coin memes don't have a project? Is it worth buying for the long term? - page 3.

Andrija Branislav

member

Activity: 286

Merit: 25

CRYPTO WEB3 NEOBANK

Quote from: Gladitorcomeback on December 06, 2023, 09:33:50 PM

Very good topic OP, You are quite right that meme coin having no roadmap, no team and also no other details which we often check before choosing the best project but it is fact also that rising speed of meme coins is much higher than Solid and long term projects.

Yes. Different people have different points of view. Whether it's bad or not, the main thing of a speculator is that the profit at the end is in his head. The important thing is to make a profit. it's risky and the main points are that they are often fine and they know and that's what's strange.

Andrija Branislav

member

Activity: 286

Merit: 25

CRYPTO WEB3 NEOBANK

Quote from: cryptoknightt on December 07, 2023, 05:03:34 AM

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

It's true that the altcoins space in particular, a lot of was born without a special campaign. sometimes only rely on airdrops but they quickly attract attention. I think dominant people like instant profits. So it's even more interesting for developers to make things simple.

humanvelocity

member

Activity: 187

Merit: 18

You are better off taking that money and putting it on red in Roulette table. Meme coins are a joke and will never be good for long term, If you decide to go short term then surely it can be rewarding.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: cryptoknightt on December 07, 2023, 05:03:34 AM

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

Doge, Shiba Inu, and Pepe - these are the meme coins that have been known in the market due to their hyping price but the rest remain unnoticed. Not a surprise in the sense that these meme coins have no use case and only hype helps them be known to us. Therefore, investing in them is not worthy and it is much more if we think about holding them for many years, they are dead already.

I don't discourage people from investing in meme coins but must be sure that they are already aware of what will possibly happen to their money.

cryptoknightt

sr. member

Activity: 1188

Merit: 251

I can't say whether it's true or not, but even meme coins that have no future can be valuable if influencers or famous people are involved in them, crypto is a fomo and fud space that is very influenced by news or encouragement from famous people, for example Doge which was popularized by Elonmusk.

MIner1448

member

Activity: 938

Merit: 13

Tontogether | Save Smart & Win Big

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 meme coins were created in my opinion for speculation, there are no technologies, there are no serious teams, there is just hype, behind it there is simply a good advertising company that promotes its project, for the long term this is not a very good idea.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: JeffBrad12 on December 06, 2023, 07:20:07 PM

Quote from: Rasa nanas on December 06, 2023, 05:49:08 PM

Are meme coins good for long term investment? the answer is no and the reason as you say because the project is not clear, meaning this project has no utility and does not even have a road map. The price of meme coins can indeed increase thousands of% but the price can also fall to $0 and what often happens is that the price drops to $0, therefore many say investing in meme coins is high risk.

many seemed to overestimate their capability to analyse a coin and as a result is the effort of making investment in meme coin which sometime might just be the worst decision ever.
there are so many meme coins generated and very few that could have meaningful market capitalization increase, in other word, the chance of success is so low yet people are flocking onto it thinking they might be rich from it which isn't wrong if they happen to have some miraculous encounter of investing into some rare memecoin that might be getting big in the future but many times that meme coin just gonna outright losing value.
being conscious in this regard knowing that meme coin have low chance of success is good enough for people to keep themselves from losing even more money because as I've seen newbies greed in investing meme coin cause many to lose money.

Traders make the mistake of thinking about themselves as being flawless, and when someone thinks of themselves in that way then it could make sense in their minds to buy a bunch of meme coins no one has ever heard about as they believe they will skyrocket soon, however this is obviously a mistake as there is no trader that can win every single trade that they make, and when they fail they get surprised this was the case and try to find a way to justify their mistake, not understanding that the whole premise about their inability to make mistakes was what was wrong.

Gladitorcomeback

hero member

Activity: 812

Merit: 619

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?

Very good topic OP, You are quite right that meme coin having no roadmap, no team and also no other details which we often check before choosing the best project but it is fact also that rising speed of meme coins is much higher than Solid and long term projects.

People who was thinking that btc was the only coin which pumped very high and maybe no one will get this type of coin. When meme coins launched especially Shiba , Pepe and Floki this thought is proved false and people made a high amount just in the matter of 2 months. I am not saying that memecoin is competitive of btc as there is no coin who could beat btc even Ethereum cannot but in term of profit yes meme coin couldn't be forget.

