody gives af about the project or monetary policy or bla bla bla. Does it have a good meme potential? Then bring it on. I'll buy with three hands.

You may be right or not but if you share how you start and how you have chosen those meme coins would be helpful to understand your performance better. Just sharing that you have made massive profits is not something this community expect from an old member. But, this community expects some of your guidelines on what and how some of your ideas worked for you to make money so that people will follow and may copy similar profits.

If you are taking about shibu inc then please tell us how you decided to go with it by ignoring dogecoins. I hold dogecoins hence I showed no interest to shibu.

Meme coins are sure a good way to make some quick profits, but do not forget its a gamble, for they are also a great way to loose money through any wrong move....
I personally have never invested in a meme coin, neither do I plan to ever do so, they are highly risky and I see no reason putting my money on something that brings no real value to crypto and the society.
My advice is, if it works for you, do your best to trade with extreme caution, don't go buying every meme coin on the market thinking it will bring the same effect as the previous ones, if you do this, you might just end up making money on one meme coin and loose the same money or even more on another meme coin... Meme coins are gamble... Do not forget this.

It's a risky venture. But it's reward is amazing. Meme coin just came from the hide-out and kept so many in shock.  But my fear is that it's similar to gambling very risky and unpredictable. Meme coins has been one of the key coins in my portfolio but I trade with so much caution. One thing I always avoid when it comes to meme coin is greed. I keep my investment minimal to avoid heart break

Investing money in meme coins is a big risk. It's like playing roulette. We do not know when these meme coins can lose almost all of their value in one day. Today you are lucky, and tomorrow you can lose all the money invested in them. I don’t like to risk it this way. Meme coins are now being promoted by influencers, but their price will still drop to a minimum someday. I have no desire to be constantly nervous about such a possible fall.

it depends on how you can see the momentum and indeed need speed and alertness for this because if it is wrong instead of profit you will receive the opposite.
on the other hand I think for now the meme coin hype still applies, especially for shiba and indeed according to what you say even he can crawl up and match btc.
but keep in mind it's only short term. not long term and indeed this coin is also intended for the short term so I think it is suitable but for the long term it is still too far for that

Meme coins are the most productive assets of the last 6 months or more probably. I think the SEC should declare memes commodities because we simply cannot live without them. If you rice is a commodity, why can't memes be one?

I wonder which hedge funds are buying these assets now. These markets are not moving by the average Joe. This is institutional money. My guess is JP Morgan (Jamie Dimon) buying every meme he can get his hands on.

Got some pretty good profits on Doge.

But at the end of the day I recognize that it was pure luck. Nothing else to be said.

The rise of the conception of crypto as easy money has largely come from NFTs and meme coins and I don't think that it is necessarily a good thing - in fact quite the opposite. We need real innovation, not this stuff.

I'd never think that was insane but obviously, they are just riding on the hypes and making a profit for their short stay. In fact, many investors are doing this, they are called short-term investors and this is mostly what they are doing and it is a risky decision yet profitable.
Early investors had made a huge profit of 1000%, that is something more insane, right? Well, they are happy with the result and you just found yourself being late.

Congratulations, the value of your investment has increased, but be careful not all meme coins can be bought, my advice is to buy enough and be prepared to lose because anything can happen to meme coins. it means that the meme coin is what matters to the community, the more solid it is, the more powerful it is.

Yes, they're not really for long term.

So those that have been holding them, they only have to hold them for short term because you'll be holding them just for the profits as soon as you see them.

And if you hold them longer, you might even get more lose instead.

What is worrying is that financial education about digital assets is something that is not clear to new investors.  I call it the younger investor.  Some young people I know in the US mostly like to invest in Shiba, Doge.  I don't think they have a hedging approach to it.  Over-inflating on the Doge and Shiba will also be responsible when the Shiba stand is deflected or free-falling.  What the meme achieves and impacts the market and catalyzes many investors into the crypto space, but the consequences will be

This is a natural desire of a beginner who dreams of buying a million coins for a few dollars and waiting for the price to reach one dollar. The same one who has figured out how the cryptocurrency market works will not engage in buying cheap coins, because he already has such coins that are still worthless after years.

I couldn't just put the blame and never think that they are wrong as I strongly believe that they have thought it many times before placing a buy order. Maybe some are invested the wrong coins but some did it right, and looks, some are getting rich for a short period of time due to the price surge. If they got it at a cheaper price, they'll talk you back that you are wrong and they are right.

It is a matter of choice because even choosing Bitcoin can't just say that they will gain profit as it possible they even mismanage it and sell them during the market crash. It can be just insane if we do nothing but I guess not, and we have the reason of choosing meme coins over the others.

Few of the meme coins have grown good over time. Just think of the rest of the meme coins. Shiba was almost valueless and suddenly it had a big pump and the hype is kept alive by few. This made the trading volume. If not this could've turned to be a coin where there'll be growth but unable to trade. It is possible to see lots and lots of similar projects with big hypes snd and trading in thousands. So, meme coins are like gamble. You need to be lucky, if not you won't be rewarded.

