Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: Yeecrypto on February 11, 2025, 03:31:16 PM
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
speaking of meme narrative I just came across an interesting meme coin called JAILSTONE—it was actually made to mock Dave Portnoy for his pump-and-dump habits. After a joke about potential legal troubles related to alleged market manipulation, he ended up buying JAILSTONE and even promoting it. As a result, the project skyrocketed to around a $200M market cap at its peak.
What’s the most interesting meme coin narrative you’ve ever heard?
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
speaking of meme narrative I just came across an interesting meme coin called JAILSTONE—it was actually made to mock Dave Portnoy for his pump-and-dump habits. After a joke about potential legal troubles related to alleged market manipulation, he ended up buying JAILSTONE and even promoting it. As a result, the project skyrocketed to around a $200M market cap at its peak.
Come to think of it meme coin networks are basically just a game of profit and loss based on both liquidity put in suddenly and pulled out suddenly too. Basically they pump something not worth it and just with enough hype and advertising they get a ton of profit minded investors too and in the end those late and poorly informed lose to the bigger investors.
The game of profit only scheme is the reason why meme coins can't hold up a good price dumping is inevitable just as pumping is engineered.
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In principle, memecoins means making big money out of jokes and we should not be wondering on this as our entertainment industry is actually raking in billions by making us laugh and cry. Now, this is why many people are getting interested with memecoins as they can pump in a blink of an eye but the risk is that they can dump the next minute. Just like the gambling industry, there will always be big winners but those who lost are just silent as they hope to one be the winners too. I think there are now many people who are addicted to memecoins as they look at them as a way to gain financial wealth. That $JAILSTONE story can really be funny...and this aspect alone can make a good number of people look at memecoins with some seriousness.
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In principle, memecoins means making big money out of jokes and we should not be wondering on this as our entertainment industry is actually raking in billions by making us laugh and cry. Now, this is why many people are getting interested with memecoins as they can pump in a blink of an eye but the risk is that they can dump the next minute. Just like the gambling industry, there will always be big winners but those who lost are just silent as they hope to one be the winners too. I think there are now many people who are addicted to memecoins as they look at them as a way to gain financial wealth. That $JAILSTONE story can really be funny...and this aspect alone can make a good number of people look at memecoins with some seriousness.
with instant wealth we also have to dare to take the risk of losing it actually, because as we know the coin meme is identical to risk, but for those who can read the situation I think the risk can be minimized, and for the $JAILSTONE coin itself I am not that familiar so no opinion about the coin
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
'that's the game'? Scams and rug pulls, i am sure i do not want to be part of this game. Memecoin is only fun if you are lucky to invest early in any one of them that pumps, however, if you are not one of such people, you will regret gambling with your money, because you will surely lose it, Official Trump memecoin is a perfect example.
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What’s the most interesting meme coin narrative you’ve ever heard?
honestly nothing lol but that is to be expected because memecoins are supposed to be fun as you said and quite stupid at times memes usually do not make sense without any context you are gonna need some explanation to find any memes funny these days which is why with memecoins it is also like that
they are fun but they are not exactly interesting like i have seen memecoins inspired from animals which may be cute but not really mind boggling or compelling
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What's the fun in scamming users?
Pump and dumps mean someone gets the money from gullible persons, in any other business this would lead to jailtime, but somehow crypto users like this wild west environment and then scream about everything in real life screwing them.
If you accept this schemes how can you even complain about something else?
Look, the president just built himself a 20 million pool out of education money, how funny is that!!!!!!
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
speaking of meme narrative I just came across an interesting meme coin called JAILSTONE—it was actually made to mock Dave Portnoy for his pump-and-dump habits. After a joke about potential legal troubles related to alleged market manipulation, he ended up buying JAILSTONE and even promoting it. As a result, the project skyrocketed to around a $200M market cap at its peak.
What’s the most interesting meme coin narrative you’ve ever heard?
There's no fun in scamming investors. A pump and dump scheme is basically a way of scamming investors because they market the meme coin until it comes to a point where those early buyers will sell it to their faces. Rug pulls aren't fun either. Imagine how many investors are losing money on a daily basis while a few people are making money off of it.
