Most probably, the reason why people buy meme coins is to make a significant profit. However, I think this may not be suitable for the long term, especially for newly launched meme coins. If you invest in a new meme coin, it's probably better to exit as quickly as possible to avoid getting caught in a price dump. Investing in meme coins is highly risky, so it's crucial to invest only what you can afford to lose. It's also advisable to have knowledge in trading so that you know when to enter and exit.
Topic: coin memes don't have a project? Is it worth buying for the long term? - page 6. (Read 1083 times)
November 23, 2023, 08:03:31 PM
November 23, 2023, 05:02:44 PM
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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 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?
On the surface, I get the appeal - who wouldnt want their $20 "MemeCoin" investment to suddenly be worth millions? But when you peel back the shiny hype and hopium, most of these things have all the staying power of a snow cone in July.
Look, Im not saying theres zero chance of striking gold with some ridiculous meme coin. But putting any serious money into most of them is less investing and more flushing money down the slots and praying. If you have some cash burning a hole in your pocket and dont mind rolling the dice, fine. Just dont mortgage the house betting on PooPooPeePeeCoin making you a millionaire. Odds are you will end up nothing to show but a vacant expression and a lot less money in your bank account.
November 23, 2023, 04:45:03 PM
I think meme coins are not worth buying for the long term. We have to know the right timing to buy Memecoins so that we can profit thousands of percent from these coins. If we buy late or buy when the price is too high, we will only suffer losses. Remember, don't be fomo about meme news. Still do your own research
buy meme coins to build our wealth not to maintain our wealth I think that's true
This is not an advertising financial
Meme coins are completely unsuitable for the long term, I am sometimes confused as to why many people buy meme coins for the long term even though it is clear that these are just coins for entertainment, the fundamentals of which are not very clear. They have to be smart again to make decisions about investing in meme coins.buy meme coins to build our wealth not to maintain our wealth I think that's true
This is not an advertising financial
Because it's true, as you said, this meme coin is only clever when we take the moment, if we are a little late we will experience losses and vice versa, if we enter at the right time we will make a profit, and usually meme coins won't last long. So far, only Dogecoin has survived for a long time, because the community is strong and supported by Elon Musk, so it is not surprising that Dogecoin has survived so far. I think the last sentence is very suitable as a reminder for us, buying meme coins at the right time will build our wealth but not maintain our wealth.
they will find out soon that most of these meme tokens will have short lifespan or better yet, their growth is stagnant. if there is no reason why they continue to exist, the team behind it will just run the pump and dump scheme up until they already got their pockets full and finally abandon it without a warning. as we have seen, most meme projects are just for short-term, you can get involve but better get out fast while you are still in profit. don't get too attached because you will rekkt without a fight.
November 23, 2023, 04:37:26 PM
I think meme coins are not worth buying for the long term. We have to know the right timing to buy Memecoins so that we can profit thousands of percent from these coins. If we buy late or buy when the price is too high, we will only suffer losses. Remember, don't be fomo about meme news. Still do your own research
buy meme coins to build our wealth not to maintain our wealth I think that's true
This is not an advertising financial
Meme coins are completely unsuitable for the long term, I am sometimes confused as to why many people buy meme coins for the long term even though it is clear that these are just coins for entertainment, the fundamentals of which are not very clear. They have to be smart again to make decisions about investing in meme coins.buy meme coins to build our wealth not to maintain our wealth I think that's true
This is not an advertising financial
Because it's true, as you said, this meme coin is only clever when we take the moment, if we are a little late we will experience losses and vice versa, if we enter at the right time we will make a profit, and usually meme coins won't last long. So far, only Dogecoin has survived for a long time, because the community is strong and supported by Elon Musk, so it is not surprising that Dogecoin has survived so far. I think the last sentence is very suitable as a reminder for us, buying meme coins at the right time will build our wealth but not maintain our wealth.
November 23, 2023, 04:24:07 PM
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?
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?
You mean the meme project doesn't have any use cases, and that is true. These projects are speculative assets, and it is most likely a gamble to invest in them because you just need to pray that any whale won't dump on your money. If a meme project has any events or significant news coming, then you can invest in them but that is only for the short term. These projects don't have any usecase so their demands only come from the retail investors who buy those coins and keep them in custody.
