Number of new memecoin traders hits record high

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: beerlover on April 09, 2024, 11:18:24 AM

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

Hyped people number reaches a new record high you mean? I mean lets be honest, these tokens are not there for investing, they are there because people think that you could make some decent return from it and nothing more. I have realized long time ago that we are not going to end up with anything that could be a little different.

I am very well aware that it is not going to be easy, it is just not going to be all that complicated if we let it be, so we should probably consider the problem of memecoins to be regards to people themselves and let them do whatever they want. I have seen THOUSANDS of people begging Elon to tweet about doge because they lost all their life savings, if you are fine with that, go ahead and invest.

Doge coin was considered as one of the coin for long term even after the founder moved away from the project and before the Elon Musk interfered with memecoins but from that moment the real craze started, which took the memecoins to its next phase and resulted in the emergence of hundreds of new memecoins. Anyone who invest on memecoins should know that they can lose their capital completely or make a fortune for their life.

Mate2237

hero member

Activity: 700

Merit: 577

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: electronicash on April 09, 2024, 01:50:34 PM

holding for a long term seem not the right thing but i understood some are doing it. the dogecoinmillionaire still holds his doge since elon hyped it. his money shoot to more than $3M the time when elon was on SNL and from there his doge value shrink below $1M.

regular people buying a lot of memecoin and holding them for longterm looks like the memecoin are going to scam a lot of regular people who wants to be a millionaire thru memecoins.

I might agree with you because for the time being when I have been invested to some of the altcoins I don't think long-term hodling is really good with altcoins because the movement is too slow but in other way round since the movement for altcoins are very slow then long-term hodling is also good for them who are holding for long-term because short term can't produce any tangible amount for them so instead it is better for them to invest in long term so that small things as profit can come it.

irhact

hero member

Activity: 616

Merit: 749

Quote from: JeffBrad12 on April 08, 2024, 11:53:36 PM

one of the main reason are those success stories shared through social media platform like twitter where people flip $100 into millions, even though its rare enough that the chance of us being that person is low people still trying to invest in it anyway thinking its okay to lose a hundred dollar for the sake of life turning opportunities.

I think sometimes this stories are wrong or the wallet that turned a small investment into those high profits are wallet of closed relative to the memecoins founders or part of the teams. The stories are everywhere and now many individuals want to also make that big profit therefore they're investing in memecoins but also losing money. Memecoins has made more investors to lose then those that are winning, still individuals will be investing in memecoin as bull market comes.

But there are also those that are very lucky and they made big profits from investing in memecoins therefore not all the stories are fake or made up but alot of the stories are as they're posted on social media and there's no way to verify the identity of the individuals that claim to be making the big profits. Memecoin are also very easy to relate to that's why many individuals are picking interests to invest in them.

electronicash

legendary

Activity: 3178

Merit: 1054

holding for a long term seem not the right thing but i understood some are doing it. the dogecoinmillionaire still holds his doge since elon hyped it. his money shoot to more than $3M the time when elon was on SNL and from there his doge value shrink below $1M.

regular people buying a lot of memecoin and holding them for longterm looks like the memecoin are going to scam a lot of regular people who wants to be a millionaire thru memecoins.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

Hyped people number reaches a new record high you mean? I mean lets be honest, these tokens are not there for investing, they are there because people think that you could make some decent return from it and nothing more. I have realized long time ago that we are not going to end up with anything that could be a little different.

I am very well aware that it is not going to be easy, it is just not going to be all that complicated if we let it be, so we should probably consider the problem of memecoins to be regards to people themselves and let them do whatever they want. I have seen THOUSANDS of people begging Elon to tweet about doge because they lost all their life savings, if you are fine with that, go ahead and invest.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Mate2237 on April 08, 2024, 02:29:16 PM

Sometimes I even say it is the bitcoin network congestion that caused the the rapid increase in these memecoins in the ecosystem, from January to March 2024 was a evolution of memecoins and airdrops. There was no too increase in them last year though few came out but most of them that I saw last year were already created before last year but we're not active or others. And because of the congestion of bitcoin network and the high fee, people started to ave invest to invest in other altcoins and when Ethereum and Solana have their network congestion issues then the new birth of memecoins arise.