Meme coin are riskier also and one have to first complete research about total token holders and community detail before entering. If we invest small amount which we afford to lose then investment in memes coin is not bad.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

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?

You already stated here that the coin has "no clear project".
You also said that their price increased by thousands if not hundreds. Do you think that all of us can take a risk and invest in these types of coins which are typically more volatile than those of the top ones?

Are meme coins worth buying in the long term? Hell no. I will not buy a token that has a chance to go up by thousands yes, but go down by thousands as well. I can't take that risk. Probably some can take it, but not for me. Another one is that I don't want to invest in a project that has no use case and isn't beneficial for the investor.

I have no reason for buying any meme coin aside maybe for DOGE because I have a bias on it since it's the very first meme coin that has been created, but other than that, I will not buy any meme coins or should I say shitcoins.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: Rasa nanas on December 06, 2023, 05:49:08 PM

Are meme coins good for long term investment? the answer is no and the reason as you say because the project is not clear, meaning this project has no utility and does not even have a road map. The price of meme coins can indeed increase thousands of% but the price can also fall to $0 and what often happens is that the price drops to $0, therefore many say investing in meme coins is high risk.

many seemed to overestimate their capability to analyse a coin and as a result is the effort of making investment in meme coin which sometime might just be the worst decision ever.
there are so many meme coins generated and very few that could have meaningful market capitalization increase, in other word, the chance of success is so low yet people are flocking onto it thinking they might be rich from it which isn't wrong if they happen to have some miraculous encounter of investing into some rare memecoin that might be getting big in the future but many times that meme coin just gonna outright losing value.
being conscious in this regard knowing that meme coin have low chance of success is good enough for people to keep themselves from losing even more money because as I've seen newbies greed in investing meme coin cause many to lose money.

Rasa nanas

full member

Activity: 1442

Merit: 108

Are meme coins good for long term investment? the answer is no and the reason as you say because the project is not clear, meaning this project has no utility and does not even have a road map. The price of meme coins can indeed increase thousands of% but the price can also fall to $0 and what often happens is that the price drops to $0, therefore many say investing in meme coins is high risk.

Issa56

hero member

Activity: 1484

Merit: 928

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

Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

I'm not really a fan of meme coins; I don't invest in them, but when investing, you have to be very careful. Don't invest because of the hype that you are getting from people; make sure you do your research before investing. Some meme coins do not have a road map or even any use case; they are just created; people will pump it with their money, and later it will be dumped on people. How are you going to hold a coin like that? I believe meme coins should just be for short-term investment. How will you be holding a coin without any use case for the long term? Then you expect a crash to happen. If a house is not built on a strong foundation, don't expect it to be strong.

I don't recommend investing in altcoins, but there are some strong altcoins that you should invest in rather than investing in meme coins. To be honest, meme coins are one of the few coins that I will recommend anyone not to invest in. If you want to invest, then it's better you invest in bitcoin, and I know some people who do prefer to invest in altcoins. Get some strong altcoins and invest.

vs2014

sr. member

Activity: 658

Merit: 250

DGbet.fun - Crypto Sportsbook

First of all you need to know that meme coin holding is risky because they contain a lot of lies but there are some good meme coins that have caught a lot of investors in the crypto market with honesty. As you mentioned some of the best meme coin names but new meme coin is very dangerous. The idea of new investors to get rich suddenly from meme coin is totally false propaganda because most meme coins are scam. You can buy a lot of meme coin but very few meme coin will give you profit and most investment will be your loss.

Lamkuthang

member

Activity: 335

Merit: 34

Low Fidelity High Potential

Quote from: Ben Barubal on December 05, 2023, 12:49:04 AM

Because, according to my observation, there are others who have project plans and roadmaps, but it is very difficult for them to be listed among the well-known top exchanges, then the trading volume and market capital are too much compared to the meme coins you mentioned. Do you think that if you are one of the traders, would you put your capital investment in what I have mentioned here?

Indeed, the terms and conditions always apply if you want to enter a well-known exchange, the fees are quite large, but if they have the criteria according to the exchange they want their coins to be listed there, they will definitely try. For the second question, maybe OP can answer it wisely. For me it varies a lot of course.

puloweh555

sr. member

Activity: 616

Merit: 317

Vave.com - Crypto Casino

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

Are meme coin worth buying in the long term?
What is your reason for buying meme coin?

