Memecoins no longer pastime.

[HawkTrader]

If someone told me we'll get to where memecoin launchpads like pumpdotfun and odindotfun produces huge volumes everyday, I'll probably laugh my ass to "coma" but here we're today savouring these moments and prolly saying memecoins are the best things that have happened during bears of 2021 - 2023.

What has helped it more is the assumed delay of Alt season that have reduced lots of us to bag holders.

The obvious alternative is memecoins trading where degens could easily rack in 2x daily just like what I got recently on $Luckycoin (+322%) while attempting some trading comp.

*Unfortunately I can't attach my pnl card lol

[passwordnow]

I think for this season, the memecoin moments are already done.

but here we're today savouring these moments and prolly saying memecoins are the best things that have happened during bears of 2021 - 2023.

Don't forget last year, 2024. Many meme coins have pumped a lot that year.

The obvious alternative is memecoins trading where degens could easily rack in 2x daily just like what I got recently on $Luckycoin (+322%) while attempting some trading comp.

I wouldn't advise anyone to trade that don't really have an idea of doing it. It's easy to say that they might make 2x or even more by trading their favorite memecoins but, it's not always the case. So this post says that 90% memecoin traders are losing money. There's also the chart of it.

[gunhell16]

I've read a lot that's not good about that pumpfun, because most of the meme coins that we know and hear about come from platforms that are under the solana network because with a very cheap amount of dollars you can create meme coins in just a few minutes.

And because of this system that exists, until now many people still rely on luck because they saw many communities still hoping that they would hit the jackpot
here with meme coins which is not really true.

[Kamelio258]

If someone told me we'll get to where memecoin launchpads like pumpdotfun and odindotfun produces huge volumes everyday, I'll probably laugh my ass to "coma" but here we're today savouring these moments and prolly saying memecoins are the best things that have happened during bears of 2021 - 2023.

What has helped it more is the assumed delay of Alt season that have reduced lots of us to bag holders.

The obvious alternative is memecoins trading where degens could easily rack in 2x daily just like what I got recently on $Luckycoin (+322%) while attempting some trading comp.

*Unfortunately I can't attach my pnl card lol

In any case, this is a dying topic. People have realized that it's an unreliable prospect, so they're holding more of their money in stablecoins.

[Hispo]

Heh, we are at a stage in which memecoins have devolved into some kind of gambling, in my opinion. When memecoins were actually about fun and memes people did not take them seriously and still, they were there, with a very good volume and high liquidity.
Now it is different, memecoins are being used a day tool for a few number of people to get most of the money, while the majority is left holding the bag forever.

I would not even be surprised there are some dedicated groups of scammers in countries like India and Russia which spend the whole year creating, hyping, pumping and then dumping memecoins continuously for the sake of getting millions of dollars from clueless investors and people who believe they can outsmart the market and scammers.

Don't be fooled. Trading and mess with current memecoins is nothing but a very fragile and slower version of "crash".

[mich]

Well there is a meme coin it did make me think I maybe want to invest in some more meme tokens. It made biggest gains on coinmarketcap in last 7 days.
The meme coin is called Bonk and it is up more then 50 percent in last 7 days. It does not mean it will become a 'rug pull'. But when any coin does make this kind of gains it will make us pay attention to it.
https://cryptopotato.com/why-is-bonks-price-up-by-50-weekly/

[MArsland]

I've read a lot that's not good about that pumpfun, because most of the meme coins that we know and hear about come from platforms that are under the solana network because with a very cheap amount of dollars you can create meme coins in just a few minutes.

And because of this system that exists, until now many people still rely on luck because they saw many communities still hoping that they would hit the jackpot
here with meme coins which is not really true.

I am not good at playing in meem coin so until now the buzz about meme coin has not succeeded in tempting me. Some platforms seem to survive quite well but with the process of making meme coins getting easier it is certainly getting harder to filter them. When altcoins are not given a chance in this bullrun market, meme coins are not really getting a good flow from investors.