Congestion on the bitcoin network contributed to the emergence of meme coin crazy but for now, it's hyped all around social media and lurking new investors with attractive stories as 100 to 100K which is enough to convince the retail investors to throw some money and almost like a gamble. As mentioned above listing those projects in the top centralized exchange is the real game changer which shoot its price over unexpected level.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

one of the main reason are those success stories shared through social media platform like twitter where people flip $100 into millions, even though its rare enough that the chance of us being that person is low people still trying to invest in it anyway thinking its okay to lose a hundred dollar for the sake of life turning opportunities.
personally I see these meme coin trend to be lively again, right now even in base they are starting to make so many meme coin in the market and they usually have quite high trading volume.
its definitely a place where people that tries to speculate hard trying to be millionaire overnight where so I can understand why it hits record high.
not to mention the fact that big exchanges like binance, bybit and so on are listing in like basically whatever meme coin thats trending that can have high trading volume comes up they are the one that tries to list it first so to gather new user as much as they can as well as benefitting from the fee.

albon

legendary

Activity: 1890

Merit: 1537

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

Of course, meme coins are not considered safe investments, as they are among the risky investments. These meme coins cannot be trusted in their capabilities and survival in the long term or in their prices continuing to rise. These people obsessed with these tokens use them to speculate and achieve huge profits in the short term. I have seen many similar stories of people who could transform a small capital into a large one in less than a month. With the emergence of these stories, new investors are rushing to demand the purchase of these tokens, which leads to an increase in the number of its community of interested people and its acquisition of hype. There are many meme coins whose names emerged this year, and their teams succeeded in listing them on the CEX platforms and fulfilled their promises. Still, most of the new meme coins are honeypot currencies, and they have a very high sell tax; even if no one can research and audit the contract, he might end up with a scam coin.

Indeed, the craze these days is very high, as meme currencies have captured investors' minds now, and you may find more frenzy around dog meme coins as the Dogeday event approaches.

Mate2237

hero member

Activity: 700

Merit: 577

Hire Bitcointalk Camp. Manager @ r7promotions.com

Sometimes I even say it is the bitcoin network congestion that caused the the rapid increase in these memecoins in the ecosystem, from January to March 2024 was a evolution of memecoins and airdrops. There was no too increase in them last year though few came out but most of them that I saw last year were already created before last year but we're not active or others. And because of the congestion of bitcoin network and the high fee, people started to ave invest to invest in other altcoins and when Ethereum and Solana have their network congestion issues then the new birth of memecoins arise.

And as it is people are investing in memecoins very well and they are not even concern of the risk again. The new investors are even saying that the memecoins give them quick profit than the major coins.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Old investors and traders mostly stay away from meme coins but new investors are easily attracted by them because they are usually greedy and the purpose behind them joining the market is to earn a lot of money, so they invest in any cryptocurrency they hear about which has a chance to provide them huge returns and meme coins are famous for making that happen which is why every new meme coins is attracting so many investors.

I don't understand how people gamble with their hard-earned money knowing that they can also lose their money if the token or coin they are buying doesn't perform up to their expectations or doesn't perform at all and they have all their money wasted, but they still keep investing.

moneystery

full member

Activity: 868

Merit: 202

at this point we see that many people who want to get involved in cryptocurrency are gambling and want to get rich in a short time with the meme tokens they bought. this is quite funny, seeing that the meme token does not provide any benefits and its use is very limited. it is also very tied to speculation and people who play it are just gambling their money. but even though they understand this fact, these people still buy meme tokens and hope that the tokens they hold will become dragons and make them rich overnight.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: R1dwanRz on April 05, 2024, 10:00:02 AM

Memecoin is like gambling. Just think as if it were poker, cards. I don't really invest much to it but recently they've been blowing up on Solana chain. I am curious to see where they go in future. People should do their own research and invest that they can afford to lose. But there's a saying, take some risk if you have to gain stuff.. (Not an advice lmao)

Meme coins are not trusted coins but many people have taken profit through meme investment so I think currently the risk is not higher therefore don't think about the risk now and choose one or two most successful meme coins and when you get profit then sell it without holding it longer.

If you search more and more about meme coins your will feel disappointed as its future is unseen and its surge does not remains forever like that of bitcoin, Ethereum and BNB. So if you want to invest in meme coins then choose little sum of money and don't hold longer because its success guarantee is zero.

