Do you like Meme Coins ? - page 3. | Bitcointalksearch.org

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

Hype = profit I agree, but at the same time, Hype = losses for most people.

Just imagine how many are getting profit in investing into meme coins compare to how many are losing investing from it. TBH, I don't like meme coins because they don't have any use case at all. Even DOGE which has been there for a very long time doesn't have any use case at all aside from the fact that they've been using it for transferring funds because of low transaction fees, and it's transaction speed.

Do I like investing in MEME coins? The risk is too much for me, so I don't like investing into it. I already tried investing into a meme coin one time back when it was being hyped. Tried throwing 20$ on SAFEMOON, and after few weeks of holding it, I ended up losing my money. If I will invest into memecoins again, it would only be DOGE. Still, I don't see memecoins as a medium to long term hold. Well, I know that meme coins is hyped right now, and hype = money. I guess good luck for those who will try their luck in investing into these shitcoins, but as for me, I will not invest into it.

lalabotax

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Exactly NO.
I was once trapped in the Shiba Inu coin meme that time. And this really provides a very valuable lesson for myself to be more careful and not believe anymore in meme coins or hype coins that appear, unless I really understand the right time to buy and then take profits. This requires extraordinary effort and of course high risks. so I chose not to be interested anymore in meme coins or the like.

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Definitely yes if there’s a hype because this is the only way to make profit with them, and after that you should just dispose it and wait for the next trend.

Meme tokens are seasonal, you can make a lot of money with them if you are able to ride with the hype, expect as well that most of the meme tokens will die eventually. Only like them if I make profit, but if its already late to accumulate, better to avoid it.

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Quote from: bitgolden on May 19, 2023, 03:48:59 PM

Quote from: abel1337 on May 18, 2023, 11:02:24 AM

I think he doesn't have any meme coins in the past since he doesn't like it that much. Meme coins are just being given away before as far as I remember it's on year 2016 where I received my first DOGE that is given to me. DOGE that day is serving it's purpose as a tipster coin that is just being given away because of it's low value and high supply but today DOGE are for keepers and ELON really change up the game. I just regret it before that the DOGE I received as a tip before on a certain exchange (I forgot the exchange name) where close now due to bankruptcy and I didn't even had the chance to withdraw those doge from that exchange. It's a sad ending for my DOGE back then but yeah I didn't spend any money from acquiring that.

It was and even today it is because it has a small transaction fee and a coin, not a token that is why it was such an important thing. At some point in the past people lost how to build coins for some reason, it was so easy, doge was built in a day as a joke and people now love it for some reason, well not for some reason, that is mainly because Elon tweeted about it and people jumped on it like crazy, which is a terrible reason to buy a project, I would definitely not consider that as a good reason to buy a coin, but at least it's a coin, most others are tokens and that's a lot worse, why not be a coin instead of a token?

In the end, I bet that all these meme projects will go to zero in the future, not today or tomorrow, but within many years they will be all gone.

99% of them would die and 1% would be able to succeed considering that it is really just that easy to create a coin nowadays and most of them would really be on Binance chain and you could
really see into those dex before they would really be shooting up in regarding into their marketcaps which if you do love to gamble then it wont really be that a bad idea on doing so because
if you do really just know on how to get in early and able to get out when there's some pump then x2 or even more would really be that considerable, but if you are that someone
who doesnt really like to take up some risks then it would really be your choice to make.

I have already some decent time on engaging with meme coins and actually its really that a meme coin season as of this moment where shit projects do make out some pumps.
Wondering on when it would be over and there would be some switch up to altcoin season but well now its just still have some significant interest on meme's now.

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

I degen every now and again for laughs, never really seeing it as a profitable venture or whatnot, so I held a couple of meme tokens in the past, even obscure ones that didn't really made it out of the mainstream, or had founders and devs that pulled the rug on their project at the first sight of a net profit. So yeah, I love memecoins for the sake of memes, not really seeing it as a means to profit even though they're literally the penny stocks of the cryptocurrency industry, just a tad better because there's real money that can be made by the bottomlines and the latecomers. I've put a couple on PEPE a little late after I saw someone profit immensely from their 27 bucks investment, and that's about it for me thus far.

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

if I had money to throw maybe I would try to buy some memes, however my situation does not allow it, I prefer safer projects maybe a smaller profit but not too risky for my wallet

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Quote from: abel1337 on May 18, 2023, 11:02:24 AM

I think he doesn't have any meme coins in the past since he doesn't like it that much. Meme coins are just being given away before as far as I remember it's on year 2016 where I received my first DOGE that is given to me. DOGE that day is serving it's purpose as a tipster coin that is just being given away because of it's low value and high supply but today DOGE are for keepers and ELON really change up the game. I just regret it before that the DOGE I received as a tip before on a certain exchange (I forgot the exchange name) where close now due to bankruptcy and I didn't even had the chance to withdraw those doge from that exchange. It's a sad ending for my DOGE back then but yeah I didn't spend any money from acquiring that.

