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My $12K Mistake with Memecoins and What I Learned

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anonMember
Posts: 53 · Reputation: 120
#1Oct 14, 2018, 08:20 PM
I won’t pretend I had a solid strategy. I just didn’t.
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whale420Senior Member
Posts: 727 · Reputation: 853
#2Oct 15, 2018, 02:27 AM
Jumped into memecoins back in 2024 when everyone was talking about them. Solana was on fire and I saw crazy gains. I thought I could get rich quick.
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tom51Full Member
Posts: 268 · Reputation: 260
#3Oct 15, 2018, 03:47 AM
First month was great, but then boom, lost it all and more. Just your typical retail story.
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wallet_oracleMember
Posts: 225 · Reputation: 170
#4Oct 15, 2018, 07:56 AM
It wasn’t the market. It was just me being impulsive. Following hype from Telegram and Twitter like I was betting on a football game. No real plan.
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anonMember
Posts: 53 · Reputation: 120
#5Oct 15, 2018, 01:58 PM
I figured out one big thing. Instead of chasing the latest dog coin, I started tracking wallets. That was a big deal.
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wildoracleMember
Posts: 138 · Reputation: 44
#6Oct 15, 2018, 02:32 PM
Memecoins are just a gamble, and yeah, your site link is broken. Might wanna fix that.
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nickhashMember
Posts: 85 · Reputation: 119
#7Oct 15, 2018, 04:35 PM
Honestly, I don’t see these memecoins as a long-term investment. Too risky. Better stick to coins that actually do something.
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cobra42Full Member
Posts: 93 · Reputation: 617
#8Oct 15, 2018, 10:23 PM
LOL yeah, it’s a chaotic space for sure. Almost all new tokens seem like they’re just begging to be rugpulled.
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the_cobraSenior Member
Posts: 48 · Reputation: 1517
#9Oct 16, 2018, 02:21 AM
Get in quick and get out, that’s the rule. Trying to hold out for bigger gains usually ends up in sadness.
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satoshi_apeNewbie
Posts: 237 · Reputation: 20
#10Oct 16, 2018, 07:18 AM
I’m glad you shared this. It’s easy for noobs to think they can find the next big win with memes. But nah, they become the cash cows.
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0xLaserFull Member
Posts: 252 · Reputation: 641
#11Oct 16, 2018, 12:08 PM
I feel you on that one. Sorry for your loss, but hey, we all learn the hard way sometimes.
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0xHodlerMember
Posts: 285 · Reputation: 42
#12Oct 17, 2018, 03:53 PM
Greed can ruin you fast. It messes with your head and makes you forget to do your own research.
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humblegweiMember
Posts: 17 · Reputation: 118
#13Oct 17, 2018, 10:08 PM
True, it takes guts to admit mistakes. Not everyone can reflect and adjust. Props to you for leveling up.
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ledger_2013Senior Member
Posts: 46 · Reputation: 866
#14Oct 18, 2018, 12:58 AM
Memecoins are a trap. Crazy how they just dump when you think you’re safe.
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greg2015Legendary
Posts: 258 · Reputation: 5547
#15Oct 18, 2018, 04:14 AM
I’ve seen that happen too. People load up during the hype and end up holding bags.
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sigma_nodeSenior Member
Posts: 94 · Reputation: 1851
#16Oct 18, 2018, 08:22 AM
Definitely a classic situation. I passed on memecoins after seeing so many people lose their shirts.
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fudbusterSenior Member
Posts: 194 · Reputation: 1344
#17Oct 18, 2018, 01:42 PM
That locked wallet story is wild. Sounds like a nightmare. Can imagine the frustration.
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shard365Newbie
Posts: 1 · Reputation: 10
#18Oct 18, 2018, 03:01 PM
I’ve been there. Chased the hype, lost a bit, learned my lesson. Now I'm more cautious.
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wagmiNewbie
Posts: 301 · Reputation: 14
#19Oct 20, 2018, 01:34 AM
No one really predicts these dumps till it's too late. Always a risk.
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fewunderstandLegendary
Posts: 284 · Reputation: 5964
#20Oct 20, 2018, 04:37 AM
Yeah, it’s this rollercoaster ride. Many traders jump into memecoins and just get wrecked.
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