Meme Coins Resembling Lotteries in the Crypto Space - page 2.

Dunamisx

hero member

Activity: 952

Merit: 555

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

When it comes to discussion on memes, we have to be very careful, because its an extensive aspect whereby many things were to be put in place and in considerations before we can go for any of them for an investment, this also makes it appears that those that go for them are the ones that were eager to make quick money and earn what they want and leave, because they understand how highly volatile they are and how disastrous they could also appear.

Kocret02

sr. member

Activity: 1176

Merit: 250

Buzz App - Spin wheel, farm rewards

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Currently I agree with you that meme coins are currently experiencing a rapid increase due to speculation and sensation as well as being driven by social media which currently often reports about meme coins which are experiencing an increase, especially Shiba Inu which is in the top 10 coinmarketcap and Pepe which is is in the top 20 coinmarketcap.so this becomes a trend for everyone to get into.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: rojan on May 30, 2024, 04:35:23 AM

I would say that we can find some good altcoins without risk in these coins. In altcoin Investing has risk but if we can get something good by taking risk it is good for us. So I always try to find some good coins and invest.

Even "good coins" still come with risks. All investors should make enough time and effort to study the coins they want to invest in. If they do not manage to know everything they can about a project, it's possible that they make some mistakes while investing which can lead to losses.

Cryptocurrencies are very volatile assets which is why they are risky in nature. Risks can be managed and avoided, fortunately.

rojan

sr. member

Activity: 1554

Merit: 374

Vave.com - Crypto Casino

Quote from: gabbie2010 on May 29, 2024, 11:52:00 AM

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

No one can ever invest with absolute certainty that he will get profit after investing. There are some coins that require a lot of risk to invest in. I would say that we can find some good altcoins without risk in these coins. In altcoin Investing has risk but if we can get something good by taking risk it is good for us. So I always try to find some good coins and invest.

lombok

sr. member

Activity: 882

Merit: 326

Quote from: gabbie2010 on May 29, 2024, 11:52:00 AM

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

Only a few tokens on the Solana network can increase rapidly. This is all because they have investors and the projects being developed are very useful for investors who provide full support. We have to see how many tokens are created that do not have support from investors and are just trash tokens.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

betswift

copper member

Activity: 56

Merit: 1

Thousands of meme coins across the chains are created every day. It seems like gambling, and you have better odds in a casino. IMO not the best option for investment, just for fun only

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

It's a lottery if you are buying them all and only a few of it meets up the hype. But if you know what you are looking for and can predict through analysis, you can get a x2 coin more than half of the time and those coins sometimes even goes x5 or x10s. Marketing budget surely can be a thing with more hype created around a coin, more people are going to buy it. Other major thing to consider are its trading volume and low resistance. When you buy a meme coin with good trading value at its lower resistance, you won't regret. The same is true for other coins but all they do is 15 to 30% but with memecoins, it's an easy x2.

Kelward

sr. member

Activity: 560

Merit: 326

Quote from: Charles-Tim on May 29, 2024, 01:47:16 AM

Meme coins should be seen as gambling. That makes you right because they are just like lotteries which you can either win or lose money. But not only meme coins but also most other altcoins. As the price of meme coins are very volatile, you can also see many altcoins having a highly volatile prices. This is the reason you should use the money that you can afford to lose on them because they can either give you good profit or fail you.

Every experienced person in the crypto space understands that investing in memecoins are risky because you're gambling your funds by doing so, and be ready to accept whatever outcome that the project brings, whether profit or lose. It's true that you can liken them to lotteries and Ponzi schemes, because you can make a lucky pick and it'll be profitable for you, while some are scam projects from the inception, they'll launch and when the dev. team has accumulated enough of investors funds, they exit the project and it'll be dead.

The best approach for memecoins is to research and make a choice, it could become the next dogecoin and Shiba Inu, or end up as one of the uncountable shitcoins, so always invest the amount that you can afford to loose.

electronicash

legendary

Activity: 3178

Merit: 1054

this is already happening in every narrative, when AI tokens are starting, more p&d AI tokens are created too but there are just a few people interested in AI tokens. more people are going for fun tokens such as as memes coins that's why this narrative has been getting steady for years. it must have been 2 cycles already but more people are going for it. easy money is attractive to short-term traders, it's just what it is now for we gamble all the time with them.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Well, I don't follow the money because I have no luck with them and if I try to follow the money I guess that it won't even wait for me. So let alone, money should follow me and that's what's happening by just holding BTC. You follow what's the trend and there's a likely that you'll lose hefty of your money. Not all meme coins are pumping and many of them are just in a few days of pump so be careful with it as the hype of it is for real but if you're not good in spotting it, you're likely to lose.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

No I disagree, since you can do something to increase your chance to earn and if you are resourceful for seeking the background of the project especially the community supporting it then you might have a higher chance to earn. Rather on lottery which you only need to bet on your favorite or taken care number for long time.

