Can any meme coin challenge bitcoin in future ? - page 3.

Dunamisx

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

Memecoins cannot challenge bitcoin in the future base on what we already have on ground concerning them all, some of them have been seen to have a high potential profit making opportunity and some with high risk as well and the more they keep appearing like this, means an certainty nature found with majority of them and what investors dislike is in having the fear of missing out from any coin they are investing on, which all these are not possible if we are investing in bitcoin because it will always end into profitability if we hold instead of being scared for missing out.

kingvirtus09

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No one meme coin can challenge Bitcoin, because they are not equal in reality, I know op you know that too. But at least let me show you the difference in their features as you can see in the picture below op.

Quote

So, now, you can see that they are very different from each other, just think that Bitcoin is the oldest of all cryptocurrencies in this field industry.

Reference: https://www.linkedin.com/pulse/meme-coins-vs-bitcoin-whats-difference-relai-app/

DiMarxist

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All altcoins know that bitcoin is their elder brother so everyone respect it with that, I have seen the promoters of those altcoins have said that so the matter the competition is in the cryptocurrency they won't challenge bitcoin but they can challenge themselves in the altcoins section of the ecosystem. And that is what they are some altcoins would say they pass Ethereum, Solana or BNB etc but they can't say that with bitcoin.
The gap is too much for them to challenge bitcoin. And even in population or community participation bitcoin is more populated than all the altcoins so they can't challenge bitcoin.

aioc

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Quote from: Ngemmeng on June 11, 2024, 07:03:24 AM

I think all altcoins will definitely challenge bitcoin because bitcoin is the most popular crypto, but of course there will be no altcoin that will beat bitcoin. but the good news is that now meme coins are becoming more popular and more and more meme coins can compete and beat utility altcoins. look at doge which is now ranked 8th in the CMC, meaning doge can beat hundreds or even thousands of utility altcoins.

A few years ago, we were all writing off Dogecoin when Elon Musk shilled Dogecoin out of nowhere, and that's when the meme coin started. If Doge has a use case even without the backing of Elon Musk, it will eventually land in the top 10, but it's because of Elon Musk that we have Doge in the top 10, and since it is the father of meme coins, investors put it in the top 10.

But can Dogecoin keep it up if Elon suddenly dumps Dogecoin? Can the community that has supported Dogecoin since the start can help Dogecoin maintain its position in the market? Hopefully, they can.

bitgolden

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People who are trying to find a way to make money quicker than what seems realistic are a big trouble for our market. If you really think that something like doge or shiba could overtake bitcoin, then you are really putting a lot of money at risk, that could have helped the market but instead will crash it.

I believe that memecoins are cancerous projects to the market, it is taking so much money and making people regret their decision, and making those people stay away from bitcoin as well. I just wish that we had only bitcoin and nothing else at times, I know that's terrible, but just because of these terrible projects I do think about a world like that and I believe we could have been much better by this time if it was the case.

CK485

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Quote from: Strongkored on June 10, 2024, 08:55:04 PM

You already believe that it will never happen, so that's what most crypto lovers believe except meme-coin developers or those who are shilling one of the meme-coins for their benefit.
Never mind meme-coin, even Ethereum, which has long been predicted to start replacing Bitcoin, apparently hasn't happened until now, when Bitcoin experienced problems in terms of a congested network, causing network fees to rise high, the community was able to overcome it, but not with Ethereum, which made this coin one of the network fees are expensive, especially since meme-coin has no clear usage and will only always be used as a speculative coin for traders to make a profit.

It seems that there is nothing comparable to Bitcoin, let alone memecoins which continue to move positively, many of which have sprung up to take advantage of the momentum to gain profits, but they often exist without a clear goal. Because of this, their value per unit is generally very low, so the capital is small, the number of meme coins obtained very much, so meme coins are not supported by established cryptocurrencies like bitcoin so it is difficult compete with him.

Ngemmeng

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I think all altcoins will definitely challenge bitcoin because bitcoin is the most popular crypto, but of course there will be no altcoin that will beat bitcoin. but the good news is that now meme coins are becoming more popular and more and more meme coins can compete and beat utility altcoins. look at doge which is now ranked 8th in the CMC, meaning doge can beat hundreds or even thousands of utility altcoins.

Kristiyana

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Quote from: Bureau on June 11, 2024, 12:45:25 AM

The problem with altcoins is that not all of them are here for the long run and if we talk about meme coins then it is a phase that shall pass. The current hype will not stay that long as there are others in the pipeline like the mobile tap meme coins.