As for the token, not familiar with that one, but I remember that it will be listed on Bitget and speaking of Bitget, they have been listing coins here and there whether it's a meme coin or whatever token it is. Whatever the case is, if you aren't ready to lose your money then don't put it into meme coins particularly those newly created ones.
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There is actually a memecoin that I think also was pumped named after Dave which is named after him "FARTNOY token". I have no idea why Dave have been into this memecoin already but he seem famous.
Theres one memecoin called "Nike" on ADA. This is actually a pet pig of Charles Hoskinson, the pig is so huge that someone decide to create one meme token about that pig. Its price was once pumped.
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It's not pump-and-dump habits, it's the basis of current memecoins. If you ask someone why they invest in memecoins, they'll either be hoping they'll explode or afraid they'll crash. such memecoins went from being a joke, to something Elon Musk pumped into a scam.
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Campaigns for meme coins are often ephemeral and are amplified through social media, so most meme coin hype will come from various social media channels. Meme coin origin of humor is perhaps their most notable characteristic. Meme coins are often created as jokes or parodies relying on humor or sarcasm to provide entertainment value. All meme coins will generate hype at least once so do your research before investing to see if you can get the hype. Moreover, many aspects of a meme coin can be volatile and including its price, trading volume and market liquidity.
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Well, one month later and nobody managed to show what is "fun" in meme coins!
Literally, where is the fun in it? What is funnier trading piggotcandyforhisbirthday rather than litecoin?
I seriously don't get the fun part in standing glued to the screen waiting to get scammed the next second.
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I seriously don't get the fun part in standing glued to the screen waiting to get scammed the next second.
Fun things are only obtained for those who enter early and those of us who are just ordinary buyers will only get the rest and even just become garbage in the end.
After the FOMO happens and then a big drop occurs and it is a sale made by an insider or even the developer of the project itself.
Such memecoins are only controlled by scammers who only farm very easily and move to other new memecoins.
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I seriously don't get the fun part in standing glued to the screen waiting to get scammed the next second.
Fun things are only obtained for those who enter early and those of us who are just ordinary buyers will only get the rest and even just become garbage in the end.
Which means the fun is in winning, if you manage to do that, meaning everything is about money. ;)
So, you can say that stocks are funny too, cause you can have fun if you nail the trades.
I think a lot don't understand that trading meme coins is fun just as much as saying you're doing exercises by trading Nike stocks, it's all as you said, all about the money!
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...they are fun but they are not exactly interesting like i have seen memecoins inspired from animals which may be cute but not really mind boggling or compelling.
Many memecoins are inspired by animals and indeed they can be fun, cute and even profitable if one is able to enter at the right time and parachute out before the spaceship is grounded. One thing for sure, animal-based memecoins are just taking advantage of trends and when the power of those trends are out they will mostly struggle to maintain their momentum hence will lose value when the realities of the market set in. In other words, one must be as fast as lightning here, otherwise one will end up with valueless assets. I am hoping that soon memecoins can be able to offer not just cuteness but also solid use-cases so they can last into the long-term.
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- There are so many meme coins that are currently circulating, so there are also many who are falling victim to meme coin scams because fake developers or devs who are scammers are also circulating. There are so many meme coin makers on moonshot and pumpfun.
Because this is the place they are most of the time, there are also many crypto communities that are participating in small capital that they will suddenly get rich
when they gamble and also rely on luck so it is not surprising that many of them are really falling victim to this mindset of the majority.
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
speaking of meme narrative I just came across an interesting meme coin called JAILSTONE—it was actually made to mock Dave Portnoy for his pump-and-dump habits. After a joke about potential legal troubles related to alleged market manipulation, he ended up buying JAILSTONE and even promoting it. As a result, the project skyrocketed to around a $200M market cap at its peak.
What’s the most interesting meme coin narrative you’ve ever heard?
