Is it true that Bitcoin and Ethereum have a dependency with Meme Coin or vice ve

QueenVera

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Quote from: mumang siat on July 29, 2021, 10:04:16 AM

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?

All market depends on bitcoin so if bitcoin is not having a good day, they all will fall as well. The meme market is no different as it depends on the success of Bitcoin to increase. Why they pump after Bitcoin has is because the profit from the Bitcoin market is used to invest in them as speculators will be searching for other coins to profit from just as they have from Bitcoin increasing price.

Never has the market been controlled by meme that they will have to increase before Bitcoin or ethereum will then profit from this increase. The increase you see when bitcoin is having a slow day is because of hype and nothing more usually this hype do not last long and the memes fall back to their original value.

Nivia1st

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Quote from: ryzaadit on July 29, 2021, 10:41:46 AM

Any meme coin except "DOGE" they're not following BTC/Ethereum.

They have their own fundamental coins, mostly not following crypto market movement. You want to see meme coin in next 15 years? oh mate, that's is not gonna to happen even not need 15 years with only few weeks or maybe under a weeks after they launch trading the token is gonna died. The reason is simple, because meme token is designed without any use-case.

That's why they're using based fundamental speculation not really following crypto price market.

Yes you're right. meme coins other than DOGE are just shit. they were made just to be dumps. their fundamentals are based on speculation and nothing useful about a coin like this. so there is no dependency as the OP thought.

H1N1

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Quote from: TastyChillySauce00 on July 31, 2021, 01:58:03 AM

no real connection about price increase of meme coins with something else, you must remember that meme coins price heavily influenced by the market psychology or mood, and also add influence of elon musk to that, then you can take conclusion what actually influence the price of meme coins, if price affected by btc or eth, maybe because the market is in bullrun and overall market is bullish, and that not only happened to meme coins, other altcoins too.

I strongly agree with your opinion, we cannot compare top coins such as bitcoin and ethereum with meme coins.
Meme coins price movement can be affected by many factors, makes it more volatile than bitcoin or other top coins.
When bitcoin price increase, we often see other top altcoins like eth, ada, doge or bnb are increase as well, but meme coins are not that often.

Bitcoin Seller

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Actually all altcoins are connected with Bitcoin, as Bitcoin is like an indicator of the crypto market. When people want to know what trend is in crypto, they usually check Bitcoin`s chart first.
On the other hand, sometimes we can see different abnormal phenomena like the growth of shit or meme coins when other currencies are not on good levels. The main reason for this can be different news. If some coins catch the wave of hype they can easily increase by many times.

CrossroadBTC

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BTC isn't depending on any coin most especially meme coins, these meme coins are just depending on hype, they have nothing big going on but people bounce on them like buying a lottery ticket, let's compare meme coins with NFT projects the results are night and day simply because NFT has better reliable use cases

Shallow

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Quote from: mumang siat on July 29, 2021, 10:04:16 AM

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!

I will begin by saying that the massive growth witnessed within Meme coins were some sort of trend, and because it is a trend it lead to people jumping in to take their own cut, this is just the case as with most trends, and the more the trend slows down, the more those projects without good background or without good team dies off; compare the number of Meme coins before with the ones now, you will see that a lot are no where to be found.
About dependency, almost all coins depends on Bitcoin, if a bad news targeted towards Bitcoin is released, it will cause a dump in the market. On the other hand, most of the times, when a trend is growing, it attracts a lot of new investors and users who would like to partake in that trend, but when they make their profits, a lot channels it to Bitcoin or Ethereum causing some sort of growth within them, because that's the coins they can trust for long term; so at this point one can say there is some sort of dependency here but not a big one.
In the case of the future of meme coins, only few will still be relevant because a lot didn't have any roadmap of what they want to work on, but just following the hype.

indrakusumaindra

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Quote from: mumang siat on July 29, 2021, 10:04:16 AM

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!

I dont think they have a huge affection toward bitcoin and ethereum. I do think meme coin is just a meme. They just copying the doge coin and i dont think others meme coins are following bitcoin price, and a lot meme coin only pump dump scam that people do to get a lot money. Lets see how many meme coin will survive in few years, i dont think that will be a lot and buying meme coin definetly not good thing.

isaac_clarke22

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Quote from: TastyChillySauce00 on July 31, 2021, 01:58:03 AM

~

Now that you mentioned it. Emotion and the hype, no?
Feels like it is not just purely joining the memes that caused these meme coins to be pumped really hard. It surely has some emotions involved by other people, because to be honest I don't think that these coins tend to have their own value in the first place.

Robinson66

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No coin will affect Bitcoin, and all altcoins follow the development of Bitcoin. If Bitcoin falls, other currencies will also be affected and fall together. However, if Bitcoin rises, altcoins will not rise. Perhaps market public opinion will have some influence on Bitcoin, but now it seems that Bitcoin has stabilized. Bitcoin is developing steadily. Taking China's ban on Bitcoin mining as an example, there is no fatal blow to Bitcoin, and Amazon’s “rumors” a few days ago have no impact on Bitcoin. Looking at it now, everyone already trusts Bitcoin very much and will not be affected by the rise and fall of other altcoins.
I think they rely on Bitcoin for development.

TastyChillySauce00

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no real connection about price increase of meme coins with something else, you must remember that meme coins price heavily influenced by the market psychology or mood, and also add influence of elon musk to that, then you can take conclusion what actually influence the price of meme coins, if price affected by btc or eth, maybe because the market is in bullrun and overall market is bullish, and that not only happened to meme coins, other altcoins too.

mumang siat

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Quote from: ?? on ??