TheVeteranAngel

jr. member

Activity: 90

Merit: 1

Quote from: Asiska02 on April 04, 2024, 11:28:42 AM

With the recent and dramatic increase in users holding meme coins, it is already passing a big message on how cryptopreneurs are ready to sacrifice some bucks in this coins and hope to get a big cash out from them in the short possible time. We have witnessed and seen how meme coins have been performing in the market with few only making it to the next bitcoin cycle. They are mostly pump and dump projects that can make you rich overnight or make you poor overnight. The interest of people in it shows how a lot of people are ready to risk their monies to get big gains in the end. I wouldn't say it is not worth trying but it is only possible if you have the zeal to do it. Nothing comes easy and most life changing opportunities always come with you taking a lot of risks in it. I still believe there are a lot of meme coins that will change a lot of people's life this bull run but while looking to invest in one and the one you are convinced about, make sure you invest what you can afford to lose.

I think some memecoin like DOGE, FLOKI, SHIB and PEPE that has good mcap are a little secure to invest in but the will certainly not bring the kind of profits new and emerging projects will bring. I have observed that once BTC start moving, this four memecoins also followed the trend. The recent memecoin project evolving from Solana ecosystem is been crazy but just like you rightly said, one should invest what they can afford to lose but unfortunately, most people are always optimistic that this new memecoin will make them rich. Sadly the victims of the dump is those that wait to buy from CEX. Most people already made money and take profit before some of this project make it to CEX.

Sigmapepe

newbie

Activity: 1

Merit: 0

A tip on a token that has a potential upside to deliver after presale

https://twitter.com/altruismpepebsc

R1dwanRz

jr. member

Activity: 167

Merit: 1

Memecoin is like gambling. Just think as if it were poker, cards. I don't really invest much to it but recently they've been blowing up on Solana chain. I am curious to see where they go in future. People should do their own research and invest that they can afford to lose. But there's a saying, take some risk if you have to gain stuff.. (Not an advice lmao)

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

Meme Coin has no trust. Its market is pumping and dumping. It reads as an uncertain coin. But I wouldn't say it's not worth investing at all. Because many people are getting a lot of profit by investing in meme coin. But that depends on luck I think. Because most of the meme coin investors have been victims of scams. But there are many who have benefited a lot by investing in meme coin. I think it is better to know and then invest before being attracted by meme coin ads.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Number of new memecoin traders hits record high

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

I see this for what it is, the majority of those which are investing in meme coins do not really know what they are doing, this is similar to what it has happened on every single bubble on the past, in which some people see others making a lot of money and they want to get the same results.

But since they do not know anything about investing, they do not understand that those profits come from people like them that invest at the peak of the movement and lose it all when the coin in which they invested takes a nosedive.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

Now that the Ordinals and BRC-20 hype has quieted down, people are moving on to memecoins. Like many of these past trends I expect meme tokens to be a temporary fad. The coins that were launched in the previous bull cycle have mostly disappeared or drastically fallen in price.

The media will give a lot of attention to the few cases where traders earned millions from really small investments, but we don’t always get many details into the circumstances that led to that profit. It’s possible many of these situations could just be organized pump and dump scams where the price was artificially inflated to draw investors before whales with insider information dumped on them.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: electronicash on April 04, 2024, 11:41:01 AM

they see the success of Doge and Shib still is on top of its game even in the bear market and this i guess made them think it's a good investment if it goes up again. but for long term i think this is for the gullible mind to think holding it for long term is a good strategy.

Well! if you have some money to spare on these altcoins, it's best to also join those guys. Still, you just need to be careful and know when to sell it at the right time because this is not like your regular altcoins where they develop and introduce new updates and use for their coins while knowing that you can ensure that you can hold those coins for long unlike this one, most of those meme coins after their hype, they have nothing to offer. Their investors will start to disappear one after another and if you are left behind, you will take the blow and you won't get your capital back.

Text

hero member

Activity: 2464

Merit: 594

Let's remember that for every success story, there are likely many more cases of loss. Those who invest in meme coins should approach with a clear understanding and recognition of the risks involved. For me, it's a gamble, with enticing stories of life-changing gains. But there's some truth to the greater fool theory with meme coins; someone might get lucky early on, but it's not sustainable for everyone to win. I'd be more comfortable with a memecoin that has some kind of utility or an established development team, rather than just riding the hype or FOMO and being used for short-term profit or a get-rich-quick scheme.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

I don't also consider it as long term but I guess that the trend changes and this is the new trend today. Because of many hype in the meme coins, investors, new and not have been looking at them and that's why they're holding bunch of memecoins that might give them some fortune.
This is the new gamble today but a gamble that they have an upperhand and many lives have been changing but even with that, I'd hold on to holding bitcoin and I've got more hopes there than memes.

