Investing in meme coins is worthy or not?

[cryptoWODL]

I am not also a fans of meme coin or project.

Not only you but many people don't like meme coins. Investing in meme coins is the most risky because the price of these coins goes up a lot at one time and suddenly drops a lot at the same time. But I invested in a meme coin that was good which is Doge Coin. Doge Coin is the best among the meme coins and the number of investors in this coin is also high.

What we should focus on is to accumulate btc for future, and not the other way round.

Investing in Bitcoin is less risky and more profitable which is why everyone focuses on investing in Bitcoin. If we keep depositing our bitcoins and holding them for a long time then our investment portfolio will grow.

[1715502399]

1715502399

[1715502399]

1715502399

[1715502399]

1715502399

[1715502399]

1715502399

[Makus]

Sure meme coins volatility is higher than any other brand of coin in the market, and that is why they are very risky. Most times when the coin pump, due to FOMO some person buy a huge amount and suddenly the coin just start dumping and they experience loss rather than profit and there is a high probability that, the coin will not pump back again. Some coin after general price correction in the market they tend to just become shitcoins from there. Reason most person invest more in memecoin is because of the possible return the coin might give due to its high volatility. Bu Bitcoin will continue to be the best coin in the market for investment.

[Y3shot]

I am not also a fans of meme coin or project. Well lookin at the domain you will actually see that is just like a new online gaming platform. For me I do not need anything of such. What we should focus on is to accumulate btc for future, and not the other way round. I am terrified by my previous experience and i wouldn't want to fall for such Victim again except you want.

Since most meme coin are just shitcoins that normally die off in the market , this should be the reason why we need not to give meme coins much attention.  Money can easily be lose while investing in meme coin , it is better to invest in a future coin that is reliable that one is sure of gaining profit than trying luck investing shitcoin .     Most shitcoins are scam coins which it is not very good for people to depend on it thinking that they can make profit from it quick.

[EarnOnVictor]

I am not also a fans of meme coin or project. Well lookin at the domain you will actually see that is just like a new online gaming platform. For me I do not need anything of such. What we should focus on is to accumulate btc for future, and not the other way round. I am terrified by my previous experience and i wouldn't want to fall for such Victim again except you want.

Since most meme coin are just shitcoins that normally die off in the market , this should be the reason why we need not to give meme coins much attention.  Money can easily be lose while investing in meme coin , it is better to invest in a future coin that is reliable that one is sure of gaining profit than trying luck investing shitcoin .     Most shitcoins are scam coins which it is not very good for people to depend on it thinking that they can make profit from it quick.

I don't think your advice is good, this might just dissuade some people from making easy money. I believe that the best advice is for people to ensure that the meme coin they are about to invest their money in is such that is worth it, and it can be worth it with the reliability of the project itself, the blockchain used and how many meme coins has been developed through that blockchain to know its seriousness. You can't tell me that those who opted for BONK are regretting it, and even MEME, and as simple as it is and as limited as the movement was last year, it still earned me almost 2.5 of my investment in the second half of last year.

This is why we should be sensitive in our advice so that it will not just push people away from their blessings. You might want to see how FLOKI moved at a time during that time too, not to talk of others like Babydoge, all earned for people in their own way just like any other coins/tokens. I think that meme coins are still good prospects, only that we should carefully select them to avoid issues for us.

[idarasun]

I agree with that it does seem that memecoins tend to experience pump-and-dump trends, and I feel the same way that the hype created may not last and long-term stability is often difficult to maintain in the crypto world.

Yeah all basically is just pump and dump scheme there is bunch of token like that and the code is open source you me and everyone can clone it and deploy it.

I do believe that memecoin had same developer just deploy it with different name and the dev can make a lot of money, add initial deposit burn some of it, chit chat on twitter gain some popularity. Drop some aidrop token to early user. and booom the dev is gone. either he rug the token or just gone.

So can such people be called scammers or not? Either way, I think it's a huge loss for many people including those who took the time to participate and expected more from it. What do you think?

[Essential10]

Most of the times I see meme coins being scammed. I have heard many stories of people losing money investing in Meme Coins hoping for cheap profits. Personally I think the best way to avoid scams and keep my money safe is to not buy any Meme Coins. I have yet to find a reliable meme coin project that will be successful in the future. I'm not keeping an eye on the Meme project for now, I'm focusing on increasing my investment in Bitcoin and top altcoins.

[redsun114]

It will totally depend on when and where you are investing. Because most memecoins are risky but there are some older memecoins that have given good development programs and attracted a lot of investors. The beginning of this year saw a lot of memecoins entering the crypto market and most of the memecoins were dead. So if you can buy good memecoin then you will get good profit in bull market.

Which meme coins are you referring to when you say that some meme coins have given good development programs? As far as I know, meme coins are nothing more than tokens based on jokes and memes of real life, and they have no development programs or anything but just very large liquidity and are completely dependent on community support and hype to gain value and if they don't gain any hype and support, they die in no time.

