Topic: Meme Coins Resembling Lotteries in the Crypto Space (Read 287 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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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. 

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 . 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.

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.

 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.