Will people ever learn from "meme" coin scams?

[Abiky]

Baron Trump fake memecoin to President Javier milies meme coin were literally Ponzi schemes luring their victims with high returns. The crypto space is vast with alot of scammers launching fake memecoins to defraud people and majority of their victims are greedy people who sometimes knows the risks involved but still embark on it only to be defrauded of their hard earned money.

Before investing in any memecoins it is recommended to carryout proper research about the  coin, to know if there are authentic or not and since investing in memecoin is highly risky with no guarantee,it is considered wisely to only used your spare money to invest,invest with money you can afford to loose so incase the investments goes wrong you will able to Bear the loss.

In as much as there are  many fake memecoins fooding the vast crypto market, they're still good  and authentic memecoins worth investing but always invest wisely,use your spare money to invest as memecoins are consider highly risky due to their unstable violatility nature.

Do you know who else's fault is? Centralized exchanges. They tend to list any "shitcoin" that would generate them a lot of trading fees. People who see "meme" coins being traded on prominent crypto exchanges, will quickly believe they're legit (when in fact, they're not). I'd say regulators should hold these exchanges accountable for adding scam coins into their platform. If done right, the number of victims falling for these schemes would be greatly reduced.

Of course, greed goes above all else. Why do you think most noobs are even supporting centralized coins such as XRP and Solana? It's not because these coins have real use cases or are innovative, but because they have the ability to make noobs a lot of money. As long as there's money to be made, nothing else matters. Just my two sats.

[FinneysTrueVision]

If Pump.Fun’s declining volume and Solana’s price tanking are any indication then perhaps the trend is starting to die down. After Hayden Davis revealed how these launches are rigged so insiders can extract maximum profit, fewer people are willing to risk money in something that is guaranteed to rugpull and will try to rug in as short amount of time as possible.

Without any regulations, like there were with ICOs, it will probably take some time before memecoins completely go away, but I doubt we are going to see something as big as the Libra and Trumpcoin scams.

[EarnOnVictor]

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Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Let's consider memes as the ugly part of cryptocurrency that is inseparable from it, it's people who need to be extra careful. But many will not, do you know why? It's because they see memes as the fastest way to make a huge amount of money, so they prefer to gamble it than fold their arms idle and let possible opportunities pass them by. And of course, as you consider some a scam, many people have enriched themselves through memes, which is why it's difficult to pull off it.

[moneystery]

Let's consider memes as the ugly part of cryptocurrency that is inseparable from it, it's people who need to be extra careful. But many will not, do you know why? It's because they see memes as the fastest way to make a huge amount of money, so they prefer to gamble it than fold their arms idle and let possible opportunities pass them by. And of course, as you consider some a scam, many people have enriched themselves through memes, which is why it's difficult to pull off it.

many people believe meme coin as a quick way to make money. they better find a newly launched memecoin, and then invest some money in it... regardless of whether it will rugpull or not they don't really care, what they think is how the money they gamble on the meme coin can go up 1000% in a short time. if in the end it will rugpull, they will just consider it as bad luck and look for other fortunes in other memecoins.

it is very unfortunate that many people have this kind of thinking, and without them realizing that the many scam memecoins make the crypto industry bad in the eyes of people.

[Abco]

-snip-
Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Let's consider memes as the ugly part of cryptocurrency that is inseparable from it, it's people who need to be extra careful. But many will not, do you know why? It's because they see memes as the fastest way to make a huge amount of money, so they prefer to gamble it than fold their arms idle and let possible opportunities pass them by. And of course, as you consider some a scam, many people have enriched themselves through memes, which is why it's difficult to pull off it.

Meme coins continue to be poplar because many people what to make money on them. They want to earn money and hope to earn money but it does not mean that they really earn money on meme coins.

[Dr.Bitcoin_Strange]

 Whether they learn or not, there will always be investors willing to try their luck and sometimes they usually get lucky and if they are also unlucky, they accept their faith. It's because of the scam issues with meme coins that newbies doesn't need to start off their investment with meme coins until they are knowledgeable enough to understand how the system works and how to apply proper risk management that can help them prevent severe losses.

[Immobilium]

Whether they learn or not, there will always be investors willing to try their luck and sometimes they usually get lucky and if they are also unlucky, they accept their faith. It's because of the scam issues with meme coins that newbies doesn't need to start off their investment with meme coins until they are knowledgeable enough to understand how the system works and how to apply proper risk management that can help them prevent severe losses.

Only those who invest a lot lose a lot. And the number of meme coins is not decreasing. This means that there is a demand for meme coins and their number continues to grow as people still want to earn more and more from them.

[uneng]

Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.

