Memecoins Vs legit Altcoins in 2023 - page 2.

Ben Barubal

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Quote from: Jonyshake71 on July 29, 2023, 02:49:55 AM

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Meme coins were few but this year, situation is changed. Everybody is busy launching meme coins, no whitepaper, no roadmap. 8 projects are meme coin out of 10 projects.
It seems, this year will be full of meme coins. What do you think? Why meme coin launching is increasing so much in this year?

I believe that the meme coin season has not yet arrived; however, it may do so during the upcoming bull run, at which point many individuals may find themselves suddenly rich thanks to these currencies, which are universally known as shit coins.

Similar to what happened with Pepe Coin, many people argued that the money of investors who purchased it would be a waste.
However, when the projects were just getting off the ground, those who purchased it made significant profits. In addition, many other listed altcoins outperformed Pepe Coin and were added to the top exchanges right away, like Binance, while the majority of other altcoins are still not listed on Binance.

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Quote from: dansus021 on September 30, 2023, 09:03:08 PM

Quote from: Cryptoababe on September 29, 2023, 01:05:31 PM

Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

Agree most of them were just created to make the developer of the coin rich. That is the main purpose of it, besides making fun of another coin hahaha. Early adopters should win especially when the big centralized exchange start to listing them. Like happen in SHiba or PEpecoin

Correct! if big exchange bite that meme project developer will continue to earn money, it's going to first come first basis for risky
investors to earn out from a kind of meme asset.

Those who enter last will suffer with huge losses since the value will surely fall hard after they bought their shares, a classic outcome that most
the time investor already knew it but they are willing to take that risk in hope that they'll going to earn if luck permits.

While conservative trader/investor will stay focus with good and quality asset, both long and short goals they will anticipate the small win
that the project can bring them.

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Quote from: Mehedi72 on October 01, 2023, 04:55:00 PM

true. Even bedsides most of People want to make profit, sooner or later. People invest bnb, eth, btc only for profit, which is slow process as those altcoins won't pump dump randomly but meme coins does! Thats why people invest in memecoins and so memecoins are kind of trding coin now but I don't know why people take so much risk by selecting memecoin cause most of those were/are dumped and dead most of the time

It's like a gambling coin Cool

100000% agree like the other coin if you become early adoption of memecoin you will feel the craziness of memecoin that could pump the price of a thousand percent in a matter of day and sometimes the dev gives you staking services with annual of 100%+ APY to tempt new user to join the ecosystem.

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Quote from: Jonyshake71 on July 29, 2023, 02:49:55 AM

It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

Launching memecoins can give a developer less responsibility. Since it is labeled as memecoins, developers if wanted can just not work on the real case of the coins since it is created as meme. It can proceed with not promising anything but a pure speculative market. These token are created not to be used for something but just for fun. So this is way more worry-free for a developer. This is the reason why many developers are lauching more memecoin this year.

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Quote from: Cryptoababe on September 29, 2023, 01:05:31 PM

Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

meme coin in general zero sum game where the early bird get the most of it, if given choice to invest in these two its no brainer to choose altcoin instead.
after all at least if it go down it will not go down easily to zero meanwhile meme coin once those that invest early are done dumping their coin i doubt it will
have any value left.
at worst the coin just got rugpulled or just simply losing it liquidity which means your money gone therefore always avoid meme coin if you can, the risk of losing money not worth the investment.

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Quote from: dansus021 on September 30, 2023, 09:03:08 PM

Agree most of them were just created to make the developer of the coin rich. That is the main purpose of it, besides making fun of another coin hahaha. Early adopters should win especially when the big centralized exchange start to listing them. Like happen in SHiba or PEpecoin

true. Even bedsides most of People want to make profit, sooner or later. People invest bnb, eth, btc only for profit, which is slow process as those altcoins won't pump dump randomly but meme coins does! Thats why people invest in memecoins and so memecoins are kind of trding coin now but I don't know why people take so much risk by selecting memecoin cause most of those were/are dumped and dead most of the time

dansus021

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Quote from: Cryptoababe on September 29, 2023, 01:05:31 PM

Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

Agree most of them were just created to make the developer of the coin rich. That is the main purpose of it, besides making fun of another coin hahaha. Early adopters should win especially when the big centralized exchange start to listing them. Like happen in SHiba or PEpecoin

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Quote from: Jonyshake71 on July 29, 2023, 02:49:55 AM

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

Memecoin launching is increasing so much this year because developers and team don't usually need more time, money and effort in creating such coin. Seems like a plug and play thing and they just need a huge communtiy to shill. Memecoins are cheap so maybe all type of investors can hodl from a fraction of a coin to millions or even billions on their wallets. I can also see huge volume of trades on exchanges with memecoins.

