Becareful with Meme Coins

[MusaMohamed]

Meme coins were originally made for fun and as long as it isn't functional, I don't think it's worth buying. It's just being manipulated by huge influencers that could cause a massive pump and dump later on which is actually risky. As for me, it's better to buy and trust well-established coins which couldn't be manipulated by hype.

For fun is what the crowd think of meme tokens. For meme token founders, developers they are real and serious. They are serious because one successful project will help them become millionaires. Success here means a quick growth in price. It will bring real fun to founders together with money.

Scam or not scam meme tokens, if it has 10x, 20x founders will be rich. It is main reason they create meme projects.

[isaac_clarke22]

~

Quite synonymous to pump and dump schemes that you encounter in a lot of coins these days.
It is nothing to be surprised anymore.
It is just like many projects that tend to be from trends these days. ICOs, IEOs, etc.

[nelson4lov]

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

They are probably after meme coins because of the insane gains they can make in one pump, meme coin are the easiest coin to go a 1000% in just a blink of an eye(over night), recently it was one shitcoin called babydoge, Elon Musk even made a tweet to endorse it, the new set of investors we have in the crypto community now are choosing quick profits from shitcoins over investing in strong fundamental coins, we can't really blame them cause everyone wants to get rich fast.

[DarkDays]

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.

And whose to say that in the next bull run meme coins will be a thing???

From previous bulls, we know that what's hot today is probably not going to be hot tomorrow and this might well be true for meme coins. And, yh, for sure these coins have seen massive dumps just like the rest of the market, but I do not think there's a road to recovery for them.

[crzy]

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.

And whose to say that in the next bull run meme coins will be a thing???

From previous bulls, we know that what's hot today is probably not going to be hot tomorrow and this might well be true for meme coins. And, yh, for sure these coins have seen massive dumps just like the rest of the market, but I do not think there's a road to recovery for them.

Recovery will only happen to the good coins but if there’s still a hype with the meme token then I believe they can still rise but it will always depend on that. Meme token can’t stay longer here because they have no purpose in the market and they can’t just depend on any hype, this bear trend will hurt them that much so better to stay away for that meme token, that’s not worth the risk anymore.

[SirLancelot]

There are way too many people who are willy nilly about their money and that shocks me. I care about a single dollar I have, and this is not a joke because my friends mock me about it but that is how I just grew up and even though my parents weren't poor, they weren't wealthy neither, I would say I lived a very good childhood yet I knew how my father worked and saved just so I can live that life.

We had horrible periods where we paid certain bills and postponed some other bills, I had banks coming in to seize stuff because we failed to pay our debt, but I had moments where I went to private high school and spent anyway I want while getting all kinds of games and consoles as well, I lived both sides. I learned one thing, if you are not careful with your money when you have it, you will wish you were when you don't have it and that is the lesson I took to my life after I got married and built my own life.

[Quidat]

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.

And whose to say that in the next bull run meme coins will be a thing???

From previous bulls, we know that what's hot today is probably not going to be hot tomorrow and this might well be true for meme coins. And, yh, for sure these coins have seen massive dumps just like the rest of the market, but I do not think there's a road to recovery for them.

Trend like this is something we had seen in the past where trend or hot events do happen but asking about if it would last or sustain? No, there are no things that could really last forever.
What comes up must come down and this cant be called a market if we are just seeing upward movement or trend.About meme coins then its up to someone if neither they would buy or not
but for me then it isnt something worth for me to invest on specially now. Meme coins had already made out some significant impact when it whats shilled or hype out
and that starts with DOGE and we have seen clearly on how the market reacts which is a typical thing.

[nelson4lov]

I myself am really against the meme coin, because in my opinion meme coins like doge and shiba inu are just a joke coin that can rise due to temporary hype, not very suitable for long-term investment because it has no utility at all

Being in crypto has taught me something. Apart from Bitcoin, I don't care about what's right but making money from altcoins. I know strong altcoin projects with good architecture and community but they don't get the support and price increase that these shitcoins and meme coins get. Its sad but that's what I've come to realize about the market. If MEME coins are trending, I would rather profit off them and then move back to projects with strong fundamentals and Bitcoin. That's the best bet. Profit off the trend.

[Distinctin]

I myself am really against the meme coin, because in my opinion meme coins like doge and shiba inu are just a joke coin that can rise due to temporary hype, not very suitable for long-term investment because it has no utility at all

Being in crypto has taught me something. Apart from Bitcoin, I don't care about what's right but making money from altcoins. I know strong altcoin projects with good architecture and community but they don't get the support and price increase that these shitcoins and meme coins get. Its sad but that's what I've come to realize about the market. If MEME coins are trending, I would rather profit off them and then move back to projects with strong fundamentals and Bitcoin. That's the best bet. Profit off the trend.

We need to be practical if meme coins give us some market opportunities, why not ignore them? Like what happens to Doge and Shiba coin, they are more profitable compared to the Bitcoin during this time and people are riding into it. However, these coins can't be trusted to hold for long, it is best to sell them once they reach to its peak.
The majority will speak that meme coins are shitcoins but at least we get benefits from them before they become totally a dead coin.

