Len Saldua (OP)
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August 02, 2022, 07:27:22 AM |
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Not just shiba, but there's a dozen different others I think. I tried a couple of them, just to see how they behave in this bear market. To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
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Tony116
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August 02, 2022, 08:15:57 AM |
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Not everything is profitable, investing in memes is very risky, most of them are scam projects, you should be careful. You are lucky that you were able to make a profit investing in those anonymous coins. If you still want to invest in memecoins, you may do so as long as you invest only in projects such as doge or shiba, I think these projects still have the potential to rise in the future, I guess both won't stop at today's prices. For other memes it just bumps and dumps and will disappear after that, you should be careful.
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ryzaadit
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August 02, 2022, 08:31:03 AM |
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Hahahaha.
I guess you forget the rist, your money can 100% lost because the rugpull. We have a dozen meme coin ended with the same things, is always created based on the tweet name from Elon. Then some random dude created the token.
The name it self already give us inclusion, the token is only meme without any utility.
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livingfree
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August 02, 2022, 08:33:27 AM |
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It is because they're like that. They'll pump as high as they can during the bull run and would be dumped eventually as we enter the bear market. Good to those that have made money on these times and that's all you need to do.
Even with the popularity of meme coins, it's not just started from 1. There were already many of them but because of the hype that has started from Doge to Shiba and with the help of Elon.
Many of them came out from nowhere.
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Farma
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August 02, 2022, 09:14:34 AM |
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What you need to know about meme coins is that they are very volatile, in fact I think they are more so than other altcoins. however, you are lucky to invest when the price is going up, but what if it goes down, then your opinion will definitely be different. other than that, I understand what you mean that 1 coin meme can be very valuable. however, not all meme coins will be like that. maybe, the meme coin that you are investing in is currently high, but sometimes there are too many meme coins that also become a rug pull. where they sometimes deliberately increase the price of the coin to attract investors, then dump the price in a short time. however, do your research before investing, not assuming that all meme coins will be very high in the future.
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lumbanrang
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August 02, 2022, 09:26:59 AM |
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You know investing in crypto in the current market conditions is very risky especially in meme tokens. It's great when you can profit from investing in meme tokens. However, my suggestion is that you should invest only in the short term, because I am also not too sure about the future of these meme token, the price could drop at any time.
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$crypto$
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August 02, 2022, 10:52:05 AM |
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You're too caught up in an instant $50 profit with an 800 rated meme coin there and never think about how risky it is that it's going to be blind to you when you profit from that lowly meme.
Maybe they can be hype right now for some reason but what if the bear market is really long in the market, can meme coins return capital, of course this will be rugpull prone as we have seen a lot, much better avoid it even if it's profitable now don't ever put its there again, because basically the meme coins rated below are much worse.
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avikz
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August 02, 2022, 11:56:26 AM |
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Not just shiba, but there's a dozen different others I think. I tried a couple of them, just to see how they behave in this bear market. To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there If you like gambling, then you can try your luck in meme coins. But one thing we all need to understand that meme coins are no good. A short term gambling is ok but never keep your money for long term in any meme coins. They don't have any use case or any specific usage, also they are super bad for long term investment. It's 100s of meme coins now, it will be 1000 in no time. Most of the ponzi scheme owners are trying their luck in crypto market and that's why you will always see newer cpins introducing in the market.
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bitbollo
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August 02, 2022, 12:07:02 PM |
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the very fact that they have multiplied over the years must make us reflect on the drift that exists in this sector, and how easy it is to clone an idea, no matter how silly it is...
A meme coin is the equivalent of using a HYIP. you can also make money with them but they are created through and through to steal money.
the fact that these kind of coins are distributed by owner (therefore practically centralized), often with "insta-mining" systems, with enormous risks related to double spending, not to mention the very high number of scams behind these projects ... in short, it's like going to a casino where the rules are unclear and the dealer is able to fix every game.
everyone does what they like (even risking their money in such things) but everyone must be absolutely aware of the (enormous) risks that are run in investing in such things.
