When people start to forget, interest decreases, prices are suppressed, sales start and it becomes impossible for it to return to its old price, there are many similar tokens.
Can you share some recent examples where this happened ?
Topic: Trends like PNUT will eventually die (Read 232 times)
Can you share some recent examples where this happened ?
Why is it hard for most investors to understand that trends like PNUT are temporary ?
Because some "investors" are profiting from the trends?As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
To be honest. Most of the people buy those shitcoins to make quick profits, and then they are out. Very few stay there long term. That's why you see that temporary hype, and then there is also FOMO from people who have no idea on what's going on. 
The most effective way to trade memecoins have always been to follow the trend. When the trend is up abd everyone is talking about it and buying, you should already by plotting your exit zones. This is mostly true for all memes but there are exceptional ones that end up being more than just a memecoin project but a movement that people believe it. I'm talking of the likes of Popcat, Wif, Doge, Shiba inu, etc.There's always 2 sides to a coin.
At least the ones you mentioned are big enough to not die in a second or two.
Those new ones are being created each day, on the other hand - they are cars without brakes.
I agree with you but it's worth noting that people said the same thing when 2021 bull run memecoins were pumping. I know not all of them will do well in the long run and not all of the 2021 coins did. For instance, see Safemoon that went up so much and was highly talked about is no where to be found but Shiba inu is. That is the reality. I don't know about PNUT and don't own a single unit of it since the launch so this is only my personal opinion.
This is the bull run, don't underestimate how long things can keep going up for.
because it does not bring anything new to the table
Didn't invest my time reading about it, and don't want to put my funds on it - yet some who play around in degen trenches may.Their choice - and their struggle.
We can actually say that almost 95% will really be dying and wither away specially when the hype is gone and the community already left out and thats how it goes or the cycle with these meme's. On the moment that they do get listed on high tier exchange then there's no other place to go when it comes to further hype and interest of the masses or the community. We cant be able to sustain it out not unless if the dev will really be trying out to retain and that active when it comes to development from meme into something which does have utility just like with those known meme coins in the market as of today that they had able to last out for a couple of years and didnt actually ending up on grave but usually these kind of tokens do really end up on dumpster once the community will really be losing up its interest.
No one really knows of PNUT would really be able to survive that long specially that we do have that so called naratives on which if a certain narative trend expires or been forgotten or being covered up with the new one,then expect that the recent popular meme coin based up on that previous narative will really be gone in terms of community support and investors but well just like been said that there are other factors which needs up to consider out too. You cant be able to tell on how long it will really be able to sustain.
even though there seems to be a recovery in PNUT for now, but it is difficult to say from the increase and growth in prices, indicating that the market will trigger a movement and will continue to survive until now, indeed many things can happen to all of that as time goes by including building investor confidence and that is difficult to achieve in that direction.
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Obviously. This isn't even a question, of course they will go down and of course they won't do that well, we are not going to see it change at all, it can't ever be good. These are just pumps, and that's about it. Some animal died, and it was made to be political, and somehow that can sustain for a long period of time? Of course not, even the people who invested into it know that it is going to go down, they are only investing for a brief time, but they get out quickly after a while.As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
There are plenty of pump and dump memecoins out there based on whatever can be memed, and this time it was Pnut, next time it could be something else, these are all pump and dump memes that devs take advantage of, and I believe it's something we should stay away from.
No one really knows of PNUT would really be able to survive that long specially that we do have that so called naratives on which if a certain narative trend expires or been forgotten or being covered up with the new one,then expect that the recent popular meme coin based up on that previous narative will really be gone in terms of community support and investors but well just like been said that there are other factors which needs up to consider out too. You cant be able to tell on how long it will really be able to sustain.
