Are memecoins really important for the crypto market? - page 5.

MFahad

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Quote from: Romeotom on February 10, 2024, 01:31:20 PM

Essentially speaking everything is worth it for this crypto market because here the investors invest and get profit which can be from any position. You can never avoid a good memecoin because there are profits too. If you are an investor then you should invest and reap the profits in any way you can. Many people have become rich from these memecoins that you should know.

How exactly do you expect someone to know which meme coin is good and which is bad? Meme coins are all the same when they are created, they don't have projects, they don't serve any purpose, they don't provide any utility to their investors, and they don't have an organic growth mechanism which every cryptocurrency has which is why they are always dependent on community hype to gain value.
Those who have managed to become rich from their investments in meme coins, however, this doesn't have to happen to everyone because it's just like gambling where you make a bet and pray that you win it so that you get some money on top of your bet if you lose it, your money is gone.

Dailyscript

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

Do you support the existence of memecoin in the crypto market?

Why not, i played around with the 100x coin a meme coin owned by Ken D crypto a crypto influence. That was when i fell in love with the idea of owning a meme coin as a crypto enthusiast.

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

Have you ever invested in memecoin? Which memecoin is that?

I did invested in Doge, Shiba Inu and the 100xcoin indeed it did 50x for me because i did not hold it more longer

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

Has your investment in memecoin brought you joy, profit or loss?

My experience in the meme coin i had invested in then was nice. I made profit and no loss. Currently i am not holding any meme coin in my portfolio so i do not know how it feels to make loss.

Vincom

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Quote from: Sophokles on February 10, 2024, 02:10:34 PM

Meme coins are important for whales and scammers because they help both of them wash their wealth. I have heard that black money has been injected into crypto by using meme coins; later, those funds have been reallocated to different projects, and you will never know the origin of the money. A lot of meme projects have been created for these purposes, and scammers are just using the hype to scam some greedy and new retail investors by launching new meme projects into the market.

I do not deny that it is possible that many memecoins in the market are controlled by whales and scammers. However, even other tokens are similarly manipulated and financial markets operate in such a way that the majority suffer losses, in order to generate large profits for the minority. Memecoins are no exception to this necessity.

I have pointed out the positive impacts of memecoins such as media value, increased transaction volume and native coin burn, building a strong crypto community. I think we should have a complete view of memecoins: neither too positive nor too negative Grin

JeffBrad12

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Quote from: Mehedi72 on February 12, 2024, 11:07:28 PM

1. I don't have any problem about the existence memecoin in of crypto market. Cause Memecoin won't force anyone to invest. I read your references which are given in last part of thread. I feel that, its okey to have some opportunity for people who wanna take risk and become millionaire lol
2. Yeah. But not new shitcoin with lower marketcap. I would give preference to doge, shiba, bonk, pepe in this care.
3. Years ago, i have some dogecoin and made little profit. Memecoins actually makes you in tension due to its volatility

its available for people to speculate about and it serves its purposes i guess, sometime the trend just come out of a sudden, making some random meme coin become popular enough and then it dipped for some moment.
i remember the time where doge coin as a meme coin that wasn't really considered to be a thing back in the early days having spotlight after elon mentioning it from several occasion and then people went crazy over it and then it reached billions of market capitalization.
thats the thing with doge coin in general, you just can randomly stumble upon some good opportunities and make grands out of nothing it is good for speculation but definitely not good for people with conscious risk management.

wxa7115

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Quote from: Sophokles on February 10, 2024, 02:10:34 PM

Meme coins are important for whales and scammers because they help both of them wash their wealth. I have heard that black money has been injected into crypto by using meme coins; later, those funds have been reallocated to different projects, and you will never know the origin of the money. A lot of meme projects have been created for these purposes, and scammers are just using the hype to scam some greedy and new retail investors by launching new meme projects into the market.

It would not surprise me at all if that was the case as well, after all even if the demand for meme coins are high among all the people that want to become rich with them, I would think there is a limited amount of times those people could get deceived by those projects and their funds must be limited as well.

But if those coins were used in this way this could explain why those coins have a high demand even when the bear market appears, but if that is the case then there is not much that can be done to stop those coins from proliferating and becoming even more numerous on the future.

