Memecoins are just a part of the crypto market. and the crypto market does not depend at all on these meme coins.Indeed. Crypto market will never rely on meme coins. It is just a small part of crypto market.
In essence, we can admit that meme coins have become one of the biggest players in the crypto market, because of the large number of meme coins that have emerged since Doge achieved great success. So lots of meme coin projects are popping up. And it cannot be denied that there are many meme coin projects that have succeeded in attracting attention and experiencing hype. However, the problem is, most of these meme coins will definitely drop and fall very deeply once they have exceeded the hype. and the price also becomes uncontrollable. Then the project became a rugpull.
That's so true, if we say memecoins it means that this has no promises. All investors around the world especially big investors are all aware of this so they what the risk that is being involved with this. Since they're investors, we can't deny that they already made big profit from it because if investing memecoins really can't make people to be profitable, there will be no other investors that are willing to invest from them, but now we see new trending memecoins with a huge marketcap, meaning it's really working.Memecoins are just a part of the crypto market. and the crypto market does not depend at all on these meme coins.Indeed. Crypto market will never rely on meme coins. It is just a small part of crypto market.
In essence, we can admit that meme coins have become one of the biggest players in the crypto market, because of the large number of meme coins that have emerged since Doge achieved great success. So lots of meme coin projects are popping up. And it cannot be denied that there are many meme coin projects that have succeeded in attracting attention and experiencing hype. However, the problem is, most of these meme coins will definitely drop and fall very deeply once they have exceeded the hype. and the price also becomes uncontrollable. Then the project became a rugpull.
Yes, there are too many meme coins, there are too many people who are involved in the meme coins market. No doubt that there are some people can succeed with meme coins. But we must be aware there are too many people who lost their money. Since there are many cases of rugpull in meme coins. Because meme coins have no fundamental, it is easy for any developer to manage meme coins. So be careful to invest in meme coins.
In fact, Memecoins do not attract the attention of investors, but since DOGE rose sharply after Elon Musk’s tweets, everyone began to think that Memecoins are a successful investment, and Binance took advantage of the information as it worked on intensive promotion of SHIB, which created the perception among many investors that Memecoins are the investment of the future. However, this is not true.
PEPE is an example of how investing in Memecoins fails.
Memecoins are just a part of the crypto market. and the crypto market does not depend at all on these meme coins.Certainly the crypto market does not depend on memes because the market existed before the Memecoin trend became big in 2021. But I believe that memecoin will continue to exist and become part of the market, helping the crypto market be promoted more effectively.
In essence, we can admit that meme coins have become one of the biggest players in the crypto market, because of the large number of meme coins that have emerged since Doge achieved great success. So lots of meme coin projects are popping up. And it cannot be denied that there are many meme coin projects that have succeeded in attracting attention and experiencing hype. However, the problem is, most of these meme coins will definitely drop and fall very deeply once they have exceeded the hype. and the price also becomes uncontrollable. Then the project became a rugpull.
This is already commonplace with the meme coin cycle in the crypto market like this. So what makes it busy is because there are so many newcomers who come to the crypto world because of meme coins, especially Doge, without them understanding the dangers or big risks of these meme coins.
In my own personal opinion - and mind you am not a very important guy in this industry so my opinion is not that important lol - memecoins are just jokes in the cryptocurrency industry. Well, I would say that they are not important all because they got limited uses-cases (if devs care to embed one or two) and we have to admit it most are introduced just to make some money quickly and if the market likes it then it can go on and maybe slowly transform itself like what we are witnessing with Dogecoin. I am not really sure why many people love memecoins...maybe the promise to make some millions with them in case the coin will experience surge in value...or maybe they just love to have a pet they can proudly own. At any rate, I would consider memecoins to be some form of a collection for entertainment...and we know that entertainment can be worth billions of dollars.Like a miniature society, the crypto community also needs artists to help people entertain and relieve stress, and it would be better if there was a chance to become rich. Many of my friends like memecoin more than lottery tickets because memecoin has price charts for analysis and prediction.
In fact, Memecoins do not attract the attention of investors, but since DOGE rose sharply after Elon Musk’s tweets, everyone began to think that Memecoins are a successful investment, and Binance took advantage of the information as it worked on intensive promotion of SHIB, which created the perception among many investors that Memecoins are the investment of the future. However, this is not true.Memecoin has truly become an investment segment in this market, but its risk is higher than many other Layer-1 and Layer-2 projects. Memecoin only has 1 simple story from Meme, it has no special solution for user needs.
PEPE is an example of how investing in Memecoins fails.
~It's possible that newbies could be introduced to cryptocurrencies via meme coins but how can you say if that's net positive or net negative? You see stories of making tons of money but you see more sharing their losses. I even a woman saying her husband lost investing in BTC but the truth is that it was actually Shiba Inu. In that case, how do you measure the effectiveness of marketing?
