Google Search: Bitcoin Out, Memecoins In

[Rruchi man]

~

Any reduction in the popularity of bitcoin currently due to popularity in meme coins to me is something I consider temporary because bitcoin in a long term will always have the attention of people. Anyone seeking also a long-term Investments in cryptocurrency will definitely still consider bitcoin first above any other meme coin.

Many people will be drawn into cryptocurrency because of meme coins, from that introduction to cryptocurrency, many will know about bitcoins if they don’t already do.

[bayu7adi]

Many people will be drawn into cryptocurrency because of meme coins, from that introduction to cryptocurrency, many will know about bitcoins if they don’t already do.

The worst possibility is, when someone makes Memecoin as their gateway to the cryptocurrency world, then when someone experiences an instant defeat from memecoin, they will leave forever and will not want to know cryptocurrency anymore... it could cause great hatred...

And if he gets a big win from memecoin and wants to try other potential coins, looking at Bitcoin will not provide a solution for those seeking instant profit... therefore, he will still choose memecoin over Bitcoin, because memecoin has given him instant profit...

[Baofeng]

~

Any reduction in the popularity of bitcoin currently due to popularity in meme coins to me is something I consider temporary because bitcoin in a long term will always have the attention of people. Anyone seeking also a long-term Investments in cryptocurrency will definitely still consider bitcoin first above any other meme coin.

Many people will be drawn into cryptocurrency because of meme coins, from that introduction to cryptocurrency, many will know about bitcoins if they don’t already do.

Meme  coins? we haven't heard anything that stick in the next six months or so. Yeah, this is just temporary but if you look at it, Bitcoin is not affected, prices is still above $100k so not sure if it really put a dent on the market or not.

So maybe meme coins are just in right now, but in a investors perspective, it's really risky and for sure most of us here are not really into this kind of meme coins and would rather put our hard earn money into Bitcoin. So no need for comparison.

[LogitechMouse]

Let's just wait until when this memecoin trend will end, in the end everyone will return to the more trusted Bitcoin.

Yeah, meme coins is all about hype, no utility, no value and no long term property. Take a look at Trump meme coim, when it was launched, many people rushed to buy, those who were early were lucky to make returns, but right now you can't really be talking about buying that meme coin, because you may lose your money.

In the long term, there's a high chance that you will lose your money because after a few years, 80% of the total supply will be held by the developers (assuming that they will not be selling their coins). Just look at their tokenomics.

Short term, you can still make money from it AS LONG AS you're good at trading. I mean if you will look at the chart, it seems like $25 is the current support. I agree with what you said though that most of the meme coin doesn't have use case at all, and it's all about hype, and I believe this is also the reason why Bitcoin is struggling to go up. Instead of the money going into Bitcoin, it's all going to meme coins.

[Z-tight]

and I believe this is also the reason why Bitcoin is struggling to go up. Instead of the money going into Bitcoin, it's all going to meme coins.

I agree with you, especially when Trump and his family decided to launch meme coins, a lot of people ran to it and do not be surprised that some of them even sold their BTC for $Trump. You know people like get rich quick stuff, they take risks with these meme coins because they know if they are lucky it is possible to make a huge amount of money, but how many people get that luck.

[NotATether]

This is not breaking news, this is expected because Meme Hunters only have one thing in their mind and that is to get rich quick. Although what usually happens is that most of them lose everything due to probability and statistics.

Also there are so many people, famous people rug pulling their own fans that the media is reporting on them all the time and degens who want to "get rich quick" are lead to do it too.

Hopefully this will just be like ICOs where it died quickly and never came back.