Meme Coins Resembling Lotteries in the Crypto Space - page 3.

peter0425

sr. member

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

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.

More exposure, more investors.

The more an investor sees a particular project, the more likely they are to check it out. Even if it’s just to check whether it’s a scam or not. Eventually, through the word of mouth or just through social media the project can reach all kinds of audience and soon enough there will be enough investors for the early ones to take profit.

It’s definitely a gamble as you are hoping that more people will catch up onto it and buy.

bluebit25

sr. member

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https://bitlist.co

At first, we saw the opportunity coming easily and faced with the falsehood of imitations with memecoin, we didn't want to miss that opportunity, but reality has proven that most of it is garbage, and thinking for the same risk/opportunity factor is obscured by greed in the face of FOMO.

I also had moments of exposure to memecoin but I never expected it to change my initial portfolio position, like maybe willing to accept losing $100 200 on it but expecting to gain thousands, dozens or even hundreds of dollars to me is just a dream, but the story in cyberspace seems to be shortened a lot, I'm just stating a realistic point of view that people who bought bitcoin in the early days first and keep it for the future up to this point, few can do that so always accept the fact that things are creating sustainability in the long term.

Charles-Tim

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: MAAManda on May 29, 2024, 02:11:10 AM

I won't deny anyone who says meme coins/tokens are a new kind of lottery, just look at how Shiba Inu (SHIB), Pepe (PEPE) & BOOK OF MEME (BOME) got to the moon.

What I do not like about these coins is that as they went more than 10 to 25x already. I mean pepe and bome, you can see them fall more than 10 times during bear market. It will not be surprising me if I start to see these coins in the lowest prices that I saw them in 2022 again in 2026. They are just like gambling. Invest your money, make money and sell as fast as possible or you may lose all that you have gained from them. Another problem is that they may not get to all-time high in the next bull run.

MAAManda

hero member

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I won't deny anyone who says meme coins/tokens are a new kind of lottery, just look at how Shiba Inu (SHIB), Pepe (PEPE) & BOOK OF MEME (BOME) got to the moon. That's an example of a lucky asset, what about the unlucky one? Yes, we've $NORMIE who recently went into the Mariana Trench Cheesy

. So clearly, something that can go to the moon & to the Mariana Trench in a short time can be categorized as gambling, just like the Bankroll on our gambling platform account.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

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.

shanhaigamefi

jr. member

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Merit: 6

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.

Topic: Meme Coins Resembling Lotteries in the Crypto Space - page 3. (Read 302 times)