Before investing on meme coin or shitcoins consider this.

[avp2306]

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.

[Wiwo]

Thanks and all that you mentioned are the best proactive measures to stay safe from being in the wrong cojn investments,  indeed the hype on meme coins have been on the increase lately and this point to one thing and that is a scam and dump party about to happen and a lot of investors are going to experience loses.

So best to avoid investing what you are not willing to gamble with,  in fact, don't take meme coins as investments rather take them as just gamble and stake only what you can afford to do away with, be hard the worst experience with hype and shitcoins and now we are educated enough not to ever take them seriously.

[umbara ardian]

I observed some developments in the meme environment and realized something about a series of projects that have received a lot of buzz like SHIB, FLOKI, PEPE,... and even long-standing projects like Dogecoin the fact that many people see memes as a joke and gradually turn into an indispensable part of this market, because of how good the project is, no matter how good the technology is, no matter how strong the financial potential but without a community it is not possible to give a good or lasting signal about survival in the crypto environment. Many projects have followed this form to give % airdrops to the community, or the easy meme listing on cex does not need many binding criteria, sometimes just money is enough to push any silly project what a fool.
And the truth is that memes born as a joke don't have the criteria for long-term development, and anonymous dev can scam and rugpull at any time. So the meme environment I've seen so far from projects big or small, they are all entertaining and not sustainable, short-term fomo but huge profits make many people gradually get into the game or multi-level form hiding under the crypto investment environment, and newcomers are always attracted to greed and will learn from these.

[livingfree]

Good advices but here's a thing or two about these people that have been investing into these and keeping the faith for their fate of being rich with those.

They won't listen to people's reminder that are worried and concerned about them. They'll continue to what they've been doing and no matter what reminders and tips you give them, they'll still give their best shot to it.

As they've been into, they'll only say that they afford to lose it and what if the investment they've made there will make them rich. Even so, they won't listen until they ran out of money.

[decodx]

Honestly, I think investing in shitcoins is just gambling. You might get lucky and make a quick profit, but the majority of people end up losing money. Shitcoins and memecoins are nothing but pump-and-dump schemes orchestrated by developers looking to scam people and make a quick buck. Never believe their promises or get swayed by FOMO. But not every altcoin is a scam. There are legitimate projects with solid fundamentals and long-term goals. I prefer sticking to reputable cryptos with proven track records.

[Taskford]

Good advices but here's a thing or two about these people that have been investing into these and keeping the faith for their fate of being rich with those.

They won't listen to people's reminder that are worried and concerned about them. They'll continue to what they've been doing and no matter what reminders and tips you give them, they'll still give their best shot to it.

As they've been into, they'll only say that they afford to lose it and what if the investment they've made there will make them rich. Even so, they won't listen until they ran out of money.

This problem which cause a lot of financial losses from those investors because they believe that the group of people they know online tells a true information to them and they ignore the warnings of people who's been concern on the actions they made. If people still believe that they can easily get riches on investing on shitcoins then provably they will end up miserable especially if they are the type of person which is easy to deceive by those manipulators.

[Tytanowy Janusz]

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

Isn't it better to advice people just to stay the hell out of this mess? Since we agree that they are created to scam people for money, they have no utility and only a "funny" name, is there any technical or fundamental indicator that can predict when the project developers will get bored and throw away all the coins doing 90% dump?
The whole thing is therefore nothing more than a casino which, unlike a roulette, has no known winning probability or house edge. It is therefore much better to go to the casino and bet on 00 all your money.

I will say more. by participating in this scam, we are only adding fuel to the fire. We make the attention of the community and investors not focus on new, innovative, groundbreaking projects, but on scams that do not bring anything new to crypto space. You wanna gamble? go to casino.

[DeathAngel]

Nice post, OP. Very helpful to noobs who may be seduced by the promises of extreme wealth & opulence from shady shitcoins. You can definitely make good money on alts but you are far more likely to lose money than if you buy bitcoin or ethereum.

I think it’s OK to buy alts & tokens but don’t expect them to be a long term, sophisticated investment. Get in & get out when you make profit if you’re able too. Most alts have no utility & no future, it’s a short term smash & grab. Get in & get out.

[coin-investor]

Many investors know all of this but they prefer to ignore all the warnings in the hope that they can gain a lot of money being the early investors and when there's a huge pump, they know the admin will dump at an unexpected time and they are looking to dump ahead of the admin or when the admin is dumping.
There's a huge risk in investing in shitcoins you have to be on alert because anytime you could become a bagholder of the shitcoin you bought, never think that you can hold a shitcoin for the long term, shitcoins are created for admin to profit they are worse than a Ponzi scheme.

