Topic: Are memecoins really important for the crypto market? - page 6. (Read 1742 times)
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.
If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.
I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.
I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.
I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?
If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.
I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.
I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.
I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?
If it is with the mentioned importance, then answer is no. Meme coins are most of the time not having utility and therefore not haaving enough usage to pull investors towards this industry. However, it is a profitable coin as we saw on the previous years such as with SHIB, $PEPE, and more. It just happened to be most of the time manipulated by whales due to high token supply and low market value. Succeeding memetokens are having high market price increase on its listing with different exchangers especially big ones such as Binance. Problem is the fact that not all meme tokens are having the same outcome upon listing so better be careful of going all out. It would be much better to wait for corrections in its price. If I would be asked, I think meme coins are only okay for short term investments.
I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.
I have experienced doing some swing trades with meme tokens and fortunately I gained decent profit. However if it is a coin to be advised over major coins, then I doubt of it especially those which are still on price ceilings at this point. A good alternative for me if it is among other altcoins in this industry but not having that much of an impact in general.
I really agree with your statement that meme coins are a short term investment, just like gambling. In my opinion, meme tokens are not worth buying because the risk is very high. This is just hype or a trend, while it is better to buy altcoins than memecoins. I think that's the case. I'm just sharing my view. I am against memecoin because memecoin is not one of the most important in this industry
What do you think?
I still think that the existence of memecoins is important in crypto. Because we can't deny that memecoin also brings more beginners into crypto investment. Although they may have come initially because of FOMO, they eventually learnt and started to become great traders in crypto.
I have traded in memecoin. I even invested a little bit in memecoin. But I have never had a big profit in memecoin. But if it's a small profit then I get it very often.
True, memes are quite important to the crypto ecosystem, though it's dicey to get it right sometimes in terms of memes but when you do, it can be rewarding. Here's the recent one I ventured intoI have traded in memecoin. I even invested a little bit in memecoin. But I have never had a big profit in memecoin. But if it's a small profit then I get it very often.
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I am not saying that GigaChadGPT or GigaCoin are better than ChatGPT or any other meme coin. I am just trying to show you that there is more to meme coins than meets the eye. They can also be a source of inspiration, learning, and entertainment. Of course, they still have their drawbacks and challenges, such as scalability, security, and regulation. But I think they are worth exploring and experimenting with, as long as you are aware of the risks and do your own research.
I agree with you that the GigaChadGPT is a different version of what a meme coin is known as, but how about the rest meme coins in market? The fact that very few are inspiring with innovative feature doesn't mean the remaining are ok for investment. Meme coins are to be dreaded and invest with care, since majority are just for jokes. I have read some meme coins white paper were the developers clearly stated that the coin was made not to be taken serious as a coin for investment.
For me, there's only one memecoin and that is Dogecoin. The other memecoins are only copy of Dogecoin ot created based on Dogecoin. It's not really that important in my opinion but it did help bring more people on the market which is good enough. Memecoin is created for fun but because many people are using it then that's when the memecoin is more than just a coin for fun (Dogecoin). Other people are buying memecoin because of the hype of the memecoin but when the hype is down then the discussions are dying or the discussions about the hype memecoin are becoming less and less.
- Do you support the existence of memecoin in the crypto market?
We can not deny the great impact of some memecoins in the entire community such as pepe, doge, shiba and others
Memecoins are often backed by a community who are using the meme where the coin emerged from so you know that it will get some attention which is a good thing
However most of memecoins are created just for fun and are often considered useless or not really having any utility therefore when it is launched it does not really get any value well there are also a lot of altcoins out there that do not have much utility and do not get value after launched
Nonetheless i see no harm in memecoins it is up to ourselves to do our own research and make sure to invest only in potentially good projects
- Do you support the existence of memecoin in the crypto market?
Memecoins that have high volume will be very important for CEX because they will list and get a lot of fees from transactions made. like some memecoins that are currently hype and have many communities, even volumes reaching $1B will be a good source of income for CEX. but for the crypto market it will just be a temporary memecoin hype and the crypto ecosystem will not be disturbed either. there are more memecoins that keep appearing and only a few manage to fetch incredible prices.
CEX are Centerpoint for most of these memecoins that turns to be very promising. We have the legit information in the market, we keep steady milking of the system in all rounds, nonstopping to acquiring more achievements in the market. Cryptocurrency is the masterpiece we have to acknowledge if we're into the new generation of earning online especially from crypto. The hype will not quenched because there are numerous projects, some explore and others fails. Memecoins is the trending projects that keep the steady boosting of the system. I think that memecoins are important for the crypto market, but not in the way that some people might think. Memecoins are not important because they have intrinsic value or utility, but because they have entertainment value and community value. Memecoins are fun, humorous, and engaging. They attract new and young users to the crypto space, and they create a sense of belonging and identity among their fans. Memecoins also generate a lot of media attention and social buzz, which can raise awareness and interest in the broader crypto ecosystem.
