Becareful with Meme Coins

[cryptobrzy]

Only the people that buy meme coin in the beginning actually really enjoy the big profits… especially if the token already pumped and is some on all time high price… buying meme coin at ath is really good because when it dumps , it dumps really hard 50-70% and the recovery would be quick

[llooafer]

You can easily become wealth and freedom through memecoin, and you will become nothing with memecoin. We have no way of knowing what is the right opportunity to invest in memecoins. It is still necessary to set a stop loss for meme coins. Prevent coins from falling to death.

[Maestro75]

Actually got some but being toast at the moment. It seems the only way to recover these meme coins are if elon and dogecoin started to pull the market from bearish divergence. But that's not gonna be easy as bitcoin market is being fud by the Chinese Government. I do hope Chinese crypto enthusiast will support blocking their own government for making a stupid decision.

It is as if you knew that the government of china will pull a big one again on cryptocurrency and it did. China is disrupting the pace of cryptocurrency and drawing the world back with its many bans on it. Referring to meme coins as dangerous investment is a good warning because alot of the coins there are only created to scam people without anything to project. But alot of people do not want to heed to this warning because they see memecoins as easy profit for them but most of them end up getting scammed.

[Vishnu.Reang]

I don't even understand the point in investing in meme coins. If you are curious about them, then you can collect them like rare stamps or coins. But there is no point in making an "investment" with these cryptocurrencies. And earlier it was still OK. We were only having Dogecoin and a few dozen other less known memecoins. But after Doge had it's crazy bull run, hundreds (if not thousands) of memecoins have popped up. And in most cases, it is clear that the promoters are trying to cash in on the popularity of Doge.

[Ozero]

You can easily become wealth and freedom through memecoin, and you will become nothing with memecoin. We have no way of knowing what is the right opportunity to invest in memecoins. It is still necessary to set a stop loss for meme coins. Prevent coins from falling to death.

I am not interested in meme coins, since this is a very risky investment that is profitable only at the initial stage of such a coin spinning. If it has been increasing in price for a long time, the investment risk increases very much. This game is not for me. There are many safer ways to make money in the world of cryptocurrency.

[mulia sabee]

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.

Vitalik Buterin strikes back at doggy coins with $80m rugpull

Ethereum Founder Vitalik Buterin Donates $1 Bn Worth Of Meme Coin ‘Shiba Inu’ For Covid Relief In India

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

There are many assumptions about the emergence of meme coins today, there are meme coins that can make the holder happy because they have a more profitable future in holding the coin. but not all memecoins have such prospects, so to avoid anything unwanted in holding memcoins you should take steps such as following media that informs about memecoins held, such as their telegram group, facebook or twitter. don't be too serious in holding memecoins, because there are still big projects that are more sure of their profits.

[Hasan986]

Meme coins very risky. Maximum meme coin is scam. They make a profit in a very short time and make a profit in a very short time. If you want to take profit from these, you have to go out again with the entry at the right time. It is best to stay away from these.

[Fatunad]

Meme coins very risky. Maximum meme coin is scam. They make a profit in a very short time and make a profit in a very short time. If you want to take profit from these, you have to go out again with the entry at the right time. It is best to stay away from these.

I dont treat any other meme coin other than Dogecoin itself because this is the origin of all meme coins and the rest is just pure non sense and just trying to dive in with the hype.I dont see any
real-use case with these things but rather they do just dive in because of the hype thats why people specially noobs should really be careful on dealing up with meme coins and other shitty
projects in the market because if you dont then most likely you would lost up money.

[Brus123]

Meme coins very risky. Maximum meme coin is scam. They make a profit in a very short time and make a profit in a very short time. If you want to take profit from these, you have to go out again with the entry at the right time. It is best to stay away from these.

I agree with you that the majority of meme coins are scams. I investigated smart contracts some of them (especially those that contain in their name "dog" like lady doge, baby doge etc) and almost everywhere I saw functions that showed me that developers just wanted to ride the gravy train. They just used the fact that dogecoin was trendy and people believed that meme coins were really profitable so started creating plenty of such coins.

[PhucS]

Major cryptocurrencies like Bitcoin and Ethereum were developed to solve real world problems. Meme coins serve no practical purpose, they are created as a way to make quick money. Some have been promoted by celebrities, mentioned in some events, so their value is greatly exaggerated. They have no practical utility or solve new problems.

[slaman29]

I agree with you that the majority of meme coins are scams. I investigated smart contracts some of them (especially those that contain in their name "dog" like lady doge, baby doge etc) and almost everywhere I saw functions that showed me that developers just wanted to ride the gravy train. They just used the fact that dogecoin was trendy and people believed that meme coins were really profitable so started creating plenty of such coins.

