Topic: Do not be pulled by the hype of meme coins - page 10. (Read 1144 times)

You are make a great point OP, I keep saying if you are not among the early adopters of the coins, It's better to stay clear, As an early adopter, investing 100 dollars will give you so much tokens and when the hype comes, the 100 dollars worth of the token, can give you tens of thousand of dollars. Once the hype comes, it's always risky to invest because more people will dumped and move on

That's right for these meme coins, it can be profitable for those actual early comers but not those that have been too late for the hype. That's why there are winners and losers on this one because the winners have to eat up the money of those losers and the late ones.
We can't change the minds of those that have been brought up by the hype of these meme coins because they think that it's the only one that can make them rich. But if the time comes and they're the ones who are losing their money, soon, they might realize that everyone who's talking like this are correct.

This topic will be more appreciated at the altcoin section than here.
Then talking about those who venture into altcoin within just a hype of the project or even the community making too much promises without them understanding the real language of crypto. To me is a game of the wisest, meaning being smart enough could give you lots of opportunities than being just there thinking to make all profits by holding altcoin. I know those who hold for long always engaged their selves with holding bitcoin instead of altcoin. Moreover whatever called memecoin is a pump and dump which I won't encourage anyone to venture into it for long time investment.

The major source memecoin feeds from is hype, this is what keeps them afloat, right from the Time doge coin blew up all thank to the influence of Elon musk, and the hype that was generated through it. Although doge coin is one memecoin that has still tried to remain solid even though it can reach the height it had reached previously.

Coins like Pepe now seeing some degree of success this is the benefits of FOMO (fear of missing out) created by their community and has captured many pushing them into the project, the negative side of this is that some people would be affected negatively by this in the long run, any project that has not long term assurance should not be a fancy to anyone.

These meme coins ride with hype and the community and you are right about this. But I don't think they will make people rich, only early investors and their owners make money out of them. I don't think they have a strong community like other altcoins but people who want quick money will get involved in them.

Shiba inu improved in the popularity of meme coin and pepe has rekindled that fire after its initial success, this has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.

Lovehateinu is an example of a meme coin some website praised but has been underperforming after its listing. People should be aware that meme coin ride in hypes and the size of it's community since most lack a need they satisfy. The poor community of lovehateinu was like a flag that should have shown that the coin isn't going x40.


Pepe success came as a result of its large community and the speculation that it would be listed in binance, now its listed and investor have jumped to another and those doing HODL like they holding Bitcoin are up for a bumping Ride.

What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.


Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.