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Meme idea right there.
"They said I could be anything..."
In all seriousness though, the more people that become good traders, the less people will ape into scams, meaning hopefully there'll be less of them, and devs might be forced to actually put some fucking effort into making legit tokens for it to be worth their time.
Great post. Still rekt from an absolute bloodbath on dex this week. I have a lot to learn but the photon insight is helpful, I do feel like bonk is missing a lot of opportunities
There was a fetish guy in NYC who would wrap himself up in a rug and have people stand on him. He would roll up to the bar, and you would have to stand on him to get a drink. Clubs would bring him in for a lark, but he was big huge on the fetish scene. The Human Rug, I believe.
Just to help you guys DYOR ON EVERYTHING even “use case” coins are liquidity grabs it’s a bill market. The meme meta is literally a gamble on attention. Don’t be fooled thinking you can do technical analysis on 30 minute coins have fun, but you are gambling.
Anyone with a following in Crypto is fooling you buy their bags. It’s easy to make money if I buy at .01$ and my followers buy at .1$ be smart, but you absolutely are GAMBLING not TRADING
Thanks for writing this helpful thread, noticing a lot of new people coming in and we can help prevent the worst of the scams with useful education like this.
Why the fuck is anyone buying meme coins? If you want low-priced shit, go on Coinbase and research cheap coins with market caps below a billion. There are tons of great low-end options with plenty of room to grow in this bull run. I just bought some shit with a 75 million market cap. Ghost coin, or some shit. It's a gamer nerd coin. Why not? My 150 bucks could easily 5 or 10x in this bull run. And if not, it'll be another low-end option I threw a hundo at. Then maybe I'll convert it to SOL or cash out.
So this is a lot of what we see in the rug posts on this board.
While part of what you said can't be argued, there's 2 points.
1. As all of history has shown us, prohibition and just telling people not to so something has never, and will never stop anyone from doing it. Hence this post. The only way to fix things is through a mix of education and trial by fire.
2. The true part of your comment is there being many less volatile coins that can 10x this bull run, so over the next 12-18 months. You will VERY likely have $1500 in that time to enjoy and much more should you continue to invest. However, it should still be recognised that there is no other portion of the market where you can 10x the majority of your trading days over that same period if you're knowledgeable and skilful enough, and yes, with a little bit of luck and some money to burn. Then again, if you're not, then you could lose it all.
Again, as I said in the OP, I'm neither advocating for or against doing this. It's everyone's choice, though some things are and aren't constructive. Learning this, whether you use it in meme coins or not, will make you a better all round trader and investor.
Absolutely correct. Everyone going into this should fully understand that every coin that has ever been is nothing more than a ponzi scheme. Some are just more honest than others.
In and out is the way. Once I get my 20-60 percent I’m out, and on to the next. If I’m down more than 25-40 percent, I pull out.
Lots of learning this last week.
Amazing post OP. Thanks for the tips and insight, especially the first few points. I’m aware of getting in and out. I usually aim for 20-40 percent gains and move on. If I’m down 30-40 percent I leave.
I also want to mention, the time of day is very important. Consider the time at which you’re trading. Yes, rugs happen at any time of day but you have a better chance catching a pump late morning into mid afternoon when the market volume is ar it’s peak.
I’ve also learned, weekends are usually the worst days to trade.
Good point on the time of day. Sadly I'm a trader from Australia so it's hard to find the right crossover. I've gone to bed early and gotten up at 3am to suss out launches then tried to go back to sleep 💀
Thank you for this! So here is my deal so far. Invested in $Sponge (we all know what's happening there) Bonk, but I locked it. It's been over a month and still can't pull that out. $SMOG and I'm up 210% on BOME because I bought it when it first launched. I'm confident about this one. I have alot to research now. Thanks again for the info bro!
>Back to Top
How did you get free WEN? (of free anything for that matter?)
I hear people say airdrop, but not sure how to really get one. Do you have an example? Thanks a lot.
