Craze for Meme coins never ends?

[LesterD]

He probably has everything it takes to take the risk of investing in a meme coin just because the logo was cute. There are only a few people who can probably do that because most of the people who invest in meme coins are being invited by someone they know and getting influenced by the possible earnings they can get if it pumps.

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[jrrsparkles]

People like the OP describes in his post are really lucky & I am happy for him. The problem is, people read the story in the media or whatever & think it’s easy for them to do the same. The fact remains that the guy described is in the minority. It’s like playing pin a tail on the donkey blindfolded sometimes trying to find a memecoin that does well. There are so many & sadly more people lose money than make big money.

That could also be a reason why we see such random stories on the internet, get more traction towards a project in creative ways but as an investor its our responsibility to assess the potential gains and if $100 is worth to lose for someone then they can buy 5 different shit coins for each 20 and if atleast one of the five hit then the returns could be 2000 but it doesn't mean there is any chance that 1 of the project will become successful even if we invest on 5 different projects.

[Taskford]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

To lucky for him to earn a lot from what he think got a cute logo but this incident will not always happen to anyone. Maybe he's just lucky at that time but for sure he would provably take a hard time to seek for another token that can give him the same profit.

That's why we should not easily believe on this since each result will be different since its hard to follow what those people earned especially if these coins usually come and immediately go once they already take a lot of money from people invest on their platform or tokens.

This is not the first time it happened but for so many meme coins exist or continuously launched by devs we don't know on which of them will pump the same with other meme coins since for sure investor doesn't know on which are the tokens could possibly bring them a lot of profit the same of what OP highlighted on the topic.

[kentrolla]

It's good to see how people get 100x unexpected completely out of blue but it doesn't show the devastation which is followed because whenever we see any meme or shit coin growing 100x in value we see people flock in to invest on those coins like sheep and end up losing it all. It's pure gambling I would like to stay away as already learnt the lesson hard way and I suggest others to avoid investing any particular meme coin just because someone got lucky. Before investing into meme coin just check the total number of meme coins and how they have fared till date.

[jrrsparkles]

This is not the first time it happened but for so many meme coins exist or continuously launched by devs we don't know on which of them will pump the same with other meme coins since for sure investor doesn't know on which are the tokens could possibly bring them a lot of profit the same of what OP highlighted on the topic.

Absolutely, it is a pure gamble but with little bit of insight and analysis there is less chance to predict the outcome of it for the short term and that is what some bump and dump investors try to succeed and its not really for everyone and this shouldn't be a primary focus for the retail investors.

[AnonBitCoiner]

It is common with altcoin that occasional they show huge pump and invested amount of all holders expands but such situations are not guaranteed always. Due to FOMO crypto users often selected such coins but they become disappointed when they see their money lossing its value as the time goes.

If you invest in meme coin then either you loss whole money or the Meme coin coin be visible as a high demanded coins which furnish high yield. It is correct information that putting money into meme coins is just like a gambling which win or loss is just unforeseeable. If you are looking towards a coin in which you can earn money then don't put your money in meme coin but bitcoin will intensify the avail through investment.

[batang_bitcoin]

DR; That can be a made-up story to get more attention to that meme coin. But I also know stories like that are the same in the past that are genuine. I have no guts unlike this guy to invest $1k in meme coins. He probably has this money as spare and willing to lose. Who's going to invest in unknown meme coins? Well, anyway this season is like whatever you buy seems goin' to make you money even with random meme coins. Still, I'd play safe and won't do this.

Exactly what I see here mate, because random people claim to be earning this and that but
ended nothing but a made up stories, how many of this have we seen over the years even in ICO/IEO times
this is happening , this is also the reason why I never trust any Memecoins now aside from Dogecoin and
Shiba-Inu that i have vested recently but take out my coins now.

Not just one time I've seen something like this but a lot of times. They claim that they are early investors but what seems to be unbelievable is that, with great amount, knowing that these are shitcoins and meme coins, do they really think that with such amount people are going to invest randomly on them? Anyway, they really are risk takers if they are this type of investor that looks into these projects and invests a lot of money that can multiple a lot.

[Bushdark]

He probably has everything it takes to take the risk of investing in a meme coin just because the logo was cute. There are only a few people who can probably do that because most of the people who invest in meme coins are being invited by someone they know and getting influenced by the possible earnings they can get if it pumps.

