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: 389

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

Little_Mouse Campaign Management | OrangeFren.com

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...

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

Meme coins may have strong communities and decent trading volume, but they are highly speculative and volatile. Different from the fiat settlements of commodities such as oil, meme coins rely deeply on social media trends and market sentiments, which makes them really very unpredictable. Though some projects try to build long-term value, most meme coins fall under the aftereffects of pump-and-dump schemes that make them unsuitable for storing wealth.

Without huge liquid supplies, the very notion of meme coins acting as inflation hedge or developing a mechanism to buy panic sellers' orders is a bit unrealistic. Prices will suffer an onslaught of market forces at any moment, and there is nothing strange in panic selling, which is usual when dealing with volatile assets. Although it's possible to have short-term gains on this, always be careful and do not regard meme coins as stable, long-term investment opportunities.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: Mame89 on August 24, 2024, 09:46:39 AM

Wanting to fight inflation with meme coins is not a good strategy. Because meme coins have very high risks, meme coins do not have strong fundamentals for the future, this is just a coin for fun. So be wise in making decisions. I am also a crypto holder but the biggest weight is in btc, and eth if you really want to fight inflation. On the other hand, prioritize coins with strong fundamentals, at least top altcoins.

If you want to trade meme coins, that's not wrong either, make sure you use cold money and the entry and exit times must be right. If you don't have the skills, it's better to avoid meme coins. Because the right way to get rich is to work hard to increase income and invest in healthy growth assets and fomo is a source of loss.

In recent time, we have too many shit ideas from the peoples those are trying to hype about meme coins because they are having paid for this just because of these ideas we have too many newbies are involved in them and losing their money instead of fighting against inflation they are creating more problems and peoples are having discomfort just because of this as well usually peoples those are having no skills and try to have quick profit enter in this system then after losing money having different vies and crying.

Best thing is just tried to avoid things which are never been ideal and have huge risk factor because this is the best option even we need to understand bitcoin related fundamental because in long run it's going to be work better for peoples, and they can feel much better with the use of bitcoin instead of meme coins.

legendbtc

hero member

Activity: 1302

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: mindrust on August 24, 2024, 11:41:54 AM

Quote from: legendbtc on August 24, 2024, 10:32:33 AM

....

So far, given bitcoin's volatility, it is not a store of value or inflation hedge, but is more suited as an investment. But this may change in the future as bitcoin becomes bigger and more secure.

True. Bitcoin's real journey is only starting. Gold has been around since the beginning. Long before Jesus gold was around and people were using it as money. At the moment its market cap is a bit more than 10 times of bitcoin's marketcap if I am not wrong. (I don't have the recent data on this)

We still don't know how bitcoin will react to certain big events which you mentioned so I wouldn't rely on bitcoin or any other crypto too much. Have some but don't go too crazy.

Gold's capitalization has increased significantly in recent months, even surpassing $17 trillion while bitcoin is just over $1 trillion. There is a huge gap between gold and bitcoin, which can be seen as a disadvantage but also an advantage because it shows that bitcoin's growth potential is still huge but there will be risks.

Bitcoin is not yet a hedge against inflation, a store of value or a safe haven, people are just hyping it up unnecessarily. It cannot even play any role in the economic development of a country as recent topics have been discussed. It's too early to say anything about bitcoin.

https://companiesmarketcap.com/assets-by-market-cap/

Mr.sprin

full member

Activity: 1554

Merit: 129

Buzz App - Spin wheel, farm rewards

Quote from: mindrust on August 24, 2024, 11:41:54 AM

True. Bitcoin's real journey is only starting. Gold has been around since the beginning. Long before Jesus gold was around and people were using it as money. At the moment its market cap is a bit more than 10 times of bitcoin's marketcap if I am not wrong. (I don't have the recent data on this)

We still don't know how bitcoin will react to certain big events which you mentioned so I wouldn't rely on bitcoin or any other crypto too much. Have some but don't go too crazy.

Yes, that's right, bro, we shouldn't depend 100% on bitcoin, because so far the price of bitcoin continues to soar, but it doesn't guarantee that bitcoin will continue to grow rapidly like it is now. Having shares in bitcoin is also important for us, and other shares must also we have, such as a plot of land, jewelry in the form of gold, and other property, where we have savings not in one place, we have to divide them in various places so that we can guarantee our assets in the future, for now having assets in bitcoin is very profitable for us where the price is still stable at the highest level, so not all of our assets have to be saved in Bitcoin, we can still invest in various other places to ensure the stability of our assets and savings.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: legendbtc on August 24, 2024, 10:32:33 AM

Quote from: mindrust on August 24, 2024, 10:18:07 AM

Bitcoin did great during the last few years too but bitcoin started from zero and it has been only 15 years or something since its release. Meaning, we don’t have enough data.

