Be careful with new meme coins

[dimonstration]

Be careful in every coin, meme coin can be beneficial nw due to hype but once it’s over it will just be like other altcoins who loses their value. Its good to take advantage some popular meme coin for short term but not to the point of holding, doge might be a good long term investment to those who bought before but it may not be in others meme coin or even in any coins. There is a need to monitor all coins we hold and eyeing to buy.

[Sanitough]

Be careful in every coin, meme coin can be beneficial nw due to hype but once it’s over it will just be like other altcoins who loses their value. Its good to take advantage some popular meme coin for short term but not to the point of holding, doge might be a good long term investment to those who bought before but it may not be in others meme coin or even in any coins. There is a need to monitor all coins we hold and eyeing to buy.

If you can ride with the hype, meme coins would be profitable for short term. And sell them once the hype is over because for sure the price will just drop down suddenly, and worst it may not recover again. So its always best if we can be more careful when it comes to meme coins.

However, if you don't like the idea of investing into meme coins, then focus on solid coins like ethereum and bitcoin. They may be affected with price corrections but never will their value go to zero. That's the big advantage if you can have them in your portfolio.

[jaberwock]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

I don’t even have any single meme coin on my portfolio, not even Dogecoin itself, not to talk of SHIB. I just don’t like the idea of meme coins, although Dogecoin and SHIB seems to be doing really fine and SHIB has been increasing in value and even got added to Coinbase. But, other ones I have been seeing are really discouraging, and so far I think SHIB has seemed to be the better one right nowand it has been increasing in value steady.

I have seen a lot of others and from their names you can tell that they are just copycats and some really unserious projects that are heading nowhere at all.

[SquallLeonhart]

If you can ride with the hype, meme coins would be profitable for short term. And sell them once the hype is over because for sure the price will just drop down suddenly, and worst it may not recover again. So its always best if we can be more careful when it comes to meme coins.

However, if you don't like the idea of investing into meme coins, then focus on solid coins like ethereum and bitcoin. They may be affected with price corrections but never will their value go to zero. That's the big advantage if you can have them in your portfolio.

That is the risk that people are taking right now and I do not get why they are taking that risk. If you ride the hype and make a good profit in the short term then it is great for you, kudos. However if you end up losing, then what is going to happen? What could you do when the price crashes so low that it never recovers again? This is why I suggest that people should be staying away from memecoins because you could make a profit in the short term but there is a risk of losing money long term.

If you are right about the price at the early period, then you are going to be good but if you fail that, then you are screwed and we are not talking about just losing 10% here, we are talking about a big crash potential.

[Johnyz]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

Meme coins are still moving until now and many new projects are into this market now, newbies should not invest right away because its too risky and they have to analyze it first since meme tokens are just a hype tokens without its purpose. This is a warning for everyone not just for a newbies, meme tokens are still coming in to scam many people.

[Orange89]

Yes that's correct meme coin always try to work on the mechanism of burning the token first they invest in their project then they burn it yes you are correct newbie shouldn't be invest in the project they personally don't know , ALWAYS REMEMBER THESE THING CRYPTO IS REALLY VOLATILE MARKET so INVEST what you afford to lose, no doubt some meme coin can you very good return but you should remember it should not be for long term

[adzino]

Anyone that invests in a meme coin with the hope of getting rich overnight actually deserves to lose everything. They knew the risks, they still did it. You know its a meme coin as soon as you read the name. There are hundreds of those shitcoins (aka meme coins) now popping up. They get pumped up, people start joining and then the token gets dumped. A new one emerges and the cycle follows. And like you said, right now they are using the "coin burn" hype to grab peoples attention. Those meme coins issue 1 billion coins and then they start burning to bring down the supply to 500 million. Why not just start with 500 million tokens?

[Bitbtc8]

I invested money only in shiba inu because of the plans ahead of the project, if alt season starts between now and December these coin can reach a new ATH but it's always better to get into meme coins when they are very new and invest only what you can afford to lose

[Bitbtc8]

Anyone that invests in a meme coin with the hope of getting rich overnight actually deserves to lose everything. They knew the risks, they still did it. You know its a meme coin as soon as you read the name. There are hundreds of those shitcoins (aka meme coins) now popping up. They get pumped up, people start joining and then the token gets dumped. A new one emerges and the cycle follows. And like you said, right now they are using the "coin burn" hype to grab peoples attention. Those meme coins issue 1 billion coins and then they start burning to bring down the supply to 500 million. Why not just start with 500 million tokens?

You are right but hypes sometimes brings good money, those who wants to hold will end up losing out, when it comes to coins like meme coins know when to get in and know when to get out, if Dogecoin can still maintain 0.25$ at this rate then good meme coins can do near same

[susuberuang]

In my opinion, beginners should be more careful in choosing meme coins to invest, because not all meme coins have good prospects, so it's a good idea before investing to study each coin to be purchased, both from technology and market capitalization.