Investing in cryptocurrency projects is very risky and we need to take proper calculations so that we don't end up putting money on the wrong projects. There are many meme projects in the market we can make money from without much time. The way meme project are skyrocketing these day is very amazing. The little bull market that bullishly shoot Bitcoin to $44k was responsible for the bullish move of meme coins in the market. There are profits to be made so we must be ready to take risks in the market.

[$crypto$]

I read this news yesterday about someone going from $1000 to $100K. That's crazy.

I'm sure he gambled like a gamble with $1000 on a meme coin that he was probably ready to lose but who would have thought because of the hype on Solana that this token increased 100x and it's hard to imagine how this happened so it can be said that he was very lucky to put a coin on the right meme coin during the hype.

Who here is willing to risk $1000 just like gambling on meme coins? I think I would think twice, but that person probably has so much money that $1000 is nothing if it's lost, for us it's quite big and we wouldn't be able to do it because of the high risk.

[electronicash]

DR; That can be a made-up story to get more attention to that meme coin. But I also know stories like that are the same in the past that are genuine. I have no guts unlike this guy to invest $1k in meme coins. He probably has this money as spare and willing to lose. Who's going to invest in unknown meme coins? Well, anyway this season is like whatever you buy seems goin' to make you money even with random meme coins. Still, I'd play safe and won't do this.

just what i thought too. the marketing never ends in just launching a memecoin but having made up stories that made some random investor make $100K out of $1k could mke someone also dream of it. the new memecoins are the last thing i would get into but would rather be gambling on the old ones that have already tested the bull and bear season.

i made a good profit as well with doge but at least this memecoin is very much known to every crypto user, unlike that WFT memecoin that even SOL holders are unaware of it. BONK is more popular and holders are even taking profit already.

[Dr.Bitcoin_Strange]

When Dogecoin got developed, people took it for a joke, and it was a near-worthless coin and was even given off during some random airdrop, but later years it pumped. The same thing happened with Shibainu, which later pumped and gamed some 100-1000x profit on their investment, but despite all those events, no one actually knew that Doge or Shiba would pump the way they did. If everyone had been aware and informed beforehand, then mostly everyone would have invested and made the same huge profit, but the thing is that it's not everyone that can get lucky with altcoins and altcoins investment is very risky because you could end up losing your money.

[batang_bitcoin]

DR; That can be a made-up story to get more attention to that meme coin. But I also know stories like that are the same in the past that are genuine. I have no guts unlike this guy to invest $1k in meme coins. He probably has this money as spare and willing to lose. Who's going to invest in unknown meme coins? Well, anyway this season is like whatever you buy seems goin' to make you money even with random meme coins. Still, I'd play safe and won't do this.

just what i thought too. the marketing never ends in just launching a memecoin but having made up stories that made some random investor make $100K out of $1k could mke someone also dream of it. the new memecoins are the last thing i would get into but would rather be gambling on the old ones that have already tested the bull and bear season.

i made a good profit as well with doge but at least this memecoin is very much known to every crypto user, unlike that WFT memecoin that even SOL holders are unaware of it. BONK is more popular and holders are even taking profit already.

This is the other way of marketing although this is no longer new to the scene but many projects are attracting ignorant people about this. They'll make good story that they've bought it too early and now they've earned thousands, hundred thousands and millions. It's funny when you understand it although some fact may be on it but in general, this is nothing new and everything is all about hyping the project itself and that's why if you're going to be dependent on these news and experiences, you need to be careful.

[Johnyz]

The hype will always be there with meme coins and it may never ends as its consider as a seasonal token. Now that the market is rising, I’m sure the hype will be present again though of course not all meme coins have the same faith because some is a scam project and this is not new anymore with the meme coins.

We know the risk of this one, and we know how the hype works. Don’t over confident about meme coins, if you are already in profit better to sell right away and enjoy your profit. Usually, small meme tokens are not good for long term, so make sure to analyze and do your exit as early as possible.

[TimeTeller]

The hype will always be there with meme coins and it may never ends as its consider as a seasonal token. Now that the market is rising, I’m sure the hype will be present again though of course not all meme coins have the same faith because some is a scam project and this is not new anymore with the meme coins.

