Topic: Meme Coins Resembling Lotteries in the Crypto Space (Read 284 times)

Meme coins are looking as a profitable asset due to its quick gain but as it goes higher faster it drops down when hype gets over. There are many individuals who lose huge money because they easily believe the meme coins and forget about its dangerous feature of dropping.

Meme coins are like a gambling in which either you will win or lose depending on your luck so I think instead of examining your luck examine your talent and skills to invest in top coins and reap the prize during the bull season.

Lottery seems like a perfect example, there are rarely any winners, and it goes on for a long time until someone finally wins, and they make a big news out of the winner, and ignore all the losers. That's what lottery is, and that's what memecoin space looks like as well. They talked about a few that made people some money, but they ignore the fact that 99%+ of them do not make any money at all.

People see only the big names and think they can make money, but a big name already is big, you look at the small ones, the brand new ones, the ones that is not even released and you look at their results and almost all of them fails. Which is why it's clear that it is a lot like lottery, many people lose millions of dollars total to this.

Apart from that, we also have to look at the capitalization, if it is large it will be safer, if it is small it is also very vulnerable, especially if they only list their coins in one place.

Everyone has strategies and tips for trading altcoins or investing. One thing that is certain is that it is profitable to buy potential coins and hold them for some time. If the hype also really helps accelerate the doubling value of kit investment.

Yes I think true that meme coins are almost like a lottery, I observed that when a meme coin listed on exchange it can increase by more than 10x its initial selling value and similarly when the price drops low the risk is very high. . Make sure if you invest in meme coins to always monitor the movements of your investment if you don't want to lose a lot of money.

If you want to get involved in memecoins, you need to really monitor it 24/7 because you never know when it will start rising and if you so as much miss out on a few hours you might have missed your best entry point. This is why it’s really not recommended for investors to invest in multiple memecoins especially it is this risky.

     In that regard, I will agree with you that some meme coins should be treated or the majority of them should be recognized as if you are just gambling, even with other altcoins of course. I also want to believe that this bull run is actually meme coins season.

     From what I see and think, the ones that will show a good contribution to the market are the meme coins that are at the top and the AI ​​tokens besides Bitcoin, Eth, Bnb and SOL, this is just in my assessment.

OP knows exactly what he wants but he's here to throw in more question for clarity. We face dissapointing results in the space but they're just temporary and we have to stick go becoming strategic when these crypto projects turns out to be experiencing green candles. The space is wide enough to accommodate everyone but we should be careful not to lure ourselves into the hands of scamming projects. Memecoins are good projects but we should always know what we're doing in the space. However there are lucky investors in the space, they don't put in enough pressure but they keep close range when it comes to the activities related to cryptocurrency.

As for me, I didn't see any difference between memecions and gambling because you never know what will happen in the next few hours or minutes. In fact, nowadays the worst thing is that they are using memecion projects to scam people. Just imagine they will launch coins at a good price, but within a few hours everything will just be down. For anybody who wants to invest in memecions, they should just zero their mind that they will get anything from there, so that they will not go ahead and invest money in the memecions projects. I have invested in some memecions projects recently, and have lost in almost everything, and I don't think the projects will recover anymore. 

Aligned with your though process as we don't often seen memecoin's growth due to the utility it can offer as there is none but they are mostly pump and dump coins wherein one can either get lucky and go to moon or hit rock bottom and even those who go to moon needs to take profit at right moment else within mins everything will go in vain it's pure lottery or gambling or whatever you call but not sustainable.

I really agree with the OP, if memecoin is the same as a lottery which has no certainty where it is very difficult to predict how it will move in the future, only lucky people can make money from memecoin, therefore before investing in memecoin it is You have to prepare yourself mentally so you don't get disappointed with it,

Were you able to chase the hype? and hows it going so far?
This is the riskiest strategy dealing with the meme tokens and seriously, following the money doesn't guarantee anything and because of the hype, you can't be so sure that you will make money too. Be more cautious with meme tokens, not all are worth it and they usually have the budget for big marketing purposes because they need to reach huge market and some of those meme tokens after doing this becomes inactive and rug pull the funds from their investors.

You might successfully chase good meme coin with this strategy since those meme coin that manage to be on spotlight are those project that spend tons of money on marketing but this method is not a foolproof since we all know that those project that spends tons of money will always get back their expenses from the investors money later on.

So there’s still a risk that you might lose in the end if your purchase timing is a little but late or you didn’t take profit right before the team use the liquidity on the LP for their own token conversion.

But your method is indeed good as basis on finding good meme coin.

Perhaps more clearly, there are many other factors that cause failure, more specifically, perhaps the market is less supportive because a new coin project, let alone coinmeme, has to have a lot of support, it's not enough just to have large capital and it has to have a real large community and many others

Memecoins can be referred to as gambling in the crypto world due to chance of winning or losing.The market is unpredictable,you can't predict if it's gonna give a bright future.Gambling are meant for fun,same energy applies to memecoins they are mainly meant for fun in the crypto space.Memecoins investment are not for the long term,get your profit when it goes to the moon,it isn't meant to be held for the long term,their returns are for the short term.An investor that find memecoins interesting to invest on it's advisable that you invest on what you can afford to lose.

Memecoin is very suitable for those who like risk because sometimes the profit can be very large and can be said to be proportional to the risk, so this is like a lottery if you are lucky then the profit might be life changing, but there are quite a few who think of this as just a toy, yes they can get pleasure by buying it and usually those who are very serious about meme-coin will actually be trapped because they think this coin has a good future so that when there is an opportunity to sell it at a profit, they still choose to keep it for a bigger profit and it turns out the conditions are different from what was predicted.

Exactly. The funniest thing is that even with big marketing memecoin still can fail because people simply won't like it and it won't go up. There is not actual use for them anyway.

I think its pretty clear with that, the good meme coin or fairly speaking the one that making it to the big exchange listing usually gains sudden recognition and massive investment.
its sort of lottery indeed, a meme coin could be comning out of nowhere and suddenly its listed in binance the next day, thats just how random it is, thats why many people that snipes them are willing to put all their money into sniping them by quantity over quality because they know things so random even the most undervalued meme coin might be valued hundred millions by the next week.
its like basically there's a force that causes some of the very specific meme coin suddenly got all the recognition in one fell swoop which is pretty strange but it is what it is.
the newer meme coin is a proof of that.

but sometime even the bigger whales are also playing some game with this, if you observe the dex propertly you might find out that these whales are always buying certain meme coin by large sum, sometime spread through multiple transaction through dexes in order to avoid being tailed by some shrimp and then the sudden massive pump begins.

unfortunately though by the time it either got popular in social media or listed in binance the price probably already soared which means there's no point in getting in other than just getting into some FOMO hypes, by that time, we more likely to lose some money.

Despite what strategy you choose to follow, the path is a risky one. You just have to invest what you can afford to weep for. Don’t go throwing your life savings because you think you’ve figured it out. Altcoins, especially memecoins can be very volatile.

Lottery is the same as gambling, well I feel like I can't guarantee one hundred percent even though the meme project pours out huge funds for marketing, for example, it doesn't guarantee that you will make a profit, it's just a scammers way of getting your money into their trap to gamble

There are literally zero memecoins that have any fundamental value maybe besides dogecoin because of its first mover position.  These are just all copy/paste tokens and just change the supply and ticker and release it out for presale.  100% premine or presale is insane.  Anyone remember 2017 ICOs and how that fared?  Nobody learns from history I guess.