Do you think projects should improve with the use cases they offer ?

[bayu7adi]

Now don't just trust influencers even though they look very convincing, because in the end the memecoin you buy will be the Exit Liquidity of those who already bought it in the beginning.

Actually I already realized it, but maybe some other people's beliefs who are about to enter the cryptocurrency realm might be that they hope that they don't miss the train... yes, the hope of many who have just entered is that they can still see another pump once again and take advantage as soon as possible... unfortunately many of them are too late...
If they don't buy, many people regret it, because they missed the opportunity to double their money... but when they buy memecoins without a clear use case, they actually lose money because they sell at a lower price.

[Jating]

-snip-
The majority will use important world events to associate with their memecoins.. because branding memecoins is quite difficult and taking advantage of hype looks simpler... even though they only associate the name, not fully related internally.

There will even be many similar memecoin names and it just depends on who is registered first and how widely they are marketing.

I think marketing will be same, twitter, forum and other social media that attracts crypto users. Before most of them started in 4chan because that's where most developers mostly talks about project.

Memecoin snipers and insiders will always monitor the latest memecoin trends and will become hype when many influencers start buying.
Now don't just trust influencers even though they look very convincing, because in the end the memecoin you buy will be the Exit Liquidity of those who already bought it in the beginning.

Yeah, I like your term though, meme coin sniper, but that is true, there are many crypto enthusiast who are good at it. Like combing the social media and one of the first one to invest because they know that 'early birds catches the worm'. So that is their mentality and I will say some of them are really very good at it and becoming successful.

[taufik123]

Yeah, I like your term though, meme coin sniper, but that is true, there are many crypto enthusiast who are good at it. Like combing the social media and one of the first one to invest because they know that 'early birds catches the worm'. So that is their mentality and I will say some of them are really very good at it and becoming successful.

Those who are earlier gain an advantage during the first rise and then they exit, but if the snipers or insiders are not disciplined they will not benefit.
Some developers also won't let people take profits at the beginning, they have to be prepared to sell first.
Sometimes those who come early will get a loss at the beginning and the project will only disappear afterwards.

[Kemarit]

Yeah, I like your term though, meme coin sniper, but that is true, there are many crypto enthusiast who are good at it. Like combing the social media and one of the first one to invest because they know that 'early birds catches the worm'. So that is their mentality and I will say some of them are really very good at it and becoming successful.

Those who are earlier gain an advantage during the first rise and then they exit, but if the snipers or insiders are not disciplined they will not benefit.
Some developers also won't let people take profits at the beginning, they have to be prepared to sell first.
Sometimes those who come early will get a loss at the beginning and the project will only disappear afterwards.

For the experience, I think it will take sometime before we can really grasp how important for beginners. So it might take sometime for us. And also you are right about the discipline.

Maybe some of us here will think that it's easy and so when we profits we all used that money. It's not like that, maybe the next time the project that we are going to invest is not as profitable as the first one. So it might be better to at least some profit for ourselves.

[tabas]

All of the projects need to focus on their use case. Because that is what many of them lack of. All they want to do is to increase the volume of their sales and holders. That's not going to work if there is no interesting thing that they offer. And so, this is the main reason why an investor invests on them. The usability of it and what it is going to be for is what mainly are being looked upon to. If there is nothing such that, it's going to take most of them to learn when they see many flops.

[joniboini]

And so, this is the main reason why an investor invests on them. The usability of it and what it is going to be for is what mainly are being looked upon to. If there is nothing such that, it's going to take most of them to learn when they see many flops.

Maybe this has been discussed previously, but I do think there's a different kind of 'investor' like the meme coin hunter mentioned above who doesn't care about the product but focuses on trends and short-term hype. This is why marketing and timing are also important. A project that I have followed since 2017 keeps making new products and contracts with real businesses, yet nobody knows about them because they don't spend more effort on marketing. They believe that a good product is what they need, which isn't wrong, but they fail to understand that crypto is so sensitive to trends. It's a given that they need to improve their products; it's another thing to realize they need to market themselves more in crypto because short-term traders don't want to spend extra effort learning about your new partnership that is only popular in a B2B market.

[bitterguy28]

And so, this is the main reason why an investor invests on them. The usability of it and what it is going to be for is what mainly are being looked upon to. If there is nothing such that, it's going to take most of them to learn when they see many flops.