I currently have some meme coins on the solana network, if you look at the SOMA coin, the price is increasing very fast. I only trade on dex exchanges like Dexlab, but never hold meme coins for too long because it's very risky.
other meme coins like Dogefootball cost me quite a bit of money because until now there is no latest information on project developments and investors sell quickly to avoid big losses

Yea man youre totally right you gotta be pretty silly not to invest a least a small chunk of your portfolio into these shitcoins, the gains are insane but extremely risky so ALWAYS take profit rule #1 haha

You are just lucky. Unfortunately not all people are so lucky. I didn't work with meme coins, but I understand that it is a good tool to earn in a short term. However it is really difficult to guess which meme coin will be also successful and when to buy it, so I don't really believe in them. I am used to rely on researches so I look for coins with a real use-cases as they can bring me profit in a long term and they have less risks.

The rules of profit will always occur earlier before the disposal occurs at the end, so try not to be late in making decisions and in making moves, because playing with the ones with the biggest risks will always be the most important part as long as everyone is able to move early.

That makes many people think that meme coins are the right coin to invest in crypto so they use some big amount of money and start to invest in meme coins.
But in the end, they will realize that the meme coins will only temporarily and will not stay for a long time and the real coins will show their power.
If those people do not invest in the coins such as bitcoin, ethereum, and other coins, they will regret it, although they already made a lot of money from meme coins.
Related to this situation, it will be wise if we can use some money to invest in bitcoin, ethereum and other coins. At the same time, we can also use some money to invest in meme coins but not too big because our focus is to make a profit in the short, medium and long term.
But people need to research by themselves and find what they want.

low value and get a lot of coins might be someone's interest to buy meme coins. and think that this coin will multiply many times over. And it's all in the imagination. in fact the price is really like a roller coaster and very bubble. what's terrible about coins like this is when the developer leaves the project and ends up being a dead coin.

I get this moment is when the doge returns the hype. It turned out that I kept some doge in the exchange wallet. But, just a little. This does result in crazy profits with very high risks. We can't get caught too deep. Aside from that advantage, I've also been stuck on some similar coins but it's not a coin meme. It's a DeFi coin. But I think the risk is the same.

We have to be careful with meme coins because some of them are scams. On the other hand I also see there are some successful meme coins and there are also failed meme coins (scams) in crypto exchanges. In this day and age, we must be diligent in reading and diligently asking questions in cryptocurrency forums so as not to be deceived by meme coins.

When we are in bull market like we are, the hype used to be foundermentally strong altcoin claiming to replace bitcoin with it's protocol, software whatever. Now, coin with no use cases except for burning, memes and gamble are preferred by new cryptocurrency communities! What a new development!

We can understand what you are trying to convey, it is not wrong if we really like short-term investments in altcoins, but we must be able to understand which altcoins are able to provide maximum benefits for us, currently there are altcoin opportunities that can provide such profits, only altcoins popular which has stable level and good market which can guarantee it, maybe you can tell us which coin you mean?

I think here is something that is free to do anything, because this is each individual's personal choice. regardless of what we choose of course is we do it with the consequences that are in it.
memecoin and coin manipulation is something that is not very good, but on the other hand something like this is actually not too bad to do.
when you dare to enter a coin like this then do it, but with the consequences that you have to bear alone. and when you don't dare to be in a coin meme like this then leave it.

But people did the exact same thing on doge and they became pretty fucking rich.

Why do you think the same thing can't happen with the other coins? ShibaInu came pretty close already and there will be others too I imagine.

Wasn't doge trading for less than a cent a year ago or so? I remember it was way below a cent. Like 0.0001 smth, it went as high as $0.50. Such things are always possible.

If the coin has a good meme project, anything can happen. Just make sure that the dev team can produce the best quality memes in the meme market.

Yes, most of the meme coins were created really as a joke, but when we see that the profit is hundreds or even thousands of percent, it's stupid not to use this opportunity. I just bought Doge for bitcoins and expect to increase the amount of BTC in the near future by about 50%.

Everyone has different views on altcoins, except for the most popular altcoins on the market, but if your experience can give you maximum return on investment, then my question is, what alcoins have you invested in? If your view is that meme coins are dangerous but the rewards are insane, I think it's about speculation and the courage to take action, so whatever happens we are ready to accept it.

Meme coins are still meme coins to those traders. But because these meme coins are doing and showing a great volume, traders didn't hesitate to take part as they are just taking advantage. They are not supporting the coin directly but rather they want to use the opportunity to earn more.

It's no different when a trader is trading at low capitalization market coins or tokens.

Of course it is true that if you are lucky and you invest into a meme-coin early that is mooning afterwards that you can make a huge profit in a very short time and it is also obvious that you can not make this huge profit with established and serious projects. So it seems that you have been lucky and you picked a "good" meme-coin out of those hundreds that appear every week. If your Portfolio is still up then i would highly recommend that you sell your meme-coin as quickly as possible because it is almost certain that 99% of all meme-coins, or sh*t-coins will be completely dead within a few weeks or months.

Unfortunately, that is the gospel truth. There is more money right now in meme coins than any other crypto niche, even more than DeFi coins. And that encapsulates what crypto is all about. Just take a trip to Coinmarketcap and check the top performing top 10 and I guarantee meme coins would constitute about 50%

We can't deny that some (few) of them have utility in some use cases. People started massively use Doge coin (for instance) not only leaded by hype but because transactions in the Doge blockchain were the best alternative when bitcoin blockchain has scalability issues, fast & cheap transactions.
Honestly, and about Doge coin in particular, it still has use-cases.

