Craze for Meme coins never ends?

[GreatArkansas]

Memecoins is really high risk, high reward right now. So just be careful, anything could happen especially since we  are in the volatile part of the market right now.
Memecoins is great, I already made some profits from it but I also lost some.
What I can say is if you just hunt some meme coins, make sure to take profits because it's difficult to prediect when they will dump.

[el kaka22]

I feel like it is going to end, maybe not quickly and maybe not right away but I am pretty sure that it is going to end up being gone eventually one way or another. It is not an easy thing to handle and it takes time to be good at it, and meme coins do get hype still to this day, but it won't be forever.

Like for example, in 10 years time (will be done before that) can you imagine people still being obsessed about these things? I am pretty sure that it is going to be quite alright and not going to have this type of thing at all. I hope that people can fix all of this, but I do not think that it is going to be all that right, it is going to take a while and not be that simple. This is why we need to just be patient and wait it out.

[Pandji02]

I think it might end someday. Memecoins are just in trend now. And trends are dying at some point.

[Kelward]

This is how investors fall into this trap by mainstream media, people will now read this article and think that meme coins can make their dream of financial independence come true. They will now start investing in meme coins not realizing that only a few can make such gains, after losing their investment they will go out and talk negatively about cryptocurrencies. It is a never-ending cycle of deceit and scammers are the first to utilize this opportunity. They would create fake smart contracts of the trending meme coin to which a few intellectuals would invest and lose their money.

I'm really grateful to the sincerety of members in this forum for calling memecoins what it is, that most are scams, so newbies will take note and be aware before deciding to buy them. These constant reminders and shared unpleasant experiences of members has made me not to consider investing in any new projects, right from my newbie days till date, because I don't have enough funds to gamble with. The craze for meme coins is there for high risk takers who can gamble their money for high profits on a very short time, not for people who are prepared to wait on the long term for cryptocurrency that'll surely give ROI in bull runs.

[OrangeII]

Well, this is the reason why people still invest in meme coins. They don't really know when their money is really very high. Maybe he didn't expect much about the investment he made in the meme coin, but when the price rose, he might be surprised to have made a lot of money. I think, because of this, people might try to invest in meme coins even for very small values.

[Marvelman]

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are.  But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun.   

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it.  But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any.  Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance.  but maybe just maybe. and... one makes it to the moon on adorableness alone.  Hey, crazier things have happened in crypto before.  At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

[cabron]

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are.  But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun.   

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it.  But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any.  Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance.  but maybe just maybe. and... one makes it to the moon on adorableness alone.  Hey, crazier things have happened in crypto before.  At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Why not. We have been seeing the rise of different Memecoins already for the past few weeks and the volume keeps going up, they can't be wrong about them because the market cap reaches more than billions.

But I would also advise them to simply just sell when the time comes. I'm sure they have done their homework too so it is also a race to dump those memecoins before those shitcoins hits the fan.

[kentrolla]

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are.  But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun.   

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it.  But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any.  Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance.  but maybe just maybe. and... one makes it to the moon on adorableness alone.  Hey, crazier things have happened in crypto before.  At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Mate, this makes zero sense and people want to earn real quick that's why they invest into meme coins as few memecoins had crazy pump wherein the rest has been disastrous. I am not a fan of this concept and I can never agree that people invest for fun or because it's cute because only a noob can do it.

[justdimin]

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

Ever since the term meme was invented, we also can't stop seeing new memes that spawn from time to time. Their origin have came from a trending post or news. Meme coins in crypto will just ride them as well. But it wasn't only done for entertainment right now, but more in the profit side.

The meme coin Bonk was actually trending last time but right now, I think its hype is slowly fading. No wonder why you only saw a 60% increase there from the former I think over 100% or more than that. But, 60% was still nice. Haven't heard about the new one that you mentioned but I'll be careful about it for now. I'll wait for more signs first if it's truly the next one in the spotlight.

[jrrsparkles]

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are.  But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun.   

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it.  But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any.  Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance.  but maybe just maybe. and... one makes it to the moon on adorableness alone.  Hey, crazier things have happened in crypto before.  At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Spending $50 to buy a doll is more worthless than buying meme coins for $50 and if the person is lucky it can give crazy returns but dolls won't do anything other than just constant starring.

But the thing is if someone invests with the expectation of making a fortune will be disappointed and someone with no expectation can enjoy if there is any returns.

[lalabotax]

Well, this is the reason why people still invest in meme coins. They don't really know when their money is really very high. Maybe he didn't expect much about the investment he made in the meme coin, but when the price rose, he might be surprised to have made a lot of money. I think, because of this, people might try to invest in meme coins even for very small values.

Indeed, this often happens to investors who want to put their money in meme coins. There are several people who are quite experts in investing in meme coins. where it's like they're sacrificing several dollars to invest in pre-sales, so they can get lower prices and get bonuses too. The next thing they do is how to help make the project hype. so this is what will make the meme coin skyrocket. then they can get take profits at the right time. and gatcha, they got it.

Then what about the others? Meanwhile, for people who are new or don't understand the cycle, they will only become victims. Many newcomers have become victims of the hype about meme coins. However, until now, meme coins are still interesting for newcomers to look for. because they are very easy to deceive with various misleading sweet promises.

Remember, meme coins are high risk, no matter the concept. they are high risk. watch out.

[kamvreto]

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

Ever since the term meme was invented, we also can't stop seeing new memes that spawn from time to time. Their origin have came from a trending post or news. Meme coins in crypto will just ride them as well. But it wasn't only done for entertainment right now, but more in the profit side.

The meme coin Bonk was actually trending last time but right now, I think its hype is slowly fading. No wonder why you only saw a 60% increase there from the former I think over 100% or more than that. But, 60% was still nice. Haven't heard about the new one that you mentioned but I'll be careful about it for now. I'll wait for more signs first if it's truly the next one in the spotlight.

