Topic: This is heartbreaking - page 6. (Read 1114 times)

thats quite a zoo you got there  

I think that this right here is one of the main reasons crypto isn't considered serious by many people, it's just some "dog coins" for many.

Damn I can understand when bitcoin is falling and those coins are growing but what I see here is just a mockery

this is what i saw too in the trending coin section of coinmarketcap .  all are meme coins and not only that but everytime i open my twitter account new dog coins is what im going to see , this is pretty annoying . thank you elon musk for creating this mess but guys lets not forget that we have btc and other older coins to invest on . let us let them invest on meme coins if they want to because if they loose they will look for a better alternative .

Nothing but greed with money, those kind of people who are after quick gains, they are willing to take this kind of risk and
hope that they'll manage to quit with sweet profits.

We can't deny that there are investros and traders who choose this way in finding the easy access to earn money.

And for sure, there are many newbies in crypto that will be screwed by these meme projects. And a lot of them will curse crypto because they lost they hard-earned money. This is the problem here. These people will blame crypto for something they don't know about. If you are a newbie, better stay away from hyped up projects because losing your funds is very high. Most of these meme coins or tokens will die very soon.

It'll be dead for sure. Let them do what they wants and probably they'll stop once they get tired doing the same shit all over again. Probably newbies are easy targets for these kind of projects promising a x100000000 profit for initial investment.

This could be rather be stop only when crypto community ignores this type of greediness and stop promoting this shit.

For me they just want to take advantage of the hype and make meme coins every day to get big profits, considering this market so many newbies hope luck will come to them, so investing in meme Tokens is a shortcut to get rich when in fact most meme tokens age less than a month. it's ironic that people are vying for real losses.

Actually for me it's not a heartbreaking, this is a great view of cryptocurrency world. That means this crypto world is growing, new projects are coming everyday even most of them are scam but there are also few of them are promising and make us profitable. I'm happy to keep seeing new crypto projects every day until one day every transaction in this world based on cryptocurrency (or blockchain), and that's our dream right

Lesson learned, never ever buy again such memes coin because that's for fun only and it will not long last especially if those creator of that coin already gained good profits. Did you know that those coins emerged after dogecoin? For short they're just a copy paste to get some attention in the space wherein their attention is to make good profits in their own not for those who will contribute on the projects.

There are a lot of this coins that are being given by an airdrops. As participants of airdrops for me it is not important if the tokens i received in an airdrops is legit nor a meme. The fact that do not believe of all coins that are in the market is profitable most of them are just pump and dump coins. This situation where in people saw a new coin will invest immediately not knowing the background of that certain coin and eventually lose there money.

Not every rich person is smart and intelligent so who are the target of such hyped memecoins which are created for fun but actually it was created due to the popularity of Dogecoin since they knows that people are going to be crazy about DOGE coin in the near future. Scammers trying their best while investors are still dumb enough to understand what is happening with such projects.

Let's see. They can pump up so significantly only in a short time. But, they will fall down very easily, to the bottom, more than the first price in the market soon after getting this higher pump by the FOMO and hype. this is bad because there are still many people who are interested and also following this kind of new project based on the hype and also FOMO. I remember seeing many comments who always promote these new coins, memes, and also doge-like coins. LOL.
be careful, it is better to stay away from these kinds of coins if we are new to this or we don't really know how to utilize the right moment to buy and sell the coins.

Lots and lots of meme coins are getting listed on the coinmarketcap. Nothing as heartbreaking, because this has been there from the previous bull trend when ERC 20 projects were more popular. By that time more such projects reached the market and some turned to be potential ones through continued development. Maybe few can get a transition over years of survival.

It is all about luck and it's our responsibility to decide and stay safe or to take risk with these meme coins.

You really don't have to be surprised about this anymore nor be feeling like how you do now. Just ignore these meme coins and watch them fail along with all the other trashcoins that were created and failed all throughout the years. Just imagine how such crap coins like memecoins survive when there are even good projects that have good developers and partners behind them that didn't survive the test of time and failed in the past? Believe me, this type of things will happen a lot more than what you think but will slowly decrease in time just like many scam ICOs in the past. People who would invest in such things deserve whatever comes to them good or bad. Good, if they gain profits because of being courageous, bad if they failed due to lack of knowledge, stubbornness and stupidity.

