Thoughts on Reddit coins? - page 2. | Bitcointalksearch.org

hitsnorth

jr. member

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Quote from: EarlyInvestor on September 10, 2023, 07:18:28 AM

With social media such as Reddit and Twitter gradually introducing their userbase to crypto the next hype trend could be SocialFi coins, do you suggest investing on those coins or too risky?

I'm not investing in them, I just receive some. If you're talking about DONUT and the same stuff. I wouldn't suggest anyone invest in it, but if you're a Reddit user making a MetaMask to get it will not harm you. I don't think it will introduce many to crypto, but it's fun for those who are already in.

bakasabo

legendary

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Are you speaking about Reddit coins that are purchased and distributed monthly via Reddit subscription? I dont think that they should be considered as a good investment, as they are used only to award users content. Frankly speaking, they have a huge value on impact on a post. I think badges (gold or silver) are more valuable. Their value wont grow, as this is just a like, it has not much difference from a regular thumbs-up.

mich

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Quote from: EarlyInvestor on September 10, 2023, 07:18:28 AM

With social media such as Reddit and Twitter gradually introducing their userbase to crypto the next hype trend could be SocialFi coins, do you suggest investing on those coins or too risky?

I do not have a interest in any social media coins like Reddit coin. Just from how I see it there is no reason for Reddit and Twitter to even do this.
I did not even know this will happen. I know Reddit coins are for rewarding people on Reddit. And Elon Musk did say there is no Twitter token so I do not think this will happen.

Silberman

legendary

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Quote from: EarlyInvestor on September 10, 2023, 07:18:28 AM

With social media such as Reddit and Twitter gradually introducing their userbase to crypto the next hype trend could be SocialFi coins, do you suggest investing on those coins or too risky?

Be careful, scammers are not above using any measure they can in order to make money, and I remember at least a few coins that were supposedly released by social media websites which were obviously scams and that made some people lose their money as they rushed to invest in those coins thinking they were going to make a lot of money with them, so if you ever see a coin released by one of those websites, make sure this is actually the case and you are not being deceived by scammers.

dbshck

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Quote from: EarlyInvestor on September 10, 2023, 07:18:28 AM

With social media such as Reddit and Twitter gradually introducing their userbase to crypto the next hype trend could be SocialFi coins, do you suggest investing on those coins or too risky?

Not aware of any mainstream social media launching any kind of tokens.

The only SocialFi project that has any traction whatsoever is friend.tech. It's very early and the bonding curve makes it like a ponzi, but I guess that's the main attraction for crypto community (aside from the airdrop promise). We'll see whether this project will survive in the next few months.

Bananington

sr. member

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Quote from: EarlyInvestor on September 10, 2023, 07:18:28 AM

do you suggest investing on those coins or too risky?

You can keep these coins if you somehow manage to earn them, keep them to see their usefulness in the future, but do not invest your money to get them. Use that money to invest in other established coins. I have 100coins on my reddit, I do not how I got the coins, but I did, so I am keeping the coins to see what they could be used for later. I do not know exactly how I got some the coins, but I will not mind having more on my account, maybe it will be useful for something on reddit or for something reddit related.

SmartGold01

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I have became less active on reddit for awhile now I don't know if there are any progress towards developing a reddit coin as the case maybe, although I knew of the reddit karma but to talk of coin is something I can't say with all assurance maybe you can share any link that says more of their coin so we could glance through as well.

Quote from: _act_ on September 10, 2023, 07:28:43 AM

The social media that want to have a coin like Libra for Facebook did not become a reality.

Btw.. Social coin as the case maybe has not come became popularly known as then I was hearing the news flying allover but has not become potent till date instead focusing on metaverse.

fzkto

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Quote from: EarlyInvestor on September 10, 2023, 07:18:28 AM

With social media such as Reddit and Twitter gradually introducing their userbase to crypto the next hype trend could be SocialFi coins, do you suggest investing on those coins or too risky?

I think it's very risky. Firstly, if such a trend appears, there will be a lot of scams along with it. Secondly, it is not very clear what utility such coins will provide. I remember that a long time ago such projects have already been, but they were not very popular. I think that if some popular social network makes its own coin, it may not be needed either.

_act_

legendary

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There is no any social media coin that I know of. The social media that want to have a coin like Libra for Facebook did not become a reality.

Is Reddit want to have any coin? I do not think so.

EarlyInvestor

newbie

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With social media such as Reddit and Twitter gradually introducing their userbase to crypto the next hype trend could be SocialFi coins, do you suggest investing on those coins or too risky?

Topic: Thoughts on Reddit coins? - page 2. (Read 236 times)