Do not be pulled by the hype of meme coins

[maydna]

It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.

[AakZaki]

it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.

Investing because FOMO gives a lot of losses, they will enter at a fairly high price and then the price drops and continues to fall. those who enter at the end will get this loss. I even had an experience like this, lost a lot because of FOMO. this is also a psychological problem, when you see memecoin hype and it continues to rise, it makes you want to buy it, even though the price is already very high. You need to be vigilant and do another scan and make sure the memecoins are still worth buying, don't force yourself to always buy.

[Jocuserious]

it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.

Yes investing also a risky and to much for all newbies so don't try it without enough skills. Personally i am very unlucky for investment in new coin because there are many time i have been face scam project. Before year i was participate some project but i wasn’t taken any profits from there.

[Cling18]

it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.

Investing because FOMO gives a lot of losses, they will enter at a fairly high price and then the price drops and continues to fall. those who enter at the end will get this loss. I even had an experience like this, lost a lot because of FOMO. this is also a psychological problem, when you see memecoin hype and it continues to rise, it makes you want to buy it, even though the price is already very high. You need to be vigilant and do another scan and make sure the meme coins are still worth buying, don't force yourself to always buy.

Numerous investors have made it frequently. Despite the risks of buying late, many think they could potentially benefit from the success stories of early investors if they see or hear about them.
Many indeed have benefited from the hype of meme coins and took risks buying them despite their low potential but we should keep in mind that many have huge losses because of buying them as well, especially those who have fallen for FOMO. Of course, we all want to make a profit but we should always check on the risks and see if we could still generate profit once we take advantage of the hype.

[fvb]

To be honest, I don’t pay attention to projects of this kind at all and try to pass by. Not keen on the hype around the emergence of new memes, since they only live as long as the hype around them is created and the community of such platforms is interested in the hype.

[ElmedoRator]

They take advantage of greed to attract people to meme projects, especially when they see other people making substantial profits. But ironically, many people without the experience and knowledge of this market just follow others or share groups; the consequences are huge. So, do your own research and learn more from experienced people so that you can create your own opportunities when you find the gems. Although the market for this industry is very wide, the projects are numerous, but having your own advantage is really worth exploring to find these precious hidden gems.

[Jating]

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.

I guess we have issues a lot of warning before, not just for this cycle, but on the previous one about meme coins because if you look at it, there are not really any use case for this project expect hype and greed and money for the creator and the people behind it.

But crypto investors don't want to listen, like your friend did, because they thought it's a get rich scheme but it's not. The only people that will get wealthy here are those groups, and then the pump and dump schemes of individuals. So again, let this be a warning to others, there could be another meme coins, like Doge, Shiba and even Pepe that will suckered everyone to invest.

[Kelvinid]

It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.

That is the reality and people will take every single opportunity when it comes like this. But the question is why not? Besides, it was their decision, and can't deny that many people got it right and sell their meme coins in the right and earn huge amounts. Yes, but for beginners, this strategy seems not ideal for them, it needs to be smart in this kind of investment (hyped). The hyped project will keep on soaring high, gaining more attentions as it was spread more on social media and becomes popular today - meme coins do it.

[lixer]

What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.


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.

No matter how many times it is repeated, no matter how many people give the same advice to everyone, people will still keep investing in meme coins once they hear about them and that is because of greed. Who doesn't like to get rich overnight? But people don't understand that it doesn't happen to everyone but only to a few lucky people, and it is a gamble and not worth the investments made.

Generally, someone should learn from the mistakes of others if they can clearly see them, but meme coin investors don't follow that, they only learn when it happens to them and some even don't learn even after facing losses, they would still buy a new meme coin that comes up.

[Furious 7]

Actually there are some conditions where we really have to be realistic in this matter.
The memes and hype of making fortunes can be true but only a handful of people get that because most of the others mainly just follow FOMO and don't know what's actually being done is right or not because it's just a matter of believing in the hype it's clear they are people who will be trapped and become victims in this case.
I wouldn't say those who are in this kind of area with the hype and hit and run are the wrong people but in this case know your limits and don't just follow something you are not good at.
Don't just because your ambition to get rich instantly makes you forget your identity that you don't have the qualifications there. things like this are only done for those who already understand the situation, not for those who just follow along.

[TimeTeller]

It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.

That is the reality and people will take every single opportunity when it comes like this. But the question is why not? Besides, it was their decision, and can't deny that many people got it right and sell their meme coins in the right and earn huge amounts. Yes, but for beginners, this strategy seems not ideal for them, it needs to be smart in this kind of investment (hyped). The hyped project will keep on soaring high, gaining more attentions as it was spread more on social media and becomes popular today - meme coins do it.

Lucky for those who really gained in venturing the meme world as this is not a very sustainable investment.
However, not all of them got their profits as some are not lucky enough to sell their tokens while it is pumping in the market.
This is why exploring and holding meme tokens is quite risky because the lifespan is quite unpredictable.
Only few of them can sustain their market and improve their price thru time. Most will be in the downward movement.