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Quote from: Jonyshake71 li.
Why memecoin launching is increasing so much in this year?
[/quote

Its Simple. Because memecoin is a shitcoin that was created without any essential purpose. This means that if you have a little ability to create tokens, then you will be able to create memecoins. Usage function? certainly not. It can only rely on the large community on the memecoin. Like many people have to want to buy the coin for the price to increase. That sounds funny to me.

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Quote from: radjie on September 30, 2023, 05:29:56 PM

Quote from: Jonyshake71 on July 29, 2023, 02:49:55 AM

It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

It all started with the support of an influencer who was able to boost the popularity of Memecoin itself (Doge). Many people take advantage of situations like this to create new projects in the hope that related projects can get the same support, and many investors have high hopes that if they invest in them they can get multiple profits, because Memecoin has become a major trend at that time

i mean even without the influence of that influencers scammers will always find way to make shitcoin for the sake of draining other people wallet.
even it there's no trend about meme coin they'd make shit coin in other forms.
what matters most is the consciousness of those that trying to invest in these shitcoin hoping to flip their hundred dollars into millions because they are the ones that always becomes the target here.
moreover, the fact that there are people who knowing well how shit these shitcoins are and still speculating in it, just simply the reason why such pump and dump shitcoin exists in the first place.

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Quote from: Jonyshake71 on July 29, 2023, 02:49:55 AM

It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

It all started with the support of an influencer who was able to boost the popularity of Memecoin itself (Doge). Many people take advantage of situations like this to create new projects in the hope that related projects can get the same support, and many investors have high hopes that if they invest in them they can get multiple profits, because Memecoin has become a major trend at that time

tbterryboy

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Quote from: ?? on ??

Memecoins don't have any technological value, but at the current moment, the cryptocurrency market seems to be in great need of them.

The market was doing pretty well even before these meme coins and it will do perfectly fine even without them. So, I don't really think that the market is in any way in need of them. Because, when something is NOT adding any value to its own market then why that market needs them?

Quote from: ?? on ??

Their sudden appearance and widespread discussion are not coincidental; they are undoubtedly created by market makers to heat up the market and help it endure the winter season.

Nothing is coincidental, someone created a meme coin out of fun back in the day, and since it got significant success and became very popular, others thought why not try creating one and see what happens? And that's how the market started getting flooded with meme coins.

Quote from: ?? on ??

The important thing is, if you understand them, you can make informed decisions.

And how do you suggest one understands a meme coin? They don't offer anything, they don't offer a whitepaper since they are created out of thin air and don't provide any use cases to the community. What do you refer to when you say, "if you understand them"?

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Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

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Quote from: fapar on September 29, 2023, 03:52:59 AM

To the above we can add the rather low cost of meme coins/tokens in relation to “classic” altcoins. A very clear example of dishonest behavior by a meme coin developer is the example of PEPE. There is an opinion that the PEPE developer artificially influences the coin rate by buying or selling large volumes of tokens through dummies. Just yesterday, one of the users purchased PEPE in the amount of 390 ETH and several other users bought over a trillion PEPE.

It's because there are no sane people who will buy such coins because they really have no value to the world, in have no contribution to anything just a mere meme coin. that's why they are the one who needs to move and make a quick plan in order to fool their investors. the only people you see buying such coins are risk takers who know when to quickly sell back their coins when something goes wrong, that's why when you are a newbie, you better buy such high-risk coins in order to save your capital.

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Quote from: lienfaye on September 28, 2023, 08:11:21 PM

What makes the investors chose the meme coins despite of being high risk investment? It's because of the potential profit in a short period. If you're an early investor (meaning the meme coin that you invest in didn't reach its peak yet) chances to gain from it is possible. However this is, if the particular meme coin became popular and indemand for investors who are looking for quick profit. As we know many investors are still looking for a quick profit rather than to wait longer even the coins are promising (the established coins) with real use case.