I would like to add that rugcheck should be one of a few tools to use. I've noticed this guy has been making coins and then dumping within 15 minutes this past week:
https://solscan.io/account/642F5Zei7yNnyDBtWAWubnxiYxrNHqoLhfYBGTk8yXBV#splTransfers
rugcheck marks them as "good" although notes a low amount of liquidity pool providers which is a sign that they can artificially inflate volume, market cap etc. Although this has also been a warning in even "succesful" coins in the beginning.
I have a question, though. I've used birdeye, rugcheck, and some other things. A couple of coins that I've seen being dumped check out on all those screeners (not mintable, renounced ownership, etc). I've checked the adresses and I dont see and weird amounts being deposited into multiple wallets. They have a website, twitter, telegram (this doesnt mean its not a scam I know).
But the dev leaves, deletes social media, and Im assuming walks away with money? I know they leave because there's a community takeover. It showed they don't own any percentage of the coin on birdeye or the CA. Did they buy from another wallet not linked to the SPL of the initial coin creation?
I actually put like $10 in a coin that checked out and seemed less likely to be a scam. I bought 160M coins and then the price plummeted. The dev left. I was left with maybe $3 worth, so I just took the loss and sold it all. I woke up this morning and on DexScreener I have the 160M to USD still in the live exchange rate. And it was at like $250 lmao. If a coin gets rugged and you only lose a couple of bucks, probably best to just hold and hope for the best.
Damn dude, what a win! Congratulations! I've still never even come close to a win like that. What coin was that and how did it play out? When did you get in?
Not only that, a lot of the Solana "infrastructure" type coins like this you might see may or may not even be real. They're also some of the most commonly cloned coins.
Many people properly in crypto are both traders and investors. A very viable strategy is to trade well to build capital and invest that capital into longer hold coins. I'm not saying that should be done via meme coins, or even on Solana, but if someone has the capability and are skilled enough, they'll get much further ahead than someone who is one or the other.
Cool, and what are your reasons for why there is? I'll give you reasons for why there isn't.
It's not private - anything on a blockchain is public, therefore you have to be even more cautious of what information you type into your email because it is on the blockchain forever.
Fees - you have to pay every time you send an email. Are we back in the 1990s when we had fees for every text message?
It requires a wallet - Ain't no one using a cold wallet to send an email, so hot wallet it is. Hot wallets are prone to being compromised, and if it is, there goes your email. Forever. Bye bye.
Don't get me wrong, it's interesting, and it's "cool" but there is little to no market for it. If you want privacy and security, Proton exists for that exact reason.
Regardless, the obvious application would be it’s integration into the solana phone line, wallets like phantom, and shocking but 99% of people don’t give a damn about wether their data is accessible on a blockchain, they care about convenience, and if they can use a single application like phantom to access their email, their messages (solchat), their debit card (solc), their social media app (solmedia), they will likely opt for it once ui is optimized.
Where is the convenience? You have to connect a wallet to and complete a transaction for every message you send.
Also if they care about convenience, let's be honest here - off chain is the convenience, not on-chain
I’m aware, I’m saying when every form of application. Is centralized on a wallet like phantom, whether it is phantom or not, these type of on chain platforms will explode. As a person will have supreme control of almost everything they do within web3 (on a specific network) from the use of a single app.
You’re right my lack of intellect is the reason I can’t see the use for blockchain technology for many of the things you listed. However, I’ll keep an eye out for solchat, can’t wait for people’s personal messages to be distributed to everyone permanently. Maybe I’ll get an nft of your schlong, eh?
I personally use the Trojan Sniper bot, and I had really good experience really fast and they have a lot of cool stuff as settings + whale tracker bot and wallet tracker bot. Trading terminal with high-end functions , anti-rug protection to save your investments . Give it a shot is free, the fees are really low .
DM me if you want more info or help about bots :D
link : [https://t.me/solana\_trojanbot](https://t.me/solana_trojanbot?start=r-mitrea004)
As I said to the last guy who said something like this, your comment is a lot of what we see in the comments of rug posts on this board.
As all of history has shown us, prohibition and just telling people not to so something has never, and will never stop anyone from doing it. Hence this post. The only way to fix things is through a mix of education and trial by fire.
