Is the meme coin still worth holding - page 3.

D ltr

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Quote from: dbc23 on November 12, 2021, 06:51:52 PM

What's your reason for still holding the meme coin in your wallet, and when do you intend selling it all off to buy a more purposeful coin or token. Are you holding just because of the hype, or do you have any analysis be it technical or fundamental technique that is giving you a go ahead signal to hold more or the hype is doing the work for you.

I only hold doge for meme coin right now, where i hold doge because i hope to give profit back like last year, besides that hype for this coin can still be seen and aura of profit is still there

UserU

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Usually, meme coins do not have any practical use. A lot depends on the idea of meme coins and how useful is this idea and how many people support such an idea.

Surprisingly DOGE is seen in many crypto casinos. An inflationary coin that could make it to tens of cents.

As long as transactions are fast, whatever floats one boat I guess.

carlisle1

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Quote from: mrongoz_imut on February 18, 2022, 03:36:30 PM

Meme coin is not worth for holding because they always change regulation from new smart contract until coin upgrade and price drop later, ever I hold meme coin from fund $1000 become $10 right now after coin upgrade and change logo, I still better hold meme coin, if you buy and sell as soon possible when reach profit, not worth investment with meme coin and exactly with meme coin still listed on pancakeswap exchange only not on CEX exchange.

You may be right about this, most memecoins do not give confidence to investors. Sometimes you can make a lot of money, but losing the money you invest can happen in a very short time. That's why you need to invest in an amount that you won't be upset when you lose while investing. These investments involve great risk.
If they change regulation or something like that, your investments may go to waste Sad

Most of the times you will lose money. It's a game where gambler type of investors are the one who compensated a lot.

While newcomers and those who don't know how this works, they will end up losing lots of money, I go with what you are saying better

to use the amount that you can afford to lose. Meme's are too good to be true, but if luck destines you to earn, it will be a huge one for sure.

Ngewex Yuk

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The trend of coin memes is still good, this can be seen from the many new projects that are pumping and most of them are coin memes, and 2 proven coin memes namely Doge and Shiba will continue to grow and be an inspiration for other coin meme developers.

kojektea

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I have long seen the meme trend which is usually only hype once, I think once enough hype we have to take advantage there is no point in holding the meme coin for too long, greed will actually destroy profits.

LUCKMCFLY

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Quote from: mamesso on February 14, 2022, 10:36:52 PM

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Quote from: rojan on February 13, 2022, 09:40:12 AM

There are some Mimi coins that have changed the fortunes of many people and there are some coins that were made for fun in the past but they are still very expensive but it is expected that the price of these coins will increase in the future and take care of these coins. If left unmanaged, they can be left astray and lose the right path

Actually nothing is lost now, it's just about belief which makes some people blind to see better so trusting memes for profit even though in general the risk is very clear and there is no need to blind everyone's mind for it.

I think memecoin is suitable as a short-term investment, unless memecoin has started trading on top exchanges then it can be considered for long-term investment. Memecoin is not backed by scarcity and relies on buyers making constant purchases of memecoin to maintain its value. The large supply of Memecoin is a problem as well, because a supply and a demand are the main factors that determine the price in the market. Someone who is interested in a memecoin should open his eyes wide, because in general the risk of a loss in a memecoin is quite large.

I agree with your statement, meme coins are good but only at the beginning and at that moment you should take advantage of it because that is when people enter the FOMO and shoot up, this is something common and that will always be true, when we see these coins in the long term, what we will see are prolonged losses to the initial investment. For now, as I said, I would not recommend investing in meme coins, unless you feel a taste or attraction to those coins, which is understandable and normal, many people like to have coins of that style for fashion, for being enthusiastic, and other reasons, but at a lower profitability level now and short-term profits are not possible.

