Topic: Are meme/NFT investment really worth the hype they're getting?. (Read 600 times)

So much has changed in this crypto space, still surprised at how investors stopped buying coins with good use case rather they prefer some "cumdogerocket" meme shitcoin, i never thought a day would come when a meme coin without a real project will gain massive value and attention from investors, it seems they all want to get rich quick rather than wait for a year or more to get good profits from their investment, this meme coins aren't worth the attention they're getting honestly.

It is always the same, as soon as there is a reason to believe a coin is going to be successful a lot of clones appear immediately and people are dumb enough to invest in those coins, I agree that not all of this is the fault of Elon, he only stated his preference over dogecoin and then everyone assumed that this support will also fall on meme coins and they began to invest in them and then we saw a surge on those types of coins as scammers realized this was a golden opportunity for them.

I do not really guess that people would be "mad" over something like this. I have seen so many people who are mad that people are spending their money on games. I mean it should not be that weird because let's face it we have spend tens of billions of dollars on games that we did not made any money at all as humanity, even just GTA itself made more money than all of play to earn NFT games so far and very few people made any money from GTA, some did surely but not all.

So all in all, I would have to say that there is nothing to be mad about, people could spend as much money as they want on this, and play some games and eventually they could make some money or maybe lose a lot of money but at least they would have gotten something out of it instead of just "bought some, did nothing, and lost it all" because that is literally what happens when you invest into a coin and lose money.

Take advantage with the hype and as it should be and if you are wise investor then you would really be having this kind of mindset.Take profits while you still can because this is something which isnt  permanent

and when the time is over in terms of hype and interest or popularity of NFT's then it would be mainly affecting on what you had invested. Be wise and be vigilant on what are the things that could happen

in the market. About on the hype they are getting then its just normal that people will dive in into things which are currently new into this market.

They are just passing by, for sure. The hypes that they have been are really getting a market attraction but to consider the value of these projects, I've never seen anything that awaits us holding them for long. What I'm seeing is a huge price depreciation is going to happen in the coming days and just like ICO, these projects will soon collapse.

That is why I'd never had an interest in buying with them coz I'd never see any fortune with them. Yeah, this might only be a temporary investment but feel high risk on them rather compared to other projects.

The meme coins? Not really. Elon didn't create any hype on meme coins. He just said he was investing in Doge coins and that he likes doge coin. He said he will help the doge coin developers and community. Did he tell anyone or force anyone to invest in Doge? Nope. Some people followed him like a sheep, while others took the advantage of this and knew what would happen. It is them who started to promote various shitty meme coins. Yet people keep on blaming Elon for everything lol. The NFT investment is just a hype. It probably won't die forever, but won't be as popular as it is now.

Even if the nature of both of those coins is completely different at the same time the reason why both of those type of coins are going up in value is the same, the hype behind them is huge and people are expecting to make a fortune with both of them, and while this is going to be true for some people I really expect that most people are going to get very similar results and those results will be that a great deal of them are going to lose all of their money as the great majority of those coins are completely useless and offer nothing new to this market.

Memecoins are not to be taken seriously and I think they are projected to fail. Doge only lasted this long because it has been endorsed and advertised by high profile people but I think this is because they are trolling instead of believing that Doge is worth investing into. NFTS are hyped right now I like to compare them to the ICO craze back in 2017. They were all the talk back then but now people know that they are worthless and many projects have failed.

I think you need NFTs and other games like this on the blockchain to get everyone interested in it.  Attention is not zero sum -- when more people know about a product, the more valuable it is.

In my Opinion, I don't think it is wise to invest on hype coin. Usually they not last very long, but there's also a coin that last very long. Like Shiba Inu Coin for example.

For me, i don't want to spend all the money on hype coin like that, unless i know well the coin prospect for the future

I wonder why this crypto punk NFT art is really priced at such high price, I just can't see the appeal however the NFT game is indeed an interesting market.
But most of the NFT games also need improvement, most of these games are usually a really simple game, maybe there is exception for NFT game like vulcan verse where it's 3d game and seem more interesting, but most of nft game are just turn based game that will become boring overtime, its good if there is high quality game in the future.

