Are memecoins really important for the crypto market?

[LogitechMouse]

Re: Are memecoins really important for the crypto market?

Meme coins are just another category out of all the coins out there.
Now are they important? I don't know about most of the meme coins out there, but the only meme coin I believe is important is DOGE because it's the first-ever meme coin. All the others are just there for investors to gain some profits.

I don't see meme coins as important, but one thing's certain. Meme coins are here to stay for different reasons.

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

1. I don't know what's the definition of "support" but if that means investing in meme coins then no.
2. Yes I invested into meme coins. The first one is a meme coin called SAFEMOON, but I lost more than half of my capital investing in it. The next ones are BONK and CORGIAI where I just flipped them.
3. Overall, it's a loss. I got profit from BONK and CORGIAI though, but the profit that I got trading those 2 coins isn't enough to cover my losses that I got from SAFEMOON.

[doc]

Meme coins are just another category out of all the coins out there.
Now are they important? I don't know about most of the meme coins out there, but the only meme coin I believe is important is DOGE because it's the first-ever meme coin. All the others are just there for investors to gain some profits.

I don't see meme coins as important, but one thing's certain. Meme coins are here to stay for different reasons.
~snip~

Yeah meme coins are not important in crypto currency, it's just meme and small part of crypto currency.
I also has lost in SAFEMOON at the past. I doubt about the future of meme coins. Only dogecoin and shib which I see still popular and exist. I don't care about meme coins , So I didn't research this coin.

[KryptoBull]

Meme coins are just another category out of all the coins out there.
Now are they important? I don't know about most of the meme coins out there, but the only meme coin I believe is important is DOGE because it's the first-ever meme coin. All the others are just there for investors to gain some profits.

I don't see meme coins as important, but one thing's certain. Meme coins are here to stay for different reasons.

1. I don't know what's the definition of "support" but if that means investing in meme coins then no.
2. Yes I invested into meme coins. The first one is a meme coin called SAFEMOON, but I lost more than half of my capital investing in it. The next ones are BONK and CORGIAI where I just flipped them.
3. Overall, it's a loss. I got profit from BONK and CORGIAI though, but the profit that I got trading those 2 coins isn't enough to cover my losses that I got from SAFEMOON.

If we consider memecoins as a financial instrument, they already exist like thousands of other tokens in this market.

But as I have stated, memecoins have special value in attracting more investors and new cash flows into the crypto market, thanks to which the crypto market is better promoted and grows stronger.

Congratulations on your profit from memecoins.
I consider SAFEMOON to be memecoins as well, because it has no value in the ecosystem, it was created with the goal of having fun. Like most tokens, it generates profits for the few and losses for the many.

[Mr. Magkaisa]

   -   First, let's find out the definition of meme coins and why many people are obsessed with them. There is a lot of debate here, and one of them is the so-called accessibility because most of them have low barriers when it comes to entry compared to other cryptocurrencies that are at the same time.

Second, when the hype average is high, the chances are also high that the price value of the meme coin will rise immediately, where its volatility also becomes aggressive in the market. It also means that meme coins can still contribute to the market because they usually lack intrinsic value, are subject to market manipulation, and are often used in scam activity by exploitative people.

What is the meaning of  Meme coins?
Is it a good investment?

[legend45]

   -   First, let's find out the definition of meme coins and why many people are obsessed with them. There is a lot of debate here, and one of them is the so-called accessibility because most of them have low barriers when it comes to entry compared to other cryptocurrencies that are at the same time.

Second, when the hype average is high, the chances are also high that the price value of the meme coin will rise immediately, where its volatility also becomes aggressive in the market. It also means that meme coins can still contribute to the market because they usually lack intrinsic value, are subject to market manipulation, and are often used in scam activity by exploitative people.

What is the meaning of  Meme coins?
Is it a good investment?

Memecoins is really risk, buddy. I never research in this coin more  , because I see didn't have good project there. If it's waste of time to learn and do research in the coins which relying on shilling and someone's popularity.
Meme coins are not important , it's just small part of crypto currency.

[debra]

Do you support the existence of memecoin in the crypto market?
Have you ever invested in memecoin? Which memecoin is that?

I support the existence of meme coins because they make crypto become more popular. If we have no meme coins, crypto industry may be not as popular as now. Elon Musk also can't promote Doge coin if there is no meme coins. There will be no big hype in the previous bullrun season without meme coins. 

Yes, I've invested in meme coins but I failed to gain profits. I targeted too high profits, so I failed to sell the meme coins.

[kent47400]

Meme coins are not important , it's just small part of crypto currency.