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Obviously. This isn't even a question, of course they will go down and of course they won't do that well, we are not going to see it change at all, it can't ever be good. These are just pumps, and that's about it. Some animal died, and it was made to be political, and somehow that can sustain for a long period of time? Of course not, even the people who invested into it know that it is going to go down, they are only investing for a brief time, but they get out quickly after a while.As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
There are plenty of pump and dump memecoins out there based on whatever can be memed, and this time it was Pnut, next time it could be something else, these are all pump and dump memes that devs take advantage of, and I believe it's something we should stay away from.
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
PNUT is not a Long term project and it's likely an over hyped one and lot of investors do loves such project for easy gain and possibly x10 in return. Watch carefully or study the project carefully you would see that after this bull run next year then comes bear run you would hardly see this project continue soaring as it is now because, investors might have succeeded gaining the profits they desired to make through the coin therefore, they would focused their interest in some other newly birth projects for another advantage of project making. For investment, this project is good for short term investment rather than longer term.Big centralized exchange is one of the main factor for this kind of tokens over hyped since they are listing useless tokens just because there’s a strong community heavily shilling this project in the social media.
In the past, Exchange like Binance, Okx, Kucoin and many more doesn’t list this kind of tokens that doesn’t have real utility but right now exchange is all about pure money listing worthless tokens with hype then delist it later on.
This is the reason why lots of meme coin pump hard.
For the long term result, it is obvious where tokens like PNUT will go, isn't it? There was nothing to strengthen its ground, it just comes to the agenda and then is forgotten.
When people start to forget, interest decreases, prices are suppressed, sales start and it becomes impossible for it to return to its old price, there are many similar tokens.
I am not expressing what I wrote only for PNUT.
When people start to forget, interest decreases, prices are suppressed, sales start and it becomes impossible for it to return to its old price, there are many similar tokens.
I am not expressing what I wrote only for PNUT.
because it does not bring anything new to the table
Didn't invest my time reading about it, and don't want to put my funds on it - yet some who play around in degen trenches may.
Their choice - and their struggle
So far they are doing well in the market, but for how long? this is the same meme that was out as the one that can challenge Bitcoin, but the community considers this meme as another meme that eventually gets weak support after a new meme comes along, and its only a matter of time. Good for those who get in early, but for those who are in FOMO they are going to bear the losses that will incur.
The most effective way to trade memecoins have always been to follow the trend. When the trend is up abd everyone is talking about it and buying, you should already by plotting your exit zones. This is mostly true for all memes but there are exceptional ones that end up being more than just a memecoin project but a movement that people believe it. I'm talking of the likes of Popcat, Wif, Doge, Shiba inu, etc.There's always 2 sides to a coin.
At least the ones you mentioned are big enough to not die in a second or two.
Those new ones are being created each day, on the other hand - they are cars without brakes.
Yah, it’s wild how hype makes people lose focus. PNUT hitting a billion in days? That’s all FOMO and speculative gambling, not logic. Most folks want quick flips, not long-term plays. It’s obvious these trends can’t last, but emotions win over fundamentals every time. Just shows how impatient the market can be, lol.
They win in the short term but lose in the long term.
Nothing can't be done with the fact - the memes are engraved in the space and it's okay, because no one enforces OP or you or me to buy them, even if that would be the meta currently.
because it does not bring anything new to the table
Didn't invest my time reading about it, and don't want to put my funds on it - yet some who play around in degen trenches may.
Their choice - and their struggle.
People who go into shitcoins do know what they doing - it's go big or go home.
Either that - or a person clearly has faith that that exact token or meme would flip and gain his profit.
No need to find logic here besides analysis done on the founders, community, etc. - even that can be hardly put together to know whether to try out your luck or not.
Either that - or a person clearly has faith that that exact token or meme would flip and gain his profit.
