Craze for Meme coins never ends? - page 3.

justdimin

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Quote from: mich on December 19, 2023, 04:09:19 AM

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

Ever since the term meme was invented, we also can't stop seeing new memes that spawn from time to time. Their origin have came from a trending post or news. Meme coins in crypto will just ride them as well. But it wasn't only done for entertainment right now, but more in the profit side.

The meme coin Bonk was actually trending last time but right now, I think its hype is slowly fading. No wonder why you only saw a 60% increase there from the former I think over 100% or more than that. But, 60% was still nice. Haven't heard about the new one that you mentioned but I'll be careful about it for now. I'll wait for more signs first if it's truly the next one in the spotlight.

kentrolla

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Quote from: Marvelman on December 20, 2023, 01:12:30 PM

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are. But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun. Cheesy

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it. But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any. Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance. but maybe just maybe. and... one makes it to the moon on adorableness alone. Hey, crazier things have happened in crypto before. At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Crypto investment isn't some fairy tale wherein one will invest into meme coin stating it's cute or it has excitement because and if one say they invest into meme coin because it's cut or fun then they should rather buy a doll or goodies atleast it would stay with them physically.

Mate, this makes zero sense and people want to earn real quick that's why they invest into meme coins as few memecoins had crazy pump wherein the rest has been disastrous. I am not a fan of this concept and I can never agree that people invest for fun or because it's cute because only a noob can do it.

cabron

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Quote from: Marvelman on December 20, 2023, 01:12:30 PM

Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are. But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun. Cheesy

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it. But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any. Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance. but maybe just maybe. and... one makes it to the moon on adorableness alone. Hey, crazier things have happened in crypto before. At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

Why not. We have been seeing the rise of different Memecoins already for the past few weeks and the volume keeps going up, they can't be wrong about them because the market cap reaches more than billions.

But I would also advise them to simply just sell when the time comes. I'm sure they have done their homework too so it is also a race to dump those memecoins before those shitcoins hits the fan.

Marvelman

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Who doesn't love a cute meme coin? Maybe its not the most scientific investing strategy, choosing coins based on how adorable their little mascots are. But when you see a floofy Shiba Inu or fluffy cat face staring back atcha, it's hard not to throw some money their way just for fun. Cheesy

Sure, yeah probably smart to look at the fundamentals, do some research on the team and technology behind it. But where's the excitement in that? Far as I can tell, cuteness is as legitimate an investing thesis as any. Could these meme coins totally tank and take my money with 'em? I mean yeah, theres definitely a good chance. but maybe just maybe. and... one makes it to the moon on adorableness alone. Hey, crazier things have happened in crypto before. At the very least, it makes checking my portfolio a heck of a lot more enjoyable.

(This is NOT investment advice)

OrangeII

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Well, this is the reason why people still invest in meme coins. They don't really know when their money is really very high. Maybe he didn't expect much about the investment he made in the meme coin, but when the price rose, he might be surprised to have made a lot of money. I think, because of this, people might try to invest in meme coins even for very small values.

Kelward

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Quote from: Bureau on December 14, 2023, 10:09:18 PM

This is how investors fall into this trap by mainstream media, people will now read this article and think that meme coins can make their dream of financial independence come true. They will now start investing in meme coins not realizing that only a few can make such gains, after losing their investment they will go out and talk negatively about cryptocurrencies. It is a never-ending cycle of deceit and scammers are the first to utilize this opportunity. They would create fake smart contracts of the trending meme coin to which a few intellectuals would invest and lose their money.

I'm really grateful to the sincerety of members in this forum for calling memecoins what it is, that most are scams, so newbies will take note and be aware before deciding to buy them. These constant reminders and shared unpleasant experiences of members has made me not to consider investing in any new projects, right from my newbie days till date, because I don't have enough funds to gamble with. The craze for meme coins is there for high risk takers who can gamble their money for high profits on a very short time, not for people who are prepared to wait on the long term for cryptocurrency that'll surely give ROI in bull runs.

Pandji02

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I think it might end someday. Memecoins are just in trend now. And trends are dying at some point.

el kaka22

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I feel like it is going to end, maybe not quickly and maybe not right away but I am pretty sure that it is going to end up being gone eventually one way or another. It is not an easy thing to handle and it takes time to be good at it, and meme coins do get hype still to this day, but it won't be forever.

