Topic: Are memecoins really important for the crypto market? - page 4. (Read 1759 times)

I'm not a meme coin hater just hate the fact that they are so many of them and scammers often use them to scam the crypto community and such news affect bitcoin in a way or two. Meme coins might have in a way or two brought some persons into bitcoin since they spread quickly but often also leaves some in losses since they are far more volatile than other alts and have great tendencies to crash quickly.


Seriously bro, the only optimism I see is that of getting quick profits from meme coins, they have no real utility and are just created for the purpose of giving huge returns and making quick profits, it's like a gamble. So yeah lots of young people woudl be highly inspired by it.

The crypto market offers opportunities for all tokens, meaning that DOGE is not the only memecoin with value or worth investing in. The strong growth of SHIB, FLOKI, AKITA in the 2021 uptrend and the recent rise of PEPE, BONK, and WIFI reaffirm the diversity of the memecoins trend and the entire crypto market.

However, I also think that each person has the right to have a special preference for a token, for example, I may be particularly fond of BTC, while you are particularly fond of DOGE, and someone else is particularly fond of SHIB. We have our own opinions and can invest in any token we want!

You don't see the same success? what about people who invested in SHIBA WIF and SAMO, and of course invested before these meme coins were popular. Doge may be a meme coin that is a pioneer for other meme coins, but success does not belong to Doge alone.

I think DOGE is the leader of memecoins, and it has a unique position that deserves to be in the top 10 on Coinmarketcap. Other memecoins are also quite interesting, such as FLOKI or PEPE, but they have not yet reached a large community like Dogecoin.

A big competitor of DOGE is SHIB, it is also very popular and is currently developing for Ethereum Layer-2 solution and DeFi. If SHIB can do this, it will be an impressive development as it was originally just a memecoin created for fun. SHIB is also listed on Upbit, it has been pumped quite well in the past time.

I like the competition: competition is good for the development of both DOGE and SHIB.

Yes, a small number of people buy meme coins with the aim of having fun and making a profit, and the majority of people want to buy meme coins with the aim of making big profits in a short time but they actually get losses. Meme coins are basically created just for fun, so invest a small amount of capital and forget about it.

I believe Dogecoin is the original meme coin, and others are just trying to ride its wave. People who missed out on Dogecoin's rise are now investing in similar coins, but they haven't seen the same success.

I understand this and believe that investors should allocate at least 50% of their capital to BTC because BTC is the safest and most valuable asset in the crypto market. Alternatively, ETH and top cap altcoins would be the next option with slightly higher risk but higher profit potential. Memecoins created for fun purposes should only be invested with fun money, although many people have become rich by believing in memecoins. The opportunity to receive huge profits from memecoins can help investors balance their emotions in the investment journey, like a person suddenly receiving a prize from a lottery ticket.

Yeah, the existence of MEME coins on the market it’s seems a good vibes for the market because so many new investors entering in crypto that's market is going big. If you considering a few MEME coins total marketcap it’s absolutely unbelievable as like DOGE,SHIBA & PEPE those are billions dollar of project. So i don’t think it’s a bad for market, if you don’t want to invest that's fine, no one force to invest here.

Memecoins can attract attention and new participants to the crypto market, contributing to increased liquidity and trading volumes.    some people just buy meme coin for fun then they make a lot of money from it and pump. their friend, their family know about crypto.

Am not against the continues existence of any coin in regards to crypto but am not a good fan of all this coins that are not bitcoin, despite how expensive Bitcoin is I will always advise a newbies to invest in bitcoin instead of going for altcoin because I believe altcoin is mainly for those people that already have a good knowledge of crypto that knows how to identify scam easily not a new person in the system that does not know much about crypto and bitcoin in generation that can be deceived with over speculation and hype, be it memecoin or any other coin, if you are a newbie be careful if you find interest in any of them.

its really good for speculation to be honest the price swing was massive too in the early days, tonight it dumps tomorrow it reaches all time high just overall the scene that I remember when meme coin was still at early stage and there are many emergence of meme coin that follow exactly just that cycle, i've known many of my friends that are avid meme coin investors and they are all always trying to find some new meme coin to repeat that same history again in case they can become millionaire overnight.
frankly speaking though, it might not be a really good investment once it hits certain market cap and might not be ideal for trader when it hits billions of market cap since the price is usually stabilizing.
but overall i see no difference between altcoin and meme coin in term of price fluctuation.
overall its all the same fluctuation suited for speculation even more so for trader that trades short term, always remember though meme coin is high risk trades or investment.

top 20 in 2014:

Bitcoin, Litecoin, XRP, Peercoin, Nxt, Omni, Dogecoin, Namecoin, Quark, Bitshares, Primecoin, Worldcoin, Megacoin, Infinitecoin, Feathercoin, Novacoin, Tickets, Devcoin, Ybcoin, Mooncoin

You can look at the top 100.

https://coinmarketcap.com/historical/20140126/

It doesn't matter what good, serious, and promising projects they all were. After 10 years there are only those that have the support of a community, Bitcoin, XRP, Dogecoin, and Litecoin.