[carrigan]

Currently, there are many memecoins and most of them are shitcoins.
We must be careful with this coin type although many public figures also promote and tweet about them. They may be able to make many profits for us, however, we can also lose a lot of money because of them, they are new and the volatility is exactly very high.
Additionally, we have been seeing how kind of this coin in the market, only based on hype. Not really good fundamentals are there.
I am also trading Shiba Inu and still stuck on the higher price. haha
I think I am not appropriate for this kind of coin trading.

[7788bitcoin]

Meme coins represent the ideal of shit coins. If earlier everyone complained that the market was oversaturated with junk coins, then in 2021 junk coins became a trend.
This is surprising, because someone manages to lose their money on these coins and become disillusioned with the cryptocurrency, believing that this is just speculative roulette.

You think that Elon Musk lost his money in the cryptocurrency market and then he wanted to change the narrative by shilling about Dogecoin, which is highly unlikely and i will not call them junk either as there are many junk coins in the market that does not make any sense and Doge is used in multiple casino and it is not a bad thing either for a junk coin  .

[gundala]

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Scam or not scam meme tokens, if it has 10x, 20x founders will be rich. It is main reason they create meme projects.

basically crypto memes are made to bring in quick profits with the support of the community or influencers who create hype. it is not effective enough in the long term. call it hit and run. is this dangerous or not? what is clear is that the risk is high, if we are late in entering or leaving our funds will be threatened.
understand the risks before engaging in any trend.

[eaLiTy]

meme coin is very easy to manipulate and all the price depends on the developer so it's unfair because it can be proven to be used for something the OP mentioned, so I think we should avoid tokens like that so it won't cost you in the future.

When the price of Dogecoin rallied everyone wants to take that opportunity and run their own version of the coin and now i lost count about the number of projects in existence aiming at luring the investors promising that i could be the next hype train that could rally and there are some similar coins that made a huge rallies but no one can assure you that the new meme coins will survive.

[Oxen_Project]

Meme coins are fun, but you should never put serious money on them. Its fun to throw a bit of money at them but your heaviest bags should be backing projects that build real products.

[Helpme_please]

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Scam or not scam meme tokens, if it has 10x, 20x founders will be rich. It is main reason they create meme projects.

basically crypto memes are made to bring in quick profits with the support of the community or influencers who create hype. it is not effective enough in the long term. call it hit and run. is this dangerous or not? what is clear is that the risk is high, if we are late in entering or leaving our funds will be threatened.
understand the risks before engaging in any trend.

it is speculative assets in crypto market, suitable for traders that want to earn huge profits in only short term. Most of MEME coins have their own influencer to attract new buyer in market and create hype, without utility we should avoid this project or we will rekted if come lately in market. only early buyer that could take huge profits, meanwhile other got rekted.

[Lubang Bawah]

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

Yes this is a trend that is predicted to not last long, what we can do is get maximum profit because we don't know if next year we can see meme coin in the market or not.

[Sithara007]

Here in India, there was not much media coverage about the $1 billion donation from Vitalik Buterin. On the other hand, when the cricket player Pat Cummins donated $30,000 for COVID relief in India, the newspapers covered it in the front page. I was really disappointed with this. Even now, 99% of the Indians don't know that Vitalik made such a huge donation in the form of SHIBA INU. And some people even managed to criticize him, claiming that he is just trying to dump the useless tokens that he received. Contrary to their expectations, SHIBA held on to its price.

[xmonkeyx]

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

Coin meme holders like to bet big, they take a lot of risks for big profits. there is no safe point, they only have 2 possibilities i.e. get big profits or vice versa receive big losses too. I think that's very fair. risking everything to seize the possibility of making big profits.
Although currently meme coin continues to experience a very drastic decline, it is not comparable to the increase that occurred at Doge a while ago.
this is what other meme coin holders like doge coin are hoping for a while back.

[kaseygriffin]

Here in India, there was not much media coverage about the $1 billion donation from Vitalik Buterin. On the other hand, when the cricket player Pat Cummins donated $30,000 for COVID relief in India, the newspapers covered it in the front page. I was really disappointed with this. Even now, 99% of the Indians don't know that Vitalik made such a huge donation in the form of SHIBA INU. And some people even managed to criticize him, claiming that he is just trying to dump the useless tokens that he received. Contrary to their expectations, SHIBA held on to its price.

Vitalik's act like that, I find it to be a humane and meaningful act. And for them making people's lives better is more important than money, money can be an important tool in life, but it is not necessarily the only one. As for meme coin trends, I see bullshit, but it's okay if it has the ability to bring other positive values, I think it's not a big deal.

[SirLancelot]

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

All these meme coins are just jokes for real, the way they are easily pumped and dumped is something else.They all went up very high, and then all of a sudden they crashed , and to make it worst they crashed more than other coins like Bitcoin. Imagine someone that held their coin throughout the bearish times of these meme coins. I saw a lot of people complaining of what they have lost due to the meme coins crashing.

And it just happened instantly and resulted to a lot of loss. Investing in them is something you will have to do to your own risk, and you also have to understand that you’re taking risk in doing it, so you have to thread carefully. If you’re lucky, there is every amount of possibility that you will make huge profit at the right time, and if not, then it’s going to be some serious loss.