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Topic: Memecoins Vs legit Altcoins in 2023 - page 3. (Read 1224 times)

jr. member
Activity: 51
Merit: 2
September 28, 2023, 06:02:07 AM
Think about memecoins as memes in social media. If one goes viral, everyone will see it and start to use it. Same as memecoins, lots of investors (new or not) will go and follow the hype without any real assurance that that memecoin will do well later on. I’d also say there’s more and more people knowing about cryptocurrency especially with the development of NFTs.
hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
September 28, 2023, 05:25:10 AM
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.
Yep. The concept of memecoin is just for fun, not for investment.
Unfortunately, many people take memecoin too seriously and dare to invest large amounts of money.
And when we talk about money, the greed factor will become dominant, and greed will make many people rekt.

Everyone has their strategy for investing their money.
Your Money, Your rules, and your risk Smiley
Wish more people knew about that, as we can see the situation we are handling right now is that people think memecoins are good things to invest into and we all know that they are not, and we should be avoiding them.

If you want to have fun and do something that you will get some joy out of, that might be something you can take a look into and because it will be something simple you will probably have some fun, but that doesn't mean that you are not going to end up with something good with it, you are just going to end up with some wild moves. You should end up with something much better on the long term and because that is going to be tough to handle we are going to end up with something that should not be all that easy.
sr. member
Activity: 2422
Merit: 264
Vave.com - Crypto Casino
September 27, 2023, 01:03:11 AM
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.

Yep. The concept of memecoin is just for fun, not for investment.
Unfortunately, many people take memecoin too seriously and dare to invest large amounts of money.
And when we talk about money, the greed factor will become dominant, and greed will make many people rekt.

Everyone has their strategy for investing their money.
Your Money, Your rules, and your risk Smiley
hero member
Activity: 1358
Merit: 538
dont be greedy
September 26, 2023, 11:16:29 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.
legendary
Activity: 2338
Merit: 1084
zknodes.org
September 26, 2023, 08:58:46 PM
Seeing how memecoin will develop in 2023, it will grow very rapidly. There are many memecoins that were launched and ultimately ended up being scams and most of them were abandoned by their developers. they are only created for price speculation and to enrich the developer. Those who enter early will certainly get several benefits. If you have to say the newest memecoins and altcoins in 2023 are almost the same, you just need to choose which one has good development because every project is different, there are altcoins that are really good and can develop now with good potential in the future.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
September 26, 2023, 03:56:01 AM
I always avoid memecoins cause Those kind of coin has weak basement and community. Those can easily manipulate and make those fall down or raise up anytime. Nowadays meme sector is growing cause of people demand! People always want to be Millionaire within a day, by the bless of memecoin! And so many people already enter Millionaire club too by investing memecoin. Recently pepe created buzz and people now investing on memecoin. So scammers launching memecoin more than others altcoins as they don't need to white paper or roadmap. This is easiest way to scam
thats greed when people want to flip their money into million of dollars they don't have the logic to think whether they truly gonna make it instead of losing their money.
because see the promises offered by these scam coins as well as seeing those early birds in meme coin that flip their thousand dollar into million they thought they are lucky ones that gonna repeats the same history.
sr. member
Activity: 876
Merit: 253
Vave.com - Crypto Casino
September 25, 2023, 07:30:53 PM
I always avoid memecoins cause Those kind of coin has weak basement and community. Those can easily manipulate and make those fall down or raise up anytime. Nowadays meme sector is growing cause of people demand! People always want to be Millionaire within a day, by the bless of memecoin! And so many people already enter Millionaire club too by investing memecoin. Recently pepe created buzz and people now investing on memecoin. So scammers launching memecoin more than others altcoins as they don't need to white paper or roadmap. This is easiest way to scam
full member
Activity: 1292
Merit: 101
Vave.com
September 06, 2023, 07:29:07 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?
Investing on memecoin is like you are doing gambling .You can loose all of your money or you could be a rich person within short term.We all know that most of the memecoin will be scammed nevertheless we are investing for our greediness That's why scammer take the chance of our greediness and out with the money .We need to invest on legit project which hast strong use case that's could be the right idea to put our money in .However it is always risky to invest on new project though it is legit and also more risky to go with memecoin .I always ignore memecoin project and try to invest on strong legit ptoject .
legendary
Activity: 2982
Merit: 1149
Leading Crypto Sports Betting & Casino Platform
September 06, 2023, 02:01:07 AM
Meme coin has no future.  Meme coin does not have a blockchain.
Blockchain isn't something that automatically makes something better. Before eth, all we had was pointless clone memecoins with different blockchains. In fact tokens on established blockchains are way more secure and resilent against any sort of attact.