[Iamcrypticguy]

If someone told me we'll get to where memecoin launchpads like pumpdotfun and odindotfun produces huge volumes everyday, I'll probably laugh my ass to "coma" but here we're today savouring these moments and prolly saying memecoins are the best things that have happened during bears of 2021 - 2023.

What has helped it more is the assumed delay of Alt season that have reduced lots of us to bag holders.

The obvious alternative is memecoins trading where degens could easily rack in 2x daily just like what I got recently on $Luckycoin (+322%) while attempting some trading comp.

*Unfortunately I can't attach my pnl card lol

Wish you could show you my PnL card. That would explain everything, haha. Anyway, memecoins feel kind of overdone now. Not many real winners left, it’s more like survival of the fittest. Still, there are some tools that help you get in early and stay ahead. What tools do you use to find and trade memecoins?

[HawkTrader]

I've read a lot that's not good about that pumpfun, because most of the meme coins that we know and hear about come from platforms that are under the solana network because with a very cheap amount of dollars you can create meme coins in just a few minutes.

And because of this system that exists, until now many people still rely on luck because they saw many communities still hoping that they would hit the jackpot
here with meme coins which is not really true.

I am not good at playing in meem coin so until now the buzz about meme coin has not succeeded in tempting me. Some platforms seem to survive quite well but with the process of making meme coins getting easier it is certainly getting harder to filter them. When altcoins are not given a chance in this bullrun market, meme coins are not really getting a good flow from investors.

I think memecoins selections are evolving to minimize loss. With an advanced AI scoring mechanism and AI trained analytics tool, some cexes like Bitget help traders to filter potential memecoins from rug-traos. Most of my trades are done there.

One more thing, it isn't wise to invest in memecoins because they're majorly shitcoins; so we tend to trade them only when they're in their best moments.

[HawkTrader]

If someone told me we'll get to where memecoin launchpads like pumpdotfun and odindotfun produces huge volumes everyday, I'll probably laugh my ass to "coma" but here we're today savouring these moments and prolly saying memecoins are the best things that have happened during bears of 2021 - 2023.

What has helped it more is the assumed delay of Alt season that have reduced lots of us to bag holders.

The obvious alternative is memecoins trading where degens could easily rack in 2x daily just like what I got recently on $Luckycoin (+322%) while attempting some trading comp.

*Unfortunately I can't attach my pnl card lol

Wish you could show you my PnL card. That would explain everything, haha. Anyway, memecoins feel kind of overdone now. Not many real winners left, it’s more like survival of the fittest. Still, there are some tools that help you get in early and stay ahead. What tools do you use to find and trade memecoins?

I've mentioned some existing tools in only message above. But still, it's better you double-check to avoid imminent loss. Sometimes, I hedge my losses by leveraging events like this

https://x.com/bitgetglobal/status/1942161761169203234

[doomloop]

I've read a lot that's not good about that pumpfun, because most of the meme coins that we know and hear about come from platforms that are under the solana network because with a very cheap amount of dollars you can create meme coins in just a few minutes.

And because of this system that exists, until now many people still rely on luck because they saw many communities still hoping that they would hit the jackpot
here with meme coins which is not really true.

I am not good at playing in meem coin so until now the buzz about meme coin has not succeeded in tempting me. Some platforms seem to survive quite well but with the process of making meme coins getting easier it is certainly getting harder to filter them. When altcoins are not given a chance in this bullrun market, meme coins are not really getting a good flow from investors.

You already know that you are not good at them, so meaning the buzz about them has once successful on tempting you. Maybe if the alt is not good, or doesn't have an interesting use case, then they may not be given a chance in a bull market but whatever, meme coins are still separated, so they can pump whenever they like. We are often told to diversify, so people will also think to diversify in the meme coins once they see that alts are not doing well.

@gunhell16, so you are like blaming the two? (Pumpfun and Solana) but I'd say this is not their problem. They are only an instrument. The rest that you said is true. With so many people that try, there is of course that got lucky and make a fortune.