But I believe that memecoin will continue to exist and become part of the market, helping the crypto market be promoted more effectively.
1. In 2017, I didn't like DOGE because it was just a joke for BTC, but in the end it still grew well, so I supported it because DOGE helps the crypto market to be vibrant and have more investors.
- 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?
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?
Indeed. Crypto market will never rely on meme coins. It is just a small part of crypto market.
Yes, there are too many meme coins, there are too many people who are involved in the meme coins market. No doubt that there are some people can succeed with meme coins. But we must be aware there are too many people who lost their money. Since there are many cases of rugpull in meme coins. Because meme coins have no fundamental, it is easy for any developer to manage meme coins. So be careful to invest in meme coins.
Memecoins are just a part of the crypto market. and the crypto market does not depend at all on these meme coins.
In essence, we can admit that meme coins have become one of the biggest players in the crypto market, because of the large number of meme coins that have emerged since Doge achieved great success. So lots of meme coin projects are popping up. And it cannot be denied that there are many meme coin projects that have succeeded in attracting attention and experiencing hype. However, the problem is, most of these meme coins will definitely drop and fall very deeply once they have exceeded the hype. and the price also becomes uncontrollable. Then the project became a rugpull.
This is already commonplace with the meme coin cycle in the crypto market like this. So what makes it busy is because there are so many newcomers who come to the crypto world because of meme coins, especially Doge, without them understanding the dangers or big risks of these meme coins.
Therefore, no matter what others say that meme coins are shitcoins, it is still an important part of the crypto body here in the crypto space business. Though there are actually many meme coins that take advantage of exploitative people,.That sounds contradictory, to be honest. If it exists solely for fun and purely speculative with no other use cases, plus most people use it to exploit others, I'd say that we should just kill the projects altogether. I'm not really a fan of meme tokens and their derivatives since people can easily call them scams if they fail to give them profits, without realizing that the coins that they buy are created solely for speculation. You can't say the same thing with BTC or other coins with strong fundamentals IMO.
I even a woman saying her husband lost investing in BTC but the truth is that it was actually Shiba Inu. In that case, how do you measure the effectiveness of marketing?I'd say any introduction to crypto that starts from making profits as quickly as possible is negative marketing (if you can even call it that). If we take a look at social media, sadly that is the norm. There is very little introduction to crypto that talks about what money is, why fiat or other alternatives have flaws, why BTC can have its values, etc. Meme coins by nature will just increase the negative image of crypto, especially in a bear market IMO.
Exactly. Those marketing used by most altcoins trying to make their name has negative effect on the overall market. For every 1 that becomes a lucky investor/bettor, there are at least 10 that loses on memecoins.I even a woman saying her husband lost investing in BTC but the truth is that it was actually Shiba Inu. In that case, how do you measure the effectiveness of marketing?I'd say any introduction to crypto that starts from making profits as quickly as possible is negative marketing (if you can even call it that). If we take a look at social media, sadly that is the norm. There is very little introduction to crypto that talks about what money is, why fiat or other alternatives have flaws, why BTC can have its values, etc. Meme coins by nature will just increase the negative image of crypto, especially in a bear market IMO.
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?
Do you support the existence of memecoin in the crypto market?Yes of course I am actually a fan of Doge.
Have you ever invested in memecoin? Which memecoin is that?Yes. I have invested in most of them namely Doge, Shiba Inu, PEPE, FLOKI and etc.
Has your investment in memecoin brought you joy, profit or loss?Well, to be honest I got all three choices joy, profit and of course loss because I made trial and errors with memecoins in trading therefore I practice in most of them that is why I got those things on me.
Hi, First of all thanks for explaining memecoins in details, your post was itself fun to read. keep them coming 8)As far as I know memecoin is a high risk asset, and is only suitable for investors who understand the risks and are willing to lose all their capital instantly which means there is no guarantee of profits that are always obtained in memecoin. For some people, memecoins can be a profitable investment. Some memecoins, such as Dogecoin and Shiba Inu, have experienced significant price spikes in recent years. However, it is important to remember that these price increases are largely driven by speculation and not by fundamentals.
Now coming to the 3 questions you asked:
1: I am pretty much mutual about that. in my opinin for some people memecoins are less good, and for some they are more good. because some people earned more from them. since they don't have other use cases, the earning aspect is the only thing I think anyonoe would like to support them.
2: I have invested in almost every memecoin listed in binance. but just for trading purpose. other than that when I was new in crypto i used to claim dogecoin from various faucets.
3: Yes. the dogecoin I claimed from faucet gave ma pretty good profit. that was kinda shocking for me but also a preasent one. ;D
1. Yeah of course. The crypto market is built for all crypto projects to be free to market their product. But whatever goods you purchase at that stands, it's at your own risk because there are so many scam projects that has no utility but aims to scam investors.
