The growth of memes: dangerous conspiracy theories

[MrSpasybo]

In the past few days we have witnessed the crazy growth of SHIB & AKITA, and recently DOGE. This coincides with BTC's correction from $67K to $58K, and I don't think this is just a coincidence.

When BTC fell from $67K to $58K, most altcoins lost 20-25% in value, while the meme pumped very hard. This causes investors to lose patience and sell valuable altcoins to participate in the coin meme. We all know that coin meme is easy to pump because Market Maker owns a lot of memes.
In this way Market Maker can collect many valuable Altcoins like EOS, NEAR, CELO, FIL, ALGO…

At the same time, the growth of the meme shows that the market is in a crazy phase, giving community more confidence in the market's recovery.

I'm pretty sure about the manipulation behind the Meme's growth.
I don't invest too much in memes, and I also don't recommend people to participate in memes because it's too risky.

What do you think about Meme-trend? Are you willing to participate in Meme-trend to earn profit even though the risk is great?

[doc]

I think , crypto currency market always have market strategy, maybe several people's said it conspiracy.
Nevermind.
Crypto always volatile and every whales have strategy to make market pump or dump. that's all

[mixing]

Some of these meme tokens are building huge market caps... What they will do with that still remains to be seen. I think there is some potential for DOGE to actually become something one day (I don't own any of it).. It's now being accepted by some NBA teams to purchase tickets and Elon Musk has confirmed he holds it and believes in it. Elon has also mentioned the developers are working on improvements, so the future remains to be seen. While I do think that coin has some potential, unlimited supply and it's market cap means it will probably never hit $XX type value or anything..

[TomPluz]

One thing I see with the proliferation of meme coins is that you have to strike when the iron is hot...and we saw that in Dogecoin just recently. When it gets cold, then people lose interest and you have to rekindle the iron again to be ready for another round. In other words, for people who loves some risks to get the rewards, meme coins can be a good way to make some money in cryptocurrency but one has to be careful and this is not for the newbies unless you are so willing to wait a lot when the your coin has catch up a cold.

[Rinat8368834]

A very interesting topic, I am sure that all these meme tokens are created to make hamsters lose their money in the market. And all this is a conspiracy of manipulators, and now from all sources they are trumpeting that it is time to buy shib, which has already grown by seven hundred percent over the past month.

[masterrex]

In the past few days we have witnessed the crazy growth of SHIB & AKITA, and recently DOGE. This coincides with BTC's correction from $67K to $58K, and I don't think this is just a coincidence.

When BTC fell from $67K to $58K, most altcoins lost 20-25% in value, while the meme pumped very hard. This causes investors to lose patience and sell valuable altcoins to participate in the coin meme. We all know that coin meme is easy to pump because Market Maker owns a lot of memes.
In this way Market Maker can collect many valuable Altcoins like EOS, NEAR, CELO, FIL, ALGO…

At the same time, the growth of the meme shows that the market is in a crazy phase, giving community more confidence in the market's recovery.

I'm pretty sure about the manipulation behind the Meme's growth.
I don't invest too much in memes, and I also don't recommend people to participate in memes because it's too risky.

What do you think about Meme-trend? Are you willing to participate in Meme-trend to earn profit even though the risk is great?

IMO, I think it is a part of the risk associated with crypto investment because most of the time cryptocurrency prices easily react on hype and frenzy marketing strategies sometimes the dirty manipulation is present like the trend of meme coins/tokens nowadays as we see it the price was pumping hard to the extend and I find it risky because we all know that it has no use-cases and true demand and because of that reality the more it was pump the riskier it will be to fall instantly without warning that's why I don't invest in meme coin/token. its more like a gamble to me.

[gurunanakji777]

It's highly risky to invest in meme coins now when there is already huge movement done I would say due to these coins we are still waiting for pump in other altcoins because most of them want quick money and many of the investors are taking risk by investing in such meme coins. I believe when this bubble will burst many will lose huge money as now they are seeing huge pumping and not selling it due to greed will regret it later. I would say these coins took the major investor's money in their coins so we are still waiting for good movement in the altcoins but I am also sure soon other high potential coins will also rise and will not be dumped like meme coins in the end. If one can afford the risk then it's ok one can invest otherwise should look for good potential coins.

[Bliznec]

The meme does not carry anything special in itself. You need to understand that this is just a simple picture. Maybe in the future, unique memes can be attached to NFT sites. Thus, collect profit. 

[bitbit97]

I think that simple money laundering is behind NFT and meme coins. Who would buy all these pixeled pictures for enormous of money, or who would buy an altcoin that does not do anything.

[Senin]

I think that simple money laundering is behind NFT and meme coins. Who would buy all these pixeled pictures for enormous of money, or who would buy an altcoin that does not do anything.

This is unlikely to be money laundering. Whoever received dirty money will also be smart enough not to invest it in meme coins. Moreover, usually this money is hidden for a long time, and for this top coins are best suited, which are listed among the first in CoinMarketCap.
Most likely, this is deliberate fanning of the excitement around these meme coins, and the bulk of people will subsequently suffer large losses. The winners are only those who drop them on time at an inflated price.
Personally, I'm not interested in meme coins at all.

[dragononcrypto]

Not a fan of memcoins. The only value they present is highlighting how worthless fiat currency is, and how tradeable they are for more Bitcoin or Ethereum. But ultimately they don't hold any value they are just representative of the value of blockchains. That said I wish I owned a Shiboshi NFT 

[Jaephoenix]

It is, what it is, bro. People and investors always go for the quick buck. Nobody wants to sit around and watch others get rich. My friend who is a meme coin Hunter has a bag of Saitama worth $150k and I was even advising him not to do meme coins

[Octoalts]

In fact nowadays many people hope to get big profit from memecoin, buy it cheap and keep it for a long time and be surprised after price increase 100x even 1000x. That's what they hoped for as they saw on Dogecoin, a meme coin that used to be thought to be low in price but was actually an extraordinary one. In Cryptocurrency, many people don't think about the function of Crypto itself, the most important thing is profit, money is the main goal.

[Cadaver20]

Buying Memecoin is very risky.  That's why I haven't bought any Memecoin like Doge, SHIB yet.  Many people have made huge profits by buying these coins and many people are becoming poor by buying them. So I think you should invest in top altcoin.

[36B]

In my opinion, the meme coin that is currently circulating can be used to do money laundering because it might be the effect of very cheap transaction fees, which makes many people prefer to use meme coin.