If you are asking whether meme coins are worth buying for the long term, of course they are not, and it is not recommended to buy meme coins for the long term. Meme coins are only entertainment coins, of course entertainment can also be profitable if you take advantage of the moment, I personally bought meme coins to make short-term profits but with not a lot of money of course.

In my opinion, Pepe is good because Pepe's circulation supply has run out. The total supply is less than Shiba. The market capital is still low. CMC's ranking is still in the 90s. So the explosive potential could be much bigger than Doge or Shib. Personally, apart from Shib, Pepe is targeting accumulation installments in preparation for the 2024 bull run.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: GreenStox on December 05, 2023, 08:33:40 AM

I don't have a reason, but if it is supported by an influencer like Elonmusk then we can consider buying it even though as you said there is no seriousness in it but who knows in the future what Doge will be like in Elonmusk's hands.

To be on the hands of a single whale is a big and worthless risk to be taken. What if at any time he just decide to stop supporting the memecoin? Then the price wod fall to zero really fast and you, as an investor, would have a bunch of priceless tokens on your wallet and your funds becoming dust. Actually, Elon Musk has already tried doing that with Bitcoin, but thankfully BTC market doesn't fully revolve around him, so the negative consequences for Bitcoin price were limited, but imagine if he had a deeper influence on this market, how things could have gotten worse for BTC. Beware with what you wish, especially if it involves centralizing powers and influence to determined individuals, followed by the idolization of them. Keep in mind whales have their own agendas and they won't mind using and prejudicing little fishes like us to fulfill their objectives.

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

I don't have a reason, but if it is supported by an influencer like Elonmusk then we can consider buying it even though as you said there is no seriousness in it but who knows in the future what Doge will be like in Elonmusk's hands.

Ben Barubal

member

Activity: 560

Merit: 17

Eloncoin.org - Mars, here we come!

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?

Even if we say that they don't have projects, they are listed among the top exchanges in the cryptocurrency business industry, and their trading volume is quite good every day of the exchange platform, which means that many traders are still getting profit here. .

Because, according to my observation, there are others who have project plans and roadmaps, but it is very difficult for them to be listed among the well-known top exchanges, then the trading volume and market capital are too much compared to the meme coins you mentioned. Do you think that if you are one of the traders, would you put your capital investment in what I have mentioned here?

libert19

hero member

Activity: 2520

Merit: 952

Quote from: JeffBrad12 on December 04, 2023, 06:06:06 PM

Quote from: libert19 on December 01, 2023, 04:17:31 AM

Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.

What Musk did to Doge coin was manipulation.

Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.

regardless though there's no proof that musk is manipulating doge coin, some people might say that his attempt to create many tweets might be attempt of manipulation but im not so sure, mainly because he's just shilling and not really playing into the market.

How would we know whether Musk is playing into market or not?

He could make a tweet shilling doge, doge price surges and he'd make a sell.

This is what quick search on Google brought me:

Quote from: JeffBrad12 on December 04, 2023, 06:06:06 PM

...but right now his influence has finally subsided, i don't think he has that much power again to influence

Millions of followers, influencers and plenty money at hand, he can do whatever he pleases.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: libert19 on December 01, 2023, 04:17:31 AM

Meme coins are useless and they have no long term prospects. One thing good about them is that they are honest with the fact that they are useless.

What Musk did to Doge coin was manipulation.

Although, I accept I have used Dogecoin often due to it's minimal transaction fees, but that's all there is to it.

yeah they are honest and still people are over glorifying it, the meme coin in general exist for fun don't expect meaningful profit except someone is just went all in and opens up the possibility of going bankrupt.
regardless though there's no proof that musk is manipulating doge coin, some people might say that his attempt to create many tweets might be attempt of manipulation but im not so sure, mainly because he's just shilling and not really playing into the market.
but right now his influence has finally subsided, i don't think he has that much power again to influence, moreover the trend of meme coin has also fading, i don't believe any meme coin will repeat the feat of doge and shiba inu again.
achieving that much of a market capitalization increase is not such easy feat, moreover too much meme coin having high market capitalization one might be confused where the money will be flowing in from.

Topic: coin memes don't have a project? Is it worth buying for the long term? - page 3. (Read 1051 times)