It is commonplace for memecoins to experience hype at the start and then fade, all coins are like that too. Bonk is hype too because Solana is also hype and is rising in price and the project is quite successful and those who use the Mobile phone saga get free Bonk. For those who want to enter, of course you have to be careful, because the current position is no longer safe, there will be a big decline when Bitcoin starts to correct.

[Wiwo]

How can we prove this story as anyone can easily make that story up,  but sure many coins can give you tremendous profits in the short term and that is why they are taken as gambling and nothing more than that,  and some of them are just planned pump and dump tokens at some point and if the investors are not smart enough he may lose out on the wave of the project and also ensure loses.

So now it will only be based on proven and verified means to take most of such stories as what they seem to be because even though the possibility is there,  it is still crazy to be able to achieve such profits without high calculations on when to take your profits out of the coins before it got trapped.

[poodle63]

How can we prove this story as anyone can easily make that story up,  but sure many coins can give you tremendous profits in the short term and that is why they are taken as gambling and nothing more than that,  and some of them are just planned pump and dump tokens at some point and if the investors are not smart enough he may lose out on the wave of the project and also ensure loses.

So now it will only be based on proven and verified means to take most of such stories as what they seem to be because even though the possibility is there,  it is still crazy to be able to achieve such profits without high calculations on when to take your profits out of the coins before it got trapped.

well there are many stories like this and yes it sometime gets proven with the blockchain transaction but of course there are some that are pure bullshit as well. regardless it could be the devs buying at the very low and artificially pump the coin anyway and then make this stories up later on nobody knows the thing with these meme coin is that its so saturated with scam that finding legit one is kinda difficult.
the ones thats legit in my opinion are only those coin that reached market capitalization of hundred millions at least like BONK, doge and so on if there's story that someone is making some good money out of it i would definitely believe but with some random meme coin definitely the proof is required.
regardless i would never get interested in investing in a coin thats highly manipulated, seems like im having lower odd with these coin even from the very beginning.

[wxa7115]

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are.  But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun.   

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it.  But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any.  Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance.  but maybe just maybe. and... one makes it to the moon on adorableness alone.  Hey, crazier things have happened in crypto before.  At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Mate, this makes zero sense and people want to earn real quick that's why they invest into meme coins as few memecoins had crazy pump wherein the rest has been disastrous. I am not a fan of this concept and I can never agree that people invest for fun or because it's cute because only a noob can do it.

It would seem to me that a great deal of those that invest in meme coins do it because they want to obtain the benefits of being an investor, but they also know they do not have what it takes to be one.

Therefore they are looking for ways to achieve this within their limitations, and meme coins may seem to allow them to do this, unfortunately meme coins not only can bring them great benefits, meme coins can also bring massive losses, and the chances they do it are huge compared to the positive results those investors are awaiting for.

[Makus]

The returns from meme coin most times can be quite impressive, 100x return isn't a minor profit  and I believe that is the main reason why investors now focus on meme coins, while neglecting the risk associated with meme coin. The higher the volatility the higher the risk and return, either bearish or bullish. Meme coins are for those investors who are actually traders or have the skills of a trader, the worst thing that can ever happen to an investor is, after considering memecoin for long term holding and the coin crashes to price zero. Considering all this risk of losing my money I just decided not to even give it a try.

[Bureau]

The returns from meme coin most times can be quite impressive, 100x return isn't a minor profit  and I believe that is the main reason why investors now focus on meme coins, while neglecting the risk associated with meme coin. The higher the volatility the higher the risk and return, either bearish or bullish. Meme coins are for those investors who are actually traders or have the skills of a trader, the worst thing that can ever happen to an investor is, after considering memecoin for long term holding and the coin crashes to price zero. Considering all this risk of losing my money I just decided not to even give it a try.

Not everyone can get 100x return, only a few make it into that list. The rest get rekt or wait for years dreaming to get some good returns. When dogecoin was pumping in the last bull run, a lot of newbies had invested in the meme coins with the belief that they would ride the hype wave. Unfortunately, most of them sold their coins at a loss or are still holding onto them. The belief that meme coins can make people rich is a myth, only if you are one of the early investors and the coin gets the desired hype then you can get 100x or even more returns on your investment.

[irhact]

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.

Stories like this are becoming regular as we're about to enter into the bull market and this will make more investors begin to invest into memecoin but any individual that's getting interested in memecoin have to be ready for the lost that you might experience. Not all memecoin will do very well and you don't know which one will make you that profits. There are more chances for you pick the wrong memecoin than you pick the right one that will do very well.

Memecoin can make you big profits in a very short time but they can also make you big losses in a very short time therefore if you're investing into them only use money that you won't get mad if you lose them. We have more stores of individual losing as they invested into memecoin than those that made big profits but since those individuals are coming to social to cry, there stories aren't been made more famous as those that won big amounts.

[Best-mary]

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

Saw an article about someone who bought COQ and made over a millions in a space on 1-2months. He made this much when the memcoin only got listed in two Cex.
Something interesting about memecoins, is that when you get the right one, it will multiply your income really fast

[lienfaye]

I have experience of investing in meme as well but never had the chance to gain a decent amount. So I only use my spare money because it's quite risky compared to investing in coins with real use case. The guy in op's story is lucky for choosing the right meme coin that will skyrocket in short period. But not everyone is fortunate like him because we can't determine what meme coin will go to the moon and likely give us a huge return.

That's why it is not recommended to invest in meme and you should be prepared for the worse case since it's likely to happen. Therefore if you're going to take risk, only invest what you can afford to lose because there's no assurance at all.