Simple Greed Is what consume us all We all want the next 100X or even 1000X coin and NFTs have done it again and again so basically its assumed they will make higher moves again Basically people rush into newer coins thinking it will be crazy profitable at the end of the day and when that happens good for everyone When it fails then thats too bad and sorry to those that went all in Never ever go  all in Stay and calculate first

Meme coins and NFT might only be good for temporary gains but if you want to make real investments that will satisfy you with huge returns, then we should not rely in meme coins and NFT. I think they are just good for pump and dump and the worst is their value might not be recovered and might only end up as shitcoins.

Focus on bitcoin and ethereum. Their value might be hyped too but the security is there that even if the value gets dumped, they will always recover and keeps surging even more.

nft is indeed quite unique and deserves more than the hype. this is a unique innovation where we can get satisfaction in pursuing hobbies and investments, right?
get double pleasure, it's a shame to miss. gamers can enjoy brand playtime, unwind, and get rewards or collect rare items from the nft game.
take a look at opensea or other nft markets, many of the artworks offered at very extraordinary prices by the fans, for example cryptpunk, are truly extraordinary.

I wouldn't really say that Defi is smaller than NFT right now, plus they are very different stuff as well. Defi is a whole system of how to manage your money, NFT is a way to make money by working, people would be crazy to give up that much money while working, but one day when people start getting paid less than what they want to, then they will stop working as well.

If you tell people they can work and make $1 per hour they work, some people will take that, not everyone but some people from specific nations will take that, but what would happen if richer people stop going there because of how little it pays? Eventually those poorer people who are willing to work cheaper will not find richer people willing to buy their manhours. This is why I believe NFT is a soft hype that does not have a limitless situation. Whereas defi is not like that, you do nothing there, making 20% guaranteed income is good enough, and if you are not working at all? Then it is even better.

Meme tokens for me are not really worth the hype they are getting at.
But NFT, they have use case that the community needs.
Like in games or as NFT collectibles created by artists/personalities or athletes.
NFT is a new digital way to connect these personalities to their fans.
This is why a lot of popular personalities are now discovering the world of NFT.
And this hype is just in the early phase. It will grow more in the next coming years.

I know projects that provide an opportunity to invest in their project if you previously received NFT in a limited form. In addition to the fact that people speculate and the NFT market itself is overvalued in my opinion, I think this strategy of stimulating the community is acceptable.

Obviously, no. People just found new source of "easy" money. Now they are hyping and trying to earn more money from thin air

I don't think there's anything to gain from hype, for example, I've seen pictures of kindergarten children's scratches valued at 1000$ sometimes it doesn't make sense I think what if NFT isn't as hype as it is today, it's true that you said it's better to invest in bitcoin or altcoins Compared to the pictures it's not clear

They prolly think advice from rich and influential people will make them become rich also, that's why most of them just go all in for whatever coins that is been advertised by these rich people, I haven't tried investing in meme cause the percentage of losing my money is way higher than the winning percentage, I prefer trusted projects like, matic, eth, ada, btc and near, rather than these meme coins.

So far I have no intention of buying NFT as a long or short term investment, I think it is still very risky because it requires full support from the community and market hype. Moreover, I'm still confused with nft in the field of art, indeed the price depends on the bidder, but sometimes the price doesn't make sense. maybe my art lacks taste, but that's how it is.

the one that's been busy lately is nft gaming. this must be very fun for gamers, besides playing to entertain themselves as well as being able to invest with nft. Cool, right?
I also like to hunt for nft airdrops, who knows, I can get a high price.

Meme coins shouldn't be compare to NFT projects never, meme coins have no good utilities than been just meme 100% but NFTs are so damn useful, stay away from meme coins and go for NFT projects instead

It's pains me the way investors no longer prefer coins or projects with a good use case, now they prefer buying meme shitcoins and hope it pumps so they can become more rich, we can't really tell them what to do with their money cause we ain't their dad or financial  advisor, maybe some day when their shitcoins make them become Rekt they might change their mind and start buying coins with real utility rather than fun tokens.

This time the bull run is called the bull run of memecoin and NFT. Because meme and NFT have huge pumps which are not worth it. Gradually people are moving away from these because now people realize that this hype is temporary, it will not last. So if you want to invest, invest in Bitcoin.

