Before investing on meme coin or shitcoins consider this.

[Marykeller]

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.

The most important thing is to entirely avoid shitcoin.

Shitcoin was designed with the intention of defrauding people. ​it usually doesn't work out successfully, you shouldn't assume that it will ever provide you a profit, whether it's for a short-term or long-term goal. Due to the possibility of a scam, there is no need to invest in it at all. shitcoin should be avoided with passion

[carrie_white]

first of all, thank you for this very useful thread, because many people want to get rich quick just by investing in meme coins, regardless of the risks involved, I think the biggest influence of people buying meme coins is just because of FOMO, they buy meme coins without understanding about what did they buy

[gaston castano]

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.

It's true that some individuals may be resistant to advice or warnings when it comes to their investments, especially if they have a strong belief in the potential for financial gain. This behavior can stem from various factors, such as overconfidence, fear of missing out, or a lack of understanding of the risks involved.

While it can be frustrating to witness someone disregarding cautionary advice, it's important to remember that individuals have the right to make their own decisions, even if they seem unwise to others. It's essential to approach the situation with empathy and respect for their autonomy.

[Yatsan]

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.

The most important thing is to entirely avoid shitcoin.

Shitcoin was designed with the intention of defrauding people. ​it usually doesn't work out successfully, you shouldn't assume that it will ever provide you a profit, whether it's for a short-term or long-term goal. Due to the possibility of a scam, there is no need to invest in it at all. shitcoin should be avoided with passion

Would be vague to just avoid. Shitcoins are still profitble you just hve to study their price actions and to know when would be the right time to enter. OP have valid points in particular with not holding the mentioned category of cryptos for a long period of time. These tokens are just good for short term holding and I'd say best at swing trades only. Holding for a longer period of time would more likely result to huge loss given that prices often decline upon the release in the market. As long as there's volume then it has a potential. We just have to make use of that potential and not to jist wait for things to be in favor with our expectations as investors.

[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.

The most important thing is to entirely avoid shitcoin.

Shitcoin was designed with the intention of defrauding people. ​it usually doesn't work out successfully, you shouldn't assume that it will ever provide you a profit, whether it's for a short-term or long-term goal. Due to the possibility of a scam, there is no need to invest in it at all. shitcoin should be avoided with passion

Would be vague to just avoid. Shitcoins are still profitble you just hve to study their price actions and to know when would be the right time to enter. OP have valid points in particular with not holding the mentioned category of cryptos for a long period of time. These tokens are just good for short term holding and I'd say best at swing trades only. Holding for a longer period of time would more likely result to huge loss given that prices often decline upon the release in the market. As long as there's volume then it has a potential. We just have to make use of that potential and not to jist wait for things to be in favor with our expectations as investors.

That's right although there are so many scams but still this is not valid ground to totally leave them. There are shitcoins giving some good profits to their traders, we just need to be cautious and avoid get hype on situations happening like big price increase so that we will not lose our money for wanting for more. Its just we need to out smart those scammers and never believe on any hyping techniques they want to create.

[Magic-Money]

Shit coin's is a meme Coin that have to make a research before investing on them, and the chance of making profits or losses your funds is very high and that is why I don't like invest in meme Coin, but rather invest my money in coin that has already established with less quantity supplies.

[mdzahed134]

I'm not fan of shitcoins but i invested a several times in new shitcoin as like Shiba was my profitable investment, it’s was very hype coin still most popular coin in the market, now PEPE is new hype coin in the market. But i would not like to recommend big investment on meme coins because here your money will be high risk. So, you have to invest such of amount of money which is affordable for you.

[kamvreto]

I'm not fan of shitcoins but i invested a several times in new shitcoin as like Shiba was my profitable investment, it’s was very hype coin still most popular coin in the market, now PEPE is new hype coin in the market. But i would not like to recommend big investment on meme coins because here your money will be high risk. So, you have to invest such of amount of money which is affordable for you.

You seem to have understood the risks of investing in shitcoins or coin memes. it is very risky and you could lose all your money while still holding it. Some of the memecoins that are listed on the top exchanges usually have a large and solid community, so the support is very strong. But for memecoin which is only present when the hype is not going to be anything in the long term. But SHIBA, DOGE or PEPE can be the top memecoins to choose from, but I also warn you that this is a fairly high risk. use free money that is not used for any needs.

[woez]

I'm not fan of shitcoins but i invested a several times in new shitcoin as like Shiba was my profitable investment, it’s was very hype coin still most popular coin in the market, now PEPE is new hype coin in the market. But i would not like to recommend big investment on meme coins because here your money will be high risk. So, you have to invest such of amount of money which is affordable for you.

You seem to have understood the risks of investing in shitcoins or coin memes. it is very risky and you could lose all your money while still holding it. Some of the memecoins that are listed on the top exchanges usually have a large and solid community, so the support is very strong. But for memecoin which is only present when the hype is not going to be anything in the long term. But SHIBA, DOGE or PEPE can be the top memecoins to choose from, but I also warn you that this is a fairly high risk. use free money that is not used for any needs.

Even if I go in, I see more how many markets are trading meme coins, for example PEPE right now. There are 72 inactive platforms when viewing CMC data. Yes. although here we are required to be more calculating when investing in this meme coin. To get rich quickly, in my opinion, is not easy, isn't it like turning your palm if you invest in this meme coin and I agree in terms of selecting funds using free money that is not used for any purpose as you convey.

