Are we already in meme coins mania? - page 2.

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Quote from: lalabotax on July 30, 2021, 05:02:22 PM

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

Don't say maybe, we are not memecoin mania lol, someone will become memecoin mania when already invested in it, and unfortunately if we look at the facts, only beginners like memecoin.
Like Dogecoin, I don't invest in it and never buy it at all even though the hype is very high, I'm sure a lot of old players are like me because memecoin is just a coin for fun not for long term investment.
Memecoin will be the same as the trend in previous cryptocurrencies such as ICO or Privacycoin trend, only some will survive and others will become scams because they are abandoned by developers.

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Quote from: lalabotax on July 30, 2021, 05:02:22 PM

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

We have to be smart, we need to ride with the hype but cautiously if we want to gain from short term investment, actually we can maximize profit with the hype coin as it will easily attract newbies just like they are getting FOMO to invest. Trend changes from time to time for new coins, but the old coins like Binance and ETH, will stay consistent, so make sure your biggest portfolio goes with them.

lalabotax

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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

Princejebs

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I see this is just a project that the hype is so crazy about, they just focus on raising big funds after that this meme is gone and is a scam, many people expect big results on the project but just a scam to get. This meme has started happening since the beginning of the year, but has always failed in its pursuit. And always produce a new NFT which ends in failure.

Not all are focus on raising huge fund. Their are some with soft cap of 50 bnb and all well hype and still on coin gecko with low trading volume. While some are legit and trying everything to make awareness to people but the major set back of this tokens are fast profits. The moment presale investors cashout their money, they move next to the next project and the circle continues except with the NFT Airdrops that keep some and also farming as well.

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Quote from: arifteguhr on July 30, 2021, 02:08:57 PM

A mistake I think can still be corrected, but if the fault was with the meme coin, it would be very silly and irreparable because anything to do with the meme coin, it will all end when the meme coin holders simply throw it on the market.

And that's bound to happen, those holders doesn't have anything in their minds but to dump it as soon as they've seen that it's already profit on their end.
There's no need for them to hold it for a longer time if there's already enough profit that they've got with those meme coins that they hold.

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Quote from: wwzsocki on July 18, 2021, 04:03:56 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

I think the peak of "Meme coin" mania coincided with the peak of Bitcoin (naturally) and was also around the time of the Gamestock short squeeze. That tells me that a lot of people, probably many from the USA, had a lot of cash available to spend. It is unsurprising really because people are always looking for a shortcut to wealth and Covid created a very bizarre distribution. You either had people who were really struggling because their jobs vanished (but they still got some stimulus) and you also had people who continued working all the way through, with less places available to spend their cash (like on holidays or cars) - that were eager to take a chance on these mysterious new crazes that made people very rich if they timed it right.

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Quote from: LogitechMouse on July 27, 2021, 10:47:33 PM

Quote from: Noruka on July 19, 2021, 04:20:45 PM

Quote from: mindrust on July 19, 2021, 02:20:30 AM

I don't think this is a long term mania phase. Shitcoins moon and die all the time even in the bear market. That's nothing new. There will always be another alt that claims to be the next x100 coin and sometimes it really is, until it goes to zero. The coin you linked to isn't anything special. It is just good old pump dump.

The best coins are those who even call themselves 100x coin! Guaranteed profit, why else the name? Since it fits your comment:

https://coinmarketcap.com/currencies/100xcoin/

Pump and dumps everywhere.

It has been for a long time.
I don't know if the developers of that coin are either desperate to get some money or its their way to lure some newbie investor out there. Either way, it will remain as a shitcoin and it will always be Cheesy

.

A quick search on google and this is the definition of a meme coin:

Quote

Meme coins are cryptocurrencies that have gained popularity in a short amount of time, usually as a result of influencers and retail investors promoting them online

There has been a time where meme coins are really hyped. Coins such as Shiba Inu, Akita Inu and the like are ones that became popular but for a short amount of time only. Right now, I rarely hear some meme coins out there that is becoming popular because most of the time I only see this NFT tokens online. NFT based games are for me the popular right now and meme coins? Maybe they aren't that popular right now.

I consider all coins that are making fun of something or are rather meant to be a joke a meme coin. The weird thing is that if a big name gets behind it (like was the case with Musk and Dogecoin), these meme coins can seriously start flying. Shiba was another example, but those particular trends come to an end at some point. However, topics that are suitable for meme coins will be there forever. It could be about politicians, animals or maybe even soccer players who behave bad. They are almost always just for pump and dump though.

