r/CryptoHelp • u/ObviousFlatworm4814 • 6d ago

❓Need Advice 🙏 I got rugged

I’m new to meme coin trading, last night I was holding a coin that was posted into quite a large telegram group, I checked all the stats on axiom, as well as insightX to check for any potential problems, everything seemed fine, the narrative was also good, qwerty and a few others had posted that they was in this coin, I was up 1 sol at around 300k market cap, it then got rugged and I lost half my port, does anyone have any tips or anything to help me avoid this in the future. (This was the CA 4mxp6WN2uAtDBd8BHNPSTYUEy6mD7R3gejzayWGBpump)

5 Upvotes

86% Upvoted

14 comments sorted by

5

u/VivaHollanda 63 6d ago

Yes, avoid meme coin trading and telegram like the plague.

4

u/Cryptomuscom 0 🦠 6d ago

Never let a profit turn into a total loss without locking in gains along the way

3

u/Commercial-Week-6558 6d ago

Take this as a harsh reality check , that meme coins are either insiders who will make money off of you and then rug you , or a creator that will rug you , or a honey pot . All options will only make you get screwed, and very very very few people will actually make money off of them

1

u/DCzy7 6d ago

I found this out the hard way, I have 21M Bonk coins and down about £80

1

u/Commercial-Week-6558 6d ago

lol 100$ is not bad , people lost thousands ( not saying your problem is ok lol but I’m just saying what rugs do to people )

1

u/DCzy7 6d ago

Only invest in what you can afford to lose

1

u/Commercial-Week-6558 6d ago

Ding ding ding

1

u/ObviousFlatworm4814 6d ago

I lost 2k on token 2047 I think it was called when that was out 😂 could be worse, made 2k on B2B tho so

2

u/elbenya 6d ago

Maybe set take profit and stop loss levels next time. But I would hardly advise putting money into memecoins

2

u/BuySomeXRP 4d ago

Trade XRP memecoins instead

1

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1

u/jkdelete 5d ago

I found out the hard way with a coin it was only $5 but I lost it in 30 seconds. A great app is Coinbase. They had a warning although I never paid attention. Other warning include that it may be manipulated by a computer.

1

u/Soggy-Term4965 3d ago

When trading meme coins you are playing musical chairs 🪑