Meme coins still makes you rich or end of trend? - page 7.

TWW

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Quote from: tvplus006 on December 16, 2021, 10:23:24 AM

In order for the price of a coin that has no utility to increase, only a hype is required, which is easier to arrange if famous personalities connect to it. But famous personalities will not shill if they are not financially interested in it. Therefore, most of the new coins will not be as successful as Doge and Shiba Inu.

although you can see for yourself, many tokens share the same name as dogecoin and Shiba.
it will not help them to gain market confidence to enter. because now investors are getting smarter and competition in the market is very tight.
meme coins will probably always be around, and more of them will become shitcoins. even after being listed on the exchange, it will most likely be dumped straight to the bottom.

geegaw

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Quote from: azhariejaya on December 16, 2021, 04:01:10 AM

Seeing the current conditions where there are many meme coins whose prices have fallen too deep, maybe many investors are already hesitant to buy meme coins, and I think that in 2022 the hype of meme coins will not be like this year.

The current bearish condition is not an independent deep drop of the meme coin, it's the environment that bitcoin is emitting and seeping into the altcoin's protective layer, altcoins are in a toxic environment and resistance is eroding every day, people are hesitating at all options and at the ones that are the most toxic like meme coin, more restrictive is normal. But after being purified and the sequelae behind is what we need to know most, 2022 can still benefit unexpectedly and abundantly from disaster but it can also be full of sequelae from this heavy poisoning

tvplus006

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To the Moon

In order for the price of a coin that has no utility to increase, only a hype is required, which is easier to arrange if famous personalities connect to it. But famous personalities will not shill if they are not financially interested in it. Therefore, most of the new coins will not be as successful as Doge and Shiba Inu.

2girls

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I think anyone said that Meme coin still makes you rich its absolutely rong because many Coin you purchase and you hold you wait for that they rise there price but the coin cannot rise there price and the price going yo dump and some time a beautiful meme coin are a scam project.
So cannot believe in these type coin.
And some time the wonderful project are come you buy a token in cheap price and you gain a huge amount of profit.

mamesso

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By the middle of 2021, Dogecoin whose status as a MemeCoin had shocked the crypto world after Elon Musk tweet on his personal twitter account. At that time no one expected Dogecoin to be so popular and its price skyrocketed in such a short time. After Dogecoin set the all-time record, Coins with MemeCoin status are also increasingly appearing in the crypto market. MemeCoin tends to have higher volatility when compared to other cryptocurrencies such as BTC, ETH and BNB, because MemeCoin is a community driven token.

MemeCoin was created to make quick money or (created for joke purposes only). When the price soared, traders will immediately sell their MemeCoin to make a profit, because MemeCoin has no real value and purpose. It is very unlikely that MemeCoin will continue to survive in the next few years. When a trader has profit from MemeCoin investment, they will soon switch to another coin so the price of the old coin will drop. Examples such as experienced by Dogecoin and Shiba inu.

Botnake

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Quote from: OrangeII on December 16, 2021, 06:19:00 AM

in fact, we know that it is risky, but in fact it can also bring in quite a lot of money. it's just, people often say that it has big risks, so before people invest in memecoin, they should be aware of the risks.
For now, I'm planning to invest in Doge or Shiba for memecoin, but I'm not spending a lot of money on it. only last long term, and if the price goes down, it doesn't really matter to me. However, I know the risk of doge and shiba prices being dumped very deep. however, due to the large fluctuations, and we don't know what the impetus will be, I am willing to take the risk, but use the money I can afford to lose.
however, I still don't recommend others to invest there, because of the risks.

Well, meme coins nowadays are definitely having a hard time to recover just like any other altcoins too. This correction is really making the market turns into a bloodbath. And investing in meme coins with definitely no real usage will be very risky but if you believe in them no matter what other people say, i guess just be responsible and be ready to accept all its consequences. But as long as you only invest on the amount you can afford to lose maybe just trying your luck, then i think you will never be in a huge loss once that happens.

masterrex

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Quote from: Mehedi72 on December 15, 2021, 05:04:40 PM

Once people was crazy about meme coin. After publishing lots of article, videos Against meme coins as cautioins, and after knowing that such step would be risky but they keep invested on such coins for earn quick money. Doge was pumped after elon tweet but dump again. now it seems people are more careful than before and most of memcoins got flop. so holding meme coins still make you rich or soon it'll be end of meme trend?

I guess not all crypto users/investors are listening to that call and warning, because until now still a lot of investors were speculating on the meme coin/tokens. in that case, one thing is for sure they don't afraid of what may be the outcome is, they are only concerned about the possible quick profit if the meme tokens were pumped just like Shiba Inu.

Nahl

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So far the most successfull of memecoins were belongs to doge and shiba inu because most of traders can get decent profit from them even i heard the profit very unexpected because of big pumped for the price and also for upcoming year i think not impossible to see other memecoins can surprising us again so on my thought memecoins trend will continue until 2022

MadeMen

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There's really no certainty when it come to holding any coin. I know people are loosing trust on meme coin but that doesn't mean that we can't have a pump soon on dogecoin or Shiba, it only takes a whale to keep the ball rolling once again.

TimeTeller

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Quote from: kapalmabur on December 16, 2021, 05:10:38 AM

Quote from: azhariejaya on December 16, 2021, 04:01:10 AM

Seeing the current conditions where there are many meme coins whose prices have fallen too deep, maybe many investors are already hesitant to buy meme coins, and I think that in 2022 the hype of meme coins will not be like this year.

