Bitcoin Forum

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

They will believe what they've seen such as making big profits with meme coins from other people. That's why they're going to choose what they think will make them much money from these meme coins. Even if how many times we're going to warn them of being careful, it's still going to lie on them to decide if they will invest or it. They won't stop investing in meme coins until they've experienced it on their own and they lose money from their own choice. It's okay to warn them but they should also consider these warnings that we're giving to them so that they'll be guided whatever they decide to do.

I completely agree.. scams are on the rise, and I seem to be noticing most of them on BSC. Just saw a news article the other day about Tsuzuki Inu doing a rug pull and stealing $1.1 million from investors. Be careful out there folks and always do your own research!

I notice that more than 95% of all meme coins that are launched now, are scams. There are different hidden functions in smart-contracts, codes are not opened or are not verified so you shouldn't trust such projects. I think that all investors should keep aside from meme coins now as it is likely that you will come across a scam and you will not be able to sell your token then.

By now anyone buying new meme coins knows what he is doing i.e gambling, it's a get rich or die trying scheme. Doge, Shib, Elon, DOE, Akita made a huge return for early adopters so why should you stop people from trying after all most people see crypto as a get rich scheme nowadays.

That's true that research is essential. We should investigate documents, web-site, social media, partnerships and development team before invesing in any token, but actually, I don't think that meme coins worth my time as even if in 10 projects I will find one that is not a scam, it will be luck, but even after a careful research, you can't say for sure, if it is trustworthy or not, so I don't want to spend my time.