coin memes don't have a project? Is it worth buying for the long term?

niall51

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Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

in the long term, in my opinion, it's not worth it, but to get 2-3x profits in a short time, it might be worth it, but remember, memecoin is very risky, it can make your money 1000x, but it can also make you lose all the money you have, be wise in invest, do your own research, don't be fomo about what's on the internet, people prefer altcoins to memecoins

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Quote from: StreakW on February 02, 2024, 03:31:39 AM

Quote from: Tigerheart3026 on December 09, 2023, 08:56:17 AM

nope, meme coins can not worthy investment in terms of long term, short term it can be profitable, i'm trading doge,pepe and shiba for short term, getting a little profit.
there are other no reason to buy it, if these are not real project so those can not run in long term, i don't recommended to buy for long term.

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

In normal life, no one would invest in an asset that has no purpose and is priced with purely speculative discourses, but in the cryptocurrency world, we can witness extraordinary events. I haven't come across any statistics so far, but I am sure that the people who lost their money in memecoins are much more than those who made money. For this reason, I don't see memecoins as something worth buying and I agree with your comment. Instead of looking for adventure in this market, we should invest our money in the right places.

AnonBitCoiner

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Quote from: StreakW on February 02, 2024, 03:31:39 AM

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

Meme coins are profitable but not all of them because some of them provide profit while most of them fail to go into pumping phase. You can take profit from meme coins if you take profit on time and accept the little benefit whenever it gives you as desire for more will cause your hold coin to dump.

Meme coins does not remains at higher worth always like that of other altcoins therefore people rarely trust meme coins and another reason is that most of the meme coins disappear which reduced the desire of people towards meme coins. Now again you can see that people are accepting meme coins due to coming Bull season and after the success of some meme coins which create a positive layer for another meme coins.

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Quote from: StreakW on February 02, 2024, 03:31:39 AM

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

Memecoins aren't supposed to be bought for long term investing, they're controlled by hype from celebrity and other public figures in the cryptocurrency market. Dogecoin was hyped by Elon musk and without him, dogecoin won't have rise in price. Dogecoin also went up in price recently and it was due to the influence of twitter which is owned by Elon musk. When we're investing in memecoins, we should be taking profits when they come as we don't know how long the coins will remain hyped.

The only time I think we can hold memecoins is when we got in very early therefore we are always in profits regardless of how the market crashes. Those set of investors that bought dogecoin when it was still trading very low can hold as they don't have anything to lose unless dogecoin falls to zero and by then they would have made alot of profits from selling some of the dogecoin they bought very early.

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Quote from: Tigerheart3026 on December 09, 2023, 08:56:17 AM

nope, meme coins can not worthy investment in terms of long term, short term it can be profitable, i'm trading doge,pepe and shiba for short term, getting a little profit.
there are other no reason to buy it, if these are not real project so those can not run in long term, i don't recommended to buy for long term.

I agree with you that it is not worth using meme coins as a long-term investment because it is too risky, especially since basically the price of meme coins is influenced by hype and when the price drops it is very difficult to get back up. As happened in the case of Dogecoin, when the price experienced a very large increase, which was influenced by Elon Musk, but once the price fell, until now the price of Dogecoin is still difficult to recover.

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Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

Are meme coin worth buying in the long term?

No. Just imagine an asset that needs a hype to actually do something and what would you do if those meme coins that you hold don't really get any recognition and no one hypes for it, the coins would be stay like that and do nothing. I don't want to hold an asset that only rely on hypes, there is no fun about that.

Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

What is your reason for buying meme coin?

