Memecoins: Not all that glitters is gold

[348Judah]

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.

[Distinctin]

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.

Don't be lured with its physical appearance, instead go look for its own value that will be good for long term. That's why DYOR should be our first step before we finally decide to chose to coins to invest. Also, by understanding the word itself meme, that's just an image made out from imitation just for the sake of entertainment, you will never be profitable on it for the long term, so just try to avoid investing on it to avoid future losses and regrets.

[avp2306]

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.

Don't be lured with its physical appearance, instead go look for its own value that will be good for long term. That's why DYOR should be our first step before we finally decide to chose to coins to invest. Also, by understanding the word itself meme, that's just an image made out from imitation just for the sake of entertainment, you will never be profitable on it for the long term, so just try to avoid investing on it to avoid future losses and regrets.

Even if some of those meme coins show some potential to have a good pump still I don't think its good to acquire them. Meme coins is a the area of lots of scammer and I don't want to get involve with it since I always think that we are just wasting our time and money with these scam tokens.

I usually warn my friends regarding on this and they should never invest with meme coin since as we know which also mentioned for many times in bitcointalk that this is scam and save theirselves since their are lot of investment option they could choose rather than to look only on single risky options they see. Usually token created is just imitation of other project name and there's nothing to look forward from it since usually they don't have utility and what surround them is just a pure hype.

[bangjoe]

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.

Don't be lured with its physical appearance, instead go look for its own value that will be good for long term. That's why DYOR should be our first step before we finally decide to chose to coins to invest. Also, by understanding the word itself meme, that's just an image made out from imitation just for the sake of entertainment, you will never be profitable on it for the long term, so just try to avoid investing on it to avoid future losses and regrets.

The current habit of people being tempted by meme coins is not because of the image or whatever it is that is seen from the entertainment, but the exponential returns, influencers usually show off their profits for investing in mem coins, so people who have a gambler's nature, they like to bet on the meme coins they buy and hope that tomorrow the goddess fortuna picks them up to see the world.

And yes, even if you understand degen or meme coins, don't ever think about long-term investment, because it is a bad decision in good investment management as a means to seek long-term profits.

[Viscore]

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.

In all honesty, only those who are less knowledgeable and just want get-rich quick profits get attracted with meme coins, as they find them more glittering compared to bitcoin. But when it comes to real value and profit consistency in the market, no one can beat bitcoin. Gone are the days where meme coins are in hype, they’re starting to turn into dead coins these days.

[Luzin]

In all honesty, only those who are less knowledgeable and just want get-rich quick profits get attracted with meme coins, as they find them more glittering compared to bitcoin. But when it comes to real value and profit consistency in the market, no one can beat bitcoin. Gone are the days where meme coins are in hype, they’re starting to turn into dead coins these days.

A good parable from the OP. Memes that have existed are more because of the hype, not because of their usefulness. Even I tend to avoid coin memes. Although I have some meme coins, they are coins that I bought and are ready to lose. So it's better if you buy and then sell when you're profitable. There is no advice to hold long-term, as they tend to lose price as you say.

[tvplus006]

Some of you might have come across mind blowing stories of how an investor turned few dollars into millions of dollars...

These lucky ones are not simple market participants, but represent teams of meme coins and their close friends. And the main goal of launching such meme coins is to make a profit at the expense of newcomers who came to the market after learning that someone once made a million by investing only $1.

[bananahunter67]

Most people who make gains on memecoins don't sell on time

[AprilioMP]

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.

The wait will not be in vain if it finally brings something good for us. Meme coins are just a trend and will not guarantee their shine like gold. I am not campaigning that meme coins are bad, but for me buying and holding meme coins is like wasting time on something uncertain. However, Bitcoin is certain and will not disappoint if waited for by holding. Every four-year cycle is a guide, so before that time comes, investing in Bitcoin and hodling is an action that will not make investors regret it. Not to be recommended, but this is for myself.

[Bd officer]

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.