It's possible that what you said could actually happen and we'll see what happens to the meme coin in the next year,
what's more, many meme coin projects ended up being scams, of course this is very unfortunate,
the most important thing is to just follow the developments because in crypto it is difficult to predict

As we are seeing now, meme hype is slowly replaced by NFT/Metaverse projects.
It will not be long before we see this meme hype die down. Some may still be alive next year, but people will realize that this is not a sustainable project to hold onto.
A lot will be abandoned and will exit this hype without any warning. So for those holding meme tokens, you should be aware of what's to come.
If you want a bit of insurance that your portfolio will not be screwed, better convert it to valuable projects.

OrangeII

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in fact, we know that it is risky, but in fact it can also bring in quite a lot of money. it's just, people often say that it has big risks, so before people invest in memecoin, they should be aware of the risks.
For now, I'm planning to invest in Doge or Shiba for memecoin, but I'm not spending a lot of money on it. only last long term, and if the price goes down, it doesn't really matter to me. However, I know the risk of doge and shiba prices being dumped very deep. however, due to the large fluctuations, and we don't know what the impetus will be, I am willing to take the risk, but use the money I can afford to lose.
however, I still don't recommend others to invest there, because of the risks.

kapalmabur

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Quote from: azhariejaya on December 16, 2021, 04:01:10 AM

Seeing the current conditions where there are many meme coins whose prices have fallen too deep, maybe many investors are already hesitant to buy meme coins, and I think that in 2022 the hype of meme coins will not be like this year.

It's possible that what you said could actually happen and we'll see what happens to the meme coin in the next year,
what's more, many meme coin projects ended up being scams, of course this is very unfortunate,
the most important thing is to just follow the developments because in crypto it is difficult to predict

redwine49

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we don't know for sure, memecoin trend will go up again or not.
last month elon musk tweeted about floki and makes flokicoin going up crazy
https://mobile.twitter.com/elonmusk/status/1444840184500129797

Mauser

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Quote from: Mehedi72 on December 15, 2021, 05:04:40 PM

Once people was crazy about meme coin. After publishing lots of article, videos Against meme coins as cautioins, and after knowing that such step would be risky but they keep invested on such coins for earn quick money. Doge was pumped after elon tweet but dump again. now it seems people are more careful than before and most of memcoins got flop. so holding meme coins still make you rich or soon it'll be end of meme trend?

I wonder how many people actually managed to get rich with meme coins? Many people here on the forum own some meme coins and probably made a decent profit it this year. But I would expect that many investors are like me and only held a small amount in meme coins. Elon Musk made good money with doge coin, but what about all the reddit traders who bought into the hype? The HODL strategy of meme coins might look nice to your fellow traders, getting rich of it might be very hard. I don't think the meme coin hype is completely over it just gets harder to profit of it.

Kasabus

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Quote from: Looper_U on December 16, 2021, 03:55:13 AM

Be careful with meme coins 🤣 I lost 10k with one already because there are many whales on the project and they decide to dump on investors in a day, till date this project haven't recovered yet, meme coins are just for taking advantages you need to be real smart around them, good luck

Meme coins are said to have no great foundation so anytime, they will come to an end. And its always expected that they will not live longer in this crypto market as they have no real utility cases. And investing in them could mean very risky on the part of every investor as their value only depend much in hypes. And every time big whales like Elon decides to backed meme coins.

However, if a serious price correction hits the market like what we have right now, i do think they will only have less chances to survive. Seeing dogecoin and Shiba Inu with their present status, its like they are greatly affected by this current market correction.

azhariejaya

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Seeing the current conditions where there are many meme coins whose prices have fallen too deep, maybe many investors are already hesitant to buy meme coins, and I think that in 2022 the hype of meme coins will not be like this year.

Looper_U

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Be careful with meme coins 🤣 I lost 10k with one already because there are many whales on the project and they decide to dump on investors in a day, till date this project haven't recovered yet, meme coins are just for taking advantages you need to be real smart around them, good luck

Vaculin

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Winding down.

Quote from: kojektea on December 16, 2021, 03:15:18 AM

I've never bought a Meme coin other than Dogecoin. But it was really a joke when I heard someone dared to burn himself of his assets to raise the price, he was a buff doge. I believe this project is a scam project that only mimics the dogecoin trend.

And Dogecoin right now is already losing its value so if you are in a position that you are hodling it for long, then you must be in a huge loss once you decide it to sell. I think it will only be profitable for meme coins if they are hyped but once its gone, they will eventually lose their value and i really doubt if they can still regain their value knowing they don't have real use cases either. So it will be a better move if we start investing in those coins that are more established and have real use cases because even if they dump their value, there will still chances for them to regain them.

kojektea

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I've never bought a Meme coin other than Dogecoin. But it was really a joke when I heard someone dared to burn himself of his assets to raise the price, he was a buff doge. I believe this project is a scam project that only mimics the dogecoin trend.

Rahman11

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Why are meme coins so popular? While it's hard to define specific reasons, some say that during the COVID-19 pandemic, the crypto market grew as retail investors wanted to hedge against inflation. Meme coins also boomed amidst the hype, growing both in market capitalization and variety.

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