Yes, 99% of them can be described as a momentary joke.
Another form of those momentary jokes appeared recently which are NFT tokens.

This is what attracts the cryptocurrency market to itself, that everything is possible here. But at the same time, it is obvious that not every coin will repeat the success of Doge, there will definitely be outsiders who will bring their investors only a loss. And not all Doge investors made a profit, there were many who lost all their money.

I would say "utility" for doge is not being fast or cheap, if that was the case nano or Tron would have been so much higher this is why I believe that Doge was hyped and there was no reason behind it other than Elon.

Plus, if you really check the period when it became very popular, it is nearly a bit after the whole gamestop thing over at wallstreetbets subreddit. They are known to get into crypto as well and they picked doge as a joke. There was really no reason why they pumped gamestop neither, but proved that as long as you want to, you could increase the value of a company by just spending money on it and they really did. Same goes for doge as well, they wanted to go in, they did, and managed to increase it because that’s all it takes, nothing else needed.

But what I read on few crypto news portal is, there are lots of manipulations are happening when people are trying to invest in NFTs and memes coins like whales are trying to manipulate the market direction in order to they will be massively profiting by making individual investor participating. We also seen proofs for the link between buyer and seller of few NFTs.

Hence, I am not ready to believe that investors are insanely interested on memecoins. It is definitely a manipulation and we should not fall for this.

The best financial advice is to know what you are about to invest and much have ROI assurance and this is hard to found from meme coins. yeah, somewhat a huge chance of losing rather than earning a profit. I can't be of 100%, however, meme coins are just a joke, they got in hypes because of market manipulation not due to huge demand and use case.
It can be and absolutely a risky choice but can't stop anyone if that they ever choose it, maybe they got lucky.

Meme coins did have their run solely because of Elon's manipulated pump but other than that there are absolutely no use case for them. The current market has saturated a lot and greediness has overcome among the investors who has started looking out for the next 100x or 200x coins which itself is called gambling rather than trading. The 2017 scamcoin mania suffered a downtrend just because whales and other large investors started dumping their coins along with various other scammers who had made quite a lot of profits at that time.

If we are able to compare them with our forum, we have the best run on 2017 and the signature campaigns and spams flooded the space making it unbearable to read any threads over here. Greediness has overtaken the market and many scammers have made millions in 2021 so possibly they might start dumping their coins altogether. Dog coins had overgrown so much such that every new investor has started investing in dogs alone  ;D

Take risk on something which could able  to bare because not all  would really be having the same mindset and impression towards meme coins.It cant really be denied
that there are people who could really take risk of  these meme coins and the ones who had risk out will normally be rewarded but of course if this one turns out
to be on the good side and we know that it doesnt really works on this way.So its a big risk to take and not all would really be that risk taker
and choses to be that investing in much less risk.

I fully agree with you. I have no idea where people come to mind to invest in something that has no value. It's like buying air, because someone else is also buying. I am sure that when the meme coins market collapses, the entire cryptocurrency market will lose a large part of the community. People just won't know why they lost so much money.
So be very careful, everyone, because this madness could end at any moment.

Just like old times ICO, majority of tokens and coins who were super hype were all crippled and couldn't get back on their feet, the same thing will happen to meme tokens in bear market.
One will think its always a good opportunity to hop in those project they missed when they see the opportunity but unfortunately, they hardly survive the bear market where the volume becomes almost zero without liquidity.

While all markets will fall, memecoins and shitcoins will the ones to fall the hardest since they are the ones whose increase in value isn't tied to any "real value". That's why people who keeo chasing and investing in projects like this should be mindful of this fact and keep it at the back of their mind. Like you said, during ICOs; those projects that pumped the hardest don't have the spotlight in today's market.

I will completely agree with your statements. What we have seen in the ICOs, the same thing is definitely going to repeat this time for memecoin and defi. Unfortunately most people are not ready to listen what experts and high rank people of suggesting but they are simply going on as per the hype created by whales.

People might be enjoying big profit in this bullish trend but once the crypto space will be entering into bearis  market trend then they will start facing the the real consequences.

Well, we all know that meme coins are bound to end once this bearish season comes so while we are still in profits, cash out more often because once its market starts to collapse, all your expected profits will eventually turn into losses  in the end. For me, there's now wrong investing in meme coins as long as you know when to make an exit because if you just keep your faith into these meme coins hoping they can outperform btc in the long run, well that will put you in a terrible loss in the end.

I don't know what makes these two meme coins survive a long time. I think the future of both SHIB and Doge are the same, are not predictable and can be died at any time. Don't forget that they are only two meme coins although they are now the top coins, they will never have fundamentals to make them survive a long time. So, I think we cannot say that they will survive a long time because the hype of these coins can be over at any time, then people aren't interested to buy them again.

There are few coins from that period that finally managed to go up. Like for example ADA was from that period, and for years it hasn't moved that much and nobody cared about it, now look at how much it is cared and how high it got. So even though some of the NFT's of today do not get too much attention, maybe in 2-3 years it may have some value.

