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Author Topic: Would you guys invest meme coins now?  (Read 2333 times)
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July 08, 2022, 01:45:04 PM
 #21

So right now the market is unpredictable.
All of the time, the market is unpredictable. Even on bullish days, you can't predict the market as exactly as it is because that's how it works.

Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins.
It's part of their business so they promote it, they get money from those advertisements and as well as commissions per trade an affiliate of theirs make.

What would you guys do about this meme coins project?
Nothing.

are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
I'll choose not. If it's a few years ago when I was really interested in Dogecoin, I'll buy it but this time after it has pumped already, it makes no sense to buy it for me.

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July 08, 2022, 02:03:39 PM
 #22

My current investment strategy does not include meme coins. Top coins do not guarantee the safety of my assets, so meme coins are even more risky. If you want to invest in meme coins, now is not the time. It is much better to wait until there is a bull market because when there is a bull market when investing in meme coins will be very profitable in the short term since many of them can be easily hyped.
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July 08, 2022, 02:07:16 PM
 #23

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Memecoins are very high risk to invest, they are 100% only driven by the community (no clear utility and use-case), as long as the community still has trust, that's where this memecoin will exist. Even a project like Terra (LUNA) can collapse, that means it's not impossible that this memecoin will be easily destroyed. You're saying that KuCoin and even Binance are currently promoting Memecoin, what's Memecoin? can you provide proof? because I don't see them promoting any memecoins.

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July 08, 2022, 02:18:36 PM
 #24

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
If you like projects, then invest in them 1-3% of your investment portfolio, and put up with the loss Smiley The main percentage of investments should be directed to ecosystem projects that have technology and solve some problems.

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July 08, 2022, 03:25:13 PM
 #25

My current investment strategy does not include meme coins. Top coins do not guarantee the safety of my assets, so meme coins are even more risky. If you want to invest in meme coins, now is not the time. It is much better to wait until there is a bull market because when there is a bull market when investing in meme coins will be very profitable in the short term since many of them can be easily hyped.

It is luck with meme coin investment. Last year during the time Elon musk got some hyping for dogecoin it got high price while more investors came in thinking it is bull time and good to run the profit race but never understood it was already higher and over valued, ready to take off the excesses away and the coin crashed to losses for late buyers. During the time it was around 0.02, it has less volatility and wise investors took the advantage to buy and wait. It is better to buy meme coin cheap and wait for a little profit to sell IMO.
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July 08, 2022, 03:42:53 PM
 #26

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Memecoins are very high risk to invest, they are 100% only driven by the community (no clear utility and use-case), as long as the community still has trust, that's where this memecoin will exist. Even a project like Terra (LUNA) can collapse, that means it's not impossible that this memecoin will be easily destroyed. You're saying that KuCoin and even Binance are currently promoting Memecoin, what's Memecoin? can you provide proof? because I don't see them promoting any meme coins.

It will be a big risk to invest in meme coins during the market situation that we have right now. Weak coins might not survive so I would prefer stronger coins that can resist the bearish season. I will buy meme coins when they're active and being hyped again. Meme coins aren't good for long-term investment and buying them should only be good for the short term with perfect timing.
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July 08, 2022, 04:26:42 PM
 #27

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.

Doge and Shiba if you like memes you can try some with them, if you are lucky you will make a profit from them but with a new project it's better to stay as far away as possible. Markets are unpredictable, so don't risk losing your money just to make a few extra bucks.
As meme are risky investments, it is advisable to invest with the amount that you are allowed to lose, and it will not affect your life negatively.

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July 08, 2022, 04:31:25 PM
 #28

I wouldn't to be honest. Their era could be over but you may want to monitor movements in Doge if you are still a fan of these meme coins or tokens. Their resurgence in the last bullrun stared with Doge after all. There was some group that pumped it on a centralized exchange that caused some controversies and then you have Elon's tweets. I think Shiba also managed to build a cult-like community so it's probably safe to say they will survive this bear market.
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July 08, 2022, 04:39:08 PM
 #29

Definitely not. Not one memecoin is part of my top 10 coins in my portfolio. Simply because there is no project behind it. There will be nothing to back it up once bankruptcy happens or the whales like Elon Musk dumps it without remorse. It's not like it is Bitcoin.
The life of it comes from the volume which is being done by the traders because who doesn't love trading millions of currency? That's loveable to see.
If forced to choose though, I'd pick Dogecoin. The oldest one with obviously whales behind it waiting for the chance to sell with profits.
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July 08, 2022, 05:30:21 PM
 #30

I was nervous when investing in meme coins even when the market was in a bull run. I do not invest easily in the current market conditions. In fact, most of the projects cannot even collect investment in this period. For this reason, it is inevitable that meme coins will throw rugpull and run away in a very short time. Frankly, it's not a smart move.
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July 08, 2022, 05:54:07 PM
 #31

I don't know from which angle you think that meme coin is a means to invest. Even if it has the biggest market capitalists even if the title is meme coin there is still no guarantee of long term durability. Investing means having a higher rate of value gain over a longer period of time. While the meme coin itself can be easily pumped and disposed of in an instant. I still don't have a solid basis to substantiate the reason for investing in meme coin.

