Do not be pulled by the hype of meme coins

[Iyeman]

Pretty much the same like milady meme coin. It has been pumping so high due to the elon's tweet but it was going down so hard. it takes only a few days to make it goes to the bottom again and i guess if there are so many people who lose their life saving caused by they were investing in the meme coin. meme coin is only for the speculating purpose and it's not for the investment purpose. People don't understand it.

[shinratensei_]

so that person must think that the 100$ is lost, it is very different from putting 100$ in bitcoin that despite the person knowing that he can lose up to 50% in extreme cases, the person knows that he will not lose all the money and will only lose 50 % if you decide to sell, then that's investing, now in the case of meme coins the person can lose everything, this is no different from putting money in games of chance, that's why in my opinion people should only put money that they know that they can afford to lose and they won't miss it, so it wouldn't be very smart to put a lot of money in a single meme coin, it would be ideal to put a little money in many meme coins and then wait to count on luck

some meme coin differs though, like doge and shiba which i assume will hardly just gonna gone and turns into nothing.

but it's true that majority of the meme coin out there are just gonna outright cause and incur lose to many, after all they're just full of trickery, even in many cases they'd not even hesitant to make some change to the smart contract.

having malicious authority in their smart contract as a dev is nothing out of ordinary either, many of them actually silently allow the minting and blacklisting which could be disastrous in the long run.

one should always look carefully in every investment the made in regard of meme coin since there just so many way to trick people.

[aksplace]

Pretty much the same like milady meme coin. It has been pumping so high due to the elon's tweet but it was going down so hard. it takes only a few days to make it goes to the bottom again and i guess if there are so many people who lose their life saving caused by they were investing in the meme coin. meme coin is only for the speculating purpose and it's not for the investment purpose. People don't understand it.

People should understand that elon posts have nothing to do with meme coins other than doge, many new meme projects quote from elon posts on twitter to influence investors, they also use symbols or photos from elon posts to link relations with meme coin projects, actually this is an old trick but many investors are deceived in that way and don't expect you to get high profits from meme coins.

[poodle63]

It seems like people will never try to stay away from elon's post. In my opinion that if it must be stopped. Elon was ruining people's live. He was making some tweet about meme tokens but people are caring so much about that.

People must try to stay away from there. Meme coin is not worth to be bought.

[merekamo]

Investing in meme coins can be a double-edged sword, as it has the ability to make you rich but can also potentially wipe out your profits. Now PEPE coins or PEPE Saudi appear again, or even more if we check one by one on Coinmarketcap. Sorry, I'm not interested in MEME coins, it is important to approach investing in meme coins with caution and not rely solely on hype or trends.

[Victorik]

That's the problem mostly with meme coin, they rely largely on the community around it to push, that's because they don't really have any utility, other than just buy, hodl and wait for a pump.
That's why for me, no matter how tempting it is I don't put too much in a meme project.

[adaseb]

During the hype about a week ago when gas fees were like >200 Gwei there were tons and tons of these new meme coins being released every hour pretty much. Anyway you wanted to call it like PEPE2 or PEPERONI or MILADY2, etc and most were massive rugs.

Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.

[isaac_clarke22]

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.

Dude, this inu and pepe hype is quite getting crazy, lol.

As much as I hate meme coins, I don't think that this kind of breed of "Shiba Inu" coin ain't gonna go anywhere. I heard plenty breeds of Inu already around crypto including Starlink and I am pretty sure those aren't hyped unlike before anymore, lol. Now we got another breed, I am not sure how long would this "inu" hype would go and how much more money would devs be willing to milk into this project.

Pepe almost went down by 7% around 24 hours and surely that's already an indicator for me to not to although I already mentioned that I would never invest in meme coins.

Better talk to your friend regarding his buy. It has been 3% downs since 24 hours.

During the hype about a week ago when gas fees were like >200 Gwei there were tons and tons of these new meme coins being released every hour pretty much. Anyway you wanted to call it like PEPE2 or PEPERONI or MILADY2, etc and most were massive rugs.

Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.

I am not going to be surprised if those three coins happened to be real.

[raidarksword]

We all know that memecoins are just hyped and it will not last long enough in the crypto market that's why holding it for long-term is not good idea at all because it's only a quick project scheme projects. Of course riding the hype and buying at the top is also not a good move as well. So, always get away from hype memecoins no matter what.

[kizlod]

Memecoins is just a gamble, nothing more. The only reason why PEPE became so big and so fast is because someone invested tons of money in promotion, it was all over Twitter at some point.

[Blitzboy]

I gotta say, your rundown of the meme coin circus is bang on the money, especially when it comes to investments juiced up by hype. They're like shooting stars - they blaze a trail, light up the night, then they're gone in a flash.

Sure, coins like Shiba Inu or Dogecoin make a strong case for the sway of community and market sentiment. But let's not forget, these aren't foolproof signs that a project's going to stick around or score big in the future. The LoveHateInu fiasco is a prime example of that.

