Investing in meme coins

[Nomad]

Digecoin was the first meme coin I invested, however when I started investing on dogecoin, it was already 1 cents. I continued investing until it was 34 cents and then stopped. I also invested in Shiba, pepe coin, and floki. I sold dogecoin for a minor profits bur I am holding other meme coins. Have you invested in meme coin, what coins you invested in?

 

[Grant]

I have never invested in meme coins and likely never will. Meme coins are essentially jokes, and aren't meant to be hugely profitable. Unless you can name me a meme coin that is worth a lot, I don't think it's worth putting any money into meme coins. Dodgecoin is the most widely known one, and it's not even above $1 in worth. I suppose if you invest a lot, and it rises enough, you might make a little bit. But I doubt it'd be much. Even for the other meme coins, are any of them worth much?

 

[Nomad]

I have never invested in meme coins and likely never will. Meme coins are essentially jokes, and aren't meant to be hugely profitable. Unless you can name me a meme coin that is worth a lot, I don't think it's worth putting any money into meme coins. Dodgecoin is the most widely known one, and it's not even above $1 in worth. I suppose if you invest a lot, and it rises enough, you might make a little bit. But I doubt it'd be much. Even for the other meme coins, are any of them worth much?

Dogecoin, the first ever meme coin was started as a joke. The token was launched just in 3 hours. All meme coins are jokes, but when it comes to profitability, meme coin can be extremely profitable. All you should know when to buy them and when to sell them.

 

[Grant]

Dogecoin, the first ever meme coin was started as a joke. The token was launched just in 3 hours. All meme coins are jokes, but when it comes to profitability, meme coin can be extremely profitable. All you should know when to buy them and when to sell them.

I know, that's why I don't see it being worth investing in. From what I've seen, I've never witnessed any of them climb past $1. I don't invest in crypto, so how would anyone profit from a currency that's worth less than a dollar? Sure it could rise a little bit and you make a few bucks back, but has anyone made it extremely big with meme coins? And how big?

 

[Nomad]

I know, that's why I don't see it being worth investing in. From what I've seen, I've never witnessed any of them climb past $1. I don't invest in crypto, so how would anyone profit from a currency that's worth less than a dollar? Sure it could rise a little bit and you make a few bucks back, but has anyone made it extremely big with meme coins? And how big?

I do not see most of the currently popular memecoin becoming $1 anything soon, for some memecoin that will never be an option, however, to profit form meme coin, they do not have to become $1. When the market improves, even a 10 percent increment will make you earn well. Profit depends on percentage gain.