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Author Topic: Investing wisely in memecoins can give you returns.  (Read 971 times)
AVE5
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June 15, 2024, 10:00:14 AM
 #61

I doubt there is a better way to knowing the right memecoins to invest except those who dare to try are taking a huge risk. 99% out of the hundreds of memecoins that flood the market on a daily basis are scam and often die that very day or few days after. I would say memecoins investment is the best example of "investment what you can afford to lose " because they can rug pull at any given time.  Grin

Investing on familiar cryptocurrencies are full of risks talk more about strange coins that is barely trending. Of course that would be a whole bunch of risk extremely to say the rate of your risk taking is greater than your confidence that the coin will not deviate from the potentials based on Speculations and hyping of the coins.
I don't also buy the idea of the Op being too trusted or such strange coin just because it was followed by Jordan Jefferson on X. Less before forgotten, that could be a medium of marketing strategies to influence the public.

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June 15, 2024, 10:29:55 AM
 #62

Although investment in meme coins is risky and many people lose their money, if you invest in meme coins at the right time and be patient, the chances are that you will end up earning huge profits. At the moment, the market is facing a slight correction and all the meme coins are down from their highs ( a few months ago), it provides a promising opportunity to invest in DOGE and SHIBA. PEPE pumped significantly in the past few months and might pump further in the coming months, but I think the ROI in DOGE and SHIBA investment will be high, at the moment, compared to PEPE. 

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June 15, 2024, 06:09:26 PM
Last edit: June 17, 2024, 12:20:59 PM by Godday
 #63

It's like saying that going to casino wisely could give you good returns. It still depends on luck mostly!

We cannot expect that meme coins will be able to give you good returns because meme coins are just like gambling. This is not 100% the same as gambling but most meme coins do not have any purpose and will only profit from the hype that occurs. So I think meme coins are all about luck and you can't guess and invest wisely in meme coins because they have high risks.

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June 15, 2024, 06:31:35 PM
 #64

investment? it's more like gambling i think. because people involved in memecoin are actually just relying on speculation because memecoin has no real use, it was made just for entertainment. how can you expect patience in a coin that relies entirely on speculation? only luck can make you profit there. so there's no need to discuss too much about investing in memecoin since this type of coin relies entirely on speculation.

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June 15, 2024, 08:20:11 PM
 #65

investment? it's more like gambling i think. because people involved in memecoin are actually just relying on speculation because memecoin has no real use, it was made just for entertainment. how can you expect patience in a coin that relies entirely on speculation? only luck can make you profit there. so there's no need to discuss too much about investing in memecoin since this type of coin relies entirely on speculation.
Investing is never like gambling, but if you are constantly losing money by investing in the wrong places, it will feel like gambling to you. It's different subject when you invest in coins, it never occurred to me that meme coin is completely useless and ridiculous, because many people have made money from it. I am not denying that investing in meme coin is low risk, very low probability of winning. There are still many meme coins from which you can get money from a meme coin in short term investment by choosing a coin with proper research.
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June 15, 2024, 09:13:26 PM
 #66

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.


Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

The problem with most meme coin investors is that they are not wise buyers; rather, they just feel that they are wise, but the truth is that they are not. Why? because there are still many people who are fooled and fall prey to rug pull most of the time.

Because the majority of them are still easily swayed by promises, hype, and trends, or just ride what's in fashion. It's hard to just go with the flow of the water.

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June 15, 2024, 10:10:02 PM
 #67

investment? it's more like gambling i think. because people involved in memecoin are actually just relying on speculation because memecoin has no real use, it was made just for entertainment. how can you expect patience in a coin that relies entirely on speculation? only luck can make you profit there. so there's no need to discuss too much about investing in memecoin since this type of coin relies entirely on speculation.
I agree, as we know that investing in memecoin is quite risky, if we invest a fairly large amount I think it needs to be considered again.
If you feel half-hearted you can ask or exchange opinions with people our friends who have been longer familiar with the world of crypto and memecoin.
and can ask which is safer and best between the two, so that you don't lose money.
because many do not recommend investing in memecoin.
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June 15, 2024, 10:27:12 PM
 #68

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.


Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

     When you say invest wisely, that's a bit stressful because, as a sure and cautious investor, you don't want to waste the capital that you will use in meme coins. So what you are entering is a bit of a risky investment. Because meme coins have no utility, and you should know that and have an idea about that.