And how exactly do you expect someone to find good meme coins and invest in them? Meme coins are not like normal cryptocurrencies which are backed by projects and experienced teams where we can see the developments, roadmaps, and every other thing which is what makes people invest in them.

[SandrCrypto]

Many people lost money on the meme coins. They are popular but many meme coins are only used for speculations and different market manipulations.

[Lorence.xD]

I am not also a fans of meme coin or project. Well lookin at the domain you will actually see that is just like a new online gaming platform. For me I do not need anything of such. What we should focus on is to accumulate btc for future, and not the other way round. I am terrified by my previous experience and i wouldn't want to fall for such Victim again except you want.

Since most meme coin are just shitcoins that normally die off in the market , this should be the reason why we need not to give meme coins much attention.  Money can easily be lose while investing in meme coin , it is better to invest in a future coin that is reliable that one is sure of gaining profit than trying luck investing shitcoin .     Most shitcoins are scam coins which it is not very good for people to depend on it thinking that they can make profit from it quick.

Well I guess it is with a different market presence with "poop coins". It has a hype therefore it would still be a good consideration especially if you are just checking coins and projects to invest. However, not all memecoins would be profitable. A luck along with thorough analysis of this market will be essential to your decision. One instance is with PEPE wherein before its release to 'higher' exchanges, it has been a loud topic outside this forum. As what we saw, hype alone could make a token without utility, a huge thing which should be the point of consideration for those who have their interest info it. Just don't go all out to avoid regrets if ever you will be making the wrong conclusion. In line with this is preference with the kind of investment. Meme tokens are good but if you are after bigger assurance of winning, then for sure there are the biggest names in this industry which are also showing extreme volatility at this moment.

[Bushdark]

I am not also a fans of meme coin or project. Well lookin at the domain you will actually see that is just like a new online gaming platform. For me I do not need anything of such. What we should focus on is to accumulate btc for future, and not the other way round. I am terrified by my previous experience and i wouldn't want to fall for such Victim again except you want.

Since most meme coin are just shitcoins that normally die off in the market , this should be the reason why we need not to give meme coins much attention.  Money can easily be lose while investing in meme coin , it is better to invest in a future coin that is reliable that one is sure of gaining profit than trying luck investing shitcoin .     Most shitcoins are scam coins which it is not very good for people to depend on it thinking that they can make profit from it quick.

Yes it is true that many meme project are shit of crap and that does not mean that all meme coins are bad.
We can still make money for ourselves when investing in altcoins and that should not make us to see me as too bad.
If we know how to find good meme coins, to be honest we might become the next million in cryptocurrency.
I have seen people making crazy profits from meme projects hitting upto 1000x.

[FanEagle]

Life is not as simple as you think it is, and investing into meme coin could be profitable or not and you would not know before you invest. You can't just have "yes it is worthy" or "no it is not worthy" responses, that is not going to end up being any important like that, it would not make sense that way at all.

I think it is quite important to realize that you are going to end up with something that would not be profitable for you one way or another. So avoid doing anything major, and just focus on what type of money you want to make with how much risk you want to take and ignore what other people are telling you. If you keep focusing on what others are telling you then you are not going to end up with any profit at all.

[batang_bitcoin]

Many people lost money on the meme coins.

And that is because they're following the crowd and the hype that's about to be gone to soon. The FOMO is real with them and that's why if you're too late on it, you better stop hoping for big gains on it.

They are popular but many meme coins are only used for speculations and different market manipulations.

The manipulation is there and that's making people FOMO investing into these meme coins and there's really not that much gain with them when they've missed the train.

[GlacierBIT]

Mem coins are a cryptocurrency with an ambiguous assessment, some say that it will bring big profits, others compare such coins with shitcoins, which are very dangerous to deal with, with a high risk of losing money. I don’t have much experience in trading mem coins, and after one incident when I almost lost my investment, I lost my desire to participate in this.

[Yatsan]

I am not also a fans of meme coin or project. Well lookin at the domain you will actually see that is just like a new online gaming platform. For me I do not need anything of such. What we should focus on is to accumulate btc for future, and not the other way round. I am terrified by my previous experience and i wouldn't want to fall for such Victim again except you want.

Since most meme coin are just shitcoins that normally die off in the market , this should be the reason why we need not to give meme coins much attention.  Money can easily be lose while investing in meme coin , it is better to invest in a future coin that is reliable that one is sure of gaining profit than trying luck investing shitcoin .     Most shitcoins are scam coins which it is not very good for people to depend on it thinking that they can make profit from it quick.

Yes it is true that many meme project are shit of crap and that does not mean that all meme coins are bad.
We can still make money for ourselves when investing in altcoins and that should not make us to see me as too bad.
If we know how to find good meme coins, to be honest we might become the next million in cryptocurrency.
I have seen people making crazy profits from meme projects hitting upto 1000x.