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Quote from: bastian466 on July 28, 2021, 10:28:45 AM

What if they do it wrong ? what they get for novice investors who get carried away by hype season with minimal experience and little knowledge, meaning just rely on luck as you said, I think coin meme are not good for long term investment even buy when price is still cheap

A mistake I think can still be corrected, but if the fault was with the meme coin, it would be very silly and irreparable because anything to do with the meme coin, it will all end when the meme coin holders simply throw it on the market.

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Quote from: ShowOff on July 29, 2021, 01:09:01 PM

As one xperienced forum user, I'm sure you have a way of filtering which projects you should support and invest in...

I think you should read all my comments in this thread also OP because you clearly understood me wrong.

I am not interested in meme coins at all and wonder how is this possible that so many of them are pumped and even alive for some time with supporting communities.

This is what makes me really surprised, that people learned totally nothing from Doge and still hope that every other meme shitcoin will do he same.

I researched this topic a bit deeper and checked how many new meme coins was started only in last 2 months, I was able to find 80 and am sure that I missed many on chains I haven't checked because it was only on ETH and BSC, and we have many other active chains already like Tron where they pop up like crazy too.

this what we talk and wonder here, nobody talks about buying them or advertise meme coins, quite the opposite.

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Quote from: wwzsocki on July 29, 2021, 12:52:26 PM

Pure pump and dump and all these meme coins are the biggest shitcoins I have ever seen. I had hard time to accept DeFi or NFTs but these projects at least has some decent roadmaps, teams, products, not all of them of course but many. Compared them to meme shitcoins then they are loaded with value.

As one experienced forum user, I'm sure you have a way of filtering which projects you should support and invest in. I also believe that you don't have to trust and support everything even if you have faith after doing the analysis. Shitcoin can be found anywhere and anytime even they keep flooding the market at a price of $0.0000000 (don't know exactly how many more 0 I should write) but we should ignore them and don't be attracted by pump and dump.

wwzsocki

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Quote from: lixer on July 29, 2021, 06:35:51 AM

...Scammers are always taking advantage of times like this, when they see a trend they follow up with it and starts spamming the market with their traps and those who end up falling for it are scammed of their hard earned money which is very bad.

Totally agree with you, is exactly what I think and what I also see on the market in last months.

Last few weeks this is like apogeum of this, meme coins with "funny" names with Elon or Doge incorporated in them are everywhere.

Of course majority of investors that are total newbies, also scammers that are orchestrating all these new presales are divided to old once that already made few meme coin and totally new once that are in crypto from the time of Doge pump and try to start their own.

What is funny many of this "developers" and "leiders" is happy with their past achievements and advertise these all newly launched projects as their proof of work, especially, if they pumped significantly after launch. Of course, now majority of them is already abandoned.

Pure pump and dump and all these meme coins are the biggest shitcoins I have ever seen. I had hard time to accept DeFi or NFTs but these projects at least has some decent roadmaps, teams, products, not all of them of course but many. Compared them to meme shitcoins then they are loaded with value.

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Quote from: bastian466 on July 28, 2021, 10:28:45 AM

Quote from: imstillthebest on July 23, 2021, 05:37:23 PM

obviously we are because there is meme coins everywhere we go . people are expecting that there will be a next doge coin and shinlba inu so they are buying many kinds of meme coins as early as they can or as long as the price is still cheap . theres also defi and nft . they are not over yet especially nft that is starting to get popular again .
the three of them has their own level of risk but they can be profitable too if done right or if we get lucky

What if they do it wrong ? what they get for novice investors who get carried away by hype season with minimal experience and little knowledge, meaning just rely on luck as you said, I think coin meme are not good for long term investment even buy when price is still cheap

Precisely. Look at how the hype is slowing down and the investors are getting bored about it. They are just made for profits and average investors or small ones will not even feel it. Large investors like Elon Musk will be the ones swallowing all the profits from the small investors.
I'd rather stick with NFT's that is being supported by the mass and not by billionaires who are stressed out having troubles on how they will spend their money and playing around with little fish to rekt them.

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Quote from: wwzsocki on July 18, 2021, 04:03:56 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.

Yup, that’s just what we have moved into, this is their time. Since Dogecoin came to light there has been so many shitty coins that came along with it. Lots of scammers has been popping up here and there. I do see a lot of them with their funny names. I have even seen some that are named after Elon Musk during the time he was trending, just some really funny shitty coins that keeps coming out everyday and a lot of people have been falling for it.