What happens is that those people are not really interested in the market itself and are only interested in what the market can give them, as such they want fast profits and nothing else and in order to get those fast profits they desire then they need to invest in whatever has the most hype at the moment and at the time we are writing this NFTs are without a doubt the most hyped up assets in the market, so as you can see it is easy to understand their mentality even if for people like us it does not make a lot of sense.

My first impression were not really that great in first of hearing of it because it was just all about art and something but in the time where its been applied on games then this is where my interest poke up.

Yes, the hype is really getting higher as we do go day by day specially on games industry.Ive seen lots of popping out like mushrooms and speaking of investment.I had actually make out some buy out

of those NFT's which i can consider to be that good since i could really get ROI in a short span of time.This is risky but really worth to try of if you do really  know on what you are doing.

I do really agree with you mate NFT were not only for art, for music or a digital concept of luxury brands like watches and now it is more known in a games but the use case of the NFT projects is amazing. I mean maybe NFT projects were now hype because this project feature is really good enough to be hype and people get hook to it because it is proven that they can get or earn a profit from it. I believe that it is really worth it to invest in NFT projects but see to it that before you gonna risk your time, effort and money to invest you already did your own research about the project.

Yeah, they are not really worth the hype, most of the times it’s just tactics to take money away from people and nothing more. Although those who are early investors tends to benefit from it a lot more than those who are coming in late. So I guess if you want to participate in any of them you have to make sure that you’re getting in early, and once you have made profit, you can sell the coins and take your profit and move on. Or you can even avoid them entirely and stick with the old coins and be investing in them. Old projects are always the best because they are more reliable and you have nothing to worry about.

To be honest no, it is in my opinion just a phase. NFT is the ICO of the last bull run, mostly paying over the odds for a load of crap. Save your money & buy bitcoin.

i think it is not only hype , but really usecase and the uniqueness that make NFT concept really be new investment choice. beside used as art or other content , now NFT project also developt new concept in gaming space thats called as play to earn game. Simple rules was , when we could earn money from playing games, it will attract everyone to play it and even ready to spend some money to but NFT character.

I think NFT deserve all or will I say it deserves more the idea of that NFT is a great one, I think NFT should be the most vibe token ever, because it's all about originality, appreciating the hard work and talent deserves more reward.

NFT is not overhyped like DeFi that's because, it's not everyone that like art, I'm one of the many who don't fancy art as an investment.
So far, I have seen some projects do well and their treasures market where anyone can sell this NFT is really great but what comes after all this is what I don't understand. What is NFT project bringing to adoption like the way bitcoin and Ethereum are currently.
Ethereum users are even finding it difficult to use NFT because the fee needed to move this non fungible tokens are expensive. So, I don't know where the adoption is coming.

From my perspective the current NFT market was only driven by some hype even though NFT Concept Can change intellectual property problem in the future through the Decentralized system where everyone can see and verify the content authenticity beside that it's worked for some game based items for example like Axie Infinity, There are tons of potential beside some Art, Gif, Content that sold on the market for high price right now that sold because driven by Hype, Maybe in the future we can see effectiveness, Let's wait for now and enjoy the wave!

Wow yes, that's a project worth checking out. Thank you

I see many NFTs are sold at very high prices. It is si sometimes multiple prices of ETH. Wow.
And I am still confused about what differentiates them and what makes them pricy enough and v=valiable enough. maybe because I don't know about art or even the design of NFT itself.
But, if seeing from the hype right now, it is very worthy in NFT. By utilizing every NFT and its price, applied in some tokens or coins may be also worthier someday.

In a few years we will see some major players in the NFT platform, right now i have my take on the market as i started following them because they started adding P2E games which is really interesting and can develop a major market and i am looking for new projects that have visionary developers who can make the best platform for games. I am not a big fan of collecting digital art but i have seen some are coming out with authenticated art work which is a game changer.

It still pays off to invest in the NFT at the moment, because the hype is still going on. However, in my opinion, this is too risky an investment in the long term. When the hype ends and popularity goes down, prices will fall as well, and the NFT itself will become as niche as collecting postage stamps.