The big challenge for investors is to sort out the real deal from the duds. When it comes to a meme coin, I'm with you on looking for a happening community, a solid reason for existing (if there is one), and a kick-ass development team. That said, I wouldn't advise treating these coins like your Bitcoin stash, given how they can swing wildly in value.

As for meme coins popping up in the Bitcoin block engravings, it's a technical marvel, no doubt about it. But I'd sound a note of caution for any eager investors. Today's "in" coin could be tomorrow's digital dodo in the blink of an eye.

[gurunanakji777]

I would say that Shiba has altered the landscape of meme-category cryptocurrency trading, causing traders and investors to become more daring by investing in meme coins. However, the truth is that making money through meme coins is not as simple as it seems. We are all aware that almost every day a new meme coin is launched, and some coins experience a surge in value while others quickly plummet. Consequently, the risk associated with meme coins is exceptionally high. Therefore, we should not be tempted by the excitement surrounding meme coins. I believe that only those who get in early may reap some rewards, but this does not apply to all meme coins.

[masulum]

-snip-
Therefore, we should not be tempted by the excitement surrounding meme coins. I believe that only those who get in early may reap some rewards, but this does not apply to all meme coins.

yup. Presale meme coins/tokens at pinksale are always the top trend every day. Those who take part in the presale or at the fair launch will get big profits, if the community succeeds in generating shillings for new buyers after adding liquidity to AMM. when the hype happens, those from pinksale will sell at least to tke the initial money, thus leaving a profit whether it goes up or down in their wallet. The rule always be same, If it goes up, they created FOMO with shillings on various social media, ifin  a few hours drop, they've managed to secure their initial deposit.

well, even during presale this meme sold out, as i say, its doesn't mean will be success. Take a profit while you can is better.

[bluebit25]

Story from myself with profit from shiba where I put $500 and made almost $40000 in a few months, but also lost that $40000 on various meme projects, like a money spin game and I finally found that when I looked at it like a game, I didn't care too much about what came next.
But unfortunately when I see so many people putting their faith with great personal wealth to pursue these types of games, I have never seen this as an investment but more like a gambling game, better than those who are new to this market don't let the growth numbers fool you with the greed that will make you rich quick.

[wajik-tempe]

You correctly point out that many individuals may buy in meme coins without doing extensive investigation, instead merely following the buzz or advice they find on numerous websites. This can be problematic since meme currencies are frequently based on excitement and conjecture rather than a firm basis or purpose. The size and participation of a coin's community can be indicators of its future success, but other aspects must also be considered. Lovehateinu is an example of a meme currency that underperformed following its listing. The absence of community support and consideration of the coin's purpose and utility, if any, may have anticipated the dismal performance.

[MiF]

We can invest in meme coin but an amount of money that we can afford to loss there are meme coins that also good but most of them are not as good as the coin that already been trusted, meme coin is double risk so we need to be careful on investing into it many people earn on some meme coin but there are so many losers also so be careful.

[FahriZah]

Meme coin is very risky coin and if someone's shout than the are earning huge profit from meme coin so keep in your mind about meme coin high risk and high profit meme coin only for risk taker.

[Wexnident]

This has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.

Standard marketing strategy. It isn't just these meme coins that use this, most marketing agencies pretty much follow the same format and while some do hold true, the majority of them are just words use to create buzz. Comparison is the biggest and easiest method to create an image of a new product.

About memecoins, that's just how they go. It's a risky investment that would probably flub in most instanced, wouldn't even call it an investment really. It's closer to a gamble, especially since you're betting not on the coin, but on how well it can be marketed (including artificial manipulation)

[Jackl87]

Shiba inu improved in the popularity of meme coin and pepe has rekindled that fire after its initial success, this has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.

I really dislike the whole meme-coin craze that is going on in the crypto space. I mean a few tweets of Elon Musk that were not even meant seriously were enough to start this meme-coin hype. I mean everyone has to admit that Shiba Inu made a lot of early investors very rich, but this only happens once every few years and between that there are 10000's other stupid meme-coins launching that are all scams, rugpulls or just dead again within a few days.
Just when i thought that the meme-coin hype was slowing down again PEPE came out of nowhere and now of course we have 1000's of new meme-coins launched every day that are named after Pepe. It is just crazy and absolutely stupid too. All those "projects" are just simple cash grabs and have no substance at all.

[SyndicateLabs]

This is understandable given that people are so easily lured by greed, flashy numbers and fanciful exaggerations that many newcomers to this market are really on. which I call negative in the market. Things that bring usability and solve problems in the market are still looking for opportunities, and many just want to profit from things they create to cheat users. Honestly, those who are new to this market may have to pay for those lessons, but I also hope they are strong enough to feel the lessons coming from this market.