Are we already in meme coins mania? - page 3.

CaVO32

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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.

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.

South Park

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Quote from: imstillthebest on July 23, 2021, 04:37:23 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

Almost anything can be profitable the issue is if we can somehow replicate this process to make it to rely on our skill instead of our luck and unfortunately this cannot be done, people are just gambling with their money by investing in those coins, and if they were going to gamble their money away they might as well just gamble directly in a casino, the odds to win will be better and they may have some fun in the process, unlike with what happens with those useless coins.

mindrust

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Quote from: wwzsocki on July 24, 2021, 02:13:22 PM

Totally no products, no communities, all of them just stared, I always wonder who buys such shit on ATH?

That's the whole point of a pump&dump shitcoin. They are not in the building a community business. They are the modern day pyramid schemes.The people who buy these at their ATH's expect the ongoing bull run to last a bit longer so they can dump their stash on somebody else. That's how pyramid schemes work.

semobo

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Meme coin category wasn't exist before the Doge hype by Elon Musk so this is actually a new trend followed by a successful hype. Meme coins has no utility at all but still people are ready to invest on it with the hope of getting returns in short time.

Golftech

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Quote from: Johnyz on July 24, 2021, 04:58:59 PM

Quote from: indo1 on July 23, 2021, 07:32:30 PM

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

That’s right, Elon started and ended the hype believing on this guy made a lot of troubles into new investors, the hype was gone now and the new trend is the NFT games. Meme are useless token with no purpose at all, I’ve seen many at BSC platform and seriously, most of them are dumping hard right now which I believe will last until the next cycle of the market.

The trends keep on changing so better to keep yourself active with how things works around the market,

Many traders lose as they think that following the hypes gives them good amount of compensations but

in reality, they are just risking with time and if they made it wrong everything will lose, means that investment

will fly away with the market dumped.

Desmong

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Quote from: Slow death on July 24, 2021, 05:21:56 PM

we can't blame elon musk, we have to blame the many greedy crypt market and the many scammers who create altcoins just because they see elon musk backing some altcoin meme, that shouldn't be a reason to start popping a lot of altcoin meme, it's sad and It's shameful what you see in this cryptocurrency market. in the past it was altcoins named after japanese food, now it's altcoins named after dogs, and then what's next? already altcoins named after jesus, altcoins named after Japanese food, altcoins named after dogs, what else is missing?

Very soon the altcoin market will soon become something else looking at the rate at which careless and useless meme coins are trooping the market without any filtering of these coins making the crypto market to become more risky for investors who are looking for good coins to invest in. The persistent of these meme coins post a great obstacle and threat to the crypto market in general, increasing the numbers of victimized investors, making it hard for previous scammed individuals to increase their urge for crypto investment and trading.

Noruka

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Quote from: mindrust on July 24, 2021, 06:19:12 AM

Quote from: Noruka on July 19, 2021, 03:20:45 PM

Quote from: mindrust on July 19, 2021, 01:20:30 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.

Hilarious. Directly to the point.

If this was on a more reputable exchange I would buy some just for the lulz. Cheap as f too. What do you think? Can it make x100 easily from here? Might worth a try. Grin

All it needs to is one x100 and it can die in peace.

Haha yes, regardless of liquidity. Go 100x with literally a non-existent order book because the team holds 95% of the supply and then call it a day: "we've delivered on our promises!"

Well, according to that logic a lot of coins did not die in peace. Or maybe I just failed at decrypting the cryptic language in the white papers and they in fact all reached their goals. Good old times when the white papers became more and more buzz wordy Cheesy

I once read something like "we may or may not reach our goals, depending on various circumstances". Does that mean they may or may not scam us, depending on various circumstances?

Dewajuna09

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meme coin is a topic that is widely discussed by traders. The dynamics of meme coin are a lot. there is a sudden rich or bankrupt suddenly. considering the price is very volatile and the price movement is very fast. The famous coin meme started with the unnatural rise of doge coin.

Slow death

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we can't blame elon musk, we have to blame the many greedy crypt market and the many scammers who create altcoins just because they see elon musk backing some altcoin meme, that shouldn't be a reason to start popping a lot of altcoin meme, it's sad and It's shameful what you see in this cryptocurrency market. in the past it was altcoins named after japanese food, now it's altcoins named after dogs, and then what's next? already altcoins named after jesus, altcoins named after Japanese food, altcoins named after dogs, what else is missing?

Johnyz

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Quote from: indo1 on July 23, 2021, 07:32:30 PM

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

That’s right, Elon started and ended the hype believing on this guy made a lot of troubles into new investors, the hype was gone now and the new trend is the NFT games. Meme are useless token with no purpose at all, I’ve seen many at BSC platform and seriously, most of them are dumping hard right now which I believe will last until the next cycle of the market.

Quidat

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Quote from: indo1 on July 23, 2021, 07:32:30 PM

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

You are right! The hype was gone when Elon had made out those claims which is totally opposing communities interest and even attack bitcoin which turns out that everything that he's trying
to engage on or do make out some tweet doesnt really make out some effect a of this moment. Meme coin mania? Yeah it did happen if you do look out on how many coins had
followed on the trend but look at them now? Majority of them are on reds or negative.Feel sorry into those investors who had bought into the peak or top.
For sure they are struggling on seeing their portfolio on on reds.

teosanru

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Quote from: Noruka on July 24, 2021, 02:45:40 AM

Quote from: ethereumhunter on July 22, 2021, 03:00:31 AM

Quote from: Noruka on July 21, 2021, 11:00:27 PM

Quote from: teosanru on July 21, 2021, 11:50:59 AM

I think mene coin mania is over now. It actually lasted only at the time of bull run, now that bull run is over I don't think meme coins are going to last a long way. It was the big volumes which was giving these coins big boosts. In bear run these coins won't even be able to hit their IEO price. Moreover after what Vitalik did these meme coins actually failed terribly so we don't really need to worry about these coins.