I like your observation because when we talk about if there is any altcoin that challenge Bitcoin in the future of course we should also no or understand that Bitcoin is here to stay forever while most of those altcoins has a duration to stay and they could be doing very well at a moment but the next minutes they crashed because I believe there are meme coins that started very well by showing people they have a good potential but within sometime they crashed, so lets not compare any meme coin with Bitcoin.

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Quote from: Churchillvv on June 08, 2024, 11:31:52 AM

It's true that some Altcoins might try to reach bitcoin technically but it's never possible that any coin of any kind can challenge bitcoin even the almighty Ethereum is still second to bitcoin even with it's stands ever since created, bitcoin is the root of all cryptocurrency so it's obvious that you can't bitcoin the root, there is a law in my place that says as it is outside so it is inside, relating it to bitcoin means that the more altcoins seems to be growing the more bitcoin grows beyond reach.

Bitcoin is king we can say that, no coin can challenge bitcoin even in price.

Not many altcoins are technically better than Bitcoin, they are all upgrades of Bitcoin as you have written since Bitcoin is the root. It will always remain on the top and Ethereum has been in that position of second since 2015. Other altcoins did try to challenge it but were not able to take the position. The problem with altcoins is that not all of them are here for the long run and if we talk about meme coins then it is a phase that shall pass. The current hype will not stay that long as there are others in the pipeline like the mobile tap meme coins.

Strongkored

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

You already believe that it will never happen, so that's what most crypto lovers believe except meme-coin developers or those who are shilling one of the meme-coins for their benefit.
Never mind meme-coin, even Ethereum, which has long been predicted to start replacing Bitcoin, apparently hasn't happened until now, when Bitcoin experienced problems in terms of a congested network, causing network fees to rise high, the community was able to overcome it, but not with Ethereum, which made this coin one of the network fees are expensive, especially since meme-coin has no clear usage and will only always be used as a speculative coin for traders to make a profit.

GigaBit

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

A meme coin has never and will never surpass bitcoin. If we can understand the difference between meme coin and bitcoin then this kind of speculation is completely foolish. Think of the Doge Coin today, the coin never made it to $1 even though Elon Musk was directly involved. So how can bitcoin be challenged by meme coin? I assume that a meme coin is well established and has high value and demand but don't forget that new meme coins being created will also start to impact the market soon. Bitcoin is completely different in this respect. Should not compare bitcoin with meme coin.

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

What a nonsense question is this? Look at the marketcap now.

Meme coin was a coin being created with no purpose other than to become joke tokens. How can you compare bitcoin which has been treating as a digital gold at this moment? Bitcoin can also help to store your value too.

It's not even possible to happen. Doge coin as a meme coin with the highest marketcap is about 20 billions can't be compared to the bitcoin which is having trillion marketcap.

Look at the the sentences that i have marked red above. You have answered your own question.

Abiky

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

Why would a worthless "meme" coin challenge Bitcoin in the future? It doesn't make any sense. If it's a "meme" coin, it's a pure joke. Why do you think Dogecoin was invented in the first place? Developers would've focused on innovation if they wanted DOGE to be used seriously for mainstream payments.

At a technical level, nothing can replace BTC. Especially when it's the one cryptocurrency that started it all. I'd put my money where my mouth is by investing into serious projects that will last a lifetime. And "meme" coins are not one of them. Hopefully, people get back to their senses before it's too late. Cheesy

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Bitcoin is still a crypto Giant that leads the whole crypto market and no altcoins will ever dare to challenge Bitcoin. I saw some shitcoins, where 1 token vaule cross more than thousands of dollars due to limited supply but these shitcoins were never challenge bitcoin by their marketcap and trading volume. Its true that memecoins are increasing a lot and they are now challenge many popular altcoin from top but it won't possible to challenge bitcoin even in near future

I agree with you. I don't know how anyone can compare bitcoin to meme coin. I don't understand why other coins are getting involved when the value of Bitcoin is sky-high compared to other coins. Yes, it's true that many meme coins have grown faster than Bitcoin in recent months. I think they can increase the price due to the popularity of meme coin and social media hype. However, we should keep in mind that a coin with long-term potential like Bitcoin will not be a meme coin.

You can only hear such thing from newbies, because they will be investing in memecoin project hoping that they are investing in BTC project, and it will make them to see BTC as a scam project not knowing that they invested in memecoin project that made them to experience loses.

Even though, the memecoin project is pumping faster than BTC project, just take your time to study the memecoin project very well, if it will not going to scam people before you invest on it, because that is the system they use to draw other people to invest.