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. Yeah of course. The crypto market is built for all crypto projects to be free to market their product. But whatever goods you purchase at that stands, it's at your own risk because there are so many scam projects that has no utility but aims to scam investors.When talking about memecoin, it is very risky. As you mentioned in the second point, the memecoin asset is very easy to collapse because the price movement is not based on a product or something of value. Therefore, it is better to be careful when you want to enter the memecoin project.
Well, there are thousands of projects in there, memecoins is not left out
2. Not really but intended to buy soon. Maybe when a new memecoin must have been launched or the well-known memecoin has downgraded in price more.
3. Can't say to that because I haven't invested yet.
When talking about memecoin, it is very risky. As you mentioned in the second point, the memecoin asset is very easy to collapse because the price movement is not based on a product or something of value. Therefore, it is better to be careful when you want to enter the memecoin project.
When talking about memecoin, it is very risky. As you mentioned in the second point, the memecoin asset is very easy to collapse because the price movement is not based on a product or something of value. Therefore, it is better to be careful when you want to enter the memecoin project.Why not generalize it on altcoins and not only meme coins? Altcoins can collapsed just like meme coins. They are all volatile especially if their marketcap is low. They are not worth investing but someone should just use them to gamble. I mean if you want to invest in them, use the money that you can afford to lose. Also if you gain, convert back to your fiat.
In fact, Memecoins do not attract the attention of investors, but since DOGE rose sharply after Elon Musk’s tweets, everyone began to think that Memecoins are a successful investment, and Binance took advantage of the information as it worked on intensive promotion of SHIB, which created the perception among many investors that Memecoins are the investment of the future. However, this is not true.
PEPE is an example of how investing in Memecoins fails.
What a great duo when Elon musk tweeted about Doge coin used to pump on a tweet, but I don't think he's as interested in now They're going to connect Twitter by which coin so I'm hoping either they will be doge coin or shiba innu , so those are the two memecoins that we can benefit from this in futures and we've been hearing about it for the past several years that it's a best hype coin that can grow 100x sometimes it's been that Doge coin will touch 1$ in future but what is happening today is stuck in its place because no news is being heard.
Hi, First of all thanks for explaining memecoins in details, your post was itself fun to read. keep them coming 8)Thank you so much for liking and replying to my topic!
Now coming to the 3 questions you asked:
1: I am pretty much mutual about that. in my opinin for some people memecoins are less good, and for some they are more good. because some people earned more from them. since they don't have other use cases, the earning aspect is the only thing I think anyonoe would like to support them.
2: I have invested in almost every memecoin listed in binance. but just for trading purpose. other than that when I was new in crypto i used to claim dogecoin from various faucets.
3: Yes. the dogecoin I claimed from faucet gave ma pretty good profit. that was kinda shocking for me but also a preasent one. ;D
Every time I hear tales of memecoins making people instantly millionaires, I can't help but wonder why I won't be as fortunate to be among those who discovered a memecoin early on as opposed to years later.The crypto market is free and gives opportunity to every project that has value for this market.
The two well-known memecoins that I am aware of that helped people in their early phases improve their financial situation are Doge and Shiba. I miss both since years ago I had no belief in memecoins. There is a chance for wealth if someone can discover a quality memecoin at an early stage.
1. Yeah of course. The crypto market is built for all crypto projects to be free to market their product. But whatever goods you purchase at that stands, it's at your own risk because there are so many scam projects that has no utility but aims to scam investors.
Well, there are thousands of projects in there, memecoins is not left out
2. Not really but intended to buy soon. Maybe when a new memecoin must have been launched or the well-known memecoin has downgraded in price more.
3. Can't say to that because I haven't invested yet.
We all know who is Elon Musk, Tesla CEO, he is a businessman.Yeah as you have seen, Elon Musk has had an important influence on the development of world technology, including the development of digital currency. Strangely, at that time, Elon Musk gave full support to Dogecoin and Shiba Inu, even though there are coins that have more potential, such as Bitcoin and Ethereum, that might be able to do it. used for technological development, but from what Elon Musk did with memecoin just for fun.
Elon just gain profit from dogecoin when hype.
Don't believe in meme coins mate, such as doge and shib.
Better to invest in the coin which have good project.
Meme coins is just small part of crypto currency.
As many people said above.
But we can join their hype , buy and sell, not hold for long term.
Snip
I want to hear your opinion about memecoin in the crypto market:This memecoin was originally only created as a joke and will forever only be a joke, but now this memecoin is widely traded and in demand by all traders.
- 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?
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?