To be honest I think those guys that are buying an NFT artwork for a huge sum of money are probably doing money laundering, I can't just imagine buying just an artwork for 500k dollars or more, instead of investing the money in altcoins and bitcoin for the more profitable funds, in some years to come I believe that the truth will come out after the NFT hype has been subsided

I think what stopping good quality high rated game from using NFT is if the concept is still complicated, it will be harder for them to use it.
Most of the high rated games will probably stay with the same way they using right now until NFT become more simple and easy to understand.
But there is also always a chance for the high rated games to use NFT as well maybe to make their game more interesting and attracting, it could help them improve their game uniqueness.

I wasn't comparing the systems but the communities associated with them. But yes I acknowledge, there are some really good and decent (And honest) artists and creatives in NFT space, but they are actually a small minority. The big majority of NFT people aren't different at all to me at first glance from regular memecoin and altcoins and ICO communities.

Gaming NFTs are different yes that I'll admit.

Really agrees with you, i mean i totally agreed with you. When people says NFT at the first time i was like huh what is that, and then i searching and searching most of NFT has a value and some of them has a great also wonderful value like on opensea list it says can be up to 1 eth or more. Well while Colosseum Cards is still new for me but when i see to their concept i really fall in love with theirs. Because such missed my child hood that i always trying to buy card packs with players inside it. So yeah i really love this concept of cards pack also they can be our NFT. Really mind blowing for me.

- If you were wondering about the utility, I can only summarize the coin meme as you say, hype is its basic value and utility, renamed many times and such projects only represent a trend where the community creates, pumps more money, launders and makes money, worthy for those who love betting and adventure. NFT has a little more utility and use, its environment aims to store valuable products, collectibles and trade in the game platform, maybe these values are still vague but if a game company adopts and has products and crypto tokens, this could be worth a long term investment

NFTs are a hard space to invest in sometimes. LOTS of current projects that have already taken off. I feel that some of the "nft games" are build for earlier adopters can make a lot of money but people late to the game have a hard time catching up. This is why I am excited about Colosseum cards as it is a project not yet launched yet and I have a chance to get in from the start. It is an NFT project coming out in the near future where you'll be able to buy packs and unpack them for a chance to get one of your favorite football players. You can also sell the card you unpacked on the marketplace and earn a 2% trading fee forever after each time it's sold. They'll even have young talented players whose value will go up or down depending on how they perform in real life. It's a project worth checking out.

NFT is a whole new crypto system that really can not compared to a meme coins. NFT is currently used by many crypto games as their marketplace to sell in game items. This NFT is really fit for selling any online items or in game items on the internet, i'm sure there will be a lot of games using NFT in the next years because it works on several games like Axie or Vulcan Verse.

I share your point of view, I don’t see any real reason for investing in NFT or meme coins. What is their utility? They don’t carry any real value, so they can’t be profitable in the long term. On the other hand it is a way to earn a lot of money very fast. As if something is profitable and in hype, people will invest in this. Personally I don’t play any NFT-games, buy NFT-pictures or invest in meme coins as I consider this to be too risky.

If that was easy to do as to say that just buy bitcoin and have profit, some people do not have the amount of money to buy a single bitcoin that is why they diversify their money into some meme coins and make an instant profits. Those who are rich may have the money to buy any kind of coins as they want and make their coins cycle in the world cryptocurrencies. Scammers are everywhere, whether rich nor even people who needs money. Investments in cryptocurrency has always a big risk.

The rise of meme tokens and coins has been on the increase in recent times and I begin to wonder how many of these meme coins will survive the future? It is a question really worth thinking. Another main concern is the place value of the token decimals - running to billions. I am just wondering that $10 dollar worth of coins will see you holding billions of the token or coin. Is it really worth it, is it not more confusing? While we recognize that crypto space is all about community, But I think it is advisable to check well before you invest you funds no matter how small.

People do invest in NFT as a fan and then there are many that resell them and make a quick profit especially rare NFT collections. Basically i have seen users flipping these coins at a much higher rate than they purchased and that is the motivation in investing in NFT rather than just code which could pump and dump any day.

The NFT market is just beginning and even now some of the sporting legends are releasing their NFT arts and they are selling much quicker than i anticipated earlier.

