Bitcoin Forum

While I haven’t personally tried investing in Memecoins, my friends often ask me for advice on where to put their money in the crypto world. I usually suggest sticking to popular ones like BTC, ETH, and ETC. But some friends still go for Memecoins, even though many people think they’re not worth much.

After a few weeks, I started receiving messages and calls from these friends, sharing their successes with Memecoins. One friend even made a nice sum of money trading ROOST, experiencing what seemed like beginner's luck. He then wisely diversified his investments, putting some money into more serious projects and continuing to dabble in other Memecoins. Despite my initial skepticism, I've seen some progress.

I've always held the belief that Memecoins could potentially harm new investors in cryptocurrencies, leading them to feel discouraged after getting burned and thinking that the entire crypto market is volatile. However, my friends are all aware of the risks and only invest small amounts, treating it more like a game that eventually leads them to explore more substantial projects.

While I'm still not a supporter of Memecoins, I'm open to hearing other opinions.

Its good that you suggest those top coins since you will never be blame for that if something happen on their investment since the coins you choose is good for those people who starting up. And its their decision to take a risk so maybe they just try to experience what will happen to them if they ride on its hype. Maybe for now they can't feel that its not really worth it but for sure later on once they experience to get scam they are the one will avoid those meme coins.



Well its expected since maybe they are just hype and happy for their short term gains and its normal for newbie to be happy on that since maybe they didn't expect to earn especially if you said that its risky to invest on it. Maybe let them invest on whatever they want and experience the real harsh effect on investing of those meme coins especially for long term since they would provably learn especially if bad things they didn't expect will came.


It can really harm its just your friend is so lucky to earn at first but nothing will last long and he could figure out that he made a bad mistake for deciding to put their money on scams.

If you had invested in the likes of Shiba, Doge, Pepe at an early stage, I'm certain you wouldn't have this sentiment. There are risks attached, yes, in terms of trading memes because it's more volatile than BTC, ETH, and other high caps out there. But if you're lucky and you get an early entry, it could surely change your life. I've been seeing ROOST all around crypto Twitter; it seems they're building something good. If you feel like joining your friend but in a safer way, then I'd suggest you look into this. NFA

https://medium.com/@antonirabbit/roost-token-now-available-on-bitget-048f2a3e5e7e

Your friends obviously got lucky, there is nothing more than that, a few specific instances of success do not discredit the abundant evidence that investing in meme coins is often a bad idea that can carry serious economic consequences.

So be glad for your friends and their positive results, but if they keep investing in meme coins then it will not be long until they may come to regret their decision, since sooner or later they will invest in a meme coin that collapses immediately and that gives them no chance to recover their money.

Why suggest ETC? It is no more a crypto to invest and wait for a good return. In place of it you could ask them to look into LTC or BNB, the choice is still yours. The meme coin phase is here to stay and investment in meme coins can get you rekt.


Be open to new market narratives and try to use them for your benefit like your friend did. Do remember that the whole crypto industry is full of risk and investment in the wrong crypto can lead to loss. Do your research before investing.

Your friend gets lucky here, only a small number of people experience big profits investing in memecoins, it's like gambling, memecoins have a big addiction potential, and if he continues to feel like he's going to get lucky, he will get trapped and become a problem investor (the same case with problem gamblers).

Don't be triggered by their feel-good stories, stay against memecoins and be a more conservative investor for store of value purposes.

Profits do not come without risks.

We are all aware that even with popular choices like bitcoin or ethereum, there are still risks involved. So we all know that it really takes guts to invest some of your money into any coin, what’s more a little risk?  ;)

Huge risks = huge rewards.

Just make sure that you choose wisely and that you know what to do in case something bad happens. Have a plan A, plan B, plan C… and goes on.

I think those of your friends has got more crypto Coins knowledges more than you do because they came in consulting you for a crypto they could invest on but later ignored your advice and invested on the ones that even yourself haven't given a try about.
They may actually be ones of those who keeps Privacies and I am think they'd go on a long run by it but it mostly feels good when you share ideas so that you can always compare and find a better one to suit your quest.