BTC is good for long term, if you wish to hodl it for long because it hard for BTC to disappear from the market like the way memecoin project use to disappear to make people lose their money and their time waiting for the memecoin to favor them.

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Quote from: Mehedi72 on June 08, 2024, 09:35:44 AM

Bitcoin is still a crypto Giant that leads the whole crypto market and no altcoins will ever dare to challenge Bitcoin. I saw some shitcoins, where 1 token vaule cross more than thousands of dollars due to limited supply but these shitcoins were never challenge bitcoin by their marketcap and trading volume. Its true that memecoins are increasing a lot and they are now challenge many popular altcoin from top but it won't possible to challenge bitcoin even in near future

I agree with you. I don't know how anyone can compare bitcoin to meme coin. I don't understand why other coins are getting involved when the value of Bitcoin is sky-high compared to other coins. Yes, it's true that many meme coins have grown faster than Bitcoin in recent months. I think they can increase the price due to the popularity of meme coin and social media hype. However, we should keep in mind that a coin with long-term potential like Bitcoin will not be a meme coin.

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Quote from: Mehedi72 on June 08, 2024, 09:35:44 AM

Bitcoin is still a crypto Giant that leads the whole crypto market and no altcoins will ever dare to challenge Bitcoin. I saw some shitcoins, where 1 token vaule cross more than thousands of dollars due to limited supply but these shitcoins were never challenge bitcoin by their marketcap and trading volume. Its true that memecoins are increasing a lot and they are now challenge many popular altcoin from top but it won't possible to challenge bitcoin even in near future

It's true that some Altcoins might try to reach bitcoin technically but it's never possible that any coin of any kind can challenge bitcoin even the almighty Ethereum is still second to bitcoin even with it's stands ever since created, bitcoin is the root of all cryptocurrency so it's obvious that you can't bitcoin the root, there is a law in my place that says as it is outside so it is inside, relating it to bitcoin means that the more altcoins seems to be growing the more bitcoin grows beyond reach.

Bitcoin is king we can say that, no coin can challenge bitcoin even in price.

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Quote from: Odohu on June 01, 2024, 07:54:58 AM

Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

Meme coin challenge Bitcoin? That sounds funny! How can a mirage challenge challenge Bitcoin? In what aspect? Do you even understand what meme coins are? They are purely for fun, more like joke. If you think something that is all about fun will challenge a serious business like Bitcoin, then you can as well believe that I am Satoshi.

If you want to get involved with meme coins, go ahead, enjoy the hype, pump and all the fun that comes with them but don't forget that it can dump on you, or disappear any moment. Nothing can challenge Bitcoin and that is the fact you need to always keep at the back of your mind.

But if we talk about the multiplier of profits that we get on our investments then what will be your take? Especially when we talk about the short term investments do you think BTc is big enough to give that much profits that meme coins can give you.

Ive seen meme coins giving 100x profits into a single day but from a very long time BTc is not being able to do that. Thats why people are shifting to meme coins Investments because everyone wants profits even though risk is involved.

Mehedi72

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Bitcoin is still a crypto Giant that leads the whole crypto market and no altcoins will ever dare to challenge Bitcoin. I saw some shitcoins, where 1 token vaule cross more than thousands of dollars due to limited supply but these shitcoins were never challenge bitcoin by their marketcap and trading volume. Its true that memecoins are increasing a lot and they are now challenge many popular altcoin from top but it won't possible to challenge bitcoin even in near future

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

A coin created as a joke will challenge the parent coin, it is very unlikely, Bitcoin was the first cryptocurrency to appear. Everyone knows Bitcoin as a digital investment that has the full trust of investors. Meme coins are only created to seek temporary profits, indeed recently many eyes have been focused on meme coins which are shining and have no future like Bitcoin which has been discovered by many networks throughout the crypto market. Bitcoin is also the safest investment place.

martinex

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Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Is it possible that some meme coin might challenge bitcoin in future ?

Like the language you want to say in terms of the benefits obtained and that is more accurate if I read it.

Quote from: krishnaverma on May 31, 2024, 10:43:55 PM

Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

So, regarding profits if we invest in Crypto, the results always vary. If we happen to be lucky and accidentally buy the coins you intended at the beginning, I think there is a possibility of getting more profits, if they are listed on various markets. But, going against BTC and being able to outperform BTC price it seem like impossible.

Topic: Can any meme coin challenge bitcoin in future ? - page 3. (Read 930 times)