Before investing on meme coin or shitcoins consider this.

[naikturun]

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.

Educating oneself about the fundamentals of investing, understanding market dynamics, and practicing due diligence is key to making informed decisions and avoiding potential scams or losses. Diversifying one's investment portfolio across different asset classes and maintaining a long-term investment strategy based on sound principles can help mitigate risks and improve overall investment outcomes.

[isaac_clarke22]

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.

Even memes by themselves aren't really for the long-term. See how many memes from 2013 already had ceased to almost get mentioned around social media these days although the OG memes like troll face and Bitch Please still kinda gets random mention but when we're talking about memecoins, you know that ain't worth it.

For #2, you should not believe anyone's promise around the INTERNET unless it's someone that you really trust but even in that cases, you would somehow be cautious.

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.

Rugpulls happened within NFTs even those games that were almost like a wasteland. Devs won't give a shit about their player's loyalty even the community. Just see how many NFT games out there were like hot topic back around 2021-2022, but then right now everyone just went silent.
Sure there were still livestreamers playing those NFT games, but it isn't as profitable as before.

[Xal0lex]

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

I would add to this theme that it's important to always watch where memcoin is listing. If it happens exclusively on pancakeswap, then you should definitely stay away from such a coin, because on this exchange mostly all sorts of scams appear, and such projects don't live long. If memcoin is listed on other exchanges, more famous, then it is not so clear.

[GreatArkansas]

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

For me, this is very common. Because hype these days is common, if what is trending, people tend to go for it, some people who are early to the party are for sure making the most money, while those people who are already late, could lose some of their money.
When Memecoins started, I didn't even try it or tried to buy any random memecoins.

[maydna]

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.

I'd say it's more like gambling because we don't know what the future holds for investing in meme coins. Most meme coins cannot survive the competition among the meme coins themselves, let alone compete with other new coins or coins already gaining a place in the market. Meme coins that can survive in a good position in the market are few; even then, they can disappear anytime. So maybe this is why meme coins are like investing and gambling at the same time. And strangely, many people are still interested in investing in these meme coins and even buying them with a lot of money. It's all because of the hope of getting huge profits from investing in meme coins.

[Ojima-ojo]

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

I would add to this theme that it's important to always watch where memcoin is listing. If it happens exclusively on pancakeswap, then you should definitely stay away from such a coin, because on this exchange mostly all sorts of scams appear, and such projects don't live long. If memcoin is listed on other exchanges, more famous, then it is not so clear.

Better if I see then on more pronounced exchange than that pancakeswap that have birthed a lot of scam shitty coins in recent time, in fact, that exchange has become a dumping ground for all the shit coins and projects that are just created as hypes and nothing more.


Even as a struggle to believe in the possibility of a truly functional and long-term memecoin with any use case to rely on for long-term goals, I still know there are few of those coins that present something near alternative but can we rely on them for the long term, that remains a question of time.

[bayudndy]

In the context of exaggerated memes, it is not uncommon for investors to choose them to get rich quick. In fact, there are a lot of people who change their lives thanks to these coins, but overall, I don't think it's sustainable. Because money comes easily, it also comes easily, so I think the way you handle it and your mood determine what you are thinking when investing in these meme coin investments. What matters is whether you follow the hype or not because coin memes aren't really bad; the bad thing is how you join them with investment decisions.

[sana54210]

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.

I'd say it's more like gambling because we don't know what the future holds for investing in meme coins. Most meme coins cannot survive the competition among the meme coins themselves, let alone compete with other new coins or coins already gaining a place in the market. Meme coins that can survive in a good position in the market are few; even then, they can disappear anytime. So maybe this is why meme coins are like investing and gambling at the same time. And strangely, many people are still interested in investing in these meme coins and even buying them with a lot of money. It's all because of the hope of getting huge profits from investing in meme coins.

I do agree that it is not going to be simple to invest into these things because they are just too volatile and based on excitement and hype nothing more. If you can rally up people then you can get them to invest into any meme, it could be pepe, it could be doge, it could be shiba, it could be ape. You can start a rick/rolled based token and you could get people to invest by just sending them to the video lol, there will always be people who will invest into memes.

All you have to do is rile them up, and if you can do that then you can do wonders. Obviously there are good versions and there are bad versions, the ones that rank in top 200 are the good ones, the ones who can't even get the funding are the bad ones, they will not worth anything and just trying to make money based on the hype.

[Raflesia]

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

Even though things like this are always emphasized but of course we still see lots of people who are naive and still believe that they will still experience real profits when they are in shitcoin even though that is a false hope.
Reminders like this are obviously something very good, it's just that we know that the majority, especially for beginners, are a lot of naive people and expect something instant in this matter.
But even so, at least there are good people who remind me and I like this. At least it's possible that with something like this there will be some people who realize that false hope in shitcoin never creates really profitable conditions because things like that this only makes it miserable, especially for those who don't know the momentum and only follow the hype.

[Bolivar_Tony]

Good point you mentioned, but sometimes I keep wondering why some big exchanges are listing these hype meme coins when they know they don't have any tangible thing to offer other than the hype the coin, the project dev's and early adaptors will dump the coins on people and move on to retire, I think if exchanges starts to vet these coins, they might be a thing of the past

[Silberman]

Thanks for sharing these tips. I think they are very helpful for anyone who wants to invest in shitcoins. I agree that shitcoins are very risky and volatile and that one should do their own research and be careful with their money. Always DYOR, remember it is easy very to lose but it's hard to cope with your loss.