Happens most of the time on public sale but as you mentioned, not in all ocassions. Given that meme tokens' concept is simple, only a few are really profitable to invest and I cannot name a single meme token which would be pomising for long term holding given. Prices are often triggered only with general market behavior or just whale manipulation once the coin is listed with exchanges. I just don't invest into such concept however I won't say it is a bad token to invest. It just depends on your tolerance as an investor, as usual. Everything has risk in this industry by the way and if meme token is tolerable on your end, then that would be fine.

Mem coins are a cryptocurrency with an ambiguous assessment, some say that it will bring big profits, others compare such coins with shitcoins, which are very dangerous to deal with, with a high risk of losing money. I don’t have much experience in trading mem coins, and after one incident when I almost lost my investment, I lost my desire to participate in this.

Many investors did. A friend of mine has lost $2k partially with DOGE because a sudden dump took place early last year. Good thing that he haven't sol it yet and right now, his losses are coming back slowly. What I fear which is why I avoid it is because of high market price volatility. I do trust big names in this industry more than meme tokens. But of course, the principle of high risk and high rewards will be always there. Just avoid being greedy and make it a habit to set a stop loss to avoid losing that much if you are not sure of things.

[Raceonsucced]

I agree with that it does seem that memecoins tend to experience pump-and-dump trends, and I feel the same way that the hype created may not last and long-term stability is often difficult to maintain in the crypto world.

Yeah all basically is just pump and dump scheme there is bunch of token like that and the code is open source you me and everyone can clone it and deploy it.

I do believe that memecoin had same developer just deploy it with different name and the dev can make a lot of money, add initial deposit burn some of it, chit chat on twitter gain some popularity. Drop some aidrop token to early user. and booom the dev is gone. either he rug the token or just gone.

So can such people be called scammers or not? Either way, I think it's a huge loss for many people including those who took the time to participate and expected more from it. What do you think?

If you @idarsun ask me, I think it depends on how people see it and I think it can be anticipated if you don't want to be fooled by it. Maybe you also know that most of them are fake, but I don't think there's anything wrong if you follow them but with the condition that you have to be careful because they might pay you properly and honestly.

[strunberg]

Reason most person invest more in memecoin is because of the possible return the coin might give due to its high volatility. Bu Bitcoin will continue to be the best coin in the market for investment.

I think meme coins cannot be called an investment asset. What this means is that they are coins that utilize hype and community to move and pump prices. This means that when the price is very high it will explode like a balloon and the price will immediately fall without ever rising again. If you want to buy meme coins make sure not to hold them for more than 180 days as they usually lose their appeal. And the community is starting to get bored with these coins.

[SandrCrypto]

I do not think that investing in meme coins is worthy because meme coins usually are used only for speculations and money manipulations and do not have any practical use.

[idarasun]

Edit...
If you @idarsun ask me, I think it depends on how people see it and I think it can be anticipated if you don't want to be fooled by it. Maybe you also know that most of them are fake, but I don't think there's anything wrong if you follow them but with the condition that you have to be careful because they might pay you properly and honestly.

I asked the person who answered, so actually I have spent time with her and most of them are fake, even though I am careful I still don't get paid if I get paid most of them are fake and I can't enjoy it, even if there are those who pay well it seems to be rare.

[niall51]

I don't trust new projects with inexperienced teams. I've been burned by several solid projects with new teams that couldn't deliver on their promises. Recently, I came across an airdrop for an upcoming meme project called DingDang. The interesting part is that the team successfully launched Kikswap in 2022, which performed well. The presale participants gained a 10x return at launch, and they raised 506 BNB in the initial seed sale. With many trending meme coins in the market, I'm considering investing in DingDang during its early stages. What are your thoughts on whether it's worth it or not?

Website and Whitepaper link are below:
Web: https://dingdang.io/
Whitepaper: https://dingdang.io/whitepaper.pdf

In my opinion, investing in Memecoin is not really worth it because I consider investing in Memecoin to be the same as gambling and it is very short term. It is true that we can get 1000x the profit but keep in mind that the risk we take is very high. We can also lose all our money. I prefer investing. altcoins like eth or solana instead of buying memecoin this is my opinion what do you think?

[odunybiz]

I don't trust new projects with inexperienced teams. I've been burned by several solid projects with new teams that couldn't deliver on their promises. Recently, I came across an airdrop for an upcoming meme project called DingDang. The interesting part is that the team successfully launched Kikswap in 2022, which performed well. The presale participants gained a 10x return at launch, and they raised 506 BNB in the initial seed sale. With many trending meme coins in the market, I'm considering investing in DingDang during its early stages. What are your thoughts on whether it's worth it or not?

Website and Whitepaper link are below:
Web: https://dingdang.io/
Whitepaper: https://dingdang.io/whitepaper.pdf

That the team successful lunch a project in 2022 and gave alot of people profit doesn't mean same will happen with this coming one. Meme coin are somehow risky in investing at. Although I you still believe in the team, you can only invest an amount you can avoid to lose. So if they fall it won't affect you much as project like this may be risky.