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Topic: Is this a bad time for altcoins? - page 12. (Read 3623 times)

sr. member
Activity: 1316
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June 18, 2021, 12:24:09 AM
#50
I don't see that as a problem in this space, even if it's legitimate projects, if they don't bring a lot of meaning to users, it will be difficult for people to support.
And conversely, the current meme coins have hit the market trend and received fomo, and it has brought profits to many people to lead to those projects having the current results.
hero member
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June 17, 2021, 07:59:58 PM
#49
Not really, as per my learning about the market it is right time to make investment on some good altcoins on the market. Particularly the top order altcoins and the one with good potential at low prices. In the name of dogekiller more altcoins are into the market. Those can be used for short term profiting, but those coins are copycats which support profit making. Make use of it and leave at the right time. Right now a capital investment of $1000 on certain altcoins will turn atleast $50000 by 2025. So for long term hodling this time can be used.
full member
Activity: 1848
Merit: 158
June 17, 2021, 07:55:07 PM
#48
[quote author=Tellek Garing link=topic=5343707.msg57255281#msg57255281 date=162396323
That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend
Projects that have good marketing these days even if they don't show good developments are still gaining interest from investors and they see more potentials in it to grow their value in the future.

However, meme coins are also trending nowadays and it all started with doge coin hype. The market can be easily hyped even with a single tweet from a millionaire and things just got lucky for meme coins right now. But i think they won't last for long since they got no value and utility case in the real sense. They will just end up shitcoins at the end of the day.


Sometimes it is really how the team behind markets their project. Some can attract the interest of the community even if there is crappy foundation just like many meme coins now. But in time, you will see which coins will be standing and surviving. Those with real use case and active users. Most of these meme coins will die down very soon. Their lifespan is very short. You will see valuable alts if they can sustain the market for years and still keep on developing to innovate their platform.
hero member
Activity: 3038
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June 17, 2021, 07:48:56 PM
#47
[quote author=Tellek Garing link=topic=5343707.msg57255281#msg57255281 date=162396323
That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend
Projects that have good marketing these days even if they don't show good developments are still gaining interest from investors and they see more potentials in it to grow their value in the future.

However, meme coins are also trending nowadays and it all started with doge coin hype. The market can be easily hyped even with a single tweet from a millionaire and things just got lucky for meme coins right now. But i think they won't last for long since they got no value and utility case in the real sense. They will just end up shitcoins at the end of the day.
member
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June 17, 2021, 07:37:05 PM
#46
That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend
its already ended meme coins, doge or shiba price could not explode anymore like previous situation. investors now trying to find another trend that possible to explode anymor. in crypto market actually easy to understand about market cycle, just follow the trend that going on and we will gain profit, no matter that shitcoin or not.
hero member
Activity: 2072
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June 17, 2021, 07:17:59 PM
#45
Its true, also, its because many of them are small cap coins, so its easy to manipulate by some small whales.
Agree, invest on such of that projects very risky, but scalping them for a small profit and fun its just ok, but for a good purpose dont show off them, it will just mislead another people to follow you.

Yeah, many new meme coins are here existing and unfortunately, many newbies are trapped into it. They are here because of the HYPE and they lose their money much because of only following the hype, not know how to trade that kind of altcoins.
I am sure that most newbies will be very interested in meme coins because they only follow some influencers. And of course, they may not do it based on analysis and sometimes they don't know the basics of cryptocurrency. So pity.