Yes, from the beginning, meme coins were developed just for fun, and finally became a very promising profit. And now, we often feel very funny and surprised by the development of meme coins. It's just that, what else can we do. There are many factors that make meme projects always appear. And in an instant, there are many meme coin projects that are very successful, have managed to get hype and finally succeed after being listed on a platform. And all of that brings a very significant increase in price. But, it's not finished yet, I'll tell you all about the very promising stage, it's just that it all carries a very high risk. Because often many newcomers are trapped in this new meme coin series, and this makes them lose a lot of money. Yes, because they only judge from the hype. In fact, developer projects can easily make it seem as if their projects are really successful, creating hype, and so on so that more and more investors can come in.
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
Which is why people should understand the risks. People are attracted to profit but they do not consider that these memes are manipulated projects by whales and its developers so if you do not understand do not know how to play this game you are likely going to lose, so many memes are engaged in rug pull, so you have to do a deep research before participating.
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
Which is why people should understand the risks. People are attracted to profit but they do not consider that these memes are manipulated projects by whales and its developers so if you do not understand do not know how to play this game you are likely going to lose, so many memes are engaged in rug pull, so you have to do a deep research before participating.
For me memecoin is like gambling, why do I say that? because there is nothing that makes us analyze, because from the beginning memecoin was created based on a narrative like you said, without any purpose and so on.
But of course it's fun if we can find the right memecoin, because it can give us a very big profit. But the problem is that memecoin is rarely like that.
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...they are fun but they are not exactly interesting like i have seen memecoins inspired from animals which may be cute but not really mind boggling or compelling.
Many memecoins are inspired by animals and indeed they can be fun, cute and even profitable if one is able to enter at the right time and parachute out before the spaceship is grounded. One thing for sure, animal-based memecoins are just taking advantage of trends and when the power of those trends are out they will mostly struggle to maintain their momentum hence will lose value when the realities of the market set in. In other words, one must be as fast as lightning here, otherwise one will end up with valueless assets. I am hoping that soon memecoins can be able to offer not just cuteness but also solid use-cases so they can last into the long-term.
Just like the name sound, meme coins will remain a meme coins in what ways we may want to paint it, they remain meme, created for fun. There is a different between meme coins and utility token. The user case that surround the utility tokens make it different from meme coins, in facts, meme coin are created for excitement and happiness.
As long as meme coins continues to be created, they will not migrate to utility token, however they have made great impact on the crypto community despite the various scammers activities on the space. Hopefully, meme coins will keep bringing fun to the crypto community especially the genuine memes.
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Just like the name sound, meme coins will remain a meme coins in what ways we may want to paint it, they remain meme, created for fun. There is a different between meme coins and utility token. The user case that surround the utility tokens make it different from meme coins, in facts, meme coin are created for excitement and happiness.
but if memecoins remain to be created just out of memes, they will not really progress and the community will be stagnant and over time maybe no one will be as interested anymore i feel like after some good years the process of pump and dump could be tedious for some and may make them lose interest over these memecoins
As long as meme coins continues to be created, they will not migrate to utility token, however they have made great impact on the crypto community despite the various scammers activities on the space. Hopefully, meme coins will keep bringing fun to the crypto community especially the genuine memes.
memecoins could integrate utility as well to stand out or at least build a purpose around the coin
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Lastly, the Jailstool coin that had about $200 million as marketcap, is today having about $7 million as marketcap.
You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
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You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
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You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
- You know, I've noticed that even though many of us here have been reminding our fellow forum members about Fomo and rug pull, there are still many who are still victims, I don't know why. Maybe because there are still many ignorant and innocent people when it comes to these issues in the crypto space.
So I hope that those who are entering this industry will first be vigilant or observant and first learn to really know the basic things about it because crypto investment is really high risk and they will value the capital they will use to buy crypto.
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They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
Of course, meme coin has no intrinsic value so it is unlikely to have long term stability. Also, meme coin is a high risk game so it is important for everyone to be aware of this. Initially, the price of meme coin fluctuates suddenly and many investors fall into the trap of this notorious scam. Meme coin price fluctuations are often influenced by trends and social media discussions, so everyone should be careful about this. Small amounts of meme coin can make you profit but large amounts can also cause significant losses.
