Are the older Meme coins a good investment? - page 5.

Shasha80

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Quote from: Bitstar_coin on June 09, 2021, 09:59:21 PM

Why would you consider them to be a good investment! Just because they are older don't make them suddenly useful in the crypto space, all this meme coins whether old or new are just for price speculation, they have no real contribution to blockchain, they are as the name indicates, I know the recent pump in dogecoin has made many to change their perception on meme coins, but that is what it is, a pump and eventually dump, better to invest in project.

It's true not because Dogecoin is an old project and still survives today, even managed to rise drastically this year making it a good investment choice. Sometimes we get too influenced by famous people like Elon Musk, to forget to do the analysis and research that we do ourselves. To me all meme coins
are the same, they don't have the functionality that crypto users really need. Meme coins are just a tool used by whales to pump and dump. So be careful
if we want to invest in meme coins, it's better to invest in the short term if you want to try investing in meme coins.

Dadan

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Quote from: ahsanif on June 09, 2021, 06:15:57 PM

old coins whose projects are still running are also good for investment, especially if there is a large burn
i don't dare speculate even though people call it the next doge or next shiba inu

There are many olds coins out there, and not all are good for investments. So, I would instead invest in more popular and bigger market value like ETH, ADA, and BNB.
You will probably gain a profit there if you know what you're doing. Dogecoin and Shiba Inu are rival coins, and they are the hot topics right now. That's why many people are getting interested in both coins.

Bitstar_coin

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Why would you consider them to be a good investment! Just because they are older don't make them suddenly useful in the crypto space, all this meme coins whether old or new are just for price speculation, they have no real contribution to blockchain, they are as the name indicates, I know the recent pump in dogecoin has made many to change their perception on meme coins, but that is what it is, a pump and eventually dump, better to invest in project.

poodle63

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Quote from: ahsanif on June 09, 2021, 06:15:57 PM

old coins whose projects are still running are also good for investment, especially if there is a large burn
i don't dare speculate even though people call it the next doge or next shiba inu

every meme coins proclaim themselves as the next doge or shiba inu while in reality they aren't, it takes so much capital to bring these two meme
coins to this price and i doubt another meme coins gonna grow as big as doge or shiba.
I think it's better for you to invest to good, long standing coin instead, you see BNB it never lacks the ability to pump the coin since
though some people not prefer it due to it being heavily influenced by binance, while some also favour it, however if you want the best investment for long term then bitcoin.

Kelvinid

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win lambo...

It is a big NO. Why? Because these projects have no future, they are just like a decoration in the market and at any time they can be pulled out which makes investors lose their money so easily. I don't think we want that to happen.

I can tell you that, never make decisions that you could just regret later. Since you have a plan already investing in crypto why not you have to invest those who have been tested and proven? You are already secured and might give you a chance to double or triple your returns if got so lucky.

AmoreJaz

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Quote from: Sanitough on June 09, 2021, 04:55:38 PM

First, I like to ask, what do you think is the purpose of Meme coins? Is it useful now and in the future?

If the answer is yes, then probably you have to study the comparison of the new and the old, but it doesn't matter a lot since it always depends on how people embrace it. Since the market is still manipulated, it's hard to know which is more successful, just like DOGE, we think it will go stagnant but once man shill for DOGE, then everyone goes crazy, that's insane.

doge got lucky because it was chosen by known personality in the name of elon musk. without him, doge will still be the same. but at least, this old memecoin has wide market to begin with, unlike other meme coins. as mentioned by OP, pandacoin and litedoge >> i dont think they can follow the journey of doge. better invest your funds in projects with actual use case like eth or bnb. dont aim that you will get rich from investing on meme coins. better opt for alts with real applications in the market, you have better chance to gain profits from this kind of project.

ahsanif

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old coins whose projects are still running are also good for investment, especially if there is a large burn
i don't dare speculate even though people call it the next doge or next shiba inu

abel1337

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Quote from: Sanitough on June 09, 2021, 04:55:38 PM

First, I like to ask, what do you think is the purpose of Meme coins? Is it useful now and in the future?

If the answer is yes, then probably you have to study the comparison of the new and the old, but it doesn't matter a lot since it always depends on how people embrace it. Since the market is still manipulated, it's hard to know which is more successful, just like DOGE, we think it will go stagnant but once man shill for DOGE, then everyone goes crazy, that's insane.

I don't know why do people want to risk their funds into some kind of shitcoins like all the other meme coins around here. It's just crazy that when DOGE value rise, People are creating, finding, and investing in this kind of coin where the risk is just too high. It would be better if they will settle on fundamentally strong tokens out there that can rise up in value over time.

Meme coins are just for memes and should not be considered a good investment.

Sanitough

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First, I like to ask, what do you think is the purpose of Meme coins? Is it useful now and in the future?

If the answer is yes, then probably you have to study the comparison of the new and the old, but it doesn't matter a lot since it always depends on how people embrace it. Since the market is still manipulated, it's hard to know which is more successful, just like DOGE, we think it will go stagnant but once man shill for DOGE, then everyone goes crazy, that's insane.

South Park

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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.