It was and even today it is because it has a small transaction fee and a coin, not a token that is why it was such an important thing. At some point in the past people lost how to build coins for some reason, it was so easy, doge was built in a day as a joke and people now love it for some reason, well not for some reason, that is mainly because Elon tweeted about it and people jumped on it like crazy, which is a terrible reason to buy a project, I would definitely not consider that as a good reason to buy a coin, but at least it's a coin, most others are tokens and that's a lot worse, why not be a coin instead of a token?

In the end, I bet that all these meme projects will go to zero in the future, not today or tomorrow, but within many years they will be all gone.

lixer

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Quote from: tvplus006 on May 18, 2023, 11:46:15 AM

Quote from: riantolie on May 18, 2023, 11:12:35 AM

I simply not interested in memecoins. It's not investing, it's just gambling. People just don't care that these coins don't have any utility and maybe even were made to be rug pulled at some point.

However, Changpeng Zhao stated that he is not against memcoins. Binance, in fact, lists them, having recently supported pepe, he added. "We tend to follow what our users are active at" - https://www.theblock.co/post/231331/binance-cz-musk-dogecoin This means that as long as there is a demand for the meme coin, there will be a supply.

Binance is an exchange that provides trading services to their customers, so they would obviously have no issues since they understand and clearly see that it is being hyped very badly and people will surely jump in to buy and sell it which is what earns them revenue, so they will obviously list it knowing their customers would want them to do that.

But if you ask an individual investor, he would probably not prefer investing in a meme coin once the hype is over, it is only good if you can manage to get in pretty early so that you can get some profit by the time it hits its all-time high.

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Quote from: Cling18 on May 19, 2023, 01:20:54 PM

...Risk-takers would do best to invest in meme coins, but they also need to undertake extensive research to understand its future potential and movement. It would be wise to capitalize on the buzz, just like other people did, but an investor should maintain their skepticism because scammers are sometimes concealed under meme currencies.

Meme coins are very attractive for beginners who have a very small deposit. Accordingly, such an opportunity to increase your capital hundreds of times cannot stop from investing in such risky coins. But in any case, you will face the problem of choosing the right coin.

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If not for profits aspect I wouldn't advise anyone to venture into buying altcoin memecoin so is very risky and could collapse anytime any moment. If you must invest or involving yourself with meme coin let it be for a short term, like you don't have to wait for 10x to 50x as a trader even 5x is very much preferable compared losing ones investment to a no usecase token.
Sometimes those who hold meme are meant to be very vigilant towards buying and holding it because it could change direction at any given time without your noticed of knowledge.

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Quote from: tvplus006 on May 19, 2023, 01:02:33 PM

Quote from: kevinzxz on May 19, 2023, 10:28:02 AM

I don't like meme coin and I don't hate meme coin either, it's just that meme coin is a ridiculous investment, so people who invest at the beginning will get profit, but those who invest at the end will lose money, that's why I don't like meme coin, because meme coin is like transferring money from one person to another and the risk is very big (the price goes down and it's hard to increase again), so that's what makes me not interested to investing in meme coin.

A trader faces such a problem not only when trading a meme coin, but also another cryptocurrency. You can also buy bitcoin when its price has reached a maximum, and you will have to wait a long time for the coin to correct and reach its ATH again. So in any case, you will have to independently determine the levels of buying and selling coins.

There is no denying that many people benefited from meme coins when they were at their peak. Many investors have profited generously from meme coins by investing on the hype. But when it comes to long-term investment, I don't believe meme coins are the best option. I would still choose a coin with more credibility and potential, like Bitcoin.
Risk-takers would do best to invest in meme coins, but they also need to undertake extensive research to understand its future potential and movement. It would be wise to capitalize on the buzz, just like other people did, but an investor should maintain their skepticism because scammers are sometimes concealed under meme currencies.

kaseygriffin

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In fact, I really don't like the coin meme at all because it has no economic application at all. But as a trader, short-term trading with meme coins is no different from winning the lottery. It is important that you find projects with good pumps and exiting at a reasonable point is also important because their prices can drop at any time. And what I always do with meme coin projects is to lock the initial capital no matter what profit or loss so can avoid loss as well as preserve the money better.

tvplus006

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Quote from: kevinzxz on May 19, 2023, 10:28:02 AM

I don't like meme coin and I don't hate meme coin either, it's just that meme coin is a ridiculous investment, so people who invest at the beginning will get profit, but those who invest at the end will lose money, that's why I don't like meme coin, because meme coin is like transferring money from one person to another and the risk is very big (the price goes down and it's hard to increase again), so that's what makes me not interested to investing in meme coin.

