Do not be pulled by the hype of meme coins

[el kaka22]

Too many people do this mistake and I hope that they get a bit better about it, I know that it is not going to be so simple and I know that it will take some time but that is the reality and that is how it should be. I believe that people are getting too hyped about all of this and they get a result they are not happy about and in return they talk about how they could have done better if this happened or that happened. They could have done better if they didn't fall for a memecoin that's it.

Look at any big name launchpad out there today, even today, and you will see bunch of fake meme projects getting funded and that is why the crypto market is not moving higher. If all that money went to higher name projects then we could have started a big increase already.

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[Kaliandra]

Indeed, lately there is a popular name for meme coins like pepe, and lots of people are investing in these altcoins, and lots of them are getting big profits, but it's a shame for those who are late to enter Pepe coins, because the price of pepe coins is slowly dropping.
but of course we won't know whether Pepe's coin will fly again or not.

but what is clear is that the person who bought the Pepe coin beginning, of course, made a big profit, but the last one to buy has the potential to make a big loss.

yes... the point is, if you want to invest in meme coins, you have to be careful.

[tvplus006]

Indeed, lately there is a popular name for meme coins like pepe, and lots of people are investing in these altcoins, and lots of them are getting big profits, but it's a shame for those who are late to enter Pepe coins, because the price of pepe coins is slowly dropping.
but of course we won't know whether Pepe's coin will fly again or not...

As a rule, a pump is always followed by a dump. And this is the law of the market, since those who bought at the lowest price fix their profit when the price has reached a tangible increase. But after the correction, when those who bought at high will sell their coins to those from whom they previously bought, then we can expect the next pump. And this applies not only to the Pepe coin.

[Hypnosis00]

Indeed, lately there is a popular name for meme coins like pepe, and lots of people are investing in these altcoins, and lots of them are getting big profits, but it's a shame for those who are late to enter Pepe coins, because the price of pepe coins is slowly dropping.
but of course we won't know whether Pepe's coin will fly again or not.

Consider this as a fact from investing hyped project as it never stays high and keeps on growing as it drops after reaching ATH and gets back to zero again.
If you are an early investor, earning a huge profit seems possible but if you are a latecomer, losing seems what you get.

yes... the point is, if you want to invest in meme coins, you have to be careful.

Indeed, you must keep updated on its price direction otherwise, you will miss the opportunity to sell them high.
In this situation, it was impossible to have peace of mind but more on worries and uncertainties as it drop drastically. Meaning, it was a stressful investment compared to known ETH and BNB.

[ningrum]

that is the importance of doing research before investing and not being easily influenced by the news (FOMO). not only on the website but I often find on youtube social media many youtubers or crypto influencers to suggest buying a certain coin. giving advice is everyone's right, what we need to do is not to easily believe in this kind of thing and prioritize doing your own research before investing.

That's why it's important to get used to doing research before buying,
don't just believe in other people's advice because it's not certain that it will suit you,
losses will continue to come if we are easily influenced by other people's suggestions without doing research.

[MIner1448]

I completely agree with you, because it’s like an inflatable balloon, as long as there is a hype on a meme coin, this balloon inflates, as soon as the hype passes and this coin is not technologically backed up, this balloon bursts immediately and with it the price drops instantly. Many scammers are heating up on these price fluctuations in the markets.

[abel1337]

I completely agree with you, because it’s like an inflatable balloon, as long as there is a hype on a meme coin, this balloon inflates, as soon as the hype passes and this coin is not technologically backed up, this balloon bursts immediately and with it the price drops instantly. Many scammers are heating up on these price fluctuations in the markets.

This is why people should be careful on buying meme coins especially if they are considering it as an investment which is logically not an investment. It's widely known that meme coins are just getting carried by the hype of the community and if the balloon deflates, everyone will flock selling their meme coins and price will just go down. I hope no one really consider buying meme coin as an investment and planning to hold it for long time. I don't see any future in it especially those new ones because I think they are just riding the trend and just want to get profits in the trend. Don't catch falling knife folks!

[JayTrain]

Meme coins have undoubtedly caught the attention of crypto enthusiasts, with Shiba Inu and Pepe being prime examples. However, it's important to approach them with caution. While some meme coins have experienced significant gains, others have failed to deliver. It's crucial to evaluate the underlying fundamentals of a project, such as its community, utility, and long-term prospects. Meme coins can be exciting, but they also carry risks.

[AmoreJaz]

Meme coins have undoubtedly caught the attention of crypto enthusiasts, with Shiba Inu and Pepe being prime examples. However, it's important to approach them with caution. While some meme coins have experienced significant gains, others have failed to deliver. It's crucial to evaluate the underlying fundamentals of a project, such as its community, utility, and long-term prospects. Meme coins can be exciting, but they also carry risks.

do you really think this kind of token has long-term plans in this market? people are exploring the meme tokens mostly for short-term gains. however, not all are lucky to gain from this venture. the hype will always be there but do remember, not all can be fortunate to exit from this investment in flying colours.

[Rengga Jati]

Do not be pulled by the hype of meme coins

This has been said many times, numerous times, in this forum and also on other platforms.
Never be pulled by the hype of certain new coins. Always consider analyzing and make deep research on meme coins and other new hype coins. Never be trapped by the hype brought by the influencers, although they always say many things about earning money from this kind of coin, be careful about it.
We have noticed this all the time, moreover to the newbies

But, see the fact?

Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.

This always happens to many people, moreover, who are new to this. Or those who are really interested to earn money easily and quickly, and then, trapped by the promise.