Investing in Bitcoin can be thought of as risk-free. We know Bitcoin is also risky but if you hold Bitcoin for long time then it will not be risky you will definitely profit. Memecoins are like a storm, investing in memecoins can expect high profits but is very risky.

Yes, it's best to stay away from meme coins. Investing in memecoin can lead to many losses. Many people have lost a lot of money by investing in meme coin, they have not been able to recover yet. But those who invested in Bitcoin and suffered losses definitely managed to recover. However, those willing to take risks can invest in meme coins. To stay risk free, invest in Bitcoin and hold for a long time.

[doomloop]

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.

This shows that having money alone cannot make you a good investor. Many people think that they can become successful if they have a lot of money to use but that isn't true. If someone can lose $1m in a meme coin then you can imagine how much money such a person can lose in useless coins and tokens.

So it's all about knowledge and experience. Some whales invest large amounts in meme coins as well but they know what they are doing and their investments aren't based on mere speculations and watching the market for an hour, they research before they make their decisions.

We would not know if there were any hidden agendas behind this investment. Anyway, taking it to be true, investing 1M dollars into a memecoins is unwise decision.

It depends on the meme coin as well. Of course, if someone is investing such a large amount in a meme coin that appeared in the market just yesterday, they are going to get ripped off their money, but someone who does enough research and does the same in a meme coin that they know has been around for quite some time and isn't going to rugpull just because of their investment, they can get good profit from it.

[AVE5]

All that're typical hyping of the so Memecoins and it's similar to when we could figure out fake projects review comments. They're always well sugarcoated organized just to attract people to be victimized.
Ethereum has really displayed an open door for AltCoins which has foreseen the development of the MemeCoins and then there comes coins like Doge which has also created potential attractions in the crypto currencies.
Then all sorts of fake coins came to posses the crypto markets with their scamming schemes that is being much attracted to invest on in an onset while middle time or lather Investors are the targets to be scammed after much they have gained dominance in the industry.
Bitcoin has been high volatile currency in valuability which slowly ventures in fluctuations until it's increased in value while most of the MemeCoins are highily volatile with fluctuating dimensions heading deprecating while the coins value returns to zero and living Investors overnight robbery.

[ibuddy122505]

Investing in Bitcoin can be thought of as risk-free. We know Bitcoin is also risky but if you hold Bitcoin for long time then it will not be risky you will definitely profit. Memecoins are like a storm, investing in memecoins can expect high profits but is very risky.

Yes, it's best to stay away from meme coins. Investing in memecoin can lead to many losses. Many people have lost a lot of money by investing in meme coin, they have not been able to recover yet. But those who invested in Bitcoin and suffered losses definitely managed to recover. However, those willing to take risks can invest in meme coins. To stay risk free, invest in Bitcoin and hold for a long time.

Investing in meme coins and expecting guaranteed returns is completely rare. Meme coins can be exciting, also risky but sticking with Bitcoin or other major, proven coins is usually a safer bet anytime. Unfortunately people don't realize the risk until they fall victim to a scam, but if they catch on in time, there's still a chance to recover their money.

[FortuneFollower]

Some of you might have come across mind blowing stories of how an investor turned few dollars into millions of dollars...

These lucky ones are not simple market participants, but represent teams of meme coins and their close friends. And the main goal of launching such meme coins is to make a profit at the expense of newcomers who came to the market after learning that someone once made a million by investing only $1.

Yeah, usually that's how it goes
Only a small portion of the projects like that think about the community for real, and about the allocation and the future beforehand.
It's rare nowadays.

[deadsea33]

Investing in Bitcoin can be thought of as risk-free. We know Bitcoin is also risky but if you hold Bitcoin for long time then it will not be risky you will definitely profit. Memecoins are like a storm, investing in memecoins can expect high profits but is very risky.

Yes, it's best to stay away from meme coins. Investing in memecoin can lead to many losses. Many people have lost a lot of money by investing in meme coin, they have not been able to recover yet. But those who invested in Bitcoin and suffered losses definitely managed to recover. However, those willing to take risks can invest in meme coins. To stay risk free, invest in Bitcoin and hold for a long time.