I've really come to understand that lot of Investors do have their fan coins where they delightfully invests their funds and even though they may experience tough times along side of it, they'd always accept it to be part of the risks in the crypto sphere.
This could really be on of the reasons those your friends furged ahead and invested on their desired MemeCoins.
MemeCoins are actually good projects but you must be knowledgeable about it so that you can always have your assets on tract by knowing when t invest and when to sell and also your ability to understand that there are MemeCoins have short terms and low terms potentials so, you'd know how long you could hodl your holding in other to keep safe of your investment.

What's important for me is if you were to try to invest in something that you don't know yet, to do research and make sure that you are risking an amount of money that you know is okay for you to lose. I think having more exposure could help you but you need to understand that it's a risk and never a sure thing.

It's always a cycle if you were to look at the markets.

Memecoins are culturally bad for crypto because despite the awesome work being put into by very hardworking people striving to give crypto a better outlook other than the get rich schemes that these Memecoins are painting it to be. But it is what it is. In crypto, things you would expect not to hold any grounds will have one of the strongest narrative due to the held mentality. For instance, FTX token still has a millions of $ worth of value in its marketcap despite that FTX filed for bankruptcy 2 years ago. It's the same with this Memecoins. A memecoin like WIF with zero to no utility currently has over billions of $ worth of value.

I want to make money more than I want to be right so these days, I tend to keep an open mind.

There's nothing with meme coins, some are making huge money off it.
Some also saying that sometimes you can make more money just riding on the hype together even it has already started, you can still make money from it

But what we must be careful is the risk involves here, we all know how volatile memecoins and especially the market condition right now.

That's the truth, your friends are just a fraction of the percentage of people investing in meme coins as their initial investments and believe me, a large percentage of such investors get burned and then leave the industry because of their initial losses because not every single meme coin manages to get enough hype to perform and provide profit to their investors and those investing in unprofitable meme coins are getting burned it is just that we aren't aware of them.

I don't support encouraging newbies to get into meme coins when they join the industry, I know that most people these days are looking for ways that they can use to earn quick money and they find meme coins to be an opportunity to achieve that, however, it is not worth the risk in my opinion because you have a very high chance of losing your capital this way.

I don't invest in meme coins personally, and I have a bit of hate for the meme coins as a whole, but in reality, meme coins are just like other investments out there. Sometimes you can get profit investing into it, sometimes you don't. It's the same as the other altcoins out there.

Meme coins might potentially harm new investors out there because of the fact that they can lose their money investing into these types of coins, but so does other coins that isn't a meme coin at all. As for your friends, I assume that they heard success stories online coming from different people that earned a lot of money because they invested into meme coins that's why they want to do the same. Well, it seems like they're successful in their "FIRST" investment with meme coins. What's good is that after one of your friends made profit, he lessens his risk and invested into some established coins... or not because you only said "SERIOUS" projects. :D

Anyway, investing into meme coins is still a good whether you're a new investor or not. Nothing will change if a new investor invests into new projects out there. It all comes down to risk management.

Let's think what the call conversation will be if your friend had lost money after trading in memecoin!

Memecoins are here to make money for their owners and not to their users. If you are lucky, you can make a nice amount of money from memecoins and if you are able to get out in time.

Memecoins are worthless! It's a gambling! Most of the people loose money in memecoins. So whenever you are advising someone, never advise them to invest in memecoins. Rather stick to the known cryptos like Bitcoin or ETH. That's safe for them and for you as well!  

The important thing is that you know what memecoins are and you were able to communicate the meaning to your friends, but they eventually went for memes and got lucky, I'm sure that if they didn't, they won't blame you for misleading them. I see memecoins like the gambling industry were people lose their money and the industry is still growing stronger, the fact is that some people like to take risks for the big bucks, even when they know that the chances of grabbing it is slim. My only advice to people that have the risk absorbers to buy these projects is to invest the amount that they can afford to loose, because there are more scams than legit projects in the crypto space.