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Meme coin price fluctuations are often influenced by trends and social media discussions, so everyone should be careful about this.
it can also be a double edged sword because these trends can be what will cause the hype around the project and what will be able to give you profit but it can be so volatile because these trends are also very fluctuating one day it can be a good thing the next day the trend might have died down already
Small amounts of meme coin can make you profit but large amounts can also cause significant losses.
that depends where you got your memecoin allocation if you got it from airdrops alone then i think you are safe to go
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They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
Of course, meme coin has no intrinsic value so it is unlikely to have long term stability. Also, meme coin is a high risk game so it is important for everyone to be aware of this. Initially, the price of meme coin fluctuates suddenly and many investors fall into the trap of this notorious scam. Meme coin price fluctuations are often influenced by trends and social media discussions, so everyone should be careful about this. Small amounts of meme coin can make you profit but large amounts can also cause significant losses.
Meme coins are unregulated and can be easily bought and sold in the market, and therefore they have very little backing which makes them highly volatile. Some investors develop the notion that they will become super rich and end up a bankrupt when the tide turns. Meme coins are mainly created through discussions on social media or in specific subreddits and it is not rare for its price to go up and down just from that. For anybody whom would want to venture in this form of investment, it is advisable to do so wisely by accepting that it is a very risky area of investment. Fast growth is possible, so is the decline. If you are aware of this then, it will help to manage your expectations in the right manner, to the greatest extent.
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speaking of meme narrative I just came across an interesting meme coin called JAILSTONE—it was actually made to mock Dave Portnoy for his pump-and-dump habits. After a joke about potential legal troubles related to alleged market manipulation, he ended up buying JAILSTONE and even promoting it. As a result, the project skyrocketed to around a $200M market cap at its peak.
What’s the most interesting meme coin narrative you’ve ever heard?
The token name is not jailstone it is jailstool, please correct the meme coin name. I just read the whole story behind this coin and really surprised to hear the pump and dump manipulations of this Dave as this is my first time hearing about him.
He really pumped and dumped many memecoins via his twitter but all the time if I am not wrong he shared a disclaimer that I will sell so don't spend with money you can't lose.
Point is, he gave disclaimer but he was manipulating everything via his followers and I am amazed to see how his followers made this jailstool meme coin trending on twitter on his demand within 20 minutes. He really have a very active community.
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You know, I've noticed that even though many of us here have been reminding our fellow forum members about Fomo and rug pull, there are still many who are still victims, I don't know why. Maybe because there are still many ignorant and innocent people when it comes to these issues in the crypto space.
Those who are still stuck with memecoin FOMO certainly always expect big profits with small capital, but if it continues to be done then the capital will also run out.
I also did it and didn't stop, at first I did get a big profit but then the profit ended up being lost on other memecoins and it kept happening until my capital disappeared.
It was a reminder to me that it takes a good mentality and a clear goal when it comes to trading memecoins.
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Initially, the price of meme coin fluctuates suddenly and many investors fall into the trap of this notorious scam. Meme coin price fluctuations are often influenced by trends and social media discussions, so everyone should be careful about this. Small amounts of meme coin can make you profit but large amounts can also cause significant losses.
A trend that happens to memecoins is sometimes just made up and devs only hire influencers to market their new memecoins.
this makes memecoins trending and more people buying, but in the end it will only end up with Rugpull.
I see a lot of memecoins that are indeed made for the purpose of deception and everything that is made for marketing is just crap.
And about the number of coins that are owned by a few or a lot, it is only limited to numbers, but when the hype is done it will generate the same profit and yes in the end it will only be abandoned and some that survive until now certainly have a strong development and commitment to continue building it.
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You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
I don't know why there are still many who speculate about being able to buy meme coins with the aim of having a surprise and getting a profit from the surprise that exists, but in fact, until now, meme coins have not given a surprise to increase but a surprise to lose, because their value is no longer there after that.
You are right that it always happens that many people fall prey to fraudulent projects because they are tempted by things that are impossible to happen.
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You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
I don't know why there are still many who speculate about being able to buy meme coins with the aim of having a surprise and getting a profit from the surprise that exists, but in fact, until now, meme coins have not given a surprise to increase but a surprise to lose, because their value is no longer there after that.
