Hey crypto community, with the recent upward trend in the market, I’ve noticed some traders cashing in on Bitcoin futures, which I honestly don’t think is the best move.
It’s kind of wild how some memecoins (not all) have been doing really well lately. A few weeks back, I was checking out exchanges for good early buy options and ended up snagging DARK, MUTUMBO, and a few others on Bitget Onchain after looking at their ratings. I went in expecting only a small return, but their performance blew me away.
But it stung a bit to see those who got in on TRENCHER and HOUSE way before me raking in over 1000%. I found out about those coins when they started trending over the weekend. I can’t stop thinking about whether anyone else made a killing on those two. What hurts the most is I saw them early but didn’t act on it, while those who bought in early are now sitting pretty. I’ve realized getting in early is crucial for making good profits with memecoins. Did anyone else jump on these coins?
How do you spot early opportunities in memecoins?
18 replies 229 views
raven_2014Full Member
Posts: 49 · Reputation: 370
#2Jan 3, 2020, 05:11 PM
You are not wrong here, you are actually right, early entry is very vital if you want to be profitable in the meme coin market, but take note that late entry will get you burnt, or buying the wrong asset will get you burnt, so what do you call something like this?
In my own opinion, is more of gambling than investing because even though you enter very early, if it's the wrong asset you will still get burnt, if am wrong please correct me, this is the real fact about meme coin, that's why they are called shit coin, because they live on hypes and speculations, unlike Bitcoin that is a worthy asset that appreciate in value overtime regardless of speculation or news.
Am not a big fan of meme coin, because it's too risk, a bigger majority of them are scam coin, but if you are hell bent on taking risk in it, I would advice that you invest with an amount you are willing to lose, so that if things doesn't goes as planned, you wouldn't be bothered, because it has no significant impact on your finances or your ability to finance your daily expenses.
You've spoken like someone with a lot of experience with volatile memecoins. My strategy has been to get in early and sell some part 2hrs later, then leave a moonbag in case the token does really well and so far it's been working.
Like op said, I've also been following Bitgetonchain new listings and trust me, for now, that's your best shot at catching the next 50x gem.
Users that typically profited on meme coin investments are those who has an insider knowledge or part of the team. Its rare for a retail trader to purchased that low before the pump.
Meme coin that pump hard usually shill hard by developers and they are doing an early buy to create fake demand until everyone follow.
Find an alpha groups that consists of developers seeking for early supporters or use dexscreener to find newly created smart coupntracys that has good amount of initial liquidity.
You may actually be right and also not fully right; the reason being that I once enjoyed the influence of memecoins, and it wasn't because I had someone on the inside, but rather I made enough research on projects people will easily overlook. Even up till today, I go to get some wins by investing in Onchain projects, and aside from that, I will be participating in trading and getting free BGB soon.
So this is an another Bitget side advertisement i should say on which i do always read up with these kind of stories ended up on using on the same exchange. We do know that on the moment that purchasing out some meme coins then timing is everything most of the time. We've been able to see those people who do get early and made out enourmous profits at the time that it do pumped up but we do know that not all meme coins do made out such pump and most of them doesnt that ending up on shooting up into its price. Therefore, you could be able to expect that there will be still those traders who do make profit and there are ones who do loses up money specially on this meme coin market on where you cant be sure whether they are that hitting up some good multiplier or nt. Now that centralized platforms are now handling up some meme coins then i dont know if it do shows on the same behavior in compared when these meme coins are on decentralizaed platforms or exchangers. Going back into the talks about entry then it will be that crucial on which getting early entry do give out that kind of advantage since you been able to accumulate even more, but the main question on this one is that you can be so sure that it will be giving out that positive results? No its not. Meme coin investment isnt something that recommended for long term. Why? If you are trying out to observe on which most of them do fail and having that no chance on making up some jumps on which means that these things will be getting those investors left behind just because there's no considerable actions that shows up at the time that it do get listed. @OP, if you are doing that making up money with meme coins then its that recommended that you should be sticking into your own ways on dealing up with it, but the main thing that you should be sure is on having that good control when it comes to budget allocation on investing into memes.
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#7Jan 7, 2020, 11:34 PM
In meme coins nothing is certain like you go to a flea market and buy second hand stuff sometimes it can be very expensive if you are lucky but most of them end up in the trash. I must admit that determining the initial entry in meme coins is not an easy task, picking and choosing different types of memes on the exchange which is definitely not necessarily profitable when entering coins with no clear movement. So I have done it once in the past and feel there is no peace in trading constantly sorting through endless meme coins.
I look out for newly launched memecoin on dexscreener with high trading volume and lots of transactions. Some do well while others dont
vault_2009Full Member
Posts: 198 · Reputation: 739
#9Jan 8, 2020, 02:05 AM
Well I personally don't, because I am not a memecoin investor. But, I am definitely in many telegram groups where people do end up investing into memes, some very early and some very late. But to help with "very early" you need to check all telegram groups of meme related subjects, and you need to check all launchpads and such as well.
