Becareful with Meme Coins

[TheGreatPython]

Although everyone is after the meme coins but currently the meme coins holders are in a big loss. Things may change but its risky to invest in such coins although i have seen these meme coins giving more profit than those fundamental strong coins.

The thing with these meme coins is like they are mainly being used for pumps and dumps, so that’s the thing, you’re either going to lose or you win. Whenever they pump they get pumped heavily and when they start to dump they are being dumped heavily and to the extent a lot of people will lose so much of their money and even get discouraged.

And I do see some of these meme coins as scam, because they have some really weird names that come across as being unserious. So, it’s usually best to avoid them and if you’re going to invest in them then it will be better to invest in the top ones that are popular. These days anyone can just come out with their own meme coin.

[Slow death]

No wonder if Safemoon is only running in Ethereum blockchain, Vitalik would surely kick out these coins from his wallet. But infairness, I really salute to the marketing team behind Safemoon, they are incredible professional interms of hyping. Imagine no Elon Musk, but Safemoon goes up.

looking at this altcoin the first thing that caught my attention was:

Total Supply: 1,000,000,000,000,000

https://coinmarketcap.com/currencies/safemoon/markets/

there are many currencies, and from what I see it is still not listed on many major exchanges and it has a lot of trading volume, also a curious fact is that while all altcoins are currently increasing in price, this altcoin is having a 19.78% loss

[Traderbtcc]

A few days ago the market was all time high. Meme coins also pumped a lot at that time. But whenever the price of Bitcoin goes down, Meme Coin goes down too much So meme coin holders wear in a big loss

The reason why it dumps hard is because they have no real product or utility to back up the price of the coin, so whenever a dump in bitcoin happens altcoins also follow, but coins with no real utility will dump even harder than others.

Maybe I'm one of the lucky ones to never be interested in meme coins (shits), everyone is just too crazy about memes and I don't know what's going on in their brains

You are not alone mate, I'm also not interested in these meme coins cause buying or investing in them feels like gambling away my hard earned money, most of the meme coins usually rug pull after the initial launch since meme coins are always created by anonymous teams who can disappear without any trace.

[Bezelowy]

If you can invest into meme coins, you should know what basic red flags are...

[minime0105]

In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.

It nothing new, meme coins always suffer most when bitcoin dumps, since they are just fun tokens and not Utility tokens, dogecoin dumped too but not as much as other meme coins, dogecoin has manage to become very strong right now with Elon Musk backing it, dogecoin looks unstoppable.

[LongStand]

you are right sir, the trend of memecoin is almost over and now we should be stay away from these coin. now we should look for top 20 coins or devoleping coin of NFT. NFT trend is looking good. those who already made profit should think about that meme coins has no use. after trend no one will buy it and result in huge dumop.

[awik p]

In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.

It nothing new, meme coins always suffer most when bitcoin dumps, since they are just fun tokens and not Utility tokens, dogecoin dumped too but not as much as other meme coins, dogecoin has manage to become very strong right now with Elon Musk backing it, dogecoin looks unstoppable.

what's worried about meme coin is the hype pattern for which we have to be extra careful. this is like speculation so as soon as possible we must seize the moment. or else we will lose what we should have held, because when bitcoin is slammed then the meme coin will suffer even more

[Psynthax]

you are right sir, the trend of memecoin is almost over and now we should be stay away from these coin. now we should look for top 20 coins or devoleping coin of NFT. NFT trend is looking good. those who already made profit should think about that meme coins has no use. after trend no one will buy it and result in huge dumop.

Even if the trend is almost over we should stay away from coin like meme coin from beginning because its speculative.
Instead, project like NFT games will give better opportunity to earn by playing instead of making speculation. So you will not need to worry that you may lost some money you have because of the price fluctuation that can be very harmful, while most of NFT games will just become stable in the market and not have that much fluctuation.

[Tahsin Kabir Kollol]

 Meme coins achieved their cost absolutely from publicity now they are among many coins that got influenced so hard by the landfill.
yet, I think any individual who purchased these coins knows the results, I mean these coins are generally made for pump and dump individuals actually getting it in any case. The tragic thing, however, is numerous beginners are likewise following individuals purchasing this coin. So new and inexperienced people must be careful before buying this cryptocurrency and think about its future and current status.

[Arvin01]

Although it is possible to make money by investing in meme coins, the risks of this kind of investment are very high and are more similar to gambling than real investment. If you happen to buy and sell at the right time, you can make a profit. However, you are more likely to lose all or most of your investment.
A better strategy is to focus on investments that are likely to perform well in the long term. Generally speaking, cryptocurrencies are still highly speculative, so no one knows how it will perform over time. But if you do invest in cryptocurrencies, make sure that the currency you choose has strong fundamentals and is more likely to stand the test of time.

