Memecoins should not be taken seriously...no need to fret about them

[TomPluz]

 

Memecoins are made not to be taken seriously and so I don't understand why some people will be so dramatic when a certain memecoin will drop in price. No one is hiding the truth on memecoins...in the cryptocurrency industry this one is one of the riskiest of them all as anytime they can fly high or be dead six feet below the ground.

Of course, people can be serious when they invested a lot of money in memecoins and the value of their investment is plummeting like an airplane losing fuel 20K feet in the sky.

Memecoins are appealing to human nature which is greed by painting a rosy garden ready for us to feast on...only to end up with a war ravaged town with dead people lying around.

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

[bayu7adi]

Considering that until now the risk of holding memecoin is very large, it should only be bought by professionals with full awareness... but seeing many people from many circles who buy memecoin for gambling purposes, it is very scary... many people lose because of memecoin, while the media only distributes the winners.. that's how the memecoin industry continues to thrive, where every detrimental thing is always made uninteresting to be published, while the profitable things are always exaggerated... this marketing strategy has proven to be very good and even trash memecoin still survives until now...

I agree not to take memecoin seriously, because the developer is not serious about making this project with a useful use case... why put high hopes on something that can't even be relied on...

[bitterguy28]

Memecoins are made not to be taken seriously and so I don't understand why some people will be so dramatic when a certain memecoin will drop in price. No one is hiding the truth on memecoins...in the cryptocurrency industry this one is one of the riskiest of them all as anytime they can fly high or be dead six feet below the ground.

everyone expects memecoins to just drop eventually it’s not a matter of if but a matter of when if a memecoin lasts for quite a while then that should have been enough for you to make some profit and when it drops should anyone really be surprised anymore? not really we should have all expected it in the first place memecoins are like always standing on thin ice

[robelneo]

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Memes thrive on FOMO because there were investors who made a lot of money in the past because of memes, so every meme that comes has a potential to be the next big thing, the problem is its hard to differentiate what memes will bring profit so investors blindly investing in the hope that the meme they invested will be the next big thing in memes.

[Mr. Magkaisa]

      -      The majority of meme coins that are emerging today, especially those that have recently emerged in the cryptocurrency business, are difficult to trust or take seriously because they could be temporary or just hyped.

It is rare for meme coins to be said to have actually proven themselves in this field of the crypto space. Unlike the meme coins that have recently emerged in the crypto industry, such as Trump, Libra, and Melania, they were all just rug pull moments that caused a lot of investors to become fomo. So, hopefully this will be a lesson learned for the crypto community.

[Aanuoluwatofunmi]

Memecoins are made not to be taken seriously and so I don't understand why some people will be so dramatic when a certain memecoin will drop in price. No one is hiding the truth on memecoins...in the cryptocurrency industry this one is one of the riskiest of them all as anytime they can fly high or be dead six feet below the ground.

Of course, people can be serious when they invested a lot of money in memecoins and the value of their investment is plummeting like an airplane losing fuel 20K feet in the sky.

Memecoins are appealing to human nature which is greed by painting a rosy garden ready for us to feast on...only to end up with a war ravaged town with dead people lying around.

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

We should not let them deceive us, because there is more to be won than all these risk taking on memecoins, we are to learn how we could invest safely on a coin or token that is trusted to perform and not on any memecoins we don't know about than the adverts received about them, because most of these will be saying we should hurry into investment and once we do so everyone in possession of their asset withdrew form it and we begin to realize sudden dump and before we know it already, everyone is on loss.

[yhiaali3]

Yes, memecoins are closer to gambling than to cryptocurrency. In fact, the similarity is in name only. A cryptocurrency must be created for a specific purpose. This means there must be a project, a goal, and a need that the coin meets in the market. Memecoins have none of these.

Memecoins have many drawbacks, but the worst of them is that they have drained liquidity from good coins with strong projects. If all the liquidity in memecoins had been pumped into Bitcoin and Altcoin, we would have seen the market in a different state this cycle.

[hugeblack]

The essence of the adventure is greed, and as long as there are stories of people making quick profits from these tokens, some will inevitably try their luck. The problem is always with those who promote these currencies. They excuse themselves from the fact that they are a scam, but their profit from referral links allows them to continue promoting lies.

[gunhell16]

The essence of the adventure is greed, and as long as there are stories of people making quick profits from these tokens, some will inevitably try their luck. The problem is always with those who promote these currencies. They excuse themselves from the fact that they are a scam, but their profit from referral links allows them to continue promoting lies.

There is truth in what you mentioned dude, the referral link is what really motivates them to continue especially if they benefit from those features and they don't care if their people who sign up under their links get scammed, there are many like that until now.