However that is not guaranteed, just because that is how it happened with ICO period doesn't mean that it will happen the same way once again, we may end up with something that doesn't worth anything at all as well. I hope that we will grow bigger, NFT is something that is getting way too much money involved and having it not really worth anything would be a horrible deal for us in the future. I personally do not own much, so I won't care if all of them goes to zero one day, but crypto investors getting hurt is bad for all of us, not just the ones that invested into it.

We're all expecting that to come. Those that are insanely making good returns from investing in meme coins, let's be happy with them but they also have to take care of their profits before the imminent bear market comes. But if we're also wrong that the bear market won't come close to where we are right now, everyone just has to enjoy and secure their profits, memes or not. Because if you won't take care of your profit this time, you'll not preparing yourself when the unexpected comes.

You may not as these coins have a lot of investors and guess what Doge save cost when doing a transfer that is why it is still able to sustain even during the market crisis. But I'm not sure with SHIB, that is very interesting to see how it behaves when the bear season comes since it has never happened yet. Kinda be this bullish market saved this project and the support of Binance help it to gain some trust and the confidence of some investors and traders.

public secret fact is they can give you much profit than the main coin. you put little fund, harvest big deal in thr end.
its hard to find best coin on meme coin, sometime people need put to many coin, but the result can cover cost the other coin. and im sure we try our best to deal with that till now, unexpected coin will show and shock owner.

It is just for the lucky people who choose the right meme coins. In reality, many people also have lost their funds because the prices of those meme coins are dropped constantly after the hype is gone. So, don't only consider the advantage of meme coins, please take a look at the bad side. No matter how big the benefits are offered by those meme coins, they are always too risky coins to invest, better to avoid. Especially if you are a newcomer, just stay away from those coins that only rely on the hype. You probably just become one of the victims of the pump-dump scheme there.

  Meme coins will never stay for long in crypto as they are good for only pump and dump scheme and if you let yourself fall for it, its probably your choice. Maybe things are very profitable for meme coins for now but once their hype will be over, for sure we will definitely see them losing their value. And we will not let that happen to ourselves so as much as possible learn to avoid them as early as now. What's the use of big profits anyway when there are bigger chances that we will also lose huge amount in the end. Others may be benefiting from the meme coins today but definitely it won't take for long.

You're just lucky to that meme coin but did you take out already your profit from that meme coin or you still playing on that coin? Remember that hypecoin is just for short term and we need to be careful and we should also know when to exit because sometimes when you earn huge profit you also enjoying to continue buy and sell and never know when to exit until it's to late.

Interesting experience. I think you are a person who is always ready to monitor market movements. Coin memes are honestly profitable. But what I observed them didn't last long. When they appear the average will give you a large pump. If you ask for more precisely this is what traps because it will immediately fall.

It's not just a matter of courage, but a way to minimize the risk of investing in memecoin, although we have no right to forbid anyone from doing it, but I think this needs to be considered, so that whatever happens in the future it won't be difficult to invest in other coins, and come back again to each individual in readiness to invest in memecoin, if you are ready to take any risk then do so with careful consideration.

Many have lost funds investing in meme coins and likewise many have made good fortune in the same meme and the funny thing about meme coins there is nothing to research about it's just a lucky venture. If your are lucky with the hype you smile at your investment if the opposite occur then you just bear the loss

Even the hype at times might just be an overhype I think it's better to trade with risk management. Risking an amount that looks reasonable because this meme coin staring joy in the air might roll out tears in the future it's just similar to a gambling coin

Doge is here for how many years? 5+? I don't know the exact number but I believe it is more than 4. It is already widely used  among people. Most people use doge to transact between the exchanges because it is pretty cheap compared to the others. So, your statement "meme coins are useless and never will be" already falls apart.

I don't have much experience with meme coins, other than eth or btc only doge helped me a bit..
and from there a lot of meme coins came, and I myself was a little unsure and didn't have the courage to take the step of buying or investing in meme coins..
.one of the reasons, I look for a safe point and reduce the risk of excessive losses

Putting money on the so called meme coins are more like gamble than an investment. And most of the people putting their money do know about it. Just like a ponzi, the early investors generally gets a good profit at expanse of later buyers. It's a new way of making ponzi run. Personally I haven't invested in any of those insane ROI coins as not all of those meme sounding coins have similar growth and some don't even grow. Still you can put a few dollars just to try.

Though dogecoin was created as a meme to crypto-currencies by the founder, but it’s already used by numerous users to do transection since long time. Nowadays, many memecoins are launched just by having the same mechanism without any other concepts. So just invest those funds which anyone can afford to lose. For example, i used to invest max $10 into memecoins just for experience.  ;D

He didn't say Doge but meme coins as a whole. For Doge, it is true that Doge has survived a long time in crypto market. But considering most meme coins have no real use cases, probably can't survive a long time like Doge. I can understand Viscore's statement, he is not sure that those many meme coins can follow Doge. Moreover, many meme coins are just hyped in a short time, then they are dead gradually.