Best-mary

jr. member

Activity: 280

Merit: 8

BTC Lover|Crypto Educator| We Grow by Learning!

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Memecoins have kick-started a new crypto frenzy, attracting investors new to trading and searching for the next big token that could bring massive gains.

Market intelligence platform IntoTheBlock shows that the number of wallet addresses wallet address holding meme-related tokens for under 30 days hit a record high in March.

Memecoins displayed 1,312.6% returns on average, the highest among the top tokens by market capitalization. Projects like Book of Meme (BOME) and Dogwifhat (WIF) drove the percentages up amid the memecoin frenzy.

Stories highlighting life-changing gains may have also played a role in attracting traders into the sector.

A trader turned $62 into $2 million in December after buying a Solana memecoin. The crypto user caught wind of a memecoin called Silly Dragon (SILLY), which poked fun at Solana co-founder Anatoly Yakovenko’s Halloween costume.

More recently, another trader turned $13,000 into $2 million within one hour after buying a meme-based token.

Number of new memecoin traders hits record high

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

I have talked about BOME in this platform, how I bought it and the profit I made from it. As of last month, it rained Memecoins and I just kept accumulating them mostly from Bitget as they actually kinda list them early. It was interesting but I never fail to take profit as we all know how memecoins behave. Will be trying another one, KOKO this month and see how it goes

Alone055

sr. member

Activity: 1204

Merit: 290

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

so I wanted to ask how to you see this craze for memecoins in the recent days.

To be honest, I'm not surprised by this considering the craze for meme coins among new investors after they have heard the stories about people who managed to earn millions of dollars with investments as low as $50 or maybe $100 which is an amount that most of the new investors can afford to lose, so they keep trying their luck with each newly launched meme coin thinking one of them might change their life for good.

It's just like a gamble, but most investors are completely okay with it because they want to be among those who managed to become millionaires through some of these meme coins. The craze is unstoppable among newbies, and you can see it all around social media. Grin

You will find hundreds of thousands of people sending certain meme coins to the moon, lol.

goaldigger

sr. member

Activity: 2422

Merit: 357

It attracts many new comers and encourage the old ones to become more active, and this is the effect of the hype and as expected as many are into quick profit scheme. If you are going to deal with the meme tokens, you have to make sure you are ready for the risk and know the possibility of losing your money, know that the hype for meme tokens can’t last longer so try to enter as early as possible.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

~

I mean you saw it already, it wasn't for the long term. Meme coin investors managed to profit only after a couple of hours and honestly? That's probably the longest you should hold most of them since they'd probably crash down to oblivion afterward. And some of these success stories are just one of the god knows how many thousands of traders out there that fail. Not to mention the thousands of meme coins to choose/find. It's kind of a lottery ticket really with a time limit at some point.

Can't even fathom buying a meme coin for $13k really. Unless if you're an insider ofc, worthwhile investment right there.

R100K-Martin-Lunger

jr. member

Activity: 142

Merit: 1

It does seem as if memecoins are having one hell of a run and it has been enjoyable to see. But the risk remains. They are still pretty much hype-based and the hype might die down eventually so I wouldn't recommend putting all your money in memecoins which new investors might be prompted to do given these cases. However, research is paramount and so is diversification and rebalancing. It has helped me enjoy maximum profits which stand at 162% as I am typing this message.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

I can't really imagine that thing happening now but that seems to be expected because many people are into the look of gems and we know that meme coins hyped gain huge market attention making newcomers interested in it not knowing the high risks await them. Well, we can't deny that many people earned a lot of money from these meme coins and this will influence the minds of others and join the party. It could be a mistake or not but it doesn't matter for others because what they are after now is to earn by any means and even they are investing shitcoins.
If they can afford to lose their money, then I don't think we need to stop them. Perhaps, that is their choice and all of us are welcome to do that.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

Really depends on the investors, but I will be with you saying that we never consider memecoins. It's a bigger reward but the risk is also higher, and some of us are that conservative as far as our money goes and would rather invested on some solid coins.