Diversification is good but you have to be careful because memecoins are risky to invest. Though patient is also part of it. Majorly those top 3 you mentioned are the best but you can still add more to those ones and since those ones are still new in the ecosystem you wouldn't spend much to have them. $50 to $100 can give enough of them and you locked it in the wallet for years to come before you religion again to see if they have appreciated. But before you invest in them you have to make a thorough investigation or research.so that you won't invest in the wrong ones you see in the social media. Because the way I am seeing things in the social media, scammers are making advertisements so if one is not be careful then he or she will fall for them.

Memecoins and airdrops are not bad but knowing the good ones is an another thing to know.

I'm not sure if I agree that meme coins are now a potential gateway for new investors. Or are we just considering this because of the successful stories we've heard? Nevertheless, the good thing about this is how we approach it with a level-headed mindset, understanding the risks to explore the broader crypto space. It doesn't escape me that meme coins get a bad rap for their speculative nature and sometimes volatile movements; it's almost the same as other new projects with no use case at all and just pump-and-dump schemes. But starting small and treating it as a learning experience is the right approach.

In a way they are indeed a gateway investment for most people, as investing in stocks, gold or other assets is thought to be too complex, while investing in bitcoin is to be avoided on their minds as bitcoin seems to be too expensive already.

So what to do? And that is when meme coins appear on the radar of those potential investors, as they think this is the opportunity they have been looking for to multiply their money relatively quickly, even if we know that such outcomes are very rare, and only a small subset of investors obtain any profits with those coins.

Investing in meme coins can go either way, it can be an ultimate success or end up being a complete failure and the future decisions of these investors will be based on their initial investment outcomes. For everyone it's good to take the risk as long as the money they invest is affordable for them to lose but I am also against when someone buy their first crypto as memecoin.

Meme coins are risky as they do not carry any utility and are more like pump and dump coins. That being said, many investors have made quite a substantial return on their investment in a short time through meme coins. If OP has the money to dispose of and wants to get returns quickly, then meme coins are the best option. In the first quarter of this year, the narrative that was trending due to the returns generated was meme coins. I can forsee that the same narrative will again be trending when bull run returns to the crypto market.

Look meme coins are very confusing especially from the previous year they have been performing really well.  I mean it's obvious that some of the projects are scam and they made you to lose your money but the real meme coins that has a good fanbase and marketing team are giving people some good profits.

I have seen an era where people are preferring to invest in meme coins more than the altcoins. Because an altcoins can give you up to 5x but at the same time meme coins can give you up to 50x. Thats why greed has attracted people so much.

For now, I actually still believe that being in memecoin cannot be fully called an investor because even though in this case investment can be based on short or long term but for memecoin it is much shorter than that so I think it is not worthy of being called an investor but it is still suitable to be said as a person who makes momentum where they manage to get in and out quickly.

Because investing in memecoin is clearly not recommended especially for the long term because we certainly know that for now memecoin is still not worthy of being used as an asset that we can enter for the long term so in this case momentum is what is important for us to know because being in memecoin can be profitable if it is at the right time and can be very detrimental if we do not know what scheme to do when in memecoin.

It's great to hear that your friends have had some success with Memecoins! Your approach of advising caution while still being open to their choices seems balanced. Memecoins can indeed offer opportunities for gains, especially if approached with the right mindset and understanding of the risks involved.

Your point about Memecoins potentially being a gateway for new investors to explore more substantial projects is insightful. For many, it serves as an entry point to the crypto world, sparking curiosity and encouraging learning.

It's always crucial to remind everyone, especially newcomers, to do thorough research, understand the projects they're investing in, and never invest more than they can afford to lose. As the crypto market continues to evolve, it's essential to stay informed and adaptable to new trends and opportunities.

I actually agree if we were to look at the definition of an investment.

Investment is the accumulation of an asset that could provide you with money or profit. Since memecoins aren’t really good for long term holding can we consider it to be an asset? If it will just lose value in a short amount of time?

A bad investment is still an investment, it is just one that it does not benefit anyone that decides to risk their money with it, which describes meme coins perfectly.

However new investors let themselves be heavily influenced by social media and influencers, so they end up believing they have bought the next bitcoin while it is still on its early stages, not really realizing that what they really bought is just one of the many different and useless clones that appears every time we are close to the bull run.

You described it perfectly.