Well, that is your assignment to find out how these got listed easily at the coinmarketcap, because We all know that listing at CMC is not that easy to do, and their restriction was too high. so what I can say is we shouldn't underestimate a coin or mem coins that we see here in this industry, because often who we called shitcoins that we think have no potentials in the future is the one who suddenly raises the price and suddenly increases the market volume, just like what happened with Dogecoin and shiba Inu.

The good news is that the hype and trend made by Elon for the meme coins seems to be dying.

Those meme coins creator will still keep making but as part of the community, we should have ourselves prepare that we're not going to buy those.

More of the newbies should avoid buying them because there's a bigger possibility that they could lose money.

This is not a heartbreaking but an alarming situation where everyone can easily create their own token and scam people, I'm staying away for the hype of meme token and for me, it's not that active anymore right now and the hype is slowly dying. DOGE started this all especially with a hype of Elon, many lose their money and that's the result for being greedy, we should always learn from this bad experience.

The meme tokens aren't really the issue where the bone of contention lies is if the project can attract huge investors who could possibly buy a big share of the for an amount reasonable enough to add value to it. Looking down on most of this tokens might possibly trigger some surprises in the near future just my thoughts

Yes we should make it expensive for people to create projects. We should also regulate the industry. Let's get Wall St, big tech and the government to step in and stop this nonsense. That's what true decentralisation is about.

We need a nanny state to protect people from everything dangerous.

Only projects with a real world use case, that have a ton of complexity and a ton of risk should be allowed to exist. We should have the same thing in the traditional startups. We can't allow 90% of startups to fail, we must ensure that only projects that actually have 90% chance of success get off the ground.

Because as we know, projects with a real world use case don't have any risk. There is no execution, team, market, technology risk with projects that have a use case. You basically invest money into those and you're pretty safe.

The same thing needs to happen on the internet as a whole. More regulation, more centralisation, more censorship to make sure we can eliminate most harms.

For a comment on a forum such as this, I would have expected better informed and more erudite response.

Bad players will always exist, bad projects will exist, bad execution will exist, money will be lost, people will get scammed, people will fall victim to others.

Even more so in cryptocurrency or any emerging industry. It's the same with the internet, people get scammed by Nigerian emails scams, fake calls, phishing SMS, etc etc.

The solution is not regulation but eduction and innovation.

And not every project that is successful is so because they have the best product or the best team or the best execution. This is suvivorship bias. If we knew the recipe of success and why some succeed and some fail we would all be millionaires.

Vine failed, TikTok succeeded. Same idea.
Myspace failed. Facebook succeeded. Same idea.
Doge succeded, a lot of more legitimate real world use case projects failed.

crypto is about free markets without the bounds of big players that want to protect their monopoly. This will inevitably attract a lot of scammers. It does not mean every meme crypto idea is a scam, it also does not mean every idea that doesn't have a 'I want to change the world' mentality and application is going to fail.

Business is about making a community and making people belive something has value. If enough people believe it and promote it it can succeed. What is the true value of a piece of paper that is a currency (USD, GBP)? That paper is effectively worthless, what makes it have value, is that enough people believe that it is going to be accepted by the other guy as a medium of exchange. That is all. That works until it doesnt. Take a lesson from history when hyperinflation takes hold, how much a currency is actually worth. From Germany, to China, to Venezuela to the Soviet Union.

Scammers need to be driven out, but not legitimate people with project ideas. Even if you think those ideas stupid.

Don't do a deservice to all of us by bunching up what you think of as a stupid idea with a scam. There is a vast difference. Once is morally, legally and ethically wrong. The other is none of those.

We need more information/education/data to seperate the legitimate from the scams. Not a subjective opinion on what is stupid vs what is good.

If you hold the power to decide subjectively who gets a chance vs who does not, you're no different than the dictators of the past. And ultimately that power will come for you.

You know what's sad about this? Those things are up, and going up as well. That's the scary and sad thing about this situation because people know that there are idiots out there who will buy and hope to get a mansion in a week and then the real idiots go in thinking about those idiots. This creates a cycle and that's the horrible thing about this situation is currently.

I do not know what to do, I do not know how to stop people but the reality is that if we are in a situation where even the most stupidest copy paste idiotic tokens are bought because it is known it will be bought, creating a cycle of buys, that is really very sad for our world. I hope that soon all of this doge, shiba, whatever meme things will end soon and we will end up back again to putting our money into projects that are actually trying to do something and improve upon the past.