Meme Coins Question?

[GreatArkansas]

  Well, honestly, meme coins are okay to do trading activity to get profit in this industry. If you understand the movement in the crypto space, there is no problem, as long as you know and understand the ins and outs of the crypto space.
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I agree with this. Some meme-coins are created just to make money on newbies or new money. There are a lot of people who are riding with this together, so if you are lucky enough to do a ride-along, you can make good money also.
For me, just don't marry these meme-coins, and don't forget to take profits.

[Publictalk792]

That's true. Investments in meme coins aren't less than gambling because you know that you are buying a coin that isn't backed by a proper project, it doesn't have much to offer to the community because it doesn't serve any purpose, and the only way you can get some profit if the coin manages to get enough attention and hype within the market and in case that doesn't happen, the few million coins that you've bought will just sit idle in your portfolio.

So, those who invest in meme coins already know the risk, and if some don't know, the research can only educate them about the risks involved with the investment and then if they are okay with it, they will go for it or simply change their decision and invest the money in another altcoin instead.

You are right in your confession that meme coins are like gambling. Before investing in them it is important for investors to know the risks. Meme coins usually do not have a strong project foundation and may not be valuable to the community. Their success depends on market attention and hype which can be unpredictable and shortlived. So always be careful before investing. Many are their which are just making hype and getting more people for investment. After that we see a big dump and people will lost money. So always invest that amount which you can easily afford and if you lose that money so it doesn't effect on your personal life.

[Mpamaegbu]

Just a few observations:

Top 100 market cap probably won't do 10X in hours, the 100th have roughly half billion of capitalization, if you multiply by 10 it become 60th, not feasible. To reach 10X, or even 100X it is necessary get top 1000 market cap.

Your observation on that is apt. Marketcap is very important. It's the second thing I look at besides max supply of any token, that's also throwing in utility. I encourage anyone who's taking a risk with altcoins to do so. Make a calculation of what you expect, an achievable calculation, and then choose the altcoin that can fulfill that. We shouldn't be greedy in our expectations.

Those low cap coins can only be traded in DEX, get used to Uniswap and related and prepare for a lot of rug pulls.

I thinks it's more difficult getting rugpulled on ETH based projects than on BSC projects. If anyone must plunge into a risky environment like investing in newly created tokens, they should consider more of the ETH enclave projects. For me, I've paid the price of severe loss and ain't scared anymore diving into any chain to seek investment. Profit and loss are the main nature of cryptos. Anyone going into it shouldn't forget that. We shouldn't keep a one-sided mindset that we will always make profit. We should think of the possibility of loss more than we think of profit. That way, we will be prepared to invest only what we can afford to lose.