Quote from: mumang siat on July 29, 2021, 10:04:16 AM

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!

To ensure that coin memes are dependent on Bitcoin and Ethereum you need to look back 10 years, where these coins have worked separately, it's not logical to say coin memes depend on bitcoin or ethereum.

Where do you get these references, whether based on studies or references on social media, you need to learn how this coin works, both memes, bitcoin and Ethereum from original sources.

If not, you are an inconsistent person in the crypto world, don't start something without you knowing clearly, what you convey is a benchmark for beginners who read your post.

It's not found that Bitcoin, Ethereum and coin memes have dependencies, this is just the assumption of people in various posts, but what they are doing is really annoying new people for now.

I don't really trust posts that represent personal assumptions that are not based on analysis, I have also studied bitcoin, ethereum and coin memes in the past few days, but what I get is not true at all what they say in the post. they only represent themselves in giving opinions.

arifteguhr

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It would be hard to understand meme coin will follow the chart of bitcoin and ethereum, each coin has its own fundamentals it doesn't make sense if bitcoin and ethereum will depend on meme coin ten years from now, bitcoin has a good record and has the top position in crypto while meme coin only bonus coins from several projects and never entered the top 10 altcoins in CMC

The only meme coins that entered the top 10 of CMC are Dogecoin, the rest don't exist and often even die after the Hype ends in the market, so don't expect anything from meme coins if you don't want to regret it

lizarder

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Quote from: mumang siat on July 29, 2021, 10:04:16 AM

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.

There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?

Can we discuss for now, I would really appreciate the comments guys!!!!!

To imagine Bitcoin and Ethereum 10 years in the future, you can look at their process 10 years back, meaning that the influence of these two coins is still almost the same as now, because the process of 10 years back these two coins have gone through periods of improvement.

You should not be fooled by people's posts, whatever is conveyed is their right. However, you need to analyze for yourself what is conveyed, how can you easily trust other people's posts, have you not been here for a long time.

Meme coins cannot be associated with Bitcoin and Ethereum, they work independently, if you are not very familiar with this coin, just go to the original Bitcoin and Ethereum link, there you can see for yourself how they work, so you can understand this coin better. correct.

Rakeshten

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Maybe the price of Ethereum and Bitcoin would be 50K and 300K respectively and meme coins will no longer exist in 10 years. As we all know that crypto market is increasing day by day. The Ethereum was of 400$ in November 2020 and now it is at 2350$ and Bitcoin was approximate 14000$ now it is 39000$. They have 6x and 2x respectively. So it shows that market is always increasing.
I think meme coins do not depend on Bitcoin and Ethereum except Dogecoin.

Gozie51

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Quote from: mu_enrico on July 30, 2021, 09:33:23 AM

Unlike BTC as payment and ETH as dapps platform, meme coins have no real world potential except to be used as pump and dump scheme. If about price correlation, I think only Dogecoin has some correlation with BTC & ETH just like @ryzadit said.

You can say BTC & ETH is a real coin for adults, and meme coins are just like a toy for kids.

I think you have done a good observation about dogecoin, After it pump to around 0.72$, it dropped just as bitcoin did and now rising back again unlike meme coins that would dry up after a pump. it may be considered a meme but it has queued up with the big projects corrections like bitcoin and etheruem.

mu_enrico

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Unlike BTC as payment and ETH as dapps platform, meme coins have no real world potential except to be used as pump and dump scheme. If about price correlation, I think only Dogecoin has some correlation with BTC & ETH just like @ryzadit said.

You can say BTC & ETH is a real coin for adults, and meme coins are just like a toy for kids.

bitkanu

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How can you think like that? Bitcoin as the major crypto and it's mother of crypto will never depent to the meme coin. It doesn't have dependency to the shitcoin. Shitcoin is just shitcoin and it's controlled by the whales.
It's not true and if you are hearing this from others and that's just a rumour dude. You should never believe it.

masterrex

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Quote from: mumang siat on July 29, 2021, 10:04:16 AM

Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?

IMHO, I believe the crypto industry ten years from now is quite different, and if the regulatory trend will continue beyond I'm sure in the span of ten years from now, the crypto industry is mostly regulated, and the potential of Bitcoin and Ethereum was still unmatched I believe both coins are always a market leader, I have no doubt about it.

About the meme coins,(joke coins/token) potentials ten years from now, IMO, I believe it was very uncertain because those coins/tokens have no real use-case at all, most are just pump and dump instruments so what can we expect from those, Anyway, let us consider Dogecoin because Elon Musk has a big plan with it and maybe it will use for something that can create a huge demand in the future. so let's wait and see if the future will favor Dogecoin.

Teraboy

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It's really really wrong dude. The major coin never depend with the shit or garbage coins called meme coins otherwise meme coins totally depend with the major coins but it's not always like that.
This garbage meme coins were being pump and dump coin. I rarely seen the meme coins that were following bitcoin.
The meme coins can be pumped and dumped by the whales and this is not having relationship with fundemantal of major coins.

vv181

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Quote from: mumang siat on July 29, 2021, 11:42:50 PM

~but in some posts, it actually convinces people of their analysis, is there no warning if this kind of analysis is not misleading to many people,~

Quote from: ?? on ??

What makes it difficult for me to understand is that there are many references based on people's analysis not the results of studies, strangely they try to convince in various ways.~

Because that is the way how shitcoins gather attention, they paid people to shill their project because they don't have any use case that makes people bat an eye to the project in the first place.

They also might do it in various, I might suppose it is just like a scam project. Since it's a self-centred project, the owner/initiator of the project will do anythings to lure investors for their own benefit.

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