Therefore, meme coins (and other new trend) will continue to exist because of investors who are buying it. The dev will continue to create such project because since it's profitable on their side.

To the above we can add the rather low cost of meme coins/tokens in relation to “classic” altcoins. A very clear example of dishonest behavior by a meme coin developer is the example of PEPE. There is an opinion that the PEPE developer artificially influences the coin rate by buying or selling large volumes of tokens through dummies. Just yesterday, one of the users purchased PEPE in the amount of 390 ETH and several other users bought over a trillion PEPE.

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Quote from: mdzahed134 on September 28, 2023, 08:18:28 AM

Don’t compare with MEME coins and promising/legit projects, meme seems gamble, it’s high risk with high profits, but there are no guarantee. People’s rush to invest to gain 50x-100x in short terms when a new meme coin is going hype in the market. I also tried in the few projects with small amount, yeah i got decent profits from only a project. But i would like to recommend legit project for the long term.

It is probably right to invest at the right time, then you don't have to wait for a long period of time. For example, if you invested in LTC a few years ago, you would have to wait a long time to at least get your investment back. But if you invested in 2020, you would have made a good profit within a year. I guess it's easier with good projects than meme. The meme is just a casino.

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Quote from: Jonyshake71 on July 29, 2023, 02:49:55 AM

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

well, we know that projects that really develop their products, and want to survive for a long time must have all the information investors need to invest in the projects they create. That's why quite a lot of things are needed, such as white papers and other calculations. I think that it is not easy to create a project to attract investors, especially now. However, on the other hand, there are many people who dare to take the risk of choosing meme coins to short. This may make them profit, however, meme coins are not created for a very long period of time, and are also very vulnerable to being a scam. maybe the risk is 2 or 3 times greater than investing in legit altcoins. That's why they choose to utilize meme coins in the short term. Because people tend to take advantage of this, there are more new meme coins appearing nowadays than new legit altcoins.

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Quote from: mdzahed134 on September 28, 2023, 08:18:28 AM

Don’t compare with MEME coins and promising/legit projects, meme seems gamble, it’s high risk with high profits, but there are no guarantee. People’s rush to invest to gain 50x-100x in short terms when a new meme coin is going hype in the market. I also tried in the few projects with small amount, yeah i got decent profits from only a project. But i would like to recommend legit project for the long term.

It's simply an unfair statement, where the speakers only talk about a small percentage of successful meme projects that bring in big profits, but they also talk about the risks of losing thousands of times, and the story for legal projects, the same situation also occurs. The matter of time as people perceive it, I think that no matter what, they have their own operating rules and those who understand it always have an advantage over us.

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Quote from: bayu7adi on September 26, 2023, 10:16:29 PM

I strongly dislike the concept of "meme coins" even though some people have made substantial profits from them. However, this isn't the core essence of investing. It's evident that the level of seriousness among new altcoin developers is on the decline, as evidenced by the emergence of coins capitalizing on hype to generate significant profits in a short period. They come and go quite easily.

Indeed, the adage "high risk, high return" holds true, but focusing on the top 10 coins is preferable to spending time on something highly risky and challenging to analyze. I still rely on fundamental analysis to make sound decisions.

What makes the investors chose the meme coins despite of being high risk investment? It's because of the potential profit in a short period. If you're an early investor (meaning the meme coin that you invest in didn't reach its peak yet) chances to gain from it is possible. However this is, if the particular meme coin became popular and indemand for investors who are looking for quick profit. As we know many investors are still looking for a quick profit rather than to wait longer even the coins are promising (the established coins) with real use case.

Therefore, meme coins (and other new trend) will continue to exist because of investors who are buying it. The dev will continue to create such project because since it's profitable on their side.

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Don’t compare with MEME coins and promising/legit projects, meme seems gamble, it’s high risk with high profits, but there are no guarantee. People’s rush to invest to gain 50x-100x in short terms when a new meme coin is going hype in the market. I also tried in the few projects with small amount, yeah i got decent profits from only a project. But i would like to recommend legit project for the long term.

Topic: Memecoins Vs legit Altcoins in 2023 - page 2. (Read 1311 times)