Investors desire on meme coins are insane

[Bitbtc8]

First to ask you; did you take the profits, or you are still in those memecoins? I am asking because unrealized profits are not profits at all, and many fail at that part. I had the same issue couple of years ago, I simply didn't know when to exit shitcoin and take the profit, so I stopped with that practice.

I don't check the price chart, but so far only DOGE comes close to outperform BTC/ETH.

If we are looking at last ~12 months or so, DOGE oupterfomed both BTC and ETH, but I think that will last only until bear market. Once we hit that, I expect it go below, as in  last few months DOGE lost 50% value compared to BTC and that trend will probably continue.

Profits secured mate, I knew how risky these meme coins are so I'm never in for a long time, just want to make some money off them while the hype is still up and running, I believe meme coins have find a home in crypto space already so doge coin and shiba probably will survive for a very long time to come but I'm not betting on this still I took profits

[kanayaTabitha]

I believe meme coins have find a home in crypto space already so doge coin and shiba probably will survive for a very long time to come but I'm not betting on this still I took profits

Doge and shiba is 2 of 1millions meme coins that launched everyday, the chance of becoming those 2 coins is less than 0.1% but the investors still buy it because the media blow these things up too much.
"If you have invest 100 USD months before, your investment will worth 2 mils USD by today" said by the media promoting shiba inu, and people who are aiming for quick profits keeps investing on it, that's why the price is keep increasing though it's not make sense anymore.
So it's so dangerous investing on meme coins, or just invest small amount of investment that you can afford to lose.

[xmonkeyx]

This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?

if you succeed in meme coins, you will certainly get a lot of benefits like what has happened to doge coins and Shiba coins, but behind it all there are many risks to be faced. I think it's very comparable, I myself really like gambling in meme coins expecting huge profits.

[HashingTower]

I believe meme coins have find a home in crypto space already so doge coin and shiba probably will survive for a very long time to come but I'm not betting on this still I took profits

Doge and shiba is 2 of 1millions meme coins that launched everyday, the chance of becoming those 2 coins is less than 0.1% but the investors still buy it because the media blow these things up too much.
"If you have invest 100 USD months before, your investment will worth 2 mils USD by today" said by the media promoting shiba inu, and people who are aiming for quick profits keeps investing on it, that's why the price is keep increasing though it's not make sense anymore.
So it's so dangerous investing on meme coins, or just invest small amount of investment that you can afford to lose.

That's not why shiba price keeps increasing, don't just judge out of the fact that Shiba starts as a meme coin, it's more than you ever dream of, shiba has a swap now, shiba gaming is coming, shiba metaverse is coming, NFTs are out already, what the hell are you thinking? Shiba is a better doge period, dyor

[mindrust]

No it is not. People like memes and so they also like meme coins. It is just a reflection of what they like. The best meme wins. If a project can't produce good memes, it is bound to fail. Nobody gives af about the project or monetary policy or bla bla bla. Does it have a good meme potential? Then bring it on. I'll buy with three hands.

[fullhdpixel]

This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

You may be right or not but if you share how you start and how you have chosen those meme coins would be helpful to understand your performance better. Just sharing that you have made massive profits is not something this community expect from an old member. But, this community expects some of your guidelines on what and how some of your ideas worked for you to make money so that people will follow and may copy similar profits.

If you are taking about shibu inc then please tell us how you decided to go with it by ignoring dogecoins. I hold dogecoins hence I showed no interest to shibu.

[Fivestar4everMVP]

This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?

Meme coins are sure a good way to make some quick profits, but do not forget its a gamble, for they are also a great way to loose money through any wrong move....
I personally have never invested in a meme coin, neither do I plan to ever do so, they are highly risky and I see no reason putting my money on something that brings no real value to crypto and the society.
My advice is, if it works for you, do your best to trade with extreme caution, don't go buying every meme coin on the market thinking it will bring the same effect as the previous ones, if you do this, you might just end up making money on one meme coin and loose the same money or even more on another meme coin... Meme coins are gamble... Do not forget this.

[dbc23]

It's a risky venture. But it's reward is amazing. Meme coin just came from the hide-out and kept so many in shock.  But my fear is that it's similar to gambling very risky and unpredictable. Meme coins has been one of the key coins in my portfolio but I trade with so much caution. One thing I always avoid when it comes to meme coin is greed. I keep my investment minimal to avoid heart break

[Argoo]

This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?

Investing money in meme coins is a big risk. It's like playing roulette. We do not know when these meme coins can lose almost all of their value in one day. Today you are lucky, and tomorrow you can lose all the money invested in them. I don’t like to risk it this way. Meme coins are now being promoted by influencers, but their price will still drop to a minimum someday. I have no desire to be constantly nervous about such a possible fall.

