Are the older Meme coins a good investment? - page 3.

rhodelmabanal

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Quote from: ?? on ??

Quote from: paramind22 on June 03, 2021, 06:26:50 PM

There's PandaCoin

https://bitcointalk.org/index.php?topic=1960307.1260;topicseen

and LiteDoge

https://bitcointalksearch.org/topic/annldoge-litedoge-such-fast-such-stake-wow-proof-of-stake-20-1308769

I know there are many more but not sure about the others that are still around and family friendly.

I think it depends on the time, I don't dare to hold the old meme for too long (more than 6 months), when the price has gone up to 2x then sell it immediately, the competition for altcoins is too tight, there will be more profitable altcoins.

I agree on that we need really need to sell it immediately if theres a chance to ave profit. I only buy meme coins that is new and has a big volume on market. If meme coin has a big volume that means it is good and we can posibly earn on it. I prefer to new coins old coins may not interesting to new investors.

South Park

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Quote from: TopTort777 on June 24, 2021, 02:35:36 PM

I think that all memecoins are not good for investment. Why people invest? Because they think something will develop and in the future it would cost more. What can memecoins develop? Nothing, as there is no product behind them. They can be just pumped and that it. How do people make investment - they do research of a product. What can be research in memecoins? Only outcomes can be predicted. It is more than a simple lottery.

I think people are really confusing terms here, it seems that many people think that investing is just putting money in a coin and then hope that it goes up and quite honestly if that is all what they are doing then they are just gambling, so what is investing? In order for someone to become an investor they need to look at the fundamentals of a coin and if they are strong then they can invest in it, and it is obvious that if a coin is nothing but a meme coin then their fundamentals are not particularly strong and no one should invest in those coins.

clarkt

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Memecoin have saturated the whole cryptocurrency market and digging for older meme coin may not amount to anything. If you are truly a fan of memecoin, just buy in to shiba inu. Despite the fact that it has rally in the last few months, I think there is still room for Shiba Inu to grow!

Lanatsa

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Quote from: barota on June 25, 2021, 04:05:35 PM

Quote from: ?? on ??

to me this question sounds like, is the old shitcoin better than the new shitcoin?
you know coins without real use will not last long in the crypto market. what's more with meme coins, maybe today you see the price of meme coins like doge, inu and others go up, but it won't be the same in the future. When the meme coin hype ends, such coins will be worthless.

i agree with you ,Whatever coins old or new , investors should stay away from those coins , the right investement is investing in the top 10 coins of the crrypturrency for example , bitcoin , etherum , litecoin , binance coin bnb . and should chose best time too for buying because prices of bitcoin drop every day and the other coins follow this drop for sure and hold for long term over one year at latest
as i sayed before the only legit coins btc and some top 10 coin in coincapmarket , for other coins like icos never trust any fake news in their social media or sites because their project are scam and not legit at all , dont trust any icos

You cant really stop people on not to test out waters and as long they would be seeing something new or could really give out some opportunity for them to make money then expect that they would really making out those kind of steps.

People does have this kind of normal behavior on where they do really test out something and see if it does work or not depending on the market condition.

You wouldn't know unless you do try which is really a common reaction or things in mind for people to have specially dealing with investments.

barota

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Quote from: ?? on ??

to me this question sounds like, is the old shitcoin better than the new shitcoin?
you know coins without real use will not last long in the crypto market. what's more with meme coins, maybe today you see the price of meme coins like doge, inu and others go up, but it won't be the same in the future. When the meme coin hype ends, such coins will be worthless.

i agree with you ,Whatever coins old or new , investors should stay away from those coins , the right investement is investing in the top 10 coins of the crrypturrency for example , bitcoin , etherum , litecoin , binance coin bnb . and should chose best time too for buying because prices of bitcoin drop every day and the other coins follow this drop for sure and hold for long term over one year at latest
as i sayed before the only legit coins btc and some top 10 coin in coincapmarket , for other coins like icos never trust any fake news in their social media or sites because their project are scam and not legit at all , dont trust any icos

conected

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Quote from: ?? on ??

to me this question sounds like, is the old shitcoin better than the new shitcoin?
you know coins without real use will not last long in the crypto market. what's more with meme coins, maybe today you see the price of meme coins like doge, inu and others go up, but it won't be the same in the future. When the meme coin hype ends, such coins will be worthless.