[ndutndut]

I've read a lot that's not good about that pumpfun, because most of the meme coins that we know and hear about come from platforms that are under the solana network because with a very cheap amount of dollars you can create meme coins in just a few minutes.

And because of this system that exists, until now many people still rely on luck because they saw many communities still hoping that they would hit the jackpot
here with meme coins which is not really true.

I am not good at playing in meem coin so until now the buzz about meme coin has not succeeded in tempting me. Some platforms seem to survive quite well but with the process of making meme coins getting easier it is certainly getting harder to filter them. When altcoins are not given a chance in this bullrun market, meme coins are not really getting a good flow from investors.

I'm also not very experienced in trading meme coins, and many people advise against them due to the extremely high risks. The risks of trading meme coins include high price volatility, potential fraud, and a lack of real utility. Furthermore, meme coins are highly susceptible to market manipulation, especially when endorsed by crypto influencers.

Therefore, I strongly avoid meme coins because, in my opinion, they are the most volatile and sometimes illogical assets. We can make huge profits or suffer significant losses. Meme coins generally lack clear fundamentals, making them very dangerous. I only recommend meme coins for short-term trading. If you make a small profit, sell it immediately and transfer it to BTC for the long term. But if you really don't understand anything about meme coins, don't even try.

[robelneo]

One more thing, it isn't wise to invest in memecoins because they're majorly shitcoins; so we tend to trade them only when they're in their best moments.

It’s unwise, but our greed and love for quick profit made many of us take the risks. It’s the riskiest investment in the market because its only purpose is to pump and dump.
If you do not know how to play this game or your funds are limited and you cannot take the risks of losing your funds, then don’t join even if the temptation is very high, you are better investing on proven coins or tokens, when it comes to investing in the market know your limitation to keep your funds safe.

[alani123]

The memecoin boom was also big in 2021. Millions were lost on these schemes and some became very rich doing it.

Prior to this we had seen similar patterns. ICOS in 2017 and the shitcoin boom in 2013 and onwards with altcoins.

Less than 2% of these survive. Historically it's been exactly the same with no exceptions. But with memecoin it lasted longer due to the extended bull market. Wait till the next best market and you'll see it dies out.

[gunhell16]

I've read a lot that's not good about that pumpfun, because most of the meme coins that we know and hear about come from platforms that are under the solana network because with a very cheap amount of dollars you can create meme coins in just a few minutes.

And because of this system that exists, until now many people still rely on luck because they saw many communities still hoping that they would hit the jackpot
here with meme coins which is not really true.

I am not good at playing in meem coin so until now the buzz about meme coin has not succeeded in tempting me. Some platforms seem to survive quite well but with the process of making meme coins getting easier it is certainly getting harder to filter them. When altcoins are not given a chance in this bullrun market, meme coins are not really getting a good flow from investors.

You already know that you are not good at them, so meaning the buzz about them has once successful on tempting you. Maybe if the alt is not good, or doesn't have an interesting use case, then they may not be given a chance in a bull market but whatever, meme coins are still separated, so they can pump whenever they like. We are often told to diversify, so people will also think to diversify in the meme coins once they see that alts are not doing well.

@gunhell16, so you are like blaming the two? (Pumpfun and Solana) but I'd say this is not their problem. They are only an instrument. The rest that you said is true. With so many people that try, there is of course that got lucky and make a fortune.

I'm not blaming them, but you're right that they both became instruments, and besides this, other communities also seem to have made hunting for meme coins a real job.
That's probably why many of them are also looking for their luck by looking for pump.fun

Because there are always sudden 100x up to 1000x price increases, that's why it's not easy to find meme coins like this that we can say we're lucky here.

[Barikui1]

The memecoin boom was also big in 2021. Millions were lost on these schemes and some became very rich doing it.

Prior to this we had seen similar patterns. ICOS in 2017 and the shitcoin boom in 2013 and onwards with altcoins.

Less than 2% of these survive. Historically it's been exactly the same with no exceptions. But with memecoin it lasted longer due to the extended bull market. Wait till the next best market and you'll see it dies out.

