End of memecoin season by Vitalik Buterin or not?

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Quote from: CaVO32 on August 15, 2021, 06:11:13 PM

Quote from: ene1980 on August 15, 2021, 06:06:05 PM

Quote from: Slow death on August 09, 2021, 06:01:19 PM

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It's sad what you see in this cryptocurrency market, someone wakes up and creates altcoin named after a Japanese fish or a dog name and so many people buy the coin making the coin creator become rich

This is going on for a long time and so is the reason some of the project developers are anonymous because they keep on changing with their ideas and they usually copy other source code and launch their own coin and in the end when everything is set and done the developer will be making millions and they move on to the next one.

And gullible investors keep on buying these worthless tokens. These crappy projects will not grow like mushrooms if there are no naive buyers. However, people are patronizing this kind of hype so these "developers" keep on creating crap projects. And then, people are blaming this scamming technique, but what we can do, is to be more cautious with our investments. Because they don't care if you are screwed as they all want is to get more money for their pockets.

Some of them are whales who profit from people who buy meme coins since it's easy money for them. You'll need to do a lot of research or bought during pre-sale or whitelisted on a private sale to avoid being roughed up by the developers or exploited by the whales. The developers are the ones who benefit the most from these meme coins because I personally know some people who develop shitcoins and make a lot of money by simply spending time developing and promoting them so that a lot of people will buy it.

CaVO32

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Quote from: ene1980 on August 15, 2021, 06:06:05 PM

Quote from: Slow death on August 09, 2021, 06:01:19 PM

~
It's sad what you see in this cryptocurrency market, someone wakes up and creates altcoin named after a Japanese fish or a dog name and so many people buy the coin making the coin creator become rich

This is going on for a long time and so is the reason some of the project developers are anonymous because they keep on changing with their ideas and they usually copy other source code and launch their own coin and in the end when everything is set and done the developer will be making millions and they move on to the next one.

And gullible investors keep on buying these worthless tokens. These crappy projects will not grow like mushrooms if there are no naive buyers. However, people are patronizing this kind of hype so these "developers" keep on creating crap projects. And then, people are blaming this scamming technique, but what we can do, is to be more cautious with our investments. Because they don't care if you are screwed as they all want is to get more money for their pockets.

ene1980

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Quote from: Slow death on August 09, 2021, 06:01:19 PM

~
It's sad what you see in this cryptocurrency market, someone wakes up and creates altcoin named after a Japanese fish or a dog name and so many people buy the coin making the coin creator become rich

This is going on for a long time and so is the reason some of the project developers are anonymous because they keep on changing with their ideas and they usually copy other source code and launch their own coin and in the end when everything is set and done the developer will be making millions and they move on to the next one.

odukoyaewatomi27

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What Vitalik did by selling off these meme coins and donating it to Covid relief in India is really admirable in my opinion. First of all the meme coins creators were trying to leverage the influence of Vitalik to promote their coins which provide no known value. So if Vitalik had held unto the coins or used it for personal uses, then it would have been some sort of endorsement for a project he has no connection with.

irsada

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Quote from: TelolettOm on August 09, 2021, 06:51:42 PM

The end of Memecoin is like other hype coins, it happens when something new is coming and booming more than those meme coins. that is the NFT games.
Sof ar, NFT games are the most popular tokens and coins with their interesting utility.
Once it has been increasing and rising up more than other altcoins.
S far, we know that meme coins like Shiba Inu follow Doge, and once Doge is none, it will also decrease the value of other meme coins. Moreover, a meme coin is just a meme, so it may not offer very high value.

But still there are people who make coin memes even though they are no longer sold in the market.
that's how the market is today memes are made just for gimmicks.
nothing is profitable anymore, everything newly listed on coinecko or CMC is no progress and the price keeps dropping.

Mahanton

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Quote from: xiboothrezi on August 09, 2021, 05:30:17 PM

Quote from: devollito on May 27, 2021, 04:20:37 AM

Those coin above i call it "Fork of Joke Coin" and it must ended sooner or latter. I advice people not to buy such coin. You will lose your money anytime. Better start feeding bitcoin marketcap. And vitalik did the right thing by throwing away joke token. He dont need it.

this is just a game and a joke, but when there are influencers who promote it then it will become popular and affect many people's perceptions so that the market moves along.
scammers and fraudsters take advantage of this moment to attract attention, the target is new users and ordinary people who are fomo because they missed the previous popular meme coin. unfortunately this is just a trap. coinmeme was created for instant profit, by utilizing the community or influencers, so if the support of the influencer and the community is lacking then it will be nothing, and end up being a real joke.

