[GUIDE] A degenerate guide to buying memecoins | CASE STUDY AND LIVE WALKTHROUGH

[Sol]

which are obvious rugs is step 1

Obvious Rugs Checklist

- Unlocked Liquidity
- 99% sell tax
- 99% buy tax
- Ownership not renounced - this just means the owner of coin can not modify the contract, sometimes projects need to change contract for example lowering or raising taxes but 90% of the times devs will use this as an excuse then mint an infinite amount of tokens and sell them all (minting is just creating tokens out of thin air)
- Mint function (tokensniffer usualy detects this)
- Honeypot, you buy but can not sell. tokensniffer and go+ detects this
- Large holder in holder list
- Unverified contract how can GO+ or tokensniffer read it if it's not verified? Major red flag

These are what I can think of, off the top of my head

 

[TechEinstien]

That's a very good guide.

 

[seogirl19]

Click the UniCrypt link to find out how long it is locked for,

Burn is best, lock is second best.

If it's locked for 100 years it is basically burned.

If it's locked for 100 seconds, run!

When the timer is up this gives the coin creator (could be you, me or anyone coins are EASY to make) access to the liquidity.

He can withdraw that $9,000 at any point meaning there is NO MORE VALUE to your tokens.

This is why the first thing we check is liquidity burn, we can't control selling but we can control rugpulls (removal of liquidity).

Liquidity is going down due to people selling, the lower the liquidity the more volatile the coin will move.

So no Lock/Burn/Unilock
Just leave it? Move to another?

 

[Logatedo]

Great guide and nice share.

 

[Sol]

So no Lock/Burn/Unilock
Just leave it? Move to another

If liquidity is NOT burned or NOT locked I would either leave it completely or keep the tab open and keep checking if it eventually does.

Never buy a token that’s unlocked

 

[Osama Isaiah]

This one of my best read for today. Thanks man I really appreciate the detailed guide you provided. I'll be trying it out.

 

[KriscoVA]

Nice guide man. Another strategy I use for trading shitcoin is by watching Elon's tweets and major drama happening in the crypto space this was how I got into tokens like Grok, Cybertruck, CZ and recently GFY.

 

[Sol]

Nice guide man. Another strategy I use for trading shitcoin is by watching Elon's tweets and major drama happening in the crypto space this was how I got into tokens like Grok, Cybertruck, CZ and recently GFY.

Exactly right, this is my strategy as well.

Catching $GROK turned my $70 into $5,000. If I held all the way up and sold the absolute top, that same $70 would be $32,000.

Elon tweets will always be the king but they are equally king of degeneracy.

I myself, launch coins whenever elon tweets something memeable. I add 1 eth to liquidity and keep a 5% wallet for myself, if it pumps I sell it and make a few grand for very minimal work.

 

[Akhile]

I am truly grateful for this. I tried it out, the profits were really scary. lol

 

[Sol]

I am truly grateful for this. I tried it out, the profits were really scary. lol

Welcome to shitcoins lol!

 

[greenparrot22]

Exactly right, this is my strategy as well.

Catching $GROK turned my $70 into $5,000. If I held all the way up and sold the absolute top, that same $70 would be $32,000.

Elon tweets will always be the king but they are equally king of degeneracy.

I myself, launch coins whenever elon tweets something memeable. I add 1 eth to liquidity and keep a 5% wallet for myself, if it pumps I sell it and make a few grand for very minimal work.

How much gas fee did you pay on top of the $70?

 

[elodavid]

Great guide man. Thanks for this, truly appreciate the time and effort.
I hope you can provide the part 2 soon.

 

[420empire]

Hey mate, love your guide and I appreciate the time and energy you put in, I like to "gamble" with shit/ meme coins, sure it is risky, and as long as you can be patient you can get some good rewards

 

[Eliz8]

It's not scary to lose $ 5, but no more than 10. it's cool but dangerous. This is useful information for men with steel balls

 

[bipolar1337]

Hey i have a question, do you check socials or it is not necessary?

 

[Sol]

Hey i have a question, do you check socials or it is not necessary?

I do yes, I join the coins Telegram and see the vibe even hype the coin up and stuff for any new comers.

Then when things get shaky in the TG or the dev says something stupid I sell

 

[dinozd]

Will read your guide in detail tomorrow. Btw, have you ever tried creating your own shit/memecoin? Is it profitable?

@sscaz talked a lot about creating an army of social media bots, so maybe this is a possible strategy to create even more hype?

 

[sscaz]

Will read your guide in detail tomorrow. Btw, have you ever tried creating your own shit/memecoin? Is it profitable?

@sscaz talked a lot about creating an army of social media bots, so maybe this is a possible strategy to create even more hype?

Sol is my pal

 

[Sol]

have you ever tried creating your own shit/memecoin? Is it profitable?

Yeah all the time.

It’s profitable but the work is before the coin is launched. Creating fomo, creating social medias, as long as you leave yourself some % of the supply it will always be profitable.

Whenever elon tweets, if the tweet is memeable or phraseable for example, whenever he tweets about Grok. I launch a coin with 15/15 tax, meaning every transaction I get 15% tax.

If you are fast you are first coin to do this (elon tweets get high volume and lots of deploys) you get all the volume and all the $.

 

[Sol]

Sol is my pal

A seal and a serb otw to the moon