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Author Topic: Becareful with Meme Coins  (Read 1668 times)
JohnBitCo
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May 14, 2021, 08:36:31 AM
Merited by CryptopreneurBrainboss (1)
 #1

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

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May 23, 2021, 04:00:42 AM
 #2

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.

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May 23, 2021, 04:05:50 AM
 #3

Yeah these coins got their price purely from hype now they are among many coins that got affected so hard by the dump.
but I think anyone who bought these shitcoins know the consequences, I mean these coins are mostly made for pump and dump or in a nutshell to gamble and people still buying it anyway
the sad thing though, many newbie also following people buying this shit coin with the money the need, vitalik's shib rugpull also affect many retailers that many people get angry at him.


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May 23, 2021, 04:14:03 AM
 #4

They are meme tokens, not meme coins.

Vitalik revealed his thoughts on CNN Exclusive: The 27-year-old behind ethereum isn't surprised by the crypto crash
Quote
In fact, the 27-year-old co-creator of ethereum told CNN Business in an exclusive interview Tuesday morning he believed cryptocurrencies are in a bubble.
He stressed, however, that it's "notoriously hard to predict" when bubbles will pop.
"It could have ended already," Buterin said. "It could end months from now."

The pinned message is about Elon Musk and it is more than a warning about meme tokens for gamblers.
Quote
Elon is not going to have this influence forever.

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May 23, 2021, 04:14:41 AM
 #5

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.

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May 23, 2021, 05:10:08 AM
 #6

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.

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July 03, 2021, 03:26:07 PM
 #7

The dumping of the market on various fronts is very worrying, and indeed the meme coin is currently the most restrictive. It will be very difficult for meme coins to rise because the benefits provided by meme coins are very minimal and it makes investors less interested.

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July 03, 2021, 03:40:33 PM
 #8




The dumping of the market on various fronts is very worrying, and indeed the meme coin is currently the most restrictive. It will be very difficult for meme coins to rise because the benefits provided by meme coins are very minimal and it makes investors less interested.

dogecoin wasn't a memecoin before elon comes in, i use to like the coin even before it has even touched the value of a cent. doge is adopted on casinos so i think it does have a usage. now that it's been seen as memecoin it seems to have ruined it. memecoin had been hype early this year so it's hard for those holders to let go of their stash after Buterin toyed with Shiba Inu. it definitely devastated their funds.

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July 03, 2021, 03:53:29 PM
 #9

dogecoin wasn't a memecoin before elon comes in, 
It doesn't even need to wait elon to enter in the market to make the doge coin to be called as a meme coin. We can see that again the history of the doge coin

https://www.investopedia.com/terms/d/dogecoin.asp

Doge was calling as a fun coin and at that time the word of meme in the crypto was not so popular or people have called that as fun ciun rather than meme coin but by the time goes and everything gets changed and doge coin was a meme coin since it was launched in 2013

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July 03, 2021, 04:03:39 PM
 #10

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


Meme coins are interesting from the point of view of making a profit only in the first relatively short period of their price inflation. After that, their retention becomes not only impractical, but also very risky. In order to deal with such coins, you need to be a trader. In principle, I am not interested in such coins. I am interested in long-term work.

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July 03, 2021, 04:22:03 PM
 #11

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

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July 03, 2021, 05:24:06 PM
 #12

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

Most crypto depends on the movement of Bitcoin. Memecoin too, the risk of investing in meme coins is always present and everyone sees it clearly. Investing in a trend that doesn't have the same scope as meme coins carries greater risk than other types of investments. So stop fantasizing about getting rich quickly.

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July 03, 2021, 05:56:36 PM
 #13

Meme coins are unpredictable in price and this recent dump dealt a heavy blow on many investors we can not tell what the market conditions of meme coins will be in the future but we keep hoping things will change for the better.

I invested in one of the top 100 coins during the last bull run hoping the market will keep rising but now I lost almost 90% of my investment and left with no other choice than to keep them in my portfolio for as long as possible.
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July 03, 2021, 05:57:55 PM
 #14


dogecoin wasn't a memecoin before elon comes in, i use to like the coin even before it has even touched the value of a cent. doge is adopted on casinos so i think it does have a usage. now that it's been seen as memecoin it seems to have ruined it. memecoin had been hype early this year so it's hard for those holders to let go of their stash after Buterin toyed with Shiba Inu. it definitely devastated their funds.

Lol, Dogecoin had been known as Meme Coin since I entered this crypto space.   I wonder where were you during those time??

The dumping of the market on various fronts is very worrying, and indeed the meme coin is currently the most restrictive. It will be very difficult for meme coins to rise because the benefits provided by meme coins are very minimal and it makes investors less interested.


Meme coins are the most affected when bull transit to bear because this coin (meme coins)  thrives through hypes so when the hype down, price would definitely crash.
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July 03, 2021, 05:59:02 PM
 #15

dogecoin wasn't a memecoin before elon comes in, i use to like the coin even before it has even touched the value of a cent. doge is adopted on casinos so i think it does have a usage.
Do not mistake the fact that Dogecoin was created as a meme coin with unlimited coins in circulation but i do use the coin in casino and whenever the price of Bitcoin rises i usually gamble with them because it will give you the pleasure of gamble while you are really not loosing any big amount, but once the price started rallying i stopped gambling with Doge.

now that it's been seen as memecoin it seems to have ruined it. memecoin had been hype early this year so it's hard for those holders to let go of their stash after Buterin toyed with Shiba Inu. it definitely devastated their funds.
Once Doge gained attention and people started to look for alternatives and Shiba had a huge rally in the past few months and now people will be looking for token like these expecting a huge rally and many will burn their savings.


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July 03, 2021, 06:38:06 PM
 #16

everything is full of risks, but you have to have big capital if you want to get big profits in storing meme token assets, but for me it's better to find a safe point by investing in coins that have really good value in the market.

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July 03, 2021, 06:51:38 PM
 #17

~
Well I heard that it was meant to be just purely a meme in the first place when I heard that such coin exist. It was never meant to be a real coin from what I read in Reddit back then.
From the looks of it, it is just that the hype purely made its value go up.

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July 03, 2021, 07:00:57 PM
 #18

~
Well I heard that it was meant to be just purely a meme in the first place when I heard that such coin exist. It was never meant to be a real coin from what I read in Reddit back then.
From the looks of it, it is just that the hype purely made its value go up.
It is because many people started to use dogecoin even if it's intended as meme coin but in the end even the casino have accepted dogecoin as one of their payment option for withdrawal and deposits. I don't know about Shiba Inu but I wonder what will happen to Shiba Inu later on starting from the Vitalik donating of Shiba Inu especially many of the exchanges listed the shiba inu because of it.

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July 03, 2021, 07:47:56 PM
 #19

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.


It is a general loss and not only the meme coins that hadthen. Even bitcoin that is the king still suffered losses why won't smaller projects record some losses too. Etheruem also had a share of it likewise others. Meanwhile, people always make good money from whichever direction price is. What matters is spotting the right direction.


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July 03, 2021, 07:49:53 PM
 #20

Well any coin really. But yes, meme shits are more likely to be a rugpull, especially since they dont have a use case or public team
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