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July 08, 2022, 06:39:12 PM
 #32

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
There is nothing wrong with meme coins, there are memes that can make you rich in investing, it all depends on the team and how they run it in the crypto market and believe in investors.

I'm sure the market can now choose to invest in some meme coins, for example, memes that have been listed on well-known exchanges like Binance, Kucoin and others, for sure they have reviewed the development of the meme team, owner and also developments in the crypto market.

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July 08, 2022, 08:12:22 PM
 #33

The market is highly volatile at the moment and investing in meme coins can easily lead to lots of losses, the better way to go at this present market conditions is to stay put to less volatile coins such as BNB, ethereum, and the rest of the other less volatile altcoins in the market.

But if you have some balls to gamble with your money then you can opt in for some of the overhyped memes on the exchangrs, if you are lucky you may make some profits off the market before their crash. Meme coins are only good for short-term investment.
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July 08, 2022, 08:30:25 PM
 #34

I never did and I never will. It just never made sense to me that a token would get its power from some meme. Most of them take it from that very old "doge" meme as well, so cool, much money, many profits, etc etc etc. This means that when it was back in those days and the meme was alive I sort of understood the joke of it all, but now it's not even here anymore. It's more like if we created a memetoken about tiktok songs or something, which we all know we don't.

This is why I wouldn't invest in any meme token because it means that I would be putting my money into a place where it would make sense as long as it is hyped by people based on the meme power it has, otherwise would crash.

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goaldigger
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July 08, 2022, 08:52:17 PM
 #35

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
What’s good about this project aside from the hype? If you find best reason to buy then maybe you can share it to use. Exchanges will always follow the hype, so if that token is getting huge volume, regardless of its usage they will still list it because exchanges will earn money from them and that’s how crypto market works. They are cheap, and its a big challenge for them to rise again, be careful with the meme tokens.

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July 08, 2022, 09:14:16 PM
 #36

Memecoins are the all pump and dump coins. Even doge is. I wouldn’t invest in them seriously. They are good if you can time their lows but this applies to every stock and other coins. In the long run most meme coins will die off so don’t think long term with them. Bitcoin is the most safest coin out there. You don’t need anything else

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July 08, 2022, 09:35:15 PM
 #37

So right now the market is unpredictable. Even in this condition as we all can see most YouTubers and even Kucoin, and Binance exchanges promote meme coins. What would you guys do about this meme coins project? are you guys ok to invest in these coins or rather not invest this time? because most famous coins like shib, and doge are now in the dip as we can see.
Even if there’s another hype, I don’t see myself diving into that trap because I know it will still ended up like this. The hype for meme tokens are done already, and its normal for exchanges to list any token which they think can be a good source of money to them, exchange listing should not be your basis to invest. Well, we always wanted to make money with the hype, if you are ready to take the risk then buy some but don’t forget to sell right away if you see opportunity, there might still a chance for the top tokens but then again, I’m out on meme tokens.
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July 08, 2022, 09:51:53 PM
 #38

Seriously?
Meme coins?
Of course, NOT
I am still holding some Doge in the high price and that was my mistake. I learn from that mistake. I will not invest in memecoins anymore because it is very hype. And right now, the era of meme coins is actually ended. I will not risk my money again in meme coins. It is better to invest in some top coins,moreover BTC and also ETH.

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July 08, 2022, 09:53:06 PM
 #39

Had someone out of these meme coins worth investing with? I'll go straight NO, only Shiba and Doge are very known but despite that, it can't be said that they are really good and reliable coins to invest in. If I have other options to take, I would certainly look at them but rather going to consider the other option. The reason is that they are not performing so well, Elon Musk is just a tool to help Doge get known while Shiba Inu is just to pop up as it was listed in Binance. As per to see, meme coins can be good for short-term investments but never I see potential in them for the long-term goals.

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July 08, 2022, 10:16:22 PM
 #40

~
That is just..... going by the hype OP. You should not even try to just listen to these Youtubers by their words as some of them are just paid shill and might be cover-up for a shitty project.
Meme coins do not have no utility at all other than ..... well being a meme.
I would just go for BTC if I were you.
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