Although they were extremely special cases, I believe these events contributed to memecoins becoming popular in the community. Many people come to crypto because they heard friends and relatives talk about memecoins, many people have also invested in memecoins and other cryptocurrencies.

However, we must not forget that every investment has risks, so do memecoins even though they are created for fun purposes. I hope that investors can manage risks well to continue to survive and earn profits in the crypto market.

That's absolutely correct on the conclusion of your post reference of truck driver become a millionaire over night, for investing Doge Coin and is Meme, like wise Shiba Inu and other meme Coin, actually investing meme Coin is a good one and more profitable and very high risk business to invest on, while holding.

Yo, are memecoins legit crucial for the crypto game?

The crypto scene's heating up again, with Bitcoin flexing at 49k USD and tons of altcoins busting out of the crypto winter. Memecoins ain't sitting on the sidelines either; they're riding that recovery wave hard, popping up left and right like nobody's business. And let me tell ya, the memecoin frenzy ain't slowing down, man. Folks are chasing those life-changing gains, hearing tales of peeps striking it rich with DOGE, SHIB, and PEPE, got me itching to dive deep into the meme world.

So, what's the deal with memecoins? Well, they're like the crypto version of memes, injecting some humor and excitement into the whole crypto scene. But unlike your usual financial stuff like stocks or bonds, memecoins are strictly crypto-exclusive, adding that extra spice to the game.

And let's not forget about the power of humor in handling the crazy rollercoaster ride of crypto volatility. When prices start going bananas, people turn to memes to lighten the mood and ease the tension. It's all about poking fun at ourselves and finding some comic relief in the chaos. And from those memes, new memecoins are born, baby!

But memecoins ain't just about laughs and lottery tickets; they're packing some serious value too:

They grab eyeballs: Memecoins pull in the crowd's attention, bringing more peeps into the crypto world.
Super easy to get in: With low prices, memecoins welcome newcomers with open arms, breaking down barriers to entry.
Price hype: Their wild price swings can send 'em to the moon, fueling that investor optimism and stirring up some serious FOMO.
Burn, baby, burn: High transaction volumes mean burning those fees, shrinking the token supply and keeping those prices up.
Even the Avalanche Foundation's throwing down in the memecoin game, showing they ain't just some trash floating around the market.

Man, I feel ya on missing out on those DOGE gains. Bought in back in 2018, sold too early in 2021, and now kicking yourself for not holding onto that sweet x280 profit. Sometimes, the universe just ain't feeling the DOGE vibe, ya know? 

The era of meme coins is no longer shining, and I agree with you, friend, that instead of continuing to rely on meme coins for investment and getting high profits, it would be wiser to do so on potential altcoins which will clearly provide high profits. If I think that investing in meme coins for a long time will actually mean that the funds we invest will be lost without value because the meme coins may no longer be on the stock exchange.
If you want to speculate only for the short term, I think that's fine, like currently when Bitcoin is increasing, which will also provide encouragement to others.

I can't say meme coins are important in the crypto market.
because I think criptocurency members already know and understand better, which is good and which is not.
I also can't suggest the best memecoin of my choice.

The problem with those people is they are trying to get more larger gains and they expect a x1000 profit for each meme coins they select to invest.

But they fail to realized that its risky for them to hold any of it since as usual this type of tokens will just play them and make them believe that there would be more and suddenly the price dump then they are left behind helpless for another scam made by those crazy devs.

Meme coin is somehow a good option for investment but people need to know that this is only for short term and they should never think about getting to the point that they became so greedy since for sure all will end up not in favor on their side.

I know memecoins are very risky and many people have lost in this project because of planing to make quick money from it and it have also benefited from memecoin. The problem people do have with investing memecoin is just that they go into it without understanding how much they need to invest and without making research on what they doing. They just have so much believe in memecoin that it can always pay them. If people should invest with caution it will really help.

1. I support because meme coins are part of crypto and have their own investor base.
2. I don't know if I should say yes or not because I got it from an airdrop. what I remember most is bonk.
3. yes I got big profit because I got it free from airdrop.