Avoid meme coins if you can!

[magnus2022]

Meme coins are mostly created for fun and making quick money. Most pump and dump is done with meme coins than most stable coins. Why is it so? Meme coins can easily be pump because the price is so low that few people can influence its movement. But is quite difficult to try to influence bitcoin or ethereum by few people
Therefore, it is advisable to avoid investing in meme coins.

 

[Fidelia]

Meme coins has proven overtime how valueless they truly are. Nothing more than tools of speculative bubble.

 

[mrki444]

Why? If you can earn with them, then join the race. Just don't invest to much money in it. Maybe 10$ to 50$ but not much over.

 

[Trush Jodie]

It is with meme coins that one is likely to encounter fake coins. The prices of meme coins can also be manipulated easily by the sharks.

 

[mrki444]

I know some people who constantly earn on Shiba and Pepe coin. They have millions of it and one jump cover all expenses. They even collect many of it just with claims. They sell it on higher price and buy it on lower price again. Difference stay in pocket.

 

[Suba]

In my experience, Hodling SHIB has resulted in losses, even though I invested from the start but when the price skyrocketed, I didn't sell all the SHIB but only sold 40% of the Shiba Inu I owned, after that the price fell.

 

[riberet19]

I will never invest in meme coins anymore, I was in them a little bit in 2019 and 2020, but not anymore, I prefer serious cryptocurrencies.

 

[Hate2Wait]

Thanks for the update and a friendly reminder. I have no plans to try meme coins and doing fine with my investment in LTC and have no plans to try any other coins at least for a few months.