November 23, 2023, 04:14:05 PM
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Definitely not. Meme coins would probably be good for a short while, especially on release since a few days after that it usually pumps up due to "unnatural" reasons, but other than those times, due diligence would be required. They mostly crash down after that initial pump though tbf so not for the long term. Past that, it usually just moves if some whale decides to buy a whole bunch. As you said, meme coins don't have a use case, a roadmap, or anything similar to what big projects have. It's called a "meme" for a reason. Never really tried buying one. I might if someone tipped me some group was trying to inflate it, free money. Past that, I don't think so. Never really been a fan of the meme designs we have as well anyway.
November 23, 2023, 02:24:35 PM
All who buy meme coins have their respective reasons, some of them are as in the fundamental coins, namely to have fun and tools to joke at the Crypto market.
But maybe among the others also when buying a meme coin there is another reason, namely looking for a profit from the hype scheme at Bullrun as before, and I think for personal decisions it does not become a problem as long as you realize what you are doing, for sure some people have reminded that buying Meme coins are mistakes and have the potential to have great losses in your portfolio, so if you want it to use money that you have felt very bodo to lose the money.
And the last rule when buying meme coin don't expect more to get a big profit from the meme coin because it will torture yourself. Wisely in investing if you want to get a profit that can be categorized as looking for a safe way in the cryptocurrency market.
But maybe among the others also when buying a meme coin there is another reason, namely looking for a profit from the hype scheme at Bullrun as before, and I think for personal decisions it does not become a problem as long as you realize what you are doing, for sure some people have reminded that buying Meme coins are mistakes and have the potential to have great losses in your portfolio, so if you want it to use money that you have felt very bodo to lose the money.
And the last rule when buying meme coin don't expect more to get a big profit from the meme coin because it will torture yourself. Wisely in investing if you want to get a profit that can be categorized as looking for a safe way in the cryptocurrency market.
November 23, 2023, 01:43:23 PM
Big no to meme coin as there is no valid reason to invest into it and there was a time when market was obsessed with meme coins and NFTs but now that's not the case, meme coins can be used as a P2P transfer method only if it's available in major exchanges, coi like doge. But we need to consider bigger picture wherein doge, pepe has pumped there are hundreds of meme coin project which fails and one few gets the limelight. It would be better to invest into some coins which has great potential instead of meme coin.
If you are a short term or day trader then you can try your luck on meme related new projects as first few days there are usually lot of fluctuations, but on a long term it's dead shit coin.
If you are a short term or day trader then you can try your luck on meme related new projects as first few days there are usually lot of fluctuations, but on a long term it's dead shit coin.
November 23, 2023, 11:40:15 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?
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?
You mean they don't have utility? Every meme or none meme is a project but may not have utility or a use case that can be a reason to attract users to the project.
Well since am not a meme investors, I can't really say the utility of the meme project you mentioned here. The initial nature of most meme projects are just for fun purposes but it seems since the dogecoin hype investors have picked interest in trading meme coins and making them seems like a worthy investment which they aren't, especially when you consider long-term.
November 23, 2023, 11:21:10 AM
The trouble is that there are some situations we should be careful about it because it should be something that needs to be a careful thing. I believe that we are not going to end up with something that has to be careful in the end. We need to be careful about it, that has to be something that we need to take care of and if people keep on investing into stuff where they will just lose their money to the creators and devs, then that's not going to benefit crypto world.
I mean what happens is that people create some fake meme stuff on launchpads and investors put up millions, and devs just steal those millions and leave, individually that's bad, but at the same time we are talking about something that doesn't really just hurt them, it hurts us too.
I mean what happens is that people create some fake meme stuff on launchpads and investors put up millions, and devs just steal those millions and leave, individually that's bad, but at the same time we are talking about something that doesn't really just hurt them, it hurts us too.
November 23, 2023, 10:29:28 AM
At CMC there are quite a lot of choices for meme coins and there are more potential of course, but it's also good for updates, especially for meme coin lovers. The one with the most potential now if you look at the 4 options above is Shiba and it has good potential. So if we want to hold on for the long term, as much as possible, buy now, don't wait any longer.
November 23, 2023, 09:55:41 AM
The main reason where people are interested in meme coins is the amount of profits one can easily make from them .Not because there have any good concept or long term plans. Buying them is simply based on the gains also most meme coins are not good for long term holding at all unless we are in a bull market ,For market situation like these it will be better to take some profits and sell it early to avoid looses.
