New way to fight against inflation the wealth storage

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: Fullbear2222 on August 19, 2024, 02:27:41 AM

...
There should be system what's keep buying all the panic sellers orders so Because of panic sellers other holders don't suffering.

The closest which already exists in the market are algorithmic stable-coinsnand most of them have failed after some month of their launch.
Also, since you are referring to memecoins as an actual way for people in entire countries to counter inflation, then your point of view about the topics losses credibility in the eyes of the people who have gone through actual inflationary crises, like me.
I am from Venezuela, so I know a couple of things on what inflation is actually like and let me tell you, when people is going through inflation, they do not resort to memecoins within the market of cryptocurrencies, they resort of stronger FiAT, like The Undes States dollar, el Euro and even the Brazilian Real.
most of societies are not yet prepared to manage their own private cryptographic keys, let alone managing their finances through the use of memecoins. It does not make sense.

If someone is willing to give decentralization a try, it would better in general just to stick to Bitcoin and Ethereum, instead gambling with some random memecoin which promises what other more serious projects could not deliver.

Oluwa-btc

hero member

Activity: 980

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: Fullbear2222 on August 19, 2024, 02:27:41 AM

The good meme coin with decent volume of traders the good team strong Community and good coinnomics stats.
Could be like wealth storage there will be buyers always and sellers it's acting like fiat currency wich used for commodities trading like oil gas.

Well I don't agree to it because you can tell more about it's reliability and what I'll say is that you should invest or store your money in something your sure of it's outcome overtime, just like Bitcoin I can attest that investing in it will generate more money and as well amount to wealth storage usually for long term.
So if you want to fight against inflation and you think wealth storage is one means to tackle it then you have to but coins that worth it but I'm not sure of meme coin as it's value depreciate and is devalued overtime and you'll certainly get losses you didn't hope for so if your talking about the best wealth storage system to fight against inflation I think you'll have to opt in for Bitcoin then which will save you from alot .

lixer

hero member

Activity: 2688

Merit: 588

Quote from: yhiaali3 on September 12, 2024, 05:14:49 AM

I don't think it's a good idea, how can storing meme coins be like "storing wealth against inflation"? It doesn't make any sense at all because these coins work in a pump and dump way and then they fade away with time.

At the beginning of their listing, meme coins rise like crazy but then they calm down and start falling and don't rise again with time so I don't think they can be anti-inflation at all? Yes, they can be anti-"wealth inflation" Cheesy

Because you will definitely lose your wealth in the long run.

Only those who are new in the industry would make the mistake of buying and holding meme coins because they wouldn't have enough knowledge about them and the only thing they have heard about meme coins is that they can make one a millionaire but they don't know the negative aspect of investing in them which is that one can lose all the money they are investing in meme coins in case they lose value all of a sudden and this happens a lot with such tokens.

Someone who has a bit of knowledge about this industry would know it's a bad idea and they can't hoard profits by holding meme coins and all they would have at the end is a bunch of worthless tokens in their wallet. So, when trading meme coins, one should make sure they are buying and selling quickly before it's too late.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Mr.sprin on September 11, 2024, 01:56:07 PM

That's right bro, we have to be careful in analyzing future charts, don't let us take the wrong steps so that we are trapped in losses due to our own actions, many coins can be profitable in the long term, coin memes will not guarantee the integrity of the capital we save there, many coins which is more convincing of long-term profits so that we can invest our assets in convincing coins.

We can invest the assets we have in various coins which guarantee a profit figure, we don't have to invest all our assets in coins which will not guarantee a profit, in bitcoin you can save half of the assets you have so that you can scatter the other half in coins that are similar to bitcoin so you can be calm in investing your assets.

In general, for guaranteed profits in terms of investment, it is always uncertain in any coin, but for investment in Bitcoin, it clearly has the potential to be able to make a profit as long as the investor can be patient enough to face bad conditions and market trends that continue to change erratically. And investors who already have more experience in various investments, I think they will not look at any memecoin or shitcoin because the guarantee of profit is always uncertain so they will tend to choose the best in order to feel the potential for much better profits like in Bitcoin.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

The best way to fight inflation will always stay as bitcoin, I do not think that would be anything that comes of f short, it's clear that we are going to see this being something that takes a while and we can't always consider this as something that's too hard to do. I believe that as long as we give it enough time then we should be feeling fine about it.

