Are memecoins really important for the crypto market?

betswift

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Quote from: Tigerheart3026 on September 01, 2024, 12:27:35 PM

Quote from: Godday on September 01, 2024, 10:39:52 AM

Quote from: Crypt0Gore on August 30, 2024, 12:42:54 PM

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

meme coin's can not be legit it's old or new this is doesn't matter, now you can say that how people's got profit's 100x or high, exception can not be example, like shiba and doge was exceptional and those given another level of profits but thousands of meme coins in market and mostly looks high risky and those will be dead in the long run.

The same can be said about new projects with utility, especially the part about waiting years for them to shine through Grin

Memes just spark and die out faster, usually.

legiteum

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Memecoins are going to get bigger and bigger, and they will eventually become the majority of the overall market cap for crypto.

Depending on what you consider a "memecoin" (I mean, for most consumers, Bitcoin itself is really just another meme and nothing else), memecoins are already perhaps 25% of the market.

But what is really going to blow up the market for memecoins is Haypenny and things like it: a solid, easy-to-use platform for consumers that is safe and makes leaves a memecoin founder free to concentrate entirely on their meme and not mess around with the technical platform, systems, whitepaper, etc. etc. All a memecoin founder should need to do is promote their meme.

And I envision that we're going to have an explosion of memes, and they will get more popular, and the market will get much more vibrant and mainstream than it is today.

Today, the market is held back by technical failure and fraud. But we're fixing that

. Once the average consumer can go to a marketplace and safely and quickly bet on a meme without fear of anything besides the meme becoming less popular, the market will get 10x bigger than it is today: $10 trillion.

Tigerheart3026

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Quote from: Godday on September 01, 2024, 10:39:52 AM

Quote from: Crypt0Gore on August 30, 2024, 12:42:54 PM

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

meme coin's can not be legit it's old or new this is doesn't matter, now you can say that how people's got profit's 100x or high, exception can not be example, like shiba and doge was exceptional and those given another level of profits but thousands of meme coins in market and mostly looks high risky and those will be dead in the long run.

Godday

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Quote from: Crypt0Gore on August 30, 2024, 12:42:54 PM

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

Crypt0Gore

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Quote from: kbhutto on August 30, 2024, 09:59:55 AM

Whether it is important or not, memecoins have dominated the crypto market during the beginning of the year until today, meme coins continue to appear every day with a 3x increase from when they were first marketed. Many people think that the emergence of altcoins in the crypto market has changed investment patterns from altcoins to meme tokens, who knows what is happening in the crypto market, maybe there is a big plan for meme coins to dominate the current market.

It's crazy, we all keep talking about how meme coins are doing well but not how many meme coins have rugpulled since the beginning of this year alone, the messed up case is none of these meme coins have solid team, they just come and shill their nonsense and people who want to get rich quick rushed in, meme coin is a game that needs to be played well or you will be sorry at the end of the day.

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

It is a matter of choice like some said, and that's why some developers are taking advantage of many people, since they can turn to millionaire in week of investing in meme coins only.

kbhutto

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Whether it is important or not, memecoins have dominated the crypto market during the beginning of the year until today, meme coins continue to appear every day with a 3x increase from when they were first marketed. Many people think that the emergence of altcoins in the crypto market has changed investment patterns from altcoins to meme tokens, who knows what is happening in the crypto market, maybe there is a big plan for meme coins to dominate the current market.

kotajikikox

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Quote from: danherbias07 on June 04, 2024, 07:37:44 AM

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today.

Welcome to this new generation!

You’d notice that a lot of useless things can gain money nowadays as long as it gets people talking and interested. Just look at NFTs for example, many bought it not for its utility but just because they wanted to own some artworks even if it isn’t physically. I never really understood the point of nfts but if people like it and it gives them profit then who am I to judge?

redsun114

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Quote from: FanEagle on June 05, 2024, 01:08:24 PM

I mean aside from bitcoin and maybe ethereum, I do not think that anything is important for the crypto world, doesn't feel like it would be a must. Memecoins are of course not important at all, all the things they claim to do for the market was done before the meme ones to other stuff, they are not brining extra new money, and even if they do, then it is a small amount that is insignificant that would not be missed.

All in all, I believe that we should not be really considering them as important at all, we should consider them as something that is useless and just happens to be a bug in the system. They do hurt a lot of peoples economy as well, their price gets inflation by few tokens at start, and then crash when all the tokens are released, making people lose money hand over fist.

Memecoins are exactly how you mean, but it is not true for just any coin. All those others, bnb, sol, matic, ada, and many others like that are still quite important for the crypto world and they are not that small. I am not saying that they are the only ones that matter, but I think it is quite important to realize that we are going to end up with something that will take a while, and we should be careful about it.

I personally believe that the best thing to do right now would be just focusing on how to grow, and that means we are not going to get anything that will change stuff too much, and in that situation I feel like we are going to actually make a good income from it if we know what we are doing, will definitely help you in the end.