Investing in meme coins and expecting guaranteed returns is completely rare. Meme coins can be exciting, also risky but sticking with Bitcoin or other major, proven coins is usually a safer bet anytime. Unfortunately people don't realize the risk until they fall victim to a scam, but if they catch on in time, there's still a chance to recover their money.

Yes you are absolutely right. meme coin is very risky and the reason people invest in it is because they want to get rich very fast. But they don't know that they are taking a big rick without their knowledge. But currently there are many coins that offer good returns to investors but it is really foolish to expect more. One thing I really like about you is that he doesn't know how big of a risk he is in until he gets scammed, which is great. I think investing in altcoin is much better than meme coin because it is much easier to recover the money even though it has risk.

[FortuneFollower]

Investing in Bitcoin can be thought of as risk-free. We know Bitcoin is also risky but if you hold Bitcoin for long time then it will not be risky you will definitely profit. Memecoins are like a storm, investing in memecoins can expect high profits but is very risky.

Yes, it's best to stay away from meme coins. Investing in memecoin can lead to many losses. Many people have lost a lot of money by investing in meme coin, they have not been able to recover yet. But those who invested in Bitcoin and suffered losses definitely managed to recover. However, those willing to take risks can invest in meme coins. To stay risk free, invest in Bitcoin and hold for a long time.

Investing in meme coins and expecting guaranteed returns is completely rare. Meme coins can be exciting, also risky but sticking with Bitcoin or other major, proven coins is usually a safer bet anytime. Unfortunately people don't realize the risk until they fall victim to a scam, but if they catch on in time, there's still a chance to recover their money.

Yes you are absolutely right. meme coin is very risky and the reason people invest in it is because they want to get rich very fast. But they don't know that they are taking a big rick without their knowledge. But currently there are many coins that offer good returns to investors but it is really foolish to expect more. One thing I really like about you is that he doesn't know how big of a risk he is in until he gets scammed, which is great. I think investing in altcoin is much better than meme coin because it is much easier to recover the money even though it has risk.

Yeah, fewer risks involved, and more utility at hand - if you are going at least mid-term, the decision is easy, really.
It boils down to what target a person is putting in front of himself, really.

[ekotyo24]

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.

True, such success stories often get the headlines and look impressive. However, what is often overlooked are the risks and losses experienced during the investment journey. Many of these seemingly successful investors may have experienced many failures and losses before finally succeeding. Memecoins and other speculative assets can be highly volatile and high-risk, and spectacular returns often come with enormous risks. It is important for investors to realize that for every success story, there are many undocumented failures and losses.

[mdzahed134]

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.

I always avoid to invest in MEME coins, it’s doesn’t matter to me even if big hype or trendy coins in the market, MEME coin is absolutely trap, if you invest big amount of capital, there are high chances to lose everything, no way to left without any losses, i faced big losses in a few coins. And even now i don’t following any influencer in social media, who guys have millions of followers they also promoting many SCAM coins because they're paid, so they don't care about which one will make profits or losses.

[wheelz1200]

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.

I've been saying it until I'm blue in the face.  99% of meemcoin buyers will ultimately get burned because they dint know how to pivot profits into good projects, starting with bitcoin.  Last me run was successful because it was the new thing and there weren't many coins to pick from.  Now there are too many and the money is spread way too thin.  It's also dragged in more scammers.  Not sure why anyone would risk a milli for something so stupid lol.

[X-ray]

I've seen the transaction and yes it's both sad and ridiculous, with that much amount of money, this guy could literally let it sit in some staking program and it will grow on its own, but nah, buying meme coin created by rugpullers seems more interesting for him.
this is why the meme coin trenches in solana is the worst speculation ever, too much rugpull the odd you will make some money is really low, at some point it will hurt solana itself as a blockchain and ecosystem that provides and facilitate rugpull.

the capital is escaping their platform because scammer and there's nothing they can do because anyone can deploy their own token. when capital is drained out, solana will hardly pump.