Initially, I also supported the idea of using bitcoin as a long-term inflation hedge because I also relied on its growth over the past 15 years. But then I realized it was too early to do that because bitcoin hasn't even gone through the great recession, great depression or even war like gold. Not to mention during the economic crisis in 2022, bitcoin was dumped by more than 70% while gold has been continuously reaching ATH since then until now. So I also think we don't have enough data to say that bitcoin is suitable as an inflation hedge, let alone altcoins.

So far, given bitcoin's volatility, it is not a store of value or inflation hedge, but is more suited as an investment. But this may change in the future as bitcoin becomes bigger and more secure.

True. Bitcoin's real journey is only starting. Gold has been around since the beginning. Long before Jesus gold was around and people were using it as money. At the moment its market cap is a bit more than 10 times of bitcoin's marketcap if I am not wrong. (I don't have the recent data on this)

We still don't know how bitcoin will react to certain big events which you mentioned so I wouldn't rely on bitcoin or any other crypto too much. Have some but don't go too crazy.

legendbtc

hero member

Activity: 1302

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: mindrust on August 24, 2024, 10:18:07 AM

Bitcoin did great during the last few years too but bitcoin started from zero and it has been only 15 years or something since its release. Meaning, we don’t have enough data.

Initially, I also supported the idea of using bitcoin as a long-term inflation hedge because I also relied on its growth over the past 15 years. But then I realized it was too early to do that because bitcoin hasn't even gone through the great recession, great depression or even war like gold. Not to mention during the economic crisis in 2022, bitcoin was dumped by more than 70% while gold has been continuously reaching ATH since then until now. So I also think we don't have enough data to say that bitcoin is suitable as an inflation hedge, let alone altcoins.

So far, given bitcoin's volatility, it is not a store of value or inflation hedge, but is more suited as an investment. But this may change in the future as bitcoin becomes bigger and more secure.

mindrust

legendary

Activity: 3276

Merit: 2442

Historically the best way to fight inflation is either gold or dividend paying defensive stocks. (You can have both too of course)

Bitcoin did great during the last few years too but bitcoin started from zero and it has been only 15 years or something since its release. Meaning, we don’t have enough data.

You mentioned meme coins as an inflation hedge though and I find it pretty absurd if you really mean what you said. Memecoins are only for speculation. Doge is the best one among all and it still has no supply cap. I don’t see it becoming an inflation hedge. I would rather go with btc.

Mame89

hero member

Activity: 1736

Merit: 501

Wanting to fight inflation with meme coins is not a good strategy. Because meme coins have very high risks, meme coins do not have strong fundamentals for the future, this is just a coin for fun. So be wise in making decisions. I am also a crypto holder but the biggest weight is in btc, and eth if you really want to fight inflation. On the other hand, prioritize coins with strong fundamentals, at least top altcoins.

If you want to trade meme coins, that's not wrong either, make sure you use cold money and the entry and exit times must be right. If you don't have the skills, it's better to avoid meme coins. Because the right way to get rich is to work hard to increase income and invest in healthy growth assets and fomo is a source of loss.

red4slash

hero member

Activity: 1512

Merit: 509

Fighting Inflation with memecoins? Cheesy

You don't realize that at the end of the day why this is said to be a memecoin is that it's just a joke coin so by you saying that memecoins will fight inflation obviously makes it seem even more ridiculous because you think that you will get rich and be able to fight inflation with a joke lol.

Come on, buddy I know we are in a difficult condition especially with the economy that is currently uncertain but in the end we don't have to be stupid and too hasty in deciding something especially if this relates to the money you have because in the end if you do this without careful thought you can be sure before inflation starts to get worse you have lost your money first.

mamesso

hero member

Activity: 2114

Merit: 740

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.
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.

I hope you are not leading Newbies who have the intention of starting to invest in Cryptocurrency into a deep abyss. You talk about how to fight inflation, then why choose a coin that is very easy to control by developers and also its community, Meme coins are not suitable for long-term investment because their fundamentals are still very weak and their prices are very easy to manipulate.
Forget about useless Meme coins, let's talk about Bitcoin as the only leading asset that can be relied on to fight inflation. Just try to invest in Bitcoin for the long term, see what you will experience, I am sure, you will soon forget about useless trash coins.