- And I can say that the people who are asking this question, they are not interested in the real purpose, they like to write other purposes like the hype of the coin meme because taking advantage of this logical reason, profits will increase by several thousand percent, distinguishing between old meme and new meme, it's just a way of asking about what would be more appropriate at minimum safety, meme coins are products drawn about the future and tomorrow

Reid

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Quote from: ziennakarishma21 on June 25, 2021, 09:42:22 AM

Investing in meme coins carries a lot of risk because you should invest with a capital you can control because your money can be lost at any time or the value of those projects may go to zero whenever so or be cautious with such projects.

Yes, that's correct.
Most of the time small investors are the target of these memecoins. It's cheap and a lot of times we also submit to our greediness with a promise of hype by known players of this market.
But all of that is their scheme for they know we will bite their trap for a big profit short-term.
It's an old school strategy and if you are a veteran in the crypto industry it will be easy to tell what you should avoid.

ziennakarishma21

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Investing in meme coins carries a lot of risk because you should invest with a capital you can control because your money can be lost at any time or the value of those projects may go to zero whenever so or be cautious with such projects.

perryxi2

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Meme coins are mostly just a perfect piece of cake for people to buy them and pump money into because meme coins don't have any value on the Blockchain platform other than pump dump.

Sanitough

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Quote from: ?? on ??

to me this question sounds like, is the old shitcoin better than the new shitcoin?
you know coins without real use will not last long in the crypto market. what's more with meme coins, maybe today you see the price of meme coins like doge, inu and others go up, but it won't be the same in the future. When the meme coin hype ends, such coins will be worthless.

These are just shitcoins, and it will never be better because it's a complete waste in the crypto space, maybe they are hype at some time but they are really useless in the long run, some people make money from it, not because of its potential but because they are just gambling on it.

Consider it as a gamble, not an investment.

TopTort777

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I think that all memecoins are not good for investment. Why people invest? Because they think something will develop and in the future it would cost more. What can memecoins develop? Nothing, as there is no product behind them. They can be just pumped and that it. How do people make investment - they do research of a product. What can be research in memecoins? Only outcomes can be predicted. It is more than a simple lottery.

paramind22

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Is Chesscoin a memecoin? It still has an active community and holds tornaments.

What about Piggycoin? It is like a Piggy bank and earns interests with staking.

Maybe many coins are "memecoins" and only oldtimers in crypto know this.

What value do people want in hobbies or events. Are sports almost "memes"?

turbo_trader0101

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Invest in quality, in projects that have users and already generete revenur. As an example well known casino Fairspin is going on blockchain. How cool is that, huh?? 300k of active gamers to flow into blockchain and https://twitter.com/tfsinfo essentially

Read more here
https://tfstoken.medium.com/know-more-about-the-tfs-utility-token-its-distribution-upcoming-token-sales-and-its-ties-to-a3006c5be88c

South Park

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Quote from: milewilda on June 17, 2021, 04:41:06 PM

Quote from: South Park on June 17, 2021, 03:44:40 PM

What I find interesting is why people need the government to do this instead of taking action by themselves, a meme coin cannot be a good investment, I do not care if someone got 10x or 20x with the coin, it was a bad call, and if they keep doing this then they will lose their money, and the same is true for NFTs, we saw a huge bullish movement for those coins but the majority of them were scams or stuff that will never have value and for some reason people still bought those coins despite this information being freely available to them.

Really playing with fire and there are people who are really fan of doing stuffs even they do know that these pump and dump schemes are the new trend now but they cant really stop doing on get engaging with these things and this is why there are some people who had been fan on picking up coins
which are only good for temporary pumps and then die later on and for those who do get in early and get out on the right time then considered to be lucky but for those who get themselves in the dump then thats the sure way on burning up their investment and this is the risk that people should
be aware of.

This is why I think it is such a terrible idea to invest in such coins, there are a few that can earn profits with it and then they will claim these are great coins that can make you a lot of money and then people seeing their results try to imitate them, but this is like seeing a compulsive gambler winning some money, it seems great until you realize they will lose everything they won and more since they are going to keep taking the worst odds at the casino, and despite this people still decide to do this even when they understand the risks which does not make sense.

Cherylstar86

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Quote from: paramind22 on June 03, 2021, 06:26:50 PM

There's PandaCoin

https://bitcointalk.org/index.php?topic=1960307.1260;topicseen

and LiteDoge

https://bitcointalksearch.org/topic/annldoge-litedoge-such-fast-such-stake-wow-proof-of-stake-20-1308769

I know there are many more but not sure about the others that are still around and family friendly.

