Becareful with Meme Coins

[Capt00]

Some of these coins have garnered prominence as a result of celebrity endorsements, and retail investors have inflated their prices by extensively advertising them online. This is why, despite their fragile fundamentals, many coins have experienced tremendous growth.

Many investors sell quickly once their prices rise in order to earn a rapid profit.

Investing in meme currencies is extremely dangerous, and it resembles gambling more than actual investing. You might be able to make money if you buy and sell at the proper times. However, it's more likely that you'll lose all or most of your money.

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[Adbitco]

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

i actually many people don't know about some prospect of the coin before jumping into investment, probably they follows trending and news to make investment. if they truly know about the project they won't invest. during dump some meme's hardly survive the dip and will be very hard to recover.

[guyzitsme]

I think really very risky for those who even do not know basic of trading, this type of coins only run on hype in the market except it no any other factor to grow in this crypto world. But in other hand people who are experts in trading and scalping can get good profits from it but still they have also some risk. So in this case meme is most risky coins ever even than nfts, in this case better to avoid it.

[Retainly_Collie]

I think really very risky for those who even do not know basic of trading, this type of coins only run on hype in the market except it no any other factor to grow in this crypto world. But in other hand people who are experts in trading and scalping can get good profits from it but still they have also some risk. So in this case meme is most risky coins ever even than nfts, in this case better to avoid it.

There's no risk that I find it fair, it's like you don't need to work but still get your daily allowance. Basic knowledge to help reduce the risk and if they don't accept it, they will have to suffer the consequences.
As for the meme coin trend, I think it depends a lot on the market movements, but personally I am not a supporter of this trend because it brings too much shitcoin and negative beliefs to the market.

[wajik-tempe]

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.

But many experienced users also used meme coins as scalping tools to earning some profit from it. The difference is many newbie just all in into meme coins instead of divide the funds to the real projects first.

I'm sure those who bought the meme coins are not stupid to hold the coin buy they are just buy it for random speculation and hoping the pump is not over yet when they enter the game.
The stupid one is the one who "invest" on it, the one who trust the coin will growing a lot in the future and still holding them in a profit position.
But people who lost because of speculation, just take it as a lose while doing gamling

[bakasabo]

A few days ago Mimi Coin's condition was not good but the current situation is much better than before. Although there is no movement of doge coin, but we noticing about Shib token. Investor get much more from shib coin. The current position of Shib token much better. Moreover, I have seen a new coin, Goma which is one another coin by which holders get beyond their expectation.

Be careful with that altcoin. Goma Shibu creator is already involved in cheating bounty hunters and lying to bitcointalk community.

Their success is temporary. Just wait one or two months and its price will start a downtrend. If they have cheated once, nothing stops them from doing it again. I think that the best times of Goma Shibu already happened. The project is not extraordinary and dont offer anything unique. I bet that chances of price showing a major growth are low. Only quick pump and dump. But holders must be lucky not to miss that time frame.

[Kyraishi]

There is a ton of survivorship bias in this space.

People think that investing in memecoins are going to make them rich because they see the examples of Dogecoin, SHIB etc.

But for every memecoin that has 100x'd there are twice as much that have gone to the floor. Take a look at Monacoin, for instance.

[91254vvpatel]

Yes this is really true. And for new people who are new to this crypto. There is a special understanding for him. That if you invest in meme coin then your extra money should be invested in it. That's what I believe. Look, everyone knows DOGE. But there are a lot of memes coming up right now. And invest using your own intelligence. Start small. And go ahead and understand.

[smartaction]

Meme coins are in no way considered a valuable and trusted crypto. The purpose of making it is just to have fun with crypto. But the high price of Doge coins due to Elon Musk's post has increased the noise and attraction of people with meme coins. And countless meme coins have started coming into the market. here Most of project are fakes and scams. So we must be careful of these

[19Nov16]

Meme coins have been a trend for almost a year and the presence of Elon Musk made many Meme coins skyrocket, after DOGE now SHIB Inu has become a trend, this is a good opportunity to follow the trend and get profit but of course we must always be vigilant when investing in Meme Coins.

[Fredomago]

There is a ton of survivorship bias in this space.

People think that investing in memecoins are going to make them rich because they see the examples of Dogecoin, SHIB etc.

But for every memecoin that has 100x'd there are twice as much that have gone to the floor. Take a look at Monacoin, for instance.

Well, monacoin never really try to hard on the meme coin aspect so it fails to meet up the expectation and going down hill in term of price really have nothing to do with being meme coin. Though, I understand your points. Yes, there are many meme coins that will never be able to make it so people should really stop putting everything they have into meme coins. Only invest in meme coins if you're willing to lose that money.

The last part of your statement is true invest only to any meme coin if you are ready to risk and lose your money.If the timing was right then profits will be bank away from meme project but if you failed, the opposite will happen, it's tough to recover if the coin you choose don't have the big hypes behind.