Even though I don't support its existence, it won't change the situation that there will be developers who make meme coins an option for creating new projects because they know that many crypto lovers will be willing to invest seeing how some meme coins are already providing profits, although in my opinion there are many more who are losing out because they haven't sold it and the price has dropped quite a bit
- Do you support the existence of memecoin in the crypto market?
Dogecoin is my favorite, unfortunately, I didn't have much when the price reached $0.7 because I didn't believe that Dogecoin would be able to reach such a price, fortunately it only collected from freebies so there was no loss at all, while the meme coin that was from investment was Shiba Inu and unfortunately I bought it when the price is too high and choose to keep it and hope that there will be significant changes in this meme coin someday.
- Have you ever invested in memecoin? Which memecoin is that?
- Has your investment in memecoin brought you joy, profit or loss?
Re: Are memecoins really important for the crypto market?Meme coins are just another category out of all the coins out there.
1. I don't know what's the definition of "support" but if that means investing in meme coins then no.
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?
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~
Meme coins are just another category out of all the coins out there.If we consider memecoins as a financial instrument, they already exist like thousands of other tokens in this market.
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.
- 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? (https://www.investopedia.com/meme-coin-6750312)
Is it a good investment? (https://www.quora.com/Are-Meme-coins-a-good-investment-in-2024)
Do you support the existence of memecoin in the crypto market?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. ;D
Have you ever invested in memecoin? Which memecoin is that?
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.
I want to hear your opinion about memecoin in the crypto market: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.
- 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?
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.
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.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.
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.
But meme coin is still meme coin. It is just for fun and not as an investment asset.
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.
It is clear that things are like this, each person makes their Money by Spending it and Investing it however they want, here the important thing is to see the pros and cons of these investments, therefore when we make any Type of investment and we like it, we lose Well, there is no need to regret it, because that is the only thing that was decided, there is no other Option , but it is good to Say that things are good in certain senses, for example I Would buy Doge and wait a long time because I know that Elon Musk at any time , January the most Indicated gives it a push Upwards , that's Why When we are looking for a way to do things well , wel l, that's how I would do it, and of Course I would put a take porfit above 35-70%.
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.
That's right bro, everyone has their own opinion. Every investment also requires confidence, if they are confident in their choice, we just respect it. The risk of each choice lies with each of us masking ourselves.
Memecoin is also good for its lovers.
It is clear that things are like this, each person makes their Money by Spending it and Investing it however they want, here the important thing is to see the pros and cons of these investments, therefore when we make any Type of investment and we like it, we lose Well, there is no need to regret it, because that is the only thing that was decided, there is no other Option , but it is good to Say that things are good in certain senses, for example I Would buy Doge and wait a long time because I know that Elon Musk at any time , January the most Indicated gives it a push Upwards , that's Why When we are looking for a way to do things well , wel l, that's how I would do it, and of Course I would put a take porfit above 35-70%.We can think of the positive impacts of memecoins on the market:
Now , I have not studied these Coins much , which for me are pure Pump and Dump , Where things can be very different when trying to do them Differently, now the Meme coins I believe are still moved by the same principle of Functioning.
It is clear that things are like this, each person makes their Money by Spending it and Investing it however they want, here the important thing is to see the pros and cons of these investments, therefore when we make any Type of investment and we like it, we lose Well, there is no need to regret it, because that is the only thing that was decided, there is no other Option , but it is good to Say that things are good in certain senses, for example I Would buy Doge and wait a long time because I know that Elon Musk at any time , January the most Indicated gives it a push Upwards , that's Why When we are looking for a way to do things well , wel l, that's how I would do it, and of Course I would put a take porfit above 35-70%.We can think of the positive impacts of memecoins on the market:
Now , I have not studied these Coins much , which for me are pure Pump and Dump , Where things can be very different when trying to do them Differently, now the Meme coins I believe are still moved by the same principle of Functioning.
1. Help promote crypto to potential investors.
2. Increase transaction volume and fees, help burn more native token, support native token price.
3. Creating a large trend and often pumping at the end of an uptrend, investors can spot market madness and place exit orders to protect profits.
I know that many people have lost money investing in memecoins, but I believe that each token can generate both profit for one investor and loss for another, whether Btc or Eth. Therefore, we should have a fair look at memecoins and avoid scam memecoins.
Meme coins can bring faster to earn much profit although small capital but in other side many scam cases by investing in meme coins, depend on our self research before investing in meme coins are profitable or make losses all money. Need to check all possibilities from how much market cap volume with some meme coins before investing and how much liquidity added by developer for listing in dapp exchange.Right now, we are seeing many memecoins growing: PEPE, FLOKI, SHIB and DOGE. Their profits in 1 day can be equal to bank interest rates for 5-10 years, which is really impressive and attractive to traditional investors. Thanks to their influence, many new investors have entered the market to seek opportunities.
