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Author Topic: Investing in meme coins is worthy or not?  (Read 1336 times)
Cryptosmart00215 (OP)
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January 11, 2024, 04:15:34 PM
 #1

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
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January 11, 2024, 04:34:37 PM
 #2

I'm not a fan of meme coins/tokens but I invest in some of them like in Shiba Inu and sold it after I made a bit of profit.

However, these Meme tokens are not actually worth holding it was only made for the pump and dump scheme. We saw a price surge on these memes due to influencers that attract people to follow and invest.

If you believe in this project you posted above you can invest but for me, that's risky compared to investing in any coins that already circulating on the market.

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January 11, 2024, 04:48:49 PM
 #3

What makes memecoins as a potential good investment(more of like a trade, though) is the number of influential people shilling it, and at the same time the level of funniness of the said memecoin.

The one you mentioned, lmao. They're really mentioning marketcap websites, DEXs, and block explorers as "partners"? It's like saying you wrote a document so you're partnered with Microsoft(word).

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January 11, 2024, 05:07:32 PM
 #4

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


If you like to gamble using your hard earned money, go ahead and invest in meme coins. If you like to see your money grow, invest in Bitcoin/ETH, or any real world assets.

I personally do not recommend meme coins to anyone. They are extremely risky and has 99% potential to burn your money. Only one percent holds a potential to give you a good return. Rest all are pure gambling and nothing else.

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January 11, 2024, 06:02:41 PM
 #5

Memecoins are mostly pump and dump project. This memecoins are 99% scams or has the potential of losing it values with 24hrs because they're meant to enrich some set of people by scamming investors who will believe the too good to be true promising that are made by project team.

Personally I can invest in any coin that is not worth my attention like memecoins. they are no worthy of investment except I have too much money to throw away then I will might think of help the creators/team to make them rich lol  Grin

Infact to answer your question in the topic, my answer is NO they are not worthy

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January 11, 2024, 06:18:52 PM
 #6

Memecoins are mostly pump and dump project. This memecoins are 99% scams or has the potential of losing it values with 24hrs because they're meant to enrich some set of people by scamming investors who will believe the too good to be true promising that are made by project team.

Personally I can invest in any coin that is not worth my attention like memecoins. they are no worthy of investment except I have too much money to throw away then I will might think of help the creators/team to make them rich lol  Grin

Infact to answer your question in the topic, my answer is NO they are not worthy

I tried being a sheep following the masters through pump and dump. I have had more profit than loss on a one month sample period but the hassle was not worth it.
What exactly I did was, I searched for meme projects that are still not listed on coinmarketcap but has a decent volume and working website. 50% of the meme I invested in were dead even before listing on the CMC.
Some meme coins did yield me good profit when they got listed on CMC and were dead the next week. To get the optimal profit, you should be keep looking for the price changes and it's much difficult to do a multiple of them when they are not even listed. I'm still holding a few dumped coins in expectation of a new rejuvenating pump.



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January 11, 2024, 06:37:29 PM
 #7

Investing in meme coins is worthy or not?

I've literally heard about hundreds of different memo projects but have really only seen a handful get massive FOMO, so the view I've always held with these things is that they're gambling. When talking about opportunities to make big profits, don't ignore risks, and risks often account for more. So honestly, if you are ready for that, just make your own decision without depending on anything,, inherently, risks, contain opportunities but don't be too blind to greed, and you will get lucky.









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January 11, 2024, 07:12:59 PM
 #8

Investing in meme coins is worthy or not?

I've literally heard about hundreds of different memo projects but have really only seen a handful get massive FOMO, so the view I've always held with these things is that they're gambling. When talking about opportunities to make big profits, don't ignore risks, and risks often account for more. So honestly, if you are ready for that, just make your own decision without depending on anything,, inherently, risks, contain opportunities but don't be too blind to greed, and you will get lucky.

Investing in memecoins can be likened to gambling, you make your pick, put money in it and accept whatever outcome that you get, they're an easy way to get very fast returns on a very short time and they also carry the risk of losing your money in scam projects. So it depends on individual investor risk tolerance, if they have the appetite for it then it's ok to give a shot at one, but let them remember to atleast carry out some reasonable research about their choice meme and invest the amount that they can afford to loose.

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January 11, 2024, 07:16:10 PM
 #9

The decision to invest in memecoins is a complex one and depends on an individual's risk tolerance and investment strategy. Memecoins, such as Dogecoin and Shiba Inu, are highly speculative and come with significant risks. They are often driven by social media hype and can experience extreme volatility, potentially leading to substantial losses While some investors may be attracted to the entertainment value and the possibility of high returns, it's important to approach these investments with caution and only commit funds that one can afford to lose. Additionally, memecoins generally lack fundamental value or unique use cases, and their performance may not align with the broader cryptocurrency market therefore, potential investors should conduct thorough research, consider the risks involved, and, if they choose to invest, diversify their portfolio across various assets to mitigate some of the inherent risks

Some of the most popular memecoins to invest in include Dogecoin, Shiba Inu, Meme Kombat, Wall Street Memes, TG.Casino, Green Bitcoin, PepeCoin, and Memecoin. However, it's important to note that memecoins are highly speculative and come with significant risks, and their performance may not align with the broader cryptocurrency market. Therefore, potential investors should conduct thorough research, consider the risks involved, and, if they choose to invest, diversify their portfolio across various assets to mitigate some of

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January 11, 2024, 07:39:23 PM
 #10