November 23, 2023, 07:55:18 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?
Those people who buy meme coins are those people who are party joiners. Yeah, I'd say this because during the hype of meme coins like Pepe, a lot of investors got the desire to invest but look, they're going after the pump and selling them. It is not worth buying but people have taken advantage of the situation. Perhaps, not a wrong move but if we used to buy them and hold ---that was a big mistake. These no-use case projects like meme coins are not able to survive nor it stay long, they will go slowly as nobody cares about them. 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?
November 23, 2023, 07:26:59 AM
If you can get in & get out during a big pump then great for you. They have no future though, no real world use case so long term investment probably isn’t a great idea. I don’t recommend allocating too much into meme coins but if you can make good profit then go for it.
November 23, 2023, 07:22:59 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?
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?
Most of the so called utility coins also fail to be utilized by the general public. And most of trading are speculative and analytical than as an investment on a good future.
Though meme coins are not serious about selling their roadmaps, they are one of the sought after coins for trading.
I personally made a good profit from pepe last month as I bought it around ~7 when it was on the dip and sold over ~10 and now it's ranging around ~11.
So, it would be a good idea to buy popular meme coins when they in dip as many people would have a higher buying price and the one's holding would keep holding for profit.
November 23, 2023, 07:13:40 AM
if its the long established meme coin like doge then you would have no problem investing in it. but the other? not so much. even more so with the latest emerging meme coin.
they are all just shit coin, not even elon willing to shill for them, their current capital can't hold for long, they'd eventually lose value.
they are all just shit coin, not even elon willing to shill for them, their current capital can't hold for long, they'd eventually lose value.
November 23, 2023, 05:27:23 AM
all memecoins came from memes
memes are often driven by its community that’s why usually on its first launch, the hype is up
memes are created in social media and if you don’t know the recent meme on the internet you might be called a boomer now imagine if you catered a coin to one specific meme where it is used by multiple people on the internet
that’s basically free promo
now I wouldn’t recommend all memecoins to be invested in for the long-term it’s okay to invest in memecoins but you have to monitor it closely because a lot of those will pump and dump really fast and you need to exit the market as quick as you can or maybe even quicker than when you first entered
memes are often driven by its community that’s why usually on its first launch, the hype is up
memes are created in social media and if you don’t know the recent meme on the internet you might be called a boomer now imagine if you catered a coin to one specific meme where it is used by multiple people on the internet
that’s basically free promo
now I wouldn’t recommend all memecoins to be invested in for the long-term it’s okay to invest in memecoins but you have to monitor it closely because a lot of those will pump and dump really fast and you need to exit the market as quick as you can or maybe even quicker than when you first entered
November 23, 2023, 02:51:32 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?
It seems clear to me you know very well that there is nothing behind meme coins, and when a project does not really have any reason to exist then it should be obvious that it does not have good long term prospects either, then it is very easy to conclude that meme coins are not worth buying for the long term, now it could be said that they are not worth to be bought for the short term either, but since you could get lucky and get a lot of money if you bought the right meme coin, there are many people willing to take the risk and see if they can become rich this way. 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?
November 23, 2023, 02:06:55 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?
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 think meme coins are not worth buying for the long term. We have to know the right timing to buy Memecoins so that we can profit thousands of percent from these coins. If we buy late or buy when the price is too high, we will only suffer losses. Remember, don't be fomo about meme news. Still do your own research
buy meme coins to build our wealth not to maintain our wealth I think that's true
This is not an advertising financial
November 23, 2023, 01:15:08 AM
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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?
People are investing in it because they believe that it will give them huge returns. TBH, I've seen many investors who are risking their money, they invest in these stupid meme coins only to lose money in the end. 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?
Investing into meme coins (or where I considered them as sh*tcoins) is like placing your bet on the team that is obviously losing against their opposing team. Yes, there's a chance still to win, but what are the chances? Same with investing in meme coins. Yes, you can gain profit, but what are the chances of you gaining profit? It's pretty obvious that most of these meme coins have no use case at all. It's already good that DOGE is being used for some reasons. Most of the meme coins for me are useless, and they aren't worth holding for the long term.
Reason for me to buy meme coins? I have no reason to buy them because I believe that they aren't a good coin to hold mid to long term. The risk of investing in these type of coins are very high at least for me. The reward is high yes, but I can't risk money investing into something that I believe will give me headaches in the end.
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