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Topic: Are we already in meme coins mania? (Read 854 times)

member
Activity: 746
Merit: 10
https://axiomapay.com/
August 02, 2021, 02:24:07 PM
I think so too, we can see for ourselves that nowadays there are lots of new meme coins launched, meme coins are getting more attention lately because they are brought by most influencers like Elon did with Doge. meme coins have a high profit ratio in one night and of course have a high investment risk as well. Please be careful and more selective when trading any meme coins.
sr. member
Activity: 1008
Merit: 250
August 02, 2021, 02:20:30 PM
Yes, we have passed that stage, meme coins will not last long because there is no support so there are no strong fundamentals to keep happening, meme coins also occur when there is real manipulation and only a few are willing to buy meme coins and maintain it in the long term.
The meme coin was born when there was a growing trend and good enthusiasm from everyone so it was taken advantage of by scammers who like to develop meme coins and then create fake projects, but look like very legitimate projects.
sr. member
Activity: 1512
Merit: 397
PredX - AI-Powered Prediction Market
August 02, 2021, 11:38:05 AM
i think we are passing this mania stage
these meme coins, they are actually super illiquid and they aren't pumped by a lot of retail money, but rather by pure manipulation
once the scrap of retail is gone, there will be no point in pumping these meme coins because no one will be willing to buy them
Yes, we have passed that stage, meme coins will not last long because there is no support so there are no strong fundamentals to keep happening, meme coins also occur when there is real manipulation and only a few are willing to buy meme coins and maintain it in the long term.
hero member
Activity: 1680
Merit: 506
Trphy.io
August 02, 2021, 09:25:50 AM
Yeah we are into it now. I am seeing projects emerging having the name dog species and same purpose as Doge. Some are even trying to be DeFi in their vision and having that the same tax distribution where if you hold more, you'll earn more.
This is probably because of what Elon has started. Shilling meme and now people wants to create one.
It could be like that and the people who made it think that at this point is an opportunity to make more memes and earn money through some unsavvy investors, even though the developers themselves can't guarantee how long their meme coins can last in the market.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
August 02, 2021, 07:45:30 AM
Sorry guys,,, mania has come and mania has stayed, but the price following the mania has come and gone. Come back again in 3 or 4 years I guess:)

Meme coin mania is a indicator of how people are inconsequential with their money. Instead of investing in something worthful they play with their money putting it in coins which don't have any real value, just for kidding. It looks like they don't worry about their money at all. Unfortunatelly many investors who can't waste money follow these hypes and end losing funds they couldn't afford to lose.
In my opinion this kind of investment should be avoided, since it is just an upgraded version of old ponzi schemes.

That just basically describes human nature. Memecoins and ICOs and Ponzi coins will always be popular at some stage when there is enough wave of new people coming in to give their money to old people. Greed is never far off from the motivation of these guys. HYIP threads are still popular and people still come in to try their luck.
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
August 04, 2021, 03:27:38 PM
I think we have reached the end of this discussion, I will close it now to avoid spam.

Thank you very much for all your answers, it was a pleasure to talk with you all.

Stay safe and don't invest in shitcoins, especially if you are newbie with no experience.

OK thread locked from now.
full member
Activity: 743
Merit: 110
August 02, 2021, 02:29:27 PM
First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets.

Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market.

What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once.

To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites.

For me this is little hard to understand that they do completely nothing to filter this out.

I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about.

So tell me, are we in meme coin mania already?

https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996



Sometimes those who create meme coins just take advantage of the Dogecoin bullrun. And change the way investors think that their coins will also have good value in the future. We know the journey of Dogecoin is very long, and almost all previous platforms created mining for Dogecoin, the basic purpose for advertising Dogecoin.
But the current meme coin has either weathered the crisis well, or is it just relying on the recent crypto bull run.
legendary
Activity: 2282
Merit: 1023
August 02, 2021, 01:52:32 PM
~
it all depends on how the community continues to believe in trading the meme coin.
many are making new trends this year. more and more hype from the meme project. but many also came later disappeared from the market.
this year seems to be a topic for DeFi, NFT, and the MEME Project.
Not sure how long these DeFi trend last as there are a ton of shit projects in the market and we will see what happens when the market starts its major correction and what all projects will last the test of time. NFT is attracting a different audience altogether who likes to collect art.