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so98nn
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August 02, 2022, 12:52:37 PM |
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I think the whole meme coin generation is joke itself. It’s too overextended and overdone everywhere. It was all fun up to the DOGE but after that they started coming one by one and flooded the whole market. Literally now they are having mergers with metaverse too and thus following the path of getting NFT’s of their own meme coin. Whats all this going on! It really sucks and making the crypto look like a joke. This is getting horrible day by day with meme coins and its way confusing over the period of time because we can’t really rely on one ( though its funny investing in them)
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bakasabo
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August 02, 2022, 01:02:44 PM |
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I am looking forward to an end of meme coin madness. They just flood market with useless info. I cant even say that all these meme coins create useful competition to other projects. Just a garbage that interfere from finding really useful projects. Until there will be people who has managed somehow to create little money easily and boast with that, meme coins wont disappear. And I really cant imagine what should be done to reduce the amount of new meme coins.
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Len Saldua (OP)
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August 02, 2022, 01:11:52 PM |
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I wish Katy Perry released her own coin. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) She's already done NFTs and KFC ads
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shinratensei_
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August 02, 2022, 01:12:01 PM |
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these low ranked meme coins could very well vanish into thin air like quite literally every time there's massive correction, in general investing in meme coin is unwise decision, but investing in low ranked meme coin you're just gambling your money away. though they indeed could always have a bullrun in the middle of massive correction doesn't justify the fact that your investment could lost easily.
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coin-investor
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August 02, 2022, 02:36:14 PM |
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Not just shiba, but there's a dozen different others I think. I tried a couple of them, just to see how they behave in this bear market. To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Go on as long as you invested with money that you can afford to lose, and you fully understand how the market reacts to trending types of coins, they are the type of coins that now they are pumping but after a few weeks people began to dump them because of loss of support, just be sure you follow trend coins that you're investing and see the best time to dump them for profit, what's trending now, will be replaced by a new one.
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X-ray
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2022, 03:40:14 PM |
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I wish Katy Perry released her own coin. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) She's already done NFTs and KFC ads You can mention it on here twitter and let's see whether she will be seeing your wish or not. Getting pair to promote NFTs were not a new thing in the crypto. There are some celebrities who have been doing it as well but again it's about how to comply with the regulation. It's too risky for her to release his token and maybe SEC will be charging him as well for issuing the security token to the market. It's better if she will not be doing it or she will face various problems. You're lucky enough to get profit from meme token but this will not always happen. Stay away to take the risk by used meme token as investment.
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danherbias07
Legendary
Offline
Activity: 3248
Merit: 1129
Leading Crypto Sports Betting & Casino Platform
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2022, 04:18:29 PM |
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Good for you. Did you take all the profit or are you trying to stay and buy more to do better profits next time? I would not recommend that. You've done the purpose of them and that's to trade them and make profits in the short term. That's how I see them, money-making projects. These "inu's" are not for investing long, even the one on the top which was Shiba. I had millions of Shiba before but I sold them as fast as I can when I saw my money doubled. I did it without a shed of doubt.
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Zulkifli BI
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 277
Merit: 22
lumintoken.com
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2022, 04:40:41 PM |
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Not just shiba, but there's a dozen different others I think. I tried a couple of them, just to see how they behave in this bear market. To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there if you want to invest in coin memes then we have to be careful because now there are a lot of coin memes that are scams. and many of them only last a short time after which they drop and no longer have value. and if you really want to invest in memecoin then invest with a small nominal for example $ 10 - $ 20. because if the coin is a scam then we don't lose a lot of money.
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popeye95
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2022, 05:22:52 PM |
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Apparently, just Doge, Shiba, and Co. You're lucky to have gains in any of those hundred, unremarkable meme coins. But that's it, don't try to push your luck and start investing in too many of them. Yes, Doge and Shiba might seem not very attractive anymore but still a better investment than all of those unremarkable meme coins.
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Ararbermas
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2022, 05:35:13 PM |
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Not just shiba, but there's a dozen different others I think. I tried a couple of them, just to see how they behave in this bear market. To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there so you're talking about new projects or should i say emerging meme projects? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) well actually it's not surprising why you can make money from that way unlike investing on shiba and doge even they are high ranked, because obviously as well that when it comes new projects its very common that they really making hypes in the market and so volatile compared to an old projects. So good for you that you didn't miss the opportunity from it, but be careful and don't be greedy to prevent doing mistake decisions because you know I've been there on what you're doing and i end up nothing afterwards in just one mistake. . Lol
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uneng
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2022, 05:42:01 PM |
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There are many memecoins attempting to surf doge and shiba inu hypes. They lure investors into believing it's a new opportunity for late investors to reach the same results early investors achieved through doge and shiba, although it's unlikely it's going to happen, especially because crypto is an unpredictable environment, therefore a predictable tendency like that shouldn't be expected.
Look for new tendencies and not the repetition of the previous ones.
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