     You can't just fall prey to sweet words and promises, because then you'll definitely be trapped in a scammer's trap. That's why most people in this forum always say DYOR to newbies.

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June 16, 2024, 05:36:53 AM
 #69

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.


Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.

Nice tips! At least we can filter out quite a lot of memecoins. Anyway, in my opinion, a memecoin's value is based on hype and popularity to increase its demand. So, memecoins mentioned by people with a large follower have potential. The more people who buy a memecoin, the higher its value. But still, like you said, the crypto space is unpredictable. So, there's a possibility that people won't be interested in a memecoin even if it's promoted

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June 16, 2024, 08:01:39 AM
 #70

It's not about luck in making a profit from meme tokens, wise people will usually avoid games like stupid coins that are just made out of thin air, choosing altcoins is more profitable than wasting money on meme coins that are just a joke. I admit that there are many people who are lucky in meme coin, they are people who can tolerate losses so they can get unexpected profits from a meme coin, they are wise to open a meme coin but understand how they are going to do it.

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June 16, 2024, 10:02:02 AM
 #71

Some meme coins always do really well in a bull run. The difficulty is trying to pick the right ones because there are so many. It’s easy to pick the wrong ones & end up getting REKT but if you pick the right ones you can make life changing money. This is the game we play though, it’s live or die.
There are too many memecoins in the crypto market and it can be very confusing to make a pick from them because there are too many scam projects, so it always comes down to gambling your funds. I don't think that research helps much when it comes to memecoins because the ones that comes highly recommended might not live up to expectations and when you invest and lose your money, I doubt that you can hold anybody responsible. Apart from reputable memecoins like dogecoin, Shiba Inu and pepe, most of the rest are gambles, just make a pick, invest the amount that you can afford to loose and don't hodl for long term. They can give you massive profit on the short term and they can also sink with your funds, so know your risk tolerance before buying memecoins.











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June 16, 2024, 10:51:28 AM
 #72

in my experience of dealing with meme coin only very few meme coin actually show pattern that its gonna go up high in the future otherwise people would've become rich easily, most of the meme coin that rises up high usually already have strong community behind so whenever it goes public the price already high so the market cap is high too or the coin just getting pumps out of the blue.

its still always depends and luck and selective towards meme coin that may pose risk due to malicious smart contract that results in rugpulls, heck if you see recent meme coin trending, its all about hype riding.
finding out connection of certain meme coin with some popular famous figure can help yes, but most of the time if the whales don't care the coin won't pumps.
remember meme coin is also an arena for the whale to make money out of meme coin investor that have no idea.

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June 16, 2024, 02:51:16 PM
 #73

most of the meme coin that rises up high usually already have strong community behind so whenever it goes public the price already high so the market cap is high too
These are the coins that were really created because they are popular memes. Even people who are not that familiar with crypto end up investing in memecoins just for the sake of investing in it.
Quote
or the coin just getting pumps out of the blue.
This is what happens when the memecoin suddenly goes viral maybe out of speculation or just people experiencing fomo


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June 16, 2024, 04:33:26 PM
 #74

most of the meme coin that rises up high usually already have strong community behind so whenever it goes public the price already high so the market cap is high too
These are the coins that were really created because they are popular memes. Even people who are not that familiar with crypto end up investing in memecoins just for the sake of investing in it.
Quote
or the coin just getting pumps out of the blue.
This is what happens when the memecoin suddenly goes viral maybe out of speculation or just people experiencing fomo



Some people take advantage when the price is pumped and dump all their coins into the market. This is what meme coin creators and early stage investors often do. Because of that, I don't think it would be wise to invest in meme coins because in the end you will lose if you can't enter at the right time. Some meme coins made it into the top 100 cmc and became good projects but I think 99% of meme coins will eventually become dead coins because they were created just to make a profit without thinking about the fundamentals.

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June 19, 2024, 02:46:00 PM
 #75

There is no wise way with meme coins to make a profit from it, I doubt that many people who make big profits from meme coins are those who dare to take risks and are even ready to lose money. After I looked at the market in the near future and a few months ago, the meme coin that was leading the market with hundreds of coins appeared, to make a wise profit, choose the meme token that is currently hype or the current top level meme coin.
Sometimes, even the ones that are trending don't get to provide their investors much profit because they don't manage to gain much value due to the greed of their developers as they run away with whatever investment they have got so far. Only some meme coins manage to gain substantial value and provide good returns to their investors.