I think meme coins still important part for market and worth much profitable for the investor regarding has good research before investing there. But need to anticipation with bad thing many meme coins removing their liquidity and we can't sell meme coins yet.
As for investing, I think that whether it is top coins or memecoins, most investors will suffer losses, only a few will get big profits. To ensure safety, choosing memecoins on large and reputable CEXs is extremely necessary. I do not recommend buying memecoins that have not been verified and evaluated by CEXs, they are too risky to invest.
As for investing, I think that whether it is top coins or memecoins, most investors will suffer losses, only a few will get big profits. To ensure safety, choosing memecoins on large and reputable CEXs is extremely necessary. I do not recommend buying memecoins that have not been verified and evaluated by CEXs, they are too risky to invest.
Investing in any meme token is a huge risk, and it doesn't matter if the meme token has a trading pair on a popular exchange or not. Of course, it is preferable to buy such tokens on CEXs, but it should be noted that exchanges won't protect you from whales who can manipulate the price of meme tokens in any direction.
Investing in any meme token is a huge risk, and it doesn't matter if the meme token has a trading pair on a popular exchange or not. Of course, it is preferable to buy such tokens on CEXs, but it should be noted that exchanges won't protect you from whales who can manipulate the price of meme tokens in any direction.CEXs do not guarantee the profits for any trader, whether the trader invests and trades BTC or ETH. Most investors will suffer losses, only a few will profit - that is the rule of all financial markets. Memecoins are also just some of many tokens that we can trade, perhaps because of their huge price fluctuations and the disappearance of many memecoins, they are often considered a scam.
Meme coins can bring faster to earn much profit although small capital but in other side many scam cases by investing in meme coins, depend on our self research before investing in meme coins are profitable or make losses all money. Need to check all possibilities from how much market cap volume with some meme coins before investing and how much liquidity added by developer for listing in dapp exchange.
I think meme coins still important part for market and worth much profitable for the investor regarding has good research before investing there. But need to anticipation with bad thing many meme coins removing their liquidity and we can't sell meme coins yet.
Meme coins can bring faster to earn much profit although small capital but in other side many scam cases by investing in meme coins, depend on our self research before investing in meme coins are profitable or make losses all money. Need to check all possibilities from how much market cap volume with some meme coins before investing and how much liquidity added by developer for listing in dapp exchange.
I think meme coins still important part for market and worth much profitable for the investor regarding has good research before investing there. But need to anticipation with bad thing many meme coins removing their liquidity and we can't sell meme coins yet.
As we know, meme coins are very risky, although they are also very profitable if there is hype. in the past many people made huge profits from dogecoin and shib. But honestly, I would only invest in meme coins during the hype and only for the short term.
There are still many who hold meme coins like doge and shib for the long term, because they believe. These two coins will be hype again. I also still have it in my wallet, and until now I am waiting for the price of those two coins to increase.The financial market has many risks, crypto has higher risk than the rest.
In fact, it cannot be denied that every investment in crypto always contains risks. What is different is the level of risk and also the final result, which of course will depend on each individual in managing the risk.There are still many who hold meme coins like doge and shib for the long term, because they believe. These two coins will be hype again. I also still have it in my wallet, and until now I am waiting for the price of those two coins to increase.The financial market has many risks, crypto has higher risk than the rest.
In the crypto market, memecoins are the trend with the highest risk, so I think if we choose to invest in memecoins, we should choose memecoins with a little bit of safety, like DOGE and SHIB as you mentioned. Additionally, PEPE should also be considered, or memecoins that are listed on large and reputable CEXs.
Every investment has risk, every token brings investors both profits and losses, so we should prepare for both take profit and stop loss orders to protect capital.
Memecoins are just a part of the crypto market. and the crypto market does not depend at all on these meme coins.The main question here is that do really people invest in memecoin because they do believe in its future and functions? or just because there are some whales who is manipulating this to have good value as for now and in the future will be dumped?
In essence, we can admit that meme coins have become one of the biggest players in the crypto market, because of the large number of meme coins that have emerged since Doge achieved great success. So lots of meme coin projects are popping up. And it cannot be denied that there are many meme coin projects that have succeeded in attracting attention and experiencing hype. However, the problem is, most of these meme coins will definitely drop and fall very deeply once they have exceeded the hype. and the price also becomes uncontrollable. Then the project became a rugpull.
This is already commonplace with the meme coin cycle in the crypto market like this. So what makes it busy is because there are so many newcomers who come to the crypto world because of meme coins, especially Doge, without them understanding the dangers or big risks of these meme coins.
In fact, it cannot be denied that every investment in crypto always contains risks. What is different is the level of risk and also the final result, which of course will depend on each individual in managing the risk.Currently, of the hundreds of memecoins that have appeared in 2021, only a few stay with DOGE such as SHIB, FLOKI, DC, PEPE, they are all more trustworthy than the rest. I support the positive values of memecoins because they are also considered investments and bring opportunities to investors. There are no bad investments, only ineffective investment strategies.