[ultrloa]

Many investors know all of this but they prefer to ignore all the warnings in the hope that they can gain a lot of money being the early investors and when there's a huge pump, they know the admin will dump at an unexpected time and they are looking to dump ahead of the admin or when the admin is dumping.
There's a huge risk in investing in shitcoins you have to be on alert because anytime you could become a bagholder of the shitcoin you bought, never think that you can hold a shitcoin for the long term, shitcoins are created for admin to profit they are worse than a Ponzi scheme.

Many know the risk but choose to ignore it since what came out on their mind us to gain profit. They didn't mind those scamming since they are aware that this scenario happens. This is one of few reason why this scam devs became successful since there are atill grady people who want to test out their luck and and try to place a bet to test out if they could able to earn huge money for joining it.

There's huge risk investing on altcoin that's why we need to be more vigilant and suspicious on anything what we do especially when dealing some money yo anyone.

[Doan9269]

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

Investors will never sees them as shitcoins in the first place because they are so desperate to make money through them, but immediately they fail, then comes manners of them that people called then, they are just tokens, maybe people should begin to learn about the meaning of the word token and how it's been applicable in cryptocurrency, they are not the real coins.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

Don't believe them, dont rely on them, don't trust them, they are out for business and it will be better for you to consider them if you're able to developed a thicker skin.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

This comes often especially when the market begins to go dip, everyone on a run not to loose what they have invested, such is very common in altcoins investment.

[ethereumhunter]

What @OP said is true but there are still people who want to gamble with those shitcoins so they invest their money to buy meme coins and hope the meme coins explode once they are released to exchanges. But that is not the case as only some meme coins can explode while others will disappear from the market even before the meme coins are released.

So if you want to gamble with coin memes, you have to be able to find the right coin memes to get big profits. This is a difficult thing to do because, from the many coin memes, we have to get a lot of information that is not all true. So it's true that we have to be careful if we want to buy those meme coins.

[o48o]

Can you define a shitcoin? Because back in time everything else but bitcoin was a shitcoin. And usually everythign other than i hold is a shitcoin. There's a wide shade of brown in shitcoins and many of them have been launched with good intentions. Not everything has been a scam from the start. Many of them are but not all low cap altcoins. They just later failed as they didn't got any hype or developers.

[Psynthax]

everyone should know investing in shitcoin in general speculative but also more of wasting money, only 1 out of 1000 gonna give you massive profits, everyone thinking they could become rich overnight are delusional unless they got really lucky.

[rhodelmabanal]

I dont even try to invest this kind of coin it is a waste of time and it will make me loss if i invest in this kind of coin i will invest a very small amount of money on it this has no use case and no future development only the creator of this coin earn not the investors, i will invest a good coin even if it is very expensive than investing on meme coin.

[TastyChillySauce00]

The first point is not even applicable for the token like doge coin and shiba inu. As long as the meme coin has fair distribution and it will not be dumped or rugpulled by the creator of owner. The fair distrbution has become the key to avoid the scam developers.

I think that some points won't be suitable for some tokens like doge coin and shiba inu. Shit token was speculative but fair distribution will able to decrease possibility for dev to dump in your ass.

[poodle63]

It's a lot of things to be remember but the primary concern that must be known by people before they will be putting their money into the shit coin is they should have know if they were gambling with their money. There must not big a big expectation for that.

You will always be winning or losing. That's it. That's why only using the small amounts of money for meme coin.

[avp2306]

They won't listen to people's reminder that are worried and concerned about them. They'll continue to what they've been doing and no matter what reminders and tips you give them, they'll still give their best shot to it.

Mostly they would not listen to the advice given since some people think that people give them an advice just want to deprive them the opportunity to earn. They are close minded especially if they already have an investment on some shitcoins.

So if you want to gamble with coin memes, you have to be able to find the right coin memes to get big profits. This is a difficult thing to do because, from the many coin memes, we have to get a lot of information that is not all true. So it's true that we have to be careful if we want to buy those meme coins.

So hard to find since we always have doubts if we talk about those shitcoins that's why other fall on trap then get FOMO since they think that there's a round two or even more rounds of that coin to pump.

[nesty]

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.

Well before investing into a meme coin we should do some research and study first. Check on the purpose and utility of the coin. Research on the credibility of the development team and their background, how well do they do know the goal of the project etc. The market demand and potential growth of the coin. Check also the risks involved and your financial situation. We should always remember to do your own research and make informed decision before investing in any kind of crypto currency to avoid such losses.

[Ziskinberg]

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

...

If this is what we want to happen, then why we should have to spend our time with these meme coins?
In fact, we have ETH, BNB, Matic, etc, those potential coins that we have known for many years. But because most of us wanted to become rich instantly, people will still invest and lose their money in hyped projects and shitcoins.

As the adoption continues, we also keep hearing these advices but unfortunately, this will never change the market sentiment, people will invest shitcoins.
And this issue remains forever because people still not learning and more innocent people comes and fall into it.