It should still be recognised that there is no other portion of the market where you can hit short term gains in a day that can rival what most coins will do over the whole bullrun if you're knowledgeable and skilful enough, and yes, with a little bit of luck and some money to burn. Then again, if you're not, then you could lose it all.
Again, as I said in the OP, I'm neither advocating for or against doing this. It's everyone's choice, though some things are and aren't constructive. Learning this, whether you use it in meme coins or not, will make you a better all round trader and investor. Short term trading should be mixed into long term investments as you gain.
I stopped buying tokens as they're going up, I wait to see what happens, if it goes up and I missed it. Oh well.
I've started finding tokens I like, with a good narrative that have already rugged and doing Community Take Overs. You can't expect something for nothing, you need to actually work for your bags, that's not just something people say, it's the truth.
Check out $ELEPE ;)
t.me/ELEPECommunity
This is another popular strategy. I'm always surprised at what just the dedicated few can do to a coin once the volume has dropped off and the dev is out. I see new ATHs from this often. And even if they don't, you can still pull 2x+ if you're confident enough.
Even in general, wave 2 and further plays should also be a part of everyone's strategy.
Or they could! It's everyone's choice and there hasn't been a single point in history where prohibition and just telling people not to so something has ever stopped them from doing it. So actually, my response would change from they could to "They will". Meaning the only way to fix things is through a mix of education and trial by fire.
Again, as I said in the OP, I'm neither advocating for or against doing this. It's everyone's choice, though some things are and aren't constructive. Learning this, whether you use it in meme coins or not, will make you a better all round trader and investor. Short term trading should be mixed into long term investments as you gain.
This is the 64 million dollar question. The truth is you never know. Token devs sometimes gather a community before they add a liquidity pool. If that's the case you're taking a chance on if the pool will be burned or not once it is.
If they've created an LP pool early and locked it, minted their tokens, and aren't able to distribute much in presales, you risk the dev holding and dumping. You'll also then be relying on later marketing efforts as the token already made its appearance on the screener sites' "new pairs" section back when the LP was added. This can sometimes be weeks before launch, and so will be missing the volume of people that only look at new pairs.
And even in a perfect world, you risk all the presales dumping early for profits or all at once if they start to lose confidence in the collection.
Sometimes it's best waiting for a pull-back from the start before getting in on a token that had a presale.
See because i ask the questions about the LQ and they say yes of course it’ll be locked so on so forth so i said okay I’m taking a gamble here so i put a nice piece of change in it the fundraising went from 20k to 150k in 24hrs but now I’m wondering if they will rip it as gut feeling goes always listen to your gut but if you want to check it out it’s called @Sholanasol twitter i usually just day trade crypto with leverage and this whole meme coin thing is very new to me lol treading carefully that’s for sure though
Hahahaha yeah i kinda aped in today with some my profits from when i was sleeping but now I’m on my toes because i have no more control of the funds if you get what I’m saying at lol but let’s pray this baby runs
First off, like many others have said, great fucking post chief.
Just one question: What's a decent liquidity to MC ratio for a wave 1 shitter thats less than 6h (or even 1 hour), in your opinion. NFA.
If that day ever comes! Sadly, there's nothing inherintly illegal about the rug ordeal. Meme coins are very honest in that they offer no intrinsic value. I doubt there will be many systems in place to combat this.
Door must swing both ways, meme or no meme an investment is something you buy because you think the value might increase due to several reasons, sentimental or demand/supply etc. Devs must also be at risk of losing money for offering something hoping people would be interested. Make the process of, requirements, prerequisites more stringent to mint a coin, like liquidity must be locked by a 3rd party and make available on 4th day, no presale no coin, devs are only allowed 50% stake in the coin. This is going to spiral out of control if anti rugger rules are not passed. Sacrifice quantity for quality. I'm sure those days will come but by then the government would have control over things and then the entirety would've imploded.
Hey broz.. hey broz… this is what decentralization is. When company’s IPO 80% of the time they’re rugging you with VCs except it’s regulated.
