Topic: Trends like PNUT will eventually die (Read 383 times)

Even if one or two memecoins make it big, it is still a waste of money because:

1) First, if we see the overall proportion, out of thousands of memecoins launched, only 1-2 make it big. It means that others were just scams to fool people and extract as much money from people as possible.

2) Even if we take into account the memecoin like PNUT, their final fate is dropping to zero only because the hype gets over in some days. This means that 100% the memecoins become useless after some time. Why bother investing in these  stupid coins then ?

On the moment that the price do make out some nasty correction then there's only two possible things that could happen on which whether the price would really be able to recover or would really be totally die after that and just like on what i have said that on the moment that the community will be leaving out and already take their profits or simply the hype is gone then expect that only a few will really be able to survive and majority of it will really die and their devs would really be creating a new one with having that new name. If it do able to hit up some hype then it will continue to live but if not then it do die and wither away and thats how these meme coin lives out their lives when it comes into this market. You cant be able to stop the community after they have secured their profits on which this is the usual case.

Its never been easy to predict whether it will really be having that recovery or not on which you cant be able to stop people to think on investing into the new hype coins or narratives in the market on which this is most likely that will really be making out its pump. For us people or investors who doesnt really want to miss out that opportunity then we do keep on throwing up some money into these memes until we do hit up on the right spot, but of course you should really be that investing into the amount on which you can afford to lose and never ever take to have that kind of all in kind of behavior.

To be more precise, memecoins are like gambling, because 99% of memecoins that appear every day are just Rug pull that will be lost and worthless,
just taking investors' money very easily.

Now, the memecoin hype is indeed a big concern, because some memecoins like $PNUT $ACT can be listed on Binance and even surprise everyone.

Indeed, this kind of trend will not last long and will soon fade, moreover, it is just a memecoin without any utility and does not necessarily have a strong community like other memecoins that are trying hard to keep growing.

Now it is only necessary to take profits and if you want to hold some until the trend finally completely fades, it becomes everyone's choice.
It will only see where the trend will end, but with the profits that have already been obtained.

Just that, Many altcoins investors are finding it hard to accept the obvious truth about altcoins being just gamble, and to say a wave like memecions in which category PNUT coin belongs, just as the memecions hype is still very high, same way coins like this will follow the trends and end in the same manner, so for that we have to make up our minds as to what we can do to improve our general total well being as investors, since we are well aware of the nature of hype period like this it doesn't last long and any coin develop along with it also fade off with time.

Yeah true, a lot of people try that "I will just throw in a small amount" type of method and most of them end up with basically nothing, and I mean like most of them, like 90%+ of them get nothing in return .This is why I think we should not be considering what to get, we should focus on what we have and that would make things a lot better.

I can see how this is a good period for most people, we are ending with a good return with what we have and that is why we should invest into things that are high enough. If you invest into these type of memes and throw some money in, then the 90%+ chance is that you will get nothing in return, and even lower chance that you will get a profit, and that's why we shouldn't really get anything.

yeah this usually the case for most of alts, but I don't know about meme, seems like they just become bearish and lose 50% of value at the lowest and then start picking up again in the next bullish cycle.

some meme coin definitely defy this rules this bullrun around, some even got revived from death like STNK.

basically meme coin might not seem sustaining, but it's actually quite resilient, if you compare it to some old altcoin with supposedly strong fundamental, it feels like currently meme coin outperforming those coin.

For most yeah but for some or a few, no. And that is why we suddenly see someone crying about their losses there. That should teach them a lesson and it is up to them if they will try again but be more wiser this time or they will not invest on those anymore. This is like a gambling and in gambling, the casino will let us taste a victory for a while, so that we will keep on coming back for more or will now put a bigger capital but this time they will now pull the rug. So 100 dollars or amounts they firstly allocated in the shitcoins, is not going to be their max loss.

Meme coin is a kind of tool to make money. It' impossible to think people would follow your philo to stay away from money generator. I'm not saying you're wrong, but this is how crypto works. People in here are competing for the money, no more.

The answer is simple, and still related to the my answer for your previous question. People are massively buying meme token with the hope they can double instantly. This is something you can't do that when you invested even in the solid token.

Let's say you have 1k, then you make it to 1million through meme, what will you do? This is what i called that meme token is pretty much the same as gambling, high-risk high-return. Also, Majority of people have known the consequence when they hold it for long term purpose.

Can you share some recent examples where this happened ?

Because some "investors" are profiting from the trends?

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.

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.

Those in trenches, some of them do have good investment choices, while most don't, as they will be looking for good opportunities to get themselves out from that level, which is why they will go for it, not minding the risk involved or considering the fact that the token in question has already been pumped to a certain level, which their entry time might be dump time, which they will be stuck in between, providing liquidity for those selling off.

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.

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.

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.

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.

Before Exchange like Binance doesn't list such token in their exchange but i have began to understand that since the resign of CZ a lot has been happening and lot of changes has been implemented just to make sure the exchange is making huge profits from the market, and like you said whenever the trading volume is not met they delist the token straight and most times investors aren't aware of the delisting. Most of them would hold thinking is a long term project but when they would have to check their wallet and noticed that the token is no longer trading then it would occured to them they have invested in worthless project.

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.

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.

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.

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.