If they or beginners who don't understand how it is investing and also don't know all the coins very well, then it's better not to choose anything before they study everything regularly, because that is also to avoid them from a very big risk when they have chosen something in cryptocurrency

[fuguebtc]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

Taking advantage of the market hype, a lot of fake projects have been created to scam new users. Not only meme coin, defi, nft fake projects are also created every day. Be careful with new projects, research and analysis before investing. Or we can ignore them instead focus on the top CMC coins, they still have the potential to generate big profits for you.

[camat gampong]

I invested money only in shiba inu because of the plans ahead of the project, if alt season starts between now and December these coin can reach a new ATH but it's always better to get into meme coins when they are very new and invest only what you can afford to lose

For meme coins there will always be a greater risk than the potential increase, because if the coin can be pumped very large, then there is always the possibility of being dumped in a very large size and the late entry will always lose with the dump.

[coin-investor]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

I'm not investing in this meme coin their time is almost up they are just hype, a pump and dump duplicate of Dogecoin, it started because of the pumped of Dogecoin, Dogecoin will be out in the top 10, they dropped from the 5th place to tenth place and I expect it to go down further until they go back to their old price, investors should look for a coin with real value, not because one whale is behind it.

[worle1bm]

Yeah. I think beginners shouldn't invest in new meme coins. better learn first how meme coins work. or choose an existing meme coin. it's much better to avoid fake meme coins

What OP is trying to say is to be cautious and DYOR. It is a common practice in the crypto sphere whenever a project pumps then a lot of fake or copy projects come into existence. Not all are bad but some are meant only to scam new users. Therefore be cautious when investing in such
projects.

There are lot of fake projects in the market and they tend to make victims in newbie form like the coin will offer high bonuses to the holders and they can stake it and then burn the supply to increase the price but in reality they don't have any usage so what's the fun of holding these coins when you can't use them or very less liquidity? So be careful in holding them as once crashed they will not be able to recover because once whales pump them they cash out the profits and the one's facing losses are the small investors.So stay away from them.

[mindrust]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

People said the same thing for Shiba Inu and now those who didn't listen to people like you are now driving their lambos and flying their jets. Shiba Inu (son of Doge) is setting a new standard for the meme coins. Don't be jealous. There will be other meme coins as well. You just can't stop the meme factory. Nobody can. It is out of the bottle now.

[tarable]

You are right but hypes sometimes brings good money, those who wants to hold will end up losing out, when it comes to coins like meme coins know when to get in and know when to get out, if Dogecoin can still maintain 0.25$ at this rate then good meme coins can do near same

The hype always happens in a very short duration of time, so if someone doesn't want to take advantage of that moment, then he will be hard to find a moment of almost the same hype next time, because if the target is meme coins, everyone has to get in early before hype happened to him.

[Wong Gendheng]

An investor must dare to take risks, cryptocurrencies are a type of risky investment so we must always be wise when investing in cryptocurrencies, it must be admitted that Meme is a trend that has made cryptocurrencies skyrocket to what it is today and meme coin investment is very good and profitable, I have proven it by investing $250 at the beginning of the year and earn more than $4500 profit by investing 5 meme coins.

[Judrob]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

My favorite altcoins are ETH, BNB, MATIC, LTC and this hidden gem PAYB, I don't know the reason why people keep not seeing this amazing altcoin. They’d rather waste their hard-earned money on these meme coins than invest it in a more established and promising project like Paybswap. They’re launching an innovative DEX, connecting Binance Smart Chain to Etehreum via super-hyped Polkadot ecosystem.

[yhiaali3]

Meme coins have become like a really big festival, every day new meme coins come out, they are all similar to each other and they are all jokes that have no real project, I think the main reason for the emergence of this large number of this type of coin is Elon Musk, after his adoption of Dogecoin and the crazy rise For its price and then the Shiba Inu coin, which also achieved great success, the mad race for meme coins began and a very large number appeared aiming to make a quick profit by exploiting the good publicity they got through Elon Musk.
In any case, some of these Memes have achieved great success and others are completely unsuccessful, so whoever wants to invest in this Memes has to do a lot of research and he should not risk a large amount.

[xmonkeyx]

Reflection, Burn and swap is very common in new meme coins nowadays, almost all new tokens are meme coin judging from new listed coins on coinmarketcap, I'm just trying to warn newbies who believed that they can still make insane profits from meme coins, I'm not saying it's impossible I'm just saying we have many fake meme coins out there now, they are just copying the likes of shiba inu and few others

interest in meme coins because of wanting to take huge profits, I think it is greed that will destroy a trader. but all possibilities can happen, of course if you want to buy meme coins, never expect more and have to be ready to accept all the risks, especially if you want to store it for a long time, it's very wrong.