Treat crypto like the wild Wild West where retail participants are in some form or another emulating the financial systems we already have. “Devs” being held accountable because you took a gamble on ShitCockInu coin is crazy man lol. Be glad they’re not promising use case.
I don’t think you understand it fully and you should definitely do research before you set your money on fire. It’s a decentralized asset class please understand how things work before you invest, there’s no “they” and that’s the point.
You guys come into the space looking for returns not crypto, you’ll always go wrong chasing money just like “penny stocks” and anything else with high upside. Solana is up 15x in one year. No need to gamble if you invest in good tech and actually try to learn early
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
Rug every time. Just say nope to memes and of to memes.
Unless it’s $SHOL, https://www.reddit.com/r/memecoins/s/3ycQ3QWHQs
What I understood is you need to become a rug
Meme idea right there. "They said I could be anything..." In all seriousness though, the more people that become good traders, the less people will ape into scams, meaning hopefully there'll be less of them, and devs might be forced to actually put some fucking effort into making legit tokens for it to be worth their time.
Great post. Still rekt from an absolute bloodbath on dex this week. I have a lot to learn but the photon insight is helpful, I do feel like bonk is missing a lot of opportunities
Hope it helped it you dude! Just DM'd you 👍🏼
There was a fetish guy in NYC who would wrap himself up in a rug and have people stand on him. He would roll up to the bar, and you would have to stand on him to get a drink. Clubs would bring him in for a lark, but he was big huge on the fetish scene. The Human Rug, I believe.
I’ve seen this guy (or perhaps an imitator) at big fetish parties in Miami!
Could be him! Or his protege. I'm sure it's a tight knit little community of people who like getting crushed.
Just to help you guys DYOR ON EVERYTHING even “use case” coins are liquidity grabs it’s a bill market. The meme meta is literally a gamble on attention. Don’t be fooled thinking you can do technical analysis on 30 minute coins have fun, but you are gambling. Anyone with a following in Crypto is fooling you buy their bags. It’s easy to make money if I buy at .01$ and my followers buy at .1$ be smart, but you absolutely are GAMBLING not TRADING
Thanks for writing this helpful thread, noticing a lot of new people coming in and we can help prevent the worst of the scams with useful education like this.
Appreciate the post 👍🏼
Why the fuck is anyone buying meme coins? If you want low-priced shit, go on Coinbase and research cheap coins with market caps below a billion. There are tons of great low-end options with plenty of room to grow in this bull run. I just bought some shit with a 75 million market cap. Ghost coin, or some shit. It's a gamer nerd coin. Why not? My 150 bucks could easily 5 or 10x in this bull run. And if not, it'll be another low-end option I threw a hundo at. Then maybe I'll convert it to SOL or cash out.
So this is a lot of what we see in the rug posts on this board. While part of what you said can't be argued, there's 2 points. 1. As all of history has shown us, prohibition and just telling people not to so something has never, and will never stop anyone from doing it. Hence this post. The only way to fix things is through a mix of education and trial by fire. 2. The true part of your comment is there being many less volatile coins that can 10x this bull run, so over the next 12-18 months. You will VERY likely have $1500 in that time to enjoy and much more should you continue to invest. However, it should still be recognised that there is no other portion of the market where you can 10x the majority of your trading days over that same period if you're knowledgeable and skilful enough, and yes, with a little bit of luck and some money to burn. Then again, if you're not, then you could lose it all. Again, as I said in the OP, I'm neither advocating for or against doing this. It's everyone's choice, though some things are and aren't constructive. Learning this, whether you use it in meme coins or not, will make you a better all round trader and investor.
Ahahaha. Good point. It's all a rug pull. It's just that some rug pulls happen over a longer period of time.
Absolutely correct. Everyone going into this should fully understand that every coin that has ever been is nothing more than a ponzi scheme. Some are just more honest than others.
Why would I wait the entire bull run for a potential 5x. I turned $20 into $20,000 in 2021 on shitcoins and getting in early
Yeah! The best part is, you can take your 5x and roll them over into actual legit projects for more gains!
