Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Jujuboy on December 13, 2024, 09:09:14 AM
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Memes have been the buzz lately, with tokens like PNUT and BAN earning some people impressive gains. With thousands of new memes flooding the market daily, many are still caught up in the degen game. As for me, I prefer projects with solid use cases. While these are often long-term plays, I enjoy the patience game.
For example, I find EigenLayer, with its restaking use case, intriguing. Currently, I'm exploring Lumoz Protocol, a globally distributed modular computing network designed to improve ZKP computation and AI services by enhancing efficiency and reducing costs.So Are you into meme tokens or projects with strong narratives? Which ones are you currently watching?
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One reason I really don't fancy most meme coins we see these days is because of the motive that drives them. Most times the whole thing is literally just a profit minded scheme that puts the average crypto investor in loss shortly after investing. A couple of weeks ago there was hype of PNUT all over the internet especially twitter and people dived into investing and at first everything was very nice since most early investors got to around 3X.
I think not long ago I saw a couple of tweets too that PNUT dumped. Though I didn't bother to go though chart the whole thing just seemed like the regular pump and dump schemes we often come across.
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I remember reading a similar question before. Not sure if you're the one who asked that or not OP. I do agree that a project with a solid use case is likely going to survive through the most turbulent times, but the crypto market needs more than that. I followed more than 3 projects with good ideas but all of them died because they couldn't sustain the hype. If you can't attract degens to your project and pump your token your project will likely die even though you have a decent number of customers. So their marketing activity is quite important too. They shouldn't overhype their projects since that can backfire too.
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So Are you into meme tokens or projects with strong narratives? Which ones are you currently watching?
I am yet to find single meme project worth investing in (other than speculation purposes of course).
Other projects which I like is Optimism, I like the idea of superchain in itself and popular names of Coinbase and Soneium using OP Stack to build their chains (Base and Soneium respectively) just gives Optimism more credibility.
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So Are you into meme tokens or projects with strong narratives? Which ones are you currently watching?
Aside from DOGE and probably SHIB, I don't see any meme coins out their worthy of my money. :D DOGE is the only meme coin that I would want to invest and hold for probably medium to long term but the others? SHIB might be a possibility, but aside from the 2, no other meme coins is worthy of investing for me. Some might invest into it still hoping to make some money in the short term.
As for other projects, I still like those Layer 2 projects out there and aside from them, projects that I consider established are the ones that I would invest my money the most. What do I consider before investing into a project? How established the coin is, the current community around it, the benefits of their token holders (basically rewards), and the use-case of it as well.
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Sorry but i am not watching any meme coins or projects, i am not into them, i see them as just pump and dump coins that dump when the hype is over. However, as for what i look for in a project, i will say utility, something to assure me that the coin is here to stay for the long term, because i am not a short term investor.
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I am curious what is the real goal of this topic? To really get answers, or to get attention to mentioned altcoin? Many years ago, when ICO was popular, it was a must to analyze team, whitepaper, milestones. In majority, doing all that today seems to be useless. First of all, we dont have such large variety of projects to invest in. Secondly, all those steps give zero guarantee of success. Imo its better to follow what large funds invest in, and try to copy that.
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I am curious what is the real goal of this topic? To really get answers, or to get attention to mentioned altcoin?
It could be any of that, i have seen people create topics to promote coins that they have just bought, so as to get more people to buy it, or maybe op wants people to recommend coins to them, which is wrong in my opinion, because people would probably just recommend coins they have bought too, lol.
Secondly, all those steps give zero guarantee of success.
It is really hard to invest in altcoins, you never know what to expect with most projects.
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Nothing!
If I wanted to invest in a meme coin I would treat it like a lottery ticket.
Back in the day, I got some coins that had a better return than Bitcoin itself, but if I had bought every single altcoin that was being offered or I had stumbled across I would probably be in red now, so that's why I am not putting one penny in those launches, I can get a free airdrop so be it, investing in them now way!!!
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I am curious what is the real goal of this topic? To really get answers, or to get attention to mentioned altcoin?
~snip~
The only goal is shilling, whether it refers to a specific platform or tokens closely related to it. In fact, most of the topics at the top of this board are opened for one single reason. OP is shill -> https://www.altcoinstalks.com/index.php?topic=112178.msg1678802#msg1678802
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Strong narratives don't mean they're serious, they're just buzzwords. These projects redefine themselves based on market needs but don't reflect a technological breakthrough or a real solution to a problem, making them more like a bump dump.
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Sorry but i am not watching any meme coins or projects, i am not into them, i see them as just pump and dump coins that dump when the hype is over. However, as for what i look for in a project, i will say utility, something to assure me that the coin is here to stay for the long term, because i am not a short term investor.
