I have been in crypto for about 9 years but I don’t have any experience with memecoins. I noticed that there is a lot of money flowing into Base and Solana, and memecoins seem to be the main reason for that. Crypto Twitter is buzzing with excitement and there are many pump and dump schemes going on. I really want to learn how to start screening these coins.
I’d really appreciate it if you could share some tips that daily memecoin investors usually know. I’ve been seeing a lot of talk about Crypto AI agents lately and I’m curious about how to find coins that fit into that trend. Is there a way to protect myself while doing this?
Buy low and sell high. Don’t rush into new coins. Don’t invest large amounts all at once. Avoid trying to time the top, sell as you go up. Don’t try to average down by buying more of a losing trade; it often ends badly.
If you make a good profit, pay off any debt and don’t gamble with your new $50,000.
Learn these lessons early and you’ll be in a good position.
Charley said: @Ezri
I’m kinda new to this, what does double dip mean?
If you buy a coin and it goes up a lot and you sell for a profit, don’t buy more when it drops back down. I think it will keep falling and you’ll be hoping it comes back up.
So, buy low and sell high and don’t invest more when it falls again. That’s my approach when I’m in a winning position.
@Charley
What’s funny is you’re trying to deal in crypto, which is all about information yet you can’t even search for a simple definition. Good luck, you’ll need it.
Laugh all you want but on-chain data doesn’t lie. People are making life-changing money with memecoins.
The real winners are usually the ones pushing the memes or algorithmic traders. Most day traders are just like those poor people at slot machines. Is this really the path you want to take? There’s no such thing as safe memecoin investing. If you want to make real money, get into grifting or spend time learning the tech behind algorithmic trading.
@JamesHenry
Lol, there are definitely ways to find good coins if you know what to look for. I have no idea how yet, since I’m focused on launching tokens instead of investing, but some guys in my group find coins that go up 50-100 times. Usually though, 3-5 times is more common, big winners are rare. (And don’t bother with DMs, it’s a small group of 15 people I know well.)
From what I’ve seen, it’s a mix of knowing what to search for, plus having contacts, getting to know the developers, and tracking big investors.
MIA2 said: @JamesHenry
Oh boy, you’re wrong. I used to think the same but I found some good Telegram groups, and it’s been really fun.
He’s partly right, but it’s easy mode now. Everything is rising. 10 of the top 14 memecoins on pump fun were created less than a month ago.
You’ll see many success stories. You could throw a dart and hit something successful. Enjoy it while it lasts.
It won’t go on forever. It’s amusing how a bull run can give people the impression they are great traders.
If you don’t have an edge, the good times will end at some point. Even if you manage to walk away with something, trading memecoins often leads to bad habits.
@JamesHenry
Starting off, it’s full of scams, but if you meet the right people and avoid the hype, it’s possible to catch some good runners. Out of 100 trades, you might break even, lose a bit on 75, lose big on 24, and hit it big on 1. You need that one big win to cover your losses, so managing your money wisely is key to not going broke. I don’t even know how to send a signed message, but I’ve increased my account from 10-15 Sol to 850 Sol in the last two weeks. So it’s definitely doable, plus I have a full-time job.
RobertGarcia said: @Bennie
No offense, but 850 Sol is what, around $180k right. That’s not huge wealth but it’s a lot of money.
Depending on the country, that 850 Sol can be substantial, especially in developing nations. In our country, you could buy a house and a car with that amount. In the US, $180k isn’t seen as generational wealth though.