Ans for the new record high, I'm not surprised, we are about to hit the bull run and so the market is going crazy about this whole memecoins again. And you have to look at it both sides, if there is someone making millions with it, for sure there are investors as well who are losing millions.

loco_loco00

newbie

Activity: 56

Merit: 0

I am meme coin trader too and maximalist.

If You are looking for some new one -> check this $SURFER <- -> https://surfer.lol -> I hope You will like it.
https://bitcointalksearch.org/topic/ann-surfer-promised-giant-of-bsc-network-5491621

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Sometimes I just laughed when I see people trying to say different negative things about mene projects.
It is true that there are so many bag eggs but that does not mean that we are going to sum all of them as a bad choice. We can make massive profits from holding meme tokens and now we can see that there are so manyemw projects in the market right now because the rewards are very impressive compared to the regular projects in the market.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

The person who went from $13,000 to $2 million was either lucky or an insider who knew that the meme would pump hard.

So indeed memecoin when it is in the initial bullish phase will be sustainable hype this will also continue to be fomo by some influencers to continue to increase the volume of transactions on meme, no wonder many people will be exposed to fomo because they think trading on memecoin can be profitable in a fast way, but if we don't know how to let alone not buy at the beginning it will still lose.

Trading with meme coins must be prepared with the risk of all losses when the meme has no value, but there are still many people trying to enter even though they have lost a lot of money.

Sophokles

hero member

Activity: 1232

Merit: 516

The money is flowing into the meme project and all the projects are flying like crazy, one after another. This is the hot cake in the town, and everybody wants to bite into it, even if it burns their faces. This craze will slow down but will not fade away as i saw many top crypto influencers keeping a portion of their portfolio in the meme coin. So we must admit that meme coin will evolve in this cycle as the old model won't be enough to keep the hype. So investor will be more attracted to any new form of meme project that has some addition which is anything more than just meme.

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

I have seen some meme coins explode and die quickly, like “pump and bust” games. Although they can make you a millionaire overnight, they can also leave you broke in an instant. This shows that many people are willing to risk money in exchange for huge profits. I do not completely deny that investing in meme coins is a bad idea, but it is only for veterans when they have too much experience in this market. Nothing comes easy, and life-changing opportunities often come with high risks. There are certainly some meme coins that will increase in value during the bull run, but remember that you should not invest anything that you are not prepared to lose and it is better to do your due diligence before deciding.

Yudhisthir

full member

Activity: 1060

Merit: 103

www.Artemis.co

Quote from: BitMaxz on April 04, 2024, 11:54:26 AM

We don't expect that these meme tokens are in demand pretty bad I don't invest on these meme tokens but I trade on dogecoin.
Look at Pepe it suddenly surged first month of March and now it is one of the top 3 memes on the market. I'm sure if there's an airdrop on Pepe they already made a huge profit today according to Coingecko it hit 12809.1% price surge this year.

It's risky to trade with Meme unless you know how to play on the market if you can monitor it 24/7 around march you should make some profit in swings. I heard some people who make huge money from the WIF airdrop.

I too distrusted meme coins and avoided but all I got was the desperation for missing out on such lucrative profit. There are no coins as comparable to memecoins that are giving good returns in short time. Now I'm full on on memecoins specially on Solana chain. I currently own a good amount of BOME, which is outperforming every coin since I bought it and I'm also invested in MEW meme token on Solana, it hasn't yielded me a profit yet but would be a good boost when it gets listed at the top tier exchanges.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: dimonstration on April 04, 2024, 11:34:40 AM

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

so I wanted to ask how to you see this craze for memecoins in the recent days.

Pathetic and at the same time sad that people keep feeding this scam team behind this garbage project. This is the reason why meme coin is already saturated because there’s still a lot of dumb investors that still chasing for that huge profit from this scam coin.

Memecoin is like investing on ponzi. You will benefit if you purchase early becomes other people money keeps increasing your holdings just like ponzi fixed income whenever new members joined.

Meme coin will be devastated once the market corrects again.