However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.
However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.
I support your point mate, meme coin where created for fun and the amount of coin in circulation are too much for the coin to be considered a coin for serious investment. those who invest in meme coin should be careful because there are several scam project out there coming from meme coins, and one thing that troubles me most is the ability of the coin to be easily manipulated. And the high volatility of the coin might bring loss to a newbie investor, however for you to be able to trade properly with such coins, then you must have your eyes fixed on the market to avoid losses.
I appreciate your perspective on meme coins and the risks involved in investing in them. I agree that they are not suitable for serious investors who are looking for long-term returns.
However, I would like to share with you some information about GigaChadGPT, a new AI-powered chatbot that is based on a meme coin called $GIGA. GigaChadGPT is a rival of ChatGPT, an AI chatbot developed by OpenAI that can generate human-like text based on context and past conversations. GigaChadGPT claims to have superior alpha energy and more features such as chat with images, voice, and create images. GigaChadGPT is also backed by Sberbank, a Russian lender that is investing heavily in AI technologies.
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.
I am not saying that GigaChadGPT or GigaCoin are better than ChatGPT or any other meme coin. I am just trying to show you that there is more to meme coins than meets the eye. They can also be a source of inspiration, learning, and entertainment. Of course, they still have their drawbacks and challenges, such as scalability, security, and regulation. But I think they are worth exploring and experimenting with, as long as you are aware of the risks and do your own research.
source: https://gigachadgpt.io/
Tele: https://t.me/GigaChadGPTOfficial
It is only 3% meme coin that are good to invest, the rest are shitcoins that is why people needs to be very careful when planning to invest memecoin. They are not reliable to invest, most of them were created to just to scam people of getting money from them. Meme coins shouldn't be taking serious for investment, it shouldn't be consider to be an investment. I also call Memecoin gambling coin because they are very much unreliable and unpredictable.
I think that memecoins are important for the crypto market, but not in the way that some people might think. Memecoins are not important because they have intrinsic value or utility, but because they have entertainment value and community value. Memecoins are fun, humorous, and engaging. They attract new and young users to the crypto space, and they create a sense of belonging and identity among their fans. Memecoins also generate a lot of media attention and social buzz, which can raise awareness and interest in the broader crypto ecosystem.
However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.
However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.
I support your point mate, meme coin where created for fun and the amount of coin in circulation are too much for the coin to be considered a coin for serious investment. those who invest in meme coin should be careful because there are several scam project out there coming from meme coins, and one thing that troubles me most is the ability of the coin to be easily manipulated. And the high volatility of the coin might bring loss to a newbie investor, however for you to be able to trade properly with such coins, then you must have your eyes fixed on the market to avoid losses.
- 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. I don't support it, but I'm not against it, I'm just not interested in that market, I think that it's highly speculative.
2. I invested in Doge
3. I still have it, it did bring some joy, wow, a DOGE coin, how funny. But then I just wanted to sell it, but I didn't do that when it topped, and now I'm just waiting for the good moment to get at least some profit from it.
I think that memecoins are important for the crypto market, but not in the way that some people might think. Memecoins are not important because they have intrinsic value or utility, but because they have entertainment value and community value. Memecoins are fun, humorous, and engaging. They attract new and young users to the crypto space, and they create a sense of belonging and identity among their fans. Memecoins also generate a lot of media attention and social buzz, which can raise awareness and interest in the broader crypto ecosystem.
However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.
However, I also think that memecoins are not important for the crypto market in the long term, and that they can be dangerous and distracting in some cases. Memecoins are not important because they are mostly based on hype, speculation, and manipulation. They have no real innovation or differentiation, and they are often vulnerable to scams, hacks, and crashes. Memecoins can also divert attention and resources from more serious and valuable crypto projects, and they can damage the reputation and credibility of the crypto industry.
Have you ever invested in memecoin? Which memecoin is that?
Dogecoin but I've missed the peak of it and sold too early.You’re not alone on that one. It’s really difficult and almost impossible to see someone who didn’t sell off at some point. Maybe unless they lost access to their wallet. Even if it were to pump right now, eventually you will tune out at some point because meme coins are really volatile and you do not know if the pump will stay or it’ll go back down. I would be really surprised to see someone who had access to their wallet back then but hasn’t sold their DOGE till now.
Memecoins that have high volume will be very important for CEX because they will list and get a lot of fees from transactions made. like some memecoins that are currently hype and have many communities, even volumes reaching $1B will be a good source of income for CEX. but for the crypto market it will just be a temporary memecoin hype and the crypto ecosystem will not be disturbed either. there are more memecoins that keep appearing and only a few manage to fetch incredible prices.