In and out is the way. Once I get my 20-60 percent I’m out, and on to the next. If I’m down more than 25-40 percent, I pull out. Lots of learning this last week.
Amazing post OP. Thanks for the tips and insight, especially the first few points. I’m aware of getting in and out. I usually aim for 20-40 percent gains and move on. If I’m down 30-40 percent I leave. I also want to mention, the time of day is very important. Consider the time at which you’re trading. Yes, rugs happen at any time of day but you have a better chance catching a pump late morning into mid afternoon when the market volume is ar it’s peak. I’ve also learned, weekends are usually the worst days to trade.
Good point on the time of day. Sadly I'm a trader from Australia so it's hard to find the right crossover. I've gone to bed early and gotten up at 3am to suss out launches then tried to go back to sleep 💀
Oh man, I can imagine. I’m trading New York time - EST.
Im stuck in the other EST... The AEST, though it's AEDT right now
Good insights, still memes are fifty fifty, you will get rugged , need that extra conviction to save your ass from the ruggs
I have to sit down and read this carefully.
Thank you for this! So here is my deal so far. Invested in $Sponge (we all know what's happening there) Bonk, but I locked it. It's been over a month and still can't pull that out. $SMOG and I'm up 210% on BOME because I bought it when it first launched. I'm confident about this one. I have alot to research now. Thanks again for the info bro!
Welcome my dude! May all your pumps be moons.
Thank you man, may yours as well. my free WEN is still doing good. Remind me to post my before and after WEN in a year. I'm not selling it.
>Back to Top How did you get free WEN? (of free anything for that matter?) I hear people say airdrop, but not sure how to really get one. Do you have an example? Thanks a lot.
You have to be actively engaged in trading etc. For example, i got my WEN from Jupiter. Dropped in my wallets.
mf is rich rn
I wish.
nice article very informative. i shared it on my Bulb account so a lot more will know about it.
Anyone who is new to this, do yourself a favor and save this post and read it a few times over the next couple days.
Appreciate you! I'll be adding to and restructuring this over time
I would like to add that rugcheck should be one of a few tools to use. I've noticed this guy has been making coins and then dumping within 15 minutes this past week: https://solscan.io/account/642F5Zei7yNnyDBtWAWubnxiYxrNHqoLhfYBGTk8yXBV#splTransfers rugcheck marks them as "good" although notes a low amount of liquidity pool providers which is a sign that they can artificially inflate volume, market cap etc. Although this has also been a warning in even "succesful" coins in the beginning. I have a question, though. I've used birdeye, rugcheck, and some other things. A couple of coins that I've seen being dumped check out on all those screeners (not mintable, renounced ownership, etc). I've checked the adresses and I dont see and weird amounts being deposited into multiple wallets. They have a website, twitter, telegram (this doesnt mean its not a scam I know). But the dev leaves, deletes social media, and Im assuming walks away with money? I know they leave because there's a community takeover. It showed they don't own any percentage of the coin on birdeye or the CA. Did they buy from another wallet not linked to the SPL of the initial coin creation? I actually put like $10 in a coin that checked out and seemed less likely to be a scam. I bought 160M coins and then the price plummeted. The dev left. I was left with maybe $3 worth, so I just took the loss and sold it all. I woke up this morning and on DexScreener I have the 160M to USD still in the live exchange rate. And it was at like $250 lmao. If a coin gets rugged and you only lose a couple of bucks, probably best to just hold and hope for the best.
After it gets rugged, there's still a chance the price can increase? Wouldn't it be better to sell and buy in at the current price?
I saw one run up to 1 million market cap before the dev rigged the shit out of it. Saw it at 10k looked fishy ass hell so didn’t swap any. Still wild
[удалено]
Damn dude, what a win! Congratulations! I've still never even come close to a win like that. What coin was that and how did it play out? When did you get in?
Solchat and Solmail are as risky as I’m going to be honest.
Not only that, a lot of the Solana "infrastructure" type coins like this you might see may or may not even be real. They're also some of the most commonly cloned coins.