It's okay if you know when to stop during release days especially if it's the most viral one, you could grab decent profit if you quick enough to dip out after making an investment. But high reward comes with high risk.

snowpega

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OP if you ask me, holding memecoins worthy for the long term? I will suggest that it is not a good idea to hold them for the long term because investing in meme coins is very risky and it is a very rare case scenario that mem coins will return max profit because of their market cap and supply in the market which makes it nearly impossible to give Maximum profit to its investors so in my recommendation we should not invest in meme coins for long term holding. DYOR

MegameSama

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for me meme coin is no more like a lottery, you can be lucky and a lot more unlucky lol. In my opinion, buying meme coin has been redflagged for the long term, it really doesn't make sense. What's clear is that the form of the project is often a scam, what if you only capitalize on the hype of meme coins. the benchmark for doge, shiba etc. is not strong enough. I think why people have to buy meme coins, it seems that out of 1000 meme coins there are only 1 or 2 that can continue, even though in the end it will be a scam or at least an exit scam at a price of -99%.

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Quote from: Boomber on January 29, 2024, 05:25:23 AM

Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

meme coin is indeed a hype at the moment and has the potential to give us a big profits, it's just that investing in meme coin has a big risk and of course in my opinion meme coin is not really suitable as a long-term investment, therefore my advice is that you better not invest in meme coin for the long term and never be greedy if you invest in meme coin, so if you have made a profit from investing in meme coin, then you must immediately take the profit or you will lose the opportunity to make a profit from investing in meme coin and instead you will lose your money.

It is true and it is highly recommended that if you want to invest in meme coins, only use a maximum of 10% of the assets you own or even less than that. why is that, if your meme coin investment fails or even loses everything, it won't have a big impact on the portfolio you have. and if it increases, let's say it's 1000x or even just 100x, of course I think that's enough to increase your assets.

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Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

meme coin is indeed a hype at the moment and has the potential to give us a big profits, it's just that investing in meme coin has a big risk and of course in my opinion meme coin is not really suitable as a long-term investment, therefore my advice is that you better not invest in meme coin for the long term and never be greedy if you invest in meme coin, so if you have made a profit from investing in meme coin, then you must immediately take the profit or you will lose the opportunity to make a profit from investing in meme coin and instead you will lose your money.

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Quote from: $crypto$ on December 12, 2023, 01:05:37 PM

Lol, indeed investing in meme coins is a waste of time, because there are more promising ones ahead. It would be strange if someone chooses to gamble their luck, when something more valuable is clearly in front of them.

Yeah, I believe the same. If you have spare money and spare time you can waste, it is better to have some kind of investment with it and adjust leaving the rest to your luck. It's like a total gamble when it comes to meme coin. You never know the future, and there are only two outcomes. Either you will make a good amount of profit or the project itself will vanish out of existence in no time. The project will be totally dead.

And that sounds more like gambling. I will never put actual amount that I hold for serious investment into meme coin. Lots of option and opportunities are floating out there and it will be foolish to choose something that has no predictable future. But in the end, it's other people's money and they can do whatever they want with it. Just be cautious before investing into anything.

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Quote from: electronicash on December 12, 2023, 01:17:53 PM

Quote from: $crypto$ on December 12, 2023, 01:05:37 PM

Quote from: tjtonmoy on December 11, 2023, 11:47:54 AM

Every project's success depends on the people involved in it. If they believe that they can take this project to a new height, they will keep pushing. Also, it depends on hype and trends. Once it wears off, the project is as good as dead. It may rise up again following some trend or something like that but it has no actual use case like other actual projects.
If you have some spare money lying around that you have no use for, you can use that to invest in meme coins. It should never be taken as a serious investment. You can invest that money and keep it aside for the next wave of trends or hype.
It is better to invest in something that is going to be profitable in the long run. To me, meme coins are just a waste of time, money and energy.

What can be expected from meme coins whose existence only depends on trends or hype, after which they disappear who knows where. It doesn't matter when you want to go there, but we must know very well what the risks are in it, don't let us do something that we don't know what we are actually doing.

For the long term there are coins that are more promising than meme coins. Maybe we can get into meme coins just for fun or we don't prioritize it or we buy it with a very small amount.