[izsara]

it depends on how you can see the momentum and indeed need speed and alertness for this because if it is wrong instead of profit you will receive the opposite.
on the other hand I think for now the meme coin hype still applies, especially for shiba and indeed according to what you say even he can crawl up and match btc.
but keep in mind it's only short term. not long term and indeed this coin is also intended for the short term so I think it is suitable but for the long term it is still too far for that

[mindrust]

It's a risky venture. But it's reward is amazing. Meme coin just came from the hide-out and kept so many in shock.  But my fear is that it's similar to gambling very risky and unpredictable. Meme coins has been one of the key coins in my portfolio but I trade with so much caution

Meme coins are the most productive assets of the last 6 months or more probably. I think the SEC should declare memes commodities because we simply cannot live without them. If you rice is a commodity, why can't memes be one?

I wonder which hedge funds are buying these assets now. These markets are not moving by the average Joe. This is institutional money. My guess is JP Morgan (Jamie Dimon) buying every meme he can get his hands on.

[timerland]

Got some pretty good profits on Doge.

But at the end of the day I recognize that it was pure luck. Nothing else to be said.

The rise of the conception of crypto as easy money has largely come from NFTs and meme coins and I don't think that it is necessarily a good thing - in fact quite the opposite. We need real innovation, not this stuff.

[Questat]

I'd never think that was insane but obviously, they are just riding on the hypes and making a profit for their short stay. In fact, many investors are doing this, they are called short-term investors and this is mostly what they are doing and it is a risky decision yet profitable.
Early investors had made a huge profit of 1000%, that is something more insane, right? Well, they are happy with the result and you just found yourself being late.

[Gayong88]

Congratulations, the value of your investment has increased, but be careful not all meme coins can be bought, my advice is to buy enough and be prepared to lose because anything can happen to meme coins. it means that the meme coin is what matters to the community, the more solid it is, the more powerful it is.

[livingfree]

You know how dangerous they are yet you still made a lot of money from it.

It is risky cause these sort of coins are more or less pump and dump coins, and the thing with them is that you should only hodl them for the short term, I absolutely do not doubt what OP is saying, as quite a lot of people have made huge sums of money from "lottery" coins such as this, but many more people have lost all their investments to it, if you buy it at the wrong time, especially when others have started dumping it, then you'd be left with a useless coin that's prolly never going to rise again. If you're a short term investor then these sort of projects aren't actually a bad idea, so long as you know how to handle them (when to buy and sell).

Yes, they're not really for long term.

So those that have been holding them, they only have to hold them for short term because you'll be holding them just for the profits as soon as you see them.

And if you hold them longer, you might even get more lose instead.

[DOH!]

What is worrying is that financial education about digital assets is something that is not clear to new investors.  I call it the younger investor.  Some young people I know in the US mostly like to invest in Shiba, Doge.  I don't think they have a hedging approach to it.  Over-inflating on the Doge and Shiba will also be responsible when the Shiba stand is deflected or free-falling.  What the meme achieves and impacts the market and catalyzes many investors into the crypto space, but the consequences will be

[tvplus006]

This is a natural desire of a beginner who dreams of buying a million coins for a few dollars and waiting for the price to reach one dollar. The same one who has figured out how the cryptocurrency market works will not engage in buying cheap coins, because he already has such coins that are still worthless after years.

[Kelvinid]

This is probably what many don't want to hear right now but I'm just trying to share what I've achieved so far since the last three months, I'm made more money from meme coins than every other bigger coins I have in my portfolio, not even BTC and ETH where able to give me that much insane profits in a short term, since I've been here on this forum I've never seen my portfolio surging high like this, meme coins are dangerous but their rewards are insane

Not a financial advice, what have your own experience been like with meme coins?

I couldn't just put the blame and never think that they are wrong as I strongly believe that they have thought it many times before placing a buy order. Maybe some are invested the wrong coins but some did it right, and looks, some are getting rich for a short period of time due to the price surge. If they got it at a cheaper price, they'll talk you back that you are wrong and they are right.

It is a matter of choice because even choosing Bitcoin can't just say that they will gain profit as it possible they even mismanage it and sell them during the market crash. It can be just insane if we do nothing but I guess not, and we have the reason of choosing meme coins over the others.

[Vaskiy]

Few of the meme coins have grown good over time. Just think of the rest of the meme coins. Shiba was almost valueless and suddenly it had a big pump and the hype is kept alive by few. This made the trading volume. If not this could've turned to be a coin where there'll be growth but unable to trade. It is possible to see lots and lots of similar projects with big hypes snd and trading in thousands. So, meme coins are like gamble. You need to be lucky, if not you won't be rewarded.

[Pelana vreo]

I currently have some meme coins on the solana network, if you look at the SOMA coin, the price is increasing very fast. I only trade on dex exchanges like Dexlab, but never hold meme coins for too long because it's very risky.
other meme coins like Dogefootball cost me quite a bit of money because until now there is no latest information on project developments and investors sell quickly to avoid big losses