-cut-
 There is no difference between total supply and circular supply.
-cut-
You can't just use random memetoken as an evidence. There literally is a difference. That's why marketcap and fully diluted marketcap are seperated in cmc. It's more about issuance rate to circulating supply that is worth looking closer.
sr. member
Activity: 2394
Merit: 267
Vave.com - Crypto Casino
September 05, 2023, 07:49:50 PM
Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.
There are many coin memes who want to succeed just like Doge, so it's no wonder they try their luck too by making coin memes. But as you said, meme coin growth looks good, but no one can be expected to be profitable; more is fast growing and fast disappearing too. Don't sacrifice your funds for something as hard to hope for as meme coins; it's wiser to place them on potential and widely available altcoins.
hero member
Activity: 826
Merit: 481
September 05, 2023, 04:34:50 PM
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?
Some time I can't stop but to ask the question.

Is meme coins actually an investment or a Ponzi scheme,  because there is no difference between memecoins and Ponzi schemes,  so I will say that I never consider meme coins as good investment rather than just gambling with your money.


And the worst thing is that when those meme coins get pumped and dumped,  it becomes almost impossible for them to rise again unless the few that make attempts to constantly pump their market from time to time and this is not even a guarantee you have the coin pumped to the initial price.


So I prefer to hold well known coin like Bitcoin Ethereum and the other well known coins that already have a track record of market success.
full member
Activity: 1134
Merit: 140
September 05, 2023, 04:02:42 PM
Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.
yes, people are making quite a fortune from memecoin, and people are also enthusiastic about short investing, so it's likely that many developers are racing to make meme coins to profit from the meme coins hype. While we know that investing in popular altcoins is much safer, people are willing to take risks with meme coins, even with enough cash to make a quick profit.
The reason that some people invest a lot of money in meme coins is that some of these meme coins have provided significant profits to some people in the past which makes everyone think that they might become one of those people and become millionaires and if not millionaires, they might earn at least a few hundred thousand dollars in profits, even a few thousand will do for most of the investors as they will have a few hundred invested in these coins.

However, people don't understand that they lose a lot of money on these meme coins even if they are investing small amounts in each one of them because out of thousands of meme coins, only a few manage to get substantial hype among investors and then manage to get some success and most of them will fail.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
September 03, 2023, 07:02:51 PM
Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.


I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.
that is the exact reason why meme coins sells like a hot cake sometimes though some people just wanna have fun speculating and meme coin perfecty serves that purpose, there's reason why it's called shitcoin because its pure speculation but thats the essence that many are seeking, basically everyone just want to turn their money fastly by betting on these meme coin which is perfectly fine since i'm sure they all know the risk accompanying this coin investment.

if not for that characteristics of meme coin then I doubt meme coin could get this far, remember sometimes entertainment brings more profit than utility.
member
Activity: 1563
Merit: 23
September 03, 2023, 01:58:15 PM
#99
Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.


I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.
With the spread and creation of meme coins everyday, it's no longer fun as people treated it as an actual investment and practically hoping for it to make them rich as quick as possible. It's no fun anymore. I remember the days where I am receiving DOGE as a tip by being active on an exchange public chat. I'm happy with the small gesture of receiving some kind of token from random persons I don't really know. Today, it's hardly to experience that since everyone thinks that these memecoins will have a value and make them rich LOL.

Yes or no to some degree.  I have noticed meme content of dogecoin changed over the years.  In the early days, yes,  tip was big part of doge, but doge got hacked on tip wallet as I recalled years ago.  Today, doge is mainly Elon's meme coin and also an important liquidity coin because many small exchanges still have doge trading pairs for many other smaller crypto coins.