You know these days is quite difficult for us to sight which of those are great assets to entrust our funds. However, if we're reall a risk taker then choosing a most potential one can be seen at coinmarketcap, and there you can view each statistics.
We can't just select randomly and hold it without having any sort of background or experience. It should be done with ambiguous outlook in order to generate amazing profit as well.

milewilda

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Quote from: South Park on June 17, 2021, 03:44:40 PM

Quote from: blackened515 on June 14, 2021, 08:12:10 AM

I have recieved the news that Thailand government banned on trading meme-coins and NFTs in their country saying they have no clear objectives, no support on the price and other reasons to ban then if you read the complete article, imo, the only meme coin I think it's important and had good team and development is SHIBA INU

Quote

1. There is no clear objective or substance or no support with the price depending on the trend in the social world (Meme Token)

2. Digital tokens arising from the use of technology to express ownership or grant rights to a particular or specific thing. The same type and type of digital tokens cannot be used. and the same number are interchangeable. (Non-Fungible Token : NFT).

You can read the article here: https://www.sec.or.th/TH/Pages/News_Detail.aspx?SECID=8991

What I find interesting is why people need the government to do this instead of taking action by themselves, a meme coin cannot be a good investment, I do not care if someone got 10x or 20x with the coin, it was a bad call, and if they keep doing this then they will lose their money, and the same is true for NFTs, we saw a huge bullish movement for those coins but the majority of them were scams or stuff that will never have value and for some reason people still bought those coins despite this information being freely available to them.

Really playing with fire and there are people who are really fan of doing stuffs even they do know that these pump and dump schemes are the new trend now but they cant really stop doing on get engaging with these things and this is why there are some people who had been fan on picking up coins
which are only good for temporary pumps and then die later on and for those who do get in early and get out on the right time then considered to be lucky but for those who get themselves in the dump then thats the sure way on burning up their investment and this is the risk that people should
be aware of.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: blackened515 on June 14, 2021, 08:12:10 AM

I have recieved the news that Thailand government banned on trading meme-coins and NFTs in their country saying they have no clear objectives, no support on the price and other reasons to ban then if you read the complete article, imo, the only meme coin I think it's important and had good team and development is SHIBA INU

Quote

1. There is no clear objective or substance or no support with the price depending on the trend in the social world (Meme Token)

2. Digital tokens arising from the use of technology to express ownership or grant rights to a particular or specific thing. The same type and type of digital tokens cannot be used. and the same number are interchangeable. (Non-Fungible Token : NFT).

You can read the article here: https://www.sec.or.th/TH/Pages/News_Detail.aspx?SECID=8991

What I find interesting is why people need the government to do this instead of taking action by themselves, a meme coin cannot be a good investment, I do not care if someone got 10x or 20x with the coin, it was a bad call, and if they keep doing this then they will lose their money, and the same is true for NFTs, we saw a huge bullish movement for those coins but the majority of them were scams or stuff that will never have value and for some reason people still bought those coins despite this information being freely available to them.

kesmex

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Quote from: ?? on ??

I dont think so, Meme coins are very risky for investment. Those coins pump and dump just like mad, You can be lost your capital here, Invest only that money you can afford to lose. Personally, I don't like to buy any meme coin but a few days ago I bought a few million SHIB for just fun. I will hold those coins for the long run, I know those coin prices can be $0 anytime. But I am good with it.

With a fairly large risk, if investing in memecoin is not the right choice,
we know the supply of memecoin is very large so it's hard to see the price going up,
you are right and before buying memecoin we need to know what to do with the coin and also have to be prepared with the risks involved

shinratensei_

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Quote from: hari9981 on June 14, 2021, 06:14:52 PM

Meme coin isnt a investment tools, its a coin for community. I mean the value is getting bigger while the community grows, so the older one isnt always a good picky if you want to have an entry.

If the meme coin being created as a coin for the community and then the community will be contributing a lot to the development progress of meme coin. I think that you didn't understand what means if meme.
The meme coin or token being created as a joke coin by the creator. The doge creator didn't have any intention to make a coin for the community.
He already created it as a joke coin and he has nothing to do if doge can be big like this time. The old meme coin just a money grabber or even some were scam coins.

hari9981

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Quote from: paramind22 on June 03, 2021, 06:26:50 PM

There's PandaCoin

https://bitcointalk.org/index.php?topic=1960307.1260;topicseen

and LiteDoge

https://bitcointalksearch.org/topic/annldoge-litedoge-such-fast-such-stake-wow-proof-of-stake-20-1308769

I know there are many more but not sure about the others that are still around and family friendly.

Meme coin isnt a investment tools, its a coin for community. I mean the value is getting bigger while the community grows, so the older one isnt always a good picky if you want to have an entry.

Topic: Are the older Meme coins a good investment? - page 3. (Read 1153 times)