Like for example, in 10 years time (will be done before that) can you imagine people still being obsessed about these things? I am pretty sure that it is going to be quite alright and not going to have this type of thing at all. I hope that people can fix all of this, but I do not think that it is going to be all that right, it is going to take a while and not be that simple. This is why we need to just be patient and wait it out.

GreatArkansas

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Memecoins is really high risk, high reward right now. So just be careful, anything could happen especially since we are in the volatile part of the market right now.
Memecoins is great, I already made some profits from it but I also lost some.
What I can say is if you just hunt some meme coins, make sure to take profits because it's difficult to prediect when they will dump.

JeffBrad12

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Quote from: wheelz1200 on December 19, 2023, 06:59:30 PM

It will soon end just like any other fad. These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle. Most times people buy in and just become exit liquidity for "the team". Ask yourself this before you buy in, are they solving a problem where this is needed. If not than you can almost guarantee at some point it will become worthless. That timeline is the million dollar question.

meme coin honestly i think doesn't need to solve a problem, it just need to exist for people to manipulate and speculate using the coin and thats it, unfortunately such trend are gonna be long lasting, so many people are inspired being rich from just investing a dime, but we all know that those that get rich from investing a dime are only very few people probably only amounts to 1-3 that invest very early and also sometime its someone that have big posession of the coin from early on.
therefore to be honest getting rich from such meme coin is matter about being the early birds and therefore the reason why so many people out there wanted to be be the earliest by kept on investing in so many meme coin even though the rate of success is kinda low since we all know for sure that there are too much meme coin which equates to being shitcoin being generated every day.
and also judging from the trading volume of many meme coin in existence, the trend isn't gonna be fading anytime soon.

JeffBrad12

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Quote from: wheelz1200 on December 19, 2023, 06:59:30 PM

It will soon end just like any other fad. These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle. Most times people buy in and just become exit liquidity for "the team". Ask yourself this before you buy in, are they solving a problem where this is needed. If not than you can almost guarantee at some point it will become worthless. That timeline is the million dollar question.

meme coin honestly i think doesn't need to solve a problem, it just need to exist for people to manipulate and speculate using the coin and thats it, unfortunately such trend are gonna be long lasting, so many people are inspired being rich from just investing a dime, but we all know that those that get rich from investing a dime are only very few people probably only amounts to 1-3 that invest very early and also sometime its someone that have big posession of the coin from early on.
therefore to be honest getting rich from such meme coin is matter about being the early birds and therefore the reason why so many people out there wanted to be be the earliest by kept on investing in so many meme coin even though the rate of success is kinda low since we all know for sure that there are too much meme coin which equates to being shitcoin being generated every day.
and also judging from the trading volume of many meme coin in existence, the trend isn't gonna be fading anytime soon.

wheelz1200

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It will soon end just like any other fad. These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle. Most times people buy in and just become exit liquidity for "the team". Ask yourself this before you buy in, are they solving a problem where this is needed. If not than you can almost guarantee at some point it will become worthless. That timeline is the million dollar question.

Miles2006

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Quote from: wheelz1200 on December 14, 2023, 05:04:16 PM

Meme coin stories like this is like the lottery. You will hear about these often but what you don't hear about is the loses. Mlre often than not people lose money in these things. Meme coins were a trend in 2020/21, you can bet it will fade at some point. There is no purpose for these projects or tokens so it's all empty air driven by greed. Be weary

Exactly, stories like this mostly common in the gambling section, sometimes people who share stories like this are part of the community let's just accept the fact that anything that looks risky we will never hear about the bad but rather the testimonies and praises to lure newly investors who doesn't know their left from right, I don't know if the story is legit but anything that concerns social media and the public especially when it comes to good news people will definitely follow the hype, I don't think the investor will choose long term investment cause when dealing with new tokens don't just follow the hype rather be a wise investor and sell even if it's a short term investment just follow the market.