JeffBrad12

hero member

Activity: 2996

Merit: 536

Leading Crypto Sports Betting & Casino Platform

You're literally storing your wealth for the sake of fighting against inflation in the most shittiest coin ever just second to scam coin Grin

.

this is not a good idea at all and there are many flaws, instead of facing against inflation where it will crush 4%-5% of your wealth every year, you gonna face rugpull that will crush 100% of your investment in just matter of month.

to be fair speaking about some of the best meme coin out there like doge maybe it can be used for wealth storage, but even doge is -85% below its ATH in just 3 years, you know its gonna be bad.

Yatsan

legendary

Activity: 2576

Merit: 1252

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.
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.

While the idea of using a meme currency as a resource management system is interesting—with decent trading volumes, a stable team, and stable coinomics—it does pose serious difficulties. In themselves, these meme currencies are not particularly unattractive. To the contrary, they can be quite interesting because of the communities they serve and the markets in which they operate, but they are generally so speculative and rather volatile that they endanger long-term wealth management. Even when high-quality coins have market caps up to $1 million, the volatility and liquidity potential of meme coins undermine the former as a solid store of value. Meme currencies might show returns for a short period, but generally, they are unreliable in protecting the assets from inflation. Traditional assets like land, precious metals, or other investment types are generally more stable and better suited for long-term assets. Moreover, it would be quite challenging to build a panic buying strategy in order to protect other holders, and it might not avoid the risks of sudden market fluctuation. All in all, although the meme currency is helpful as a hypothesis, it is unlikely to be something people can rely on for wealth preservation or fighting inflation.

ndutndut

full member

Activity: 644

Merit: 202

Quote from: hyudien on August 19, 2024, 07:03:32 AM

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.

This is the most stupid advice I have ever heard. Instead of providing a solution, it will only make others poor. Newbies reading this thread, please be careful and do not swallow it raw, the OP's advice is considered misguided and misleading. Meme coins or shitcoins are garbage that you should not invest in the long term. Store them in Bitcoin if you want to be safe or if you are still not sure, try to learn more about crypto investment.

Absolutely right. Op shared a very wrong way, even though there are many meme coins that do not have good fundamentals for the long term, how can meme coins fight inflation to store wealth, on the contrary all your assets will lose value. I don't understand why he made a thread like this, whether he really doesn't know or is deliberately misleading beginners because he has bought a lot of meme coins so that it motivates others to follow him. Really misleading.

So far, bitcoin has the potential to fight inflation and store wealth. Bitcoin has been proven after going through more than a decade, Bitcoin has experienced and gone through various economic uncertainties, but its price continues to increase every four years. During that time, nothing has harmed or damaged its fundamentals. Every price drop comes from external factors (inflation, war, pandemic, fear, etc.) but the price of bitcoin will not go down. So bitcoin has been tested and proven to be able to fight inflation and world economic uncertainty.

reagansimms

hero member

Activity: 952

Merit: 541

Do you realize what you just said, the way you described is not for storing wealth against inflation, but a way to spend wealth on coins that have no strong fundamentals in the market. Stop this nonsense now, we never believe in any Meme coin, we will only invest in Bitcoin for the long term and use it as a store of wealth against inflation. You are like imagining something uncertain here, what if the meme coin you mean is lost in circulation. Stop leading opinions to unclear meme coins, if you want to save wealth to fight inflation, Bitcoin is the place, not others.

Uruhara

hero member

Activity: 630

Merit: 611

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.

Volatility that is too high can actually cause someone to experience a decline in value that exceeds inflation. memecoin is just for speculation only. and not a store of value at all. So it cannot be used as a tool to fight inflation. Gold may be a better store of value in this regard. And if you still want to choose to store assets in crypto then bitcoin is certainly a better choice. But including memecoin in the options I think is not an option at all. Because I will avoid it. Even when I enter memecoin then I would prefer to only enter with small money that is ready if I have to lose. Because it is very high risk.

terrific

hero member

Activity: 2338

Merit: 517

Catalog Websites

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.

I don't think it is a good idea to store your wealth in meme coins. While there is a trend now with meme coins and this has been happening for years.
It's not going to be the same as bitcoin when you treat it as a way to store our wealth. While no one can stop you if that's your trip.
But just saying that it's not a good idea because most of the meme coins are good for short term so, it doesn't makes sense if you think of storing your wealth through it in the long run.

