how do you think meme coinis? | Bitcointalksearch.org

deathcode

copper member

Activity: 1414

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

The advantage of memecoin is that pumps and dumps can occur very quickly. that's very normal for memecoin prices. not all memecoins will be good for you to invest in. You have to take a good look at memecoins that have potential. and choosing memecoin I think is quite difficult at the moment. and maybe you should pay attention that memecoin will not be suitable for you to hold in the long term. Once you get an increase in price, then sell without regret. that would be better for you than thinking memecoin will continue to rise.

adaseb

legendary

Activity: 3738

Merit: 1708

Meme coins shouldn’t really have any value however take Dogecoin for example. After 10 years it still exists. And there is also SHIB which I assumed would of died off by now but didn’t. Then there is PEPE and WIF which will also most likely survive.

So just because a coin has no purpose doesn’t mean it’s going to go to zero. If there is a market after it, it will pump like crazy even if it’s worth less.

GreatArkansas

legendary

Activity: 2282

Merit: 1344

Buy/Sell crypto at BestChange

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

It's really risky right now. But sometimes joining with the hypes just to make money is good.
A lot of memecoins right now that randomly pumping without any reason, some are manipulated, some losing money, and some making money. This is really the sign of a bull market and for me, it's kinda becoming normal.

LogitechMouse

legendary

Activity: 2422

Merit: 1036

Chancellor on brink of second bailout for banks

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Most of the meme coins doesn't have any potential or any use-case at all.
Most of them are being created for the sake of profit. Nothing more.

Some of the meme coins are being labeled as "the coin of the community" that's why they're being created under a specific blockchain, but in reality, most of them don't have any benefit to the users at all except for profit (if they can get out with profit of course). Advantages? I can't think of any aside for the fact that they can give huge profits to a very few investors. On the other hand, that advantage can be a disadvantage of course because not all investors will make profit on meme coins because most will lose their money especially those who got FOMOed.

Overall, some of the meme coins might be a good short to mid coin to hold, but most of them are just trash shitty coins that are being created for the sake of profit.

lalabotax

full member

Activity: 1498

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Can we say that meme coins are really like blades? 1 Siis, that's not a problem and even helps us in some things. but on the other hand, it could be dangerous for us. Yes, this is indeed what is happening right now. Meme coins are often hype coins that appear repeatedly and find almost the same progress and market conditions. namely they optimize in marketing so they can hype as best as possible. After that, they will find that the price of meme coins has skyrocketed very quickly.

After?
Don't ask that, because after that, we won't be able to guarantee it. In the long run, these meme coins will actually be revenge for those of us who are late in taking profits and taking opportunities. because once it's too late to gain profits, there's no chance left.

So, be careful with meme coins if you are new and not familiar with how they work sofar.

Yatsan

legendary

Activity: 2394

Merit: 1231

Leading Crypto Sports Betting & Casino Platform

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Every coin has its potential to be recognized by investors. Meme tokens are just being belittle by most of us because it is often haaving no utility unlike with other coins. However, we saw it a couple of times; meme tokens haaving a massive price increase in a short period of time; imagine being able to ride the tide. Indeed, most of the time, hype and manipulation are the things which causes sudden price increase but that's still an opportunity to earn profit from investing to these coins, no matter how we look at it, that we should take advantage of whenever there is. Just be mindful that sudden price decline could take place and that is for you to watch out if you are aiming to engaage in meme coins. And if you are too worried, then there are other projects as an option. We do have different risk tolerance and appetite in the first place.

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: kentrolla on April 09, 2024, 09:45:13 AM

I am sharing my personal opinion as I consider memecoins as nothing less than gambling because the projects don't have anything to offer as a technology or solutions and the profit and loss are depending on luck as it can give you 10x or 100x or else it can turn your capital into zero in no time. I wouldn't suggest anyone to invest into memecoins if they are looking for genuine investment but if you are considering it like gambling then go ahead. I don't find any realistic use case of memecoins and there are hundreds in the market.