Most of the time, influencers do that and there are many like that here in our country, particularly influencers who have many followers who promote illegal
platforms that they say will make a profit.

[LogitechMouse]

Memecoins are made not to be taken seriously and so I don't understand why some people will be so dramatic when a certain memecoin will drop in price. No one is hiding the truth on memecoins...in the cryptocurrency industry this one is one of the riskiest of them all as anytime they can fly high or be dead six feet below the ground.

I guess the fact that they lost their money investing into these meme coins are what makes them dramatic. I mean they lost money so, we can't blame them, but I agree with what you said though that meme coins especially those new ones are coins that we don't need to take seriously... or just don't invest into them in short.

Memecoins are appealing to human nature which is greed by painting a rosy garden ready for us to feast on...only to end up with a war ravaged town with dead people lying around.

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Well, many investors want quick and easy way of earning money and what's the easiest way to do it? Investing into high-risk coins like meme coins. Unfortunately, some of the investors doesn't have the patience to hold coins anymore and instead, they go to high risk coins like these meme coins and invest into them hoping that they will make x100 in a short period of time. We as intelligent investors know that the higher the risk, the higher the reward.

Overall, meme coins are the ones that I will not recommend to invest for newbie investors and even for most of the investors out there that can't take to lose a huge amount of money because for me, investing into meme coins is like gambling. It's either you will make huge amount of money or you will lose a huge amount as well.

[Tribalchief]

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Those that still farm memecoin heavily till this day are probably those that have benefited from it before. I think it has now occurred to us that meme is a joke, but it still surprises me when I see people having too many expectations. Just imagine someone hoping that a meme gets a listing price of $1-3 dollar. That's crazy imo.

As the crypto market keeps growing, more people keep looking for ways to exploit others, and memecoin has been one of the best way to do that. We've even seen well reputable and influential people doing the same in recent times all because there are too many people that are refusing to learn, and differentiate between what's good and bad for them.

[Mr. Magkaisa]

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Those that still farm memecoin heavily till this day are probably those that have benefited from it before. I think it has now occurred to us that meme is a joke, but it still surprises me when I see people having too many expectations. Just imagine someone hoping that a meme gets a listing price of $1-3 dollar. That's crazy imo.

As the crypto market keeps growing, more people keep looking for ways to exploit others, and memecoin has been one of the best way to do that. We've even seen well reputable and influential people doing the same in recent times all because there are too many people that are refusing to learn, and differentiate between what's good and bad for them.

        -      I think it's rare to see meme coins that are above $1 except for the Trump coin, which is the only meme coin that reached $75 each in the market but it only pulled back in a short period of time after it was listed on the top exchanges in the crypto market.

Even now, the number of meme coins is increasing because many developers are taking advantage and many crypto communities are hoping to get rich from meme coins because of the small capital, which is also a wrong mindset, so I hope the majority investors in the crypto space are also careful.

[hugeblack]

The reaction is usually because the price reflects the direction of expectations. Investors expect to make profits, and then the price begins to decline. However, from the first hours of listing and after making gains, red candles are dominant.

[KryptoBull]

The reaction is usually because the price reflects the direction of expectations. Investors expect to make profits, and then the price begins to decline. However, from the first hours of listing and after making gains, red candles are dominant.

Memecoins are really just a gamble, and I don't see them as serious investment assets. Aside from DOGE and SHIB, I think other memecoins are created with only a short-term view or just to bring some fun to investors.

Investors should really focus their capital on BTC and many of the big coins like ETH, XRP, BNB, SOL, ADA... The memecoin trend is over, and we should just let those millions of memecoins fade into oblivion!

[Trongduy]

Memecoins are made not to be taken seriously and so I don't understand why some people will be so dramatic when a certain memecoin will drop in price. No one is hiding the truth on memecoins...in the cryptocurrency industry this one is one of the riskiest of them all as anytime they can fly high or be dead six feet below the ground.

Of course, people can be serious when they invested a lot of money in memecoins and the value of their investment is plummeting like an airplane losing fuel 20K feet in the sky.

Memecoins are appealing to human nature which is greed by painting a rosy garden ready for us to feast on...only to end up with a war ravaged town with dead people lying around.

In other words, don't rely on memecoins as this is liken to a gamble...you should be lucky if you pick the right one and damned if you got into something that is going to hell.

Memes were born to entertain, and so were memecoins. Entertainment is different from investment, and investors need to be aware of this so they don't spend too much money on memecoins and miss out on opportunities with many other tokens.

Luckily, the memecoin craze has passed, and we still have the chance to witness altseason and take profits during the market's most exciting period. At that time, we'll likely see DOGE and SHIB skyrocket again to grab all the headlines.