Captain Corporate

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Unfortunately even the name "memecoin" should be clear enough that you should avoid it. Your money is not a meme, it is a factual thing that you could buy stuff with, or invest into things. If you are willing to part ways with your money over investment to some memes, then you should probably not own that money to begin with. I am not saying that there are no bad investments on regular coins and tokens, of course there are, there are scams, failures, rug pulls and many other things. However, they are at least looking correct and decent. Memes on the other hand are silly stuff that are only working to make you laugh and if you invest into a memecoin then you are investing into something only for the community and the hype behind it and nothing more. Finance is a bit more serious thing than that.

mrongoz_imut

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Meme coin is not worth for holding because they always change regulation from new smart contract until coin upgrade and price drop later, ever I hold meme coin from fund $1000 become $10 right now after coin upgrade and change logo, I still better hold meme coin, if you buy and sell as soon possible when reach profit, not worth investment with meme coin and exactly with meme coin still listed on pancakeswap exchange only not on CEX exchange.

carlisle1

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Quote from: MAAManda on February 18, 2022, 09:41:12 AM

Quote from: Russlenat on February 18, 2022, 08:38:26 AM

We shouldn't forget that meme coin was first created as a joke, I mean just look at those names if it's really worth something in the future. That alone, you can already tell either if that certain meme coin is really worth holding no matter if it is long term or short term. These coins are just like you're playing a raffle, sometimes we're luck but often times we lost. Now, is this worth your time and money?

Until now, I have never put my money into meme coins or tokens, I totally agree with your opinion that these meme coins and tokens are like raffle, I prefer to gamble directly instead of having to invest my money in meme coins and tokens that will wasting my time. I'm not sure there will ever be meme coins and tokens that will keep up with the performance of Dogecoin (DOGE) and Shiba Inu (SHIB), there are tons of coins and tokens that have utilities, better invest money there Grin

Investment wise, choosing project that have real usages will give you good confidence waiting for the project to grow naturally.

instead of risking your money into something that you are not comfortable, unless you are willing to ride and accept whatever fate is waiting

to your money, there are some who are lucky while more are unluckily losing their money from investing to meme projects. Stay away from

alluring offer, there's only a small percentage that memes will hype up and bring you good benefits.

MAAManda

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Quote from: Russlenat on February 18, 2022, 08:38:26 AM

We shouldn't forget that meme coin was first created as a joke, I mean just look at those names if it's really worth something in the future. That alone, you can already tell either if that certain meme coin is really worth holding no matter if it is long term or short term. These coins are just like you're playing a raffle, sometimes we're luck but often times we lost. Now, is this worth your time and money?

Until now, I have never put my money into meme coins or tokens, I totally agree with your opinion that these meme coins and tokens are like raffle, I prefer to gamble directly instead of having to invest my money in meme coins and tokens that will wasting my time. I'm not sure there will ever be meme coins and tokens that will keep up with the performance of Dogecoin (DOGE) and Shiba Inu (SHIB), there are tons of coins and tokens that have utilities, better invest money there Grin

Russlenat

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We shouldn't forget that meme coin was first created as a joke, I mean just look at those names if it's really worth something in the future. That alone, you can already tell either if that certain meme coin is really worth holding no matter if it is long term or short term. These coins are just like you're playing a raffle, sometimes we're luck but often times we lost. Now, is this worth your time and money?

savetheFORUM

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Quote from: rby on February 17, 2022, 08:18:36 AM

The meme coins don't even have idea behind them. They are doing well because the community is supporting them. We can say the idea of Shiba inu is to kill dodge coin. Is that a real idea behind a coin. The meme coin depend on the community. Buy when there is hype and sell no more hype.

There's an idea behind it because saying alone that their coin can kill the other coin is not enough but they have also created an interesting feature to make it possible. Many people will invest on them over the other coin because they like it more better and that is how they defeat their competitor however there are coins that no matter how good they are, they cant still shake the other coin.

See what are happening with bitcoin and ethereum? where ethereum has more to offer than bitcoin but its rank didn't ever move to 1st . That can also happen to Shiba Inu and doge coin. No matter how hard Shiba will try to kill doge, it cannot do it successfully.

rby

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Quote from: FiPi on February 08, 2022, 05:46:10 AM

The main idea of meme coins is to attract attention to something.
There are a lot of things to attract attention. For example appear such coins like https://twitter.com/DogeGaySon/status/1488443132718948352 to attract attention to some problems and protect some people rights.

All meme coins are different. A lot depends on the idea of the coin and its liquidity. It is very important to have big liquidity and a lot of users.
To do this it is necessary to be popular.

The price of meme coins depends from its community and support of community.
The loyalty of community is very important to support meme coins.

The meme coins don't even have idea behind them. They are doing well because the community is supporting them. We can say the idea of Shiba inu is to kill dodge coin. Is that a real idea behind a coin. The meme coin depend on the community. Buy when there is hype and sell no more hype.

mamesso

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Quote from: rojan on February 13, 2022, 09:40:12 AM

There are some Mimi coins that have changed the fortunes of many people and there are some coins that were made for fun in the past but they are still very expensive but it is expected that the price of these coins will increase in the future and take care of these coins. If left unmanaged, they can be left astray and lose the right path

Actually nothing is lost now, it's just about belief which makes some people blind to see better so trusting memes for profit even though in general the risk is very clear and there is no need to blind everyone's mind for it.