Lol, indeed investing in meme coins is a waste of time, because there are more promising ones ahead. It would be strange if someone chooses to gamble their luck, when something more valuable is clearly in front of them.

its those memecoins that bring newcomers in crypto. there are people i know personally who don't know crypto but i saw their facebook posts mentioning those memecoins like they have invested the valuable token. memecoins are not valuable but in the bull market, they tend to have the most activity since users are sharing them for daLulz.

it only matters when they begin to have a value that repeatedly grows over time and so with it, it becomes an investment for them and many made their huge profit through Shib.

that's right, I think any fundamental and famous projects and oracles if accompanied by hype and constructive news will certainly result in an increased market segment, meaning that even good fundamental coins I have experienced bag holders in a few weeks due to lack of analysis, Grin

all just different types and classes, basically if even a longterm coin if there is no hype and something that can be used as a guide for investors I don't think it will increase its price too rapidly with limited capital, continued with investor confidence and from there transactions occur, whatever their suggestions and analysis of coins that are being pumped. Likewise, if the coin meme gets a fresh breeze, it means that the impromptu hype certainly depends on each trader.

What I like is that fluctuations in crypto are so often repeated and I prefer to take 5-10 percent of the profit from the capital I spend even from meme coins such as shiba, bonk etc. Some mental delay coins I buy too, basically the holder is the winner. and take profits are often encountered but assume it will pump again before the price subsides.

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Quote from: $crypto$ on December 12, 2023, 01:05:37 PM

Quote from: tjtonmoy on December 11, 2023, 11:47:54 AM

Every project's success depends on the people involved in it. If they believe that they can take this project to a new height, they will keep pushing. Also, it depends on hype and trends. Once it wears off, the project is as good as dead. It may rise up again following some trend or something like that but it has no actual use case like other actual projects.
If you have some spare money lying around that you have no use for, you can use that to invest in meme coins. It should never be taken as a serious investment. You can invest that money and keep it aside for the next wave of trends or hype.
It is better to invest in something that is going to be profitable in the long run. To me, meme coins are just a waste of time, money and energy.

What can be expected from meme coins whose existence only depends on trends or hype, after which they disappear who knows where. It doesn't matter when you want to go there, but we must know very well what the risks are in it, don't let us do something that we don't know what we are actually doing.

For the long term there are coins that are more promising than meme coins. Maybe we can get into meme coins just for fun or we don't prioritize it or we buy it with a very small amount.

Lol, indeed investing in meme coins is a waste of time, because there are more promising ones ahead. It would be strange if someone chooses to gamble their luck, when something more valuable is clearly in front of them.

its those memecoins that bring newcomers in crypto. there are people i know personally who don't know crypto but i saw their facebook posts mentioning those memecoins like they have invested the valuable token. memecoins are not valuable but in the bull market, they tend to have the most activity since users are sharing them for daLulz.

it only matters when they begin to have a value that repeatedly grows over time and so with it, it becomes an investment for them and many made their huge profit through Shib.

$crypto$

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Quote from: tjtonmoy on December 11, 2023, 11:47:54 AM

Every project's success depends on the people involved in it. If they believe that they can take this project to a new height, they will keep pushing. Also, it depends on hype and trends. Once it wears off, the project is as good as dead. It may rise up again following some trend or something like that but it has no actual use case like other actual projects.
If you have some spare money lying around that you have no use for, you can use that to invest in meme coins. It should never be taken as a serious investment. You can invest that money and keep it aside for the next wave of trends or hype.
It is better to invest in something that is going to be profitable in the long run. To me, meme coins are just a waste of time, money and energy.

What can be expected from meme coins whose existence only depends on trends or hype, after which they disappear who knows where. It doesn't matter when you want to go there, but we must know very well what the risks are in it, don't let us do something that we don't know what we are actually doing.

For the long term there are coins that are more promising than meme coins. Maybe we can get into meme coins just for fun or we don't prioritize it or we buy it with a very small amount.

Lol, indeed investing in meme coins is a waste of time, because there are more promising ones ahead. It would be strange if someone chooses to gamble their luck, when something more valuable is clearly in front of them.