Because they pursue profit margins of x100 or x1000, and Bitcoin plus Ethereum can't provide that return anymore on short or medium term, considering the current level of consolidation they already reached.

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

I believe people who have already been scammed or exposed to scams have more chances of learning to not fall for further similar schemes in the future. It means investors who are already part of this industry are prone to learn with their own mistakes.

However, there are always newbies starting their journeys in crypto industry all the time, so this public is the most likely one to fall for the scams of the next bullish cycle. That is why we never get rid of scams. There are always new schemes, because there is always new people getting in touch with them for the first time.

[CroverNo01]

Whether they learn or not, there will always be investors willing to try their luck and sometimes they usually get lucky and if they are also unlucky, they accept their faith. It's because of the scam issues with meme coins that newbies doesn't need to start off their investment with meme coins until they are knowledgeable enough to understand how the system works and how to apply proper risk management that can help them prevent severe losses.

The risks management involved in these memecoins are calculated, we do what's best for us to stay on the winning side. Nothing pains more than investing in memecoins with the expectations of hitting major profits only to see your account running at a loss because the memecoins bagged was all irrelevant from the early existence in the crypto market. How do one recover from this? Memecoins scam is now popular in the space, we should be careful when dealing with these memecoins because we have absolutely no idea on how to couple up things here.

[Kusunoki_Samurai]

Whether they learn or not, there will always be investors willing to try their luck and sometimes they usually get lucky and if they are also unlucky, they accept their faith. It's because of the scam issues with meme coins that newbies doesn't need to start off their investment with meme coins until they are knowledgeable enough to understand how the system works and how to apply proper risk management that can help them prevent severe losses.

The risks management involved in these memecoins are calculated, we do what's best for us to stay on the winning side. Nothing pains more than investing in memecoins with the expectations of hitting major profits only to see your account running at a loss because the memecoins bagged was all irrelevant from the early existence in the crypto market. How do one recover from this? Memecoins scam is now popular in the space, we should be careful when dealing with these memecoins because we have absolutely no idea on how to couple up things here.

It should always be remembered that the higher the expected profit, the higher the risks. These  meme coins are especially popular because they offer too high a profit. Everyone wants to have quick and easy money. But you should never forget about the risks.

[supine]

There have been many rugpulls from "meme" coins recently. From Barron Trump's fake "meme" coin, to President Javier Milei's "meme" coin meltdown, there's been a pattern of rugpulls and scams. People turn into such coins out of pure greed without realizing the consequences of doing so. Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Your input would be greatly appreciated. Thanks.

I don't think that it would ever stop. After all we still have signal groups up till this day.
They would continue to risk in meme coins because there are some who gains so much from risking in it same as those who follows signal groups.

[CTM_Marketing]

There have been many rugpulls from "meme" coins recently. From Barron Trump's fake "meme" coin, to President Javier Milei's "meme" coin meltdown, there's been a pattern of rugpulls and scams. People turn into such coins out of pure greed without realizing the consequences of doing so. Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Your input would be greatly appreciated. Thanks.

I don't think that it would ever stop. After all we still have signal groups up till this day.
They would continue to risk in meme coins because there are some who gains so much from risking in it same as those who follows signal groups.

If people will continue to lose money someday they will stop to invest in them. Now many people stopped to invest in new and unknown altcoins. The same situation will be with meme coins too.

[Reatim]

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

it will only stop when people are no longer earning from memecoins. yes earning from memecoins is still not as easy and guaranteed but there is always still a small chance that people like to cling on to.

as long as they hear people earning from memecoins they will never learn. look at nfts, no one is really talking about it anymore and that’s because not many have proven to be successful with nfts so many people lost interest

[Bushdark]

-snip-
Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Let's consider memes as the ugly part of cryptocurrency that is inseparable from it, it's people who need to be extra careful. But many will not, do you know why? It's because they see memes as the fastest way to make a huge amount of money, so they prefer to gamble it than fold their arms idle and let possible opportunities pass them by. And of course, as you consider some a scam, many people have enriched themselves through memes, which is why it's difficult to pull off it.

Not all memecoins are bad but majority are but to be trusted because this is one of the ways majority of these scammers are using to steal from people that are not aware of their scamming attempts. Memecoins are very profitable which is why many investors are always trying to invest in new memecoins so that they can make money from such projects. Many would put large amounts of their hard money into memecoins so that they can make lots of profits from the project but most time the opposite is what happens with a big loses to investors that invested their hard earned money in the project.

[ndutndut]

There have been many rugpulls from "meme" coins recently. From Barron Trump's fake "meme" coin, to President Javier Milei's "meme" coin meltdown, there's been a pattern of rugpulls and scams. People turn into such coins out of pure greed without realizing the consequences of doing so. Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Your input would be greatly appreciated. Thanks.