A trader faces such a problem not only when trading a meme coin, but also another cryptocurrency. You can also buy bitcoin when its price has reached a maximum, and you will have to wait a long time for the coin to correct and reach its ATH again. So in any case, you will have to independently determine the levels of buying and selling coins.

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

In order to make those profits then you need to invest on those meme coins at a very early phase and the only ones which can do that are the ones which are legitimately interested in those coins, the rest of the traders can only hope to invest in them once a great deal of the pump is over already.

So with this in mind if you want to trade those coins then do it, but you need to be very aware of this dynamic and at the first sign that things could take a turn for the worse then you need to sell your meme coins whether you made any money or not.

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

I have seen similar topics before. There was a lot of hype about Meme coin when Elon Musk first got into cryptocurrency and started tweeting about Meme coin. But now that hype is gone so I'm not too interested in meme coin now. I don't see much potential to invest in any coin other than Bitcoin and Ethereum. So I am more interested in investing between Bitcoin and Ethereum. So I personally don't like to invest in meme coin now

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Quote from: noormcs5 on May 14, 2023, 01:56:17 AM

These days everyone is talking about the Meme coins and they are trending. Do you like investing in MEME coins ?

Do you like Meme coins and what are your Opinions on Meme coins. I understand Meme coins have no use case but they have hype and that's what you need to make money. Yes, the narrative of Meme coin is very short lived but it may give you 50x or 100x returns within no time.

I don't like meme coin and I don't hate meme coin either, it's just that meme coin is a ridiculous investment, so people who invest at the beginning will get profit, but those who invest at the end will lose money, that's why I don't like meme coin, because meme coin is like transferring money from one person to another and the risk is very big (the price goes down and it's hard to increase again), so that's what makes me not interested to investing in meme coin.

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Often noticing meme coin headlines, people want quick money and meme coin description claims it can give you 50x or 100x return in a short period of time. But can anyone give me a guarantee then I will invest all my money.Those who like to take risk in investment the are can invest in memecoin.To me they are very risky, so I will never do risky investment.Everyone is just speculating on meme coin and seems to exist to make money. I think meme coin should not be one's investment base, because it is risky.

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Quote from: Xampeuu on May 18, 2023, 10:19:00 PM

actually I like meme coins because the market movements, of course, will stimulate adrenaline, and we can imagine. but the problem is that the risks are directly proportional to the rewards, so you have to be careful to be able to determine the right time. but it must be instilled in our hearts that meme coins should not be the basis of our investment, still the main thing is investing in major coins, so that our investment health will be maintained, and of course it will also remain healthy psychologically. and one more thing, in my opinion meme coins are not worth investing in the long term, considering the uncertainty of this coin which is different from major coins

Those who can take the high risk will certainly be taking their opportunity with them. People are saying they have earned a lot during the hype and probably true. That is why it gains more attention and hypes the entire crypto market, and most of the news has been focused on them.
I can't deny that it was tempting and why not try anyway, using a small amount isn't hurt at all if I lose them. But if we think about holding them for the next bull season, I'm doubted it will work for them. I should not be doing that either.

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hmph..

Quote from: isaac_clarke22 on May 18, 2023, 10:46:11 AM

All meme tokens seems to be not really for the long-term. It's called meme for a reason and memes in the internet just gets buried out by time since they're only for temporary entertainment for people browsing in social medial.
Good thing I did not invest to those coin.

Everyone has a different views for meme token. Maybe for some people, memes are not worth to invest and there are those who choose not to invest without giving any judgment. I'm not against the existence of the token meme, and to be honest I'm still willing to take any chances to buy again when I have some extra cash to spare. Even though meme tokens just for fun, there are many meme tokenss that are not just memes, but in the end they have their own utility to maintain their existence. Examples of safemoon with the wallet, shib with the game and another services, catecoin with the wallet and other service, many other examples that can be found from just meme tokens to utility tokens.

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I don't like meme coins. In fact, I hate them. What are their functions really, aside from being pump and dump shitcoins and milking cows of crooked and opportunistic developers?

I understand that Dogecoin has use-cases, practical use-cases in fact. Doge is convenient for tipping and even for betting. But without these use-cases, what's the point of this coin?

So to the rest of the meme coins that have no practical use-case, they're just giving crypto a bad name. They are making victims out of innocent people.

Topic: Do you like Meme Coins ? - page 3. (Read 604 times)