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Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

I note that meme coins can provide short-term entertainment or even some quick profits, but they should never be relied upon as a long-term investment strategy. The hype surrounding meme coins often leads to volatility and uncertainty, making them an unreliable investment option. Due to various social media Many people are interested in investing in various meme coins including Dogecoin, Baby doge coin, floki, Shiba inu, Pepe. If you are not careful, you may fall into greed and invest according to your personal decision hoping for huge profits from meme coins. Where there is too much risk, I would never vote to hold Meme Coin as a long-term investment.

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Quote from: Ben Barubal on December 12, 2023, 04:00:14 AM

All the meme coins you mentioned are listed on well-known exchanges, and SHIB is also listed on exchanges. Well, actually, except for Floki, I don't have any holdings.

Then, the rest of these meme coins that you mentioned, I have holdings, and I also have other meme coin holdings that you did not mention. Then it's our choice if, in the eyes of the majority, it's not a good investment, but that's what I saw as potential, so I invested and held it.

Most of the time meme coins shows good performance but during Bull run they don't show any beneficial revenue for which everyone is looking for. Therefore don't trust on any altcoins as when the time arrives the situation become differs than expected. In my opinion Floki is not such a meme coin which will perform better during Bull season but as we are choosing Shiba inu so yes their activity can be measure in Bull run and profit will be maximum.

I think that as OP have mentioned token so all users will not hold just these meme coins as large number of other coins also exists like Doge and many others which will be preferred more for holding longer and will get supreme status.

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Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

All the meme coins you mentioned are listed on well-known exchanges, and SHIB is also listed on exchanges. Well, actually, except for Floki, I don't have any holdings.

Then, the rest of these meme coins that you mentioned, I have holdings, and I also have other meme coin holdings that you did not mention. Then it's our choice if, in the eyes of the majority, it's not a good investment, but that's what I saw as potential, so I invested and held it.

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Quote from: synchronym on December 11, 2023, 01:20:11 PM

OP you don't mind you can trade any coin you like. Because maybe many of us like Mim coin or some like doge coin. So you need to decide which coin you want to trade. First of all you have to decide whether you want to trade alt coin or trade in bitcoin it is very important decision for you.

Definitely can trade any coin of your choice depending on the one you prefer, but I also think trading with sentiment and not potential will kinda lead you into taking loss. Take close watch in the market and then decide which to put your money don't just put your money Into meme doge all because you like dogs and all that, try to see ahead if it will give any return of profit.
Trading Bitcoin might not seems to be the best but buying and holding should be considered ahead of trading. Among all cryptocurrencies it is best to invest into Bitcoin for the long term and other Altcoins for the short term

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OP you don't mind you can trade any coin you like. Because maybe many of us like meme coin or some like doge coin. So you need to decide which coin you want to trade. First of all you have to decide whether you want to trade alt coin or trade in bitcoin it is very important decision for you.

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Quote from: Marykeller on December 11, 2023, 12:04:47 PM

Quote from: GAM ACHEH on November 22, 2023, 08:31:07 AM

Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

A crypto investor should view altcoin investments as short-term, not long-term, plans. Only bitcoin should be considered for long-term investment strategies. The only way to profit from a memecoin investment is to invest it early and sell it soon after when there is profit.

If memecoins are to be hodl for a longer period, you run the risk of losing your money because memecoin prices will eventually have a big dump in price someday

Meme coins are fastest way to double your profit. At the end we will buy btc and hold for long term. Btc is not good for short term as volatility is not good enough to get required profit in the specific time limit. New crypto users mostly investing in meme coins because they want to double their capital quickly and they have been taught that btc will not give them profit quickly as meme coins gives.

Many people against the meme coins but i am not agree with them. Although meme coins has no special use but still the profit could be make from the meme coins. For long term holding I like your statement, we can loss all If all whales start selling one meme coin and start buying other.

Topic: coin memes don't have a project? Is it worth buying for the long term? (Read 1051 times)