[wheelz1200]

The views on memecoins is rediculous.  No one can tell me a project based on some joke that has no attainable goal with people piling theor money into it isn't rediculous.  Can people make money on it yeah but they are basically all ponzis.  None of them will last so eventually someone will be left holding the bag.  Greater fool theory.  Buyer beware..

[JeffBrad12]

it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.

Investing because FOMO gives a lot of losses, they will enter at a fairly high price and then the price drops and continues to fall. those who enter at the end will get this loss. I even had an experience like this, lost a lot because of FOMO. this is also a psychological problem, when you see memecoin hype and it continues to rise, it makes you want to buy it, even though the price is already very high. You need to be vigilant and do another scan and make sure the memecoins are still worth buying, don't force yourself to always buy.

usually when a meme coin is already being advertised so heavily by its fans and the price already up more than 200% then it means we are already late.
it's quite simple actually in determining which coin that has already almost reaching its peak, that's when the price is already going up so far from its initial price when it got listed in dex when first got its liquidity added.
because honestly any devs of these meme coin are just gonna bagging the coin first time and after that they just definitely gonna dump it.
i'd say, only invest if you're really sure that you're among the earliest, otherwise don't waste your money.

[Yatsan]

Meme coins are profitable investing upon its release or if possible before its release(depends on the potential of that particular meme coin). Not all the time, the msrket price would move upward the moment it is listed which would be a risk, the counterpart could also happen. If you did not manage to engage with presale, then think of engaging once the token is listed. If the market price have already 'peaked' then avoid buying with expectations of a higher market price. Most of the time the price would fall in an instant and would be hard to make a recovery. Meme coins have no utility therefore, its price sustainability would be difficult as well. Even with bullruns, the market price, due to huge decline, is not getting back to ATH unlike with major tokens of this market.

[Silberman]

it's okay investing in meme coin if we know that it's highly speculative, it's only becoming a problem when the one following invests pure by fomo, because most of the time they just gonna lose and regrets.

Investing because FOMO gives a lot of losses, they will enter at a fairly high price and then the price drops and continues to fall. those who enter at the end will get this loss. I even had an experience like this, lost a lot because of FOMO. this is also a psychological problem, when you see memecoin hype and it continues to rise, it makes you want to buy it, even though the price is already very high. You need to be vigilant and do another scan and make sure the memecoins are still worth buying, don't force yourself to always buy.

usually when a meme coin is already being advertised so heavily by its fans and the price already up more than 200% then it means we are already late.
it's quite simple actually in determining which coin that has already almost reaching its peak, that's when the price is already going up so far from its initial price when it got listed in dex when first got its liquidity added.
because honestly any devs of these meme coin are just gonna bagging the coin first time and after that they just definitely gonna dump it.
i'd say, only invest if you're really sure that you're among the earliest, otherwise don't waste your money.

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.

[anggoro manise]

I totally agree, even a lot of meme tokens are currently selling and even deceiving investors with their token sales, there are lots of them are massive promote in groups or on twitter.

[mich]

Well if the people at my work are going to talk about it then I must talk with them. Just not too long ago last month there was some people at my work asking me if they should invest in $Pepe and how can they buy some.
It is funny for me that they are not interest in investing in Bitcoin. But now they want to talk to me about a meme coin it has no real use for it and so much risk. Bitcoin I tell them is better to invest for long term profits but only interest in meme coins like this.
Because it is so cheap they think bigger faster profits. It is good thing they did not buy any of this meme coin they would have lost their fiat and maybe I am the one they want to blame.

[maydna]

It's normal that people are lured by greed because they have seen many people can earn a lot of money from crypto, especially from meme tokens, so they also want to try it. But unfortunately, this is not accompanied by a desire to find out more and only follow what influencers suggest so that they will find it difficult to make big profits. If they want more information, they can find hidden gems that can give them an advantage, and they also don't need to rely on other people's advice. For those who don't have enough experience and knowledge about the crypto market, it's okay because they can learn so they can understand it like other people.

That is the reality and people will take every single opportunity when it comes like this. But the question is why not? Besides, it was their decision, and can't deny that many people got it right and sell their meme coins in the right and earn huge amounts. Yes, but for beginners, this strategy seems not ideal for them, it needs to be smart in this kind of investment (hyped). The hyped project will keep on soaring high, gaining more attentions as it was spread more on social media and becomes popular today - meme coins do it.

The temptation to make big profits leads them to buy those meme coins, but without doing research, they will not get those big profits. It took some time to find an upgradeable meme coin after its launch, and not many of those meme coins did. So they must be careful in choosing meme coins and only use the money they can afford to invest in them. And usually, after the meme coin soars, the price will slowly decrease, making people panic and sell it immediately to avoid bigger losses even though they are already losing money. Hopefully, their mistakes can be a valuable lesson for them so they don't repeat them in the future.

[Solokan]

investing in meme coins is very high risk, but if you are lucky, of course it will make us rich, but it can also make us poor quickly, if we invest all our wealth in meme coins.

so basically we have to be careful when investing in meme coins, but if
we know about the science of investing in meme coins, of course there is no problem as long as we are ready to take risks.

[Rasa nanas]

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.