[Odusko]

These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.

Yes only the early adopters will make significant profits and meme coins are not suitable for long-term purposes and to avoid losing out in totality, there is the need to ride with the trends and hype, so the early investors of those coins will always be at the middle of the whole market process both the pump and the dump accurately.

But then before you chose any meme coin as a short-term speculation there is a need to have adequate information and knowledge of those coins before risking your money on them.

[nurilham]

These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.

It is true that people who probably become rich are the owners/developers and the early investors who sell meme coins at the right time. The owner may not improve the projects seriously again after they already earn enough money from the meme coins. While the early investors mostly leave the projects when the hype reaches its peak. I guess most early investors are experienced investors, they know when the right time to sell the meme coins. While common people who want to follow them will end up with losses because they don't know the meme coin hype scheme. That's why it is strongly not recommended for common people to join meme coins.

[Yamifoud]

that is the importance of doing research before investing and not being easily influenced by the news (FOMO). not only on the website but I often find on youtube social media many youtubers or crypto influencers to suggest buying a certain coin. giving advice is everyone's right, what we need to do is not to easily believe in this kind of thing and prioritize doing your own research before investing.

It was really enticing when someone on social media talked about earning huge amounts of profit from investing in something like meme coins. It certainly is gaining attention especially if you are new in the crypto space and this is not to wonder why many people got crazy and in a hurry to buy meme coins causing its price to spike high in just a few days. But look, while innocent people are buying, smart investors/early investors are already selling their coins already and earning more while these latecomers had suffered losses.

[DoublerHunter]

Meme coins have undoubtedly caught the attention of crypto enthusiasts, with Shiba Inu and Pepe being prime examples. However, it's important to approach them with caution. While some meme coins have experienced significant gains, others have failed to deliver. It's crucial to evaluate the underlying fundamentals of a project, such as its community, utility, and long-term prospects. Meme coins can be exciting, but they also carry risks.

^Definitely right.
Meme coins often attract a large following due to their catchy branding and social media presence. However, their value can be highly volatile and influenced by speculative trading. Considering the utility of a meme coin is important and does it offer real-world use cases or solve a particular problem? Understanding the practicality and potential demand for a meme coin's utility can help gauge its long-term viability. So, their prices can be influenced by market sentiment and social media trends, leading to sharp price fluctuations and potential losses.

[TastyChillySauce00]

I completely agree with you, because it’s like an inflatable balloon, as long as there is a hype on a meme coin, this balloon inflates, as soon as the hype passes and this coin is not technologically backed up, this balloon bursts immediately and with it the price drops instantly. Many scammers are heating up on these price fluctuations in the markets.

that's what i have seen it so many times. The fact that if the scammers will be massively made stupid shit scam meme coin. The hype for meme coin was just happening in short term. No reason to call that if the hype of meme coin will exist forever.
Meme coin was only a place for scammers to fool the stupid investors who played with it. There are still many stupid investors in crypto.

[woez]

Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.

You have given a concrete example, what we think will go well could be 100% reversed and this is dominant but to make it relatively do not be half-hearted, it seems like my friend's story also invested $ 7,000. specifically for new meme coins but the Ethereum network and he invests not just one meme coin many and always enters the top 5 during presale. If one is weak it is closed by the others.

[Xampeuu]

I completely agree with you, because it’s like an inflatable balloon, as long as there is a hype on a meme coin, this balloon inflates, as soon as the hype passes and this coin is not technologically backed up, this balloon bursts immediately and with it the price drops instantly. Many scammers are heating up on these price fluctuations in the markets.

that's what i have seen it so many times. The fact that if the scammers will be massively made stupid shit scam meme coin. The hype for meme coin was just happening in short term. No reason to call that if the hype of meme coin will exist forever.
Meme coin was only a place for scammers to fool the stupid investors who played with it. There are still many stupid investors in crypto.

but it is undeniable, the existence of meme coins seems to be an attraction for investors to win the lottery, which becomes a problem if they use their full capital to invest in meme coins, as if they don't appreciate the capital they have. imagine if our capital increases by thousands of percent, of course it is difficult to blink an eye, as if getting a windfall. however, we need to remember that meme coins are not a place to actually invest, so be careful, especially for new investors who don't have enough knowledge

[adzino]

Most of  them invest in meme coins to get rich real quick. But they don't realize that the chance of losing their money is much higher than making any profit. There are hundreds of meme coins, but how many of them are legit? and how many of them gave them profit? Like 1 in thousands. So yeah, do the math and you will know that high chance they will be losing their money. They also don't realize that when the "hype" starts, it is already too late to be investing anything. Don't be pulled by the false hope of the meme coins and encourage those scammers more!

[AakZaki]

Many meme coins work in a way similar to the way Ponzi schemes work, so the only chance investors have of profiting from their investment is if they find the coin early before everyone is talking about it, if by the time you want to invest in that coin it is already being talked about on the forum and social media websites then you know it is too late already and it is better to stay away from it and never buy, as very few meme coins are fortunate enough to experiment several pumps during their existence.

Finding memecoin earlier will provide higher profits and of course it will be a risk of loss. Don't buy meme coins that are already high reaching new ATH because that is the time when everyone who entered earlier will exit and those who bought during ATH will only suffer losses. you have to be careful with new memecoin, all are just scammers' games and will only be abandoned when profit has been reached.

[carrie_white]

I totally agree with your opinion about meme coins, because as we already know, almost all meme coins are just temporary hype, many meme coins projects are rug pulled, this is due to excessive FOMO on investors