But not believing in something is different from making money isn't? There people that has introduced me to some altcoins that I never have faith in the first place but because they have invested more than what I even have to invest, I bought and with the little profit, I sold and move on. You don't have to believe before you make money especially in a bull run.
You can always buy some altcoins you know people are bullish into, buy them and hold and when you see that you have had enough profit, sell and port everything back to Bitcoin you believe in.
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But not believing in something is different from making money isn't? There people that has introduced me to some altcoins that I never have faith in the first place but because they have invested more than what I even have to invest, I bought and with the little profit, I sold and move on. You don't have to believe before you make money especially in a bull run.
Are you saying that if somebody told you about a token, and they've bought a ton of it, you'll buy the coins regardless of who it is? I think it will be hard though, since people who openly talk about their timing and how much they bought is quite rare. Not to mention we can't even verify what they said. I remember seeing an influencer post their holding bags, but later some found out he already sold all of them a few hours after he posted it. I do agree that we can still make money out of any trend, but I'd assume by investing you're looking at a longer timeframe instead of short-term trading.
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Are you saying that if somebody told you about a token, and they've bought a ton of it, you'll buy the coins regardless of who it is? I think it will be hard though, since people who openly talk about their timing and how much they bought is quite rare. Not to mention we can't even verify what they said.
It's quite easy to see people talk about different investment on different projects online especially on platforms like twitter where crypto advertisements and hype is on the high side. However the problem is how many of them actually dish out valid information. A majority of them out there are there to mislead the general public just to generate liquidity to their own advantage.
You need to be very careful and skeptical these days before proceeding to invest in any project these days before most of them are just scam schemes covered with a ton of hype.
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But not believing in something is different from making money isn't? There people that has introduced me to some altcoins that I never have faith in the first place but because they have invested more than what I even have to invest, I bought and with the little profit, I sold and move on. You don't have to believe before you make money especially in a bull run.
Are you saying that if somebody told you about a token, and they've bought a ton of it, you'll buy the coins regardless of who it is? I think it will be hard though, since people who openly talk about their timing and how much they bought is quite rare. Not to mention we can't even verify what they said. I remember seeing an influencer post their holding bags, but later some found out he already sold all of them a few hours after he posted it. I do agree that we can still make money out of any trend, but I'd assume by investing you're looking at a longer timeframe instead of short-term trading.
When it comes to most altcoins that people are investing into to make a lot of money, they don’t need to wait for a very long time before they sell them. They are pump and dump coins and there is no need in keeping them for the long term because there are high chances that you’re going to lose them all if you don’t sell when you make small profits from them.
Immediately jumping to buy into a token you’re been tipped about, seeing how many people have bought it and the hype around it could make you earn some profits before you quickly opt out. It is all risk though especially if you don’t get in early like others. The thing is that, the more you stay in the crypto space, the more you learn how to position yourself on risk taking investments like this ones too.
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Memes have been the buzz lately, with tokens like PNUT and BAN earning some people impressive gains. With thousands of new memes flooding the market daily, many are still caught up in the degen game. As for me, I prefer projects with solid use cases. While these are often long-term plays, I enjoy the patience game.
For example, I find EigenLayer, with its restaking use case, intriguing. Currently, I'm exploring Lumoz Protocol, a globally distributed modular computing network designed to improve ZKP computation and AI services by enhancing efficiency and reducing costs.So Are you into meme tokens or projects with strong narratives? Which ones are you currently watching?
meme projects are losing interest from investors because they have not lived up to the expectation and hype that followed it when it was in the pre market or mining phase of their projects infact especially the once that are mined through telegram there's no way that someone will invest into a project some even have some kind of monies that are being paid and when these projects do their distribution and listing you see that it's not worth investing into
What I can say is that over time people have lost interest in investing in these memecoins be because the essence of investment is profit so when that is not achieved there will be loss of interest and confidence on a particular project
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What I can say is that over time people have lost interest in investing in these memecoins be because the essence of investment is profit so when that is not achieved there will be loss of interest and confidence on a particular project
Yeah, it is all about hype, and in the end they dump, the reason why it is called pump and dump. Crypto investors like to jump on the latest trend to try and get some money, but once the hype is no more, they look for the next one. Meme coins is just like gambling, if you buy it, you should not have your hopes up of getting returns.
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I was once into meme coins and every other altocoins, as of then I would research about the coins I want to invest on, I usually invest based on the team's transparency, the features of the project and the reason or solution that the project would provide in the crypto space, if there is any serious case that the coin will have a real utility, then I will invest on the token but if not, I like to avoid it, despite those careful research, those token I thought would do well didn't and I just lose most of those investment that's why I just decided to avoid alt coins. Alt coins investment is risk and it's wise for an investor to just invest the amount they can afford to lose.