Crypto: Making Value Out of Thin Air?

[Aanuoluwatofunmi]

The way some were making value indeed out of thin air in crypto and succeeded in it, same also is being applicable for those losing it on the same vein out of carelessness, crypto is what comes in with opportunities in different forms, some are seeing it and making use of it, while some were at the cause of going after it losing it and having nothing to present over it, that is why we must always be informed.

[Z-tight]

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

People who see crypto as a get rich quick scheme often make mistakes, they are very vulnerable to scams such as scam projects, money doubling schemes, deepfake videos, etc. i don't know about other coins, but i know what gives BTC its value, it has utility and solves a problem and so its value is not just made out of thin air.

[bitmover]

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

I think most altcoin marked is just that. Basically ponzi schemes.

There are some very few projects which may have some value after all, but other than those we are really just seeing pump and dump coins.

Just observe which coins are top 100 now and which were top 100 3 years ago. Basically all coins changed, except for a few ... but most of them changed

[taufik123]

-snip-
Just observe which coins are top 100 now and which were top 100 3 years ago. Basically all coins changed, except for a few ... but most of them changed

Yes, everything has undergone quite drastic changes and for coins that have remained in their position and even tend to rise, it is the top altcoin that needs to be used as an investment.

But some also disappeared that were once at the top of the rankings are now undeveloped.

Now many memecoins are in the top 100 and are starting to become hype memecoins.
I have some very good performing memecoins and of course there will still be risks.

Some memecoins also have utility, so they are not just entertainment tokens or joke coins.

[Tribalchief]

I think most altcoin marked is just that. Basically ponzi schemes.

There are some very few projects which may have some value after all, but other than those we are really just seeing pump and dump coins.

Just observe which coins are top 100 now and which were top 100 3 years ago. Basically all coins changed, except for a few ... but most of them changed

What do we really expect when the people coming into crypto in recent times are only here to make short profits. Some developers and investors these days don't really have plans to create a project that will compete with others and grow over time.

With the availability of thousands of altcoins in the market, creating new project, and taking the necessary steps to ensure that the project becomes a success, comes with lots of effort, which some of us witnessed more with other projects that have become success today. But most project that we've had in recent times are only promoted for selfish reasons and short term benefit purposes.

[LogitechMouse]

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And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

Unfortunately, that's the case with most of the altcoins hence, most of them are being labeled as scams.

It's not only for meme coins, but anything that's hyped, or I should say with any altcoin, investors are only thinking of the profit that they can get instead of the value or the benefit of the project to them. I agree with you that investing into meme coins especially with those lower market cap ones are becoming more like a gambling already, and this is the reason why I mainly focus on investing into established projects like those that are on the top already, and of course Bitcoin.

I felt the same OP, but if there's anything that I can do about it, I guess it's to prevent myself from doing that thing or else, the chances of me losing my money would be high.

[jeraldskie11]

I think all investors are here to make money. They believe that making money in crypto is easier than making a business in the outside world. When we talk cryptocurrency, it shows up in our mind that it is very volatile. Volatility of a coins has principles, and each coin has different volatilities including memecoins. That volatility is being taken-advantage by the people especially the Whales because they have the ability to manipulate the market but they always carrying a big risk, and also the other people who invested in it. So instead of making it confusing we can simply say that crypto is a high risk high reward.

[Lucius]

~snip~
And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.
Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

I will say that it is a type of gambling, but one in which players bet against each other in a game where the key is to invest as early as possible, and exit at the best possible moment. All this, of course, with the fact that the owner has a bunch of pre-mined coins that he can dump at any time and thus end the game.

A pot of gold is always waiting for someone, but it is usually not found by ordinary people who invest $100 and dream of turning it into $100 000. I prefer to play the lottery, no matter how small the chances for the main prize are, the rules of the game are clear and everything is a matter of luck.

+1

[Z-tight]

So instead of making it confusing we can simply say that crypto is a high risk high reward.

Crypto, just like anything you call an investment, is risky, though the risk level is never the same. I don't risk my money on new altcoins, i know that a lot of people do, but i think it is synonymous to gambling, so i stay away. I buy BTC and i build my knowledge about it, so i would not lose my coin to scammers or my own mistake, that has been a safer approach and it has worked for me.

[Baofeng]

And with resurgence of memecoin in this cycle of the crypto era, we are again seeing investors looking not for value but for one that can give them x10, x100 and even x1000, of course. So this has become like a gambling thing.

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

That's how it has been, specially with the emergence of altcoins, it started to turn things around and become a gambling per se. For investors, who look for that diamond in the rough so to speak with this meme coins and what is the latest hype.

But for Bitcoin it's very different, we can't even hit x10 now or even x5, but the thing is that it is stable and not that get rich quick scheme like meme coins. I don't see crypto though as making money out of thin air, there are a lot of money being invested, and with that we either win or lose in the end, simply as that.