We know that this market could really be that highly reactive when it comes to trends and news and if a certain known person or influential would recommend something then it turns out that it would
really be making up some noise and this what happened on meme coins when Elon had tried to shill out or support Dogecoin on where it did really make out some significant interest on the market
and turns out that other meme coins had really do the same and there are lots of new meme coins had popped out in the market like mushrooms.
Ending of the season? It is already happening because it did turn out to be quiet already.

TelolettOm

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The end of Memecoin is like other hype coins, it happens when something new is coming and booming more than those meme coins. that is the NFT games.
Sof ar, NFT games are the most popular tokens and coins with their interesting utility.
Once it has been increasing and rising up more than other altcoins.
S far, we know that meme coins like Shiba Inu follow Doge, and once Doge is none, it will also decrease the value of other meme coins. Moreover, a meme coin is just a meme, so it may not offer very high value.

Slow death

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Quote from: ?? on ??

The market is too overheated FOMO, this will only lead to losses and seas of blood.

the market has already recovered but the problem is that this recovery was only on the bitcoin side, altcoins are having a big price drop against bitcoin pair - altcoin but this can also be a good chance people buy altcoins now and wait when bitcoin price stagnates in a zone, at that time altcoins will be able to easily make profits of more than 2X

Quote from: xiboothrezi on August 09, 2021, 05:30:17 PM

this is just a game and a joke, but when there are influencers who promote it then it will become popular and affect many people's perceptions so that the market moves along.

It's sad what you see in this cryptocurrency market, someone wakes up and creates altcoin named after a Japanese fish or a dog name and so many people buy the coin making the coin creator become rich

xiboothrezi

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Quote from: devollito on May 27, 2021, 04:20:37 AM

Those coin above i call it "Fork of Joke Coin" and it must ended sooner or latter. I advice people not to buy such coin. You will lose your money anytime. Better start feeding bitcoin marketcap. And vitalik did the right thing by throwing away joke token. He dont need it.

this is just a game and a joke, but when there are influencers who promote it then it will become popular and affect many people's perceptions so that the market moves along.
scammers and fraudsters take advantage of this moment to attract attention, the target is new users and ordinary people who are fomo because they missed the previous popular meme coin. unfortunately this is just a trap. coinmeme was created for instant profit, by utilizing the community or influencers, so if the support of the influencer and the community is lacking then it will be nothing, and end up being a real joke.

Chathusand

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This was bound to happen sooner or later. MEME coins were gaining ground on the market, and someone had to intervene. May be this mission was assigned to a Vitalik Buterin. He performed admirably. Despite the fact that many people are upset about the vitalik buterine, the MEME coins have become annoyingly popular, which is not cool.

devollito

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Those coin above i call it "Fork of Joke Coin" and it must ended sooner or latter. I advice people not to buy such coin. You will lose your money anytime. Better start feeding bitcoin marketcap. And vitalik did the right thing by throwing away joke token. He dont need it.

tippytoes

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Quote from: crazy-pilot on May 26, 2021, 05:31:26 PM

It seems to me that everything will depend on the direction of the global trend.

What did vitalik do? He sold his meme coins that he got from the developers. What prevents you from creating a new meme coin and not giving anything to vitalik?
Nothing.

What prevents meme coin from showing crazy xx on a growing trend?
Nothing.

Therefore, if the trend is bullish, nothing will change, just no more free coins will be sent to vitalik.

And he is very clear with that as well, he said that instead of sending it to him, better send it to others who badly need the funds. Maybe those devs that sent him those large amounts, didn't expect that Vitalik will send those tokens to charity. Usually, it will just stay on his wallet. And because those tokens got popular in the market, he took the advantage of giving it to charity instead of pocketing it on his own. I really appreciate about this move. I hope those meme tokens will stop sending those tokens and just do their own business.

crazy-pilot

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It seems to me that everything will depend on the direction of the global trend.

What did vitalik do? He sold his meme coins that he got from the developers. What prevents you from creating a new meme coin and not giving anything to vitalik?
Nothing.

What prevents meme coin from showing crazy xx on a growing trend?
Nothing.

Therefore, if the trend is bullish, nothing will change, just no more free coins will be sent to vitalik.

jostorres

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You have done some insane digging to find the exact numbers man. Well done. It's incredible to read the data like that and yeah looks like Vitalik has put an end to the meme coins but has also risked not getting more meme coins for free Grin

.

