Be careful with new meme coins

[JangoUnchained]

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

[Princeofpoetry]

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

[pakhitheboss]

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.

[Darker45]

better learn first how meme coins work. or choose an existing meme coin. it's much better to avoid fake meme coins

I'm amused by this post.

I guess there is not much to learn about meme coins really. How a meme coin works actually doesn't matter at all. By the mere fact that a coin is called a meme coin, it is already an outright admission that it is a coin made for fun. In other words, it is a joke coin. It shouldn't be taken seriously in the first place. So there is really no point comparing an original meme coin from a fake meme coin. Is there even such a thing?

Well, the crypto market is still highly a wild wild west territory. People are literally investing money in jokes.

[tranthidung]

Fans of meme coins should read this article Will meme coins keep going to the Moon?

With my experience in crypto market, I am not a fan of any coin. When I see good entry, and good risk/reward ratio, I join and I will exit when I feel enough. None of thousands of coins on the market can help you get profit all times. Profit or loss, it depends on your entry and exit price and the times you make such.

Look at the chart for Bitcoin profitable days. it does not mean all Bitcoin investors opened and closed their investments with profit.

[cryptoaddictchie]

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 had one meme coin and its called kishu Inu. You are right these meme coins that are being spawn on the market are probably a dangerous one but we don't know those new coins will turn out. Not a good long term investment but if we try for few bucks who knows right? It could also be a good fortune later or not.

[Jawhead999]

It's not only about new meme coins, but it's for all coins include Bitcoin too.
Bitcoin is the real one while BCH, BSV, Bitcoin Gold, etc etc were just a fork/copied Bitcoin. Forked coins are only created for money to make the developer rich, because most of people thought the forked one is cheap and able to successful like the main coin. That's why people buy fork or scam coins, less people would earn profit but most of them were loss.

[Luffygroove]

Absolutely right. Along with the rising popularity of meme coins, there are many projects who speculate their fate to do the same. Meanwhile, there are some criminals who want to take profits too by scamming unfortunate people with meme coin modus. As newbies, we need to keep alert and not take a rash decision by following the hype or others' said. It's better to choose a long-term project with strong fundamentals. Even though it's not a quick profit, but at least it's safer (Although there's no guarantee).

[mk4]

More like, better with cryptocurrencies in general lol. Meme coin or not, even if a certain crypto project is trying to be a "serious" project, you're likely to get fourth-degree burns if you don't know what you're doing.

[Fullcoinese]

meme coin is hype coin and nothing more.
If I am not mistaken the founder of Ethereum was given a coin "SHIBA INU" and not long after that sold the coin and donated it to the handling of Covid-19 in India. My assumption is that Vitalik doesn't need meme coins "Maybe"  
but what is clear is that everyone has their own choice. a little advice if you are a Trader meme coin then you must know when to enter and when to exit.

be careful = https://imgur.com/a/jFv5hBq

good luck.

[BlackHatCoiner]

I think that saying to be careful with new meme coins is like telling us to be careful before we enter something that will corrupt. Don't enter in the first place. This quote says it all;

The higher the risk, the higher the reward.

Lots of people have read it, but they only focus on the latter. It's the higher f*ckin' risk. When you're buying meme coins you essentially buy a position of the pyramid. Whoever takes meme coins seriously should firstly understand what's a meme and why they're named “meme coins”.

[traderethereum]

Meme coins still trying to attract investors to invest in their project, but the trend is almost finished or has already ended.
We do not have to invest in meme coins instead search for the other coins which have a chance to increase and I think if we invest in the coin in the CMC or Coingecko, that will be enough for us to be our investment.
Maybe in the future, meme coins can become a new trend like before but with some changes and offers the other benefit but we do not know if meme coins can come back and give much profit again or it will not have a chance to back.
DYOR will be the best thing that we can do to prevent the scam project and avoid the coin that does not have a bright future.

[JeffBrad12]

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,

Profit was nothing and they will not care about that. The problem is so many newbies have no knowledge about this even when the scammers who created fake token was rugpulling them and they are still saying that if they are fine. Those newbies are pathetic. Im saying about the reality that happened in the market. So many scammers these days were using the smartcontract destruction method. Meme tokens were just scam tokens.

they are just copying the likes of shiba inu and few others

Meme tokens have no motivation to create a new innovation because this tokens were only money grabbers tokens. There's no reason to buy this scam token anymore. So many newbies got various awareness but they are still don't care. This awareness thread maybe useless for newbies who didn't care about that.

[Ararbermas]

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

well even not a copy paste meme coin because its common in the space and probably everyone can easily determine which is the real one by visiting CMC or CoinGecko. And you know you should be aware as well what always happen to such project in the market, because if you expect too much in it there's a chance of massive losses as they're known for hype only so be careful even it's not a fake meme coin. For me much better to rely to some trusted projects to assure your capital is very safe and there's a good return after all.

[budi691]

Nowadays a lot of coin memes are created to compete with the coin memes that are already popular, and many people are stuck with fake coin memes that have no clear motivation, they just want to make a quick profit and then leave,
but the meme coin trend will become more popular if real meme coins are made not just for jokes.

[tarable]

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

While learning and willing to try it with a little money is a very good thing even if the choice is a meme coin, because then they will also feel and learn it continuously for every thing they need when carrying out their investment.

[Teknisi88]

Crypto Meme assets have emerged, after Dogecoin (Doge) skyrocketed earlier this year. Meme with the largest market capitalization is Dogecoin (Doge), Shiba Inu (Shib), and Dogelon Mars (Elon). In terms of technology, the like coins are already there, similar to these crypto assets.
It's best to follow the waves anchored, and not fight the current, if the retail has moved in the current, it is better to keep following the current.

[dothebeats]

There are tons of meme coin circulating around the market right now, and some of them are honestly doing good in terms of marketing and spreading the word. What I don’t like, though is how these meme coins which have no actual value or any use case, are getting the most attention compared to other coins that have the potential to make it big because of their features and not because of their solid marketing strategy. Many people will be burned for sure, then again if they already did their own research, there’s nothing we can do about it.

[iv4n]

Be careful with all new coins! Meme coins, DeFi, NFT... and there are good projects from each of them that got their success, but that success is often followed by scammers, they try to copy/paste what is popular and to scam people, especially newcomers!
It's tricky even for experienced people to spot a scam, for inexperienced even harder! So be careful with new projects all the time!

[ardydyon]

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 indeed very interesting if you look at the crazy profits they make.
but not all meme coins can offer crazy profits like those minted by shiba inu dna doge.
be careful when buying meme coins, there are so many meme coins that pump with pseudo-increases.
and not a few coin meme scams / ponzi.
instead of buying meme coins, you should be beginners in the crypto world to buy coins that are included in the top 10 rankings on coinmarketcap.
because the coin already has a clear project and a large market cap.