Based NFT games are investment. but in fact not all NFT will be successful. such a thing will surely always exist in the crypto environment. if you dont like it simply ignore that just like ICO in the past some people like to do it some people are against about it . Concept ICO and NFT its almost the same but  NFT now much better because their user or investor can directly using platform.

As much as I like Dogecoin this cannot be more true. People see memecoins as a dogecoin version 2 or 3 or whatever but the people who developed them and the people who adopted them and then used them to give to all those famous charitable causes are NOTHING like the masses and hordes in defi and memecoins now. Absolute shillers with no thought about what happens to people they'll dump on.

NFTs are almost the same too, though... maybe not all but similar attitudes in most.

I think it is not the "hype" this time around, it is the fact that it is something brand new, which means that people want to play those games, and that is definitely something that we should be focusing on, is this called hype? I am pretty sure that it should not be called hype, because in crypto when something is hyped that usually means it is something regarding the price of it, price goes up and then it goes down, but at the early stages the price skyrockets because of the hype.

This is a bit different, it is not "just" about the price, of course it has something to do with it, who would play games to lose money, that would be gambling, but here we have the "gaming" part where people are also having fun, it is way more than just buying something and waiting for weeks to make a profit from it, you buy it then you play with it until it gets bigger (lol) and that is usually very entertaining.

For memes I don't want to discuss it because I think at least for now it's too risky even though at first since before there were pumps and dumps I still kept my assets here but for now I don't think I will store assets here because there are too many pumps and dumps and manipulation that takes place.
Unlike NFT, I still collect and play several NFTs, one of which is Axie Infinity.
the reason is very clear because NFT is now starting to get hype and I think some NFTs are good enough at least for now to be adopted. other than that I think NFT is quite simple to play and used as a farm that makes me interested here.
apart from all that, here is our freedom to do something there are no restrictions, no restrictions and no standard rules that can be used as a reference. everyone returns to their respective perspectives do what you think is best with the research you are doing

I really dont get meme NFTs to be honest. I believe that any good investment has to be backed up by very good fundamentals and there is no fundamental reason why anyone should spend a lot of money to own a meme.
The only type of value i see is the sentimental value that it may have to the owner. However sentimental values doesn't make it a good investment.
I prefer NFT of Artworks, liquidity providers etc

Investing in meme coins is useless, we don't get long term profits. while NFT is good for artworks, if anyone invests it is an appreciation of what they create. I will not invest in both

Art has no limit price because art has beauty and it is unique, NFT is good for collectors and artists who have lots of ideas for the art they create, we don't have to bother with auctioning and selling an item to someone far from the item the.
Digital platforms like the NFT platform changed everything and NFT started as a funny game cryptoKattie.

memecoin will always be hype because Dogecoin reached an ATH that was never predicted before, investors tried to place their money and hoped that the new memecoin would be the same as Dogecoin and it turns out that SHIB is currently getting selected and several other memecoins keep coming to fill the list of new memecoins in the crypto market
- https://coinmarketcap.com/view/memes/
- https://www.coingecko.com/en/categories/meme-token

i think the same as you, nft and meme coins are for collection purposes only and have a small chance to make a profit in the future.  tokens that fall into the nft category and meme coins very rarely have people interested in buying, unlike bitcoin or altcoins.  so when you decide to buy nft tokens or meme coins you have to be prepared to have tokens that have no potential.

Two answers:
1. YES
- If you really know which meme or NFT games coins have good fundamentals and are also considered as good projects
- If you really know how to manage your money and your risks when going to invest or trade in them
- If you really know their cycle and mechanisms going in the market, its pump and dump
- If you really know how to utilize every moment to get the chance to buy and sell the coins so that you can take big profits.
- If you are a high-risk taker and not a panic person

2. NO
- If you only follow the hype and FOMO
- If you are new in the crypto world
- If you don't know what kind of market situation of the NFT game and meme coins
- If you cannot control yourself to manage the money and investment
- If you dont know when to enter and when to sell the coins
- If you are a panic person, only based on hype and FOMO

Meme tokens are pure of hype and not worth to be consider as a good investment, meme token are only for those who take the risk of a pump and dump price, so if you’re a risk taker go for meme token.

If you are looking for a more serious investment, NFT can be a good choice because there’s a lot of good projects for NFTs, I do focus more on the NFT games since I’d love playing while earning and I see their growth over time already, I believe they are meant to stay in the market.