Yes, we have passed that stage, meme coins will not last long because there is no support so there are no strong fundamentals to keep happening, meme coins also occur when there is real manipulation and only a few are willing to buy meme coins and maintain it in the long term.
You cannot count out Dogecoin because they are accepted in almost all of the gambling sites and the fundamental is the same like the rest of the coins and the only difference is that these coins will be having a huge number of coins in circulation and Elon Musk made a trend out of these meme coins and many of the meme coins rallied over 1000% in the past few months.
sr. member
Activity: 1372
Merit: 250
Seabet.io | Crypto-Casino
August 02, 2021, 09:44:40 AM
Yeah we are into it now. I am seeing projects emerging having the name dog species and same purpose as Doge. Some are even trying to be DeFi in their vision and having that the same tax distribution where if you hold more, you'll earn more.
This is probably because of what Elon has started. Shilling meme and now people wants to create one.
It could be like that and the people who made it think that at this point is an opportunity to make more memes and earn money through some unsavvy investors, even though the developers themselves can't guarantee how long their meme coins can last in the market.
it all depends on how the community continues to believe in trading the meme coin.
many are making new trends this year. more and more hype from the meme project. but many also came later disappeared from the market.
this year seems to be a topic for DeFi, NFT, and the MEME Project.
sr. member
Activity: 1050
Merit: 250
August 02, 2021, 08:28:28 AM
Maybe.Because we know that many new meme coins are created and attracted so many newbies especially.There are high FOMO in this kind of memecoins. But as we know, only very limited meme coins are going to succeed. But inf act, it is only a hype coin where it will not last or survive for the long term. many are fallen and now it is time for the game or nft coins. I personally never interested in meme coins
Hype is over now in meme coins, alot meme project now dying and replace by NFT gaming project. only Doge coins so far that could survive and maintain price above 0,1$ meanwhile other project drop hardly and hard to recovery due  money switch from meme to nft . meme coins have no utility and investors use it speculate for gaining huge profits in short term.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
August 02, 2021, 08:07:53 AM

That just basically describes human nature. Memecoins and ICOs and Ponzi coins will always be popular at some stage when there is enough wave of new people coming in to give their money to old people. Greed is never far off from the motivation of these guys. HYIP threads are still popular and people still come in to try their luck.

Nowadays, most people come to the crypto market to make big and fast profits. and now the meme project is their choice. because with good hype there is the hope of growing investment quickly than with top market assets which may take quite a while to gain the best market momentum.
sr. member
Activity: 1022
Merit: 252
August 01, 2021, 11:48:55 PM
First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets.

Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market.

What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once.

To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites.

For me this is little hard to understand that they do completely nothing to filter this out.

I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about.

So tell me, are we in meme coin mania already?

https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996



Meme coin is just a quick hype because people want to gamble their luck into a quick profits. It's different from NFT i think, NFT is a really good technology environtment which if combined with games is really make a powerful and valuable platform. If we look at Axie, it's not just a hype but there are also strategy to play the game and make money from it. So i think in the future there will be many new NFT games that will popular on the market
full member
Activity: 658
Merit: 103
August 01, 2021, 11:44:20 PM
#99
First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets.

Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market.

What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once.

To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites.

For me this is little hard to understand that they do completely nothing to filter this out.

I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about.

So tell me, are we in meme coin mania already?

https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996


Yeah we are into it now. I am seeing projects emerging having the name dog species and same purpose as Doge. Some are even trying to be DeFi in their vision and having that the same tax distribution where if you hold more, you'll earn more.
This is probably because of what Elon has started. Shilling meme and now people wants to create one.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
August 01, 2021, 11:07:43 PM
#98
Meme coin mania is a indicator of how people are inconsequential with their money. Instead of investing in something worthful they play with their money putting it in coins which don't have any real value, just for kidding. It looks like they don't worry about their money at all. Unfortunatelly many investors who can't waste money follow these hypes and end losing funds they couldn't afford to lose.
In my opinion this kind of investment should be avoided, since it is just an upgraded version of old ponzi schemes.
hero member
Activity: 2002
Merit: 535
August 01, 2021, 03:09:23 PM
#97
NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it.
The meme coins got it attention because of the constant shilling by Elon Musk and now there are many meme coins in the market that gained momentum and new meme coins are coming out and new users are jumping into the market expecting they could make money with every new meme coins that are launched.