[Rampagoe004]

One more thing, Pretend that investing in Shitcoins or Memecoins is gambling. There will be times when you are lucky and get returns tens of times and often you will find cheating so you will lose your money.
I often tell my friends, DON'T BELIEVE IN SHITCOIN because it has happened many times like Floki Inu, SHIBA, BabyDoge, ElonDoge, and currently PEPE. Unless you want to have fun please invest there.

[TheUltraElite]

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.

Humans love to stay in a fantasy world where they everything at the easy with profits from altcoins as one of them.Bitcoin itself is one enough asset to trade on and they are burdening themselves with another coin. Very few newly launched altcoins have been making to the top ten list on aggregator sites and those have become long term goals for most people. The coins from scuh projects are often compared to bitcoin for their price but memecoins are nowhere near them.

If interested in memecoins please give them some time at least 2y time period to cover their shady activities and then put money on them.

[Similificator]

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.

I agree with your points. These are the things that I often say to most of the people who asks me about Meme coins and shitcoins. Although I do not advice investing on those for beginners, if the one asking about it is really set on jumping into Meme coins and shitcoins, I don't stop them as well since it is also a great learning experience. Besides, there truly are profits to be gained from these types of coins if you just know what you are doing.

Too bad though, despite giving the advice, some people still tend to fall in love with their investments which makes them ignore all the knowledge they have and go titanic ship captain and sht on their investments. Sticking with the coin despite the sinking price ending up losing more than they should. Oh well.

[ultrloa]

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.

Humans love to stay in a fantasy world where they everything at the easy with profits from altcoins as one of them.Bitcoin itself is one enough asset to trade on and they are burdening themselves with another coin. Very few newly launched altcoins have been making to the top ten list on aggregator sites and those have become long term goals for most people. The coins from scuh projects are often compared to bitcoin for their price but memecoins are nowhere near them.

If interested in memecoins please give them some time at least 2y time period to cover their shady activities and then put money on them.

Because they always love to hear success stories and they want to replicate it. But the problem is they want to do it without doing extra efforts or by just using their own money. That's why they fall on traps set up by those devs and they just been deceive by potential profits that has been projected to them. Although we can't deny that there are meme coins like pepe got a big pump but its hard to spot up the same like which can give us big profit since the next will follow with that are those scams which replicate its name.

[Iyeman]

All of your points were right but i thikn that if people are having sense and they will not be trying to put their money in the shit scam meme coin. Meme coin was just meme coin. There are no intrinsic value on it.

It's BS that already made for the scamming purpose only. That's it.

[Wexnident]

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.[/b]

Orrr just doesn't invest in meme coins in general if you want to be a smart investor. I don't know exactly how much chances there are of finding a gold mine in memecoins, but I reckon investment and time would probably go up by much to the point where the effort spent wouldn't have been enough. It might've been possible for a lucky break to happen but eh, might as well have gone to the casino in that case. If it were a side investment of sorts just because, well, you had free available money then I reckon as an investor it should be fine. I mean it isn't your major investment after all, I hope.

[Velemir Sava]

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.[/b]

Orrr just doesn't invest in meme coins in general if you want to be a smart investor. I don't know exactly how much chances there are of finding a gold mine in memecoins, but I reckon investment and time would probably go up by much to the point where the effort spent wouldn't have been enough. It might've been possible for a lucky break to happen but eh, might as well have gone to the casino in that case. If it were a side investment of sorts just because, well, you had free available money then I reckon as an investor it should be fine. I mean it isn't your major investment after all, I hope.

I agree if you say coin memes we don't make it a major item in our investment. but if there are more results than trading profits, in this case trading, either daily or weekly, it's not wrong to also use meme coins, but with a note, look at the daily transaction of the coin, whether it's high or low, if you don't check out, don't look again. There are many ways to get to Rome.

[bitkanu]

meme coin investment is all about trial and error, you just don't expect something big coming out of your investment as it resembles gambling a lot, and the odd sometime even lower than gambling, such a bad idea if you think your investment will always give massive profits.

[o48o]

-cut-
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.

This applies to most new coins and tokens out there. NFTs too. It has been so since i got in. Anon devs have nothing to lose, if they make money with that tactic there's no reason to keep going and abandoning their projects right after start.

Other points i agree totally with. But new people are going to do same mistakes over and over.

[GelatikKembar]

I'm not fan of shitcoins but i invested a several times in new shitcoin as like Shiba was my profitable investment, it’s was very hype coin still most popular coin in the market, now PEPE is new hype coin in the market. But i would not like to recommend big investment on meme coins because here your money will be high risk. So, you have to invest such of amount of money which is affordable for you.

PEPE is indeed one of the popular memecoins right now, even more popular than Doge,
I can say this because PEPE can be trusted by Binance and listed there,
because we know the memecoins listed on Binance really make a difference, and I'm sure PEPE can be one of the best of MEME coins.

[wajik-tempe]

Investing in cryptocurrencies, particularly with the rise of "shitcoins," demands extra care. Before investing, it is critical to undertake extensive research, study projects, and assess their long-term viability. Be skeptical of developer promises and avoid succumbing to FOMO or temptation to hold or buy more. Instead, concentrate on being a wise investor, managing risk, and staying current on market trends and regulatory changes. You can navigate the bitcoin world more successfully and make solid investing selections by taking a thorough and informed approach.