I believe rather than blaming the mean of investment people should reevaluate the decisions they make. If an investment goes bad then maybe they are making the wrong decisions and should see other ways how to maximize that particular investment they decided to partake in.


I think this is a product of laziness. People want easy money with minimal effort. So what is the best way to do that by having someone else research the “good” coins for you and just invest on it?

The perspective of people regarding meme coins have completely changed after some projects like doge, Shiba, Pepe and even Pi. People used to think that meme  coins are not worth it to invest but these projects have proved that they're very much worth it.

The problem is that there is a plenty Of risk involved while investing into meme coins. You never know which one will get your good profit. Hit and trial method needs a lot of patience and asset as well. Thats why still people are avoiding them even the fact that they have given good profits to many users .

As you have suggested top coins so there is no doubt about their success but in case of meme coins they will always be in doubt and will be in fear of losing money. I think we have to first concentrate on top altcoins and if we have some more amount then you should also invest in meme coins. Meme coins are risky but when they become profitable then their advantages are so high that their profit is higher than top coins.

New investors have lost money due to meme coins because they have no experience in choosing the coins so they don't search about the coin but randomly choose coins for investment and their ambition is only to get lots of money in short time which is greed and due to such greed they lose money.

No, the only thing change is there's a lot of people trying their luck on their investment on Meme coins but the what people think about meme coins still the same. If you see the comments of people about meme coin in this forum they still call it as scam which they have a point about it.

Although there's a lot of people earn on their meme coin investment and there are some good meme coin doing well on the market still that doesn't prove anything yet.

Maybe if there's good use case with meme coins and there's a lot of tokens will succeed which goes the same with those tokens you mentioned then provably that there would be a good changes will happen on meme coin scene. But now people will continue to think that meme coin is just another scam if we continue to see that there's a lot of scammers take advantage with this.

Many investors are discouraged from buying meme coins because they only get value from the hype. When the hype started to die down many investors rushed to sell tokens, contributing to big losses for hodlers. Therefore it is better to choose top currencies that can easily solve this challenge and eliminate the need for traders to come in the risk here is low.

Well, it's better to be safe than sorry because if it's not your money, it's better for you not to take the risk of telling them about meme coins because what we want from here is to prevent ourselves not to getting blamed some bad scenarios concerning the crypto market if anything happened on their investment. Honestly, Memecoins are riskier than investing in bitcoins or any top altcoins in the crypto market today. Since they are popular now, we expect that a huge number of other scams Memecoins will emerge and might gonna cause some major trouble with the new investors when they are lured to invest in those fake Memecoins which are made only for pump and dump purposes.

Realizing that memecoins will not make you rich and only will hurt you takes time, and a lot of people think that if they make a good amount of profit from it they can get out, but the sad reality is that the number of people who made a profit from memecoins is far lower than people who lost money from it.

The way to make money is to sell right at the correct time, but if you don't then everyone else (sold or not) are all in a loss right now. Sure there are moment when the price goes up, but that doesn't mean that we are going to end up with a loss, we should consider that as a lesson. I believe that memecoins are things to stay away from and if you know what you are doing then you are going to find other coins that would be quite good to invest and make a profit from as well.

Most people do not really understand the markets and this explains why they keep investing in meme coins, the markets are a zero-sum game, which as we know this means that in order for anyone to earn a dollar someone else needs to lose it.

So if a person is looking to invest in meme coins and make 100x their capital, they need 100 people just like them to lose their whole capital, and even if they were to achieve this goal, there will be 100 people that failed to do so, so it is obvious there will always be way more losers than winners, and if people understood this, they may think it twice before investing in those coins.

Memecoins may be a gateway, but also can make people never touch crypto again. It's an unpredictable and chaotic market, even more than the regular altcoin market.

Currently memecoin is an investment that is very popular with crypto users, especially for new users or beginners, where memecoin can provide large profits in a short time, but you need to know that memecoin is like buying a lottery and gambling on it. if you are lucky then you will make a profit and vice versa you will experience a loss, and not all memecoins will give you success, I suggest that if you want to invest in memecoins, you should choose memecoins that are developing or are on the rise,