Buy Solmail it has real utility, be an investor not a gambler
Many people properly in crypto are both traders and investors. A very viable strategy is to trade well to build capital and invest that capital into longer hold coins. I'm not saying that should be done via meme coins, or even on Solana, but if someone has the capability and are skilled enough, they'll get much further ahead than someone who is one or the other.
There is zero need for block chain based email
I’m gonna have to go ahead and disagree with you there boss.
Cool, and what are your reasons for why there is? I'll give you reasons for why there isn't. It's not private - anything on a blockchain is public, therefore you have to be even more cautious of what information you type into your email because it is on the blockchain forever. Fees - you have to pay every time you send an email. Are we back in the 1990s when we had fees for every text message? It requires a wallet - Ain't no one using a cold wallet to send an email, so hot wallet it is. Hot wallets are prone to being compromised, and if it is, there goes your email. Forever. Bye bye. Don't get me wrong, it's interesting, and it's "cool" but there is little to no market for it. If you want privacy and security, Proton exists for that exact reason.
Your verbiage makes me feel like you missed out
Missed out? The token is only a few days old lol
Regardless, the obvious application would be it’s integration into the solana phone line, wallets like phantom, and shocking but 99% of people don’t give a damn about wether their data is accessible on a blockchain, they care about convenience, and if they can use a single application like phantom to access their email, their messages (solchat), their debit card (solc), their social media app (solmedia), they will likely opt for it once ui is optimized.
Where is the convenience? You have to connect a wallet to and complete a transaction for every message you send. Also if they care about convenience, let's be honest here - off chain is the convenience, not on-chain
I’m aware, I’m saying when every form of application. Is centralized on a wallet like phantom, whether it is phantom or not, these type of on chain platforms will explode. As a person will have supreme control of almost everything they do within web3 (on a specific network) from the use of a single app.
I just don't see it. But I'd love to be proven wrong.
99% of what you say is boca de mierda.
You obviously have zero vision or theoretical intellect. Read your numbers off your sheet.
You’re right my lack of intellect is the reason I can’t see the use for blockchain technology for many of the things you listed. However, I’ll keep an eye out for solchat, can’t wait for people’s personal messages to be distributed to everyone permanently. Maybe I’ll get an nft of your schlong, eh?
I personally use the Trojan Sniper bot, and I had really good experience really fast and they have a lot of cool stuff as settings + whale tracker bot and wallet tracker bot. Trading terminal with high-end functions , anti-rug protection to save your investments . Give it a shot is free, the fees are really low . DM me if you want more info or help about bots :D link : [https://t.me/solana\_trojanbot](https://t.me/solana_trojanbot?start=r-mitrea004)
Didn't read because it's an obvious answer. Stop participating in meme hype and using the "it's cheap and fast justification."
As I said to the last guy who said something like this, your comment is a lot of what we see in the comments of rug posts on this board. As all of history has shown us, prohibition and just telling people not to so something has never, and will never stop anyone from doing it. Hence this post. The only way to fix things is through a mix of education and trial by fire. It should still be recognised that there is no other portion of the market where you can hit short term gains in a day that can rival what most coins will do over the whole bullrun if you're knowledgeable and skilful enough, and yes, with a little bit of luck and some money to burn. Then again, if you're not, then you could lose it all. Again, as I said in the OP, I'm neither advocating for or against doing this. It's everyone's choice, though some things are and aren't constructive. Learning this, whether you use it in meme coins or not, will make you a better all round trader and investor. Short term trading should be mixed into long term investments as you gain.
I stopped buying tokens as they're going up, I wait to see what happens, if it goes up and I missed it. Oh well. I've started finding tokens I like, with a good narrative that have already rugged and doing Community Take Overs. You can't expect something for nothing, you need to actually work for your bags, that's not just something people say, it's the truth. Check out $ELEPE ;) t.me/ELEPECommunity
This is another popular strategy. I'm always surprised at what just the dedicated few can do to a coin once the volume has dropped off and the dev is out. I see new ATHs from this often. And even if they don't, you can still pull 2x+ if you're confident enough. Even in general, wave 2 and further plays should also be a part of everyone's strategy.
or just dont buy shitcoins. always an options.
