A heads-up for those trading meme coins and altcoins

Not all altcoins are worth it, especially meme coins which can really be a disaster. Take the memecoin Libra that was pushed by Argentina’s president, Javier Milei. There were reports about it being messed with through insider trading. I’m not saying the president is shady or anything. What’s interesting about all this is that trading these memecoins isn't really trading it's more like gambling. That's a crucial point for newbies to realize. A lot of folks here (including me) understand how easily the altcoin market can be rigged. It's pretty clear. A coin can go up tenfold in a matter of minutes and then crash. Just remember, there are people holding a massive chunk of these coins, playing games with the market and cashing in on those who are trying to trade.

I hope that are very fan of meme coins will take their time in dropping by on this thread. The memecoins market is really heavily manipulated and do not be surprised if after placing a couple of bucks in there, it won't just be pumping quickly. Don't also be convinced with the stories that are used for marketing with some memecoins that made someone an early investor and a millionaire. They're all marketing and PR stories. It's still best to go slow with BTC and other top altcoins, if they cannot stop investing into altcoins.

The problem is that beginners think they can manipulate the market or benefit from the pumping while they are the ones who lose. They see that losing $100 is not a problem, but such losses are what make such a scam profitable and thus they continue to create more meme coins.

Newbies tend to follow trends, which is why they often fall for this trap. There have been successful meme coins like Doge and, more recently, Trump Coin, making them believe these investments are legit and will generate profits if they hold long-term. But as we've seen, it's more like a pump-and-dump scheme, early investors may cash out with gains, while those who jump in late, often due to FOMO, end up regretting it. That's just how the game works. if we try to look at the report, we will understand how risky it is as the failure rate is very high. https://cryptorank.io/news/feed/78edf-a-shocking-number-of-meme-coins-have-failed-in-2024-study

It is for this reason that it always hits me hard to use my   money to want to invest in any memecoin, better I direct such money into my sports betting where I could do a thorough analysis and be quite convinced which team is favourite to win, at least we don't get to see these seamless manipulations as it's done with altcoins where the highest hodlers of the coins or Devs could do what they want whenever they want at the detriment of small retailers.  It's a lucrative business for those that are into it (the Devs) and why we get to see thousands of memecoins created and it will baffle you to know that it's from same circle.

Like it or not, memecoin is a coin that is very easy to manipulate and it has been going on for a long time. They can very easily manipulate the price and usually it is only for their own benefit. So we must really understand how this memecoin works if we are interested in entering the memecoin market. Whales are usually people who are very easy to do that because they have very large capital to influence or manipulate the market. Not playing around when experiencing an increase, memecoin will experience a very high increase and when there is a decrease it will also be the same.

Altcoins trading is similar to gambling at a large extent, especially the new altcoins. A typical example is the move that the dodo token did last week. Any of you can go and check it out, I was tracking the token (DoDo) last week and I saw a manipulative move creating a huge imbalance on the chart which by right, those imbalance was supposed to be an area that price would have definitely reacted to but those imbalance was totally neglected and the market dumped down badly again after the pump. People, especially newbies should just trade cautiously with new and some old altcoins.

They try to bet, lose money and come back with not only another bet but many bets. $100 is not small money for many people but assume it is small, if mistake repeats many times, like 10 times, 100 times, total loss will be like $1,000 or $10,000 and it is no longer small money. Scammers can be rich by collecting "small" money from individual naive people, but their net successful scam value is big.

I doubt that any newbie trying to trade new and old altcoins is a newbie anymore because they may have just become pro at trading just newly launched altcoins when it pumps, just to grab their share of the quick profit and then diversify or quit in total until another shitcoins pumps. In all though, such risky investment moves may just be likened to high risk gambling where the risk level is higher but the rewards if it turns out right, is massive and can make one instantly very rich. The best method of investment right now for newbies is the DCA strategy and it should work well for notable popular altcoins and cryptocurrency that have been in the market for long time now and still promises to do so in the long run.

Altcoins trading can be easily manipulated especially considering memecoins. Those that trade and make profits from memecoins are purely gamblers that know what they are doing. Can be a huge disappointment when a newbie try to trade many of these altcoins with the intention to make profits from the market. The manipulation in the market is very tricky and sometimes you may think that it is real without knowing that there are group of people that are always looking for ways to manipulate the market.

Memecoins and altcoins are trends of the market. Clearly differences is shared, we should always follow price action and not market trends. We invest in solid projects that will be prominent in the close future. The market is vast and its core duty we understand the system, we should be able to comprehend our attention and action on the sector that we're familiar with and ensure to lay our hands on profits. The manipulation of the market is caused by the high volatility of the system, there are more enchancing ways the market can make us panic and we know what that means? Losses starts to step in.