Godday

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Quote from: Taskford on June 16, 2024, 08:12:38 AM

The advantage of memecoins existance in the market is
It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Some of my friends got to know crypto because of the hype of meme coins. Meme coins usually have a strong community and therefore they also diligently promote them on social media. Compared to cryptos like Bitcoin or BNB which have many technical aspects, meme coins only offer to buy and wait for the price to rise and make a profit. Because of that, people became interested and after that they became aware of other cryptocurrencies that had more real use cases than meme coins.

avarnet

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I think meme coins are not very important for the crypto market, many other altcoins in the market have given many real advantages such as ETH which is the strongest, meme coins are just a game and a joke made in the crypto space. With so many meme coins appearing in the crypto market, almost polluting every market without any certainty, many people are tired of the current existence of meme coins.

Taskford

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Quote from: Kocret02 on June 16, 2024, 07:51:17 AM

Quote from: Vincom on January 28, 2024, 04:10:50 PM

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?

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

The advantage of memecoins existance in the market is

It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Disadvantage is we all know that most of them are scam so it will be unfortunate for new people in the market will encounter such unfortunate situation since we might see them lost a lot of money for believing that memecoins could bring a lot of money to them, but its bad that the scamming is the one they experience from those memecoins.

People need to know that memecoins is so risky so invest only what they can afford to lose.

Kocret02

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Quote from: Vincom on January 28, 2024, 04:10:50 PM

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?

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

sotelorene

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Memecoin is very important for traders reason because some memecoin can turn one into a millionaire in a twinkle of an eye and I believe this is the first reason why it's important in crypto market, people who do not investment and wait for a short or longer period of time only trade this memecoin, though they are risky and the chance of identifying the one that will do well is very low and again most of the people we hear they hit money in crypto are people who trade memecoin cause investing in Bitcoin, one will have to wait for some time and Bitcoin investment requires patient and some other things.

bastian466

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Meme coins are part of a type of crypto whose trend always attracts public attention with the incident of Elon adopting the DOGE coin. From this incident, the coin meme trend became a lot of new coin memes emerging to this day. Coin memes are always the subject of controversial discussions, but make no mistake, coin memes have a large community that enlivens the crypto market

FanEagle

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I mean aside from bitcoin and maybe ethereum, I do not think that anything is important for the crypto world, doesn't feel like it would be a must. Memecoins are of course not important at all, all the things they claim to do for the market was done before the meme ones to other stuff, they are not brining extra new money, and even if they do, then it is a small amount that is insignificant that would not be missed.

All in all, I believe that we should not be really considering them as important at all, we should consider them as something that is useless and just happens to be a bug in the system. They do hurt a lot of peoples economy as well, their price gets inflation by few tokens at start, and then crash when all the tokens are released, making people lose money hand over fist.

leonair

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Quote from: Asyifiah on June 05, 2024, 10:12:34 AM

Everyone has freedom in the crypto space, including coinmeme which is currently a trending topic on the bitcointalk forum. Yes, maybe many people don't need meme tokens, but the presence of memecoins in the crypto space has created a new atmosphere, many people know that a joke token can give big profits and many are also trapped in losses, so there are many variations that we can take with the emergence of this coinmeme.

Investing in memecoins is very risky. Chances of profit after investing in memecoins are very low but suddenly after pumping some time it goes to dumping and as a result the investors suffer a lot. We must be careful before investing in memecoins. Try to stay away so that money is not at risk after investing. If we want, we can find some good coins from altcoin and invest. Investing in altcoins does not have much chance of losing money.

Asyifiah

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Everyone has freedom in the crypto space, including coinmeme which is currently a trending topic on the bitcointalk forum. Yes, maybe many people don't need meme tokens, but the presence of memecoins in the crypto space has created a new atmosphere, many people know that a joke token can give big profits and many are also trapped in losses, so there are many variations that we can take with the emergence of this coinmeme.

Yamifoud

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Despite the hype and the popularity that these meme coins brought to the crypto space, still doesn't change the fact that these coins are not built for long-term investment but just for short-term deals. Or potentially reliable.

I won't say they are totally not important because for some reason this also gives a chance for investors to earn money while participating in the hype. But because the majority of meme coins are scams (and turn scams) this won't convince us that it was made with good intentions and that people will still be okay without them than losing their money.

CK485

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Quote from: d3nz on June 04, 2024, 09:23:26 AM

In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype. Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.

It is difficult to gain profit value with a thorough understanding of meme coins that do not offer some use with unclear benefits that turn out to be not good to keep for the long term, with little profit value obtained just as aimless hype it is difficult to get the expected profit.

betswift

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Quote from: d3nz on June 04, 2024, 09:23:26 AM

Quote from: danherbias07 on June 04, 2024, 07:37:44 AM

Quote from: Nazmul012 on May 26, 2024, 06:34:37 PM

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.

Good for you.

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today. I mean, it is made without a purpose and just lives with the hype and how investors will react to the demand to boost it more.
It's nice that it's sold cheaply but still, the possibility of becoming dust is there. So, would we really risk our little money for that? Be could buy some satoshis and keep it, try to accumulate more with our little earned money but trusting a meme coin will probably not be wise for long-term holding. I did buy a meme coin before but it didn't take long until I sold it back with little profits. I think it's best to keep it that way, to earn money in trading in a rush while we are monitoring the market.

In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype. Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.

Memecoins are good and bad at the same time. It brings new users and liquidity, but it has mostly zero value for the ecosystem. Some people earn money, some people lose their money and leave the system.

Topic: Are memecoins really important for the crypto market? (Read 1737 times)