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Author Topic: Would you like to trading with meme coins??  (Read 824 times)
Mehedi72 (OP)
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December 03, 2021, 05:24:53 PM
 #1

People always select good altcoins for trading which could raise up and make them profitable. Some may like to trade with meme coins to earn quick money. which might help them to change their future & fulfil their come dream true over night or might be result lost everything after go down those meme coins unexpectly and never come back. Have you even trade with meme coins or Would you like to trading with meme coins??

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December 03, 2021, 05:56:52 PM
 #2

Yes I use some time meme coin for trading because in meme coin profit and risk is too much so I take risk with small amount meme coin always full with risk so I recommend never invest more portfolio in this

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December 03, 2021, 06:11:58 PM
 #3

Unexpectedly, I've certainly traded using meme coins. Well maybe because the hype is enough to make the market crowded with things that always appear with meme coins. It's possible that I also experienced how trading meme coins is actually not a good idea for our portfolio. To eliminate curiosity, of course, I did it and like most people, the most common thing is that we can buy meme coins but not necessarily sell them, aka shitcoin scam. especially on the Binance Smart Chain network which is only available on PancakeSwap and Poocoin.

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December 03, 2021, 08:20:56 PM
 #4

People always select good altcoins for trading which could raise up and make them profitable. Some may like to trade with meme coins to earn quick money. which might help them to change their future & fulfil their come dream true over night or might be result lost everything after go down those meme coins unexpectly and never come back. Have you even trade with meme coins or Would you like to trading with meme coins??
Trade with caution as always whether you are dealing with Meme coins or not because everything on this market isnt an assurance for you to make profits thats why you should really be that wise and chosy when it comes on selecting those coins because we are risking our money on here

which means that you should mind on every steps you do make or else it would really surely cost you money.

Meme coins is really driven off with hype which it is really up to you whether you could deal with that or not.

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December 03, 2021, 09:26:07 PM
 #5

People always select good altcoins for trading which could raise up and make them profitable. Some may like to trade with meme coins to earn quick money. which might help them to change their future & fulfil their come dream true over night or might be result lost everything after go down those meme coins unexpectly and never come back. Have you even trade with meme coins or Would you like to trading with meme coins??
As I always said, there is no easy/quick scheme in trading, even you use hot coins. It seems we need to keep thinking that it could be hard and so I need to do it wisely and must be near perfections. And that also matters the choice of coins to trade. Meme coins are not a wise choice for me, yes, we could still make some profit from them but can't deny that their time is almost in the end after seeing declines in most of these coins. Only Shiba and Doge have only the name after showing a huge pump and only these coins have the potentials. Well, choosing them is a good choice but I can't imagine taking them as I didn't have strong beliefs about these coins. I'd still be choosing those coins that have a high volatility rate.
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December 03, 2021, 11:59:39 PM
 #6

That's the risk of a hyped coin, anytime soon it will drop without any sign of when it will be or when the exact time frame.  
Not like with the coin that has real investors because of its use.  Meme coins are very risky to trade if you are doing this make sure that you have applied the cut loss (stop-loss) when the price goes down.

A trading plan is also very important for you to avoid being confused or it becomes misled which will result in massive loss.  IMO, meme coin isn't good for long-term trading, it might be good in the short term but you must be careful.
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December 04, 2021, 02:49:09 AM
 #7

Trading meme coins is purely momentum driven. When there is strong demand such as Musk pumping doge then you gotta get in quick and when you notice the hype ending then you need to get out quick.

Doge isn’t the only meme coin. There are stocks also like GME and AMC which aren’t meme but they pumped like crazy during those wallstreetbets days and now they are heading downwards because the hype has died off. SHIB is also another one which was hyped like crazy in the past and now it looks like the trend is downwards. Will most likely lose 99% of its value from ATH.
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December 04, 2021, 04:21:34 AM
 #8

Traded Shiba Inu before but I already stopped it. Once you see a profit, take it. If you want to go back, be sure you are at the right time that is cheaper than how much you paid the first time you purchased it.
It's fun trading meme coins like the one said above because you are dealing in millions of amounts but at the end of the day, your focus should be the profit in it and not just playing around with the coin.
If you don't like being busted in capital due to volatility be sure the meme coin you are trading is in good position using its history.

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December 04, 2021, 04:39:51 AM
 #9

People always select good altcoins for trading which could raise up and make them profitable. Some may like to trade with meme coins to earn quick money. which might help them to change their future & fulfil their come dream true over night or might be result lost everything after go down those meme coins unexpectly and never come back. Have you even trade with meme coins or Would you like to trading with meme coins??