I also agree that we can utilize meme coins for short trading, but of course, we must also analyze which meme coins. I personally like to trade it in top exchange like Binance or even in the first top exchange listing because sometimes, the price will jump up so hihg. But very carefully, we must watch the movement of the market chart every time because it may be changing so drastically only in a few moments. Never sleepy when trading this kind of coin or our money will be lost  Grin Grin

But please once more, be careful, this is very risky, ensure that you are ready with the risks of losing money. It is once again, better to invest in top coins although they are likely hard to increase. Those that have strong fundamentals will be worthier in the future.
full member
Activity: 644
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June 17, 2021, 07:01:25 PM
#44
This is the power of hype and FOMO of meme coins, they're shitcoins. However, let's see how long they will survive in the crypto market. We know that today, many meme coins appear and they are very popular because of Doge hyped by Elon Musk. But I tell you, never invest in meme coins for the long term, This may be good for the short term or trading, don't forget t set your stop loss and also take profits if you have a certain target. Never be greedy and be careful with this kind of coin or tokens because it is very risky. And you may be at risk of losing your money because they're going to be shitcoins

Its true, also, its because many of them are small cap coins, so its easy to manipulate by some small whales.
Agree, invest on such of that projects very risky, but scalping them for a small profit and fun its just ok, but for a good purpose dont show off them, it will just mislead another people to follow you.
sr. member
Activity: 1876
Merit: 318
June 17, 2021, 06:53:21 PM
#43
This is the power of hype and FOMO of meme coins, they're shitcoins. However, let's see how long they will survive in the crypto market. We know that today, many meme coins appear and they are very popular because of Doge hyped by Elon Musk. But I tell you, never invest in meme coins for the long term, This may be good for the short term or trading, don't forget t set your stop loss and also take profits if you have a certain target. Never be greedy and be careful with this kind of coin or tokens because it is very risky. And you may be at risk of losing your money because they're going to be shitcoins

Actually now is not a bad time for altcoins, the most important thing is to be able to choose the right altcoins for investment. And with the current
hype meme coins, we can indeed join in to get profit. But it is very risky if we make the wrong decision, because meme coins should only be for
short-term investments. If we have made a profit, we must immediately get out of the market. Because meme coins are shitcoins, so it is
not recommended to hold meme coins for too long. To be more secure, we must use the stop-loss feature to anticipate the price of meme coins
suddenly falling.
sr. member
Activity: 826
Merit: 263
June 17, 2021, 06:27:36 PM
#42
This is the power of hype and FOMO of meme coins, they're shitcoins. However, let's see how long they will survive in the crypto market. We know that today, many meme coins appear and they are very popular because of Doge hyped by Elon Musk. But I tell you, never invest in meme coins for the long term, This may be good for the short term or trading, don't forget t set your stop loss and also take profits if you have a certain target. Never be greedy and be careful with this kind of coin or tokens because it is very risky. And you may be at risk of losing your money because they're going to be shitcoins
hero member
Activity: 3038
Merit: 628
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June 17, 2021, 05:40:22 PM
#41
That's because of the community and the way the project is promoting, I think right now meme coins fly faster because they are trending but soon when the trend ends many of them will die, this is like when the ICO and IEO trend
They don't anymore. They've fly faster than any other coins a few months ago because it is the trend but as you can see, the market is no longer the same and all of those meme coins got their fair share and started to drop in value and that's why many of those meme coins are no longer the eye-catcher of many investors and they've come to understand that there's more security if they're going to invest to bitcoin instead of those meme coins.
hero member
Activity: 2870
Merit: 594
June 17, 2021, 05:05:12 PM
#40
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Because the whales hold the price not to flying, they want to accumulate slowly to have as much as they can.
Also, theres not many hype to pump the price like meme coins. Its pure my opinions but i see it true on some community.
Give them some time to developed, investors tend to put their money for quick bucks that's why they love meme coins, simple pump and dump and then they get out. However, there are really smart investors on the market, who will choose coins very carefully before they invest and they usually go for solid coins, or at least in the top 10. Meme coins will have its days, when the market is saturated or at least the hype has died down, those meme coins will be forgotten, like what happens to the ICO craze in 2017.
full member
Activity: 758
Merit: 104
June 17, 2021, 04:23:38 PM
#39
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Because the whales hold the price not to flying, they want to accumulate slowly to have as much as they can.
Also, theres not many hype to pump the price like meme coins. Its pure my opinions but i see it true on some community.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
June 17, 2021, 04:17:45 PM
#38
l don't say that it is a bad time for investing in altcoins, that is why most of them have decreased in the last few days. It is a good time to invest in some of them which have more potential to be successful in the future. l prefer investing in top altcoins, for me, they have more potential than other cryptocurrencies. But there are also other potential projects, we should make hard research to find them.

