Do not be pulled by the hype of meme coins

[bettercrypto]

You know the truth, what happened with Pepe coin has inspired many people to buy meme coins in this era. Many people will hope and think that they will get rich from meme coins. If the Shiba just started for fun and later became serious about cryptocurrency, then Pepe coin was even more cruel than the Shiba Inu when it first started.

       Because in a short time it was immediately included in the list of Binance exchange, which we know that Binance is known in the field of Bitcoin exchange or altcoins. If during the Bear market, Pepe coins aroused and captured the attention of the majority of the community in the industry and was immediately adapted by well-known exchanges in a short period of time, what about the bull run if it happens, it will be able to rise even more by Pepe coin in the future.

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[|MINER|]

Once upon a time the hype of meme Coin made me want to invest a lot, but now it doesn't anymore, I have now learned that investing in Meme Coin and gambling are almost the same after going through tough times. Currently I am thinking a lot about to invest on Alt-coin where the meme coin are far ahead to talk. In my own personal opinion I think investing in bitcoin will be best for earn a clear profit and specially on the dip condition. In this case long-term investment will be more beneficial. And specially this is more fact for me the security here at least you don't have to worry . So stay away from the memecoin.

[irsykes]

the key to investing in meme coin is really we have to buy sooner after the project launch, it's like a bounty race if we are late to buy be prepared to see a dump price. if there is no second new ATH and the price results down to -60%, -70% it is again very difficult to return to the initial price or create a new ATH just waiting for the coin to lose volume

funnily enough most of meme coin nowadays that are new that already hits all time high will never get to the same level, maybe because these coins are kept being generated that the capital always moving from one place to the another.

It is not because they keep generating tokens but it is because the hype gets over and the community moves on once they see the dust has settled. Meme coins don't have any value of themselves because of their own existence or because of any utility they provide, they get a value only because of the hype generated by the community which rises trading volumes for the meme coins and then they start gaining value.

As soon as people stop buying and those who bought at the end start waiting for the price to go up, it starts dropping from that point because volumes start dropping and without buying pressure meme coins are nothing.

yes that's why meme tokens can't live long term and people who understand coin memes won't hold long term because they make very short term investments. and very rarely token memes are destined for the long term, only shiba survives. actually meme investment is very rare to become a treasure and even then it's just luck.

[Xal0lex]

-snip-

You are drawing the wrong conclusions by citing your own purchase as an example. The correct conclusion is that there is no need, amidst the hype around one well-known project, to enter into other similar projects. Memcoins never grow without proper manipulation and proper marketing. The case of pepe or shib tells us that there was a good budget, marketing, and support from certain figures in the cryptocurrency world to promote these tokens. These are qualities that other memcoins don't have, but for some reason people hope that if they buy some similar memcoin, it can behave as well as its known counterpart. That's the conclusion you should draw when you lose money on a memcoin nobody knows about.

Plus being hyped that someone which is known and popular like Elon. We arent that blind on how Pepe and Shib or even Doge did make out that significant increase into its price for how many folds just because we know that Elon did really make out some tweet about those coins which we know that this market is really that highly reactive when it comes to this on which it isnt really that surprising.This is where people are really that a
fan on dealing with meme coins on which they do really have that kind of hope deep inside that it might really be that hyped by someone and make  out those x100 or x1000 or more. This is why on the time that theres
some coin which is really that good when it comes to marketing and does really have that kind of hype, then people would surely be diving in and having that kind of hope. Its meme coins which doesnt have that
utility and this is why its really that risky when it comes to long term holds and if ever you would really be having plans on dealing with it then it would really be better to go for short term trades on
which on the time that you do see gains then better pull it off directly before its too late. Pump and dumps is the usual scheme.

The whole point is that even many conventional altcoins, which have capitalizations of hundreds of millions of dollars, also have nothing useful, but they do not behave the way memcoins do. They can live for years and rise in value and fall organically, without extreme behavior. I'm talking now about all sorts of clones of various ETH, BNB and other well-known projects that parasitize on ideas that have already been implemented. The problem with memcoins is that they force a huge number of people to buy at the very highs and after that there is a sharp dump. Very few investors have the opportunity to buy memcoin at the very beginning, but the usual altcoin to buy in this way is still possible, and this possibility is much higher.

[justdimin]

i'd consider getting pulled by the current trend of meme coin is fine though so long it's fair game where there's no manipulation and some rugpulls, it could be good opportunity, but regardless though, it requires knowledge in investing in meme coin anyone without sufficient knowledge should avoid investing.

Yes, it could be a good opportunity if you are that lucky to ride the wave on time but what if the opposite thing will happen? Where everything fell into pieces as you did not properly predicted what could happen in the future. See, that's what we should think about because the money we're putting here is not any joke as it came from the fruits of our labor in which we did not picked in an easy manner that we could just invest anything we think of without having any second thoughts.

Investing towards meme coin(s) does not really need a vast experience and knowledge about it, you just have to know the basics because you surely cannot predict where will the whales start to move as you're not in their inner circle where you can always ride the wave on time without risking anything. And you don't have to be that smart to know that it is not really advisable to invest towards it.