I could also agree with you because this Meme coin was created for fun, as at the beginning its creation was not important but now the evidence is clearly different.
The DOGE coin which is so loved by the community has apparently changed its situation now, as can be seen from the various cryptocurrency markets wanting DOGE coins to trade.
I say that a "small part of the cryptocurrencies" is not quite right because now the market for Meme coins is very large, DOGE, SHIBA, BONK, FLOKI if you add up the market cap, it will definitely beat the main coins that are on the 10-20 Coinmarketcap list.

[Trongduy]

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

1. I will support anything that makes a profit, but memecoin is a tasteless thing. I love dogs, I hava a real dog and play with it, not look at memecoin.
2. I haven't invested yet, but maybe this season I should try putting some into DOGE or SHIB.
3. Memecoin just makes me FOMO, hope this season will get some profit when memecoin to the moon.

With memecoin, crypto market suddenly becomes happier and has more interesting games, tokens to-the-moon without any reason or good news!

[Carbitcoin]

Memcoins have pleasantly diversified the world of cryptocurrencies and blockchain.  investing in memtokens may involve high risks and their value may fluctuate widely.  Which is good for trading on a margin platform.

[Dr.Bitcoin_Strange]

Memecoins is really risk, buddy. I never research in this coin more  , because I see didn't have good project there. If it's waste of time to learn and do research in the coins which relying on shilling and someone's popularity.
Meme coins are not important , it's just small part of crypto currency.

Yeah, so many altcoins are just too risky to invest in, but for someone who already know the risk involved and have decided to invest, they will at least know when to enter the market and when to exit. 

It will be more risky for an individual who doesn't know how to play around in the altcoin market. Some meme coins and every other altcoin have been very relevant in the market because they have been able to generate profit for some investors, and the truth is that many memes in the market will still generate profit for some investors, which is why I feel it's quite important too.

[de_prof]

It will be more risky for an individual who doesn't know how to play around in the altcoin market. Some meme coins and every other altcoin have been very relevant in the market because they have been able to generate profit for some investors, and the truth is that many memes in the market will still generate profit for some investors, which is why I feel it's quite important too.

Very popular memecoins, such as dogecoin and shib, are an investment choice for memecoins lovers. But be ready for the risk, because in my opinion memecoins are more risky than bitcoin Ethereum BNB, XRP, Solana.TBH,  I prefer coins like the ones I mentioned above rather than memecoins.

[Google+]

Very popular memecoins, such as dogecoin and shib, are an investment choice for memecoins lovers. But be ready for the risk, because in my opinion memecoins are more risky than bitcoin Ethereum BNB, XRP, Solana.TBH,  I prefer coins like the ones I mentioned above rather than memecoins.

Well, as you mentioned, it is very risky when buying these two meme coins, but with the people behind meme coins like Doge Coin, I don't doubt it. Even though it takes quite a long time, Dogecoin will still have a chance to rise, but it all depends on Elon's support. Musk often gives full support to the Dogecoin price movement. As long as Dogecoin is still cheap, this is a good opportunity to buy as much Dogecoin as possible.

[koang]

I think, humor also plays a crucial role in mitigating psychological stress in the crypto market's inherent volatility. When prices experience sharp swings, investors often express their emotions through memes, poking fun at themselves and others. This self-deprecating humor helps lighten the mood and diffuse tension. Memes, in turn, give birth to new memes, and from these, new memecoins emerge.

Blockchain technology is not only revolutionizing global finance but also the social life of society.
Humor is part of the human side of humans, things that are natural and common, do not require improvement, no longer provide a place to be funny.
The more critical a society is, the higher its demand for humor, and crypto can be a means of persuasion to facilitate the entry of information or messages that want to be conveyed as something serious and formal.
But meme coin is still meme coin. It is just for fun and not as an investment asset.

[elbans89]

But meme coin is still meme coin. It is just for fun and not as an investment asset.

If we can be like this, someone will be offended.  Because there are still many Dogecoin lovers.  They say it's not just memecoin, because Dogecoin is also used for transactions.
In my opinion, I won't buy memecoins for hold, I will choose top coin, except memecoin

[koang]

But meme coin is still meme coin. It is just for fun and not as an investment asset.

If we can be like this, someone will be offended.  Because there are still many Dogecoin lovers.  They say it's not just memecoin, because Dogecoin is also used for transactions.

Everyone has their own opinion. There is no need to be offended
And this forum gives us ample space to differ in opinion.
Investing is about money, and we are responsible for every decision we make
If anyone wants to invest in meme coins and thinks it is a good investment, go ahead...
Your money, your rules... Losses or profits are at our own risk.