If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.
I am still trying to wrap my head in this craze, yes i have seen games being launched and with time we might see more NFT games that are really interesting to play but the concept is great but i am not sure why you would spend thousands of dollars of digital arts is still beyond my understanding.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
August 01, 2021, 02:59:20 PM
#96
I don't participate in shitcoins like that because it will only make my assets trapped and lost there, I prefer to buy coins that have real potential and can provide a profit, even though the price movement is very slow it's not a problem, bitcoin will still be the best and I will support by buying as much as I can for long term investment.
And you are doing the right thing, people are getting too excited about those coins when truth to be told there is no way for those coins to become successful over the long term, maybe you can make money with those coins by speculating with them but taking into account how easy it is to create those coins and how many of those coins we have already you are basically gambling at that point and not investing, and gambling and investing are really different activities and yet it seems that people do not really understand the difference.
People should really be aware on that risk that whenever there's a hype then it would be expected that there would be projects that do pop out into the market and would join up the craze
because they do know that they can possibly get some potential investor or buyer on whats the current trend example which is meme coin where most people would be finding or seeking
out other projects which they do saw that could have potential to rise up but honestly they arent really giving out some significant changes or uses or utility which makes them more
special compared to the original one and thats Dogecoin.When it comes to trend then it is gradually been over as of now.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 01, 2021, 02:51:53 PM
#95
I don't participate in shitcoins like that because it will only make my assets trapped and lost there, I prefer to buy coins that have real potential and can provide a profit, even though the price movement is very slow it's not a problem, bitcoin will still be the best and I will support by buying as much as I can for long term investment.
And you are doing the right thing, people are getting too excited about those coins when truth to be told there is no way for those coins to become successful over the long term, maybe you can make money with those coins by speculating with them but taking into account how easy it is to create those coins and how many of those coins we have already you are basically gambling at that point and not investing, and gambling and investing are really different activities and yet it seems that people do not really understand the difference.
full member
Activity: 896
Merit: 108
July 31, 2021, 04:59:39 PM
#94
---

NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it. If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.
meme coin really only relies on hype and the power of the community and influencers to get pumps. it's for a quick profit and then a dump, with no obvious real function, meme coins won't last very long, as you say, and it's really only influenced by the hype. it would be great if you were a dev who innovated to combine them so that they have more real functionality.
on the other hand, NFT has a clear function and purpose, this will be a pretty good trend one day. moreover, it can involve more people, involve more niches, although currently the most prominent is from the game.
hero member
Activity: 2268
Merit: 588
You own the pen
July 31, 2021, 03:37:15 PM
#93
Maybe we are, but I would say this is not good as they don't have good potential in the future.

Elon Musk should be the father of meme coins as he started it with Dogecoin that makes people believe it will rise even $1.
Maybe it's the current hype but like I said it will not last, these people who ride on it now will definitely regret it in the future.

Crypto investment is risky but it will become risky if we don't check the fundamentals of the coins we are investing, instead, we follow the hype.

NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it. If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
July 31, 2021, 02:09:30 PM
#92
...these mysterious new crazes that made people very rich if they timed it right.

I agree with you on this, well written, I wish I had merits to reward you, hope some merit sources will read it.

This so true this hall craziness with corona, stimulus and money printing for sure helped to pump BTC to 65K

Of course we need to remember that USA is not hall world and there are countries with smaller pockets and there a lot of people struggle because they got not enough support when lost their jobs or need to stay at home because of pandemic.

Still, I can't find one reason to invest in all these meme shitcoins, and keep wondering how big this market is if they keep popping up like crazy, these only shows that they close successful presales and pump them later, then repeat the process with another, much better meme coin  Wink Grin
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