Topic: Are memecoins really important for the crypto market? (Read 1273 times)
No they are actually detrimental for the market. It breeds scams and promotes useless projects. Eventually these hype machines will all be in the graveyard likely with the people who invested in them. It's holding back and delaying good projects and will.lead to a lot of people that turn away from crypto because they got burned.
Memecoins are very risky, many of them on the market are fraudulent projects, there are some memecoins that are profitable but it is difficult to get good ones. Other memecoins are just copies of Dogecoin or based on Dogecoin.so be careful before investing in memecoin.
- Do you support the existence of memecoin in the crypto market?
although the risk of investing in meme coins is quite high but it is an important part of crypto currency because meme coins are driven by the community even so I think meme coin adds importance preventing the crypto world from becoming more boring which is literally like a joke made into a crypto coin even though meme coins are not so develop.
I think, humor also plays a crucial role in mitigating psychological stress in the crypto market's inherent volatility. When prices experience sharp swings, investors often express their emotions through memes, poking fun at themselves and others. This self-deprecating humor helps lighten the mood and diffuse tension. Memes, in turn, give birth to new memes, and from these, new memecoins emerge.
Suppose you put your money in a coin with the logo of a frog, a dog, or any of the funny drawings, and you find thousands of investors who cherish the currency's logo in humorous memes and funny clips. In that case, this humor can alleviate the major psychological factor that controls any investor in the financial markets. Therefore, I agree with what you mentioned. Also, greed makes investors not care about the risks these meme coins may pose during their sharp fluctuations. Frankly, although they are currencies created for fun and humor as one of the factors for their spread, if any holder of these meme coins is exposed to the loss of his capital, he will feel a bad sensation, and his fun will turn into misery.- Do you support the existence of memecoin in the crypto market?
I want to hear your opinion about memecoin in the crypto market:
- Do you support the existence of memecoin in the crypto market?
- Have you ever invested in memecoin? Which memecoin is that?
- Has your investment in memecoin brought you joy, profit or loss?
1. Yes, I really support the existence of memecoins in the crypto market because they are able to compete with well-known altcoins. and many memecoins still survive today.
2. yes, I invested in memecoin, I still hold Dogecoin and Shiba.
3. It's really impressive when memecoin can increase beyond reason. and has given me huge benefits.[/list]
I don't like memecoin at all. Cause memecoins are become the primary source of scam and Scammers are using memecoin to trap people and take their money. Although others shitcoin also do same. But without meme, maybe cryoto industry looks fine. Yeah i bought many Memecoins and that's why i experience that for bad those are. Only doge grows continuesly and rest if coins turn into shit. There are many Memecoins, dead in my wallet. although its true that this year many memecoin become hit and made people millionaire
There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.
Not really, they're called meme coins for a reason. They don't have a utility outside being just a token and their value is only decided by the people that believe that they've got a value, it just so happens that a lot of them see it as a way to troll other investors so they flock on that one specific coin and so they end up artificially making the price grow, it's probably the reason why DOGE coin is so valuable, because people are so fond of trolling and at the same time believing that it's going to go up in price that it did eventually and it's constantly growing even more so. Memecoins are just like any altcoins out there, it's risky and even though the potential to hit it big is so high, you can never be too careful because there's thousands of them that aren't going anywhere and those that make someone a millionaire is probably only one of those coins so when you're risking it, do be careful when you do it.
It is true that most memecoins are created for fun, but gradually, some have become really successful, have large communities, and are accepted by some payment services, such as DOGE. Some others have their own direction, such as SHIB with DeFi and Ethereum Layer-2 solution... But they are still mentioned with fun, excitement, and novelty in the market, especially because they have low prices and investors can easily own thousands or millions of tokens. I think these are their greatest values: helping to promote crypto and attract more potential investors.I also agree that memecoins are a high-risk investment because most of them have disappeared and caused investors to lose money. I advise everyone to only participate in memecoins for fun, with fun money, and be ready to have fun when they make a profit or lose money.
One other thing about meme coins is that, since an investor can easily buy millions of memecoin, they can be easily manipulated. Just like what Elon musk did to dodge coins same can be done to all meme coins. Investors could even come together and decide to just buy lot of meme coin to manipulate price to enhance profit for them self, and after they start selling, the price will begin to dump rapidly. This is why meme coins are unlike other coins, and their infinite value is what make it less of a coin for long term investment, as they will not appreciate in price for too long.
Not really, they're called meme coins for a reason. They don't have a utility outside being just a token and their value is only decided by the people that believe that they've got a value, it just so happens that a lot of them see it as a way to troll other investors so they flock on that one specific coin and so they end up artificially making the price grow, it's probably the reason why DOGE coin is so valuable, because people are so fond of trolling and at the same time believing that it's going to go up in price that it did eventually and it's constantly growing even more so. Memecoins are just like any altcoins out there, it's risky and even though the potential to hit it big is so high, you can never be too careful because there's thousands of them that aren't going anywhere and those that make someone a millionaire is probably only one of those coins so when you're risking it, do be careful when you do it.