Yeah, this is too on meme projects and people are forgetting that there were people who bought doge at 50+ cents as well. I mean sure if you bought at 3 cents and sold at 70 cents that's a profit you would not see these days and that was a great period and congratulations for doing that. But, the people like me who are against meme projects are not people who lost their money, in fact I didn't had any doge or other meme project token for the past 5 years at all, so I made zero loss on them.

Still, I try to warn people because I have seen too many people on telegram that ended up buying at 50+ cents due to the hype, everyone talked about how easy it was to get rich, and how they got rich thanks to doge so others joined, and they lost all they had. This is I warn people against.

[JayTrain]

Meme coins have gained significant popularity in the cryptocurrency space, driven by hype and speculation. While some meme coins have seen success and generated substantial returns for investors, it's important to approach them with caution. The volatile nature of meme coins makes them high-risk investments, and their success heavily relies on factors like community support and market trends. Thorough research and understanding the project's purpose, community dynamics, and potential use cases are crucial before investing in meme coins. It's also essential to be mindful of the risks involved and avoid blindly following trends or recommendations without conducting due diligence.

[Doan9269]

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

following FOMO on memecoin is a very bad thing, because if we buy memecoin at a price that has increased to 20% or even 100% more of course it will be a disaster for you,
because memecoin is very easy to pump and dump, imagine if you were stuck in memecoin I'm sure you will feel frustrated.
just avoid memecoin even though it's hype, but if you want to follow it then make sure you use capital that you think is a little.

The truth is that if you're to buy a memecoin, don't get in when the market is already hyped or pumped because any moment from then may leads to bear moves and it begins to come down as well thesame way it went up and if care is not taken that you also didn't sell to release them quickly, the coin may go completely down and never rises again especially during the time it large percentage investors withdraws their investment on it.

[sparkolabs]

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)...

Buyers are currently facing confusion regarding the true meaning of DYOR (Do Your Own Research). Altcoins employ various strategies such as KYC, SAFU, influencers, Twitter and Telegram bots, paid high points on DEX, and CEX listing poor coins.

My perspective: Seek out projects in incubation that aren't reliant on influencers or hype. Join communities early, engage actively, ask questions, and observe closely. Invest only what you can afford to lose and remain vigilant. Don't rely on followers/subscribers count.

Bonus: Trust teams with exposed profiles (e.g., LinkedIn) and assess their past activities.

[sparkolabs]

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

following FOMO on memecoin is a very bad thing, because if we buy memecoin at a price that has increased to 20% or even 100% more of course it will be a disaster for you,
because memecoin is very easy to pump and dump, imagine if you were stuck in memecoin I'm sure you will feel frustrated.
just avoid memecoin even though it's hype, but if you want to follow it then make sure you use capital that you think is a little.

The truth is that if you're to buy a memecoin, don't get in when the market is already hyped or pumped because any moment from then may leads to bear moves and it begins to come down as well thesame way it went up and if care is not taken that you also didn't sell to release them quickly, the coin may go completely down and never rises again especially during the time it large percentage investors withdraws their investment on it.

I've witnessed the unfortunate reality of projects being rug pulled within just 30 minutes, even after developers claim to renounce ownership. Through my experiences, I've seen both sides of the coin.

What has been working for me lately is this: If you're interested in a meme coin, make your entry within the first two minutes, or avoid it altogether.

[Rampagoe004]

No one is successful on meme coins. Nobody is rich because they have invested in meme coins. There are those who are lucky to get results up to tens of times. Many of the meme coins take advantage of the hype and community. There are no recent innovations in it.
I see that their prices are hitting ATH simply because their community has grown. And when their community gets too big, then I'm sure the meme coin won't grow any bigger. And when their community gets bored and sells meme coins, their prices drop and fall. Trustme !

[|MINER|]

No one is successful on meme coins. Nobody is rich because they have invested in meme coins. There are those who are lucky to get results up to tens of times. Many of the meme coins take advantage of the hype and community. There are no recent innovations in it.
I see that their prices are hitting ATH simply because their community has grown. And when their community gets too big, then I'm sure the meme coin won't grow any bigger. And when their community gets bored and sells meme coins, their prices drop and fall. Trustme !

I think it would not be 100% correct to say that no one has been successful or gained profit from meme coin. From my own experience there are many people who have made huge profits from meme coin. But to be honest its number is very limited. And besides, it is best to avoid meme coin due to its high risk. Most people out of 100% face losses while investing in this meme coin. And for those who gain profit, if they do not take the right action at the right time, then it does not sustain. So it is better to make a long term investment rather than investing in meme coin, and it must be in a top currency.

[Victorik]

Only a novice will fall for the schemes of some of these people promoting these meme coin. They are paid to do this just to lure people into investing in it.
The crypto world in general is very risky, but investing in meme coin is what you will need to sit down and think hard about before jumping into it.