Risk management is very important, one of which is choosing coins like this, coins that have high risks. Meme coins are always considered high risk coins, because their existence is always related to a hype process, and then falls very quickly. Yes, although not all meme coins are like that, because there are indeed some meme coins that have been able to survive and continue to grow in the crypto space, both in terms of development and also the market.
So, this will also depend on what meme coins we hold. If it's just a meme coin that only promotes hype without any significant progress and continues afterward, then that's it, it will end like that, but it's different from a team that wants to develop it and maintain it in the market. I think that would be much better.
Memecoins also have their ow role played in the crypto markets, we cannot conclude that they were all as bad as what is unfit for our investments, we only have to be more extra careful in making research on which of them should we go for and how we can avoid shitcoins in them, once we have the understanding of how we can go about this, then its going to be more at convenience for us to choose the right one suitable for our investment.
Memecoins also have their ow role played in the crypto markets, we cannot conclude that they were all as bad as what is unfit for our investments, we only have to be more extra careful in making research on which of them should we go for and how we can avoid shitcoins in them, once we have the understanding of how we can go about this, then its going to be more at convenience for us to choose the right one suitable for our investment.
I want to hear your opinion about memecoin in the crypto market:1 - Yes, but it doesn't support it fully. I still can't put 99% of my trust in a token with high volatility.
- 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?
I want to hear your opinion about memecoin in the crypto market:1 - Yes, but it doesn't support it fully. I still can't put 99% of my trust in a token with high volatility.
- 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?
2 - DOGE... when the price was very cheap and that was before Elon Musk turned doge into the best meme coin at the moment
3 - The profit is small, but the thing that I most often use from the existence of meme coin is for transactions because the fees are very cheap.
I support the existence of memecoins in the market. I once bought some Pepe coin back then at $100. And sold at the first pump around $2 million marketcap. I made almost $900 profit.
Although, before this, I bought some Floki and I made like 100x profit before the dump.
I recently saw another one called BOME trending on CoinGecko but I felt like I've missed it already. But I'm participating in a listing event by Bitget which I saw on Twitter. Might get some free BOME with that without spending a dime. Hopefully, I'm going to see another memecoin to jump in early before the bull run comes in full force.
[/quote
You may check their memezone.. lots of good memecoins are there with good liquidity and high potential
Yes I definitely support meme coins in the crypto market. This meme coin has given the most profit to people in the current pumping market. I haven't invested in Meme Coin pre-market yet and I haven't changed my fortune from Meme Coin. But after getting listed on the exchange I bought and invested from the exchange and from there I got success. The meme coins I have invested in are: Dogwifhat (WIF) Dogecoin, Shibainu. I may have been investing in meme coins for a long time and I did it with little success. I've definitely benefited and am glad I didn't suffer investing in meme coins.
- 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?
Memecoins also have their ow role played in the crypto markets, we cannot conclude that they were all as bad as what is unfit for our investments, we only have to be more extra careful in making research on which of them should we go for and how we can avoid shitcoins in them, once we have the understanding of how we can go about this, then its going to be more at convenience for us to choose the right one suitable for our investment.
It's best to avoid shitcoins, because it's very dangerous, some friends also experience losses from being trapped in shitcoins. Shitcoin is going fast, hype. If we don't unite the market we will be left behind and lose money. choose to invest in safe coins.
It's best to avoid shitcoins, because it's very dangerous, some friends also experience losses from being trapped in shitcoins. Shitcoin is going fast, hype. If we don't unite the market we will be left behind and lose money. choose to invest in safe coins.Shitcoins? Do you mean meme coins are shitcoins? Well, I can agree with this. If we want to avoid shitcoins, kindly avoid investing in meme coins. I think this is what you want to tell to the people. :D
It's best to avoid shitcoins, because it's very dangerous, some friends also experience losses from being trapped in shitcoins. Shitcoin is going fast, hype. If we don't unite the market we will be left behind and lose money. choose to invest in safe coins.Shitcoins? Do you mean meme coins are shitcoins? Well, I can agree with this. If we want to avoid shitcoins, kindly avoid investing in meme coins. I think this is what you want to tell to the people. :D
You're right, there are too many people who lost their money in shitcoins. The shitcoins can be from new crypto coins with weak fundamentals or with no fundamentals like meme coins. That is why we mustn't try to invest in the coins which only rely on the temporary hype like meme coins.
The crypto market is experiencing a resurgence, with Bitcoin reaching 49k USD and numerous altcoins breaking free from the crypto winter's grip. Memecoins, too, have joined the recovery trend, with many new ones emerging. The memecoin craze shows no signs of slowing down, fueled by the promise of life-changing opportunities. Stories of investors striking it rich with DOGE[1], SHIB[2], and PEPE[3] abound, prompting me to delve into the world of memes and memecoins.