That could be a good reason I'm also of the opinion that meme coins won't last long and it's just following the trend that's coming but if anyone dares to take investment in meme coins of course they will surely get huge profits.
Coins are always in high hype up to thousands of percent of those who are not tempted by meme coins, there will still be a big risk of many coins being scammed among the meme tokens that have sprung up.
But you stick to the initial investment in btc and eth it is indeed quite promising that for now the price has been better than the previous year.

Its not surprising really why many of the investors nowadays never hesitate to invest in meme coins because they can really gain big profits higher than other coins. But the problem is how long will you keep making profits from those meme coins. Well, seeing they are in big hype this time, they are still bound to reach higher value but when this hype will be over, meme coins will definitely lose their value and just like shitcoins, they might not recover again in the future. Maybe we can invest in meme coins for now but definitely with high caution because they might easily lose their value anytime.

You are playing with fire once you invest in a meme coin, you'll probably lose huge money or make huge money, that depends on how people would reach on a certain coin, if you are lucky enough to invest on meme coins like SHIB and DOGE during the early stage, then you'll certainly make a fortune by just investing on shitcoin as they could rise as much as 100 times from their original price or value.

It is a good investment idea to switch to Bitcoin after altcoins have made money.I think if the risk of holding altcoins is very high, mainstream currencies such as Bitcoin are the currencies that allow us to invest with peace of mind.

In this crypto space, you have to follow the trend and not fight it. This obviously the season of meme token and one has to follow this trend or get left behind. However, caution must not be thrown into the wind so you don't get your finger burnt. While investing in meme token, always consider and look out for long term investment.

Well, I once made a big profit on the meme coin. however, after I sold it, and a few months after that, the price dumped considerably, even now I don't know if the coin is still around or not. maybe meme coin can give you a big advantage because it's cheap, and you can get a very large amount. the increase in the price of the coin will make your finances really change.
it's just, many people don't recommend not holding meme coins long term. why ? That's because the function is not clear, the supply is abundant, and there is a possibility that the price increase that occurs is a bubble. it is very risky for big investors, especially if the coin does not have a clear function. imagine, when you focus on investing in meme coin, and the price drops. it will disappoint you

Don't worry those who insanely desired for meme coin like Dogecoin and also Shiba Inu has achieved what they are looking for right?

How High Doge reached this year? and now SHIB as well?


So care nothing for them because this is their Funds and they are the one who is risking .

This is the "everything bubble" for ya.

Enjoy the current craze while it lasts, I would say. The rate at which people are becoming millionaires due to meme tokens is simply unsustainable and sooner or later a great deleveraging will occur in the crypto sector.

After that, only the legitimate, valued projects will survive. 90% of NFTs and memecoins are going to go down the gutter.

I think that meme coins are a double-edged sword, because as long as BTC is in a bullish trend or is in a good price level, coins like shibe will have good progress, they may even go up a lot, more than many think, but the other side of the coin is knowing when and at what point in time for BTC to drop in price, how will these meme coins react? It is already known that Doge has a behavior that oscillates at 0.21USD difficult to break down, but shiba is a very nascent currency, we do not know the impact it may have, that is why I see this currency with a lot of risk for the investment.

We can deny the fact that there are wise investors who rides well with the pump,

they earned a decent amount of money and enjoyed it very well, and also, there are

investors who missed it out and still trying to find the best entry position to also experienced

the same benefits, some might lose their money taking this risky investment, their money and

it's their decision to make to whether to try some luck or to avoid investing with such kind of projects.

than this bubble is like a ticking time bomb ready to explode at any moment when the time comes.
on the other hand this is the importance of knowledge, enjoy it while you can and take advantage of what we can take here.
I myself said that this meme coin is a bad thing for beginners and don't fall into it. on the other hand, when we can take advantage of this by knowing the position in and out of there of course this will not be affected.
Precisely with the existence of a pump coin like this will make a few people get wealth instantly even though the is very risk .

I have gotten into the meme coin bucket. Not doing so well at the moment, but think as long as we have one more leg generally for everything, it will too, so I should by fine and dandy by the end  :)

The main reason why we are here investing in crypto is for profits so we should know how to take advantage on the current coins that make good profits, even if it means investing in meme coins. Honestly, we should be fearless sometimes so as to make huge profits because sometimes, what we think have no value will definitely give us the best profits we never had from other coins. So investing in meme coins is a choice, as long as you know that this is only for temporary. For long term profits, just stick to bitcoin for sure and higher profits.

Yeah, we can't underestimate them (unless if it was obviously shitcoins) as it was really unpredictable. Just like BNB before, nobody has that bright expectation that becomes on the top 3 coins in the CMC. Many we're ignoring this project and many projects have that possibility but because the majority needs assurance than to risk that is why they'd choose those who are known and have a better value rather than to invest in cheap coins. That even in meme coins can't just be treated that way, it simply they have the chance but too small.

I think that the bull market with meme tokens is driven by a combination of greed and ignorance.

It's almost guaranteed that this will end badly for those who are trading these tokens, even on leverage. The risk appetite of people involved in this space is crazy - they either retire tomorrow or never.

Don't get caught up with this, folks. You can get much better risk adjusted returns by buying into blue chip coins.

It is normal to see the investors desire meme coins because they want to make a profit which is their reason to enter the meme coins. They bought the meme coins because they saw that the meme coins could help them to make money. But if they are late to get out, I am afraid they will lose and never make any profit again. If you are interested in meme coins, make sure you know what coin you will buy and not risk too much money.