Because of the hard speculation around the crypto market, the market going up down, up down. This roller-coaster market mode will stay with us for a long time, so be prepared for the new market crash. In long term, the price of altcoins will reach ATH levels but the question will we be patient enough to sell at that price levels..
sr. member
Activity: 1596
Merit: 264
June 17, 2021, 04:17:15 PM
#37
~
Well it is a meme surging out hypes out in the media. What do you expect from these anyway?
It is up for just quick profits nonetheless actually. It isn't for your long-term investment in the end so that is that.
Memes will be memes and it should just stay a meme not something to be technical of.
sr. member
Activity: 1638
Merit: 425
June 17, 2021, 04:07:18 PM
#36
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

It is actually the thing at this time where there are just some meme coins that just without and skyrocket their market price in the market, Its a matter of community and something about proving that it is not all about utility or something like companies, like stocks that have the ability to push the price in the market.

At the same time I guess when it comes to meme coins it is all about hype or pump and dump so we could experience a pump really fast or in just a short time it could easily pump at a very high price and also dump really fast as well, so people could easily make a profit in that so maybe people always like a gamble since it is always an easy profit for investors.

The Doge coin is a little different since its the start of the meme era, and the community of DOGE coin is just huge at this time, so even though it is dump i just cant see it going back to its initial price.
sr. member
Activity: 1512
Merit: 326
June 17, 2021, 03:25:58 PM
#35
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

it all depends on the developer and community, many projects that have a good vision and platform but without enough money and community support still don't work, and for meme coin right now I think this is just a trend and won't last forever. the only troll coin that i believe had strong community is doge.
hero member
Activity: 2814
Merit: 911
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June 17, 2021, 03:23:28 PM
#34
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
The developers can promote the coin and it all depends upon how the investors are attracted and whether they wanted to invest in them, it is true that there are many good projects that are not getting the desired attention and investment while some of the meme coins are flying and it is because of some influential people boost them and shilling for them and that is the only reason meme coins like Doge and others are flying high and people think that they can make a profit with them.
member
Activity: 1078
Merit: 15
June 17, 2021, 03:22:27 PM
#33
That flying meme coin clearly has someone working behind it with a crazy pump. but for other altcoins it's not because they only focus on meme coins Smiley
but whatever it is, meme coins will still be meme coins nothing more than that because this coin goes up just because of the pump and when this pump is over you should know what will happen to this coin Smiley
legendary
Activity: 2996
Merit: 1054
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June 17, 2021, 03:06:32 PM
#32
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Because shifty coins are out there trying to siphon money out of real projects  or coins.  What do I mean, well these guys use strategies of pump and dump so they create that picture of the project  to be doing well when the pump and people invest in these shitty projects but when the owners exit this time bomb of a shitty project... value crashes too when the devs dump their holding for legit coins and it ends as an exit scam. So be on the look out don't fall for such, if it's too good to be true then it ain't!
Adding to that, investors and traders are riding with quick gains they tend to follow those shitty projects knowing that pump will happened along the way, they are willing to take the risk and take whatever possible amount when it happen.

We can't blame those people as they are willing to risk their money following those shit project which intentionally created to bring pump and dump asset.

before dealing with anything better to know first your willingness to risk your money, not easy to earn quick money from this market, very possible that you'll lose it than earn from your investment if you don't have any solid idea from what you are doing.
legendary
Activity: 2702
Merit: 1523
June 17, 2021, 03:03:53 PM
#31
it's a bit annoying. Memes that were created as a joke or have no technical side reached quite high prices and caused many new investors to invest in these coins.
When the bull season is over, everyone will see that these memes are useless, the coins with working technical teams will gain value again. It takes good community support and advertising to fly Smiley
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