"A meme is a piece of content (an image, video, or text) that is humorous in nature, spreads quickly across the internet, and can be remixed and transformed over time. In a more general context, it’s an idea that spreads quickly from person to person within a culture[4]."
"Meme coins are a cryptocurrency genre loosely defined as having an exuberant online community supporting the currency's growth[5]."
In essence, memecoins are the crypto equivalent of memes, designed to inject humor and excitement into the crypto landscape. But unlike other asset classes – forex, stocks, bonds, and commodities – memecoins exist exclusively in the crypto realm.
This unique distinction reflects the freshness and optimism of the crypto market. Participants in this space are primarily young individuals who embrace innovation and financial exploration rather than sticking to traditional assets like gold, oil, and foreign currencies. Their optimism translates into humor, giving rise to the likes of Dogecoin and ShibaInu. The meme wave is unstoppable, fueled by the boundless creativity of human humor.
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.
But memecoins aren't merely vehicles for humor or lottery tickets. They also hold significant value in the broader crypto ecosystem:
- Attracting attention: Memecoins' inherent intrigue captivates the community, bringing crypto closer to potential investors.
- Accessibility: Often priced very low, memecoins are easily accessible to newcomers, lowering the barrier to entry.
- Price appeal: Their volatile nature can lead to meteoric price increases, fueling investor optimism, breaking down fear, and generating FOMO.
- Burn mechanism: Memecoins with high transaction volumes burn significant transaction fees, reducing the supply of native tokens and supporting their price.
The Avalanche Foundation's recent decision to invest in memecoins further underscores their growing importance[6], even among those who dismiss them as mere "trash" in the market.
I love dogs and I bought DOGE in 2018 at 1 DOGE = 0.0025 USD but sold them at the beginning of 2021 when 1 DOGE = 0.1 USD. It's a pity because I couldn't hold until 1 DOGE = 0.7 to get x280 profit. Maybe I'm not destined for DOGE and memecoins ::)
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?
References:
[1] Truck Driver That Made $3 Million from Dogecoin (DOGE) is Now Selling His Bags to Invest in This New Memecoin (https://www.analyticsinsight.net/truck-driver-that-made-3-million-from-dogecoin-doge-is-now-selling-his-bags-to-invest-in-this-new-memecoin/)
[2] From $1,000 to $1 Million, How Shiba Inu Made People Millionaires (https://watcher.guru/news/from-1000-to-1-million-how-shiba-inu-made-people-millionaires)
[3] Becoming Millionaires in 2 Weeks: How 3 Addresses Got Rich with PEPE (https://cryptopotato.com/becoming-millionaires-in-2-weeks-how-3-addresses-got-rich-with-pepe/)
[4] Buffer: Meme (https://buffer.com/social-media-terms/meme)
[5] Investopedia: Meme Coin Explained (https://www.investopedia.com/meme-coin-6750312)
[6] Avalanche Foundation to Purchase Meme Coins as Part of Culture Drive (https://www.coindesk.com/markets/2023/12/29/avalanche-foundation-to-purchase-meme-coins-as-part-of-culture-drive/)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5483276)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
Well, I don't see any reason as to why we need to invest into these shitcoins aside from the fact that many investors are hoping that they can get profit from it but in reality, their chances of losing money is higher than that of getting profit.Memecoins also have their ow role played in the crypto markets, we cannot conclude that they were all as bad as what is unfit for our investments, we only have to be more extra careful in making research on which of them should we go for and how we can avoid shitcoins in them, once we have the understanding of how we can go about this, then its going to be more at convenience for us to choose the right one suitable for our investment.
It's best to avoid shitcoins, because it's very dangerous, some friends also experience losses from being trapped in shitcoins. Shitcoin is going fast, hype. If we don't unite the market we will be left behind and lose money. choose to invest in safe coins.
Wee need memecoins to make up the whole crypto markets and this alone can serve as well as a means of providing more opportunities to the crypto investors to have varieties in numbers of digital coins they can invest on in cryptocurrency, it just pisses off seeing that some of these memecoins engage in more risk and harm than they appear while a number of them are good source for a profitable investment.Yes, that's right, sometimes memecoin is used to launder money from whales and is used to send money between exchanges because it has fairly cheap transaction costs and the network used is still fast, memecoin is not good for investment because it has a very high risk which can wipe out everything. the value of the assets you own.
Wee need memecoins to make up the whole crypto markets and this alone can serve as well as a means of providing more opportunities to the crypto investors to have varieties in numbers of digital coins they can invest on in cryptocurrency, it just pisses off seeing that some of these memecoins engage in more risk and harm than they appear while a number of them are good source for a profitable investment.
