Memecoins: Not all that glitters is gold

[Qiubell5]

Some of you might have come across mind blowing stories of how an investor turned few dollars into millions of dollars, simply by buying memecoins such as DOGECOIN, SHIBA or PEPE when they've not really gain popularity and later sold at a big marketcap. While this may seem very tempting to some persons, the bitter truth is that these investors fail to tell their audience how many times their hands were burnt and the losses they suffer.

Few days ago, a memecoin investor invested a whooping $1,000,000 dollars in MBAPPE coin and within an hour, his investment was brought down to $9,200 dollars when the scammer removed liquidity causing the price to plummet. Now, this is just one of many sad stories of investing in memecoins.

Imagine if the investor had invested in Bitcoin, no matter how deep the chart gets it will surely bounce back and there's certainty that he'll get his money back as well as some profit, but in this case his investment is gone and gone forever. My advice to newbies is that you shouldn't be carried away by memecoins because of the price swings. They are dangerous, not worth it and the risks outweigh the gains.

There is a popular saying that any thing good takes time and it's worth waiting for. The bull is around the corner, invest in Bitcoin instead and HODL.

from all of that depends on the luck that we get, especially memecoin and it all starts with the precision that they do, even though it has a high level of risk but all of that can happen without us thinking, by observing the increases and decreases that is what needs to be done for these coins.

[alastantiger]

I will advise by giving out this tips, don't invest on any memecoins all because of the way of their appearance without you making research on the purpose for their project creation, knowing the team of developers behind it and how to safely invest on it, secondly on this, we should not be moved by the influencers who make series of promotions for some of these crypto projects, it's also a call that we should be careful because not all they say are true.

None of this criteria will give you the best memecoin to invest into, why you may ask is because the best memecoin that have done so well didn't meet any of your criteria. Shiba inu doesn't have a known founder and dogecoin founder doesn't own any of his creations hence memecoin aren't project we're meant to do so many research on because after all your research, you can still invest into a memecoin that'll end up scamming you. The best memecoin are the ones that get the most hyped. Being smart, all you have to do is invest and sell during the peak of the hype. Memecoin can't be treated like serious investments with all the research and inside digging being done. Investing in a memecoin is a risk that you're going to lose more times than you can win hence picking the correct memecoin to invest inside is just by chances. Investing in many won't save you either because your chances of losing doubles as you invest more.

[X-ray]

from all of that depends on the luck that we get, especially memecoin and it all starts with the precision that they do, even though it has a high level of risk but all of that can happen without us thinking, by observing the increases and decreases that is what needs to be done for these coins.

the problem with meme coin, observing increases and decreases is not really sufficient, when you're buying meme coin, really you're just betting on yourselves whether or not you are buying into a rugpull or actually genuine coin.

this is the reason why meme coin with no dev holding some percent of total supply are the ones choosen by the market to go up really high, because the market themselves also know that the possibility of rugpull is bigger when devs or there are wallets holding big total supply of the meme coin.

so definitely, there's something much more going on into observing which meme coin deserve the buy, even then no guarantee that it will grow that high, only very few meme coin actually could grow. in the case of reading the price chart of meme coin, I can say confidently that meme coin doesn't follow the routine that other coin has which always abide to technical analysis, meme coin is completely different kind and could just go up and down disregarding TA.

[fikrett]

from all of that depends on the luck that we get, especially memecoin and it all starts with the precision that they do, even though it has a high level of risk but all of that can happen without us thinking, by observing the increases and decreases that is what needs to be done for these coins.

It's really just about hope put into the coin. It can bounce, it can be - reanimated - in a way in a half year or two, many things can happen to memecoins that we can't really predict or notice when it's needed.
A lot of analysis and watching through the events following the coin is needed to take a decision what to do next.