Irrespective of the fact that we have more of shitcoins coming from memecoins, all coins category of coins have their lesson to teach. To my best of knowledge, for meme coins it teaches a discipline to make concrete research and get to the market early. It also teaches one to focus on the market due to its high volatility. Many investors venture into meme coins because of its high volatility but in as much as that could make you rich in a split seconds( sarcasm) it can also cause you losses in that same rapid dump.
I personally believe that with meme coin the only thing you should research is the smart contract code whether it have malicious or a back door where the dev can rugpull you and thats it, most of meme coin that become big usually just suddenly sky rocketing in term of price disregarding any economic principle they just suddenly got support of many people and suddenly become big and thats it as much as ridiculous it is but usually with meme coin you don't do research, you just find the hottest meme coin in the market that are still low in market cap and then you just try to gamble your money investing in that shit coin hoping that it'd become big.but we all know the chance of that from happening is kinda low so you should ready big shelves of dollars just in case if you're so eager to invest.
other than that, buying when the market cap already reaching about $100 million market cap usually the coin might go up until it got listed in best reputable exchange then it slowly going down, then again the odd of winning with shit coin investment is ultra slim.
Many individuals are having high hopes for memecoins as the stories of some random individual making life changing gains are every where, some memecoin has made many people millionaires but it has also made many Investors to lose money but this isn't the fault of memecoin are memecoin are a joke but weren't taking them to be a joke but using them as real investments therefore many individuals are putting too much money that they can't afford to lose into Memecoins.
Alot of scammers are also taking advantage of the hype on memecoin to launch memecoins projects that they'll only get pumped and dumped on new investors. Memecoin are being in a part of the market and they'll be around for sometime therefore we should accept them but know how to avoid them and not get tempted to invest into every memecoin that we see as many of them aren't worth it.
Memecoins are not to blame, the fault lies with the scammers who created them. What's even more scary is that they are everywhere and the cost to create 1 trillion tokens for a new memecoin project is only about a few USD. I don't think we should blame the victims, who invested in memecoins and lost money because of them, but I think investors themselves also need to be more cautious and control their risks better. All-in on a memecoin is not a professional investor's decision.Alot of scammers are also taking advantage of the hype on memecoin to launch memecoins projects that they'll only get pumped and dumped on new investors. Memecoin are being in a part of the market and they'll be around for sometime therefore we should accept them but know how to avoid them and not get tempted to invest into every memecoin that we see as many of them aren't worth it.
Memecoins are doing their job well, and like all good things, they will be abused by bad actors. We can either ignore them, or participate with high vigilance and the capital that we are willing to lose!
Despite their are so many memecoin in the market that are scam I won't say they are useless because their are some memecoin that can give profit but one needs to be careful when it has anything to do with memecoin coin. Memecoin are very risky and I think it shouldn't be what people needs to take very serious to invest. I mean memecoin shouldn't not be people need to invest all they have, but with the amount they can afford to lose.
Actually that's true because meme coins were created just for fun, meaning investing in meme coins is just for fun. but what happens is the opposite because many people actually have too big hopes for meme coins, and their hope is that they want to make big profits in a short time. This hope also makes them forget about the high risks in this investment.
Actually that's true because meme coins were created just for fun, meaning investing in meme coins is just for fun. but what happens is the opposite because many people actually have too big hopes for meme coins, and their hope is that they want to make big profits in a short time. This hope also makes them forget about the high risks in this investment.
Many individuals are having high hopes for memecoins as the stories of some random individual making life changing gains are every where, some memecoin has made many people millionaires but it has also made many Investors to lose money but this isn't the fault of memecoin are memecoin are a joke but weren't taking them to be a joke but using them as real investments therefore many individuals are putting too much money that they can't afford to lose into Memecoins.
Alot of scammers are also taking advantage of the hype on memecoin to launch memecoins projects that they'll only get pumped and dumped on new investors. Memecoin are being in a part of the market and they'll be around for sometime therefore we should accept them but know how to avoid them and not get tempted to invest into every memecoin that we see as many of them aren't worth it.
memecoins are for fun. it's supposed to make regular people come into crypto by having meme fun. of course they are scams but it helps spread the word. but its how important its role is in crypto market.
some lose their money and some win big which is kind of cruel when the bear market makes them cry.
anyway, this is how it would look like when you lose all your money on memecoins and have to get a job:
https://twitter.com/LilMoonLambo/status/1770559165548650530
All tokens, including BTC, create winners and losers, or profits and losses. We should not blame memecoins just because they cause losses for someone in this market.some lose their money and some win big which is kind of cruel when the bear market makes them cry.
anyway, this is how it would look like when you lose all your money on memecoins and have to get a job:
https://twitter.com/LilMoonLambo/status/1770559165548650530
We invest in memecoins with the purpose of making a profit, but it would be naive to believe that we will never face losses. Memecoins are created for fun, not with the mission of making all investors rich. When we understand this, I believe that investors will manage their capital more effectively, not all-in on memecoins, or at least will be able to accept losses from memecoins.
For me, memecoins have done a great job of creating excitement in the market and attracting new investors to crypto.