Crypto, specially bitcoin is the best thing to fight off inflation, because while dollar gets devalued, bitcoin gets higher in value as well and much more than gold as well so it should be something that we care about and enjoy. I believe that we are not going to see gold becoming as big as bitcoin when it comes to volatility and profit making as well. Sure if you want to invest then you can invest but it will hardly beat inflation in most cases, sometimes not even beat it. Sort of like savings accounts, sure you get an interest rate profit but in most cases that's lower than the inflation a nation has.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Payment Gateway Allows Recurring Payments

I don't think it's a good idea, how can storing meme coins be like "storing wealth against inflation"? It doesn't make any sense at all because these coins work in a pump and dump way and then they fade away with time.

At the beginning of their listing, meme coins rise like crazy but then they calm down and start falling and don't rise again with time so I don't think they can be anti-inflation at all? Yes, they can be anti-"wealth inflation" Cheesy

Because you will definitely lose your wealth in the long run.

kro55

sr. member

Activity: 1610

Merit: 301

*STOP NOWHERE*

Quote from: mirakal on September 11, 2024, 05:32:07 PM

Quote from: iv4n on September 11, 2024, 06:02:37 AM

As others have already written, meme coins have strong communities, and it can be fun to use them (for trading, gambling, or something else). Some meme coins have brought many people nice profits... and they will probably be the same in the future. But they carry a lot of risks, and I doubt anyone serious will think about storing wealth and protecting against inflation with meme coins.

So people should have fun with meme coins, and invest in them what they can afford to lose. Everything above that is too risky...

From the word itself meme, it should only be here to create fun and entertainment, not to establish a wealth storage. Gone are the days where meme coins are giving us impressive profits, those days with dogecoin but now it's slowly coming to its end. When it comes to wealth accumulation and storage, there's only one coin that is responsible for that, that is bitcoin. And until now, it's still the topmost trusted crypto in the market, meme coins are just cheap and affordable to invest, but they will never be good enough for long term hodling.

No, the memecoin market is still the same, it will continue to exist and grow, and it has become an indispensable part of the cryptocurrency industry. If you follow the memecoin market from last year till now, you will see names like pepe, wif, bonk, wen...still brings thousands of percent profit to people. Not to mention it is contributing a huge amount of capitalization to the market.

But as people say, investing in it is like gambling, speculation because the risk is very high so it is not suitable for long-term investment, let alone thinking about using it to prevent inflation. What OP said is nonsense and his knowledge is more like that of a newbie than someone with experience wanting to share with everyone.

Darker45

legendary

Activity: 2576

Merit: 1860

Do that and you're effectively jumping from the frying pan into the fire. At least with fiat the devaluation is slow albeit continuous. Whereas with a meme coin, a 90% devaluation could happen within hours or days. And the recovery? Not happening ever.

But, yeah, you can do that when that system that keeps buying all that's being sold is in place. When will that system be implemented? Not happening ever.

You're fighting against inflation? You have Bitcoin. You can get into other options as well. You have gold, bonds, real estate, or perhaps start a business.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Fullbear2222 on August 19, 2024, 02:27:41 AM

If this meme coin space improve more then it could be best way to store your wealth.

Your advice there is not just hilarious but a financial suicide if anyone took it. Memes shouldn't in anyway be considered a kind of hedge for wealth preservation. If it happens by stroke of luck, it happens. It should not be anyone's Plan A to "store wealth". Investment in meme is the riskiest in cryptos.

Newbies shouldn't heed your advice. In fact, it's not advisable for crypto noobs to trade on memes let alone use them as avenue to preserve their hard earned money. They're more likely to lose all than profit from it.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: iv4n on September 11, 2024, 06:02:37 AM

As others have already written, meme coins have strong communities, and it can be fun to use them (for trading, gambling, or something else). Some meme coins have brought many people nice profits... and they will probably be the same in the future. But they carry a lot of risks, and I doubt anyone serious will think about storing wealth and protecting against inflation with meme coins.

So people should have fun with meme coins, and invest in them what they can afford to lose. Everything above that is too risky...

