Is it true that Bitcoin and Ethereum have a dependency with Meme Coin or vice ve - page 2.

Brus123

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Quote from: mumang siat on July 29, 2021, 11:04:16 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?

It was not more than just a hype in spring that will definitely end one day, so it is like a lottery to invest in meme coins. If it is promoted by somebody authoritative like Elon Musk, they will be pumped, but they are very unpredictable. They don’t carry any real utility for the market and this is an actual problem. So I stick to the strategy of investing in fundamental currencies that have a future.

gwdf1

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Quote from: mumang siat on July 29, 2021, 11:04:16 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!!!!!

All altcoins follow Bitcoins global trends. It happens because if people see that BTC is falling and a bear market is possible, they get rid of altcoins first, as they are more risky. So we often observe that when there is a severe crash of BTC, all other coins also crash.
And vice versa, if people see a big bull run and hear a lot of stories about how people become rich, they also want to invest, but Bitcoin is on highs already, so they look for something cheap.

mumang siat

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[quote author=ryzaadit

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.
[/quote]

I also think that way, 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, I believe their pattern is just chasing posts.

ryzaadit

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Quote from: DeathAngel on July 29, 2021, 03:16:38 PM

-snip-

Nope!

That's for a major coin/token with a huge volume of trading! @OP asking about "Meme token" like joke token, there is no relation meme token with "Bitcoin/ETH". Non-major tokens will be always based fundamentals, how they increase is simple from "Shiling", the owner/team project will pay influencers to shill their token and then the price pump a lot & dump instantly after than continue dump and the end the price is flat without volume everyone got scam/rugpull

isaac_clarke22

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Quote from: mumang siat on July 29, 2021, 11:04:16 AM

~

It is actually reversed. These meme coins tend to follow Bitcoin price movement most of the time, OP aside from the hypes it get from some random popular people in the internet.
The influence is somehow random.

DeathAngel

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Everything follows bitcoin, when bitcoin pumps everything pumps, when bitcoin dumps everything dumps. Bitcoin is the daddy & everything else is at its mercy.

Digital_Lord

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I think there will be no meme coin in the crypto world after 10 years. The meme coins don't follow Bitcoin and Ethereum only Doge and Shiba Inu follow Bitcoin. Memecoins increase because of the shilling of influencers like Elon Musk and others. I think we should forget about meme coins because they are manipulators of crypto market there is no any benefit of these coins.

Review Master

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Don't need to wait for a decade to get that result of memecoin as those coins are just pumping because of trend and nothing else. Also, just wait for the actual bear market and everyone will see the result as those memecoins will be vanished just thanos did a snap to vanish 50% people in avengers. Grin

Moreover, trend/hype doesn’t stay long in crypto market. Wink

livingfree

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It is the meme coins that are dependable to bitcoin. So if bitcoin goes up then meme coins are also about to go up and vice versa.

But if meme coins goes up or down, bitcoin doesn't care at all and there's no affection that's happening if it's the meme coins that are being talked as influential than bitcoin.

And for the next 10 years, I guess there will only be few meme coins by that time or no more.

Yogee

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Quote from: mumang siat on July 29, 2021, 11:04:16 AM

... However, I personally can not understand this ?

How is it hard to understand? They are riding on the back of pioneer coins that laid the ground for them. BTC is the king of crypto while Ethereum popularized smart contracts where a lot of meme tokens are built. Sometimes they ignore their predecessors during hype phase but they will come back once that's over.

ryzaadit

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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.

mumang siat

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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!!!!!

Topic: Is it true that Bitcoin and Ethereum have a dependency with Meme Coin or vice ve - page 2. (Read 296 times)