There isn't any need for investigation. But curious to know anyway, since most people in this space aren't actually devs (and by this space I mean people entering into discussion).

Where are the functions that show this about developers?

AFAIK everyone just copy pastes from Github and then relaunches on another chain or L2.

[airdata]

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.

You are correct, becouse myself is example of this, i invest my assets on Four different meme project,  i know that meme coin investment is risky, but i invested. As a result one project is profitable for me and i lost 70-90% fund from my others meme coin's investment.
But it is correct that many people earned good money from meme coin investment. Also from Shiba Inu i maked good profit.           

[Bonenx14]

Major cryptocurrencies like Bitcoin and Ethereum were developed to solve real world problems. Meme coins serve no practical purpose, they are created as a way to make quick money. Some have been promoted by celebrities, mentioned in some events, so their value is greatly exaggerated. They have no practical utility or solve new problems.

Celebrities who mention the value of memes excessively are very common because they are paid by the meme party to say that so that the meme tokens mentioned sound very good and also very good, when in fact the opposite.

[Baimovic]

By holding a meme coin, the risk that we will accept is very large but if we hold a coin with a very cheap price then it doesn't matter to hold it in the long term because the coin will rise suddenly without us realizing it, especially the more people with big losses then there are also people who experience big profits that trading all things can happen just how we manage our finances for the future.

[bhooscream]

Meme coins serve no practical purpose, they are created as a way to make quick money.

Correct. Meme coins have no real uses, no clear purposes. This is why buying and holding meme coins are very risky. If someone wants to hold a coin for a long time, it is not recommended to buy meme coins. But if someone wants to do day trading, I think it is no problem to choose meme coins. Day trading is one of the best ways to use meme coins in crypto market. In this way, we are not holding them for a long time.

[Koutami]

Meme coins serve no practical purpose, they are created as a way to make quick money.

Correct. Meme coins have no real uses, no clear purposes. This is why buying and holding meme coins are very risky. If someone wants to hold a coin for a long time, it is not recommended to buy meme coins. But if someone wants to do day trading, I think it is no problem to choose meme coins. Day trading is one of the best ways to use meme coins in crypto market. In this way, we are not holding them for a long time.

Agree, Meme coins are really good for trading since its really volatile and have huge daily volume. But becareful of its dump, since its can happen anytime.
Daily trading isnt good, hourly trade probably more suitable for scalping meme coins.

[iTradeChips]

These type of coins are quick in & out, only the first 5-10 mins buyers will earn from this. If it already pumped a lot then I suggest don't put your money on it. If ICO was popular last bull run, meme coins are now the thing that makes some people earn some big amounts. I think these coins became popular because of binance smart chain and DeFi platforms now, creating tokens under bsc and listing them on those platforms can be done easily and not that expensive. I think the term rugpull was also created because of these meme coins.

What I think is that these kinds of coins are very predictable to someone who deals with Bitcoin or Ethereum. The pump and dump is pretty obvious and many buyers will only spend minutes during the pump to sell what they sold when the price was low. Meme coins is really what they are, just memes and not really to be made into serious asset. The popularity of these coins was just because of the platforms and because some celebs think they can influence people into buying if they made a tweet or two.

[nikola22]

experienced users understand that meme coins are too risky for investments but many newbies want to earn fast and easy money that's why they put their money in such coins as SHIB, DOGE and others.

[bhooscream]

Meme coins are really good for trading since its really volatile and have huge daily volume. But becareful of its dump, since its can happen anytime.

It is only good for the people who know how to trade meme coins, not really good for all people. As far as I know, only Dogecoin and SHIB deserve to trade daily, I have traded these two coins before. These two coins also have already big volumes in the market. But for other meme coins, I am not sure to choose them for daily trading or hour trading, the price volatility is very extreme. I doubt that I buy the coin at the wrong time, then possibly lose all my money. Because meme coins with low volumes can increase in a very short time, then constantly decrease till a very cheap price.

[sikke]

experienced users understand that meme coins are too risky for investments but many newbies want to earn fast and easy money that's why they put their money in such coins as SHIB, DOGE and others.

And it's honestly worked out pretty good for them, so good for them I guess.

But in the long run, this is not a viable investment strategy.

You should only invest in stuff that actually has intrinsic utility and value. Memecoins is merely a speculative vehicle that has been hyped up by the community, and most will die down and return to their intrinsic value of zero in the long term.