You are only risking your luck with meme coins which will not happen every time and every time,
so you have to be more careful about this even though the steps you take are very wise and logical.

To make sure meme coins seem difficult. They grew up and were supported by the community, and most of them just expected hype. In addition, their supply is very large and there are infinite ones such as doge. This makes mem coins more volatile than coins in general.

Honestly no, i haven’t experienced such with meme coins cause i never wanted  to take any risk. After doge, shiba coin was the one which create another hype in whole crypto market. I planed to buy but my bad, it was too pump and became risky for investment! but can't imagine this meme coin could pass this long journey from one dollar to one million  return! but except doge and shiba, i haven’t yet seen any others meme coin which have done such miracles with tremendous growth

Meme coins do not provide certainty in crypto, except for popular meme coins which are in the top 10 coinmarketcap, investments involving meme coins are quite risky, but if the investment is made it is better to switch to popular meme coins, rather than the risk we cannot minimize as small as possible, and it's true what you say, very few meme coins are able to reach one dollar, if any it's only temporary hype.

A very nice example, BNB from the early stage didn't get that support, but after earning traders trust using

their platform, everything went well, that spark creates more investors and traders to trust this project, and

look how far BNB now, reaching top 3 and still developing and gaining more followers and end users, we can't

conclude the potential if we will not do our own research. It saves a lot not just the money but also the time

we use when following the development of a particular asset.

Binance coin was never a meme coin though, it always had some kind of potential, which was severely boosted by the development of the Binance smart chain.

Meme coins on the other hand, may yield great results, but are extremely risky and is considered pure gambling.

It's a gamble nonetheless, and the reason why OP gained such profit is because he/she invested in memecoins in just at the right time and later on these memecoins gained such values, it's a gamble and let's be honest that these memecoins are not here to stay for a long period, these investors are looking forward to invest on reliable coins and coins that serves out a clear purpose and just a meme.

I'm pretty sure that OP will gain profit but I won't be certain that it's for a long time and he also had the guts to actually claim that he gained more profit than ETH/BTC for a long time, I really don't think that's true considering on how big Bitcoin and Ethereum had this year and last year technically speaking. 

Meme coins are on trend and are gaining the trust of most investors because of their visible improvement and pump. We all know that lots of investors prefer a short-term profit so they stick to trending coins regardless of their real purpose as a currency. Investors know how to take the hype as an opportunity to earn this time.

Why only Tron or Nano, almost all the major coins can be considered as "utility token" from the same vision.
If you consider Tron and Nano as real coins, then you are right about ignoring Doge. But in my opinion, all those tokens are shit as well as Doge and just have the same utilities.
Note that if we can confirm those few utilities for Doge and others, this does not mean that they really have value for future. If they play as alternatives for bitcoin to solve occurring issues, bitcoin overpassed all those issues by several updates.

Pretty bad so far. Everybody is chasing the new SHIB, when there probably won't be a new SHIB. And since everyone is feverishly chasing these, it will end bad for most. I think my meme coin journey will end bad too more than likely, but one can hope it works out  ;D

Try to look at some of the cases and experiences in coin memes in the past, have many succeeded or many have gone bad ? because from what I see there is only one meme coin that has been very good in the past until now, namely Dogecoin, the rest are not there

Obviously, because they make DOGECOIN and SHIBA INU be included in the top 10 in terms of market cap.

The hype is real, the reason why people are investing is only due to hype and this tells that there are still a lot of people in the space who are not yet educated on the real purpose of crypto because even if the asset has no real purpose, they are still willing to risk their money and for sure that's one of the reasons why the market would dump if panic starts.

It's good that the OP have handled the meme coins well and generated more profits than bitcoins and ethereum combined.
@Oshosondy every investment is a gamble already because the outcome is unpredictable that's why it needs time and effort to maintain capital without losing. Even traders alone is at risk of losing because the gamble they're unto is so risky.
I guess December or early January will be the start of bear market, we should prepare our pockets to make it as our advantage.

Meme coins cannot be invested in the long or short term, meme coins only rely on good moments for us to buy, especially when it comes to buying shiba coins, it's a good idea to focus on popular altcoins in the market for us to invest in, not much can be expected on shiba coins , the journey of this kind of coin is unpredictable regarding the maximum selling price, both long term and short term.

If you don't mention which meme coin clearly, then people will never believe, indeed there are people who are successful in this kind of coin, but very few and unlikely that, even if you believe and have experienced it, you must dare to say meme coins which generate huge profits, so that other people can also follow the steps you take, although some people will never believe it.

As long people would see that it do increases then they wont really be minding about real use case or relevance of the project as long the price had been hyped and shilled out then they would probably going with the flow and its true that it is really indeed a risky move but would really be a profitable one if you do know on how to go with the flow.
Investors could really be having that thinking that they could really make out money if they would follow the trend and this is really a matter of risk taking because
not all would really be that much confident when taking up some hype of their investments.

This can only happen for a moment, mate, because changes to memecoin only occur when there is hype and even now any coin is still unable to rise, let alone memecoin which is only a joke token without clear usage even though there are two proven evidences very clear some time ago, but you have to remember that it is only for a moment.