Wee need memecoins to make up the whole crypto markets and this alone can serve as well as a means of providing more opportunities to the crypto investors to have varieties in numbers of digital coins they can invest on in cryptocurrency, it just pisses off seeing that some of these memecoins engage in more risk and harm than they appear while a number of them are good source for a profitable investment.Yes, that's right, sometimes memecoin is used to launder money from whales and is used to send money between exchanges because it has fairly cheap transaction costs and the network used is still fast, memecoin is not good for investment because it has a very high risk which can wipe out everything. the value of the assets you own.
If we have heard about this, that meme coins are used for money laundering by whales, we also have to be careful and think about why meme coins need hype and support from famous people. We should not invest in meme coins for the long term, because it is very risky.That's right, it's better not to enter meme coin if you don't want to face the risks involved, but you should never regret it when you see the price of meme coin rising as happened a few days ago, the price rose by more than 200%. As long as we can still follow the whale's game, we will still make a profit.
That's right, it's better not to enter meme coin if you don't want to face the risks involved, but you should never regret it when you see the price of meme coin rising as happened a few days ago, the price rose by more than 200%. As long as we can still follow the whale's game, we will still make a profit.Where there is opportunity, there is risk. Memecoins often have extremely large price fluctuations, so they can bring both large profits and large losses. Investors are forced to accept this, otherwise they should choose BTC and ETH for their portfolio. Ultimately, the investor is still responsible for his own buy/sell decisions, he also enjoys the profits and suffers the losses. Memecoins have caught his attention, memecoins have done their duty to the crypto market!
Not all memecoins are successful anymore, only some memecoins are successful and I think there are big people behind those projects who create these projects on purpose. And there is some reality in the discussions against these memecoins. So before holding any memecoin you should think about the risk and hold it to avoid falling into this trap.Wee need memecoins to make up the whole crypto markets and this alone can serve as well as a means of providing more opportunities to the crypto investors to have varieties in numbers of digital coins they can invest on in cryptocurrency, it just pisses off seeing that some of these memecoins engage in more risk and harm than they appear while a number of them are good source for a profitable investment.Yes, that's right, sometimes memecoin is used to launder money from whales and is used to send money between exchanges because it has fairly cheap transaction costs and the network used is still fast, memecoin is not good for investment because it has a very high risk which can wipe out everything. the value of the assets you own.
If we have heard about this, that meme coins are used for money laundering by whales, we also have to be careful and think about why meme coins need hype and support from famous people. We should not invest in meme coins for the long term, because it is very risky.
Not all memecoins are successful anymore, only some memecoins are successful and I think there are big people behind those projects who create these projects on purpose. And there is some reality in the discussions against these memecoins. So before holding any memecoin you should think about the risk and hold it to avoid falling into this trap.The success of Meme coin depends on the hype that often occurs on Twitter and if they hold an airdrop program it will probably become more widely known by traders in the world who often open the Twitter application to find out about something new, including meme coin.
Memecoin's hype is created by planning various platforms including Twitter, no memecoin succeeds just by attracting traders. Behind all successful memecoins there are some big people and that is beyond the thinking of small traders like us. As a result, it is very difficult for small investors to catch the memecoin bottom, due to the fact that among thousands of memecoins coming to the market, only a few can create a strong position in the market. So hunting memecoin is very difficult and risky game.~~~The success of Meme coin depends on the hype that often occurs on Twitter and if they hold an airdrop program it will probably become more widely known by traders in the world who often open the Twitter application to find out about something new, including meme coin.
yes of course because Memecoin, like Dogecoin and Shiba Inu, has garnered significant attention and popularity within the crypto community. However,their importance to the overall crypto market is debatable and depends on how one defines importance.
yes of course because Memecoin, like Dogecoin and Shiba Inu, has garnered significant attention and popularity within the crypto community. However,their importance to the overall crypto market is debatable and depends on how one defines importance.Meme coin is a coin that is suitable for short-term investing. If you call it important, meme coin is also important for fans of hype coins like meme coin. because they can get big profits in a short time, but the risks are also very big.
May I know exactly what meme coins are doing aside from dumping and pumping all the time. If not for Elon that gave themnsom relevance, I bet you many of them wouldn't exist today but because they let them have the taste of the market, all of a sudden it becomes the new hot thing in town without any product to show, just a random coins created for people to use to manipulate price and help rich.Dogecoin was actually very popular and had an impressive price increase in 2017, before Elon Musk's support. The fun value of memecoins was formed from that time and it also really attracted investor attention, although not as strong as it is now.
If today Elon Musk see his Shiba and don't give them relevance again, many people are going to shop buying meme coins but for quick gains, they wouldn't. Some people right in their mind are already planning to use their $100 bought Doge to buy their dream car, crypto is ridiculous recently.