What scenario I can see is that they could lose $100 from one memecoin that is pumping and dumping and then they think they can make it to another memecoin just trying to get back that loss and then they lost another $100. From one memecoin to another  and they lose their capital for doing all these. I know this because I have seen myself chasing one loss to another just trying to earn a bit. The good side of all these is that a newbie can learn well from this experience.

Milei was involved directly or indirectly. Directly because he gave them the platform to run their LIBRA shitcoin scam on and indirectly because he "claimed not to know anything" about crypto or the implications of the post before posting it. Let's not forget that Kanye west brought more info to light that shows that those celebrities that claimed that shitposted memecoins were never hacked. Observe: My opinion is that they never expected that much backlash and wanted to just do it and siphon off the profits via a one-sided sell liquidity.

Regardless if we are trading altcoins or not, the fact remains that trading still turns into gambling if you don't have the adequate knowledge and skills that will make you a reliable and successful trader. That's why proper research and good market analysis are a must, so that trading outcomes will never lead you to certain mistakes and losses. However, for those who chose to trade with meme coins and altcoins, there's no wrong with it if you know how to deal with its risks. It will only turn to losses if you don't know how to trade them at its perfect timing.

This is actually right but there is definitely more to just knowledge in trading memecoin than we can say, memecoins are purely manipulative and insider informations are what is needed except a big community memecoin lunched and that also easily dies off after few days. A clear example of this big community listed memecoins dying are Trump, Pnut and Chillguy, all these three tokens were heavily traded that they all got exchange listing far more easy than even utility altcoin tokens, but still after a while they are more than -90% down. For me those that actually get to benefit from Memecoins are those that gamble away their few dollars on many of them with the hope of hitting it big on one one day. Specific knowledge about memecoin isn’t there although they have people who specifically trade them and are called Degen traders but this traders aren’t just using mere chart knowledge but rather are part of a group of devs who list this coins

That is a fact with memecoins. They can easily be manipulated not only by the developers but also the whales for which they've been doing in the market. That's why whoever bites the trap that they have made for these poor people that are hypernatics of these memes. The money that will come from them will be totally devoured by these manipulators and that's all it for them. And they will easily do what they have to do by simply making new hypes and memes again.

We all know how risky it is trading with altcoins and meme coins. However, newbies won't realize that immediately. In fact, what they believe is that trading with altcoins is the best way to be in profits, because that's what influencers have been telling them all throughout. If only newbies are focused more in this forum and learn within the process, they will not rush into trading. But I think influencers have more irresistible power that any newbie is bound to fall for it. And that they will only learn their lesson once they are already trading and losing.

Oh, I 100% know it's gambling, especially with meme coins. I mostly do it with that kind of mindset anyway, and of trying to be the first for it whenever it happens. I never try to hold it since, well, I don't think holding it off would be a really great idea on a gamble coin lol. I think I've only done it a few times last year even.  A few meme coins I bought was lucky enough to pump and I just sold after. Some didn't, but they were of really small amounts anyway. Anything bigger sounds kind of dumb to do to me.

At first place, the Argentinian president must know himself that meme coins can be manipulated by a few whales before promoting one. I'm already thinking if the President is just now that knowledgeable when it comes to new meme coins, or he's one of the manipulators himself. I don't want to tell that he's dumb that he doesn't know how the meme coins move so I'm leaning towards the 2nd one that he's one of the manipulators. Just avoid new coins especially meme coins. That's the best thing to do especially when you're a newbie. In that case, you will keep yourself safe from being dumped in your face. That way, you will not be losing huge money in just a span of minutes. Yes, seeing these meme coins pumping can be attractive and for newbies, they will think that they can do the same as well, but hunting for meme coins that will have the same type of movement is overwhelming already. You don't even know which coins will pump as well, and by the time you find one, there's a chance that it got pumped already, and you don't want to invest when it's pumped already, right? At the end of the day, I just hope that investors will come up to their senses and will think that investing into meme coins is just gambling, and I hope that they will put their money into way safer assets like Bitcoin and other established coins out there.

I have seen many stories, where newbies decide to trade in newly listed coins and meme coins in the market, they think the price is cheap and will pump a lot, so they focus on such coins and as a result they lose a lot of money. We know trading is risky, if not analyzed properly there will be loss. Yes, it's true that trading meme coins is very risky, which can be said to be like gambling. Now since trading is risky, beginners should focus on investing in bitcoins rather than trading. If you want to trade, trade with coins like Bitcoin and Ethereum, which are less risky.