One terrible mistake most Investors make with meme coin or shit coin as we usually calls it is that they sees it as an investment, which is wrong, meme coin are meant for gambling purpose, so if you wish to gamble with it, it is best to use an amount you can afford to lose so that if things doesn't goes as planned, you wouldn't be that bothered by the losses.
Till today meme are still making people millionaires, and it's also wrecking investors financially, so it's an asset that should be treated as gambling, not a real asset like Bitcoin.
Finally, risking your hard earned money on meme coin is not a bad idea entirely, as long as it's a calculated risk with an amount you can afford to lose.

[arwin100]

The memecoin boom was also big in 2021. Millions were lost on these schemes and some became very rich doing it.

Prior to this we had seen similar patterns. ICOS in 2017 and the shitcoin boom in 2013 and onwards with altcoins.

Less than 2% of these survive. Historically it's been exactly the same with no exceptions. But with memecoin it lasted longer due to the extended bull market. Wait till the next best market and you'll see it dies out.

One terrible mistake most Investors make with meme coin or shit coin as we usually calls it is that they sees it as an investment, which is wrong, meme coin are meant for gambling purpose, so if you wish to gamble with it, it is best to use an amount you can afford to lose so that if things doesn't goes as planned, you wouldn't be that bothered by the losses.
Till today meme are still making people millionaires, and it's also wrecking investors financially, so it's an asset that should be treated as gambling, not a real asset like Bitcoin.
Finally, risking your hard earned money on meme coin is not a bad idea entirely, as long as it's a calculated risk with an amount you can afford to lose.

Always the devs of those meme coins became instant millionaires, but the investor? some of them made a good fortune and unfortunately many of them especially doesn't have any idea how meme coin works then just try to invest on this because they are driven by their greed lose their money.

That's why I'm always not favor on this type of investment since people would provably experience losses than being lucky on the meme coin they choose to invest. Maybe there are some few people became rich but the statistics of people lose their money on the scene is so high. If they still want to invest and take the risk better use the money they can afford to lose this is the only most generic advice we can give to those new investor who's willing to explore the scene.

[justdimin]

The obvious alternative is memecoins trading where degens could easily rack in 2x daily just like what I got recently on $Luckycoin (+322%) while attempting some trading comp.

I need to praise your honesty on where you are affiliated but I disagree with your intension of misguiding naive people toward scopeless trading. You can say whatever fancy things you enjoyed while day dreaming but we have seen and experienced all the cruelty of trading. Memecoins are extreme shitcoins and mixing them with trading not a wise thing for a crypto adapter rather they must stick within bitcoin hodling.

Till today meme are still making people millionaires, and it's also wrecking investors financially, so it's an asset that should be treated as gambling, not a real asset like Bitcoin.

Gambling similar things never make 50% of people millionaires and making the rest poor. It must be less than 1% who are sucking money from the rest. So, we should not simply move on but we should spread the awareness on dangers of memecoins desperately so that at least 1 or 2 people may learn and safeguard themselves.

[Akbarkoe]

Meme coins are being used as a gambling tool by shitcoin players, and that's certainly creating a bad trend. But you're right, meme coins aren't just entertainment in the case of crypto. It's no joke that Dogecoin is considered entertainment because it's in the top 10 on CMC and is a successful project that has generated such significant capitalization.

However, whatever meme coins are, they will eventually return to their original purpose: entertainment. So don't hold onto them too long until you lose your bet.

[danherbias07]

This makes a newbie think that he may have a chance to make money by trading memecoins. My advice: Don't jump the gun. Take your time to research and savor that time doing all the homework and checking each meme coin first. Because when you get used to doing it, it gets boring. So, just enjoy it.

I do agree that we can make money out of trading them, but we must also be careful in doing so. When we buy loads of memecoin we are also taking a high risk. This is actually not new anymore, and it happened during the ICO days, where new coins keep on coming out with different projects backing them up, but still, they will either be like bubbles popping or they will lose their value in the short run. That is what we must be careful about.