The decision to invest in memecoins is a complex one and depends on an individual's risk tolerance and investment strategy. Memecoins, such as Dogecoin and Shiba Inu, are highly speculative and come with significant risks. They are often driven by social media hype and can experience extreme volatility, potentially leading to substantial losses While some investors may be attracted to the entertainment value and the possibility of high returns, it's important to approach these investments with caution and only commit funds that one can afford to lose. Additionally, memecoins generally lack fundamental value or unique use cases, and their performance may not align with the broader cryptocurrency market therefore, potential investors should conduct thorough research, consider the risks involved, and, if they choose to invest, diversify their portfolio across various assets to mitigate some of the inherent risks

Some of the most popular memecoins to invest in include Dogecoin, Shiba Inu, Meme Kombat, Wall Street Memes, TG.Casino, Green Bitcoin, PepeCoin, and Memecoin. However, it's important to note that memecoins are highly speculative and come with significant risks, and their performance may not align with the broader cryptocurrency market. Therefore, potential investors should conduct thorough research, consider the risks involved, and, if they choose to invest, diversify their portfolio across various assets to mitigate some of

You have spoken well, most time we discuss about the  merits of meme coin or anything we love leaving the demerits aside. Though staying positive is more crucial especially when we are about to make investment decisions. However aside that fact that mem coin had so many scam projects, they are also filled with projects that were made without any good purpose of becoming worthy for investment. Before buying any asset  we must first do proper research to be on the safer side, but that doesn't guarantee that we will you'll be smiling after selling the coin.
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January 11, 2024, 07:56:03 PM
 #11

Investing in anything is worthwhile if you are certain of making some profit. In general people want to invest in a project that has some use cases throughout the industry because this will help that project hold its users and generate profit which will help the team keep the development ongoing. This is a common business model for startup project but meme projects have none of those. Even you can create a meme project and do a dex listing. A meme project makes a profit only when any whale manipulates its price which makes it super risky because the whale manipulates the price to make profit for himself not for the retail investors.









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January 11, 2024, 08:50:24 PM
 #12

There's always a risk so its hard to tell that its worth it not unless you already made profit from it.
There's actually a good hype with meme tokens right now especially under the hyped network so you might want to take advantage of this while it last and make sure to have your own analysis so you can know when to buy and sell. This is a seasonal tokens, and i believe its the season of meme tokens again.
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January 11, 2024, 09:15:56 PM
 #13

To me investing in memecoins is closer to gambling than actually buying into more serious projects of alternative coins and currencies in the market. It can be quite difficult to separate the shitcoins and the scams from the actual memecoins with potential.
I have always said that the potential or a memecoin comes for the engamement and strength of the community which is behind it. For example, Dogecoin is a quite string currency because of the huge amount of followers it has around the world and in communities like Reddit and Twitter. They do the memes and at the same time they speculate on the price of their coin.
If a memecoin does not have a strong community behind it to back it, then they novelty and the meme will die and the price will decrease quite fast.

At least, you seem to be the kind of person who is willing to do their own research before investing, that should give you some advantage, though, I would not personally invest in memecoins after a bad experience I had with Dogecoin.  Roll Eyes

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January 11, 2024, 09:37:12 PM
 #14

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

Meme coin and airdrop are the most dangerous things to invest. especially shitcoin, because if you buy it with the mindset of making a quick money then it will definitely affect you. But investing in bitcoin will be better off than shitcoin or airdrop. Most airdrop will require you to claim it with usdt. and that is a form of tactically defrauding people.

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January 11, 2024, 10:14:36 PM
 #15

Which exchanger supports dingdang coin. there are already many exchangers that support what has been listed on binance. what is the current price. and when is the ico what sold out when the ico is run. if not sold out the remaining coins are burned or still held by the dev.









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January 11, 2024, 10:15:55 PM
 #16

You are doubled sided. You are like this;

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.

Then turned to this.

Recently, I came across an airdrop for an upcoming meme project called [...]
Website and Whitepaper link are below:[...]

That contradicts to what you are saying but I know that you are trying to shill or advertise that. But let's talk in general about meme coins, some may be worthy to invest still but define what's worth for you. Because for me, it is not worth it when I am already late on that part of meme coins. Missed all of these runs and completely slack about it.



 

 

 

 

 

 


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January 11, 2024, 10:19:21 PM
 #17

Answering your question, may be on personal view if things. Most people do well in investing inMeme Altcoins while others will basically desire to go for others.
Personally the meme Altcoin can give very good profit tho but has the highest risk attached with, 90% of the newest of memecoins are likely to scam. So it might not be that of a much worthy to invest in but if you know how to manage the risk then it becomes worthy.

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January 11, 2024, 11:18:42 PM
 #18

The one you mentioned, lmao. They're really mentioning marketcap websites, DEXs, and block explorers as "partners"? It's like saying you wrote a document so you're partnered with Microsoft(word).

Isn’t that the meme already? Grin I mean, you even lmao-ed so it’s funny enough Grin.

OP, simply do your research and decide for yourself, like mk4 already said, the success of meme coins depends on how loud the chillers behind it can shill it. They usually don’t have use cases but just hype, so invest your money with caution no matter how much you think it’ll be successful.



 

 

 

 

 

 


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January 11, 2024, 11:20:13 PM
 #19

These projects pop up like moles all day long.  Memecoins will never have a long existence.  If they are a joke who will ever take them seriously enough to invest into long term.  Most of these things are holding onto the 2020 and 2021 memecoin run and trying to get Rick off it.  I'd steer as far away as possible.

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January 11, 2024, 11:29:56 PM
 #20

Investing in meme coins is worthy or not?

I still think the Dodge Coin is the best that has been produced in the memecoin market.
This coin does not stand on a solid foundation, nor does a development team work on it, and had it not been for the protocol on which it was based was solid enough, I would not have received all this support from the community.
The worst scenarios are still expected to happen at any unexpected time. Just because I like a Dodge coin doesn't mean I trust it. Personally, I do not recommend investing in these currencies in the medium and long term.

R


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