You are right that it always happens that many people fall prey to fraudulent projects because they are tempted by things that are impossible to happen.
In investing in token mem, we must do research and observe the project and it is better to do it quickly while it is still hype. Buy before the hype and sell when the token is still hype, because the speed of buying and selling will determine the amount of our profit, because if we are late in selling we will be trapped in high prices and have difficulty getting profit, eventually losing money.
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It's fun how Memes works—any token can be created around a narrative, and with the right marketing, it can explode.though it also has downside rug pulls but that's the game
speaking of meme narrative I just came across an interesting meme coin called JAILSTONE—it was actually made to mock Dave Portnoy for his pump-and-dump habits. After a joke about potential legal troubles related to alleged market manipulation, he ended up buying JAILSTONE and even promoting it. As a result, the project skyrocketed to around a $200M market cap at its peak.
What’s the most interesting meme coin narrative you’ve ever heard?
I want to believe this fierce of a thing and risk does not only applies to memecoins alone, anything we are doing that involves making an investment has it own risk, be it small or big, we should just be more focused on how we could take opportunity after weighing and comparing the two sides and see we can still afford taking the risk, that is how we see most making it, because they already developed such courage needed to make an investment after considering what is at stake for them to risk at the course.
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You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
I don't know why there are still many who speculate about being able to buy meme coins with the aim of having a surprise and getting a profit from the surprise that exists, but in fact, until now, meme coins have not given a surprise to increase but a surprise to lose, because their value is no longer there after that.
You are right that it always happens that many people fall prey to fraudulent projects because they are tempted by things that are impossible to happen.
In investing in token mem, we must do research and observe the project and it is better to do it quickly while it is still hype. Buy before the hype and sell when the token is still hype, because the speed of buying and selling will determine the amount of our profit, because if we are late in selling we will be trapped in high prices and have difficulty getting profit, eventually losing money.
After the hype comes the dump. Selling the invested memecoins during the hype is the perfect idea way to deal with memecoins because once the hype is gone, losses is what follows. No investor will feel happy when there invested memecoins is on the downside because they may not bounce back to their previous high price.
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After the hype comes the dump. Selling the invested memecoins during the hype is the perfect idea way to deal with memecoins because once the hype is gone, losses is what follows. No investor will feel happy when there invested memecoins is on the downside because they may not bounce back to their previous high price.
And indeed must be smart in reading the situation. because often we fail because the moment is too late. while the meme coin market often does not last that long. Only briefly listed on the exchange, then the price skyrockets in an instant, and can also drop in an instant. so yes, this is very risky if you do not monitor directly and carefully the development of the meme tokens, especially if you are about to list. but if we succeed in getting the moment, this will be wow the results, extraordinarily satisfying.
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You don't praise a particular memecoins because its price skyrocketed over time, while it will later experience a dump. I always feel pity for those who invest in memecoins out of FOMO because of the short term profits they have seen
They will just lose everything and there will be no return, even worse the memecoins they buy have no price at all and the developers just disappear with a lot of profits, but those who buy will only make a loss.
Those who are too FOMO will only fall prey to fraudulent projects.
I don't know why there are still many who speculate about being able to buy meme coins with the aim of having a surprise and getting a profit from the surprise that exists, but in fact, until now, meme coins have not given a surprise to increase but a surprise to lose, because their value is no longer there after that.
You are right that it always happens that many people fall prey to fraudulent projects because they are tempted by things that are impossible to happen.
In investing in token mem, we must do research and observe the project and it is better to do it quickly while it is still hype. Buy before the hype and sell when the token is still hype, because the speed of buying and selling will determine the amount of our profit, because if we are late in selling we will be trapped in high prices and have difficulty getting profit, eventually losing money.
Investing in meme coins is certainly not easy, and you really have to do proper research because most of their projects are very non-transparent, so that many are deceived into investing.
Agree, buy when it is hype and don't hesitate to sell it immediately when the price is indeed very good, because being late in selling meme coins will bring, as you said, we losses will be experienced. Of course, we don't want that to happen.