Scammers are always taking advantage of times like this, when they see a trend they follow up with it and starts spamming the market with their traps and those who end up falling for it are scammed of their hard earned money which is very bad.

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Quote from: imstillthebest on July 23, 2021, 05:37:23 PM

obviously we are because there is meme coins everywhere we go . people are expecting that there will be a next doge coin and shinlba inu so they are buying many kinds of meme coins as early as they can or as long as the price is still cheap . theres also defi and nft . they are not over yet especially nft that is starting to get popular again .
the three of them has their own level of risk but they can be profitable too if done right or if we get lucky

What if they do it wrong ? what they get for novice investors who get carried away by hype season with minimal experience and little knowledge, meaning just rely on luck as you said, I think coin meme are not good for long term investment even buy when price is still cheap

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Memecoin trend is still on and people keep putting their money in it. At sometime though, this memecoin trene is going to fade out and other trend will take the center of attention. I do not think any exchange or cryptocurrency related website can be blame for vetting. I have seen a situation where there is boldly written disclaimer about a certain coin and yet, people still invest!

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Quote from: stadus on July 18, 2021, 04:49:55 PM

...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...

Elon Musk was not the first to pump Dogecoin. About a year ago, a challenge appeared in the TikTok service, offering everyone to buy coins in the amount of $25. According to the calculation, in the event of an increase in the price of Doge to $1, everyone should have received a profit of $10 thousand. And a year later, thanks to Elon Musk, when the price rose to 75 cents, those who bought Doge in the amount of $ 25 could sell coins for 7.5 thousand dollars.

wwzsocki

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This is insane I see more meme coins launching everyday, just can't believe it, there is still market for this because these shitcoins are traded to my big surprise.

Of course super micro caps but still, I just can't believe there are people willing to spend even 1$ on this.

I have seen 7 presales in last 2 days, with DeFi it was easy but with meme coins this is super easy, they even don't have to pretend that this is something decent, no WP, nothing.

Crazy times we have now on crypto markets and looks like this mania keep growing everyday.

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Quote from: Noruka on July 19, 2021, 04:20:45 PM

Quote from: mindrust on July 19, 2021, 02:20:30 AM

I don't think this is a long term mania phase. Shitcoins moon and die all the time even in the bear market. That's nothing new. There will always be another alt that claims to be the next x100 coin and sometimes it really is, until it goes to zero. The coin you linked to isn't anything special. It is just good old pump dump.

The best coins are those who even call themselves 100x coin! Guaranteed profit, why else the name? Since it fits your comment:

https://coinmarketcap.com/currencies/100xcoin/

Pump and dumps everywhere.

It has been for a long time.
I don't know if the developers of that coin are either desperate to get some money or its their way to lure some newbie investor out there. Either way, it will remain as a shitcoin and it will always be Cheesy

.

A quick search on google and this is the definition of a meme coin:

Quote

Meme coins are cryptocurrencies that have gained popularity in a short amount of time, usually as a result of influencers and retail investors promoting them online

There has been a time where meme coins are really hyped. Coins such as Shiba Inu, Akita Inu and the like are ones that became popular but for a short amount of time only. Right now, I rarely hear some meme coins out there that is becoming popular because most of the time I only see this NFT tokens online. NFT based games are for me the popular right now and meme coins? Maybe they aren't that popular right now.

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Quote from: CaVO32 on July 27, 2021, 07:53:16 PM

Quote from: ?? on ??

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.

But some people like to jump on this kind of hype for the hope that they will get rich fast. However, very few meme coins/tokens will survive as most of them have empty foundation to begin with. Although people are still creating a lot of meme tokens, only few of them will make it in the market. So be careful in choosing meme project to invest with or better yet, not invest on them at all. Just stick to top projects with active use case.

Jump into meme coin project is just like a gambling in cryptocurrency because meme coin doesn't have any future roadmap and don't have the purpose of the coin itself. People buy it also because they want to get a quick profit, so it will just an in and out game. If you can get in and the right time and get out in the right time you will get a quick profit but actually i hate it because it can make cryptocurrency image looks bad from other people eyes out there

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Quote from: ?? on ??

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.

you have your own risk management to in which project will involved or not. buying coin that build reall utility will make the coins value naturally growth not flash pump that common happen in shitproject. We've see many meme coins hardly pumped in market and hardly drop too so many traders rekt. We should not trapped in this condition due there are alot better quality in this market.

Topic: Are we already in meme coins mania? - page 2. (Read 794 times)