This is a unique trend, although many experts say that memes of coins are useless because it is just a number in the wallet without any real adoption like NFT or Defi, but this is a market trend, maybe it doesn't last long, the best way is to join and get profit for it is profitable.

Meme coins are popular because elon musk is actively investing in coin memes namely Doge, even now we can buy Tesla with Doge, I think this is a natural thing, but I'm sure if coin memes don't adapt to real usage it will be hard to survive.

I will never understand the desire to buy "meme" coins. At some point you have to realize that what you're buying is not an actual investment with any value behind it, but rather just a gambling addiction gone wild due to boredom of the soul. I recommend everyone to study their investments before making them. Why anyone would want a coin with nothing except community drive behind it, is alien to me.

Because of the profit that could be made if things fall into place but they seem to be forgetting the high risk involved as well, meme coins are not serious project and can easily lead to loss of funds, with the high risk involved in investing in meme projects I don't think anyone should be eager to put money in.

I think someone who benefits from memecoin is a golden opportunity, because this will not happen again. well, i also benefit from memecoin but very small, because i once invested in memecoin when the price of memecoin was experiencing a hype. it means I'm too late to join memecoin investment

Some people will take risks buying them for it has the opportunity to make a profit in a very short period of time. Imagine, many got a huge profit when Doge got in hypes due to Elon Musk shilling, people take this and even in Shiba Inu. Can't simply put this in ignoring list, we are here for investment, we take every opportunity to gain, and riding with the hypes is somewhat profiting that we can barely experience out from those top coins. It can be of higher risk but, that seems it all about, risk-taker will risk more than usual people.

I guess you are one of those lucky early investors of Shiba inu who got 1000x from investing early this year. Well, memecoins nowadays is really into mainstream crypto market as hypes are really top notch. Even in my country, most of my countrymen love memecoins due to the insane returns they see in Shiba Inu and doge. Unluckily, some of them got stuck at the ATH of SHIB.

I have some memecoins and I think they are collectible for long term, because I bought meme coins for only $5 with the amount of 1 billion coins I got, for other altcoins which have good fundamentals with good products, it will take a long time to reach new ATH, you name it some of the top top coins at the moment, the top coins will reach new ATH slowly as the price of the coins is determined by the product and the great interest of the investors and project developers. different from memecoin, this coin will quickly increase to ATH and there will be a dump

trust me it's not a convenience. those who think it's easy are those who hope to get rich in a short time. with investment assets that will be disposed of very quickly.
those who get the moment right may be able to benefit. but more will be trapped in such coin investment. and it will always be detrimental in the future.

I don't think any of shiba holders could hold until 1000x times price growth because since they bought the coin, they know they were buying a meme coin so the chance is so small they are not taking profits from 10x-100x price growth IMO.
Meme coins is the most hype type of coins this year because of the trends started by elon musk that trust any coin could be expensive as long as it has demand and people made it as a trend. But i think the trends is already over, the investors are much more smarter right now.

what meme coin do you have is it? shiba, dogecoin or other!

I have also made some profit from meme coin but not sure about future profit because meme coin is just hype. for me meme coin is very good for the short term, don't hold it for long time.

Investors really are after the meme coins, seeing how the trend and hype produce profits for investors, the desire for meme coins has grew even bigger. Although, some have made quite the profit from such, many are also now stuck because they entered the market and bought coins at the wrong time. Indeed, meme coins are only good for short term investments.

I think this year is insane for meme coins. I was aback that most of the investors or traders mostly invest in meme coins and mostly good potential coins did not rise much as compared to meme coins. My many friends made a good profit from the meme coins but I missed the meme train because I was not confident to invest in meme coins but gain good experience again. Overall Meme coins performance is unbelievable for me even many new meme projects keep coming and investors are still investing in such coins in hope of huge profits.

Meme coins have given me quicker money than real valued project. Infact while real projects are struggling to deliver, meme just keep giving result because of hype around it. This is also a quick way to death and it can fall without mercy to near zero, while your real projects will still be standing tall. This must be a meme year.

I think these meme coins are highly sought after because of the success we have seen from coins such as shiba inu and people believe one of these meme coins that come aftef could pay handsomely as well...its the only explanation why investors desire is to get their hands on these coins.

This is only for the short-term journey, meme coin as its hype will go down, its value will go down as well.

The best examples of meme coin's success can be seen on Shiba Inu and Dogecoin, they led the market of meme coins but if anything bad would happen to its value, I'm sure people will panic and the meme coins craze will be over. Actually, it's not new to crypto, we have some hypes that would not stay for long, and by the next cycle, we will see a new one that would again attract investors' money.

Investors desire meme coins basically because they are community driven. With people investing in a particular meme coin(s), it means more volume in the investment. This means increase in the value and profit for investors. Some meme coins, like Shiba Inu, are now integrated with utility - like Shibaswap, making it even more attractive to investors. While most meme coins are associated with hype, I think few meme coins could be worthwhile to consider for investment. What is basically required is to conduct proper research and ensuring that one invests only what he/she can afford to lose.

Some coin memes can indeed give us bigger profits in the short term but we must know when is the right time to buy and sell these coins, because basically investing with coin memes will pose a big risk so that it can result in big losses if we don't know how invest properly in coin memes.