Meme coins are not good enough to be sustained but as long as it's tradable, there will be influencers that are going to hype it and that's the same with nft arts.

Although in NFTs, there are also other things that you might get interested with specially the p2e that it has. I'm into an NFT game that's very popular these days and in the forum a lot of discussions are there, the Axie Infinity.

In my experience, so far it's satisfying to me. Enjoyable and profitable in the long run and hopefully developers will maintain its current state for it to last.

When it comes to memes, they rise with the bull run, so some of them might be profitable, no matter if they are useful or not. There are ton of idiots with money spending them on irrelevant things and stupid money is the easiest to collect.

When it comes to NFTs it's like asking that is it worth to invest in cryptos. NFT is an umbrella term for various things. I personally don't get the art hype, it's not like you legally own anything, or it's on the legal grey area anyway. investing into NFT can also mean things like THETA, FLOW or ENJ and various others where you are basically investing to protocols. In that way there at least will be liquidity, unlike in most NFT collectables.

For new trends then its just normal to have that kind of reaction on where the community would really  be having those impressions or thoughts on making money in short time because when its really be shilled and been hyped up then you would really expect that it would really make out some price increase since the interest would really be on the rooftop which there are people whom do really love to play with fire for them to make out some gains and this isnt a surprising kind of act and this would continue everytime there are something new that would exist or available in the market.People presume that it could really be a big thing that might
really make up some tons of profits but of course risk is always there.

The problem stems from the erroneous ideology that crypto is all about "getting rich quick", these investors are aware of "lottery" coins that have given massive profits (through luck) to one or two investors in the short period, but Bitcoin on the other hand is a long term project, thus this investors do not have the patience to invest in a coin that actually has a use case and that will give ROI with time, they rather want to go for pump and dump coins and hope they get in at the right time and make profits when it pumps, but unfortunately, that's not always the case, as they most times lose their funds.

Having said that, the inability of investors to do a good research on what they intend to invest in is also a problem and a cause of mistakes people make, I'd actually not blame most of these prominent individuals, if people handle their investment matters independently, then this rich people would not have anyone to make money out of.

To be sincere, people have been warned to make their own research before investing in any project but most people believes it is better to follow whatever an Influencer says thus don't bother making any sort of research while forgetting that those influencers do not care about anyone but themselves and their pockets, some are even paid in a different coin but will promote another coin to their followers. During the height of the Meme coin trend, a lot of Influencers did that, and today they have started with another, and most of their followers will still not learn, so that is just the issue, lack of research and so on.
In the case of NFT, i believe they have been around for a long time, but it is just that they started getting recognition this time around hence the pump, however I think there is more to NFT such as Gamified tokens although I stand to be corrected, but in the issue of people who are spending such amount on some NFT arts, is what I can't really figure my head around.
Lastly, if NFT and/or gamified tokens are not really worth it, I don't think Binance will launch an NFT marketplace, I just think it is another aspect of this space people are exploring and it needs a bit of time, however that doesn't mean people will not carry out their own due diligence, or understand what actually they are doing.

Yes, I think so. Why people don't research themselves and just follow these richer people blindly. There are hundreds of trusted and strong projects where we can get good profit. These meme coins have always given me loss. I suggest those who are looking for shitcoins, which can give them profit. You should take a look on some trusted projects such as, FTT, MATIC, ADA, Bitcoin, Ethereum and there are many more.

basic psychology and stupidity

Most people looking to make a quick buck in the cryptoworld will follow whatetever a person with enough authority like Elon Musk or any other big cryto influencer has to say about X or Y coin/nft. This is called authority bias. By doing this they (general public) don't have to bother to make their own research about the asset they want to invest in, they simply follow the influencer's advice, learn he basics and proceed to "invest" then wait for the alleged profits in the short-term which 99% of the time means losing most of your money/getting stuck holding worthless bags of cryptopoop

But, don't assume that the entire crypto community is the one falling for these traps. A big part of it has been through these type of schemes for a very long time and knows how to sniff out the obvious traps from the whales trying to manipulate the market. It's mainly the newcomers who fall for it and start injecting a bunch of capital into the market which then translates in massive spikes in the price (FOMO) and later trying to exit the market (panic selling) when the big boys decide it's time to cash out and charts are nothing but red arrows

All in all, you underestimate the power these rich bastards/influencers have and how easy it is for them to manipulate the general public during something like the ICO boom a few years ago or the NFT boom this year

No one is misguiding anybody, if the talk is about NFT then it's no joke just make sure the NFT project is a well know or atleast well established then you will be fine, NFT isn't overhyped like DeFI projects it's something that works so well that's why they are successful.