Why less than only? You should say more than or equal to gambling. Those who want to try to earn a profit, will look for a genuine meme coin because there are also scam meme coins. They can only lack in utility which makes their life span shorter, so we should also treat them as a short-term investment.

We can also trade them. If we like to gamble, it's better to just do it in a real casino because even if you lose your money at them, at least you will enjoy and then you can also help someone else because most casinos are tax payers and I think our tax can also be donated by the governments those people who are in-need of help. Casinos them selves can also do donations directly.

Essential10

member

Activity: 210

Merit: 39

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Due to the increase in the prices of the top coins in the market, many meme coins are entering the market with very attractive offers. Among them, it is the most difficult to predict exactly which meme coin you will be successful in investing in. We have seen many times that many people have pocketed huge profits overnight by investing in meme coins, but I think it is better not to invest in such coins because you can make mistakes in selecting the coins most of the time. Many times after being convinced about the benefits of Meme Coins you may end up getting cheated. Although the decision is yours, if you want to invest in meme coins, invest money that you won't regret losing.

Wexnident

hero member

Activity: 2506

Merit: 628

I don't take loans, ask for sig if I ever do.

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

For fun. Their advantage? I guess you can say they pump really high and really fast so if you can get lucky and time it properly, you can quickly double, triple or even more your initial investment rather easily. Sadly imo anyone who's able to take advantage of those instances, or at least the vast majority of them, are insiders of the pump-and-dump scheme. Not to mention that only some meme coins are inside that circle. Sometimes they're just straight-up scams so they just take your money and leave immediately.

Outside of that, nothing really. They're usually made to represent a well known meme in the internet, and mostly for fun imo.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

You see it spreading its because they are riding with the hype and to many scammers create a token to take advantage of peoples want to earn.

So if you don't want to be a victim of those meme coin scams much better if you ignore or erase the thoughts of investing on any of those since there's nothing you can get there and getting scam is more likely to happen rather than gaining some profit with those tokens.

If you still convince that meme coin is good due to some several people earning with this tokens then even if some people earn there's still a lot more people losing their money because they didn't know how to anticipate on when those scam devs will pull their exit scam so think about it.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Never forget, potential is not the same as a consummated reality, very often we see people that are just like you that got convinced to invest in meme coins, and suddenly they are completely sure the meme coin they bought is going to make them a fortune, but this hardly happens, with the most common scenario being the complete opposite, in which investors lose all their savings due to their mistakes, and unable to accept this truth they blame everyone else for their irresponsible actions.

Kelvinid

sr. member

Activity: 2800

Merit: 344

when lambo...

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

When it comes to popularity, they already have it and also, they are profitable in short-term during hypes. But yes, not all of them are worth investing in because many of them are also scams and much more if we think holding them long-term.
- don't buy them if you are just new and have no marker experience yet.
- they are not meant for long-term investment. Therefore, you need to be smart enough not to choose them if you are into that goal.
- too risky. Don't get into it if you are not a risk-taker, losing is way possible especially if you missed the hype.

siedemtrzy

jr. member

Activity: 76

Merit: 1

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

They have potential, but they have nothing besides hype, fun, and pump potential. And this pump potential depends on hype and luck.

bluebit25

sr. member

Activity: 1624

Merit: 292

Eloncoin.org - Mars, here we come!

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Honestly, it's like a stage with scams, with no potential at all because that's how some parties attract attention with the sole intention of making a profit. But let's actually look at dogecoin, shib, pepe,... do they have any features? And if you simplify fomo, or just take a short-term approach with quick profits. Even the top altcoins in the market have ways of painting vague features to fool people into thinking they are features. Anyway, the theory doesn't have much meaning, but experience and feel, whether you keep memecoins in your wallet just to look good or is it a serious investment to help you have a chance.

Belarge

member

Activity: 378

Merit: 76

Eloncoin.org - Mars, here we come!

Quote from: kotajikikox on April 10, 2024, 02:11:24 AM

Investors who are looking for quick and easy profit returns often turn to memecoins.