I disagree with you completely, not every memecoin is a scam project and it's proven that people can invest just only for profits not for usecase from that perspective memecoin is good choice but the risk associated with it high but atleast there is good chance that we can make decent money if we invest in a legitimate project but the only question is whether it's last long or just one time hype.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

We don't expect that these meme tokens are in demand pretty bad I don't invest on these meme tokens but I trade on dogecoin.
Look at Pepe it suddenly surged first month of March and now it is one of the top 3 memes on the market. I'm sure if there's an airdrop on Pepe they already made a huge profit today according to Coingecko it hit 12809.1% price surge this year.

It's risky to trade with Meme unless you know how to play on the market if you can monitor it 24/7 around march you should make some profit in swings. I heard some people who make huge money from the WIF airdrop.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: electronicash on April 04, 2024, 11:41:01 AM

they see the success of Doge and Shib still is on top of its game even in the bear market and this i guess made them think it's a good investment if it goes up again. but for long term i think this is for the gullible mind to think holding it for long term is a good strategy.

it is still fun to see your money grow by holding memecoins for now. i have bought some new ones just recently, it's quite doubling already and because i'm still early i guess selling for is not yet worth it.

we won't really know how memecoins managed to survive so long in the market. the most important thing is that they have a community that enables trade to continue to improve.
Doge has been building the market for quite some time. It is not easy for those who have an unlimited number of coins to gain the trust of the community to grow and surprise many people.
More people will indeed be afraid to hold memecoin long term. that's because the risk is too big. but not all memecoins will rise and then fall worthless.

electronicash

legendary

Activity: 3178

Merit: 1054

they see the success of Doge and Shib still is on top of its game even in the bear market and this i guess made them think it's a good investment if it goes up again. but for long term i think this is for the gullible mind to think holding it for long term is a good strategy.

it is still fun to see your money grow by holding memecoins for now. i have bought some new ones just recently, it's quite doubling already and because i'm still early i guess selling for is not yet worth it.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: jrrsparkles on April 04, 2024, 11:18:09 AM

so I wanted to ask how to you see this craze for memecoins in the recent days.

Pathetic and at the same time sad that people keep feeding this scam team behind this garbage project. This is the reason why meme coin is already saturated because there’s still a lot of dumb investors that still chasing for that huge profit from this scam coin.

Memecoin is like investing on ponzi. You will benefit if you purchase early becomes other people money keeps increasing your holdings just like ponzi fixed income whenever new members joined.

Meme coin will be devastated once the market corrects again.

Asiska02

hero member

Activity: 994

Merit: 701

With the recent and dramatic increase in users holding meme coins, it is already passing a big message on how cryptopreneurs are ready to sacrifice some bucks in this coins and hope to get a big cash out from them in the short possible time. We have witnessed and seen how meme coins have been performing in the market with few only making it to the next bitcoin cycle. They are mostly pump and dump projects that can make you rich overnight or make you poor overnight. The interest of people in it shows how a lot of people are ready to risk their monies to get big gains in the end. I wouldn't say it is not worth trying but it is only possible if you have the zeal to do it. Nothing comes easy and most life changing opportunities always come with you taking a lot of risks in it. I still believe there are a lot of meme coins that will change a lot of people's life this bull run but while looking to invest in one and the one you are convinced about, make sure you invest what you can afford to lose.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Memecoins have kick-started a new crypto frenzy, attracting investors new to trading and searching for the next big token that could bring massive gains.

Market intelligence platform IntoTheBlock shows that the number of wallet addresses wallet address holding meme-related tokens for under 30 days hit a record high in March.

Memecoins displayed 1,312.6% returns on average, the highest among the top tokens by market capitalization. Projects like Book of Meme (BOME) and Dogwifhat (WIF) drove the percentages up amid the memecoin frenzy.

Stories highlighting life-changing gains may have also played a role in attracting traders into the sector.

A trader turned $62 into $2 million in December after buying a Solana memecoin. The crypto user caught wind of a memecoin called Silly Dragon (SILLY), which poked fun at Solana co-founder Anatoly Yakovenko’s Halloween costume.

More recently, another trader turned $13,000 into $2 million within one hour after buying a meme-based token.

Number of new memecoin traders hits record high

Personally, I never considered memecoin for long term investment but nowadays, people are going after every memecoin with the hope of changing their life like we see some stories online but in reality only few can make such profits while others are going to lose just like every investment, so I wanted to ask how to you see this craze for memecoins in the recent days.

Topic: Number of new memecoin traders hits record high (Read 367 times)