And this same reasons you pointed out i exactly why a lit of them end up as failures, they are just fun fare tokens created to do what full the space, don't get me wrong I'm not against them but I hate when things get abused which in the crypto space we see a lot of those, scammers easily use memeckims to steal funds cause they dint need any complex whitepaper and their audience are those looking for huge gains which are those that
invest in meme coins .
The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins.
invest in meme coins .
The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins.
Absolutely correct mate, the reasons we have more of scammers in memecoin is because we have more of Investors looking for a way to make huge profits within a short period of time. Most of these investors lack patience and have greed that why they end up in shitcoins. And newbies also make the mistake of entering into a project because of hypes from social Media and crypto influencers without them looking deep into the coin. There is no doubt that Bitcoin is the best coin in the network, it's reputable, and trustworthy. If you have patience enough, you'll benefit from Bitcoin investment.
memecoins are for fun. it's supposed to make regular people come into crypto by having meme fun. of course they are scams but it helps spread the word. but its how important its role is in crypto market.
some lose their money and some win big which is kind of cruel when the bear market makes them cry.
anyway, this is how it would look like when you lose all your money on memecoins and have to get a job:
https://twitter.com/LilMoonLambo/status/1770559165548650530
And this same reasons you pointed out i exactly why a lit of them end up as failures, they are just fun fare tokens created to do what full the space, don't get me wrong I'm not against them but I hate when things get abused which in the crypto space we see a lot of those, scammers easily use memeckims to steal funds cause they dint need any complex whitepaper and their audience are those looking for huge gains which are those that
invest in meme coins .
The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins.
invest in meme coins .
The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins.
Absolutely correct mate, the reasons we have more of scammers in memecoin is because we have more of Investors looking for a way to make huge profits within a short period of time. Most of these investors lack patience and have greed that why they end up in shitcoins. And newbies also make the mistake of entering into a project because of hypes from social Media and crypto influencers without them looking deep into the coin. There is no doubt that Bitcoin is the best coin in the network, it's reputable, and trustworthy. If you have patience enough, you'll benefit from Bitcoin investment.
Despite their are so many memecoin in the market that are scam I won't say they are useless because their are some memecoin that can give profit but one needs to be careful when it has anything to do with memecoin coin. Memecoin are very risky and I think it shouldn't be what people needs to take very serious to invest. I mean memecoin shouldn't not be people need to invest all they have, but with the amount they can afford to lose.
Actually that's true because meme coins were created just for fun, meaning investing in meme coins is just for fun. but what happens is the opposite because many people actually have too big hopes for meme coins, and their hope is that they want to make big profits in a short time. This hope also makes them forget about the high risks in this investment. 
Irrespective of the fact that we have more of shitcoins coming from memecoins, all coins category of coins have their lesson to teach. To my best of knowledge, for meme coins it teaches a discipline to make concrete research and get to the market early. It also teaches one to focus on the market due to its high volatility. Many investors venture into meme coins because of its high volatility but in as much as that could make you rich in a split seconds( sarcasm) it can also cause you losses in that same rapid dump.
Experience and lessons are always available everywhere for those who really want to improve their individual understanding of the crypto market. Memecoins are a bit more special because they are cheap, investors can easily own millions of tokens, their purpose is just for fun and hype, so most of them don't need to have a good story, a good solution or good tokenomics, and in fact investors don't care much when buying memecoins. This has made memecoins popular and famous, creating a lot of profits and losses. But the losers had to pay for an unhappy lesson.Memecoins are gradually becoming a concern of many ecosystems, they will soon be carefully evaluated to help the investment community avoid worthless rug-pull or scam projects. I hope that in the future memecoins will not be associated with the negative things in this market.
And this same reasons you pointed out i exactly why a lit of them end up as failures, they are just fun fare tokens created to do what full the space, don't get me wrong I'm not against them but I hate when things get abused which in the crypto space we see a lot of those, scammers easily use memeckims to steal funds cause they dint need any complex whitepaper and their audience are those looking for huge gains which are those that mostly invest in meme coins .
The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins.
Irrespective of the fact that we have more of shitcoins coming from memecoins, all coins category of coins have their lesson to teach. To my best of knowledge, for meme coins it teaches a discipline to make concrete research and get to the market early. It also teaches one to focus on the market due to its high volatility. Many investors venture into meme coins because of its high volatility but in as much as that could make you rich in a split seconds( sarcasm) it can also cause you losses in that same rapid dump.
Experience and lessons are always available everywhere for those who really want to improve their individual understanding of the crypto market. Memecoins are a bit more special because they are cheap, investors can easily own millions of tokens, their purpose is just for fun and hype, so most of them don't need to have a good story, a good solution or good tokenomics, and in fact investors don't care much when buying memecoins. This has made memecoins popular and famous, creating a lot of profits and losses. But the losers had to pay for an unhappy lesson.Memecoins are gradually becoming a concern of many ecosystems, they will soon be carefully evaluated to help the investment community avoid worthless rug-pull or scam projects. I hope that in the future memecoins will not be associated with the negative things in this market.
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