Quote from: Review Master on May 12, 2021, 03:12:27 PM

Total ETH from those selling: 1049.55 ETH

Isn't it insane that he sold this many coins because if someone told me there is a meme coin in the market named Akita Inu, I would have not even guessed that the coin has a total market cap of 1000 ETH, which as you mentioned Vitalik alone sold.

Quote from: Review Master on May 12, 2021, 03:12:27 PM

$1 Billion worth of SHIB token sent into "India Covid Crypto Relief Fund" address:[/i][/u] https://etherscan.io/tx/0xb65bcbb85c1633b0ab4e4886c3cd8eeaeb63edbb39cacdb9223fdcf4454fd2c7

This is the news that actually started circulating like fire around everywhere maybe because it was a big accomplishment from Vitalik. I think Vitalik is really smart he spent nothing from his own and still became a hero in the market while also putting an end to the meme coins, at least hitting them hard.

But from now on, I don't think he will get these coins which is maybe what he wants actually.

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Quote from: bitkanu on May 23, 2021, 07:10:37 PM

Quote from: raes on May 20, 2021, 09:16:50 PM

I was also surprised to see binance listing new coins of Shiba to their list of exchanges.

Binance can't be blamed caused by it was only following the trend in the market. When you are having a business and then you may always need to adapt with the condition in the market. The volume gets centralized on the shiba and if binance was no adding it and they will be loosing good momentum to take the benefit from the shiba coin in the market.
So many people have been getting the same feeling like you. You are not the only one.

that's the fact! Binance is a business and they are after the sentiments of the market, if there's a pressure to add this kind of memes and they've seen good potential of certain assets,

Expect them to analyze it and see if the project will bring them the favor that they wanted, beside, Shiba team manage to pay the listing and the project is gaining support from its community.

Binance gained good amount of benefits as this project brings traders and investors to their platforms, exchange fees is really bein enjoyed.

deathcode

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Quote from: bitkanu on May 23, 2021, 07:10:37 PM

Quote from: raes on May 20, 2021, 09:16:50 PM

I was also surprised to see binance listing new coins of Shiba to their list of exchanges.

Binance can't be blamed caused by it was only following the trend in the market. When you are having a business and then you may always need to adapt with the condition in the market. The volume gets centralized on the shiba and if binance was no adding it and they will be loosing good momentum to take the benefit from the shiba coin in the market.
So many people have been getting the same feeling like you. You are not the only one.

wouldn't it be feasible when binance listed Shiba on their list? Seeing how the current achievements of the Shiba also do not disappoint with its good market capitalization. The market response to this one is looking good. maybe it will be a market deal to make Shiba as good as Dogecoin.

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Quote from: bitkanu on May 23, 2021, 07:10:37 PM

Binance can't be blamed caused by it was only following the trend in the market. When you are having a business and then you may always need to adapt with the condition in the market. The volume gets centralized on the shiba and if binance was no adding it and they will be loosing good momentum to take the benefit from the shiba coin in the market.
So many people have been getting the same feeling like you. You are not the only one.

Binance can blame on the crowd for their listing decision. They list meme token with a reason from crowd demand but they can not deny they are greedy with trading fee they can get from SHIBA.

The crowd can not blame on Binance for their loses with trading or investment with the shit meme token. They don't say thanks to Binance if they win and they blame on Binance if they lose.

Vitalik can not be blamed for any decease of meme token trend. It will be deceased with time and the crash of Bitcoin is enough. Vitalik does a right thing and I support his latest response by burning 90% of his airdroped SHIBA tokens.

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Quote from: raes on May 20, 2021, 09:16:50 PM

I was also surprised to see binance listing new coins of Shiba to their list of exchanges.

Binance can't be blamed caused by it was only following the trend in the market. When you are having a business and then you may always need to adapt with the condition in the market. The volume gets centralized on the shiba and if binance was no adding it and they will be loosing good momentum to take the benefit from the shiba coin in the market.
So many people have been getting the same feeling like you. You are not the only one.

tiCeR

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It should be over for meme coins now once and for all except for very rare occasions where a meme coin maybe even has some good features. Other than that a coin with a dog on it won't make it again in the future.

Vaculin

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Winding down.

We have to take responsibility for our investment as in the first place no one urges us to invest these meme coins but it is ourselves doing it. So there is no reason to blame people because we lose as it was not their fault.

I invest only in reliable coins like BTC and the rest of the top altcoins, not these meme coins. If we have the same mindset I believe people never have suffered losses but somehow, they are chasing for x100, x1000 profit and those meme coins could possibly give them so there are taking the risk. And so they don't have the reason also to blame the market for what will happen to them as it was their choice.

Topic: End of memecoin season by Vitalik Buterin or not? (Read 804 times)