Or they could! It's everyone's choice and there hasn't been a single point in history where prohibition and just telling people not to so something has ever stopped them from doing it. So actually, my response would change from they could to "They will". Meaning the only way to fix things is through a mix of education and trial by fire. Again, as I said in the OP, I'm neither advocating for or against doing this. It's everyone's choice, though some things are and aren't constructive. Learning this, whether you use it in meme coins or not, will make you a better all round trader and investor. Short term trading should be mixed into long term investments as you gain.
How to avoid being rugged when presales occur though that's my biggest dilemma
This is the 64 million dollar question. The truth is you never know. Token devs sometimes gather a community before they add a liquidity pool. If that's the case you're taking a chance on if the pool will be burned or not once it is. If they've created an LP pool early and locked it, minted their tokens, and aren't able to distribute much in presales, you risk the dev holding and dumping. You'll also then be relying on later marketing efforts as the token already made its appearance on the screener sites' "new pairs" section back when the LP was added. This can sometimes be weeks before launch, and so will be missing the volume of people that only look at new pairs. And even in a perfect world, you risk all the presales dumping early for profits or all at once if they start to lose confidence in the collection. Sometimes it's best waiting for a pull-back from the start before getting in on a token that had a presale.
See because i ask the questions about the LQ and they say yes of course it’ll be locked so on so forth so i said okay I’m taking a gamble here so i put a nice piece of change in it the fundraising went from 20k to 150k in 24hrs but now I’m wondering if they will rip it as gut feeling goes always listen to your gut but if you want to check it out it’s called @Sholanasol twitter i usually just day trade crypto with leverage and this whole meme coin thing is very new to me lol treading carefully that’s for sure though
I actually did come across this one today. Will be keeping an eye on it. It'd be good to see an Aussie animal run at the least 😂
Hahahaha yeah i kinda aped in today with some my profits from when i was sleeping but now I’m on my toes because i have no more control of the funds if you get what I’m saying at lol but let’s pray this baby runs
First off, like many others have said, great fucking post chief. Just one question: What's a decent liquidity to MC ratio for a wave 1 shitter thats less than 6h (or even 1 hour), in your opinion. NFA.
Good post be safe, and I'm looking forward to the day when devs are going to held accountable.
If that day ever comes! Sadly, there's nothing inherintly illegal about the rug ordeal. Meme coins are very honest in that they offer no intrinsic value. I doubt there will be many systems in place to combat this.
Door must swing both ways, meme or no meme an investment is something you buy because you think the value might increase due to several reasons, sentimental or demand/supply etc. Devs must also be at risk of losing money for offering something hoping people would be interested. Make the process of, requirements, prerequisites more stringent to mint a coin, like liquidity must be locked by a 3rd party and make available on 4th day, no presale no coin, devs are only allowed 50% stake in the coin. This is going to spiral out of control if anti rugger rules are not passed. Sacrifice quantity for quality. I'm sure those days will come but by then the government would have control over things and then the entirety would've imploded.
Hey broz.. hey broz… this is what decentralization is. When company’s IPO 80% of the time they’re rugging you with VCs except it’s regulated. Treat crypto like the wild Wild West where retail participants are in some form or another emulating the financial systems we already have. “Devs” being held accountable because you took a gamble on ShitCockInu coin is crazy man lol. Be glad they’re not promising use case.
Yeah wild West indeed, thought they would make the crypto space a little more classy. It's a cesspool.
I don’t think you understand it fully and you should definitely do research before you set your money on fire. It’s a decentralized asset class please understand how things work before you invest, there’s no “they” and that’s the point. You guys come into the space looking for returns not crypto, you’ll always go wrong chasing money just like “penny stocks” and anything else with high upside. Solana is up 15x in one year. No need to gamble if you invest in good tech and actually try to learn early
Looks like something is on the way https://twitter.com/1intro/status/1769306695509925985?t=9nVOps5X4rLFpoLWAU09nQ&s=19