[Jating]

Everything is out of thin air right now, FEDS continue to print money and so that other countries too. And we have heard this argument before, Bitcoin mining, and everything is not back up by something. But as you can see, there are billions of money flowing in the market, so I do not see that argument that everything is being pulled out of thin air. It's investment already, so there is money around like stocks, people put their money, and maybe take profits and then reinvest again, so that how's we get liquidity here. Remember as well that this arguments didn't start from crypto market, it has been with us for centuries already, and this concepts originated from Banks.

[sampoerna]

That's how it has been, specially with the emergence of altcoins, it started to turn things around and become a gambling per se. For investors, who look for that diamond in the rough so to speak with this meme coins and what is the latest hype.

But for Bitcoin it's very different, we can't even hit x10 now or even x5, but the thing is that it is stable and not that get rich quick scheme like meme coins. I don't see crypto though as making money out of thin air, there are a lot of money being invested, and with that we either win or lose in the end, simply as that.

Maybe for people who expect quick and multiple profits, meme coins or shit coins that have just emerged are a path that they can really rely on. because if we look at it, sometimes in a few hours there are also new coins that increase by hundreds or even thousands of percent. this is crazy, that's why many of the profits are really beyond reason.

but yes, this is different from Bitcoin, as long as we still hold and don't sell at a loss, our assets are safe in Bitcoin, which will one day be able to increase again. and this is a very valuable crypto asset and can be said to be quite certain for the crypto business. but what about the new coins or meme coins or shit coins? If the time has passed or it is too late to take profits, it will be very difficult to hope that the price will go up that drastically again.

that's why, there is always the saying "high return, high risks, and vice versa.

[Lucius]

Crypto, just like anything you call an investment, is risky, though the risk level is never the same. I don't risk my money on new altcoins, i know that a lot of people do, but i think it is synonymous to gambling, so i stay away. I buy BTC and i build my knowledge about it, so i would not lose my coin to scammers or my own mistake, that has been a safer approach and it has worked for me.

It's definitely a safer approach that works for me, even though I've been doing it for almost 10 years and I've had the opportunity to invest in BTC at much lower prices, which means that I've been in big profit for a long time and I'm not so worried if the price of BTC drops by 20% or if it jumps as much.

Those who are just starting or started 1-2 years ago do not see BTC as a big opportunity if they compare it with altcoins that have really crazy pumps and that is why a lot of people decide to gamble with altcoins. I also think that they do not experience their losses too tragically, because their investments are in the range of several tens of $ per week, or perhaps $100 per month.

+1

[MrSpasybo]

Maybe for people who expect quick and multiple profits, meme coins or shit coins that have just emerged are a path that they can really rely on. because if we look at it, sometimes in a few hours there are also new coins that increase by hundreds or even thousands of percent. this is crazy, that's why many of the profits are really beyond reason.

but yes, this is different from Bitcoin, as long as we still hold and don't sell at a loss, our assets are safe in Bitcoin, which will one day be able to increase again. and this is a very valuable crypto asset and can be said to be quite certain for the crypto business. but what about the new coins or meme coins or shit coins? If the time has passed or it is too late to take profits, it will be very difficult to hope that the price will go up that drastically again.

that's why, there is always the saying "high return, high risks, and vice versa.

Well, we shouldn't compare memecoins to BTC because it's like insulting BTC. Although BTC was also created from nothing (along with a lot of hardware and energy), it has achieved great success in the financial market.

On the other hand, memecoins and many other types of tokens are created hastily through support software and cost only a few dollars. They still have a chance to succeed and exist for a long time like SHIB, PEPE, BONK, but most of them will fail and be forgotten in the history of this market. I really hope that new investors will avoid "junk" tokens and focus on top coins.

[coinerer]

Do you feel the same thing too...or do you prefer to see that at the end of rainbow there is something really waiting for this industry...maybe a pot of gold?

Well there's nothing at the end of the rainbow. We should enjoy the rainboy untill it fade away. If we wants to make some good profit we've to accept the risk of losing our asset.

In memecoins it goes on just in reputation. Everyone knows dogecoin is the first memecoin and it was very cheap untill elon musk shows his interest on Dogecoin.

But some crypto does have actually use cases , they are solving problems of this crypto industries and bringing creativity inventing and intruducing new feature to us. We should choose them instead of blindly picking a token. Cause their team continuously working and bound to bring something new and attract more new user in this market.

Crypto nowadays accepting in a lot of industries and using broadly. So we have to decide what we're investing. Is the team is good?

If we can find out these it's not like gambling it's fundamental analysis. At the last don't mix your emotion in crypto.

We saw a lot of bug industries falls to zeero. Like $FTX & $LUNA who would have thought they are gonna be bankruptcy. So it's not always predictable, Don't mix your emotion.