Buying Meme coins is something that you are investing the same, like with gambling. The first thing is you already knew that Meme is just for riding and no real use case inside this market.

Use the amount that you are willing to let go and hold for luck to accompany your investment..

[guydin]

Meme coins have been a trend for almost a year and the presence of Elon Musk made many Meme coins skyrocket, after DOGE now SHIB Inu has become a trend, this is a good opportunity to follow the trend and get profit but of course we must always be vigilant when investing in Meme Coins.

Do you consider Shib Inu to be a new trend? I am not sure that it will be long, I think that its price was just pumped some days ago, and now as there are no other reasons for it to grow, it will slow down and decrease again. If you like risks, you can try this game with meme coins, but I would rather you invested in something that is not trendy now, but may become in the future.

[dunfida]

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.

But many experienced users also used meme coins as scalping tools to earning some profit from it. The difference is many newbie just all in into meme coins instead of divide the funds to the real projects first.

I'm sure those who bought the meme coins are not stupid to hold the coin buy they are just buy it for random speculation and hoping the pump is not over yet when they enter the game.
The stupid one is the one who "invest" on it, the one who trust the coin will growing a lot in the future and still holding them in a profit position.
But people who lost because of speculation, just take it as a lose while doing gamling

Its a bit true, that kind of investment is weird and unacceptable if u share it story with another investor. You would end up like a fools if doing "investment" on such meme coins.

You would find it too be weird for those who are really that keen on making out investment but for those risk takers then for sure they would really be seeing this as an opportunity to make money

no matter how some people do disapprove on investing with memecoins.It is actually risky but still a possible thing for you to engage for you to make profits but if you cant bare with

the risk then better to play less riskier which means you would need to stick out into those common top altcoins for you to invest on.

[dainoran]

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 is a joke. Also The meme projects are jokes. even most of them don't have any goals or roadmap.  I don't know why some people still trusting the meme projects. Avoid them, it's really not recommended to invest your money on meme coins as your Investment.

[letyouearn]

Meme coins are very volatile - that's their advantage. I would suggest you to gamble with them with a small amount of money. If you lost 100 USD - it's not a big disappointment for you. But if you got +500 USD after risking with this 100 USD - that looks great!

[wheelz1200]

Meme coins are very volatile - that's their advantage. I would suggest you to gamble with them with a small amount of money. If you lost 100 USD - it's not a big disappointment for you. But if you got +500 USD after risking with this 100 USD - that looks great!

Guess the amount isn't as much a problem as percentage of portfolio.  To one person $500 is nothing to lose where as others it is.  What people should follow is don't invest more than a minute portion of your stack in meme coins.  So if all you have only $200 to put in $100 is a lot.  In general steer clear most will get their money swiped and encourage "devs" to make more meme coins.

[martina14]

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

Sad to say that most of the meme coins here in cryptocurrency business got down when the price value of Bitcoin continue to increased in the market. Only few of the meme coins survive and one of these could be Dogecoin, Shiba Inu, Lovely and more something like that. That is why buying top of the altcoins is a good advise to follow compared to meme coins.

[gabbie2010]

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.

But many experienced users also used meme coins as scalping tools to earning some profit from it. The difference is many newbie just all in into meme coins instead of divide the funds to the real projects first.

It's a pity that it is always newbies that are always fall for investing in meme coins in a bid to get rich with the impression that the price will likely pump to 100X, 50X etc ,not minding the fact that those type of coins are pump and dump coin, whereas experienced traders who knows their onions will capitalized on the price while pumping and buy at low and sell at high quickly  form of scalping earning profits, research about those coins will save a lot of newbies investing in meme coins.

[OrangeII]

Meme coins are very volatile - that's their advantage. I would suggest you to gamble with them with a small amount of money. If you lost 100 USD - it's not a big disappointment for you. But if you got +500 USD after risking with this 100 USD - that looks great!

Guess the amount isn't as much a problem as percentage of portfolio.  To one person $500 is nothing to lose where as others it is.  What people should follow is don't invest more than a minute portion of your stack in meme coins.  So if all you have only $200 to put in $100 is a lot.  In general steer clear most will get their money swiped and encourage "devs" to make more meme coins.

in fact, there are currently a lot of "devs" who have created meme coins because of the popularity they have gained. After Dogecoin has reached its highest price, thinking about the advantages of owning and holding a meme coin in the long term has become bigger, it makes a lot of people want to buy a new meme coin, and the devs have provided just that. even more so if the current Shiba inu had also provided quite a bit of advantage for the restraint.
To be honest, I also suggest being careful, but if you want to invest in meme coin, you shouldn't focus on it, just buy it and forget it for a few years in your wallet.

[Evgenklm]

If we take into account Shib inu, then I do not think that this is a bad investment, now the volumes of trading reach astronomical amounts for this coin, the token is quoted on all top exchanges.Now, of course, I would not advise you to come in, but in the long term, why not.