Wise words, and unfortunately, I have to say that people in altmarkets actually already know this deep down. Even most newbies probably kind of know this but ignore the signs of common sense and get bought into the hype, and then try to do the same to others. They think they can be part of the top pyramid and play the game hoping to exit before others do.

Some never learn the lesson because they do not accept the lesson.

So before you post this, NFT and meme are not an investment material in terms of profitability. NFT are meant for collection and meme coin is just shitting investor. The main purpose of this is not fit for investment so don't invest your money on it if your focus is to gain only. You will be lucky if you buy an NFT that will in demand in future but considering how many NFT minting everyday. Its so hard to spot a real gem. As for meme coin, don't consider touching any of it. Its a pump and dump coin.

That is so true.
Scammers will most probably use social media influencers to pool a lot of money before running away.
These NFT craze with some useless "art" sold for thousands of dollars is also caused by the hype the social media influencers has been doing.
Influencers and scammers are both getting the money.

The same goes for the NFT games that has been coming out of nowhere after the Axie Infinity big hit. YouTubers are so quick to make reviews about P2E blockchain games. They want to create a hype so they could make a huge profit once the game becomes a hit.

you can always dca, or stake some of your money to other famous chain such as bnb, cake, etc. nft and stuff like that definitely has some purpose and value, but it is being overhyped. i do believe we will never learn from something like this, at least not in the near future. just repeat again and again (from ico, airdrop, nft, etc).

Investing in the crypto will always force you to deal with teh risk. You may right if people have so many options to pick the legit coin but can small fish make profit from the bitcoin right now?
They are investing in the new project as they are believing it. How much someone can earn with only $100 from invest such amount in bitcoin?
It's not all of the NFT were garbage tokens.

First! the influencer or famous people doesn't give any shit about their follower.

Try to take an example from "Faze Clan" and search on youtube now they got a scandal P&D/Scamm shit token! almost getting sue or maybe "SEC" can discover what they're doing the past last month from promoting shit token to his follower and dump the token after get the token.

There are people ready to misguide others, I am afraid. If people think that everyone is their friend in a market which is so prone to manipulation and unregulated that even a simple false information is enough to make it crash some thousand marks, I am afraid this will continue.

However, you can look at this in a different perspective:

There are people who are making sure they profit from the chaos. They are ones who are creating more hype behind the veil and making sure to sell their "shitcoins" to the naive newbies. They are making a lot off the false sense of profit that the newbies get. Even if hundreds of us oldies come to explain to them that they are making a mistake, they will not budge. This happens with every new trader and they will learn the lesson but at a cost.

The altcoin market runs on hype and the context of the hype only changes every few months. Rest remains the same. Before ICOs we had vaporware projects mining then came ICOs followed the the STO/IEO and other Initial Offerings. None of these are security tokens and they will all fail one day. But if the ones buying them are none the wise, then nobody can help them.

Sometimes I begin to wonder how it's easy to misguide the members in this community. The rich has made so much money form their investment in crypto and other aspect of investing now they just want to have fun by playing with meme investment like Elon musk. Without understanding that, we now see that decision of theirs as an investment opportunities and go putting all our money in a joke.

The rate at such a stupidity is what make me believe, we still have a long way to go in this industry. We don't understand the rich are messing with our heads in this industry. How can someone bindly buy an Art fir such high amount all in the name of participating in NFT. We don't learn form our mistakes in this industry. Isn't it same way we had thousands but fICO in the past and they mostly scam their investors which the presale participate profited.

Why risk it all on meme and NFT when you can simply buy Bitcoin or other legit coins and profit in the future. We have to stop giving this rich bastard and scammers the room to scam us and ripoff of our money. Stop this worthless investment and Invest in the right things to secure a bright future.