Maybe this has been discussed previously, but I do think there's a different kind of 'investor' like the meme coin hunter mentioned above who doesn't care about the product but focuses on trends and short-term hype.

we have different approaches on investing a lot of people do not like the idea of solely depending on hype because it is risky and very rarely you will find success in but if other people are good at it then it is their risk to bear

It's a given that they need to improve their products; it's another thing to realize they need to market themselves more in crypto

having a good project is essential but so does having good marketing techniques they often come hand in hand because no matter how purposeful your project is no one is going to actually know about it unless you tell them about it

[taufik123]

For the experience, I think it will take sometime before we can really grasp how important for beginners. So it might take sometime for us. And also you are right about the discipline.

Learning from other people's experiences can also be done so as not to fall into the traps that are often done by beginners.
There are many references that can be learned so that you do not feel the same failure and will get some experience that can be projected to optimize the investment made.

Some beginners may go through a different process, but of course the main goal will be the same, which is how to understand the market and the project that is being worked on.

[tabas]

And so, this is the main reason why an investor invests on them. The usability of it and what it is going to be for is what mainly are being looked upon to. If there is nothing such that, it's going to take most of them to learn when they see many flops.

Maybe this has been discussed previously, but I do think there's a different kind of 'investor' like the meme coin hunter mentioned above who doesn't care about the product but focuses on trends and short-term hype. This is why marketing and timing are also important. A project that I have followed since 2017 keeps making new products and contracts with real businesses, yet nobody knows about them because they don't spend more effort on marketing. They believe that a good product is what they need, which isn't wrong, but they fail to understand that crypto is so sensitive to trends. It's a given that they need to improve their products; it's another thing to realize they need to market themselves more in crypto because short-term traders don't want to spend extra effort learning about your new partnership that is only popular in a B2B market.

That makes sense, having a good product doesn't also convert into a success that these projects are going to have. Like what the people are telling, trend is our friend and those kind of investors are going on with what they can and takes advantage of the current scenario and trend for them to benefit. I understand that and there is no hope for most memecoins to have a product that's going to be for their use case because their use case is to get traded and get more volume in exchanges.

[joniboini]

we have different approaches on investing a lot of people do not like the idea of solely depending on hype because it is risky and very rarely you will find success in but if other people are good at it then it is their risk to bear

I understand that, and I believe that's more or less the point of my post. Basically, not everybody chases projects with real products, which is a shame, but it is what it is. A business needs to understand and plan accordingly because the market won't suddenly change its tune to fit their narrative. Whether you're a crypto business or not, I think that is essential.

I understand that and there is no hope for most memecoins to have a product that's going to be for their use case because their use case is to get traded and get more volume in exchanges.

I agree. Meme tokens or other similar products aren't the place to look for high-quality products in the sense of meaningful use cases like a new blockchain tech or something similar. It's where some money goes, hence why you need to manage your risk properly.

[tabas]

I understand that and there is no hope for most memecoins to have a product that's going to be for their use case because their use case is to get traded and get more volume in exchanges.

I agree. Meme tokens or other similar products aren't the place to look for high-quality products in the sense of meaningful use cases like a new blockchain tech or something similar. It's where some money goes, hence why you need to manage your risk properly.

Yeah, we cannot that. Wherever money goes, this is the new trend that many has to follow too. But it is not guaranteed that everyone will make money on it. I didn't make that much money on it and that's why I don't follow the trend of memecoins anymore. I like the stable and better way of staying with the oldies projects that I know will do good in the future. This approach is better and working for me and if others are frustrated with the memecoins, they don't have to go elsewhere for that..

[Faisal2202]

But, no matter how good the project related to decentralized storage is, IMO it will only attract a small part of the market... why? Because currently some competitors for cloud storage or other centralized storage, it is more interesting and even has mature services... different if we look for the concept of "decentralized" only, maybe there are different choices...

Some projects that are already popular and centralized, try to make a decentralized version, for the success rate we all know it is very low... while investors need money that grows, nothing else.. in the cryptocurrency world, the hype is what is interesting, even though it is garbage...

This distributed storage platforms are not garbage while the hype projects mostly in the market are as you indicated. But nothing can happen now because investors has made their minds to not give much importance to this sector as it had its time now people are more focused on other trending projects like AI based.

It attracted a good part of market but as we all know the hype fades away and the same thing happens here. The hype faded. But still we should give chance to these new distributed storage networks.