[Questat]

Only a novice will fall for the schemes of some of these people promoting these meme coin. They are paid to do this just to lure people into investing in it.
The crypto world in general is very risky, but investing in meme coin is what you will need to sit down and think hard about before jumping into it.

Not only newbies mate but also even old investors are participating in the hyped because it is to admit that this kind of investment seems profiting if you can make it perfectly especially if you are an early investors who buy them at a cheap price and then sell during its peak.
Well, you are right about crypto investment being too risky and that is why I don't encourage people to join here unless they will understand the nature of the market and most of all if they are risk-takers.

[Marykeller]

I have never considered memecoin to be the kind of investment where someone can make and then profit from. Every time I hear about the hype around memecoins, I choose to ignore it since it will pass quickly and people who invested out of FOMO will held themselves responsible for their poor decisions in investing in memecoins.

Investing in memecoins is a high-stakes game where you can't be certain of its price tomorrow, whether its value will decline into nothingness or be dumped by its early investors or owners when there are profits because they are the ones who have a significant amount of memecoins and even purchased at its low price.

[JeffBrad12]

No one is successful on meme coins. Nobody is rich because they have invested in meme coins. There are those who are lucky to get results up to tens of times. Many of the meme coins take advantage of the hype and community. There are no recent innovations in it.
I see that their prices are hitting ATH simply because their community has grown. And when their community gets too big, then I'm sure the meme coin won't grow any bigger. And when their community gets bored and sells meme coins, their prices drop and fall. Trustme !

Im gonna be disagree on that one, quite many people are getting rich out of it, even the recent meme coin that gets shilled by elon, there are some that invests early and turning around their money
from some investment of $50k into 1 million,i'm gonna say that's quite successful investment right there.
it's better to say that the amount of those that become rich out of it are significantly fewer than those that lose their money, but still regardless there are many that become successful out of it.
and usually they are the early birds of investing in these meme coin, sometimes i wonder why they are so good at investing in meme coin at early.

[Victorik]

Only a novice will fall for the schemes of some of these people promoting these meme coin. They are paid to do this just to lure people into investing in it.
The crypto world in general is very risky, but investing in meme coin is what you will need to sit down and think hard about before jumping into it.

Not only newbies mate but also even old investors are participating in the hyped because it is to admit that this kind of investment seems profiting if you can make it perfectly especially if you are an early investors who buy them at a cheap price and then sell during its peak.
Well, you are right about crypto investment being too risky and that is why I don't encourage people to join here unless they will understand the nature of the market and most of all if they are risk-takers.

In a way you are correct. I think recently I have some crypto OGs complaining of falling scam for a particular scam meme coin. They did their home work, crossed their ts and dotted their I, yet they still lost their funds.
The thing is on this space, you can never be careful enough.

[newdevices]

Only a novice will fall for the schemes of some of these people promoting these meme coin. They are paid to do this just to lure people into investing in it.
The crypto world in general is very risky, but investing in meme coin is what you will need to sit down and think hard about before jumping into it.

With little experience I think investing in meme coins is too risky,
it's the right option and better invest top coins like Bitcoin or Ethereum it's much safer,
Beginners need to learn from other people's experiences.

[rhodelmabanal]

I never try to invest in meme coin even of it is in hype i dont really invest into it, because meme coin is a very high risk coin that can  give you a headache i saw a lot of people that says they earn in meme coin maybe they are a risk taker they earn because they take the risk they are lucky that is why they earn, if there are people that earn there are also so many losers on meme coin  so be careful.

[Doan9269]

I never try to invest in meme coin even of it is in hype i dont really invest into it, because meme coin is a very high risk coin that can  give you a headache i saw a lot of people that says they earn in meme coin maybe they are a risk taker they earn because they take the risk they are lucky that is why they earn, if there are people that earn there are also so many losers on meme coin  so be careful.

It's not when the hype is high on thie coins that we should go for them only, It's more safe to invest on memecoins than memetokens for those interested in some altcoins investment, but yet the research have to deepens, but just as you've said that the risk is too heavy for you to bear and makes ot more difficult for you to try investing in them, also you're right because as some are earnings many are also loosing depending on the coin they have invested.

[fzkto]

I never try to invest in meme coin even of it is in hype i dont really invest into it, because meme coin is a very high risk coin that can  give you a headache i saw a lot of people that says they earn in meme coin maybe they are a risk taker they earn because they take the risk they are lucky that is why they earn, if there are people that earn there are also so many losers on meme coin  so be careful.

It's not when the hype is high on thie coins that we should go for them only, It's more safe to invest on memecoins than memetokens for those interested in some altcoins investment, but yet the research have to deepens, but just as you've said that the risk is too heavy for you to bear and makes ot more difficult for you to try investing in them, also you're right because as some are earnings many are also loosing depending on the coin they have invested.

Are there many meme coins to invest in? I know only dogecoin. All other coins that have had a high hype are tokens. I don't think there is much difference between a mem token and a mem coin. Both don't make any sense. If all altcoins are shitcoins, then meme coins are even more shitcoins.