Nrcewker

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Investing in a meme coin comes with high risk to be honest. 95% of the time, these meme coins have crashed and the investors have suffered huge losses. But on the other hand, if we talk about the rest 5% time, then traders have made huge scale profit. As the name suggests, it’s very high risky trades to buy these coins. If you are willing to take high risks, then definitely you will get high rewards in return. The craze to invest in memecoins will always be around the traders.

danherbias07

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We ain't sure if that is real. Do remember, some projects would do this to gain fame, and next to that is buyers trying to buy their coins to increase the demand. I have bought some memecoins and like you said they are now buried in the cryptocurrency market and I don't think I will be able to recover that. Luckily, I didn't go beyond the point where I will regret it. I just tried some of them, played with trading, and then increased the amount. Now, I am not purchasing anymore because of the truth that most meme coins will not give the kind of returns as your example. If someone finds a gem, it will be like a needle in a haystack and that's near impossible.
Still, I won't just believe this kind of story and go running to buy meme coins. It's still better to just buy coins with real projects that can back them up, although the returns and profits are long-term, the important part is our money is secured and it won't be dumped like how they do with meme coins.

Mpamaegbu

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I've seen quite a few of these meme stuff recently with once established projects trying to use them to revive their native tokens. Solana is leading that pack. As long as penny and little-to-nothing-price-worth projects continue to come to the market, there will be people who will find them appealing. This set of investors are likely to see these cheap tokens as alternatives to those they perceive as already high in price. Some are going to invest ignorantly while some will do it knowingly with the aim of getting out before a dump. Whoever that gets caught up in memetoken investment shouldn't blame anyone if it goes sour.

Mate2237

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Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

Well that is nice trade and the present market cap of the coin is $0.1836 which is a good growing coin in the cryptocurrency ecosystem space. And another thing is for it not to come down again and. Instead growing up because most of the coin would give hope to people at the initial time and later will run down to a very low price. But op I have not really gotten your figures very well. You said, a guy made a purchase of 100x and and base on the DeFi market he made a profit of 100k. How? Because the even the price of the coin is not yet $1.

Pamadar

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Quote from: radjie on December 19, 2023, 06:31:31 AM

Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The risk is too big to try your luck buying Meme coins for trade, especially if you spend quite a lot of money. However, luck can come to anyone, by chance it could be that people who buy Meme coins can get multiple profits, but this opportunity cannot come a second time because the increase that occurs in Memecoin will not last long like other types of Altcoin

Indeed, meme can mulitply your investment up to that unexpected benefits, but timing is important but once the market already
fading expect that you won't be able to make that expected profits.
More on the chance that you will lose your money as the market will start to dump down and support will no longer show up unless
whales will continue to play that pump and dump market sways.
Be very careful riding with meme, use spare money, amount that you are willing to let go, it's similar to gambling, when luck
is not around you will lose your money.

ice18

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Quote from: Sophokles on December 19, 2023, 07:54:40 AM

Quote from: jrrsparkles on December 14, 2023, 03:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

How do you find the right coin to invest in? Meme coins are one way to wash up illegal money. Sometimes whales use these unknown project to launder their black money and any money that is related to any exploit or hack to cover their footprint. First they create a memecoin with a funny name and then distribute the supply to different wallets to show this project has real investors. Then pump the price with all of those illegal funds and then dump again from those dummy accounts. In this process few dude got lucky and purchases the token and the story amaze us.

Looks like they are group of influencers on twitter promoting this memes on Solana network and new investors who got FOMO always trap in the top without any profit, only devs and this promoters are making money on this scheme so beware joining newly created memes it can dump really fast and lose all your money.

Kelvinid

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Quote from: Makus on December 16, 2023, 08:54:21 AM

Yeah meme coins are very good in making such profits since they are very volatile, but as this same time they can also make all your investment fall to the ground. Meme coins seem to be the current trend but to me, its just another trending scam in the crypto space. Lots of friends have made some profit that are very attractive and can be a bit persuasive from memecoin but I don't give a fuck, even if they make a $1million profit of a $10000 investment, I still am contented with the bitcoin I hold, my advise to other who hold meme coin, please be careful, the issue of scammers into the crypto world is becoming too much, and meme coins might be their next target.

Meme coins are not highly volatile but it was a manipulated price made by whales or even the developer of the said project. Buying them is not a wise choice especially if we are planning to hold long-term because they all turn to dump and have less chance of rising back. It was pretty attractive because of the hype, of course, can't imagine someone making a profit 1000x after a few days but guess what, this will become a nightmare for late investors as they have lost their money.

Well, can't deny that many earn a lot from them but countless individuals also suffer losses because after buying the price falls instantly, and have no chance of selling because nobody is buying anymore.

Topic: Craze for Meme coins never ends? - page 3. (Read 654 times)