how do you think meme coinis? - page 4.

Sayeds56

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Quote from: shanhaigamefi on April 09, 2024, 03:12:00 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?

Meme coins are have become a hot topic for discussion on various social media platform nowadays. Many new comers in crypto space see meme coins are attractive investment for getting millionaire overnight, which often ends up in significant loss as they are often used by big investors to manipulate their price for their own financial gains.

Please conduct through research before taking entry in such hyped coins.

btc78

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Quote from: shanhaigamefi on April 09, 2024, 03:12:00 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 question of whether they have potential depends on which specific memecoin you are talking about.

Some do while some do not have potential. Many would argue that memecoins are useless because they are just coins made based off of memes from the internet with usually no real world use which makes it a lot riskier to invest in because there is no utility beyond entertainment. Nowadays though memecoins are trying to break that stereotype and are looking at ways to improve their functionality.

An advantage I can think of about memecoins is that you can easily earn some profits from especially during its initial launch because memecoins are usually already in “demand” because of the community behind it. It’s after that initial launch that you would have to be careful with. If you want to invest in memecoins just make sure to pick the best possible one.

Husires

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Quote from: shanhaigamefi on April 09, 2024, 03:12:00 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?

There are hundreds of topics about memecoin on the forum, and if you search, you will find everyone investing in them because they expect to make profits, but the percentage of those who get a good profit compared to other alternative currencies is not high, as memecoin is not a golden investment or a free opportunity.

DeathAngel

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There are dozens of other threads discussing meme coins on the forum, you could have used the search function & posted in an existing thread. My opinion on meme coins though is that if you hit the right one you can become wealthy but there are lots & it can be difficult to buy the right one. Don't over allocate funds into a meme coin because most of them fail & even those that pump, you can be too slow & not sell in time. It’s a jungle out there, be careful.

kryptqnick

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Quote from: shanhaigamefi on April 09, 2024, 03:12:00 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?

I have nothing against meme coins, as while they're not very useful, at least those projects aren't fooling anyone with a grand purpose or anything. Dogecoin is probably the oldest (or one of the oldest), and aside from being a meme coin, it's been genuinely useful for things like crypto gambling.
Meme coins can be pumped, and the prices can increase significantly. But it's also very risky because these coins have no real value, they exist for fun. So the price can drop just as fast as it grew, which means investing in a coin like this is a high-risk decision.

alastantiger

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Quote from: _act_ on April 09, 2024, 03:15:16 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.

mindrust

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Quote from: shanhaigamefi on April 09, 2024, 03:12:00 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?

Meme coins are just a variant of shitcoins. They are shitcoins at the core but they have a meme/humor sauce on the top. Dogecoin is obviously the OG meme coin which is still funny and make people laugh. I can’t say the same thing for the other coins. They are only shit without a real purpose and they ain’t funny at all.

Their potential is a tough topic. Impossible to know exactly as some people made massive amounts of money from these shitcoins but I think that market is heavily manipulated so I would steer clear of it.

_act_

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Meme coins can help as they increase in price significantly during bull run. You can see how some Solana meme coins increased recently. Some like Pepe and Floki also increased. But when the bear market comes, many people will regret that they invested in meme coins as they will drop more in price.

shanhaigamefi

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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?

Topic: how do you think meme coinis? - page 4. (Read 474 times)