You can invest even before a project decides on a lunachpad, but that requires you to be in many telegram groups, believe me they are the best places because people share ads of their projects everywhere on telegram, and then you check them and see if they are legit or not. Reaching early is easy, you can find them, the hard part is to realize which one can be good and which one is bad, most of the time people pick the bad ones.
Yeah, I used to use Dex screener via a telegram bot but tbh it was kinda stressful though, that's why I'm leaning towards Bitget onchain. It's easier, no gas fees and you get access to trending tokens way earlier thanks to their AI algorithm.. they're running an initiative where u get an opportunity to earn BGB though. U may consider giving it a try
CyberWhaleSenior Member
Posts: 169 · Reputation: 1151
#11Jan 8, 2020, 10:06 AM
Simple answer, you don't.
Long answer, it depends on how long you stay in the trenches. Because when you start spending long periods of time in the trenches filtering memecoins shitcoins, you start to build experience of what a potential runner would be. Overtime, you even get to meet new people like yourself or even join a community with like-minded shitcoin traders and you can already collaborate to catch these tokens early. That's the only way, you have to spend the time and stay glued to the screen because for every 1K shitcoins, only 1-2 actually hits the mark and runs.
You will also get introduced to tools that would ease your work later but you won't get there without first being in the trenches long enough.
To be honest, Bitget onchain has listed some tokens that did more than I expected, and for a CEX that allows memecoin trading, they have a really good eye when it comes to picking projects to list. A few days back, I saw an onchain challenge phase 25, which is kicking up soon, and it caught my attention since there is 120k BGB up for grabs by just trading some token onchain. Not only can I earn some tokens, but I also get to build a certain trading character with consistency and discipline, and psychology
shard_degenFull Member
Posts: 68 · Reputation: 298
#13Jan 8, 2020, 01:37 PM
In the entire crypto space nothing is certain but in rhe case of meme coin it is worst because the problem is you can not even hold for a long time and most cases everything you are buying can end up in dust so the risk behind trading it is what discourage people to love meme and one of the reasons why people are even investing in meme is because they want to make quick money. And only few people are making money from meme. The first entry is what is make it difficult to make money from.
I will rather invest my money in Altcoins than meme coins and trading altcoins are better, so that when it comes to meme my friend will tell you to run from meme because he has a worst experience, trading meme so if you don't have the mind set it is better to stay away from meme coin because it's end result is usually regret, just that when you are lucky and you do early entry sometimes youight be lucky.
I dont know how people that involve themselves in meme coins do know about a coin at the early stage, because I dont involve myself in altcoins, but I feel most of them will be getting their informations from X social media, most of them do follow different crypto users, so they follow some projects during the early stage, but dont be surprise that even if you follow up a project at early stage you still going to lose.
We have lots of coins entering the market, so even if you follow them at early stage, you wont know the one that will perform well at the end. You might invest in 10 different coins, and they wont perform well, all your money will be gone, so even if you know about coins during the early stage, you will find it difficult to know the one that will perform well. You might be confident in a coin, but at the end they will disappoint you.
bro early entry is everything when it comes to memecoins! timing is literally the difference between x2 and x1000 personally i try to catch early gems by watching DEX volume spikes, new wallet activity and social sentiment especially on X and DexScreener trends once i see a sudden increase in mentions or small buys from known wallets i just start digging into the community vibe and tokenomics before i even think of aping in.one thing is that you dont let FOMO drive your entry!! it is better to miss one pump than to get stuck holding a dead bag
There were many platforms now that you can find good memes coins before any engagement at all, they might be hidden but constant follow up and instructions can let such user figure out the memecoin way faster.
Another issue I figured out when searching for memecoins is the availability of funds whenever you've found one, it won't be good to get memecoin and there won't be fund on you to execute it, it's always like that for me.
You find it with luck I guess? With meme coin you kinda stumble upon it when its still cheap otherwise you're late.
If the meme coin is reek of insiders, it will get sniped the first second it went live. But there's still chance that you stumble upon potential big meme.
However I wouldn't bet on it nowadays, handful of meme coins just fail, too many scams and there's meme coin fatigue.
SwiftRavenFull Member
Posts: 43 · Reputation: 321
#18Jan 15, 2020, 07:38 AM
That's true that choosing meme coin is similar to gambling and if you lucky not impossible to gets 10x or even more from meme coin in the short term but the risk are too high even the potention to losing your money in meme coin is pretty much than the profit and i think early entry will not guarantee profit even any tools will not safe you to got scam from meme coin so, it's hard to identified which are the potential of meme coin remain there are plenty of new coins available for each days and it's hard to pick which coins are safe and can give us the decent profit
It seems that is the only way. I have done that for so many times and found nothing with it, I tried and tried but no luck until I just have found myself losing and gain nothing at all. So with luck and finding it too early will define how it can be successful. But not everything that you find too early is going to do well for you. Because if you're going to make yourself too comfortable of this process, you'll get nothing and just like me, you'll just have to deal with losses.
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