I think memecoin is suitable as a short-term investment, unless memecoin has started trading on top exchanges then it can be considered for long-term investment. Memecoin is not backed by scarcity and relies on buyers making constant purchases of memecoin to maintain its value. The large supply of Memecoin is a problem as well, because a supply and a demand are the main factors that determine the price in the market. Someone who is interested in a memecoin should open his eyes wide, because in general the risk of a loss in a memecoin is quite large.

mamesso

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Quote from: dbc23 on November 12, 2021, 06:51:52 PM

What's your reason for still holding the meme coin in your wallet,

The first reason someone still holds a meme coin is that they bought it when the price was still high. They don't want to see some of their money just disappear because they sell at low prices.

Quote

and when do you intend selling it all off to buy a more purposeful coin or token.

When the price starts to increase again and can provide a return in accordance with the capital, traders will sell a memecoin and replace with a more useful coin.

Quote

Are you holding just because of the hype,

Memecoin is very risky, When profits start to show, there is no reason for traders to hold on to a memecoin for a long time.

Pamadar

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Quote from: Ngemmeng on February 12, 2022, 06:45:55 PM

Quote from: lousie9 on February 10, 2022, 02:19:25 PM

As long as the meme coin has a good concept and management, I will continue to hold the meme coin until it gets a good place for us to sell and if the meme coin doesn't have a good development then when the hype happens then I will let go of the coin and move on to a more useful coin, Well, everyone will have a different opinion because the whole point of any investment in meme coins is that you can definitely benefit from it.

true the only reason the price of memecoin goes up is hype, without hype the price of memecoin won't go up because memecoin has no utility.
selling memecoin after the price has gone up drastically due to the hype and investing in useful altcoins is a very right decision because once the hype ends the price of memecoin will also fall. most of the memecoin investors use this coin for short term investment, so it is highly not recommended to invest long term on memecoin.

You need to be contented if you managed to sell your meme asset when the value is still high.

Most traders and investors who use this coin aimed for short-term ride, they are taking chances and if luck permits them
the asset will provide a decent amount of profits, but in some cases, meme coin also provide a huge amount of profits, good example
are both Doge and Shiba. Early takers managed to bank a huge amount of profits by believing and holding these coins till the hype
take place.

SweetMochi24

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Memecoins are only for short-term profit and not for long-term investment. Only a small amount of meme coins should be used for ttading.
I believe we should only buy if we believe the memecoin trend will last a month or less; otherwise, we will lose money. Anyway, You can look for DAO maker, they are pretty slick with their ORN launch! They have created an ROI of 155.76x

rojan

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There are some Mimi coins that have changed the fortunes of many people and there are some coins that were made for fun in the past but they are still very expensive but it is expected that the price of these coins will increase in the future and take care of these coins. If left unmanaged, they can be left astray and lose the right path

Ngemmeng

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Quote from: lousie9 on February 10, 2022, 02:19:25 PM

As long as the meme coin has a good concept and management, I will continue to hold the meme coin until it gets a good place for us to sell and if the meme coin doesn't have a good development then when the hype happens then I will let go of the coin and move on to a more useful coin, Well, everyone will have a different opinion because the whole point of any investment in meme coins is that you can definitely benefit from it.

true the only reason the price of memecoin goes up is hype, without hype the price of memecoin won't go up because memecoin has no utility.
selling memecoin after the price has gone up drastically due to the hype and investing in useful altcoins is a very right decision because once the hype ends the price of memecoin will also fall. most of the memecoin investors use this coin for short term investment, so it is highly not recommended to invest long term on memecoin.

n0ne

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Winning out of the memecoin is like a lucky draw. You just win/loss unlike the market movements, these memecoins are short term profiting investments. Very few used to grow in a slow manner reaching next level of growth. In recent months shiba is making history and this is something away from the memecoins, because there is regular acceptance and yesterday Microsoft have made tweet on dogs which is being connected with Shiba by the community. This gives some push in the market. So, it is good in holding the best of memecoins.

Topic: Is the meme coin still worth holding - page 3. (Read 2271 times)