Each meme coin has different nature of fun part. I am now also into Cheetahcoin, which is mainly a crypto mining fun on sha256.  I get lots of fun when I see my USB  gekko devices get CHTA coins everyday, some times millions of jack pot mining reward in one day once in a week or 2.  That is lots of mining fun on that.  

Meme coin violent nature of trading price speculation of course is unavoidable nature of this kind of coins. but certainly there are funs on mining, trading, payment, wallet etc pierce of crypto experience where meme coin holders do not have to pay a lot for principal, nor to pay a lot for fees for those kind of whole level crypto experience.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 03, 2023, 12:40:40 PM
#98
Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.


I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.
With the spread and creation of meme coins everyday, it's no longer fun as people treated it as an actual investment and practically hoping for it to make them rich as quick as possible. It's no fun anymore. I remember the days where I am receiving DOGE as a tip by being active on an exchange public chat. I'm happy with the small gesture of receiving some kind of token from random persons I don't really know. Today, it's hardly to experience that since everyone thinks that these memecoins will have a value and make them rich LOL.
full member
Activity: 589
Merit: 102
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
September 03, 2023, 03:10:00 AM
#97
Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.


I don't really understand what's so fun about memecoins. Just because it's named after a meme it makes buying it more fun than buying Bitcoin or something else? It's just pure gambling because the only thing that memecoins can have is hype.
member
Activity: 1563
Merit: 23
September 03, 2023, 01:50:39 AM
#96
Memecoins are fun,  a bit casual joke, a bit of gambling.

Here is fact,  Macau and Las Vegas exist for a reason, same  as memecoin, a bit gambling, then fun of entertainment.

I think memecoin are fine. but do not bet your house on them, just treat them as casual fun entertainment, like many goes to Vegas or Macau in different virtual world.
sr. member
Activity: 1512
Merit: 397
dice9.win/ - Simple, fast and provably fair
September 02, 2023, 10:21:14 PM
#95
Unfortunately this means that we get flooded with meme coins, every single one with the same promises about going to the moon soon and every single one just as useless as all the meme coins that appeared on the past, but for some reason this does not bother their potential investors and instead they seem happy to invest in a useless coin.
I don't like meme coins because they cause harm to many people and only a few people get lucky. And that's usually the people around the founder of the meme coin. Investors who still invest their money in meme coins are new investors who do not know that they have been cheated. I think investors who have invested there will not repeat the same thing.
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
September 02, 2023, 01:36:15 AM
#94
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?

We are all aware that the Pepe coin is the wildly popular moniker for a meme coin in the cryptocurrency sector this year, 2023. This raised millions of dollars in the cryptocurrency market quickly. The Pepe coin incident gave hope to other meme coins as a result of this episode.

You can see that Elon Musk isn't advertising it and that he hasn't made any tweets regarding Pepe Coin. Contrary to Dogecoin and Shib Inu, however. that without discussing Doge or Shib, the value won't rise.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
September 01, 2023, 10:59:22 PM
#93
Ever since Elon Musk promoted dogecoin, I have seen the unusual hype of memecoin, gaining popularity and new meme projects. But these projects are only shiny from the outside but hollow inside. They exist today but not tomorrow. But investing in legit altcoins is much safer than memecoin.
yes, people are making quite a fortune from memecoin, and people are also enthusiastic about short investing, so it's likely that many developers are racing to make meme coins to profit from the meme coins hype. While we know that investing in popular altcoins is much safer, people are willing to take risks with meme coins, even with enough cash to make a quick profit.
And they are rushing to create those coins not because they are difficult to create but instead because it is incredibly easy to do it, so they know that every hour they delay the release of their meme coin then they will have more competition to get the attention of traders and investors.

Unfortunately this means that we get flooded with meme coins, every single one with the same promises about going to the moon soon and every single one just as useless as all the meme coins that appeared on the past, but for some reason this does not bother their potential investors and instead they seem happy to invest in a useless coin.
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