[Ruvi2000sew]

There are now so many altcoins in the crypto world, and we also have new altcoins every day, some of which are legit and most of which are scams, so be cautious when investing, especially in new coins, because there are so many scammers taking advantage of the meme coin trend, so always check and do your own research before investing in a new coin.

[Fatunad]

Yes, investing in meme coins and shitcoins is very risky, it carries almost 90% risk because they have no use cases so many wise people don't invest in it. So there will be very low buyers and the price will be low and the this 90% can also give you 10x-100x project because many influencers use to shill meme coins, so they can choose your bought coin and you will get approximately 10-100x.

Even on top coins wont really be that risk-free but it is much better than involving with shitcoins but there are people whom do really love to deal with these coins due to high reward ratio but of course
the risk would really be in equally high too.Its up to someone if they would be dealing with it or not since there are people who are aware with the risk and there are people who do just dive in without
any proper knowledge and awareness on how this market works.If you wont really be careful then most likely you would really ending up on a disaster.
Invest on the amount that you can afford to lose.

[xiboothrezi]

There are now so many altcoins in the crypto world, and we also have new altcoins every day, some of which are legit and most of which are scams, so be cautious when investing, especially in new coins, because there are so many scammers taking advantage of the meme coin trend, so always check and do your own research before investing in a new coin.

we really have to be selective in choosing projects, especially new projects that appear just because they follow the hectic trend. know well what we are going to invest in, don't be fooled, and make sure the project has real functionality and strong fundamental support. meme coin was created for instant profit by taking advantage of hype, community support and influencers. The risk is quite large, so if you enter or exit late, you can end up in a loss. it is better to choose another project whose function is more tangible.

[BitTraderCute]

Yes, investing in meme coins and shitcoins is very risky, it carries almost 90% risk because they have no use cases so many wise people don't invest in it. So there will be very low buyers and the price will be low and the this 90% can also give you 10x-100x project because many influencers use to shill meme coins, so they can choose your bought coin and you will get approximately 10-100x.

its risky if we didnt completely research in which meme coins we have to invest.there are many meme coins in market especially recently launched , these coins have bigger risk than existing meme coins like doge shiba inu. although its contain high  risk it doesnt mean have no profits potency and even its bigger than reall project that have utility.

[TheListener]

Yes Meme coin is so risky if investing In meme coin first you have a great analysis but we can get a huge benefit from meme coins reason of risky meme coin because meme coin have too much coin supply that's why price can't pump and people fear to investing

[Chathusand]

The issue will arise if memecoin players are unaware of what they are doing. Gambling is not unacceptable, and I believe the volume and interest in memecoin has shown us that there are a lot of gamblers out there. As cryptocurrency investors, you'll know exactly where to focus your efforts for the best outcomes!

[omone1]

Most Meme coins are now dead. People thought they were going to move like dogecoin, it doesn't work that way. People  are scared of putting $5k in bitcoin but choose to put $20k in Meme coin and today they are rekt and helplessly watch bitcoin soar.

[tiffcrz]

These new meme coins that were suddenly emerging in the market are an instant red flag for me. I don't want to waste my time and money on most of them. As much as possible, don't fall from their sweet promises of massive profit returns. If I were you, I would rather put my hard-earned money into a more established and stable project that has been around in the business for several years already. A project with steady development progress. The like of Stakenet XSN is a perfect example.

[AhmadM]

Most Meme coins are now dead. People thought they were going to move like dogecoin, it doesn't work that way.

Not surprising though, most the time being all of the hype in the crypto would not be long last forever, there would be the end date of its hype. Well even if the similar things happen to those meme coins such as doge it would taking  for years not suddenly happen within an instant period either.

People  are scared of putting $5k in bitcoin but choose to put $20k in Meme coin and today they are rekt and helplessly watch bitcoin soar.

That was the best result for those people who followed Elon influences, lol

[livingfree]

Most Meme coins are now dead. People thought they were going to move like dogecoin, it doesn't work that way. People  are scared of putting $5k in bitcoin but choose to put $20k in Meme coin and today they are rekt and helplessly watch bitcoin soar.

Except dogecoin.

You're right, that most of them are likely to be dead already and investors of meme coins are still hoping that someday these coins will make them rich.

With those likes of safemoon, shiba, and others that have pumped before, they're too late from the pump that those did.