From the word itself meme, it should only be here to create fun and entertainment, not to establish a wealth storage. Gone are the days where meme coins are giving us impressive profits, those days with dogecoin but now it's slowly coming to its end. When it comes to wealth accumulation and storage, there's only one coin that is responsible for that, that is bitcoin. And until now, it's still the topmost trusted crypto in the market, meme coins are just cheap and affordable to invest, but they will never be good enough for long term hodling.

Bd officer

sr. member

Activity: 602

Merit: 369

Betunlim|Welcome Bonus 100%|Upto 1000€

Quote from: Fullbear2222 on August 19, 2024, 02:27:41 AM

The good meme coin with decent volume of traders the good team strong Community and good coinnomics stats.
Could be like wealth storage there will be buyers always and sellers it's acting like fiat currency wich used for commodities trading like oil gas.
The decent meme project with good stats until Under 1mil+ Marketcap can act like wealth storage against inflation.
If this meme coin space improve more then it could be best way to store your wealth.
There should be system what's keep buying all the panic sellers orders so Because of panic sellers other holders don't suffering.

OP, you said to invest in meme coins to fight inflation which shouldn't. If you invest in meme coine it will be very risky. Meme coins are like a storm. Yes, investing in meme coin can make high profit but very risky. Hence, Trusted coins should be chosen to fight inflation. Bitcoin is the most trusted currency among cryptocurrencies, so it can be good to invest in Bitcoin. If you hold Bitcoin for a long time, you can earn a lot of profit. Besides, you can choose the top altcoins ethereum coin if you want. You have to think in all directions, why would you take more risks? Choose the best currency to keep your assets safe.

DubemIfedigbo001

sr. member

Activity: 490

Merit: 346

Let love lead

Memecoins are good projects? Some pump and dump shits that you're encouraging for hedge against inflation when you've Bitcoin which is a store of value?

Memecoins are good for quick profits and mindless gambles but never as a hedge of inflation of any kind. The liquidity can be removed at any time and it's just going to be as without value as the shit Mbappe coin that defrauded a big player sometime least week.

Mr.sprin

full member

Activity: 1554

Merit: 129

Buzz App - Spin wheel, farm rewards

Quote from: hyudien on September 11, 2024, 01:00:54 PM

I don't know where your mind came from, because you have mixed up the principle of storing value especially meme coins, don't put all your holdings in it. Quite a scary perspective if a beginner follows your direction. Don't you have any other choice besides meme coins? Isn't there still bitcoin that has been proven to be able to give you long-term profits if you want to make it a store of value according to the portion you want. Shouldn't we as investors be observant in evaluating every ratio between risk and reward? Sad

That's right bro, we have to be careful in analyzing future charts, don't let us take the wrong steps so that we are trapped in losses due to our own actions, many coins can be profitable in the long term, coin memes will not guarantee the integrity of the capital we save there, many coins which is more convincing of long-term profits so that we can invest our assets in convincing coins.

We can invest the assets we have in various coins which guarantee a profit figure, we don't have to invest all our assets in coins which will not guarantee a profit, in bitcoin you can save half of the assets you have so that you can scatter the other half in coins that are similar to bitcoin so you can be calm in investing your assets.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

Quote from: iv4n on September 11, 2024, 06:02:37 AM

As others have already written, meme coins have strong communities, and it can be fun to use them (for trading, gambling, or something else). Some meme coins have brought many people nice profits... and they will probably be the same in the future. But they carry a lot of risks, and I doubt anyone serious will think about storing wealth and protecting against inflation with meme coins.

So people should have fun with meme coins, and invest in them what they can afford to lose. Everything above that is too risky...

It will be too risky to consider meme coin as a store a value against inflation because it is not reliable. Meme coin shouldn't be taking so serious as an investment because of the risk and such coins can't be predicted. If getting meme coin as an asset it should be with money that one can easily afford to lose. This is the mistake some people fall into thinking that every coin is like bitcoin that can be trusted to invest money in.

Normally when investing meme coin we don't have so much expectations of gaining profit , we just invest and having it in the back of the mind that anything can happen.