Who knows whether it is really over. Memes are a wide field. For now it related a lot to dogs and frogs and I don't know... Cheesy

But you can turn a lot of things into memes. You can turn Trump into a meme. Therefore we will see more meme coins coming, but we will probably not have another DOGE.

Doge will still Doge and it can not replace by the other meme coins. The trend for meme coins already end but it could rise again as we can not predict what will happen in the future. But playing on the meme coins can tempt people to become greedy because they already make a big profit from Dogecoin and still want to make another profit from the other meme coins. But they need to wait for more to see if the meme coins will have the chance to rise.

No, "meme" is a timeless term. It just depends on the social/political/economic circumstances that might lead to another meme coin. You could think of all kinds of events in the whole world and if then somebody starts a coin that in a certain sense relates to that event, you get really close to already call it a meme coin. Meme coins are not necessarily only about dogs or other animals.

Meme might be a timeless term but meme coins aren't timeless once people lose a lot of money in them most of the people will become aware about how these coins are just fake and Don't provide any real value just like the idiotic ICOs went down the drain. But yes there would be another such thing which would definitely take away the money of innocent investors again. There are many sharp brains who know how to make money from idiots.

wwzsocki

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Quote from: mindrust on July 24, 2021, 06:19:12 AM

... What do you think? Can it make x100 easily from here? Might worth a try. Grin

All it needs to is one x100 and it can die in peace.

This is for sure possible, like I have written in opening post, I don't reveal the names of these meme shitcoins, but I have seen few only in last two weeks that pumped 800, 400, 100X

Pure pump and dump of course, as we can see the first pump was the most spectacular, next once pumped much lower but still 400 or 100X in a day or two is a lot.

Totally no products, no communities, all of them just stared, I always wonder who buys such shit on ATH?

mindrust

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Quote from: Noruka on July 19, 2021, 03:20:45 PM

Quote from: mindrust on July 19, 2021, 01:20:30 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.

Hilarious. Directly to the point.

If this was on a more reputable exchange I would buy some just for the lulz. Cheap as f too. What do you think? Can it make x100 easily from here? Might worth a try. Grin

All it needs to is one x100 and it can die in peace.

Noruka

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Quote from: ethereumhunter on July 22, 2021, 03:00:31 AM

Quote from: Noruka on July 21, 2021, 11:00:27 PM

Quote from: teosanru on July 21, 2021, 11:50:59 AM

I think mene coin mania is over now. It actually lasted only at the time of bull run, now that bull run is over I don't think meme coins are going to last a long way. It was the big volumes which was giving these coins big boosts. In bear run these coins won't even be able to hit their IEO price. Moreover after what Vitalik did these meme coins actually failed terribly so we don't really need to worry about these coins.

Who knows whether it is really over. Memes are a wide field. For now it related a lot to dogs and frogs and I don't know... Cheesy

But you can turn a lot of things into memes. You can turn Trump into a meme. Therefore we will see more meme coins coming, but we will probably not have another DOGE.

Doge will still Doge and it can not replace by the other meme coins. The trend for meme coins already end but it could rise again as we can not predict what will happen in the future. But playing on the meme coins can tempt people to become greedy because they already make a big profit from Dogecoin and still want to make another profit from the other meme coins. But they need to wait for more to see if the meme coins will have the chance to rise.

No, "meme" is a timeless term. It just depends on the social/political/economic circumstances that might lead to another meme coin. You could think of all kinds of events in the whole world and if then somebody starts a coin that in a certain sense relates to that event, you get really close to already call it a meme coin. Meme coins are not necessarily only about dogs or other animals.

indo1

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Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

Teraboy

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a trend like this will only pump and then dump because it is only a temporary hype, the lack of function of the coin meme is the cause of the lack of durability of the meme trend, only quality coins and have great fundamentals will be able to survive in the crypto market.

Agreed and the trend of meme coins has gone just in a few months. The NFT trend was farr better than the meme coin trend. meme coin mania already faced bunch of the scam coins because the scammers were only generating more and more scam token to be sold to fool people. It seems like that NFT trend will become a long time trend.
More and more game got introduced and this is pretty interesting.

imstillthebest

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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

kawetsriyanto

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I don't think so that "we" are, but some of us maybe.
Moreover, when it goes to newbies who are trapped with the hype of meme coins, they are mostly getting on them.
Well, the hype will always happen and also continue every time, depending on what triggers that are being popular at that toime. As what happened to Dogecoin that can pump really high because of Elon Musk and also other good news.
Then, there are emerging many meme (shit) coins following, trying to be better and better than Dogecoins. Saying that they are offering much better fundamentals than Doge and many others. but in fact, they are still "a meme (shit) coin)".

South Park

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Quote from: isaac_clarke22 on July 19, 2021, 03:01:50 PM

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

~

It all just started when a certain rich guy hyped it up. I wouldn't call it meme coins mania just yet, though I doubt it will happen anyway. Let's just see how long can they still last on their shillings because surely there will be point that these people will sell their coins.
NFTs going crazy right now here in my country as well and it is just because of a simple game.

It was not only because of what Musk did, there was another group of people that decided they wanted to pump dogecoin and this is why the price went up so fast, however people are losing perspective, they think they can invest in any coin and earn a fortune and this is simply not true, however it seems they are going to have to learn their lesson the hard way once those coins begin to crash as there is nothing behind them except hype.

Topic: Are we already in meme coins mania? - page 3. (Read 854 times)