Memecoins are very volatile but the good thing about them is that they are cheap but provide really high returns the risk here is that you should be able to find a memecoin early on before it gets too expensive otherwise you would just be losing much. Most memecoins though die after reaching a peak that is why it’s often only good for short-term investments

Short and long-term investment, which is more profusely? I'm sticking to longterm investment when it involves the top projects but when it involves short-term projects, I prefer these memecoins because they're filled with high volatility and makes unplanned moves. We should always be involvement with the trends and make sure we're grabbing our back to back winnings, though it's not going to be easy but atleast we're aiming for our topups in the market. Memecoins are simply here to make the smart investors more richer and makes the unfortunate ones miserable because they will definitely lose huge figures. Don't ever trust in memecoins because there's more to been learned and witnessed.

Kelward

full member

Activity: 364

Merit: 220

Eloncoin.org - Mars, here we come!

Quote from: alastantiger on April 09, 2024, 05:20:20 AM

Quote from: _act_ on April 09, 2024, 04:15:16 AM

But when the bear market comes, many people will regret that they invested in meme coins as they will drop more in price.

Let me throw some light on this so that the OP will full understand assuming he or she doesn't. Most memecoins are like ponzi schemes. Just as in a ponzi scheme, early investors profit at the expense of later ones. During bull markets the excitement and hype around these coins can blind people to see them for what they truly are -potentially flawed projects. Their eyes become eventually opened during the bear market because those who bought in late often end up will get rugged and the coin will be worth even less than a dollar.

Memecoins can be likened to Ponzi schemes, their projects are pumped massively to entice new investors, when this happens, the project can just vanish, and the latter investors with bear loses, so it's better to get in early, make some profit, don't be greedy and sale before the ship will sink. So investing in memecoins is risky and you'll be gambling your funds in doing so, there are more scam projects in them, although we have a few reputable memes like dogecoin and Shiba Inu.

kotajikikox

full member

Activity: 2366

Merit: 207

★Bitvest.io★ Play Plinko or Invest!

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Investors who are looking for quick and easy profit returns often turn to memecoins.

Memecoins are very volatile but the good thing about them is that they are cheap but provide really high returns the risk here is that you should be able to find a memecoin early on before it gets too expensive otherwise you would just be losing much. Most memecoins though die after reaching a peak that is why it’s often only good for short-term investments

AVE5

member

Activity: 154

Merit: 33

Eloncoin.org - Mars, here we come!

Quote from: shanhaigamefi on April 09, 2024, 04:12:00 AM

I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?

Every coins do have their own potentials, it just depends on what you expects from a particular coin. We primarily invests to make profits but Investors terms of Investing differs such as those who invests for the long term and those for short term goals.
Talking about finding the MemeCoins at most places in the medias and most blockchains, It's basically out of enforcing the coins to trending by hyping through the developers to self interestingly influence Investors to Invest on the coins.
Unfortunately greedy Investors usually falls to its victim because as the coins gains popularity of overhyping where then Investors fails to sell their coins at when due but then the MemeCoins at some cases becomes dump or dead.

pinggoki

sr. member

Activity: 1442

Merit: 390

★Bitvest.io★ Play Plinko or Invest!

They all do have a potential, after all, it's the market that decides what meme coin is going to be going up in price, which one makes the most money is definitely the one that's catchy and silliest but relatable meme coin, most of them are try hards at what they want to do so they end up just being a meme coin that has nothing in them. It's a risk to invest in meme coins, always remember that if the potential for a really big profit is at your door when you invest in a particular meme coin, it's probably a good idea for you to take it and don't do it like that Dogecoin millionaire that risk all of his life savings in DOGE but he didn't cash in when it was peaking, he could've turned his life upside down but he decided to fumble the 3 million at that time to hold on to it.

Bureau

sr. member

Activity: 406

Merit: 262

Eloncoin.org - Mars, here we come!

Investing in meme coins are a high risk as these coins don't have any utility. They are community driven coin which are pumped and dumped by the community. They are more volatile than other altcoins. If you want to invest in meme coins then be ready to take loss. A lot of new coins are now being released on Solana blockchain. You can go through those the do your own research before investing.

Topic: how do you think meme coinis? (Read 225 times)