Samlucky O

sr. member

Activity: 504

Merit: 378

The great city of God 🔥

Quote from: Fullbear2222 on August 19, 2024, 02:27:41 AM

The good meme coin with decent volume of traders the good team strong Community and good coinnomics stats.
Could be like wealth storage there will be buyers always and sellers it's acting like fiat currency wich used for commodities trading like oil gas.
The decent meme project with good stats until Under 1mil+ Marketcap can act like wealth storage against inflation.
If this meme coin space improve more then it could be best way to store your wealth.
There should be system what's keep buying all the panic sellers orders so Because of panic sellers other holders don't suffering.

Your explanation sounds so vague, childish and misleading. it is not passing a reasonable message across to the reader. Are you in any way insinuating that buying meme coin Is the hope to make a reasonable amount in the lung run? If that is what you mean, I will tell you that bitcoin should be considered instead. You may invest and HODl a meme coin that may never climb to your expectation. Wealth can not be stored in memecoin, except you have decided to gambe g with your fund.

hyudien

hero member

Activity: 2198

Merit: 607

Leading Crypto Sports Betting & Casino Platform

I don't know where your mind came from, because you have mixed up the principle of storing value especially meme coins, don't put all your holdings in it. Quite a scary perspective if a beginner follows your direction. Don't you have any other choice besides meme coins? Isn't there still bitcoin that has been proven to be able to give you long-term profits if you want to make it a store of value according to the portion you want. Shouldn't we as investors be observant in evaluating every ratio between risk and reward? Sad

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Fullbear2222 on August 19, 2024, 02:27:41 AM

The good meme coin with decent volume of traders the good team strong Community and good coinnomics stats.
---

I want to finish the whole wall of text that you've made, but just this line alone is enough for me to say that "you're spitting some stupid nonsense things yet again like what you always do."

Well, not always, but what you're saying here is purely bullsh*t. Meme coins to fight inflation? What a funny way to say it. Bitcoin alone can be a tool to fight against inflation. Stocks with high dividend yield could be another way to fight inflation. Even some staking altcoins can be a tool as well although I don't recommend anybody to do it unless you're willing to risk everything but the point is that, meme coins as a hedge against inflation is just nonsense. Meme coins as a wealth storage? You might be sleeping OP. Try to wake up or if you didn't get some sleep then you might as well have some because you're hallucinating already.

To all newbies out there, don't follow what this stupid is saying. He's misleading you all with what he's saying. There are other ways to fight inflation, and investing into meme coins isn't one of them.

Kelward

sr. member

Activity: 588

Merit: 338

Quote from: DeathAngel on August 20, 2024, 02:44:27 AM

Meme coins are probably one of the worst options to use as a store of wealth. They have wild price swings, they are extremely volatile. Many of them are rug pulls & you could lose all of your capital. If you wajt a store of value with a great track record then Bitcoin is your best option.

If you want to gamble your funds in cryptocurrency then memecoins are the answer, they're very risky and most of them are scams. They're not stores of value so you can't say that they are hedge against inflation, that is a very misleading statement by the OP. I hope that newbies will not take what the OP said serious otherwise they'll have tales of regrets after losing their hard earned money in memecoins. The only cryptocurrency that has proven to be a store of value, far above the rest of the top altcoins is Bitcoin. It's the only crypto that I can hold and not panic if it starts to dip because it has built a strong reputation in the cryptocurrency market.

MarbCoin

newbie

Activity: 39

Merit: 0

Quote

There should be system what's keep buying all the panic sellers orders so Because of panic sellers other holders don't suffering.

Love this idea! Imagine a system that swoops in and buys everything from panic sellers - not just in crypto, but in all markets. We could have it for real estate, cars, stocks, etc! No more market crashes, no more stress.

There's just one little problem... who's going to pay for all the panic buying?

iv4n

legendary

Activity: 3346

Merit: 1191

As others have already written, meme coins have strong communities, and it can be fun to use them (for trading, gambling, or something else). Some meme coins have brought many people nice profits... and they will probably be the same in the future. But they carry a lot of risks, and I doubt anyone serious will think about storing wealth and protecting against inflation with meme coins.

So people should have fun with meme coins, and invest in them what they can afford to lose. Everything above that is too risky...

Topic: New way to fight against inflation the wealth storage (Read 477 times)