Meme coins are good for fast profit in a bullish market. If you comply with risk management and don't invest too much, meme coins can really bring you profit, but still it is hard to guess whether it will be one more pump or meme coins will die. Not having any real use-cases, they will be abandoned in the future as they have been supported only by hype.

Yeah, you might be right with what you have made from investing in meme coins but this is not to take away the fact that most have also lost a great deal of investment from meme coins too because they joined the hype at the wrong time. Those are hype/pumped projects and they cannot be compared with projects with focus, longevity, and natural growth.

I have a few acquaintances that made a decent profit with Dogecoin, back when Elon Musk was trolling the entire internet. On the contrary though, I know a few others that bought during the hype, and are still holding hoping that one day, it will recover, in order to recoup their losses. Trading is risky itself, but with meme coins? That's a whole new level of gambling. Could be good for short-term pump and dumps, but extremely risky nonetheless.

I think that investing in meme coins is worth it only when there is a trend for it and this can be done only at moments when the market is up in other situations it is better not to do this otherwise you may suffer great losses or sit for a long time in a coin that does not represent anything.

It's not unexpected event to hear individuals sharing their benefit from contributing on dark coin/token, yet it's uncommon to hear the inverse. The very reality that image coins might be utilized or may have been utilized to get away from monetary observation places them in peril since they have a low degree of decentralization or rather deficiency in that department.

When we are in bull market like we are, the hype used to be foundermentally strong altcoin claiming to replace bitcoin with it's protocol, software whatever. Now, coin with no use cases except for burning, memes and gamble are preferred by new cryptocurrency communities! What a new development!

The experience you provide is very detailed but cannot be used as a benchmark and hope for meme coin, in the last few months meme coin has attracted a lot of special attention especially Dogecoin which is very crazy in movement, I never profit from meme coin but I play on top altcoin in cmc and i have old coins which i kept from campaigning in several bounties

This is only a temporary situation. Every time during the bull run there will be a dozen or so altcoins that are pumped in an extreme way. Unfortunately, when the bubble bursts, many people will lose a lot of money. Then most of them will find out that they have invested in a promises of earnings and are victims of speculation.

Meme coins are very risky investment. I missed Dogecoin, because I felt that it was late at the time I was planning to invest in it. The price was already going down and it was losing value despite that there were people on Twitter saying that the price will go up again and reach $1, I still never invested in it.

But, I saw SHIB and I got on it immediately, because I sensed that it was going to be another meme coin that would trend like DOGE, because I was already seeing a lot of people talking about it and the news carrying it around, so I quickly got in and made good profit with it before selling, because I already knew it wasn’t something that would last for long.

Well it wasn't supposed to be an investment at all. It just happens that meme got so hyped that it got its own coin. I specifically just stay from those coins as much as possible and even if such surges in price looks tempting, I wouldn't fall for it. I learned these back when Musk just hyped the crap out of Doge and it went skyrocket within few days.
It is just really insane.

I think someone who benefits from memecoin is a golden opportunity, because this will not happen again. well, i also benefit from memecoin but very small, because i once invested in memecoin when the price of memecoin was experiencing a hype. it means I'm too late to join memecoin investment

That is because meme coins pays more than other coins, if you landed on a good meme coins you can double your money is just a week or even triple your money, since meme coin is the most talked about many new investors are pumping their money into meme coins instead

yeah I think meme coins do perform like crazy and they do actually bring mad profits to it If actually in that short period you can take profit then congratulations but I think is a gambling situation where you can also lose Like 90% of your money so my suggestion is while is good to hop onto the meme train if you are late then find another meme and dont cry when you lose your money

Even after knowing that meme coins are risky investment, but People who took the risk, made bags of profit from it.
A altcoin can't be popular if people don't invest on it. But if a meme coin already popular and gain top, that means it already increased huge. So It'll bear no longer life changing opportunity for you. But i agree that switch to popular meme coins for short term is a good idea

Personally, I have devoted myself to trade and hold promising coins like bitcoin, ethereum and other coins that I find it interesting to invest. I always keep my distance from the memecoins to avoid future loss of funds rather than reaping profits, so I steer clear from it no matter how tempting it can be.
Well, that's my personal opinion about those coins but there are still other people who invests in memecoins and generated profits succesfully just like you. You're lucky and I admire your courage on taking that extreme risky situation.

Those who stayed away from memecoins don't know what they've missed, meme coins performs better than even BTC and ETH last year, it's always smarter to follow crypto trend rather than sticking with same old utilities that are available in crypto space before

Why there are millions of people who like to invest into memecoins? We may never know, it is in human nature to jump into things that are hyped and they are doing the same thing. If we were to look at things in another perspective, we could say that crypto is a lot like television shows. When a show gets too much attention, you end up watching it too, even if you do not do it for one of them you may do it for another.

Obviously you could pick and watch a show that very little amount of people watch, even get cancelled because of lack of viewership, but at the end of the day if Game of Thrones hype made you watch it, then you understand the point. Same goes for memecoins, so many people jumped into them that eventually people got into it and they jumped into it making it bigger and this created a cycle of people who join because it is growing bigger.