Mehedi72

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1. I don't have any problem about the existence memecoin in of crypto market. Cause Memecoin won't force anyone to invest. I read your references which are given in last part of thread. I feel that, its okey to have some opportunity for people who wanna take risk and become millionaire lol
2. Yeah. But not new shitcoin with lower marketcap. I would give preference to doge, shiba, bonk, pepe in this care.
3. Years ago, i have some dogecoin and made little profit. Memecoins actually makes you in tension due to its volatility

fullhdpixel

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Quote from: john1010 on February 02, 2024, 06:33:02 AM

GigaChadGPT is an example of how meme coins can be used for innovative and creative purposes, beyond just fun and speculation. GigaChadGPT aims to democratize access to AI and provide a platform for users to interact with various GPTs (Generative Pre-trained Transformers) that are customized for different tasks and domains. GigaChadGPT also rewards its users with GigaCoins for using the chatbot and creating new GPTs.

Interesting! This is the first time I've seen a meme coin having some good project to back it up, if people find this interesting, the token will surely get some hype and have great growth soon.

However, there are a few things that I've noticed. The first thing was that the responses in the chat casually contain promotional lines for Giga which is understandable but it would be better if it weren't included in most of the responses. Another thing is that it doesn't have a web interface for the chat and one requires to chat with it on Telegram after a few messages. I believe it would have been better if it had a web interface for the AI for easier access for the users. Still, it's pretty good and these things can always be added and improved in the future.

IvugeoEvolutionCoin

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Quote from: snowpega on January 31, 2024, 06:21:50 AM

I do not think memecoin has strong use case in the crypto space because crypto space can exist or survive without memcoins. On the other hand, when someone is thinking of getting max profit from Memcoins so in my opinion it is nearly impossible or very rare chance that memecoin can return max profit to investors so they can be rich overnight haha! I personally do not invest in memcoin due to high risk becasue memecoins works on high pumping and dumping schemes that is why I avoid investing in memecoins

If anyone is thinking of investing in Memcoins for high profit I would like to tell them that you can look for some good altcoins without investing in Memcoins and you will have a chance to get some good profit. Investing in Memcoins can't expect good profits so Memcoins now I think it's better not to invest. If someone wants to invest in Memcoins and wait for a long time, I don't know if there will be any benefit.

Sophokles

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Meme coins are important for whales and scammers because they help both of them wash their wealth. I have heard that black money has been injected into crypto by using meme coins; later, those funds have been reallocated to different projects, and you will never know the origin of the money. A lot of meme projects have been created for these purposes, and scammers are just using the hype to scam some greedy and new retail investors by launching new meme projects into the market.

Romeotom

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Essentially speaking everything is worth it for this crypto market because here the investors invest and get profit which can be from any position. You can never avoid a good memecoin because there are profits too. If you are an investor then you should invest and reap the profits in any way you can. Many people have become rich from these memecoins that you should know.

EarnOnVictor

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

Do you support the existence of memecoin in the crypto market?

Of course, I do. They've made the cryptocurrency market more exciting, though without them, the cryptocurrency market would still be as it is no, no difference envisaged in my opinion. But nevertheless, they are welcome developments.

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Have you ever invested in memecoin? Which memecoin is that?

Yes, I've invested in a few of them like, MEME, SHIB, DOGE, PEPE, FLOKI and more.

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Has your investment in memecoin brought you joy, profit or loss?[/li][/list]

Well, in some, yes, but in SHIB, no. I've invested and gained in virtually all of the meme coins I invested in, to the point that my last investment in $MEME earned me more than double of my investment.

But with what I've lost in SHIB, it will take time before I recover it. I invested in SHIB in 2021 at that time when it was just getting ready to fall long-term. I suffered a huge loss which will take at least a year of good bullishness to recover and SHIB would have moved at least x4 of the present price before that will be possible.

Magic-Money

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The Meme coin has made some people a millionaire today, Shiba Inu give me good profit return investment in a very short period of time, in which I bought Shiba Inu Coin worth of $50 after a some time I checked my wallet has increased to $3020 which I sold out and I was very happy for that. To invest in meme Coin is not a bad idea, but one have to know is a game of investment in which it can dipped at anytime and it can also pump at any time as time goes on.

cute nmp

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Don't think meme coins have any much importance in the crypto space ,Most meme project are just out there for pump and dumb .They are mostly for profit making many have become millionaires investing in them. Personally have made alot by holding some doge coins a few years back but apart from that meme coins don't have much impact in the crypto market.

vitya1982

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Quote from: Marvelman on February 09, 2024, 07:49:15 PM

I don't have anything against meme coins, as long as they aren't scams. But let's be real - thats a big if! So many ride the hype train of humor and celeb shout-outs without actually offering real-world use or planning for the future. Sure, some lucky ducks have scored big wins. but for most folks, the 15 minutes of fame fizzle and they're left clinging to worthless bags of digital dust.