Hype is just there and we can decide to ride or pass on that's why on meme coin investment this somehow need critical thinking since there's a lot that we need to watch for.

I don't also consider this as gambling since for me there's far difference between this two and maybe people use that word only as expression since they think about fine to lose since they try to gamble their money if they take the risk and gamble their money.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: PhillipDe78 on May 29, 2024, 07:26:47 AM

Tap coins, such as Notcoin, are currently very popular (I have managed to earn a few hundred dollars from them Cool

). In my opinion, these coins can also be referred to as meme coins. Most of them do not require any investment of money, but only a waste of time. However, at the peak of their popularity, it may be worth paying attention to these coins.

But they've didn't sustain it's run though, so it's the typical meme coins, as others said, p&d and you are lucky that you were able to earn a few hundred dollars, but there could be others who are not as lucky as you are. And then the risk, as what the title by the OP, similar to lottery wherein the odds are pretty much stack against you and you don't know if you are going to profit huge or maybe when you wake up, the price goes down low and you losses a lot of money.

That is one dangers of investing in meme coins, the risk is greater but it is rewarding in the end if by chance you get lucky.

PhillipDe78

jr. member

Activity: 59

Merit: 0

Tap coins, such as Notcoin, are currently very popular (I have managed to earn a few hundred dollars from them Cool

). In my opinion, these coins can also be referred to as meme coins. Most of them do not require any investment of money, but only a waste of time. However, at the peak of their popularity, it may be worth paying attention to these coins.

3la9l_kolbaCa

sr. member

Activity: 952

Merit: 250

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

It's good to hear that kind of idea about meme's hyper drive and I believed one day it will thrive on all exchanges.
Every goals that we have could ultimately mold us into profitable future. We maybe experiencing a lot of circumstances, but if we're not going to give up on our principles who knows someday it makes huge difference. Our chance depends on every baby steps, and not in a rush ways.

naira

hero member

Activity: 1974

Merit: 586

Free Crypto Faucet in Trustdice

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

You already know that meme coins are like gambling but still dare to invest, maybe you need to remember that meme coins only at certain moments steal the market's attention but the time period is short, ATH bitcoin -> eth -> altseason + meme coins and that's not all meme coins. So you need to understand the 3 categories of high, medium and low market capitalization. From these 3 categories, allocate according to calculations but with risks that must be well understood too. If you put everything in one basket, there is no guarantee you will make a profit. It doesn't matter if you put money into meme coins, but in volatile trading you have to think realistically.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: shanhaigamefi on May 29, 2024, 01:28:45 AM

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Yes, you put in right, we really don't know what's going to happen if we invest on meme coins. Maybe you can hit the jackpot if you invest early on Doge, Shiba or Pepe and then you cash out near the top and make a lot of money. So it's base on pure hype alone, pump and dump and you should be at the right place and at the right time to be able to hit that lottery. As for you strategy, yeah it could be good, follow the money plan. But still I do hope that you know the game very well as you might also fall for the trap and can't get out without suffering any losses.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: AVE5 on May 29, 2024, 05:29:31 AM

Although gambling can be of 90% possibilities to lost while investing on the Memecoins could be 50/50 but that doesn't change the mindset, it's such as gambling because the volatility is extremely high that you can account to a total lost of zero profits and zero capital secured.

Well people can argue that it is not really a gamble since in gambling you can never manage risks but personally I think investing in memecoins is a gamble. No matter the percentage of chance of profit,it’s still relatively low to what you can consider safe and not extremely risky or borderline hopeless.

Most investors in memecoins take a leap of faith sometimes and they get lucky just like you get lucky in gambling.

AVE5

full member

Activity: 350

Merit: 128

Quote from: Charles-Tim on May 29, 2024, 01:47:16 AM

Meme coins should be seen as gambling. That makes you right because they are just like lotteries which you can either win or lose money. But not only meme coins but also most other altcoins. As the price of meme coins are very volatile, you can also see many altcoins having a highly volatile prices. This is the reason you should use the money that you can afford to lose on them because they can either give you good profit or fail you.

You've said it all and who haven't given it a try and just relies on the social media and the hyping rumours would think you're an enemy to their progress if only you'd let them know that the reality potentials of the MemeCoins is equivalent to gambling.
Although gambling can be of 90% possibilities to lost while investing on the Memecoins could be 50/50 but that doesn't change the mindset, it's such as gambling because the volatility is extremely high that you can account to a total lost of zero profits and zero capital secured.
Let's not not be carried away by their hypes. So whoever interested of having its fund there should be ready for a jungle out because it doesn't feel emotionally good for Investors there.

Pandji02

full member

Activity: 902

Merit: 101

Yeah, exactly. That's why I avoid that market. I mean, yeah, you can make money there, but it's a risk, and the longer you keep them the more risk you put on yourself.

Topic: Meme Coins Resembling Lotteries in the Crypto Space - page 2. (Read 284 times)