Honestly, I believe memecoins are the kind of asset which make more damage than good to this ecosystem, unfortunately.
When cryptocurrency was a new thing and people within this world did not have so many bad intentions, memecoins like dogecoin were made or conceived as an innocent joke or parody to Bitcoin. It was no intention to profit out it.
Today, the landscape is completely different: behind most of the memecoins which try to hype up the people in the market there is a good chance to find a scam or an attempt to scam people.
I believe there is some value and purpose behind the existence of Dogecoin and Shiba Inu, but if we talk in net terms of the market, then I am inclined to say memecoins are no important and most of them just hurt the reputation of serious projects which seek to solve problems.
I would not advice anyone to invest heavily in memecoins, specially in new ones which came out of nowhere. At least Dogecoin has a long track record and precedents of pumping its price very hard when the community is hyped in the alternative coin season.
The market always has more losers than winners, no matter what token it is, even BTC and ETH, of course memecoins are no exception. We cannot expect that the majority of investors will make a profit, because profits do not suddenly appear out of thin air, that is the rule of this market. In addition, there are many fraudulent projects in each field: Layer-1, DeFi, GameFi... Memecoins is also a field with many fraudulent projects, it is no exception.When cryptocurrency was a new thing and people within this world did not have so many bad intentions, memecoins like dogecoin were made or conceived as an innocent joke or parody to Bitcoin. It was no intention to profit out it.
Today, the landscape is completely different: behind most of the memecoins which try to hype up the people in the market there is a good chance to find a scam or an attempt to scam people.
I believe there is some value and purpose behind the existence of Dogecoin and Shiba Inu, but if we talk in net terms of the market, then I am inclined to say memecoins are no important and most of them just hurt the reputation of serious projects which seek to solve problems.
I would not advice anyone to invest heavily in memecoins, specially in new ones which came out of nowhere. At least Dogecoin has a long track record and precedents of pumping its price very hard when the community is hyped in the alternative coin season.
I see it positively that memecoins can have promotional value and attract investors to the market. Many people only know BTC and DOGE, they don't even know ETH or USDT. Even memecoins have created a whole meme culture in the crypto market
Honestly, I believe memecoins are the kind of asset which make more damage than good to this ecosystem, unfortunately.
When cryptocurrency was a new thing and people within this world did not have so many bad intentions, memecoins like dogecoin were made or conceived as an innocent joke or parody to Bitcoin. It was no intention to profit out it.
Today, the landscape is completely different: behind most of the memecoins which try to hype up the people in the market there is a good chance to find a scam or an attempt to scam people.
I believe there is some value and purpose behind the existence of Dogecoin and Shiba Inu, but if we talk in net terms of the market, then I am inclined to say memecoins are no important and most of them just hurt the reputation of serious projects which seek to solve problems.
I would not advice anyone to invest heavily in memecoins, specially in new ones which came out of nowhere. At least Dogecoin has a long track record and precedents of pumping its price very hard when the community is hyped in the alternative coin season.
Damage or not, it doesnt matter! They would really be existing no matter what and since this is a free market on which no one needs for some permission on creating a new coin and launching it to public.When cryptocurrency was a new thing and people within this world did not have so many bad intentions, memecoins like dogecoin were made or conceived as an innocent joke or parody to Bitcoin. It was no intention to profit out it.
Today, the landscape is completely different: behind most of the memecoins which try to hype up the people in the market there is a good chance to find a scam or an attempt to scam people.
I believe there is some value and purpose behind the existence of Dogecoin and Shiba Inu, but if we talk in net terms of the market, then I am inclined to say memecoins are no important and most of them just hurt the reputation of serious projects which seek to solve problems.
I would not advice anyone to invest heavily in memecoins, specially in new ones which came out of nowhere. At least Dogecoin has a long track record and precedents of pumping its price very hard when the community is hyped in the alternative coin season.
If we do really try to look around on how many coins that are being created every second or every minute then we can really tell that the trend is always on and not something that could die anytime soon.
This is why as an investor then it would really be just that normal that you should really be that careful on what are the things that you would really be gonna tend to do so. Make out some wise decisions
basing up with your own common sense on how you would gonna approach things ahead.
Honestly, i've been dealing up with meme coins on which ive been trying out to find the next SHIB actually. Yes, its dangerous and something that pertains about more losses
but if you are really that wary and careful on dealing with up, you could actually make money with those initial pumps even if it would die right away after that.
There's money into it and this is why people are really that fond on doing so.
Not really that important at all but many people are into them which gives them value and a sense of present in the crypto-market . So I guess people have make them somewhat important .The interest in meme coins is increasing cause many have make a lot of profits from them for example pepe which makes many millionaires by just investing thousands into the project.
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