Personally I find the "lambo overnight" fantasies around meme coins kind of uncomfy. Investing should be thoughtful, not fingers crossed that a viral tweet might jack up your portfolio. But hey, to each their own. Some folks have fun playing the hype cycles. For me, I prefer coins with fundamentals over fleeting fame. But who knows maybe I'm missing out on those sweet lottery gains.

"Lambo overnight" is just a fantasy, nothing more. I mean, it's possible, but it's a 1 chance in 10,000,000. If people want to buy stupid funny stuff and lose their money - that's fine, if they understand that. If someone is really thinking about getting money there - he has some problems. I just prefer to avoid this market.

Marvelman

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I don't have anything against meme coins, as long as they aren't scams. But let's be real - thats a big if! So many ride the hype train of humor and celeb shout-outs without actually offering real-world use or planning for the future. Sure, some lucky ducks have scored big wins. but for most folks, the 15 minutes of fame fizzle and they're left clinging to worthless bags of digital dust.

Personally I find the "lambo overnight" fantasies around meme coins kind of uncomfy. Investing should be thoughtful, not fingers crossed that a viral tweet might jack up your portfolio. But hey, to each their own. Some folks have fun playing the hype cycles. For me, I prefer coins with fundamentals over fleeting fame. But who knows maybe I'm missing out on those sweet lottery gains.

tengui

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don't just discuss how many people got rich because of meme coins but also look at how many people suffered losses because of meme coins. This is not a problem for those who invest in meme coins that are already popular like doge and shib because the risk tends to be lower, but this is about people who want to get rich by investing in meme coins that are not yet popular in the hope that they will become like doge and shiba in the future. they only think about the benefits they will receive without thinking about the risks.

Rengga Jati

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

Do you support the existence of memecoin in the crypto market?

Let it be, like what's happening right now. Because there are also many people ho are earning money from meme coins and make meme coins as one of the income to gain. Although it may also let some other people lose their money. but the case will depend on each person, how they are utilizing and optimizing meme coins.

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

Have you ever invested in memecoin? Which memecoin is that?

Once I did it and this was a mistake actually, in previous bullrun because I was interested in Doge and too late to take profits. Finally it ends up by leaving the coins still in my wallet. But for other meme coins, moreover the hype coins, never do it.

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

Has your investment in memecoin brought you joy, profit or loss?

I am not considering it as loss because I am still holding my Doge, so just let it be in my holding time. Grin

irhact

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Quote from: Tomcolor on February 09, 2024, 12:35:36 PM

This memecoin is totally useless and risky because this year I got a lot of memecoins that I got by working on bounty. But all are false tokens and utter death. I want to leave the exchanges that list these bad memecoins. Because many people are losing their money as a result of investing in it. You should invest in good altcoins because we can get bullish market very soon.

Not all memecoins are useless, some memecoins are useful as they helped the cryptocurrency community to grow. Dogecoin has being useful for the growth of the market as it has brought alot of investors in the past and will also be bringing more investors and as the investors enter the market they'll know about other coins that have strong fundamentals and they'll invest into them. Many of the memecoins are going to be useless or aren't going to be of good use to the market but not all.

Memecoins bring hype to the the market and they help to bring new investors too. Memecoins have their own role they're contributing to the market but we have many of them that are scams and this is the reason many individuals don't like memecoins. Memecoins can give investors profits very quickly when we invest in them when they're not popular yet but it's not every memecoins that we're suppose to buy.

GlacierBIT

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Any field of activity where a huge amount of money is involved attracts scammers and speculators, whether we like it or not, we will always encounter projects that will disappoint us. Meme coins from a number of currencies that are simply speculated on, you shouldn’t count on being lucky in this transaction, but if you are lucky it will be a huge success.

Y3shot

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Memecoins are very risky , many of them in the market are scam project, their are some memecoin that are profitable but it is difficult to get the good one that is why it is important to know that meme coin are not coin you need to rush into and it is not huge amount of money needs to be invested. Meme coin are just try your luck which people don't need to expect much from.

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