If you have to ask then you already have your answer, meme coins are popular for a time and then the excitement on that coin dies down and then everyone forgets about them and the coin dies down, dogecoin is an exception to all of this but that is because it has gained notoriety as the best meme coin of all and despite its status it has some uses, as the time it takes for a transaction to be confirmed is extremely fast and its fees are very cheap.

int03h

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The memecoin market is diverse and most of them are just junk. I remember investing 0.5 BTC for TROLLCOIN in 2017 after it hit 100sts. I was expecting a similar jump XVG, RDD and I lost most of my money.
It is best to spend your money on a decent project that has fresh technology, applicability and a serious development team. Investing in memecoins is like gambling and often we lose all our money.

shinratensei_

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Quote from: vctr on June 09, 2021, 07:35:48 AM

this question it’s strange I think generally it’s a bad investement

It's not only bad but it's a very bad investment. These days people are only choosing the new meme coin to get into the hype and it's not more than it. it's caused by their wanna try to take the momentum to ride the bullish trend on the new meme coin. They will be dumping their bags when they have reached their target. it's very similar to gambling.
There's no reason to gamble with the old zombie meme coin that can die anytime. it's only wasting our money.

xmonkeyx

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I'm not sure about that, if we say it like that because seeing what happened to the DOGE coin is a mistake, where a meme coin that doesn't have clarity in development will certainly find it difficult to compete with the many altcoins that continue to increase at this time, let alone continue to emerge Binance smart coin that is increasingly attracting investors in the market. that's in my opinion, but if we go back in time there are so many surprises that have happened in the crypto market there is nothing wrong with believing in investing in meme coin.

chrisculanag

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I see Dogecoins as a Meme coins but there is no sure that the other Meme coins can be like Doge. This kind of investment is not safe like other said it is more risky than finding some good altcoins or good coins that have a good project in future. Investing in this kind of coins is not for long term but its is for a couple of time only. Goodluck to us about this investment , ill tried too but always failed because some of the meme coins are for short term investment to gain profit.

VanDeinsberg12

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should call it gambling instead of investment because that's exactly what it is, you're hoping to make profit out of something so RANDOM you don't know whether it's a good investment or not.

Just stick with other good coins or project if you truly want to invest, otherwise if what you aim is to gamble, then I guess that's really up to you to choose, but remember, if you can make quick profit from these meme coins, you can also go bankrupt quick from it, as many other meme coins it's zero sum game, that means in every winner, there's loser' money that got taken.

vctr

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this question it’s strange I think generally it’s a bad investement

CryptoYar

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Yes, it is good to invest in the meme coins/tokens, but if you invest in it in the early days, probably when token gets listed on pancakeswap ( pancakeswap exchange because most of the meme projects are bsc based and they list their meme token on pancakeswap.

For example, safemoon and Shiba inu gave good profit to the investors. But that doesn't mean every meme project performs the same way.

Tip:
Go to the telegram group of that project and check how strong the community is, and how many members are active. Also, check twitter for how many retweets + likes on their tweets.
As these meme projects are community-driven so make sure that community is big

Fatunad

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Quote from: wheelz1200 on June 07, 2021, 06:04:12 PM

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

snip

They are all worthless. Will people utilize low volume and pump these to line themselves with free bitcoin, yep. Does that make it a good "investment" oh my God no. Do yourself a favor and don't get caught up in all the crap. Don't buy something simply because they "meme".

Nah, they are just been dragged with the hype and since meme coins are on the billboard now then its no surprise that people would be finding something in related to it and some do even get engage with newer meme coins and some would be finding older ones and hoping that it would really be the same on what happened in Shiba which I can say that it is just purely been hyped and pumped without significant basis in terms of technical aspects or usability.
After that Dogecoin hype then I had already anticipated that shitty memecoins would be on the main spotlight.

newdevices

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I think it's dead, there used to be LLTC, LBTC, LETH and others,
and currently the price is still $0, somehow they don't follow the coin meme trend, have a look for LiteDoge,
https://coinmarketcap.com/currencies/litedoge/, at coinmarketcap alone can't be traced, yes this is a sign that old coin memes are trash

BuNga_cute

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Quote from: bekti3 on June 05, 2021, 12:07:02 PM

Quote from: BuNga_cute on June 04, 2021, 08:24:36 PM

I agree that long-term investments are strongly discouraged from investing in meme coins. Because there are no clear functions and uses for
the future, it's a bit of a gamble if we decide to invest in meme coins in the long term. There are actually many other choices of coins that are
much better than us spending our capital buying meme coins. Even if we want to invest in meme coins, we should only do it for the short term.

That's right, therefore invest in coins that really have a durable level of quality. because if the meme coin is used as an investment material, its value is increasingly losing its selling power.

I can't stop thinking about people who still believe in investing for meme coins in the long term. big risk and also will not be profitable at all. it is better to invest in Bitcoin even with a small amount of money but guaranteed continuity. than in coin memes.

Actually people who believe meme coins can make them rich, because they are influenced by other people's advice, who do not necessarily care
about our fate. I also believe people who think meme coins can make them rich, because they don't do their own analysis and research.
Because if people do research and analyze correctly on meme coins, they will realize that meme coins are not a good choice for investment.
I also prefer to use the money I have to buy Bitcoins, which are guaranteed safe and very good for long-term investments.

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