We know the risk of this one, and we know how the hype works. Don’t over confident about meme coins, if you are already in profit better to sell right away and enjoy your profit. Usually, small meme tokens are not good for long term, so make sure to analyze and do your exit as early as possible.

The common dilemma here is that you don't know which meme project will give you good profits.
As they are subject for pump and dump scheme, you won't know which one will exit the game.
Most are in disappearing act without prior warning, hence, it is hard to keep this type of investment for so long.
The hype will always be here as people are continuously supporting these projects for the idea of getting rich quick.

[Beparanf]

The common dilemma here is that you don't know which meme project will give you good profits.
As they are subject for pump and dump scheme, you won't know which one will exit the game.
Most are in disappearing act without prior warning, hence, it is hard to keep this type of investment for so long.

Exactly! The only entity who benefits on this meme coin craze are those influencers shit and trading signal providers that buying early meme coins before they share it to their followers and subscribers to pump the coin. Normal trader that following signal are the one gambling on meme coin investment while those influencers is benefiting on their money because they letting them to do that with them.

Meme coin is the easiest scam scheme nowadays since traders knew its a pump and dump yet still buying for chance to hit an easy x100 profit on a 100+ investment attempt on different meme coin.

[Rengga Jati]

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This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

It seems that the era of meme coins is still not over... In fact, we are seeing more and more new meme coin projects which are always experiencing extraordinary hype and FOMO. It cannot be denied that the desire to get high profits from this meme coin is really big and makes investors flock to look for new projects that are likely to be hyped again... and usually, that doesn't last long. If some investors, especially the development team, have received high returns, then everyone is prepared if the project might soon go bankrupt. Therefore, if there is an opportunity to take profits, just take profits straight away. Instead of having to take risks that are too big, why don't we just focus on top coins which do have extraordinary upside potential? Compared to various shit projects that have been hyped up to now.

[goaldigger]

The hype will always be there with meme coins and it may never ends as its consider as a seasonal token. Now that the market is rising, I’m sure the hype will be present again though of course not all meme coins have the same faith because some is a scam project and this is not new anymore with the meme coins.

We know the risk of this one, and we know how the hype works. Don’t over confident about meme coins, if you are already in profit better to sell right away and enjoy your profit. Usually, small meme tokens are not good for long term, so make sure to analyze and do your exit as early as possible.

The hype are the only reason why meme tokens are still coming back in the market and they are actually making a lot of money here. We know that meme token didn’t last longer and only few can give you a 100x return, so the risk are high but if you are lucky enough you might find a better project that can actually give you enough profit. Personally, I’m not into new meme tokens, I’m already ok with DOGE and SHIB.

[poodle63]

It's good to see how people get 100x unexpected completely out of blue but it doesn't show the devastation which is followed because whenever we see any meme or shit coin growing 100x in value we see people flock in to invest on those coins like sheep and end up losing it all.

arguably, there are some meme coin that spared from suddenly vanishing into thin air even though it has reached that massive height of price, even right now the likes of PEPE and SHIBA INU are still unscathed despite the fact that so many time has passed, therefore if its like BONK that increase out of the blue and make people rich right and left, I think the price will not change that much in the future unless people just decided to dump this coin into oblivion unison then the price will fall.
I think this is the advantage of investing in these meme coin that are having massive supporter and community that kept growing, different with other meme coin that just created because hypes using some random trendy name for the sake of marketing which obviously just gonna be vanishing into thin air in the future.
though I don't advice on investing meme coin, in my opinion the risk is too much for me i would more likely settle with the less risky investment instrument.

[btc78]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

this person just got really lucky most memecoins are hyped but then the price does not go up ever again but i guess this is what’s good with memecoins being very trendy and appealing to the audience garners more possible investors even those who have no knowledge of how to properly invest

[Wexnident]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

Why would it? Meme coins, and someone behind it wanting to manipulate other newbie traders and profiting would always exist. If you were to even try to find these types of coins you'd probably run out sooner rather than hit something like this guy. Don't enter into meme coins expecting the same 100x profit they had, most of it is just luck or it's a part of the teams scheme to pump the coin itself.

Regardless of his true goals, what the man said about buying the coin cause the logo was cute or any other dumb reason should be followed really. Stop buying meme coins to profit, buy them cause the logos are cute. That way you don't buy nonsense coins all the time with the purpose of profiting, which in most cases, is pretty much no purpose at all since they're all, well, memes.