Yaunfitda

hero member

Activity: 2870

Merit: 594

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.

I hope you do know that meme coins is just another pump and dump scheme right? And so how can you store your wealth on that kind of crypto? If there will be a good hedge, I would say it's going to be Bitcoin only. It has proven itself during the pandemic and many wealthy people might have put their money on it because they don't want to lose it's value or they wanted to preserved it and even increase it's value in the future. And that's what happens in 2020, and in 2021 we have a bull run and so they are very happy to do it. Rinse and repeat, we are at it again for this year and the next year.

jasonjm

hero member

Activity: 1288

Merit: 524

Buzz App - Spin wheel, farm rewards

Interesting thoughts on using memecoin as a hedge against inflation. It is a stupid idea. Even after much debate and analysis, BTC is not considered a hedge against inflation. Memecoins are there because of the hype and once the hype is over they will be wiped out of the market because there is no technology behind the majority of them and they are just cashing out the hype and playing with the people's sentiments. Memecoin investment is risky, and using it as a hedge is like multiplying that risk to infinity.

DeathAngel

legendary

Activity: 3332

Merit: 1617

#1 VIP Crypto Casino

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.

franky1

legendary

Activity: 4424

Merit: 4794

meme coins are literally shouting out that they have no value and are just a joke. also memes are only fashionable for as long as they are trendy, which isnt long, so they are not a 'store' of wealth nor value

avikz

legendary

Activity: 3080

Merit: 1500

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.

Lol! Memecoins are created by ponzi scammers in most cases and 99.99% of them are fraud. In good conscience, memecoins should not be touched unless you have decided to gamble with your money.

Also memecoins are extremely dengerous for holding. These coins are not meant to stay for long time. If you are unable to pull out at the right time, you are highly likely to loose money every single time.

hyudien

hero member

Activity: 2198

Merit: 607

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.
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.

This is the most stupid advice I have ever heard. Instead of providing a solution, it will only make others poor. Newbies reading this thread, please be careful and do not swallow it raw, the OP's advice is considered misguided and misleading. Meme coins or shitcoins are garbage that you should not invest in the long term. Store them in Bitcoin if you want to be safe or if you are still not sure, try to learn more about crypto investment.

Iranus

hero member

Activity: 1792

Merit: 534

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.
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.

Even bitcoin, an asset considered the best in the cryptocurrency market, cannot fulfill the role of inflation hedge. So the rest of the market is not worth discussing or considering for use as an inflation hedge. This is a bullshit idea.

Personally, I don't deny that memes have become a part of the cryptocurrency industry and there are also great memes to consider investing in like Doge. But in the end, they are only suitable for speculation, beyond that they will not be able to do anything better for us. If you are looking for an asset with utility, clear use cases, you will not find another asset more suitable than bitcoin.

Zlantann

legendary

Activity: 1064

Merit: 1101

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.

How would you be able to determine that these meme coins are dependable? How will you know that the project has a strong team and community because they can be faked? Many of these coins end up becoming worthless, so keeping them for a long time is a great risk. Most traders buy and dump these coins within a short period. If you want to consider a crypto that has a track record of being a store of value, Bitcoin should be at the top of the list.

Quote from: Charles-Tim on August 19, 2024, 03:12:48 AM

To be using the coins that are supposed to be used for gambling as hedge against inflation? That is what your post is all about. To post some misinformation.

People just come up with information without backing them with relevant facts. He should have given us an example of a meme coin that has proved to be a good hedge against inflation. That's why we should always conduct research before accepting any information.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

To be using the coins that are supposed to be used for gambling as hedge against inflation? That is what your post is all about. To post some misinformation.

The market is not yet a severe bear market but you can see how to meme coins has been falling. When the bear market comes, more people will realize that if they use meme coin for their hedge hedge against inflation, it would be a regret for them because the meme coin would have become a means for wealth losses.

Solosanz

hero member

Activity: 952

Merit: 662

It's not a new way, instead it's a stupid way.

When you're use an asset as a store of value, it means you're looking for long term. So far Bitcoin didn't make me disappointed, I already hold Bitcoin for 4 years. So, if you think there are safe meme coins out there, where's the proof you invest most of your money in meme coins and how long you have hold it?

Remember, I'm not responsible if you're in loss.

Fullbear2222

member

Activity: 479

Merit: 11

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.

Topic: New way to fight against inflation the wealth storage (Read 480 times)