It is also important for people to have a proper selling plan because I have seen a lot of people not selling their assets at the right time and keep holding because they think they can get more profit if they hold their assets and sell them later but this thing doesn't work with meme coins or shit coins and one should sell immediately if they are getting some profit.

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July 21, 2024, 09:08:12 PM
 #76

I don't know if you guys noticed, but I can feel this is memecoin season already. X (formerly Twitter) is filled with tons of memecoins. I know what you are thinking, like how am I supposed to research which one is good or bad so I could invest?

This is where the research comes in. If you do research and put in the effort, you can basically find a gem that's worth investing in.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.


Also note that, this strategy will not work all the time; crypto is unpredictable. It teaches us to be patient with anything we touch. So if you guys have any experience investing in memecoins, share it here.
This is pretty much the opposite definition of the term "wisely". It can be profitable, but it's far from wise. Connections between teams don't really give you enough information either, or how they are themed. Because whole theme will be oversaturated by different tokens with same theme after 2 projects under the same theme them get mooned.

"Research" and "investing" are also misleading terms when it comes to meme tokens. Research is pretty straight forward and simple, so calling it research is just insulting to anyone doing actual  research. And investing is a far fetch term too. These tokens don't have intrinsic value. It's almost always low frequency trading and speculating.

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July 21, 2024, 09:33:26 PM
 #77

Actually I don't really like to say this as an investment because after all this is just like trading or even gambling because indeed memecoin or shitcoin is not worthy of being one of the options for investing.

It cannot be denied that being in memecoin sometimes provides extraordinary benefits especially when the coin or token we choose gets a pump, it's just that in this case as I said earlier this is just like gambling where we only hope that the whales make a pump in memecoin so that we benefit from the results we saved before.
And by looking at this I honestly contradict the concept of investment that I am doing now so I will not say that this is an investment because indeed memecoin is not really suitable for the medium or long term.

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July 22, 2024, 05:02:07 AM
 #78

It's not about luck in making a profit from meme tokens, wise people will usually avoid games like stupid coins that are just made out of thin air, choosing altcoins is more profitable than wasting money on meme coins that are just a joke. I admit that there are many people who are lucky in meme coin, they are people who can tolerate losses so they can get unexpected profits from a meme coin, they are wise to open a meme coin but understand how they are going to do it.

yeah, nothing wise about investing in meme coins at all wise people would avoid. this coin exist for the sole purpose of market manipulation with its small market caps.

however the massive profit that these memes generated could sometime attract even the wisest sage out there but as long as the entire investment portfolio is only having 3% allocation for meme coin it will be fine because it's risk management and increasing profit through risky investment.



when trying to invest in meme coin, don't forget to also look at the 24h top losers tab for reminder Grin.

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July 22, 2024, 09:22:38 AM
 #79

I wouldn't say that the socials are the main thing going for all the memecoins, though it's better if that's how it is and a coin has someone big standing behind it. We also should take into account the investors, the contract, the mood behind it, and not stay too long into it, because the profit is good, it's bad if that 10x profit turns to 0x or even a minus.

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July 22, 2024, 06:42:02 PM
 #80

It's not about luck in making a profit from meme tokens, wise people will usually avoid games like stupid coins that are just made out of thin air, choosing altcoins is more profitable than wasting money on meme coins that are just a joke. I admit that there are many people who are lucky in meme coin, they are people who can tolerate losses so they can get unexpected profits from a meme coin, they are wise to open a meme coin but understand how they are going to do it.
yeah, nothing wise about investing in meme coins at all wise people would avoid. this coin exist for the sole purpose of market manipulation with its small market caps.

however the massive profit that these memes generated could sometime attract even the wisest sage out there but as long as the entire investment portfolio is only having 3% allocation for meme coin it will be fine because it's risk management and increasing profit through risky investment.
He said there is no luck involved but I think there is. So many things in this world involves a luck and this includes investing in cryptos such as the meme coins. Actually meme coin investing are mostly luck dependent because like I said earlier, they don't have a concept for us to have a proper judgment.

There are chart movements that we can look at but this one is also luck dependent. Manipulators won't make our lives easier. Apart from luck, skills or being wise can also help. Like for example, we know that low-cap coins are a risky kind of investment. I know majority of meme coins are low-cap but I think there are still meme coins which market cap is high and it's best to just go for them.

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