If a person is determined to invest in those coins then there is nothing we can do to stop them, but at least those people should be incredibly cautious once they are invested in one of those coins, in my opinion those people should always be ready to sell their coins at the most minimal sign that the coin could begin to dump, and this is because the last thing you want to do when holding those coins is to still be holding them when they are crashing, as it is possible you will never recover your money if you do this.

[kamvreto]

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.

The risk is each other's responsibility, getting into memecoin means being ready with all the risks. Using a minimum of money to memecoin is highly recommended. Buy some and leave, maybe it will explode like DOGE, we also don't know what will happen later, but when Bitcoin price is bullish and reaches new ATH then most likely all altcoins will increase including memecoin.

[bittick]

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.

The risk is each other's responsibility, getting into memecoin means being ready with all the risks. Using a minimum of money to memecoin is highly recommended. Buy some and leave, maybe it will explode like DOGE, we also don't know what will happen later, but when Bitcoin price is bullish and reaches new ATH then most likely all altcoins will increase including memecoin.

i'm sure only certain meme coin gonna rise though if it's bull of bitcoin because many other meme coin just gonna get abandoned and slowly losing their market value.

[Oasisman]

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

~snip~

Though all of these were true, but I guess more than half of the people who invested and put their money into memecoin already knew the risks and consequences if everything goes south.
A lot of people got easily attracted by how huge these memecoin can generate profit at a more earliest period or in a short term period in contrast with other well established altcoin with good utilities. That's all because of the hype the people build around these memecoin that would literally make the price go up multiple times. So, putting your money in memecoins is most likely that your purchasing a lottery ticket and hope that it would hit big in the next couple of months or so.

[Cvetik56]

That's true, sometimes it feels like not everyone is aware of that. This is why I'm not investing in memecoins. I know more interesting ways to gamble or waste money.

[maydna]

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.

I'd say it's more like gambling because we don't know what the future holds for investing in meme coins. Most meme coins cannot survive the competition among the meme coins themselves, let alone compete with other new coins or coins already gaining a place in the market. Meme coins that can survive in a good position in the market are few; even then, they can disappear anytime. So maybe this is why meme coins are like investing and gambling at the same time. And strangely, many people are still interested in investing in these meme coins and even buying them with a lot of money. It's all because of the hope of getting huge profits from investing in meme coins.

I do agree that it is not going to be simple to invest into these things because they are just too volatile and based on excitement and hype nothing more. If you can rally up people then you can get them to invest into any meme, it could be pepe, it could be doge, it could be shiba, it could be ape. You can start a rick/rolled based token and you could get people to invest by just sending them to the video lol, there will always be people who will invest into memes.

All you have to do is rile them up, and if you can do that then you can do wonders. Obviously there are good versions and there are bad versions, the ones that rank in top 200 are the good ones, the ones who can't even get the funding are the bad ones, they will not worth anything and just trying to make money based on the hype.

And it turns out that the strategy has succeeded in increasing some meme coins and getting their peak price. That is also what makes many people also get the biggest profit by investing in this meme coin. But others could not get the right moment to create hype in the market, so the project could not survive and eventually disappeared from circulation.

But it can be risky because we don't know which meme coin project can go high and manage to get hype, so we can get stuck at the high price and not sell it anymore because once it reaches that high price, the meme coin price drops drastically and can't get up again.

[Blitzboy]

Absolutely nailed it with the fly-by-night vibe of these meme coins or shitcoins. It's like they've got a touch of the Mercury – here now, poof next. Those pump and dump gigs are all over the place. Developers pump the balloon, inflate the prices, and then BAM! They sell off their stash and leave the average Joes holding the bag. But let's not go full cynical mode here. While it's smart to have your BS detector on high alert, it's not cool to label every new project as a scam. The golden rule is due diligence – always, always, always do your homework before throwing money at anything. Check out the peeps running the show, the roadmap they're peddling, and the buzz around the project. These can give you a pretty good idea if it's got legs to stand on.

You've also nailed it about the 'FOMO' factor – fear of missing out. Keep your cool and don't go running after every shiny thing that comes your way. Sometimes, it's better to be the one who got away than to dive in headfirst without checking if there's water in the pool. And kudos for your point about valuing any profit, no matter how small. In the crazy roller coaster ride of investing, it's the steady Eddy that wins the race. Keep your wits about you and a long-term view can help you grow your investments and dodge any potential bullets.

[yazher]

Most people that are investing in such coins are experts when it comes to selling their coins in the short term and they know what they are doing. The victims are those who believe in the hype they thought that it will last forever and the price increase will gonna be there every day until they found out that it will gonna stop and will crash. There's no way these coins will last forever because they don't have any contribution to innovative technologies nor any country or company will use their coins to be one of their accepted currency. It's all a hoax and drama and the people that are promoting it all this time will soon disappear and will gonna promoting another project again because their job is already done and they already get a decent amount of income from the poor victims who bought meme coins when the price was higher.

[danherbias07]

Never ride the FOMO. If you follow people who are creating hype about meme coins just because they are new then get away from them.
It's either they bought loads of it and trying to pump it up for their own good so they can sell it higher than their initial purchase or they know nothing about cryptocurrencies and just trying to get some attention. Another reason could be, they are paid by the company behind the memecoin project.
Please avoid them.
It would always be better if the decision will come on our own, that way we won't point fingers if ever something wrong comes and we can blame only ourselves for the mistake we made. There are loads of meme coins now so finding a gem is like a needle in the haystack. Chances of finding a legit one is very low.

[irsykes]

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.

all the words above are good. if it's not quite right it's just because excessive lust makes the words above not quite right. for me that's true, only we can manage or not wisely control money so we don't get carried away by shitcoin meme devs who really rarely have a long future. scammers will not disappear from the crypto world, at least these words serve as a basis for being more vigilant