No need to find logic here besides analysis done on the founders, community, etc. - even that can be hardly put together to know whether to try out your luck or not.
because it does not bring anything new to the table
Why is it hard for most investors to understand that trends like PNUT are temporary ? That is why the coins like PNUT can never sustain at those levels.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Yah, it’s wild how hype makes people lose focus. PNUT hitting a billion in days? That’s all FOMO and speculative gambling, not logic. Most folks want quick flips, not long-term plays. It’s obvious these trends can’t last, but emotions win over fundamentals every time. Just shows how impatient the market can be, lol. As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
PNUT sounds like a meme coin, so yeah but even not meme coins, trends can still die for them. It is just that non-meme coins can stay long and then there is still a chance for them to be in the spotlight again. There are just people who are hard headed mate and they might never change anymore sadly, so if I were you I won't stress my self anymore at them. Investing for the long term is actually much safer but also if we team it up with the right assets.
As for the meme coins, obviously they are good only for the short term but I think there are crazy people that treats them like an ordinary crypto, that they also HODL it longer. You already answered your last question there and that is the reason on why there is still a demand for them. The demand is also one of the responsible for their rise but mostly it comes from the team and the whales. It is called as manipulation.
As for the meme coins, obviously they are good only for the short term but I think there are crazy people that treats them like an ordinary crypto, that they also HODL it longer. You already answered your last question there and that is the reason on why there is still a demand for them. The demand is also one of the responsible for their rise but mostly it comes from the team and the whales. It is called as manipulation.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
Because not many people are long term investors, so many people just want to buy coins for short term profit, so they do not care if the coin has any utility, or if it is sustainable for the long term, what they care about is which coins currently has the hype, and they go for it. Long term investors would not buy this kind of coin, because you have to watch it constantly and be ready to sell before it will dump on you. 
Investors of shitcoin like this knew the risk they are entering. It’s not that they dumb enough to fall for this shitcoins rather they are aiming for the potential quick gain since token like this is highly volatile.
Imagine this, they will toss away 100$ or less then wait if the token will grow. Once they are lucky they might experience x100 or more while their max loss is just 100$. Its a high risk high reward game which people is willing to risk for massive gain.
Imagine this, they will toss away 100$ or less then wait if the token will grow. Once they are lucky they might experience x100 or more while their max loss is just 100$. Its a high risk high reward game which people is willing to risk for massive gain.
this is exactly the right answer I think, people just wanna toss $100 to speculate and to be ton potentially life changing memes I mean if people lose $100 they can just work again since it's just measly amount but imagine the prospect of investing to PNUT when the mcap was still miniscule like about $500k and suddenly the mcap goes straight to $1 billion the next month, you're literally getting 0.xxx% of the total supply which amounts to 1 billion.
all it takes is just one lucky bet.
but guess what, sometime the odd is low and sometime investing in meme is not even worth it but some people also like the thrill.
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People like speculate, despite the fact that these coin basically have no fundamental, people like to invest in it becuase why not.
maybe coin like PNUT will eventually die, but so far all these memes has survived several cycle of bull and bear, just like DOGE, in this case, I dare not to call these meme will eventually die because they are in general more resilient that it looked.
only a fool would invest for a long time in meme, most of the smart money only invests while the trend lasted. once they reached their target they are getting out.
also just because a crypto is solid, doesn't mean they will fare better than meme, just look at previous cycle which solid altcoin are dominating the market and see where they are now. most of them are getting replaced.
maybe coin like PNUT will eventually die, but so far all these memes has survived several cycle of bull and bear, just like DOGE, in this case, I dare not to call these meme will eventually die because they are in general more resilient that it looked.
As an investor if you are investing for long time, it will result in big loss always. My question is that if all this is so obvious why do most of the people get crazy with coins like these ? This coin has reached market cap in billion in few days. Something that other solid crypto coins achieved in years. What is the reason for huge craze for these coins when long term result is very clear already ?
only a fool would invest for a long time in meme, most of the smart money only invests while the trend lasted. once they reached their target they are getting out.
also just because a crypto is solid, doesn't mean they will fare better than meme, just look at previous cycle which solid altcoin are dominating the market and see where they are now. most of them are getting replaced.
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