Meme coins trading is a high risk high return trade, it could going up 50% in an hour and could crashe 50% in a hour, so it's trader choice.
Sometimes people trades this coin just to have fun with a little possesion of their portofolio to try their luck.
Me personally also did it with 2-5% of my portofolio to invest in early project of meme coins, sometimes it works sometimes it's not, but do not invest on a meme coins for a long run.
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December 04, 2021, 05:57:46 AM
 #10

For me meme coins is not good for trading especially when it come intraday since they're not showing good volatility when its not their right season.. It's skeptical that's why i personally preferred to buy dip when it comes memes coins and hold for long term until they make hypes again then dump because that's how these kind of coin works unlike other alts in the market wherein so volatile even it's not their season as long as the market is green as well.. That's why i can tell memes is different when it comes trading..

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December 04, 2021, 07:18:10 AM
 #11

Memecoins like DOGE and SHIB can buy fun as hell to trade at the right moments like when they're at peak volatility — especially those times when these coins are having their rounds on social media. Most of the time, it's going to be pretty easy to counter-trade the masses.

With that said, I definitely wouldn't hold these for more than 3 days.

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December 04, 2021, 08:30:46 AM
 #12

To be honest, there is absolutely no trust in such coins. It is trite to understand that this will not lead to anything good. And the price can either skyrocket or fall quickly.
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December 04, 2021, 09:09:53 AM
 #13

... Some may like to trade with meme coins to earn quick money.
An approach to trading like this often ends disastrously for a trader. A fact is that the lure of "Quick money" will be the downfall of any trader if he or she is not careful. As a trader, seek to develop a steady and growing income from your trading activities rather than jumping into quick money, that way, it will only get better for you.

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December 04, 2021, 09:22:11 AM
 #14

I do like trading them if there's a hype because for me it's easier to go along with the hype and stuff rather than to doing technical analysis and we know that most of the time TA doesn't work on meme coins since they are really volatile depends on the community hype but if it is something like big market capacity coins a TA is really powerful tool to trade with it.

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December 04, 2021, 10:02:12 AM
 #15

There is no difference in trading a meme coin. Rather it is more in profit especially when the market is beginning to pick up after correction. For example with the correction market now that almost all crypto is in red, so making an order now is profitable and cheaper. Bitcoin price dropped to $47k and meme coins have dropped to many zeros so going for them now is the best a trader can get.
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December 04, 2021, 10:44:47 AM
 #16

People always select good altcoins for trading which could raise up and make them profitable. Some may like to trade with meme coins to earn quick money. which might help them to change their future & fulfil their come dream true over night or might be result lost everything after go down those meme coins unexpectly and never come back. Have you even trade with meme coins or Would you like to trading with meme coins??
It is that traders choose the coins that they want to trade and they're confident of exchanging it. Profitable is always a reason why we're choosing a coin to trade.

We might hold it temporarily and wait until it goes on high.

What's good on it is that we're just waiting until increases on its price. So for a trader, whether a meme coin or not as long as he knows he can profit from it, that's what matters most.

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December 04, 2021, 11:53:04 AM
 #17

Seriously I also like trading meme coins but due to high risk associated with it I always invest just little amount, I always invest any amount I believe even if I lose it it won't really affect me. Meme coins can easily change your life for good l, it can turn you to millionaire overnight but my advice is that if you are trading meme coins don't invest any amount that will affect you when you lose it.

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dothebeats
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December 04, 2021, 12:51:05 PM
 #18

If the volume and liquidity is good, I would certainly try my luck at it. But regularly, it would be bad for my profits as meme coins are notoriously known to be hype coins that doesn't have the ability to retain value over time. So while the hype is still there, trade it until the attention over said coin has died out. Then again, these coins are only few and far in between, and you can't really get some trading knowledge out of it since it's a one time, big time thing.

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cheezcarls
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December 04, 2021, 01:08:25 PM
 #19

I can say that you can make profit with meme coin only if you are on high alert with the chart movement and got lucky when it pumped all of a sudden. However, it’s still very risky than investing on long term coins and tokens in the market. I had no luck in trading meme coins, as 99.9% of them are at a loss lol.
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December 04, 2021, 02:12:17 PM
 #20

People always select good altcoins for trading which could raise up and make them profitable. Some may like to trade with meme coins to earn quick money. which might help them to change their future & fulfil their come dream true over night or might be result lost everything after go down those meme coins unexpectly and never come back. Have you even trade with meme coins or Would you like to trading with meme coins??

Trading meme coins is a high risk high reward trading, it's okay as long as you know what to do. Meme coin is so easy to be manipulated unlike the other big coins, so it's important that you always monitor the market movement so you'll never miss the opportunity to make profits. But of course since it could be easily manipulated, you have to put stop loss in every trade to avoid further losses as much as possible.

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