The reason people still invest in meme coins even though they realize meme coins are partly scams is because they want to get rich quick. Because for them this is a risk taker and an opportunity hunter. That's why they don't give up investing in memecoin even though there are other coins that have good fundamentals like BTC, ETH and other top coins because they like high adrenaline and hope to get double the profit and this is where risk and opportunity go hand in hand. But unfortunately there are some as beginners who also follow it so they experience losses because they don't have knowledge about memecoin.

Those who like to invest in memecoin are like gambling because the positive impact of meme coins can generate very high profits even beyond reason and the negative impact of meme coins, coins that are very liquid and volatile have very high volatility. If I myself have decided to only trade in coins that are already popular and have a large market volume value, I think it is safer than taking the risk of profit by speculating on memecoin.

[doomloop]

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

I believe people who have already been scammed or exposed to scams have more chances of learning to not fall for further similar schemes in the future. It means investors who are already part of this industry are prone to learn with their own mistakes.

However, there are always newbies starting their journeys in crypto industry all the time, so this public is the most likely one to fall for the scams of the next bullish cycle. That is why we never get rid of scams. There are always new schemes, because there is always new people getting in touch with them for the first time.

It's not even newbies only that fall for scams, the ability of a scam is that it convinces you that it is not a scam and if they do a great job of it then they can convince even some veterans to bu. I have seen people who have been here for 5+ years that fall for some scams, because to be fair and honest the scam looked pretty legit and promising.

To be fair, even this whole new Trump coin was a "scam", if anyone else did it, we would all be calling it a scam, but because it's Trump, "some" people keep defending it. Reality is, we just saw some use their fame, to create a memecoin, sell it, and then take the money and leave, nothing more. In other projects that would be a scam. So believe me, plenty of veterans fall for it too.

[SOKO-DEKE]

There have been many rugpulls from "meme" coins recently. From Barron Trump's fake "meme" coin, to President Javier Milei's "meme" coin meltdown, there's been a pattern of rugpulls and scams. People turn into such coins out of pure greed without realizing the consequences of doing so. Why won't they choose Bitcoin or Ethereum instead? I can't understand why people keep falling into these schemes.

Will people ever learn from "meme" coin scams? What will it take to put a stop to this madness?

Your input would be greatly appreciated. Thanks.

If people are still putting their money into Ponzi schemes despite knowing that they are Ponzi schemes full of risks and with no assurances that anything will come out of them except losing their money and thinking luck will work out, I think some people will never stop investing in meme coins, even if they are warned not to.

Some people are so eager to make money easily, regardless of the type of risks involved. Those investing in meme coins and getting scammed already know that meme coins are often scams. Bitcoin, on the other hand, is the best coin to invest in with less risk, but they still won’t invest in Bitcoin because the kind of luck they’re looking for is something Bitcoin will never provide with their small investment capital, especially within the short periods they set for themselves.

Even meme projects won’t provide those kinds of returns, but they just want to try them because they see information online about others making big profits from meme coins. However, they never ask themselves how many people are losing money in meme projects.

[Abiky]

If Pump.Fun’s declining volume and Solana’s price tanking are any indication then perhaps the trend is starting to die down. After Hayden Davis revealed how these launches are rigged so insiders can extract maximum profit, fewer people are willing to risk money in something that is guaranteed to rugpull and will try to rug in as short amount of time as possible.

Without any regulations, like there were with ICOs, it will probably take some time before memecoins completely go away, but I doubt we are going to see something as big as the Libra and Trumpcoin scams.

Let's not forget about the Terra/LUNA scam too. It wasn't a "meme" coin, but it led investors towards huge losses as a result of false promises. With a guy like Elon Musk shilling Dogecoin, don't expect the craze to go away anytime soon. People tend to follow what's "hot" (as in popularity) without doing prior research. It's this reason why many fall for "meme" coin scams.

Luckily for the industry, regulators are paying close attention to these developments. As long as scammers are put under control, the number of losses will stay at the minimum. Just my thoughts

[bitgolden]

Honestly, there are a lot of people who are just willing to lose. They don't care if the result is a bad one, because all they care is the chance to make a lot of money, because they think they can't make that money any other way, not with btc, not with eth, not with any big names.

I understand wanting to do better with other stuff, but that doesn't mean that we are going to end up with a good result, we just need to make sure that we know what we are dealing with here, it's people who just put up what they can lose. Of course there are also some people who put all they have, that is a bad one and they shouldn't do that but I am pretty sure that is not all the memecoin investors, only a small part of it for sure.